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November 21, 2024
 

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BOJ

Bank of Japan Gov. Kazuo Ueda gives a speech in Nagoya on Monday. Ueda's signaling remains vague and noncommittal, further muddying the outlook for December.
BUSINESS / Economy
Nov 20, 2024
Dithering in December could cost Bank of Japan yen stability
For some analysts, the central bank is all but certain to raise rates next month, though others think it might be too early.
Prices will increase for about 60% of Sukiya menu items starting Nov. 22 due to a recent rise in the price of Japanese rice, the fast-food restaurant operator Zensho Holdings said in a statement Monday.
BUSINESS / Companies
Nov 19, 2024
Sukiya operator Zensho sees shares rise ahead of beef-bowl meal price hike
Prices will increase for about 60% of Sukiya menu items starting Nov. 22 due to a recent rise in the price of Japanese rice, the company said Monday.
The Bank of Japan's policy review next month will be its first attempt to take a deeper, analytical look at the drawbacks of prolonged monetary easing.
BUSINESS / Economy / ANALYSIS
Nov 19, 2024
BOJ to bid farewell to stimulus era and justify rate hikes in policy review
The review will be the central bank's first attempt to take a deeper, analytical look at the drawbacks of prolonged monetary easing.
Bank of Japan Gov. Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices during a speech in Nagoya on Monday.
BUSINESS / Economy
Nov 18, 2024
Yen weakens after Ueda’s caution on BOJ rate hike hints
The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.
The likelihood of interest-rate hikes from the Bank of Japan and further cuts from the Federal Reserve will drive the yen's recovery to as far as ¥130 against the dollar, according to some strategists.
BUSINESS / Markets
Nov 18, 2024
Yen bulls lie in wait for U.S.-Japan yield gap to shrink next year
The likelihood of Bank of Japan interest-rate hikes and further Federal Reserve cuts will drive the yen's recovery, some say.
Japan's economy expanded by an annualized 0.9% in the third quarter, data showed.
BUSINESS / Economy
Nov 15, 2024
Japan’s economy beats consensus in boost for BOJ rate hike case
Gross domestic product expanded at an annualized pace of 0.9% in the three months through September from the prior period, a tad higher than the 0.7% consensus estimate.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024
Japan’s biggest banks raise profit goals, unveil buybacks
Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
Takeshi Shina, an opposition lawmaker and a member of the Lower House's financial committee, has frequently summoned Bank of Japan governors, including incumbent Kazuo Ueda, to parliament for grilling on monetary policy.
BUSINESS / Economy
Nov 14, 2024
BOJ should raise rates to 1% to reverse weak yen, says CDP lawmaker
His remarks highlight how concern over the demerits of a weak yen will remain a key topic of debate among politicians.
The corporate goods price index rose 3.4% in October from a year earlier, Bank of Japan data showed, above market forecasts for a 3.0% gain.
BUSINESS / Economy
Nov 13, 2024
Japan's wholesale inflation heightens uncertainty on rate hike timing
A spike in the price of rice, coupled with the increasing cost of nonferrous metals, food and oil, pushed up overall wholesale inflation.
A man walks past the Bank of Japan headquarters in Tokyo on Oct. 30.
BUSINESS
Nov 11, 2024
Worsening corporate mood and bankruptcies cloud BOJ's rate hike path
Some BOJ board members have voiced concerns that intensifying labor shortages could constrain growth, rather than lead to higher wages.
Many on the Bank of Japan board highlighted the need to scrutinize market developments in determining whether the economy can weather higher borrowing costs, a summary of opinions from October meeting shows.
BUSINESS / Economy
Nov 11, 2024
BOJ divided on rate hike timing, October summary shows
Many highlighted the need to scrutinize market developments, particularly yen moves, in determining whether the economy can weather higher borrowing costs.
Bank of Japan Gov. Kazuo Ueda attends a commemorative ceremony at the BOJ's headquarters in Tokyo on July 3, the day new yen notes went into circulation.
COMMENTARY / World
Nov 11, 2024
Japan needs tighter monetary policy to restore balance
Japan’s economy undoubtedly suffers when the yen is too strong; that is why some advocate for a more expansionary monetary policy.
Bank of Japan Gov. Kazuo Ueda said on Saturday at a forum in Switzerland that monetary tightening would be necessary in Japan if inflationary pressures from decarbonization investments exceed a certain threshold.
BUSINESS / Economy
Nov 10, 2024
Decarbonization investment to give some inflationary pressure: BOJ chief
Ueda said that monetary tightening would become necessary if inflationary pressure exceeds a certain level.
Bank of Japan Gov. Kazuo Ueda attends a post-policy meeting news conference at the central bank's headquarters in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 7, 2024
Trump victory might give Bank of Japan some room to maneuver
The Bank of Japan has been under pressure to keep monetary policy accommodative given the state of the economy and the tentativeness of the recovery.
The pace of gains in Japanese workers' base pay quickened to 2.6% year on year in September, versus a 2.4% clip in August.
BUSINESS / Economy
Nov 7, 2024
Japan’s biggest base pay gains in 31 years support case for rate hikes
While base pay rose in September, real wages fell for a second straight month even as price gains slowed.
During the Bank of Japan's September policy board meeting, some members pointed out that the central bank needs to more carefully communicate with the public to prevent a divergence between its views and those of investors.
BUSINESS / Economy
Nov 6, 2024
Bank of Japan board member moots Fed-style dot-plot projections
The dot plots show short-term rate projections of U.S. Federal Reserve officials.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund
BUSINESS / Economy
Nov 2, 2024
IMF Asia-Pacific chief urges Japan to start debt cuts
The leading IMF official called for Japan to "have a well fleshed-out, credible medium-term fiscal framework."
Tokyo's Ginza shopping district. In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the current fiscal year ending in March 2025 to 0.7% from 0.9% projected in July.
BUSINESS / Economy
Nov 1, 2024
Japan cuts growth forecast again for current fiscal year on weak exports
In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the year ending in March 2025 to 0.7% from 0.9% projected in July.
Yuichiro Tamaki, leader of the Democratic Party for the People, speaks during an interview in Tokyo on Friday.
BUSINESS
Nov 1, 2024
Japan’s potential kingmaker says BOJ shouldn’t hike before March
The central bank needs to closely examine the results of next year’s wage deal results before moving on policy again, Tamaki said.
Krishna Srinivasan, director of the International Monetary Fund's Asia Pacific Department
BUSINESS / Economy
Nov 1, 2024
Japan must avoid issuing debt to fund fresh spending, IMF says
Prime Minister Shigeru Ishiba has pledged to compile another large-scale spending package to cushion the blow to households from the rising cost of living.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

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By Kathryn Wortley

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