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August 15, 2024
 

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INFLATION

Customers load their shopping into a vehicle at a New World supermarket in Wellington, operated by Foodstuffs New Zealand.
ASIA PACIFIC / Crime & Legal
Sep 27, 2023
Cost-of-living stress fuels crime wave in Australia and New Zealand
While the thefts are brazen, organized and increasingly violent, experts say the shoplifting underscores the hardship many people are facing.
Bank of Japan Gov. Kazuo Ueda during a news conference at the central bank's headquarters in Tokyo on Friday
BUSINESS / Economy
Sep 22, 2023
BOJ maintains its dovish monetary easing amid policy speculation
Comments by Gov. Kazuo Ueda in an interview earlier this month had sparked speculation that the BOJ might move to change policy at an earlier date.
British consumers have seen the price of a classic English breakfast — with ingredients like bacon, sausages, orange juice, baked beans and mushrooms — increase by almost 12%.
BUSINESS / Economy
Sep 21, 2023
Brits see cost of English breakfast soar amid food inflation
The total cost of a basket of goods needed to make the fry-up rose by 57 pence, almost 12%, to £36.15 in August.
Prime Minister Fumio Kishida speaks at a news conference in New York on Wednesday.
BUSINESS / Economy
Sep 21, 2023
Kishida to outline economic support measures next week
Speaking in New York, Kishida warned that Japan’s economic situation remains unstable.
Prime Minister Fumio Kishida speaks during a news conference last Wednesday following a Cabinet reshuffle.
BUSINESS / Economy
Sep 20, 2023
Kishida may reveal priority areas for economic package next week
The size of an envisaged fiscal 2023 state supplementary budget to finance the economic measures will be a major focus, informed sources said.
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Sep 19, 2023
A strike, a shutdown and student loans may cool spending for Fed
Some economists say the resumption of student loan repayments for tens of millions of borrowers may already be reshaping behavior.
The Bank of Japan's headquarters in Tokyo
COMMENTARY / Japan
Sep 19, 2023
The Bank of Japan faces a monetary policy conundrum
The BOJ may need to interpret the 2% price stability target more flexibly.
Bank of Japan officials view Gov. Kazuo Ueda’s scholarly communication style as the most obvious difference from the previous governor.
BUSINESS / Economy
Sep 19, 2023
Ueda abandons ‘shock and awe’ on path toward BOJ normalization
BOJ officials view Ueda’s scholarly communication style as the most obvious difference from the previous governor.
Prime Minister Fumio Kishida attends a news conference in Tokyo on Wednesday after a major reshuffle of his Cabinet.
JAPAN / Politics
Sep 18, 2023
Japan voters unhappy with Kishida's price policies, poll shows
About 77% of respondents to the survey said they didn’t rate his price policies positively, compared with 17% who said they did.
Newly appointed economy minister Yoshitaka Shindo arrives at the Cabinet Office on Thursday
BUSINESS / Economy
Sep 14, 2023
New economy minister sees positive signs for end of deflation
Little is known about Yoshitaka Shindo's views on monetary and fiscal policies as he served in an intraparty post for the past eight years.
A price board at a gas station in Tokyo shows regular gasoline at ¥186 yen per liter on Aug. 30.
BUSINESS / Economy
Sep 13, 2023
Japan's pump prices fall for first time in 18 weeks
The decline has come after the national average rewrote a record high for the second consecutive week.
A sign reading "Anti-inflation challenge, second price cut" is seen near shelves at a supermarket in Nice, France, in June.
BUSINESS / Economy
Sep 12, 2023
The inflation crisis is fraying Europe’s climate consensus
Polls show most European voters are reluctant to bear the cost of switching to less-polluting technology.
Kazuo Ueda
BUSINESS / Economy
Sep 9, 2023
BOJ's Ueda signals chance of ending negative rates, report says
The central bank could have enough data by year-end to determine whether it can end negative rates, Gov. Kazuo Ueda said in an interview.
Hajime Takata, a member of the policy board at the Bank of Japan
BUSINESS / Economy
Sep 6, 2023
BOJ policymaker sees signs of change in deflationary mindset
Conditions for phasing out the bank's massive stimulus seem to be falling into place, central bank policymaker Hajime Takata said.
Japan's household spending dropped 2.7% in July from the previous month, as persistent inflation continued to erode purchasing power.
BUSINESS / Economy
Sep 5, 2023
Japan’s households cut back spending as Kishida considers measures
Weak data indicate an economy struggling to build momentum as inflation outpaces wage gains and consumer spending remains below pre-pandemic levels.
Workers unload sacks of onions from a truck at a wholesale market in Ghaziabad, Uttar Pradesh, India, on April 5.
BUSINESS / Economy
Sep 4, 2023
How these grocery staples became emblems of inflation in Asia
From war to disease to the effects of climate change, global food prices have been shaken by various factors in recent years.
Japan's economic output ran above full capacity in April-June for the first time in nearly four years, a government estimate showed, suggesting that conditions for ending its policy of ultralow interest rates could be falling into place.
BUSINESS / Economy
Sep 2, 2023
Japan's economic output runs above capacity in signal for BOJ
The data suggests that conditions for Japan to end its policy of ultralow interest rates could be falling into place.
The price for regular gasoline is ¥192 per liter at a gas station in the city of Nagano on Monday.
BUSINESS / Economy / ANALYSIS
Sep 1, 2023
Extended gasoline subsidy risks harming Japan's net-zero efforts
The politically tricky decision on ending the program could hamper the shift to EVs and efforts to reach climate change goals.
Bank of Japan board member Toyoaki Nakamura says it is uncertain whether smaller companies can earn enough profits to keep hiking wages next year and beyond.
BUSINESS / Economy
Aug 31, 2023
BOJ policymaker warns against premature monetary tightening
Tightening monetary policy before rising prices are accompanied by higher wages would hurt domestic demand and corporate profits, Toyoaki Nakamura said.
A gasoline station in Tokyo on Wednesday advertises its regular gasoline price as ¥186 per liter.
BUSINESS / Economy
Aug 30, 2023
Kishida announces extension of measures to bring gas prices down
The subsidy program will be extended until the end of the year and will be beefed up starting next week.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

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