Tag - japanese-economy

 
 

JAPANESE ECONOMY

JAPAN / Politics
Oct 27, 2023
Amid scrutiny, Kishida emphasizes tax cuts to pull out from deflation
The Constitutional Democratic Party of Japan has heavily criticized the government for its belated response to rising inflation.
The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.7% in October from a year earlier, exceeding market forecasts for a 2.5% gain.
BUSINESS / Economy
Oct 27, 2023
BOJ in focus as core inflation in Tokyo unexpectedly accelerates
The data reinforces expectations the BOJ will revise up its inflation forecasts when it produces fresh quarterly projections at next week's meeting.
The simplest option for many Japanese industries facing labor shortages might be to do what the taxi sector is doing — keep people in the workforce longer.
COMMENTARY / Japan
Oct 26, 2023
Octogenarian taxi drivers to the labor-crunch rescue
An option for many Japanese industries facing labor shortages might be to do what the taxi sector is doing — keep people in the workforce longer.
The yen's slide past ¥150 to the dollar has raised renewed speculation over possible government interventions in the currency market.
BUSINESS / Markets
Oct 26, 2023
Yen weakens close to three-decade low against U.S. dollar
The yen was trading well within the zone that saw authorities wade into the market last year.
Prime Minister Fumio Kishida listens as Constitutional Democratic Party of Japan chief Kenta Izumi speaks in parliament in Tokyo on Tuesday.
JAPAN / Politics
Oct 24, 2023
Tough questions for Kishida in parliament over spending plans
Japan’s main opposition party began its scrutiny of Kishida's economic stimulus package as the country struggles with inflation and stagnant wages.
A pedestrian walks past an electronic signboard showing data from the Tokyo Stock Exchange and on the Japanese yen after the currency rebounded slightly after hitting ¥150 to the U.S. dollar in overnight trading, along a street in central Tokyo on Oct. 4.
BUSINESS / Economy
Oct 24, 2023
Germany set to eclipse Japan as No. 3 economy in 2023, IMF says
The yen’s widely watched depreciation has played an outsized role in its projected slide in position.
A Hello Kitty balloon is paraded down 6th Ave during the 91st Macy's Thanksgiving Day Parade in New York City in November 2017.
COMMENTARY / Japan
Oct 24, 2023
Soft power and Japan's role in a complex world
While hard power zeroes in on what can be physically controlled such as an empire by force, soft power is an empire by invitation.
Traders are betting that the Bank of Japan will almost certainly end its negative interest rate policy by early next year.
BUSINESS / Economy
Oct 24, 2023
Rising bets on BOJ policy move shift focus to ‘neutral’ rate
This theoretical rate that neither stimulates nor restricts the economy is likely somewhere in a wide range of 0.5% to 2%, according to analysts.
Prime Minister Fumio Kishida delivers a policy speech during an extraordinary session of parliament in Tokyo on Monday.
JAPAN / Politics
Oct 23, 2023
The economy takes center stage in Kishida’s policy speech
"'The economy, the economy, the economy.’ I will focus my attention on the economy more than anything else,” Kishida said in opening remarks.
Fruit and vegetables for sale at the entrance to a supermarket in a shopping precinct in Tokyo on Oct. 7.
BUSINESS / Economy
Oct 20, 2023
Japan's core inflation slows below 3% for first time in over a year
The rate has tracked above the Bank of Japan's 2% target for 18 straight months.
For Prime Minister Fumio Kishida, tackling the impact of rising prices has become a key priority.
JAPAN / Politics / FOCUS
Oct 19, 2023
Upcoming parliament session puts Kishida's stimulus package in spotlight
Tackling inflation has become a key priority for Prime Minister Fumio Kishida, as economic trends have played a part in his low approval ratings.
BUSINESS / Economy
Oct 19, 2023
Japan's largest labor group aims for wage hikes of 5% or more
Rengo will finalize its stance in December ahead of next year's wage negotiations.
Japan's exports rose more than expected in September, led by shipments of cars and medical supplies.
BUSINESS / Economy
Oct 19, 2023
Japan exports rise more than expected in support for recovery
The value of exports gained 4.3% from a year earlier, led by shipments of cars and medical supplies in the first overall rise in three months.
Foreign tourists in Tokyo's Shibuya Ward on Wednesday
JAPAN
Oct 18, 2023
Foreign visitors to Japan hit 96% of pre-COVID level in September
The number of foreign visitors for business and leisure was 2.18 million last month, up slightly from 2.16 million in August.
BUSINESS
Oct 18, 2023
BOJ seen lifting inflation forecasts as pressure on policy grows
Central bank is also seen upgrading its forecast for 2024 from the current 1.9%, to at or above 2.0%.
JAPAN / Society
Oct 18, 2023
Japan panel compiles new system for foreign technical interns
The report clearly states that the new system is aimed at “securing and developing human resources in fields facing labor shortages.”
Oil storage tanks in the Keihin industrial area in Kanagawa Prefecture. Japan relies on the Middle East for over 95% of its oil.
BUSINESS / Economy / FOCUS
Oct 17, 2023
Japan still relies on Middle East oil 50 years on from crisis
Japan's alternative oil suppliers, such as Indonesia, have seen their ability to export reduced by their own economic growth.
JAPAN / Society
Oct 17, 2023
Justice minister counting on skilled foreign workers
Accepting foreign workers with expertise and skills "helps boost Japan's economy and society," Minister Ryuji Koizumi said.
The International Monetary Fund says it sees no factors for Japan to intervene in the foreign exchange market to support the yen.
BUSINESS / Markets
Oct 16, 2023
IMF sees no conditions for Japan to intervene in currency market
Whether Japan will intervene to support the yen has been a key focus lately, with the currency staying near ¥150 per dollar.
Hiroshi Watanabe, former Japanese currency policy chief and onetime head of  the Japan Bank for International Cooperation, speaks during an interview in Tokyo.
BUSINESS / Economy / ANALYSIS
Oct 15, 2023
IMF warning on China puts 'Japanization' risk in spotlight
Stalling inflation and a deepening real estate crisis were said to be among the biggest risks to global growth during a recent IMF and World Bank meeting.

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