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December 22, 2024
 

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JAPANESE ECONOMY

Bank of Japan board member Toyoaki Nakamura's cautious stance on raising interest rates indicates that the idea of a December hike may not have unanimous support.
BUSINESS / Economy
Dec 5, 2024
BOJ’s leading dove calls for careful approach to tweaking easing
The board member's remarks indicate that the idea of hiking interest rates this month may not have unanimous support.
The Bank of Japan regularly sells government bonds with repurchase agreements to boost liquidity.
BUSINESS / Economy
Dec 4, 2024
BOJ sells 10-year cash bonds to ease shortage tied to futures
The BOJ owned ¥8.03 trillion of the bonds due in March 2032 as of Nov. 29, down from ¥8.23 trillion on Nov. 20.
An official from the Japan Council of Metalworkers' Unions writes on a board the results of this year's shuntō annual spring labor negotiations in March in Tokyo.
BUSINESS / Economy
Dec 3, 2024
JCM to demand pay-scale hike of ¥12,000 or more in 2025
The organization is aiming to ensure wage increases exceed the rate of inflation.
"No matter who takes the helm, Japan’s fiscal discipline will worsen in a situation like this," said Mana Nakazora, a credit analyst on an economic panel advising Prime Minister Shigeru Ishiba.
BUSINESS / Economy
Dec 3, 2024
Japan needs a wake-up call on debt, government advisor warns
The advisor criticized the government’s decision to resume subsidies for utilities as part of the stimulus package.
The yen carry trade is expected to ramp up next year, driven by wide gaps in interest rates, higher government borrowing in the U.S. and low volatility in currency markets, analysts say.
BUSINESS / Markets
Dec 3, 2024
Yen carry trade that rattled markets shows signs of a comeback
Japanese retail investors as well as leveraged funds and asset managers outside the country are estimated to have boosted bearish wagers on the yen in November.
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
BUSINESS / Economy
Dec 3, 2024
BOJ weighs case for first triple hike since Japan’s bubble burst
The last time the BOJ conducted three hikes in a single year was in 1989, with the third increase that year coming on Christmas Day.
Japanese companies' capital expenditure on goods excluding software rose 9.5% year on year in the three months through September.
BUSINESS / Economy
Dec 2, 2024
Japanese firms boost capex in sign of confidence holding up
Expectations are also growing for the Bank of Japan to raise rates sooner rather than later.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 30, 2024
BOJ's Ueda says rate hike timing 'approaching,' Nikkei reports
The remarks reinforce growing market expectations that the BOJ will raise its short-term policy rate from the current 0.25% as soon as its next meeting on Dec. 18-19.
The Bank of Japan's headquarters in Tokyo
BUSINESS / Economy
Nov 29, 2024
Stimulus staved off years of deflation, BOJ study says
The study found that monetary stimulus beginning in 2013 boosted the level of gross domestic product by as much as 1.8 percentage point on average through this year.
Commercial buildings in the Shibuya area of Tokyo
BUSINESS / Economy
Nov 29, 2024
Consumer inflation speeds up amid BOJ rate hike speculation
Overall inflation sped up to 2.6%, as food prices also pushed up the gauge, also outpacing economist expectations.
A business district in Tokyo in 2020
BUSINESS
Nov 28, 2024
Share of female presidents at Japanese firms hits record 8.4%
The proportion of female presidents has been rising slowly but steadily since it stood at 4.5% in 1990, the oldest data available.
Prime Minister Shigeru Ishiba during a G20 meeting in Rio de Janeiro on Nov. 18.
JAPAN
Nov 28, 2024
Japan to lean heavily on extra tax revenue to cover costs of extra budget
The extra budget will partly be funded by ¥3.83 trillion in higher-than-expected tax receipts and unused funds from the previous year.
Rengo President Tomoko Yoshino speaks at the organization's central committee meeting in Urayasu, Chiba Prefecture, on Thursday.
BUSINESS / Economy
Nov 28, 2024
Rengo to demand wage hike of 6% or more for smaller firms in 2025
Rengo set a higher goal for small and midsize businesses to rectify wage gaps with larger companies.
Motohisa Furukawa, Democratic Party for the People tax chief, says the Bank of Japan is unlikely to move so quickly in raising rates that the move would have a detrimental impact on public borrowing costs.
BUSINESS / Economy
Nov 28, 2024
BOJ rate hike unlikely to derail budget planning, DPP tax chief says
Democratic Party for the People tax chief Motohisa Furukawa says it is "unthinkable” that the Bank of Japan will hike rates rapidly.
"I asked for cooperation in next year’s wage negotiations for a substantial wage increase, building on this year’s momentum,” Prime Minister Shigeru Ishiba said.
BUSINESS
Nov 26, 2024
Ishiba renews pressure on companies to ramp up pay
Average wage deals this year hit a 33-year-high as firms responded to demands to raise pay amid ongoing inflation.
The services producer price index rose 2.9% in October from a year earlier, the Bank of Japan data shows, accelerating from a 2.8% gain in September.
BUSINESS / Economy
Nov 26, 2024
Japan's steady corporate service inflation bolsters BOJ rate-hike view
The Bank of Japan is watching service-sector inflation for clues on whether demand-driven price gains are broadening enough to justify further raising interest rates.
Former Prime Minister Fumio Kishida gives a speech on Friday at a meeting of a newly formed group within the Liberal Democratic party to promote investments.
JAPAN / Politics
Nov 24, 2024
Former Prime Minister Kishida launches new group in ruling LDP
Kishida is keen to exert his influence, saying that he has a lot of unfinished projects, sources said.
Workers install a battery for a new electric vehicle model at Mitsubishi Motor's factory in Kurashiki, Okayama Prefecture.
BUSINESS
Nov 23, 2024
Trump tariffs may target Japanese cars, economist says
The Moody's Analytics economist warned that this poses a huge risk to the Japanese economy.
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
BUSINESS / Economy
Nov 22, 2024
Japan approves ¥21.9 trillion stimulus plan
Combined with expected spending from the private sector, this year’s package is estimated to add a total of ¥39 trillion to the economy.
Japan's core inflation held above the Bank of Japan's 2% target in October, keeping pressure on the central bank to raise its still-low interest rates.
BUSINESS / Economy
Nov 22, 2024
Inflation held above BOJ target in October, supporting winter rate hike
Food companies raised the prices of 2,911 items, with processed food prices increasing by 3.8% while rice prices rose 60%.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
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.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
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.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.

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