Tag - inflation

 
 

INFLATION

Prime Minister Shigeru Ishiba speaks at the meeting of the Council on Economic and Fiscal Policy on Thursday at the Prime Minister's Office.
BUSINESS / Economy
Dec 26, 2024
Japan wage growth projected to outpace inflation in fiscal 2025
In fiscal 2025, nominal wages are projected to increase 2.8% from the previous year, while the overall consumer price index is forecast to rise 2.0%.
The average gasoline price is likely to start climbing again, toward ¥185, after the government cuts subsidies further on Jan. 16.
JAPAN
Dec 25, 2024
Japan pump price tops ¥180 per liter for first time in 15 months
The national average at the pump as of Monday climbed ¥4.8 from a week before to ¥180.6, posting an increase for the seventh straight week.
Bank of Japan Gov. Kazuo Ueda appears to want to keep his options open by noting the need to keep rates low to support the economy while flagging the risk of maintaining them at low levels for too long.
BUSINESS / Economy
Dec 25, 2024
Ueda avoids giving clear hint on chances of January rate hike
The Bank of Japan governor is sticking to his view that the central bank needs to keep monitoring risks for the economy.
"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.
BUSINESS / Companies
Dec 24, 2024
Daiwa aims to raise wages at least 5% next year amid competition for talent
Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
Minutes from the Bank of Japan's October policy meeting highlight how overseas economic risks, particularly those surrounding the new U.S. administration's policies, will be key to how soon the BOJ will hike rates.
BUSINESS / Economy
Dec 24, 2024
BOJ debated need for caution in raising rates, meeting minutes show
Contrary to its concern over external risks, the BOJ board was mostly optimistic on domestic economic conditions.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy / FOCUS
Dec 21, 2024
Economists see BOJ's policy review as insufficient
The massive easing policy has caused adverse effects, such as a loosening of fiscal discipline, economists said.
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
BUSINESS / Economy
Dec 20, 2024
Japan’s inflation accelerates on energy as BOJ seeks more data
Consumer prices excluding fresh food rose 2.7% in November from a year earlier driven by higher energy costs.
A man eats his lunch inside his shop near Moscow on Nov. 21. Under the impact of the explosion of military orders, Russian inflation is expected to approach 9% at the end of the year.
WORLD
Dec 19, 2024
Economic woes mount for Russia's war machine
Russian media, usually reluctant to report on any sign of social discontent, are turning increasing attention to hard-pressed families.
The plenary session of the House of Representatives, which passed the three political reform bills, in parliament on Tuesday
JAPAN
Dec 17, 2024
Japan enacts ¥13.9 trillion extra budget for fiscal 2024
The economic policy package aims to finance measures against inflation and disaster relief.
The yen slumped to its weakest in level in more than two weeks on Wednesday as traders reacted to a report that BOJ officials saw little cost to waiting before raising rates.
BUSINESS / Markets
Dec 12, 2024
Danger for yen emerges with speculation BOJ may stand pat longer
A small taste of the dangers ahead came Wednesday, when the yen slumped to its weakest in level in more than two weeks.
Tokyo has the highest price-to-income ratio for high-rise condominiums in the country, at 17.78 times.
BUSINESS / Economy
Dec 12, 2024
New Japanese condos now cost 10 times average salary, study shows
Wages are not keeping up with rising costs, resulting in developers focusing on the higher end of the market.
A man carries merchandise at a market near the border with Argentina, in Nanawa, Paraguay, in May.
BUSINESS / Economy
Dec 12, 2024
Argentina inflation hits four-year low as locals hope worst is over
Argentina, emerging from a period of major economic crisis and still grappling with rock-bottom foreign currency reserves and 50% poverty, has seen inflation come down.
The Bank of Japan's tankan quarterly survey for December is expected to show slightly weaker business sentiment among both major manufacturers and nonmanufacturers.
BUSINESS / Economy
Dec 11, 2024
BOJ quarterly survey likely to show weaker business sentiment in Japan
A slowdown in foreign economies, especially those of China and Europe, and the growing trend to spend less amid inflation, are seen weighing on sentiment.
Inflation in Japan’s corporate goods prices accelerated to the fastest pace in 16 months, an outcome that points to growing inflationary pressure in the economy and supports the central bank’s further normalization of policy.
BUSINESS / Economy
Dec 11, 2024
Japan's wholesale inflation accelerates, keeping BOJ rate-hike plan in focus
Agricultural and fishery goods prices spiked 31% in November from year-before levels, after a 28.1% gain in October, due largely to the soaring price of rice.
Dining habits have changed since the end of the COVID-19 pandemic, with alcohol consumption experiencing a drop.
BUSINESS / Economy
Dec 9, 2024
Hundreds of izakaya going bust as prices rise and customers change
In the first 11 months of this year, 203 of these establishments went out of business, more than the entire year of 2020 when COVID-19 became a pandemic.
Prime Minister Shigeru Ishiba delivers his policy speech at the Lower House on Nov. 29.
JAPAN / Politics
Dec 9, 2024
Japan's government submits ¥13.9 trillion extra budget for fiscal 2024
The budget will finance a comprehensive economic package that includes measures to tackle inflation and aid for areas affected by natural disasters in the Noto Peninsula.
A residential area of Tokyo. Rising prices has made it difficult for the child-rearing generation to secure large houses in the capital.
JAPAN / Society
Dec 7, 2024
Tokyo government considering fund for housing support
The planned fund will provide necessary financial aid for private businesses to develop affordable housing.
JR East Executive Vice President Chiharu Watari speaks during a news conference in Tokyo on Friday.
BUSINESS
Dec 6, 2024
JR East applies to raise fares by average of 7% in March 2026
The company plans to raise standard fares by 7.8%, commuter passes by 12% and student commuter passes by 4.9%.
The Bank of Japan regularly sells government bonds with repurchase agreements to boost liquidity.
BUSINESS / Economy
Dec 4, 2024
BOJ sells 10-year cash bonds to ease shortage tied to futures
The BOJ owned ¥8.03 trillion of the bonds due in March 2032 as of Nov. 29, down from ¥8.23 trillion on Nov. 20.
Resona's loan balance for SMEs was up 4.9% by the end of September from a year earlier, compared with just 1.1% growth in the 12 months through September 2023.
BUSINESS / Companies
Dec 2, 2024
Resona says inflation is boosting SME loan demand and pay hikes
SMEs make up the bulk of Resona's client base, giving the bank insight into the state of firms that account for most of the employment in Japan.

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