Tag - japanese-economy

 
 

JAPANESE ECONOMY

The Cabinet of Prime Minister Shigeru Ishiba is set to approve an economic stimulus package totaling ¥21.9 trillion on Friday.
JAPAN
Nov 21, 2024
Ishiba set to announce $140 billion stimulus package
The package aims address a range of challenges from inflation to wage growth, and alleviate a cost-of-living crunch.
Rengo chief Tomoko Yoshino speaks at a news conference in Tokyo in October.
BUSINESS
Nov 21, 2024
Union chief calls for Ishiba to step up wage hike efforts
Rengo's Tomoko Yoshino was keen to emphasize that wage gains have to spread more to workers at smaller firms.
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
Nov 20, 2024
Japan's 3.31 million visitors in October set monthly record
Travelers spent ¥5.86 trillion in Japan through September of this year, preliminary figures show, eclipsing the ¥5.3 trillion they spent in all of 2023.
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
JAPAN / Politics
Nov 20, 2024
Ruling coalition and DPP strike last-minute deal over economic policy
The package will include cash handouts to lower-income households and subsidies to help families cope with rising utility bills.
Bank of Japan Gov. Kazuo Ueda gives a speech in Nagoya on Monday. Ueda's signaling remains vague and noncommittal, further muddying the outlook for December.
BUSINESS / Economy
Nov 20, 2024
Dithering in December could cost Bank of Japan yen stability
For some analysts, the central bank is all but certain to raise rates next month, though others think it might be too early.
Pudong's Lujiazui Financial District in Shanghai, China
BUSINESS / Companies
Nov 20, 2024
Japanese businesses grow more pessimistic on China’s economy
About 64% of Japanese companies said the Chinese economy is faring worse than last year.
Japan's exports rebounded in October, led by a pickup in chip equipment demand in China.
BUSINESS / Economy
Nov 20, 2024
Japan’s exports grow, helped by China even as global risks rise
Exports rose 3.1% from a year ago, led by strong growth in shipments of chip-making equipment, especially sales to China.
Former economic revitalization minister Daishiro Yamagiwa has been named the new head of the Liberal Democratic Party's group that promotes semiconductors.
BUSINESS / Economy
Nov 19, 2024
Former minister Daishiro Yamagiwa named to lead LDP semiconductor group
Appointment follows pledge by Prime Minister Shigeru Ishiba of more than ¥10 trillion in fresh public support for chip and artificial intelligence sectors.
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.
BUSINESS / Markets
Nov 19, 2024
Two of America’s biggest debt holders are dumping Treasurys
Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30.
The Bank of Japan's policy review next month will be its first attempt to take a deeper, analytical look at the drawbacks of prolonged monetary easing.
BUSINESS / Economy / ANALYSIS
Nov 19, 2024
BOJ to bid farewell to stimulus era and justify rate hikes in policy review
The review will be the central bank's first attempt to take a deeper, analytical look at the drawbacks of prolonged monetary easing.
Bank of Japan Gov. Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices during a speech in Nagoya on Monday.
BUSINESS / Economy
Nov 18, 2024
Yen weakens after Ueda’s caution on BOJ rate hike hints
The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.
Masahide Endo, chief consultant at Daiwa Institute of Research noted that Alimentation Couche-Tard's bid for Seven & I Holdings had spawned a sense of crisis in other industries over sudden takeover proposals.
BUSINESS / Economy
Nov 18, 2024
Japanese companies increasingly targeted in foreign M&A bids
The total value of inbound acquisitions from overseas is up about 3.7 times year on year.
Core machinery orders dropped 0.7% in September month-on-month, confounding economists' median estimates for a 1.9% rise and down for the second straight month.
BUSINESS / Economy
Nov 18, 2024
Japan's machinery orders see unexpected fall in September
The orders dropped 0.7% in September month-on-month, confounding economists' median estimates for a 1.9% rise.
The likelihood of interest-rate hikes from the Bank of Japan and further cuts from the Federal Reserve will drive the yen's recovery to as far as ¥130 against the dollar, according to some strategists.
BUSINESS / Markets
Nov 18, 2024
Yen bulls lie in wait for U.S.-Japan yield gap to shrink next year
The likelihood of Bank of Japan interest-rate hikes and further Federal Reserve cuts will drive the yen's recovery, some say.
Japan Airlines' entrance ceremony. As of Oct. 1, 72.9% of job-hunting students had received job offers, down 1.9 percentage points from a year earlier, according to a joint survey by the labor and education ministries.
JAPAN / Society
Nov 15, 2024
Share of graduating Japanese university students with job offers falls
The labor and education ministries attribute the 1.9-percentage-point drop to a seller's market in which students take time to consider multiple tentative offers.
Japanese companies lack the agility needed for the digital transformation, a new report says.
BUSINESS / Economy
Nov 15, 2024
Japan ranked 31st in digital competitiveness, 92nd for English skills
In the 2024 EF English Proficiency Index, Japan was ranked 92nd, down from 87 the previous year. It was its worst showing yet.
Democratic Party for the People head Yuichiro Tamaki speaks to reporters in Tokyo on Nov. 8.
JAPAN / Politics
Nov 15, 2024
DPP leader clashes with governors over tax-free income limit
Prefectural governors fear that raising the ¥1.03 million limit would means less central government tax money for local services.
Japan's economy expanded by an annualized 0.9% in the third quarter, data showed.
BUSINESS / Economy
Nov 15, 2024
Japan’s economy beats consensus in boost for BOJ rate hike case
Gross domestic product expanded at an annualized pace of 0.9% in the three months through September from the prior period, a tad higher than the 0.7% consensus estimate.
The streets of Suzu, Ishikawa Prefecture, in October show that the city is still struggling from the aftermath of the Jan. 1 earthquake and heavy rain in September.
BUSINESS / Economy / FOCUS
Nov 15, 2024
Japan faces urgent need to boost state finances for emergencies
If a major earthquake were to strike directly beneath Tokyo, the projected damage would total around ¥107.5 trillion.
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors looking for merger and acquisition deals.
COMMENTARY / Japan
Nov 15, 2024
Japan's newfound love of M&A makes for strange bedfellows
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors.

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Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
The quake that shook Noto's sake brewing tradition