Tag - japanese-economy

 
 

JAPANESE ECONOMY

Katsunobu Kato, former chief Cabinet secretary and a ruling party veteran, says the Bank of Japan must keep a close eye on economic conditions and coordinate carefully with the government in working out when to raise rates.
BUSINESS
May 13, 2024
Japan on track to normalize monetary policy, says ruling party heavyweight
The weak yen has inflated import costs, hurting consumption and creating headaches for policymakers looking to shore up a fragile economic recovery.
Suspected intervention to drag the yen off a 34-year low against the dollar is already seen as unlikely to have a lasting effect if Japan continues alone.
BUSINESS / Markets
May 13, 2024
Yen’s fragility raises specter of a new currency war in Asia
A destabilizing slump in the yen could be the trigger that forces Japan’s neighbors to take extreme action.
A government white paper on small and medium enterprises said more than 60% of such firms plan to raise wages this year.
BUSINESS
May 12, 2024
Japan small firms raising wages amid labor shortages, government paper says
The white paper also pointed out that the labor productivity of Japan is lower than that of other members in the OECD.
For the first time in four years, Japan saw the number of corporate bankruptcies exceed 700 in April, Tokyo Shoko Research said Friday.
BUSINESS / Companies
May 11, 2024
Japan corporate bankruptcies rise 28.3% in April
The number of bankruptcies is expected to rise as companies face increased pressure from higher borrowing costs.
People walk near the Bank of Japan headquarters in Tokyo on April 26.
BUSINESS / Economy
May 10, 2024
BOJ must avoid raising rates to combat weak yen, says ex-official
Higher borrowing costs would hit consumption and services inflation, said Tsutomu Watanabe, an expert on price trends.
People in a shopping district in Tokyo in March
BUSINESS / Economy
May 10, 2024
Japan’s households cut outlays as inflation remains sticky
Real outlays decreased 1.2% in March from a year before, falling for the 13th consecutive month.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after a two-day monetary policy meeting at the BOJ headquarters in Tokyo on April 26.
BUSINESS
May 9, 2024
Many BOJ board members saw need for steady rate hikes in April, records show
Some saw the chance of a faster-than-expected pace of interest rate hikes on prospects of inflation durably staying or exceeding the bank's 2% target.
Masato Kanda, vice finance minister for international affairs, speaks to reporters in Tokyo on April 30.
BUSINESS / Economy
May 9, 2024
Japan’s reserves tally likely too early to reflect intervention
Officials continue to conceal whether they have taken action, forcing investors to make educated guesses about the market moves.
Real wages fell 2.5% from a year earlier in March, marking the 24th straight month of declines, exacerbated by a 9.4% drop in bonuses.
BUSINESS / Economy
May 9, 2024
Real wages fell for 24th month in March, dented by 9.4% decline in bonuses
Data for full-time workers that avoid sampling problems and exclude bonuses and overtime pay grew by 2.3%, above 2% for the seventh month.
Sony employees simulate the physical sensations of pregnancy at the company’s headquarters in Tokyo in February. The simple power of numbers can begin to remake workplace cultures, but many Japanese women still struggle to balance their careers with domestic obligations.
JAPAN / Society
May 8, 2024
It took decades, but Japan’s working women are making progress
Employers have taken steps to change a male-dominated workplace culture. But women still struggle to balance their careers with domestic obligations.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on Tuesday at the Prime Minister's Office following a meeting with Prime Minister Fumio Kishida.
BUSINESS / Economy
May 8, 2024
BOJ’s Ueda tweaks weak yen remarks in possible hint of rate hike
Yen weakness has escalated despite Japan’s first interest rate hike since 2007 in March.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024
Japan warns of action over rapid currency moves
Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
Despite Shinzo Abe's numerous achievements as prime minister, including job creation and efforts to promote workforce gender equality, recent controversies surrounding his tenure, including ties to controversial groups and scandals within his political faction, have tarnished his image.
COMMENTARY
May 7, 2024
The economic legacy of Japan's longest-serving prime minister
Under Abenomics and the BOJ's monetary policy, employment rose more than under any other Japanese government in the 21st century.
Tourists pose in front of a convenience store with Mount Fuji on Friday in the town of Fujikawaguchiko, Yamanashi Prefecture. Local residents are upset over littering, overcrowding and the inconvenience caused by the visitors.
COMMENTARY / Japan
May 7, 2024
Thanks, tourists. Views of Mount Fuji are now blocked.
Japan needs better long-term strategies to manage tourism sustainably.
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
BUSINESS / Economy
May 6, 2024
Japan's labor crunch persists despite slight improvement
Companies involved in IT engineering fared the worst, with more than 7 in 10 saying they didn't have enough workers and had to resort to forgoing projects.
Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024
Half of new NISA investments went to Japanese stocks
Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
JAPAN / Society
May 4, 2024
Japan’s record-low children population weighs on growth
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan to prop up the currency.
BUSINESS / Markets
May 4, 2024
Traders spooked by intervention risk trim record yen shorts
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan.
Shunichi Suzuki, Japan's finance minister
BUSINESS / Markets
May 4, 2024
Japan’s finance minister keeps traders guessing on yen intervention
The comments came days after Japanese authorities apparently entered the market to support the yen on two occasions this week.
Former U.S. Treasury Secretary Lawrence Summers
BUSINESS / Economy
May 4, 2024
Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale
Policymakers likely spent some ¥9 trillion this week, an analysis of Bank of Japan accounts shows.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.