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December 23, 2024
 

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JAPANESE ECONOMY

Bank of Japan Gov. Kazuo Ueda hasn’t ruled out responding to exchange rates with a policy move if the impact on prices is seen to be "non-negligible.”
BUSINESS / Economy
Apr 23, 2024
BOJ to hold rates with focus on hawkish signals to buoy yen
Gov. Kazuo Ueda and his fellow board members are set to keep the short-term rate around 0% to 0.1% at the end of their two-day policy meeting.
About 60% of small and mid-sized companies plan to raise wages in fiscal 2024, a government survey shows.
BUSINESS / Economy
Apr 23, 2024
70% of Japan companies to raise pay-scales in FY 2024
Survey results showed that about 40% of firms were struggling with labor shortages even after raising wages.
The Nikkei stock market rally has paused, but the market has an upside potential toward the end of the year, according to Allianz Global Investors.
BUSINESS / Markets
Apr 22, 2024
Allianz says Japanese stocks will defy geopolitics and yen volatility
The asset manager expects support from solid corporate fundamentals and the long-term outlook for artificial intelligence.
More than half of respondents in a recent survey say they would continue to buy a product at the same supermarket even if prices rose by 10%.
BUSINESS / Economy
Apr 22, 2024
Higher price tolerance among Japan's shoppers supports further BOJ rate hikes
A recent survey by an inflation expert showed that more than half of respondents would keep buying a supermarket product even if prices rose by 10%.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at BOJ headquarters in Tokyo on March 19.
BUSINESS / Economy
Apr 20, 2024
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising
The BOJ must maintain loose monetary policy for the time being as underlying inflation remains "somewhat below" its 2% target, Gov. Kazuo Ueda said.
The average daily room rate of hotels in Japan for March marked the highest level since August 1997, as the country saw a record number of foreign visitors in March.
BUSINESS / Companies
Apr 19, 2024
Japan hotel prices near 30-year high as weak yen lures record tourists
The average daily room rate for March was about ¥20,986 ($136), the highest level since August 1997 and a nearly 20% increase from the same period in 2023.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Washington on Thursday alongside Finance Minister Shunichi Suzuki.
BUSINESS / Markets
Apr 19, 2024
BOJ's Ueda signals possible rate hike if weak yen boosts inflation
The BOJ will scrutinize how the yen's declines so far this year could affect the economy and prices, Ueda said.
Japan's core inflation slowed in March and an index gauging broader price trends fell below 3% for the first time in over a year, as analysts try to gauge when the Bank of Japan will move again.
BUSINESS / Economy
Apr 19, 2024
Japan’s inflation cools ahead of BOJ policy board meeting
Consumer prices excluding fresh food rose 2.6% in March from a year ago, cooling from February’s 2.8% gain.
Vitor Gaspar, director of fiscal affairs at the International Monetary Fund, speaks at a news conference during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS / Economy
Apr 19, 2024
Japan should pursue fiscal consolidation, IMF economist says
With Japan's inflation mostly in line with the Bank of Japan's 2% target, an IMF economist is encouraging fiscal consolidation.
Bank of Japan Gov. Kazuo Ueda hinted at a chance of a rate hike in the second half of this year by highlighting the likelihood of improvement in the price trend.
BUSINESS / Economy
Apr 18, 2024
More economists see BOJ rate hike in October, flag July risk
All 54 economists except for one predict no policy change at the central bank’s two-day meeting ending on April 26.
Bank of Japan board member Asahi Noguchi says the pace of future rate hikes will likely be much slower that of the central bank's global peers.
BUSINESS / Economy
Apr 18, 2024
BOJ rate hikes likely to be slower than those of peers, says board member
Asahi Noguchi, known for his dovish policy views, said the impact of rising domestic wages had yet be fully passed on into prices.
Pressure from the Tokyo Stock Exchange has amplified the voices of fund managers calling for listed companies to increase their valuations.
BUSINESS / Companies
Apr 18, 2024
Improved corporate governance in Japan is paying off, Amundi says
Some of the top holdings of Amundi’s Japan target strategy include Toppan Holdings, Ricoh, Shizuoka Financial Group, Kyoto Financial Group and TS Tech.
Tourists in Kyoto on Saturday. Japan saw a record 3.08 million foreign visitors in March.
JAPAN / Society
Apr 17, 2024
Inbound tourism numbers hit record high, with Japan set to achieve 2025 goal
The nation welcomed a record 3.08 million foreign visitors in March, surpassing the previous high of 2.99 million from July 2019.
Finance Minister Shunichi Suzuki speaks to reporters in Tokyo on Tuesday.
BUSINESS / Markets / ANALYSIS
Apr 17, 2024
Why hasn't Japan moved to prop up the weak yen?
Even though the yen has already far exceeded the level that prompted action in October 2022, an intervention seems far off.
Japan's exports grew 7.3% year-on-year in March, up for the fourth straight month, showing that the economy continues to benefit from the effects of the sliding yen.
BUSINESS / Economy
Apr 17, 2024
Japan’s exports get boost from China aided by yen tailwind
Exports gained 7.3% in March from a year earlier, with growth slightly decelerating from February’s 7.8% gain.
Yen traders are bracing for 160 to the dollar or even further declines.
BUSINESS / Markets
Apr 16, 2024
Yen traders brace for 160 level even as intervention risks rise
The yen weakened 1% last week alone as fears of higher-for-longer U.S. borrowing costs spurred a stampede to the dollar.
Some analysts say machinery orders are on track for a recovery as core machinery orders rose 7.7% in February from the previous month.
BUSINESS / Economy
Apr 15, 2024
Machinery orders rise sharply, possibly easing domestic demand worries
Some analysts say machinery orders are on track for a recovery.
Prime Minister Fumio Kishida and U.S. President Joe Biden during a joint news conference at the White House on Wednesday
BUSINESS / EXPLAINER
Apr 15, 2024
Biden-Kishida summit drives home U.S.-Japan economic union
The leaders used their meeting to bake economic cooperation into the allies' relationship in hopes of making it harder to pull out of in the future.
Average age of Japanese chief executives increased for 33 consecutive years to 60.5 last year.
BUSINESS
Apr 14, 2024
Japan biz leaders' average age rises for 33rd straight year
As of December last year, the average age of company leaders stood at 60.5 years old. In 1990, the average age was 54.
Masayoshi Matsumoto
BUSINESS
Apr 14, 2024
Osaka Expo legacy could bolster Kansai's economy
Kansai accounts for about 5% of Japan’s GDP, but by utilizing the new technologies to be showcased at the expo, it could possibly increase the size to 20%.
Zelenskyy to replace Ukraine ambassador to Japan
Ukrainian Ambassador to Japan Sergiy Korsunsky delivers a speech during a handover ceremony of Self-Defense Force vehicles to Ukraine, at the Defense Ministry in Tokyo, in May last year.
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Honda and Nissan consider mutual production of vehicles, report says
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
For baseball fans, 2024 brought The Summer of Shohei Ohtani
Dodgers designated hitter Shohei Ohtani reacts to a standing ovation from fans after hitting his 50th home run of the season, against the Marlins in Miami on Sept. 19.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Is Japan finally ready to tap its abundant geothermal energy potential?
Steam rises from a geothermal plan in Yuzawa, Akita Prefecture. Despite its long history and potential, geothermal provided just 0.3% of Japan's overall energy mix in the fiscal year from April 2023
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.

Podcast

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

Longform

Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?
By Kathryn Wortley

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