Tag - inflation

 
 

INFLATION

Pedestrians walk past an electronic board displaying various companies' share prices, in a business district in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 20, 2023
Japan’s fiscal advisory board warns of impact of higher rates
Even small changes could have a large impact given rates are so low and Japan has the largest public debt load among developed economies.
Japan's producer prices rose 0.8% in October from a year earlier, the slowest pace of growth since gains resumed in March 2021.
BUSINESS / Economy
Nov 13, 2023
Japan’s input inflation slows below 2% for first time since 2021
A measure of input prices for Japanese firms rose 0.8% from a year earlier, the slowest pace of growth since gains resumed in March 2021.
Finance Minister Shunichi Suzuki, Prime Minister Fumio Kishida and Sanae Takaichi, the minister in charge of economic security, attend a Cabinet meeting in Tokyo on Friday.
BUSINESS / Economy
Nov 10, 2023
Cabinet approves ¥13.1 trillion extra budget to finance fresh stimulus
Prime Minister Fumio Kishida appears to be eager to regain popularity with the relief package, but voters aren't convinced.
A man dressed as Kentucky Fried Chicken founder Colonel Sanders jumps into the Dotonbori River in Osaka after the Hanshin Tigers won the Japan Series.
PODCAST / deep dive
Nov 9, 2023
Japan’s 'four-eyed tax hiker' and the curse of Colonel Sanders
Baseball writer Jason Coskrey and editor Joel Tansey discuss the Hanshin Tigers’ Japan Series victory; Gabriele Ninivaggi explains how the prime minister hopes to get a home run with his tax plan.
Land Minister Tetsuo Saito (center right) visits Yumeshima, the venue for the 2025 Osaka-Kansai Japan Expo, on Nov. 3.
JAPAN / Politics
Nov 9, 2023
Troubled 2025 Osaka Expo could see further cost increases
Amid numerous challenges, Osaka officials hope no further discussions on increasing the budget of the troubled event will be needed.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Oct. 31.
BUSINESS / Economy
Nov 9, 2023
BOJ debated groundwork for future easy-policy exit at meeting
The October discussions highlight how the central bank is looking to exit its decade-long accommodative regime.
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS / Economy
Nov 7, 2023
Japan's wages and spending extend declines in test for BOJ policy
Japan's real wages dropped 2.4% in September from a year earlier.
Bank of Japan Gov. Kazuo Ueda addresses business leaders in Nagoya on Monday.
BUSINESS
Nov 6, 2023
BOJ chief sees inflation progress but warns of uncertainty
Japan's economy is likely to continue recovering, but the outlook was "extremely uncertain," Bank of Japan Gov. Kazuo Ueda said.
German Chancellor Olaf Scholz. As the European Union’s biggest economy wrestles with a persistent slump and a surge in immigration, the specter of German nationalism has returned, leaving citizens more conflicted over their country’s direction than at any point since World War II.
WORLD / Politics
Nov 6, 2023
The far right is on the rise in Germany and Scholz is at a loss
Amidst economic challenges and surging immigration, German nationalism has reemerged.
A vegetable store on the Asagaya shopping street in Tokyo on Sunday
BUSINESS
Oct 30, 2023
Japan warns Middle East situation could hit economy
The government added the developments in the Middle East to factors requiring close attention, as it "could pose a downside risk to the Japanese economy."
The Bank of Japan is holding a two-day policy meeting through Tuesday.
BUSINESS / Economy
Oct 30, 2023
Ueda faces market fallout risk as BOJ mulls yields, prices and yen
In a sign of just how fraught the discussions on policy may be, BOJ officials are likely to monitor yield movements until the very last minute.
The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.7% in October from a year earlier, exceeding market forecasts for a 2.5% gain.
BUSINESS / Economy
Oct 27, 2023
BOJ in focus as core inflation in Tokyo unexpectedly accelerates
The data reinforces expectations the BOJ will revise up its inflation forecasts when it produces fresh quarterly projections at next week's meeting.
A pedestrian walks past an electronic signboard showing data from the Tokyo Stock Exchange and on the Japanese yen after the currency rebounded slightly after hitting ¥150 to the U.S. dollar in overnight trading, along a street in central Tokyo on Oct. 4.
BUSINESS / Economy
Oct 24, 2023
Germany set to eclipse Japan as No. 3 economy in 2023, IMF says
The yen’s widely watched depreciation has played an outsized role in its projected slide in position.
Traders are betting that the Bank of Japan will almost certainly end its negative interest rate policy by early next year.
BUSINESS / Economy
Oct 24, 2023
Rising bets on BOJ policy move shift focus to ‘neutral’ rate
This theoretical rate that neither stimulates nor restricts the economy is likely somewhere in a wide range of 0.5% to 2%, according to analysts.
The Bank of Japan headquarters in Tokyo. Nearly 40% of respondents of the latest Bloomberg Markets Live Pulse survey said Treasurys will face the most severe impact from the BOJ shifting away from superaccommodative policy.
BUSINESS
Oct 23, 2023
When Japan ends negative rate policy, Treasurys will suffer
The Bank of Japan is likely to unwind its unusual policy of subzero rates during the first half of 2024.
Former U.S. President Donald Trump delivers a speech in Wolfeboro, New Hampshire, earlier this month.
WORLD / Politics
Oct 21, 2023
Americans are worried about finances, helping Trump in key states
Trump was trusted more on the economy by 49% of swing-state voters surveyed, compared to 35% for Biden.
Fruit and vegetables for sale at the entrance to a supermarket in a shopping precinct in Tokyo on Oct. 7.
BUSINESS / Economy
Oct 20, 2023
Japan's core inflation slows below 3% for first time in over a year
The rate has tracked above the Bank of Japan's 2% target for 18 straight months.
For Prime Minister Fumio Kishida, tackling the impact of rising prices has become a key priority.
JAPAN / Politics / FOCUS
Oct 19, 2023
Upcoming parliament session puts Kishida's stimulus package in spotlight
Tackling inflation has become a key priority for Prime Minister Fumio Kishida, as economic trends have played a part in his low approval ratings.
Rengo President Tomoko Yoshino says the labor organization will seek wage hikes of 5% or more next year.
BUSINESS / Economy
Oct 19, 2023
Japan's largest labor group aims for wage hikes of 5% or more
Rengo will finalize its stance in December ahead of next year's wage negotiations.
The Bank of Japan headquarters in Tokyo. The central bank is likely to discuss raising its inflation projection for fiscal year 2023 and 2024 at its policy meeting later this month.
BUSINESS
Oct 18, 2023
BOJ seen lifting inflation forecasts as pressure on policy grows
Central bank is also seen upgrading its forecast for 2024 from the current 1.9%, to at or above 2.0%.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?