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April 05, 2025
 

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INFLATION

The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
BUSINESS / Economy
Oct 4, 2023
Surging Tokyo property prices squeeze out young professionals
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
Passengers line up to board a bullet train at Tokyo Station in August.
JAPAN
Oct 4, 2023
Shinkansen rail pass prices soar 70% for tourists
Even with the big increase, demand is likely to stay strong thanks to a cheaper yen and steady flow of inbound visitors.
Bank of Japan board members discussed progress toward their inflation target and the need to put together an exit strategy in their September policy meeting.
BUSINESS / Economy
Oct 2, 2023
BOJ board members see price goal progress and need to plan exit
The comments are likely to strengthen expectations among BOJ watchers that the central bank will adjust policy in early 2024.
Core inflation in Tokyo slowed in September for the third straight month, mainly on falling fuel costs, but there are concerns the weak yen may push up import costs and the price of basic goods.
BUSINESS
Sep 29, 2023
Tokyo inflation slows on subsidies, supporting BOJ policy stance
BOJ Gov. Kazuo Ueda re-emphasized this week that the goal of achieving 2% inflation accompanied by wage gains had not yet come into sight.
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.
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.
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.
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.
U.S. tourist arrested after bringing a handgun into Japan
Hyogo police believe the handgun a U.S. tourist inadvertently brought into Japan slipped through security procedures at Kansai International Airport in Osaka Prefecture.
3D printer used to construct train station building in Japan
A train station building (front) is assembled from parts printed using 3D printer technology, in Arida, Wakayama Prefecture, on Wednesday.
Japan’s leader didn’t read the job description
Prime Minister and ruling Liberal Democratic Party leader Shigeru Ishiba is facing a political funding scandal that has damaged his reputation and sparked speculation that internal efforts to remove him are underway.
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
Tokyo’s KK Line to close for decadelong overhaul as public greenway
People enjoy running and yoga on Tokyo Expressway’s KK Line, a 2-kilometer elevated expressway cutting through the capital’s commercial Ginza district, when it was opened as a pedestrian space in May last year.
Haruki Murakami TV adaptation revisits 30 years of watershed moments
Though Haruki Murakami's trademark whiff of offbeat existentialism is threaded throughout NHK's "After the Quake," the final episode — conceived as a sequel to the story "Super-Frog Saves Tokyo" — is the most stylized, featuring an anthropomorphic talking frog (voiced by Non) and his erstwhile associate Katagiri (Koichi Sato).
Nintendo to launch the Switch 2 on June 5
The controllers for the Switch 2 will attach to the console magnetically rather than sliding on rails as with the original device.
A new human trafficking trend emerges from Myanmar scam centers
Victims of scam centers who were tricked or trafficked into working in Myanmar gather at a compound inside KK Park, a fraud center on the country's border with Thailand, after a multinational crackdown in February.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.

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