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December 26, 2024
 

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BUSINESS

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Bank of Japan Gov. Kazuo Ueda appears to want to keep his options open by noting the need to keep rates low to support the economy while flagging the risk of maintaining them at low levels for too long.
BUSINESS / Economy
Ueda avoids giving clear hint on chances of January rate hike
The Bank of Japan governor is sticking to his view that the central bank needs to keep monitoring risks for the economy.
BUSINESS / Economy
Small businesses with low wages struggle to tackle labor shortages
A worker shortage is threatening firms that are otherwise robust, including those that have invested in automation and creative hiring.
BUSINESS / Economy
BOJ debated need for caution in raising rates, meeting minutes show
Contrary to its concern over external risks, the BOJ board was mostly optimistic on domestic economic conditions.
BOJ Gov. Kazuo Ueda said in July that the central bank’s holdings would decrease by 7% to 8% in about two years’ time, but they are set to stay at higher-than-desirable levels in the long-term.
BUSINESS / Economy
Dec 23, 2024
Japan's bond supply set to reach decade high as BOJ bond purchases slow
By Masaki Kondo and Saburo Funabiki
The BOJ’s plan to almost halve bond purchases comes as Prime Minister Shigeru Ishiba plans additional spending in an extra budget.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy / FOCUS
Dec 21, 2024
Economists see BOJ's policy review as insufficient
The massive easing policy has caused adverse effects, such as a loosening of fiscal discipline, economists said.
A pedestrian crossing in Tokyo's Ginza district. In an economic report released Friday, the government cut its assessment on corporate profits for the first time since March 2023.
BUSINESS / Economy
Dec 20, 2024
Japan says overall economy recovering, but cuts view on corporate profits
Among key economic areas, the government cut its assessment on corporate profits for the first time since March 2023 as the pace of its recovery was moderating.
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
BUSINESS / Economy
Dec 20, 2024
Japan’s inflation accelerates on energy as BOJ seeks more data
By Yoshiaki Nohara and Toru Fujioka
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
The average retail gasoline price is expected to rise by over ¥5 per liter as the government has announced that it will reduce subsidies to oil wholesalers.
BUSINESS / Economy
Dec 19, 2024
Gasoline prices rise as Japanese government cuts subsidies
By Himari Semans
Until now the industry ministry has subsidized 60% of gasoline costs over ¥168 and under ¥185, but from Thursday the subsidy dropped to 30% for prices in that range.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a BOJ policy meeting in Tokyo on Thursday.
BUSINESS / Economy
Dec 19, 2024
Bank of Japan opts for caution as Trump factor and wage concerns weigh
By Kazuaki Nagata
Ueda said that it might take quite a while to fully assess Japan’s wage-growth trend and the impact of the economic policies of the Trump administration.
The fall of financial assets held by households in Japan reflected a decline in stock prices following the central bank's decision in July to raise interest rates, as well as a weaker yen.
BUSINESS / Economy
Dec 18, 2024
Japan household financial assets post first fall in eight quarters
The fall reflected a decline in stock prices following the central bank's decision in July to raise interest rates, as well as a weaker yen.

North Korean hacker group behind DMM Bitcoin’s cryptocurrency leak
A North Korean hacker group is believed to have planted a virus on the computer of an employee at Ginco — a company that was entrusted with the deposit and withdrawal of DMM Bitcoin’s virtual currency — through a fake job recruitment message sent via LinkedIn.
High levels of PFAS found in water from 44 private suppliers across Japan
The Self-Defense Forces facilities are believed to have become sources of PFAS contamination because they used firefighting foam containing the toxic chemicals in the past.
Health ministry urges caution as flu cases rise nationwide
From Dec. 9 to Dec. 15, there were 94,259 flu cases reported across some 5,000 hospitals and clinics nationwide, according to the health ministry.
Parliament wraps up, showing minority government's lack of control
Political reform bills clear the Upper House plenary session in Tokyo on Tuesday.
Japan selects two groups for third offshore wind power round
Japan aims to accelerate offshore wind development as part of its decarbonization strategy.
High levels of PFAS found in water from 44 private suppliers across Japan
The Self-Defense Forces facilities are believed to have become sources of PFAS contamination because they used firefighting foam containing the toxic chemicals in the past.
For baseball fans, 2024 brought The Summer of Shohei Ohtani
Dodgers designated hitter Shohei Ohtani reacts to a standing ovation from fans after hitting his 50th home run of the season, against the Marlins in Miami on Sept. 19.
Trump's Pentagon policy pick pushed for Japan to spend 3% of GDP on defense
Elbridge Colby (center) speaks at the Threat and the Strategy panel during the Air Force Association Air, Space and Cyber Conference in National Harbor, Maryland, in September 2019.
A brief history of ‘osechi ryōri,' Japan's edible tradition for the new year
Japan's traditional New Year cuisine has a long history, though modern developments have led to slight changes in the way things work.
Japan accuses Google of violating antimonopoly law
The Japanese antitrust watchdog said that Google forced smartphone makers to preinstall its search app on their devices, sources say.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?
By Kathryn Wortley

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