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September 01, 2024
 

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BOJ

A man takes a picture of an electronic quotation board displaying the closing numbers of share prices on the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Aug 3, 2024
Tokyo stocks likely to remain volatile in coming days
The benchmark Nikkei 225 average has been forecast to move between 34,000 and 38,000.
Kazuo Momma, former assistant governor of the Bank of Japan
BUSINESS / Economy
Aug 2, 2024
BOJ likely to hike in October after big shift, former official says
The BOJ’s basic stance now seems to be that as real rates are extremely low, they can keep raising them as long as no major shock hits the economy.
A government white paper stressed the need to pay attention to the impact of interest rate hikes by the Bank of Japan on personal consumption.
BUSINESS / Economy
Aug 2, 2024
Japan warns of weak yen impact on households in government white paper
A weak yen has become a source of concern for policymakers as it has dampened consumption by inflating the cost of importing fuel, food and raw material.
The Bank of Japan headquarters in Tokyo. A majority of the analysts surveyed by Bloomberg said this week’s rate hike by the central bank was appropriate, and nearly 70% expected the rate to be raised again by the end of this year.
BUSINESS / Economy
Aug 2, 2024
Most BOJ watchers rethink pace of hikes after Ueda’s hawkishness
Some 68% of 41 economists see the policy rate rising to 0.5% from 0.25% by the end of this year, according to a Bloomberg survey.
Bank of Japan Gov. Kazuo Ueda holds a news conference at the central bank's headquarters in Tokyo on Wednesday. The bank raised rates to 0.25% in just the second hike since 2007.
COMMENTARY / Japan
Aug 1, 2024
Ueda’s big day was lost in a communication black hole
The BOJ should improve its information release process, including fixing leaks and setting fixed release times, to avoid similar issues in the future.
Bank of Japan Gov. Kazuo Ueda attends a news conference after the central bank's policy meeting, in Tokyo on Wednesday.
BUSINESS / Economy
Aug 1, 2024
BOJ’s sudden hawkishness attributed to yen defense
Economists believe political pressure may have had something to do with the central bank’s shift in stance.
Japan's personal mortgages are set to rise for the first time in a generation following the Bank of Japan's rate hike.
BUSINESS / Economy
Aug 1, 2024
Japan’s ultralow mortgages to see first increase in 17 Years
Mitsubishi UFJ Financial Group said it plans to increase the short-term prime rate for the first time in 17 years in September.
Japanese currency authorities spend ¥5.5 trillion to prop up the yen against the dollar in the past month.
BUSINESS
Aug 1, 2024
Japan spent ¥5.5 trillion to prop up the yen in past month
The latest action appears to have helped reverse the tide on the yen’s weakness.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Wednesday.
BUSINESS / Economy
Jul 31, 2024
Bank of Japan delivers one-two punch few were expecting
At its two-day policy meeting, the BOJ voted to increase its short-term policy rate target to 0.25% from a range of 0% to 0.1%.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Wednesday.
BUSINESS / Economy
Jul 31, 2024
BOJ probes website crash that blocked traders before decision
It was not immediately clear whether the website became available for everyone at the same time or if some market participants had access before others.
The Bank of Japan building in Tokyo on March 18. With the BOJ’s policy tightening, the difficulty of managing the country’s debt payments is expected to become worse.
BUSINESS
Jul 29, 2024
Japan expects to hit primary balance goal in fiscal 2025
The government initially aimed to achieve the goal in fiscal year 2011 but kept pushing it back for over a decade.
Taro Kono, Japan's digital transformation minister, during a Bloomberg Television interview in Tokyo, during which he mentioned that the Bank of Japan to needs to introduce a rate hike to stop the weak yen trend.
BUSINESS / Economy
Jul 29, 2024
Doves in ascendancy ahead of big Bank of Japan meeting this week
The central bank will likely hold rates where they are when it meets this week, according to analysts.
Finance Minister Shunichi Suzuki speaks during a news conference at a Group of 20 finance chiefs meeting in Rio de Janeiro on Friday.
BUSINESS / Markets
Jul 27, 2024
Japan touts G20 reaffirmation of forex commitments as key achievement
The commitments say G20 nations recognize that disorderly movements in exchange rates can have adverse implications for economic and financial stability.
Tokiko Shimizu, a former Bank of Japan executive director, is known as someone who broke glass ceilings after becoming the first woman to take various senior management roles at the BOJ, including branch manager in 2010.
