Tag - japanese-economy

 
 

JAPANESE ECONOMY

Prime Minister Shigeru Ishiba during a debate session with other political party leaders at the Japan National Press Club in Tokyo on Saturday
BUSINESS
Oct 15, 2024
Japan’s sales tax likely to remain 10% as big parties avoid third rail
Prime Minister Shigeru Ishiba aims to fund social security programs without changing the current tax rate of 10%.
The Tokyo Stock Exchange's push to get companies to outline capital allocation plans has spurred investors to question management teams seen falling short, said Georgeson CEO Cas Sydorowitz.
BUSINESS / Companies
Oct 15, 2024
Japanese company shareholders increasingly challenge management
Shareholder resistance is now routinely a feature of Japan's annual general meeting season.
Starting on Nov. 5, the Tokyo Stock Exchange will extend its stock trading hours by 30 minutes to 3:30 p.m.
BUSINESS / Companies
Oct 13, 2024
200 listed firms in Japan to postpone earnings disclosure
The delay in disclosure signals that companies make light of investors and increases the risk of insider trading, critics said.
Yoshihiko Noda, head of the Constitutional Democratic Party of Japan, speaks during a party leaders' debate at the Upper House of parliament in Tokyo on Wednesday.
BUSINESS / Economy
Oct 11, 2024
Opposition party shakes up Japan’s rate debate with new inflation target
The Constitutional Democratic Party of Japan calls for redefining the Bank of Japan’s inflation target to “above 0%” from the current 2%.
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
BUSINESS / Economy
Oct 11, 2024
Bank of Japan vows better messaging to avoid more market turmoil
There is "strong will" within the central bank to learn from what had happened during its last rate increase, BOJ Deputy Gov. Ryozo Himino.
Warren Buffett's Berkshire Hathaway is the largest foreign issuer of yen bonds this year, raising a record ¥545.1 billion.
BUSINESS / Markets
Oct 10, 2024
Berkshire issues bonds worth ¥282 billion, sparking Japan investment hopes
The seven-part bond deal is Berkshire’s biggest yen-denominated deal since 2019, and makes it the largest foreign issuer of yen bonds this year.
The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.8% in September from a year earlier.
BUSINESS / Economy
Oct 10, 2024
Japan's wholesale inflation perks up, while yen rise eases cost pressure
The decline in import costs will likely shift the BOJ's attention to whether a more demand-driven rise in inflation takes hold in the country.
New economic revitalization Minister Ryosei Akazawa speaks during an interview on Tuesday in Tokyo.
BUSINESS / Economy
Oct 10, 2024
Japan is aiming for a growth-oriented economy, new minister says
The new minister also underlined his resolve to attain the government's target of raising the weighted average of minimum wages in the 2020s.
Eiji Maeda, former executive of the Bank of Japan
BUSINESS / Economy
Oct 9, 2024
BOJ’s next hike likely to come in January, former official says
The central bank will be watching the U.S. presidential election, the trend in service prices this autumn and momentum ahead of next year’s annual wage talks.
Japan's real wages fell in August year-on-year after turning positive for the previous two months for the first time in more than two years.
BUSINESS / Economy
Oct 8, 2024
Real wages in Japan drop in August after two months of gains
Analysts say that real-wage growth could turn positive again in September, in part due to the reintroduction of electricity bill subsidies.
Japan saw the highest number of bankruptcies since 2013 in the six months through September.
BUSINESS / Economy
Oct 8, 2024
Japan records highest number of bankruptcies in a decade as costs rise
The bankruptcies partly reflect the impact of higher prices, while a record 163 firms cited labor shortages as a reason for their struggles.
Speculative investors flipped to a net long position on the yen just before Prime Minister Shigeru Ishiba said the nation wasn’t ready for further interest rate hikes, data shows.
BUSINESS / Markets
Oct 8, 2024
Hedge funds warming to yen caught out by biggest drop in 15 years
Many bought the yen just before cautious comments by Prime Minister Shigeru Ishiba on rate hikes and strong U.S. nonfarm payrolls data.
The Bank of Japan raised it economic assessments for the Hokuriku and Tokai regions in its quarterly regional report Monday.
BUSINESS / Economy
Oct 8, 2024
BOJ signals it remains on rate hike path with regional report
The Bank of Japan indicated it remains on track to consider more interest rate hikes by upgrading its assessments for two regional economies.
Japan's has experienced a significant decline in global economic power, with its share of global gross domestic product dropping from 18% in the 1980s to an anticipated 3% by 2050.
COMMENTARY / Japan
Oct 8, 2024
Japan needs more than mere economic strength
Japan, a country that has long relied on its economic prowess for international stature and standing, must change its perspective.
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
BUSINESS / Markets
Oct 8, 2024
Solid earnings will spur hope Japan stocks hold onto 2024 gains
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
Finance Minister Katsunobu Kato attends an interview with media outlets at the Finance Ministry on Monday.
BUSINESS / Economy
Oct 7, 2024
Japan's new finance minister vows to finish the job as deflation czar
Katsunobu Kato's message indicates that financial conditions might remain accommodative for some time.
Prime Minister Shigeru Ishiba and Bank of Japan Gov. Kazuo Ueda ahead of their meeting on Wednesday. Ishiba's comment after the meeting that he doesn't believe Japan needs an additional interest rate hike has surprised the financial market.
BUSINESS / Markets / FOCUS
Oct 6, 2024
Ishiba's U-turn on interest rates surprises market
The market is being perplexed by the statement by Ishiba, who had been critical of Abenomics.
The Bank of Japan headquarters in Tokyo. Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week, with new Prime Minister Shigeru Ishiba saying Japan wasn’t ready for more rate hikes yet.
BUSINESS / Markets
Oct 5, 2024
Stepped-up global easing risks making it harder for BOJ to hike
Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week.
Keidanren chief Masakazu Tokura (center, left) presents the business lobby group's policy requests to Prime Minister Shigeru Ishiba alongside the Japan Association of Corporate Executives' Takeshi Niinami (far left) and Ken Kobayashi of the Japan Chamber of Commerce and Industry, on Friday in Tokyo.
BUSINESS
Oct 4, 2024
Japan's three major business lobbies submit policy requests to Ishiba
Ishiba told the three business leaders that ending the Japanese economy's deflationary state is a top priority.
The Japanese market for secondhand items is growing, with more consumers using flea market apps such as Mercari.
BUSINESS
Oct 4, 2024
Japan's used goods market is expanding, but that may hurt its GDP
The trend is seen as friendly to consumers and the environment, but it can have the undesirable consequence of pushing down the country's GDP.

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