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August 15, 2024
 

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KAZUO UEDA

The Bank of Japan won't be able to introduce another rate hike this year, according to former board member Makoto Sakurai.
BUSINESS
Aug 12, 2024
Ex-BOJ board member rules out another rate hike this year
Recent market upheaval and the BOJ’s reaction to it are making market participants wary about the outlook.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after the central bank's policy meeting in Tokyo on July 31.
BUSINESS
Aug 11, 2024
BOJ’s policy path fraught with risks after global market turmoil
Markets erupted with volatility within days of a BOJ rate hike on July 31.
The turmoil affecting global markets came on the heels of Bank of Japan Gov. Kazuo Ueda’s decision to raise rates, but you can't fault him given the volatile worldwide economic conditions.
COMMENTARY
Aug 6, 2024
Tokyo market rout — oops, the BOJ did it again
Japan’s central bank isn’t responsible for the bloodbath. But it’s reliving a terrible habit of hiking rates at the worst possible time.
Bank of Japan Gov. Kazuo Ueda holds a news conference at the central bank's headquarters in Tokyo on Wednesday. The bank raised rates to 0.25% in just the second hike since 2007.
COMMENTARY / Japan
Aug 1, 2024
Ueda’s big day was lost in a communication black hole
The BOJ should improve its information release process, including fixing leaks and setting fixed release times, to avoid similar issues in the future.
Taro Kono, Japan's digital transformation minister, during a Bloomberg Television interview in Tokyo, during which he mentioned that the Bank of Japan to needs to introduce a rate hike to stop the weak yen trend.
BUSINESS / Economy
Jul 29, 2024
Doves in ascendancy ahead of big Bank of Japan meeting this week
The central bank will likely hold rates where they are when it meets this week, according to analysts.
Bank of Japan Gov. Kazuo Ueda and Prime Minister Fumio Kishida show off the new banknotes in Tokyo on Wednesday.
JAPAN / Society
Jul 3, 2024
Japan releases new banknotes for first time in 20 years
The Bank of Japan plans to introduce a total of ¥1.6 trillion ($9.9 billion) worth of the new banknotes into circulation on Wednesday alone.
The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
Monitors show the rate of the yen against the U.S. dollar at a foreign exchange brokerage in Tokyo on Monday. Traders are falling out of step with the Bank of Japan, expecting hawkish steps that are instead met with a cautious approach.
COMMENTARY / Japan
Jun 24, 2024
Traders are out of step with the BOJ’s Ueda
Time and time again, traders predict that the Bank of Japan will take bold next steps, but these rarely come. That's because Gov. Ueda is, most of all, cautious.
Bank of Japan Gov. Kazuo Ueda said the central bank was not yet fully convinced that inflation will sustainably hit its 2% target, stressing the need to spend "a bit more time" to scrutinize data before raising rates again.
BUSINESS / Economy
Jun 18, 2024
BOJ chief signals chance of July rate hike
Such a move would depend on economic data available at the time, says Gov. Kazuo Ueda.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Tokyo on Friday after the central bank's policy meeting.
BUSINESS / Economy
Jun 14, 2024
Bank of Japan’s slow-walk on bond buying reduction rattles market
The yen fell over what the market saw as dithering on the central bank's reduction of its massive balance sheet.
The Bank of Japan is expected to discuss cutting bond purchases at a two-day policy meeting ending Friday.
BUSINESS / Economy
Jun 11, 2024
BOJ expected to weigh bond buying cuts as rate hike timing nears
A paring back of bond purchases would mark the BOJ’s first clear step toward quantitative tightening after pivoting away from its massive stimulus program in March.
Bank of Japan Gov. Kazuo Ueda (center), Bank of Italy Gov. Fabio Panetta (left) and Italy's Minister of Economy and Finance Giancarlo Giorgetti at the Group of Seven finance chiefs and central bankers' meeting in Stresa on Friday.
BUSINESS / Economy
May 26, 2024
Bank of Japan refrains from warning against yield rise to 12-year high
The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March.
BOJ Gov. Kazuo Ueda has talked about the potential need for a monetary policy response given foreign exchange rates’ impact on the economy. Last month, the yen touched its weakest level in 34 years, ¥160 per dollar, before rebounding.
COMMENTARY / Japan
May 20, 2024
BOJ Gov. Ueda finally toughens message on the weak yen
Though most of the factors behind the flailing currency lie outside of Japan, the central bank and Finance Ministry have some agency in determining events. They should use it.
Tokiko Shimizu, the Bank of Japan's first and only female director, has been replaced by Kazushige Kamiyama after finishing a four-year term.
BUSINESS
May 13, 2024
BOJ slips backward on diversity with all-male executive lineup
The BOJ slipped to 156th on an index of gender balance among central banks released this year.
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 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.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a policy meeting at the BOJ's headquarters in Tokyo on March 19.
BUSINESS / Economy
May 2, 2024
BOJ saw need to let markets drive yields upon March exit: minutes
The bank ended eight years of negative interest rates and its bond yield control at its March policy meeting.
Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview at the Finance Ministry in Tokyo in January 2022.
BUSINESS / Markets
Apr 30, 2024
Japan forex authorities ready '24 hours,' top currency diplomat Kanda says
Masato Kanda again declined to comment on whether the Finance Ministry had intervened to prop up the yen a day earlier.
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
BUSINESS / Markets
Apr 29, 2024
Yen rebounds strongly after first slide past ¥160 since 1990
Japan's top currency official declined to comment on Monday, when asked if authorities in Tokyo had intervened in the currency market to prop up the yen.
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
BUSINESS / Markets / FOCUS
Apr 28, 2024
When will Japan intervene to support the yen?
The yen hit a 34-year low past ¥158.40 per dollar in U.S. trading on Friday, after the BOJ announced a decision to keep its monetary policy unchanged.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.
Japan fuels U.S. LNG boom even as climate targets and impacts loom
Flaring at the Cameron LNG export terminal in Hackberry, Louisiana. Flaring, a common sight at LNG plants, is a controlled burning of gas for reasons ranging from depressurizing equipment to disposing of gas that can’t be used. The practice is a "waste of money" and negatively impacts climate change and human health, says the International Energy Agency.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Sociologist Gracia Liu-Farrer argues that even though immigration doesn't figure into Japan's autobiography, it is more of a self-perception than a reality.
In search of the ‘Japanese dream’
By Thu-Huong Ha

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mission sustainability vol.8: Omron Corp.Omron helping firms achieve carbon neutrality

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