Tag - economy

 
 

ECONOMY

An electronic board displays various companies' share prices at a business district in Tokyo in October.
BUSINESS / Economy
Dec 26, 2023
Japan’s labor demand holds steady in positive sign for wages
The job-to-applicants ratio eased a tad to 1.28, meaning there were 128 jobs offered for every 100 applicants, the labor ministry reported.
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
COMMENTARY / World
Dec 25, 2023
The yuan is finally showing some muscle in international trade
The yuan's stealthy climb in global payments could see it pose a challenge to the U.S. dollar's dominance.
Prime Minister Fumio Kishida (left) shakes hands with Masakazu Tokura, head of Keidanren, during the business lobby's meeting in Tokyo on Monday.
BUSINESS
Dec 25, 2023
Kishida asks firms to achieve larger pay hikes in 2024 than this year
Kishida also underscored the need to support people's disposable incomes, with a scheduled tax cut to be implemented next year.
Prime Minister Fumio Kishida delivers a policy speech to the Lower House of parliament in Tokyo in January.
JAPAN
Dec 23, 2023
Pivot to pre-COVID normalcy tests Japan's fiscal spending appetite
A projected expansion of nominal GDP beyond ¥600 trillion for the first time may bring about the BOJ's gradual shift in policy.
Japan's core consumer prices rose 2.5% in November from a year earlier, marking the slowest pace of increase in over a year in a sign of easing cost-push pressures in the world's third-largest economy.
BUSINESS / Economy
Dec 22, 2023
Japan’s cooling inflation also offers encouraging signs for BOJ
Consumer prices excluding fresh food items rose 2.5% from a year earlier as falls in energy costs deepened and gains in processed food prices eased.
Japan's real economic growth rate for fiscal 2023 ending in March 2024 is estimated at 1.6%, up from 1.3% seen half a year ago.
BUSINESS / Economy
Dec 21, 2023
Japanese government lifts economic growth estimates
The real economic growth rate for fiscal 2023 ending in March 2024 is estimated at 1.6%, up from 1.3% seen half a year ago.
Ride-sharing apps (clockwise from bottom) Uber, Grab, Didi and Ola Cabs are seen on a smartphone display.
JAPAN / Society
Dec 20, 2023
Japan to partially lift ban on ride-hailing services from April
Drivers will be allowed to operate in specific areas at certain times under the guidance of taxi companies when there is a lack of rides available.
Some analysts believe Japan's stock market will be fragile in the coming months due to such factors as weak consumer spending and political instability.
BUSINESS / Markets
Dec 20, 2023
Japanese stocks expected to face early hurdles in 2024
Analysts see the nation’s equities indexes struggling over the next few months due to factors such as a stronger yen and weak consumer spending.
Japan's exports in November fell for the first time in three months, dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies will complicate policymakers' efforts to wind back on stimulus.
BUSINESS / Economy
Dec 20, 2023
Japan’s exports dip as global slowdown puts pressure on recovery
Exports fell 0.2% from a year earlier despite weakness in the yen, dashing economists' hopes for a 1.4% increase and support from overseas demand.
The government reiterated that the recovery in capital investment appeared to have stalled, while industrial production showed signs of picking up.
BUSINESS / Economy
Dec 19, 2023
Japan ups assessment of business mood and sticks to view on economy
In a report, the Cabinet Office said the economy was "recovering moderately although some areas stalled recently."
Market players see the yen rallying next year as the Bank of Japan exits the world’s last negative interest rate regime and its global peers cut borrowing costs.
BUSINESS / Markets
Dec 18, 2023
2023's big currency flop is top pick for year ahead, again
The BOJ's expected unwinding of its ultraeasy monetary policy and the prospects of lower borrowing costs elsewhere set the stage for the yen to rebound.
Packages of tofu on the production line at the Yamami factory in Oyama, Shizuoka Prefecture
BUSINESS / Companies
Dec 18, 2023
Tofu-maker Yamami sees shares surge after automating ancient craft
At its newest factory at the foot of Mount Fuji, the company, one of the few that’s listed, can produce 15,000 units of the bean curd each hour.
Bank of Japan Gov. Kazuo Ueda, who took office in April, has been considered a skeptic of negative interest rates.
COMMENTARY / Japan
Dec 17, 2023
One small step for BOJ. One giant leap for the yen.
Japan can hold off on undoing negative interest rates
The Bank of Japan headquarters in Tokyo. BOJ Gov. Kazuo Ueda told lawmakers in parliament that his job was about to get even more "challenging” from the end of the year, adding to speculation of looming action by the central bank.
BUSINESS
Dec 15, 2023
BOJ set to stay outlier as 2024 hike seen in contrast to Fed
The Bank of Japan has become used to being a policy outlier over its decades-long quest to vanquish deflation. It’s likely to be no different in 2024.
Yoichi Miyazawa, head of the Liberal Democratic Party's tax panel, speaks at its meeting at the party's headquarters in Tokyo on Thursday.
BUSINESS / Economy
Dec 14, 2023
Japan's ruling coalition OKs tax reforms amid public skepticism
The schedule for planned tax hikes to boost defense spending was once again not made clear.
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023
Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting
The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
Japan's core machinery orders climbed for a second straight month in October.
BUSINESS / Economy
Dec 14, 2023
Japan's October machinery orders rise despite economic uncertainty
By sector, orders from manufacturers climbed 0.2% in October from the previous month, bouncing back from a 1.8% decline in September.
The Nikkei will rise to 37,750 and the benchmark Topix to 2,650 by the end of next year, suggesting another 12% to 15% of upside for the country’s stocks, according to a median estimate of analysts.
BUSINESS / Markets
Dec 14, 2023
Bears vanish as world-beating Japanese stocks set for more gains
The Nikkei and Topix are on track for the biggest increases of any major benchmark stock index globally this year.
The problems afflicting Afghan society today, such as the repression of women’s rights and conflict, are also global issues.
COMMENTARY / World
Dec 13, 2023
Neglecting Afghanistan could have global repercussions
The problems afflicting Afghan society today, such as the repression of women's rights and conflict, are a reflection of those facing the wider world.
The reading of the key index measuring confidence among major Japanese manufacturers, such as those in the auto and electronics sectors, rose for the third straight quarter, according to the Bank of Japan's tankan survey.
BUSINESS / Economy
Dec 13, 2023
Firms more confident ahead of BOJ policy meeting, tankan shows
Evidence of robust corporate sentiment boosts the odds of large wage hikes, paving the way for the normalization of monetary policy.

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