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November 22, 2024
 

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INFLATION

The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Jun 19, 2024
BOJ’s minutes show debate on rate hikes with close eyes on yen
The minutes signal the potential for a BOJ rate hike as early as July even as market speculation for such a move has cooled somewhat.
Bank of Japan Gov. Kazuo Ueda said the central bank was not yet fully convinced that inflation will sustainably hit its 2% target, stressing the need to spend "a bit more time" to scrutinize data before raising rates again.
BUSINESS / Economy
Jun 18, 2024
BOJ chief signals chance of July rate hike
Such a move would depend on economic data available at the time, says Gov. Kazuo Ueda.
The corporate goods price index rose 2.4% in May from a year earlier, driven by higher prices for utilities, petroleum and chemical goods as well as nonferrous metals.
BUSINESS / Economy
Jun 12, 2024
Japan's wholesale inflation rose in May, complicating BOJ rate outlook
Price rises driven by cost pressures could cool consumption, and dampen the chances of achieving the demand-driven inflation the central bank is seeking to foster.
Bankruptcies rose especially among restaurant operators amid labor shortages and rising labor costs.
BUSINESS / Economy
Jun 11, 2024
Japan corporate bankruptcies surge above 1,000 in May
The latest result came as many companies struggle with rising prices, as well as labor shortages mainly in the service sector.
Japan's economy contracted less than initially reported in the January-March period on upward revisions to capital spending and inventory data.
BUSINESS / Economy
Jun 10, 2024
Japan’s sputtering economy yet to show clear signs of recovery
The data showed both consumers and companies cutting back on spending and unsold supplies building up on warehouse shelves.
Postage rates for sealed letters and other documents are expected to be raised by 30% as early as October, the first rise in 30 years aside from when prices increased along with consumption tax hikes.
JAPAN
Jun 7, 2024
Postage rate hikes seen denting New Year's card tradition in Japan
The tradition of sending New Year's greetings on postcards began in 1873 with the introduction of postcards.
Toyoaki Nakamura, a member of the policy board at the Bank of Japan, warns of recent weak signs in consumption and slowing global growth that have clouded the outlook for Japan's economy.
BUSINESS / Economy
Jun 6, 2024
BOJ's Toyoaki Nakamura warns of risks to 2% inflation goal from 2025
The central bank board's median forecast is for core consumer inflation to hit 1.9% in the fiscal year beginning in April 2025 and in fiscal 2026.
Ryu Kawane works at the Costco store in Meiwa, Gunma Prefecture. Costco's high pay has triggered wage hikes at other businesses in town.
BUSINESS / Companies
Jun 6, 2024
Costco's Japan wages provide pathway to firing up nation's low pay and economy
A sustainable rise in wages is a key goal for Prime Minister Fumio Kishida and the Bank of Japan says it's a crucial factor for normalizing monetary policy.
The draft of this year's long-term economic policy road map says consumption is stalling even though Japan's economy is continuing to recover moderately.
BUSINESS
Jun 4, 2024
Draft economic policy road map warns of weak yen's impact on households
The reference to the weak yen's impact will likely keep the Bank of Japan under pressure to raise interest rates or slow its huge bond buying.
Japanese companies' capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
BUSINESS / Economy
Jun 3, 2024
Japan’s firms trim spending, reflecting headwinds to growth
Capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
The National Diet Building in Nagatacho, Tokyo. The guidelines, to be released as early as this month, are expected to include measures to ensure that higher costs are reflected in product and service prices.
JAPAN
Jun 1, 2024
Japan to highlight resolve to defeat deflation
According to a draft, the government will aim to build a sustainable economy and society while resolving social problems the country faces.
A monitor showing the Nikkei 225 index and the yen exchange rate in Tokyo. The yen is expected to remain under pressure given the yawning gap between interest rates in Japan and the U.S.
BUSINESS / Economy
Jun 1, 2024
Japan spent record ¥9.8 trillion to prop up yen in past month
The record spending on intervention shows the government’s resolve to push back against speculators betting against the yen.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024
Kishida government's much-touted tax cut to start in June
The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
Consumer prices excluding fresh food rose 1.9% in May in the capital, internal affairs ministry data showed Friday.
BUSINESS / Economy
May 31, 2024
Tokyo inflation picked up in May, keeping BOJ on track for rate hike
The capital's inflation figures typically serve a indicator for national trends, suggesting a similar acceleration is likely for the rest of Japan.
Seiji Adachi, member of the policy board at the Bank of Japan
BUSINESS / Economy
May 29, 2024
BOJ policymaker hints of rate hike if yen fall has big impact on inflation
While short-term currency moves alone would not trigger a policy shift, the central bank could raise interest rates if excessive yen falls persist.
Bank of Japan Gov. Kazuo Ueda speaks at the central bank's annual international conference in Tokyo on Monday.
BUSINESS
May 27, 2024
BOJ to 'proceed cautiously' with inflation-targeting frameworks
Gov. Kazuo Ueda said Japan has "made progress in moving away from zero and lifting inflation expectations."
Japan's core inflation slowed for a second straight month in April due to milder food inflation.
BUSINESS / Economy
May 24, 2024
Japan’s inflation cools as BOJ waits for wage gains to kick in
Consumer prices excluding those for fresh food rose 2.2% year on year in April, matching analysts’ estimates and marking a 25th month of staying above the BOJ's 2% target.
Japan's real wages in fiscal 2023 were down for the second straight year, as steady wage growth failed to keep pace with inflation.
BUSINESS / Economy
May 23, 2024
Japan's fiscal 2023 real wages show sharpest drop in nine years
Real wages were down for the second straight year, as steady wage growth failed to keep pace with inflation.
Service prices, a key component of Japan’s inflation data, may be sturdier than in the past.
BUSINESS / Economy
May 23, 2024
Steady and widening service price rises may spur BOJ’s next move
Service prices, a key component of Japan’s inflation data, may be sturdier than in the past.
Nippon Steel's Kashima plant in Kamisu, Ibaraki Prefecture. The average wage hike in the steel industry stood at 12.04% this year, far exceeding last year's 2.77%.
BUSINESS / Companies
May 21, 2024
Major Japanese companies agree to raise pay by 5.58%
The result far exceeded last year's rise of 3.91%, or ¥13,110, and topped 4% for the first time since 1992.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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