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November 25, 2024
 

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INFLATION

Consumer prices in Japan rose 2.8% in February from a year ago, with the pace speeding up from 2% in January, even though there have been pockets of weakness in consumer demand.
BUSINESS / Economy
Mar 22, 2024
Japan’s speedier inflation pace keeps BOJ’s next move in focus
Consumer prices excluding fresh food rose 2.8% in February from a year ago, with the pace speeding up from 2% in January.
The Bank of Japan's recent decision to abandon negative interest rates is seen more as a symbolic shift.
COMMENTARY
Mar 21, 2024
BOJ finally ditches negative rates, but this is no liftoff
It's the end of an era for the Bank of Japan as negative interest rates are phased out.
Global demand for the hardware that underpins AI has sparked an economic recovery in Taiwan, giving policymakers room to focus on battling inflation.
BUSINESS / Tech
Mar 21, 2024
AI frenzy gives Taiwan central bank room to battle inflation
Taiwan’s exports and benchmark stock indexes have gained over the past few months, even as growth in major overseas markets remains weak.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024
How the Bank of Japan's plan for a smooth stimulus exit unfolded
The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.
The Bank of Japan will decide whether to end its negative interest rate policy at its policy board meeting, which ends on Tuesday.
BUSINESS / Economy
Mar 18, 2024
BOJ’s Ueda faces decision time on rate hike
With the end of Japan's negative rate being a near certainty, the only question that remains is whether it comes on Tuesday or at the end of April.
Gold beans for sale inside a Luk Fook Holdings International jewelry store in Shanghai on Wednesday.
BUSINESS
Mar 16, 2024
Gold beans all the rage with China’s Gen Z as deflation bites
Weighing as little as 1 gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese.
Zensho Holdings, the operator of Sukiya and other restaurant chains, will raise salaries of regular employees by 12.2% on average.
BUSINESS / Economy
Mar 12, 2024
Japan firms across sectors offer pay hikes of up to 12% in spring talks
Early wage deals with unions reflect a recovery in earnings from the worst of the COVID-19 pandemic as well as a sense of crisis over labor shortages.
A poster for digital coupons at a store in the city of Fukushima
JAPAN / Society / Regional Voices: Fukushima
Mar 11, 2024
Fukushima’s welfare coupon campaign highlights digital divide
A call center dedicated to the initiative received so many calls that telephone lines were overloaded.
U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington on Thursday.
COMMENTARY / World
Mar 11, 2024
Now Biden needs to show his moderate side
President Biden used his State of the Union speech to rebuke Republicans and offer a progressive economic agenda. But will that appeal to moderate voters?
A representative from Honda's labor union submits a demand for spring negotiations to management last month in Tokyo.
BUSINESS / Economy
Mar 8, 2024
Japan Inc. set to offer bumper pay hikes, paving way for stimulus end
Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
Economy minister Yoshitaka Shindo said the government was currently not thinking about calling an end to deflation.
BUSINESS / Economy
Mar 5, 2024
Japan ministers deny report government thinking of calling end to deflation
Policymakers are focused on ensuring the economy doesn't revert to a protracted period of falling prices, they said.
The pickup in consumer prices largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
BUSINESS / Economy
Mar 5, 2024
Tokyo prices heat up again, supporting case for BOJ rate hike
Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo on Thursday.
BUSINESS / Economy
Mar 1, 2024
BOJ governor says price target not already in sight
Kazuo Ueda played down the significance of Japan’s slide back into a technical recession.
What is the BOJ hoping to achieve through tighter policy? The bank's governor, Kazuo Ueda, dissented in 2000, arguing then a hike was premature — and he was right. Why the change now.
COMMENTARY / Japan
Feb 29, 2024
Selling a rate hike during recession is tough. Good luck, Ueda.
What sounded like a statement of the obvious by Bank of Japan Gov. Kazuo Ueda last week — that a country where prices are rising by 2% is, in fact, experiencing inflation — has more to it than meets the eye.
In Tokyo's 23 wards, the average unit price of new condominiums in 2023 soared about 40% from the previous year to ¥114.83 million, topping ¥100 million for the first time.
BUSINESS
Feb 29, 2024
Japan's average condo price hits record high for seventh year in 2023
The nationwide average price was pushed up by rising costs for construction materials and labor.
The Bank of Japan is facing hardly any signs of opposition to scrapping its negative interest rate as the strongest price growth in decades weighs on households and businesses.
BUSINESS / Economy
Feb 28, 2024
BOJ should make straightforward policy shift, top finance professor says
Exiting policy should be like business as usual, said Hiroshi Yoshikawa, professor emeritus at the University of Tokyo and a friend of BOJ Gov. Kazuo Ueda.
Japan's consumer price index for January rose 2% from a year ago, topping estimates to support the Bank of Japan's move to end its negative interest rate policy.
BUSINESS / Economy
Feb 27, 2024
January inflation topped forecasts, data shows, supporting BOJ policy shift
Consumer prices excluding fresh food rose 2% from a year ago, while prices of processed food gained 5.9% and prices for lodging increased by 27%.
In the U.S., proof that inflation remains sticky and the labor market sound has convinced traders to embrace the Federal Reserve’s pushback against market bets on near-term easing.
BUSINESS / Economy
Feb 19, 2024
Cracks start to emerge in global central bank synchronicity
The synchronization among central banks might be about to weaken as domestic drivers take over from global trends in determining price outlooks.
In Hokkaido’s Niseko ski resort area, a bowl of ramen or soba from a food truck easily goes for more than three times what it costs at a sit-down joint in Tokyo.
COMMENTARY
Feb 18, 2024
¥3,800 ski-slope ramen is a glimpse of Japan’s future
Foreign tourist spending has potential to stimulate growth but needs careful management to ensure equitable distribution of benefits for locals.
Bank of Japan Gov. Kazuo Ueda said Friday that the BOJ will examine the possibility of easing measures when price targets are met.
BUSINESS / Economy
Feb 16, 2024
BOJ's Ueda maintains pledge to review stimulus when inflation goal met
Data released on Thursday showed Japan's economy unexpectedly slipped into a recession in the final quarter of last year.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
Japan to aid introduction of multilingual ride-hailing apps
A Nihon Kotsu Co. taxi departs one of the company's service offices in Tokyo.
Seven & I founding family sounded out KKR and others about buyout: report
A 7-Eleven convenience store in Tokyo
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
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