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September 17, 2024
 

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Japan’s economic recovery from the pandemic is losing momentum as overseas economies slow and sticky inflation weighs on domestic consumption.
BUSINESS / Economy
Dec 8, 2023
Japan’s deepest economic contraction since pandemic clouds path for BOJ
Gross domestic product contracted at an annualized 2.9% in the three months through September from the previous quarter as households reined in spending.
Bank of Japan Gov. Kazuo Ueda speaks to reporters after meeting with Prime Minister Fumio Kishida at the Prime Minister's Office on Thursday.
BUSINESS / Economy
Dec 7, 2023
BOJ’s Ueda meets Kishida and discusses monetary policy stance
The meeting is likely to make BOJ watchers nervous given that the central bank made a surprise policy tweak last December after similar talks.
Deputy Gov. Ryozo Himino's comments are the clearest sign so far from the BOJ’s leadership that authorities are considering what the impact would be if they ended negative rates.
BUSINESS / Economy
Dec 6, 2023
BOJ’s deputy chief hints that end of negative rate may be closer
Ryozo Himino has set out a hypothesis for what might happen if rates do indeed go positive.
Big Japanese banks are now training a generation of professional front-line staff who have little experience with rising interest rates.
BUSINESS
Dec 5, 2023
Staff at Japan's banks scramble to adjust to rising interest rates
Many younger employees have no expertise in dealing with the vagaries of a traditional inflationary environment.
The Bank of Japan board member Toyoaki Nakamura says more time is needed before the bank phases out its massive stimulus.
BUSINESS / Economy
Nov 30, 2023
BOJ policymaker says more time needed before easing can be curbed
While a continued economic recovery and tight labor market hold promise for wage growth, inflation continues to suppress down real wages.
Japan’s first trading of digital securities will begin next month in the form of security tokens issued by real estate firms.
BUSINESS
Nov 21, 2023
Japan to start digital securities trading from December
The trading of security tokens issued by real estate firms Ichigo and Kenedix will begin on the Osaka Digital Exchange.
Japanese stock markets have already rallied to around their highest since 1990, with consumer and financial stocks outperforming domestic indexes.
BUSINESS / Economy / ANALYSIS
Nov 21, 2023
Japan's inflation comeback prompts investors to tear up playbooks
Investors are tearing up their playbooks to focus on expected higher interest rates, more generous dividends and a revival in consumer spending.
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.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023
Barclays expects bumper Japan profit amid struggles elsewhere
The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
Commuters at Tokyo Station earlier this month. A Reuters poll showed six out of 10 economists expect major firms' pay hikes in 2024 to exceed this year's.
BUSINESS / Companies / ANALYSIS
Nov 20, 2023
Japan's back-to-back wage bonanza would open door for BOJ exit
The news comes as the government pushes companies to hike pay to help offset rising living costs.
Pacific Investment Management headquarters in Newport Beach, California. The bond giant says it has started building a long yen position.
BUSINESS
Nov 20, 2023
Pimco is buying yen to prepare for tighter BOJ monetary policy
The bond giant started building a long yen position when Japan’s currency weakened past ¥140 per dollar a few months ago.
Takeshi Niinami, chairman of business lobby Keizai Doyukai, says the Bank of Japan "must normalize" monetary policy.
BUSINESS
Nov 10, 2023
Japan needs to prepare for 'life with interest rates': lobby head
Takeshi Niinami, chairman of business lobby Keizai Doyukai, said the Bank of Japan "must normalize" monetary policy to help weed out incompetent firms.
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.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.
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.
An increasing number of middle-aged men are using currency trading apps to buy and sell the yen to get short-term profits.
BUSINESS / Markets
Oct 26, 2023
Middle-aged salarymen exploit volatile yen with smartphone trades
Smartphone traders amplify volatility in currency markets by seizing on intraday moves, departing from a previous focus on interest rate differentials.
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.
The International Monetary Fund says it sees no factors for Japan to intervene in the foreign exchange market to support the yen.
BUSINESS / Markets
Oct 16, 2023
IMF sees no conditions for Japan to intervene in currency market
Whether Japan will intervene to support the yen has been a key focus lately, with the currency staying near ¥150 per dollar.
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.
Japan's elderly population grows to record 36.25 million
The proportion of people aged 65 and over has risen since the 1950s and is expected to hit 34.8% by 2040, when the second baby boomers (born 1971-1974) will join that group.
'Shogun' becomes first non-English-language winner of best drama Emmy
Japanese actress Anna Sawai, winner of the outstanding lead actress in a drama series award for "Shogun," and Japanese actor Hiroyuki Sanada, winner of the outstanding lead actor in a drama series award for the show, pose in the press room during the 76th Emmy Awards in Los Angeles on Sunday.
Japan jumps to No. 2, from sixth place, in Best Countries index
Pedestrians cross an intersection in the Shibuya district of Tokyo. Japan has experienced a postpandemic travel boom, with tourists pouring back in after restrictions closed the country’s borders to travelers.
South Korea is facing deepfake porn crisis
Activists hold up symbolic eye masks during a protest against deepfake porn in Seoul on Aug. 30.
Second assassination attempt on Trump is latest jolt in chaotic campaign
U.S. Secret Service and Homeland Security agents check a former home of a Ryan Routh, a suspect in an alleged assassination attempt on former U.S. President Donald Trump, in Greensboro, North Carolina, on Sunday.
‘Shogun’ and the painstaking art of ‘getting it right’
Hiroyuki Sanada and the cast and crew of "Shogun" accept the award for best drama series at the 76th Primetime Emmy Awards in Los Angeles, California.
Japan’s schools battle to keep kids cool, with or without AC
Students sit under a misting system during recess at Hikarigaoka Haru no Kaze Elementary School in Nerima Ward, Tokyo, on Sept. 6.
Chris Broad's new bar puts cocktails first, YouTube second
A self-proclaimed lover of great cocktails, YouTuber Chris Broad says his new Shibuya watering hole is more a place to get yourself a solid drink than it is anything related to his social media career.
In LDP presidential poll, three kingmakers hold all the cards
Prime Minister Fumio Kishida speaks at the Liberal Democratic Party headquarters in Tokyo in January as former Prime Minister Yoshihide Suga (left) looks on.
How China’s dominance of solar and batteries is impacting Japan’s energy transition
Solar panels and wind turbines at a power plant in Hami in China's Xinjiang region. The U.S. and other countries have described China’s actions against Uyghurs in the Xinjiang region, a key cog in the cleantech supply chain, as a genocidal campaign aimed at erasing an entire culture.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

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