Tag - japanese-economy

 
 

JAPANESE ECONOMY

The Bank of Japan's headquarters in Tokyo
COMMENTARY / Japan
Sep 19, 2023
The Bank of Japan faces a monetary policy conundrum
The BOJ may need to interpret the 2% price stability target more flexibly.
Bank of Japan officials view Gov. Kazuo Ueda’s scholarly communication style as the most obvious difference from the previous governor.
BUSINESS / Economy
Sep 19, 2023
Ueda abandons ‘shock and awe’ on path toward BOJ normalization
BOJ officials view Ueda’s scholarly communication style as the most obvious difference from the previous governor.
Prime Minister Fumio Kishida attends a news conference in Tokyo on Wednesday after a major reshuffle of his Cabinet.
JAPAN / Politics
Sep 18, 2023
Japan voters unhappy with Kishida's price policies, poll shows
About 77% of respondents to the survey said they didn’t rate his price policies positively, compared with 17% who said they did.
Ichiro Miyashita arrives at the Prime Minister's Office on Wednesday after being named the new minister of agriculture, forestry and fisheries in a Cabinet reshuffle the same day.
BUSINESS / Economy
Sep 17, 2023
Japan aiming to diversify export markets to cut risks
New agriculture minister Ichiro Miyashita has expressed his intention to work on diversifying export destinations to reduce risks.
Private-sector surveys point to severe labor shortages in Japan for decades to come, with one estimating a shortfall of over 11 million workers by 2040. The nation had around 67 million workers as of July.
BUSINESS / Economy / ANALYSIS
Sep 16, 2023
Japan labor market set for change as huge worker shortage looms
Japan may be at an inflection point as the nation braces for a shortfall of millions of workers, the rise of generative AI and risks to economic security.
Newly appointed economy minister Yoshitaka Shindo arrives at the Cabinet Office on Thursday
BUSINESS / Economy
Sep 14, 2023
New economy minister sees positive signs for end of deflation
Little is known about Yoshitaka Shindo's views on monetary and fiscal policies as he served in an intraparty post for the past eight years.
Keidanren Chairman Masakazu Tokura welcomed Prime Minister Fumio Kishida's Cabinet reshuffle for including more women.
BUSINESS / Economy
Sep 14, 2023
Japan Inc. hails diverse Cabinet and urges it to stem prices
Kishida's appointment of a record-tying five women as ministers is part of the government's efforts to promote women's empowerment in politics.
Core machinery orders, the leading indicator of Japanese business spending, were down 1.1% in July from the previous month in July.
BUSINESS / Economy
Sep 14, 2023
Weak machinery orders darken outlook and raise policy challenge
Core orders, the leading indicator of Japanese business spending, were down 1.1% in July from the previous month, Cabinet Office data showed.
A price board at a gas station in Tokyo shows regular gasoline at ¥186 yen per liter on Aug. 30.
BUSINESS / Economy
Sep 13, 2023
Japan's pump prices fall for first time in 18 weeks
The decline has come after the national average rewrote a record high for the second consecutive week.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Sep 13, 2023
BOJ watchers bring forward rate hike forecasts on Ueda’s remarks
Economists moved forward their forecasts for an end to negative interest rates after the BOJ chief touched on that possibility in an interview.
Gold prices in Japan are hovering around a record high of ¥10,000 per gram — up around 18% since January.
BUSINESS / Markets
Sep 12, 2023
Gold bugs in Japan reaping rewards as yen weakness persists
Domestic prices for the precious metal are now hovering around a record high of ¥10,000 per gram — up around 18% since January.
The yen remains vulnerable to sharp movements and government intervention even after its rally at the start of this week.
BUSINESS / Markets
Sep 12, 2023
Imminent Fed meet keeps yen intervention on agenda despite rally
U.S. inflation figures set to be released Wednesday are expected to show price growth accelerating for a second month in August versus a year earlier
Rapidus CEO Atsuyoshi Koike says his ambition is to realize a "Hokkaido Valley" that can compete against Silicon Valley in size.
BUSINESS / Companies
Sep 12, 2023
Japan's Rapidus aims to create a chipmaking 'Hokkaido Valley'
The startup, backed with billions of dollars in taxpayer funds, is plotting a course to mass-produce 2-nanometer logic chips by 2027.
Banks have surged more than 50% over the past year on speculation gains in prices and wages will become sustainable enough for the Bank of Japan to end years of rock bottom rates.
BUSINESS / Economy
Sep 12, 2023
Top fund managers pile into Japanese banks on BOJ tightening bets
Fund managers are piling into Japanese banks on the possibility the Bank of Japan is preparing to end its ultraeasy monetary policy.
Prime Minister Fumio Kishida speaks at a government meeting on his concept of "new capitalism" in Tokyo on Aug. 31.
BUSINESS / Economy
Sep 11, 2023
Economists question the wisdom of Kishida's new minimum wage target
Japan aims to lift the minimum wage to ¥1,500 by the mid-2030s, but macroeconomic factors could undermine that target.
Japan Exchange Group only has a female board ratio of 13%, a level that’s less than half the average of global peers.
BUSINESS
Sep 11, 2023
Japan stock exchange’s board diversity is among worst in world
Japan Exchange Group’s female board ratio remains far below global peers and its own listing rule goal.
Prime Minister Fumio Kishida speaks during a news conference in New Delhi on Sunday.
JAPAN / Politics
Sep 11, 2023
Kishida plans Cabinet reshuffle and 'drastic' economic measures
Kishida hopes the measures will reverse his plummeting approval ratings after government mishaps in implementing the My Number system countrywide.
The average for summer bonuses this year was slightly higher than the ¥845,453 in 2019, before the COVID-19 pandemic, and trailed only the ¥870,731 in 2018, the labor ministry said Friday.
BUSINESS / Economy
Sep 9, 2023
2023 summer bonuses second-highest on record in Japan
Bonuses at major Japanese companies this summer averaged ¥845,557, up 1.59% from a year before, the labor ministry has announced.
Kazuo Ueda
BUSINESS / Economy
Sep 9, 2023
BOJ's Ueda signals chance of ending negative rates, report says
The central bank could have enough data by year-end to determine whether it can end negative rates, Gov. Kazuo Ueda said in an interview.
Japan's travel surplus posted the biggest amount for July since comparable data became available in 1996, with the country seeing a revival of inbound tourism in recent months.
BUSINESS
Sep 8, 2023
Japan current account surplus up threefold in July
The figure — ¥2.77 trillion, a record for the month — was boosted by declining crude oil prices that helped reduce imports.

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