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BOJ¥

Some regional smaller firms have decided to prioritize raising pay to retain or hire workers, even if they have not been earning sufficient profits, the Bank of Japan has said.
BUSINESS / Economy
Jul 8, 2024
Bank of Japan sees wage hikes spreading across economy
The optimistic assessment may heighten the case for the central bank to raise interest rates as soon as its next meeting on July 30 and 31.
The number of bankruptcies in Japan between January and June hit the highest level in a decade, up 22% from the same period last year.
BUSINESS / Companies
Jul 5, 2024
Japan's first-half bankruptcies reach highest mark in a decade, report shows
There were 4,887 bankruptcies between January and June, up 22% from the same period a year ago.
Japanese household spending unexpectedly fell in May as higher prices continued to squeeze consumers' purchasing power.
BUSINESS / Economy
Jul 5, 2024
Japan’s household spending falls, clouding growth outlook
The yen's slide is expected to further raise prices for imported raw materials, energy, and food.
The weakness of the yen is posing a big problem for small and midsize businesses. As for desired exchange rates, 69.5% said they want the yen trading between ¥110 and ¥135 to the dollar.
BUSINESS / Companies
Jul 4, 2024
Weak yen inflicts major damage to small and midsize businesses, survey says
While some larger, export driven companies have benefited from the weak currency, smaller firms are struggling to adjust.
Goldman Sachs Group has hired former Bank of Japan chief economist Akira Otani as senior Japan economic adviser and managing director.
BUSINESS / Companies
Jul 3, 2024
Goldman Sachs hires former BOJ chief economist Akira Otani
Otani has joined the Wall Street bank’s securities arm in Tokyo as senior Japan economic adviser and managing director.
Bank of Japan Gov. Kazuo Ueda and Prime Minister Fumio Kishida show off the new banknotes in Tokyo on Wednesday.
JAPAN / Society
Jul 3, 2024
Japan releases new banknotes for first time in 20 years
The Bank of Japan plans to introduce a total of ¥1.6 trillion ($9.9 billion) worth of the new banknotes into circulation on Wednesday alone.
Bank of Japan Gov. Kazuo Ueda (back center) watches as workers prepare to ship the first bundles of newly designed ¥10,000 bills at the central bank's headquarters in Tokyo on Wednesday.
JAPAN / Crime & Legal
Jul 3, 2024
Tokyo police warn of fraud linked to new banknotes
Since March, four individuals in their 80s and 90s have been swindled out of a combined total of approximately ¥15 million, according to police reports.
The supply of super-long Japanese debt is projected to total almost ¥30 trillion in the fiscal year that started on April 1.
BUSINESS / Markets
Jul 2, 2024
Big risks hound Japan’s longest bonds despite move to cut supply
Japan's government appears to be striving to calm down a market that’s wracked by rising yields.
As interest rates rise, the Bank of Japan will have to pay more on deposits, resulting in a mismatch between what it pays out and how much it receives on bonds it holds.
BUSINESS / Economy / FOCUS
Jul 2, 2024
The Bank of Japan’s $3 trillion problem
As interest rates rise and the deposits it holds become far more expensive, the central bank could end up becoming unprofitable.
The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
Samples of newly designed yen banknotes at the National Printing Bureau's Tokyo plant on June 19
BUSINESS / EXPLAINER
Jul 1, 2024
What you need to know about Japan's new banknotes
The last time the country redesigned its banknotes was 20 years ago.
Business sentiment among large manufacturers in Japan in the April-June quarter improved for the first time in two quarters, but the mood among big service-sector firms worsened for the first time in four years, according to a Bank of Japan survey.
BUSINESS / Economy
Jul 1, 2024
Japan's shaky business mood and GDP downgrade cloud BOJ hike timing
A mixed economic outlook complicates the BOJ's decision on how soon to raise interest rates, analysts say.
The rate of the yen against the dollar displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
BUSINESS / Markets
Jun 27, 2024
Yen taken back to the '80s by messaging missteps and loss of confidence
Some analysts see the speculative fever as unsustainable, and that any signs of U.S. inflation falling faster than expected could allow a dramatic comeback.
The share of stocks and investment trusts in Japanese household assets rose to a record high of 19.7% at the end of March.
BUSINESS / Economy
Jun 27, 2024
Japan inflation spurs record shift to household assets in stocks
Households have been coping with a surge in inflation over the past two years.
Monitors show the rate of the yen against the U.S. dollar at a foreign exchange brokerage in Tokyo on Monday. Traders are falling out of step with the Bank of Japan, expecting hawkish steps that are instead met with a cautious approach.
COMMENTARY / Japan
Jun 24, 2024
Traders are out of step with the BOJ’s Ueda
Time and time again, traders predict that the Bank of Japan will take bold next steps, but these rarely come. That's because Gov. Ueda is, most of all, cautious.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Jun 26, 2024
A third of Bank of Japan watchers expect July interest rate hike
Whatever the outcome in July, the survey results show there will be intense interest with possible market volatility ahead of the policy board meeting.
Traders say a slump of the yen as far as ¥170 per dollar is possible despite looming intervention risks.
BUSINESS / Economy
Jun 25, 2024
Forget ¥160 — traders see currency falling as far as ¥170 against dollar
The yen is at risk of sliding to levels last seen in 1986, with traders unfazed by the specter of government intervention.
The Japanese national flag waves at the Bank of Japan building in Tokyo on March 18.
BUSINESS
Jun 24, 2024
Moody's Japan analyst urges reform while BOJ takes time to raise rates
Christian de Guzman said he did not expect the budget-balancing target for fiscal 2025 to be met, but failure would not trigger a negative rating action.
The Bank of Japan headquarters in Tokyo on June 12
BUSINESS / Markets
Jun 24, 2024
Yen nears lows as Bank of Japan leans dovish
The BOJ has suggested in recent weeks that it might not hurry in tightening monetary policy, unsettling the market.
The Bank of Japan debated the chance of a near-term interest rate hike during its policy meeting in June.
BUSINESS / Economy
Jun 24, 2024
BOJ debated need for timely rate hike at June meeting, summary shows
One Bank of Japan policymaker called for an increase without delay to address risks of inflation overshooting expectations.

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A woman passes an "akichi" (vacant lot) in Bunkyo Ward, Tokyo. The capital is littered with such small lots in part because of Japan's aging and shrinking population.
Dealing with rising land vacancies as Japan shrinks