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July 28, 2024
 

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BOJ

The Bank of Japan's attempts to dismantle ultraloose monetary policies have led to unexpected market reactions and left some investors struggling to understand the central bank's intentions.
COMMENTARY / Japan
Aug 10, 2023
The BOJ gets a new doctrine. It’s just keeping it to itself.
The BOJ is likely sincere when it says the 2% price goal is still some way off, even if one member seemingly believes it’s on the horizon.
Nominal cash earnings for workers in June rose 2.3% from the previous year, decelerating from a revised 2.9% clip in the previous month.
BUSINESS / Economy
Aug 8, 2023
Wage growth slowed in June, boosting case for BOJ to hold firm
The unexpected slowdown suggests the labor market may be losing some steam, and clouds prospects for the Bank of Japan’s sustainable inflation goal.
Hiroyuki Nagai, president and chief executive officer of Rakuten Bank (left), attends the company's listing ceremony at the Tokyo Stock Exchange on April 21.
BUSINESS / Companies
Aug 8, 2023
Rakuten Bank sees edge over rivals once BOJ ends negative rates
Uncertainty remains over when the Bank of Japan will scrap the policy, which has squeezed banks’ lending margins since its introduction seven years ago.
Eisuke Sakakibara, former top finance official, says Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen.
BUSINESS
Aug 7, 2023
Japan's 'Mr. Yen' Sakakibara expects no intervention
The yen has fallen around 14% since the Fed began rapidly raising rates to combat soaring inflation in March 2022.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference, following the central bank's policy meeting, on July 28.
BUSINESS
Aug 7, 2023
BOJ debated chance of sustained inflation at July meeting
The central bank's upbeat view on the inflation outlook suggests they are now more convinced that conditions for phasing out stimulus could fall in place.
A stock board at an intersection in Shanghai in October
BUSINESS / Markets
Aug 6, 2023
China is losing out as global funds chase returns in Japan stocks
Foreign buying of Japanese equities has exceeded that of Chinese peers for the first time since 2017, according to a Goldman Sachs Group report.
The Bank of Japan headquarters in Tokyo. Some economists see the central bank’s loosening of restraints on 10-year bond yields as a message to the government that it now will have to do financial management responsibly, because the BOJ won’t control yields as firmly as it used to.
BUSINESS
Aug 4, 2023
Japan’s fiscal plight draws scrutiny after BOJ policy tweak
Tokyo seeking to expand spending on defense and child care, even as the national debt has grown to almost 260% of gross domestic product.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023
BOJ tweak not prelude to ultralow rates exit: deputy governor
Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
The headquarters of Bank of Japan in Tokyo. The central bank has sharply raised its inflation forecast for this fiscal year and sees risks on the upside for this year and next.
BUSINESS
Aug 1, 2023
No further BOJ policy shifts expected in 2023 after surprise tweak
A survey last week found 26% of 41 economists see next April as the most likely time for further adjustments.
Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference at the central bank's head office in Tokyo in April 2013.
BUSINESS / Economy
Jul 31, 2023
Ex-BOJ chief pushed for powerful monetary easing, 2013 minutes show
The BOJ releases full minutes of policy meetings a decade after they are held. Monday's release encompassed the first half of 2013.
Bank of Japan Gov. Kazuo Ueda gives a news conference in Tokyo on Friday. The BOJ jolted financial markets by loosening its grip on bond yields.
COMMENTARY / World
Jul 30, 2023
BOJ yields some control, but also throws a curveball
In trying to keep several plates spinning as it pertains to monetary policy and inflation, BOJ Gov. Kazuo Ueda steps on his message.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy / FOCUS
Jul 29, 2023
Tricky road ahead after BOJ moves to ease yield curve control
Some economists viewed the BOJ's move to allow long-term yields to rise above its ceiling as an "effective scrapping" or "gutting" of its yield curve control program launched in 2016.
Bank of Japan headquarters in Tokyo on Friday. The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade, one of this year's most popular strategies, as the currency inevitably becomes more expensive.
BUSINESS / Economy / ANALYSIS
Jul 29, 2023
Bank of Japan's opaque policy shift means stronger and wilder yen
The Japanese yen is on a bumpy path toward strengthening after Friday's central bank policy change, threatening to upend the carry trade.
Kazuo Ueda, governor of the Bank of Japan, speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023
BOJ to allow ‘greater flexibility’ with yield curve control policy
The bank also raised its inflation forecast in the quarterly outlook, projecting that consumer prices for fiscal 2023 will be 2.5%.
Core inflation in Japan's capital slowed in July but remained well above the Bank of Japan's 2% target.
BUSINESS / Economy
Jul 28, 2023
Tokyo CPI growth tops consensus, focusing attention on BOJ
Consumer prices excluding fresh food rose 3% in the capital, beating analysts’ forecast of a 2.9% increase, underscoring the stickiness of underlying inflation.
Bank of Japan Gov. Kazuo Ueda will speak about the central bank's policy decision after a two-day meeting through Friday.
BUSINESS / Economy
Jul 27, 2023
BOJ to scrutinize inflation trends amid policy tweak speculation
The BOJ is widely expected to revise upward its earlier inflation forecast for the current fiscal year to next March.
International Monetary Fund chief economist Pierre-Olivier Gourinchas
BUSINESS / Economy
Jul 26, 2023
IMF urges BOJ to move away from yield control and prepare for future tightening
The remarks came ahead of the BOJ's meeting on Friday, where the board will release price forecasts and debate whether to adjust policy.
Bank of Japan Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming by emphasizing his doubts about the sustainability of price rises.
BUSINESS / Economy
Jul 25, 2023
BOJ set to stick with easing as markets see clock ticking on yield control
Since taking the helm in April, Gov. Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming.
Japan's consumer prices rose 3.3% year-on-year in June, with the pace of inflation accelerating from the 3.2% recorded in May.
BUSINESS
Jul 21, 2023
Japan's price growth accelerates ahead of BOJ inflation update
Prices excluding those for fresh food gained 3.3% from a year ago, accelerating a little from the rise in May as energy prices were less of a drag on inflation.
Japan Times
COMMENTARY / Japan
Jul 23, 2023
BOJ faces monetary policy challenges amid an inflationary environment
The BOJ with its monetary policies must navigate various structural issues, including population decline, aging and geopolitical tensions to achieve its desired price stability.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Ahead of the Olympics, Japan is still talking about the gymnast who won't be there
Japan's Shoko Miyata withdrew from the gymnastics team herself over her drinking and smoking, although it had already appeared as though the association was prepared to send her home from the team’s training camp in Monaco.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Some investors are warning that a yen rally is fragile, as was on show this week when the yen rapidly retraced an advance after Thursday’s stronger-than-expected U.S. economic growth figures.
Japan's average life expectancy rises for first time in three years
A decline in COVID-19-caused deaths likely helped boost the average life expectancy for Japanese men and women to rise for the first time in three years in 2023.
The Japanese Olympians looking to shine in Paris
Rim Nakamura, who is attempting to win Japan's first Olympic gold medal in cycling, will be one of the top Japanese athletes to watch at the Paris Games.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

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JNTO promotes sustainable tourism initiatives

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