BUSINESS
Jul 27, 2024
BOJ’s former top female executive takes gender fight to Japan’s schools
Tokiko Shimizu is launching her own consultancy to focus on bringing more women into STEM-related fields starting at the high school level.
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.
BUSINESS / Markets
Jul 27, 2024
‘Crazy’ yen rally is at risk of shattering as soon as Wednesday
Swaps markets suggest a roughly 45% chance of the Bank of Japan hiking rates by 15 basis points at the conclusion of its July 31 policy meeting.
Japanese stocks are down 10% from their July peak as the yen strengthens.
BUSINESS / Markets
Jul 26, 2024
Yen melt-up nudges Japanese stocks into correction territory
Japan’s benchmark index is now down 10% from its July peak, meeting the textbook definition of a market correction.
With the Bank of Japan seen raising rates this year, there are heightened expectations that banks’ profitability will improve.
BUSINESS / Companies
Jul 26, 2024
Expectations high for Japan’s bank results to spur stock rally
Japanese lenders are set to report quarterly results that for the first time fully reflect the end of negative rates next week.
Core inflation in Japan's capital accelerated for a third straight month in July, keeping alive market expectations of a near-term interest rate hike by the central bank.
BUSINESS / Economy
Jul 26, 2024
Tokyo inflation quickens, keeping BOJ hike option in play
Consumer prices excluding fresh food rose 2.2% in the capital, versus 2.1% in June, the internal affairs ministry reported.
The Nikkei stock index fell to a three-month low on Thursday.
BUSINESS / Markets
Jul 25, 2024
Nikkei closes at 3-month low as yen strengthens
The 225-issue average fell 3.28% to end the day at 37,869.51, its lowest close since April 25.
The yen strengthened Wednesday to break the psychological threshold of ¥155 against the dollar, with technical indicators suggesting the momentum can continue.
BUSINESS / Markets
Jul 24, 2024
Yen extends advance as unwinding of global carry trades ramps up
Investors are betting on more rate hikes in Japan and the chance of further intervention by authorities to prop up the Japanese currency.
Alerts issued for Tokyo area cities as Shanshan crawls across Japan
A submerged area of Yufu, Oita Prefecture, on Thursday after Typhoon Shanshan dumped torrential rain throughout the Kyushu region.
Typhoon Shanshan batters Kyushu ahead of likely landfall
A satellite image shows Typhoon Shanshan south of Kyushu on Wednesday afternoon
From tropical storm to 'violent': Japan’s typhoon classifications
A satellite image from Wednesday shows Typhoon Shanshan south of Kyushu as the storm was rapidly intensifying.
Tropical Storm Shanshan soaks Japan as flood and landslide risks rise
People walk in front of closed ticket gates for the Tokaido Shinkansen in Tokyo Station as train operations between Tokyo and Nagoya remain suspended due to Tropical Storm Shanshan on Saturday.
Japan scraps idea to woo women out of city with cash
Bureaucrats had envisioned payments of up to ¥600,000 for women who got married and settled outside of Tokyo, according to media reports.
Japan seeks another record-breaking defense budget for fiscal 2025
Members of the Ground Self-Defense Force hold a live-fire exercise at the GSDF's training grounds in the East Fuji Maneuver Area in Gotemba, Shizuoka Prefecture, in May. Japan's Defense Ministry is seeking another record-breaking budget for fiscal 2025.
Can Japan handle a heat wave and natural disaster at the same time?
A member of the Self-Defense Forces wipes away sweat as he conducts a search and rescue operation at a landslide site caused by heavy rain in Kumano, Hiroshima Prefecture, on July 11, 2018.
Did you feel that? It may be time to refresh your disaster kits — and vocabulary.
A map of western Japan shows the Nankai Trough and, to its north, the hypocentral region where the energy for an earthquake is thought to be building.
This English schoolboy has big dreams of becoming yokozuna — and more
Nicholas Tarasenko trains at Minato stable in Kawaguchi, Saitama Prefecture, on Tuesday. Tarasenko’s potential in sumo was made obvious when he won U18 gold in the 90-kg weight class at the 2023 Baruto Cup in Estonia despite being four years under the age limit and having only had a total of one hour of sumo training before the meet.
Kitakyushu clashes with academics over Meiji Era remains
Remnants of the first Moji station complex are located near the current Mojiko Station in the city of Kitakyushu, Fukuoka Prefecture.

Podcast

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

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

SUSTAINABLE JAPAN

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Sasakawa works for a sustainable blue economy

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