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November 22, 2024
 

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NEGATIVE INTEREST RATES

A record number of Japanese investors have put their money into domestic private credit deals in search of higher returns this year.
BUSINESS / Economy
Dec 12, 2023
Private credit is attracting record numbers of Japanese investors
An unprecedented 236 limited partners have provided money to private capital managers this year through September, more than triple the level of 2017.
The Bank of Japan is likely to keep its monetary stimulus settings unchanged at a two-day policy meeting ending Dec. 19, despite recent market speculation that the negative rate may be scrapped as soon as the December meeting.
BUSINESS / Markets
Dec 11, 2023
BOJ sees little need to end negative rate in December: sources
Bank officials are yet to see enough evidence of wage growth that would support sustainable inflation.
Japan’s economic recovery from the pandemic is losing momentum as overseas economies slow and sticky inflation weighs on domestic consumption.
BUSINESS / Economy
Dec 8, 2023
Japan’s deepest economic contraction since pandemic clouds path for BOJ
Gross domestic product contracted at an annualized 2.9% in the three months through September from the previous quarter as households reined in spending.
Bank of Japan Gov. Kazuo Ueda speaks to reporters after meeting with Prime Minister Fumio Kishida at the Prime Minister's Office on Thursday.
BUSINESS / Economy
Dec 7, 2023
BOJ’s Ueda meets Kishida and discusses monetary policy stance
The meeting is likely to make BOJ watchers nervous given that the central bank made a surprise policy tweak last December after similar talks.
Deputy Gov. Ryozo Himino's comments are the clearest sign so far from the BOJ’s leadership that authorities are considering what the impact would be if they ended negative rates.
BUSINESS / Economy
Dec 6, 2023
BOJ’s deputy chief hints that end of negative rate may be closer
Ryozo Himino has set out a hypothesis for what might happen if rates do indeed go positive.
Big Japanese banks are now training a generation of professional front-line staff who have little experience with rising interest rates.
BUSINESS
Dec 5, 2023
Staff at Japan's banks scramble to adjust to rising interest rates
Many younger employees have no expertise in dealing with the vagaries of a traditional inflationary environment.
The Bank of Japan board member Toyoaki Nakamura says more time is needed before the bank phases out its massive stimulus.
BUSINESS / Economy
Nov 30, 2023
BOJ policymaker says more time needed before easing can be curbed
While a continued economic recovery and tight labor market hold promise for wage growth, inflation continues to suppress down real wages.
Japan’s first trading of digital securities will begin next month in the form of security tokens issued by real estate firms.
BUSINESS
Nov 21, 2023
Japan to start digital securities trading from December
The trading of security tokens issued by real estate firms Ichigo and Kenedix will begin on the Osaka Digital Exchange.
Japanese stock markets have already rallied to around their highest since 1990, with consumer and financial stocks outperforming domestic indexes.
BUSINESS / Economy / ANALYSIS
Nov 21, 2023
Japan's inflation comeback prompts investors to tear up playbooks
Investors are tearing up their playbooks to focus on expected higher interest rates, more generous dividends and a revival in consumer spending.
Pedestrians walk past an electronic board displaying various companies' share prices, in a business district in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 20, 2023
Japan’s fiscal advisory board warns of impact of higher rates
Even small changes could have a large impact given rates are so low and Japan has the largest public debt load among developed economies.
A resurgence in market activity has already helped to boost earnings at Barclays’ Japanese securities arm this year, which is likely to surpass 2022’s record profit of ¥15.1 billion.
BUSINESS
Nov 20, 2023
Barclays expects bumper Japan profit amid struggles elsewhere
The British bank is expecting another year of record profit in Japan on the back of the country’s debt and rates market trading resurgence.
Commuters at Tokyo Station earlier this month. A Reuters poll showed six out of 10 economists expect major firms' pay hikes in 2024 to exceed this year's.
BUSINESS / Companies / ANALYSIS
Nov 20, 2023
Japan's back-to-back wage bonanza would open door for BOJ exit
The news comes as the government pushes companies to hike pay to help offset rising living costs.
Pacific Investment Management headquarters in Newport Beach, California. The bond giant says it has started building a long yen position.
BUSINESS
Nov 20, 2023
Pimco is buying yen to prepare for tighter BOJ monetary policy
The bond giant started building a long yen position when Japan’s currency weakened past ¥140 per dollar a few months ago.
Takeshi Niinami, chairman of business lobby Keizai Doyukai, says the Bank of Japan "must normalize" monetary policy.
BUSINESS
Nov 10, 2023
Japan needs to prepare for 'life with interest rates': lobby head
Takeshi Niinami, chairman of business lobby Keizai Doyukai, said the Bank of Japan "must normalize" monetary policy to help weed out incompetent firms.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Oct. 31.
BUSINESS / Economy
Nov 9, 2023
BOJ debated groundwork for future easy-policy exit at meeting
The October discussions highlight how the central bank is looking to exit its decade-long accommodative regime.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.
The Bank of Japan is holding a two-day policy meeting through Tuesday.
BUSINESS / Economy
Oct 30, 2023
Ueda faces market fallout risk as BOJ mulls yields, prices and yen
In a sign of just how fraught the discussions on policy may be, BOJ officials are likely to monitor yield movements until the very last minute.
An increasing number of middle-aged men are using currency trading apps to buy and sell the yen to get short-term profits.
BUSINESS / Markets
Oct 26, 2023
Middle-aged salarymen exploit volatile yen with smartphone trades
Smartphone traders amplify volatility in currency markets by seizing on intraday moves, departing from a previous focus on interest rate differentials.
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.
The Bank of Japan headquarters in Tokyo. Nearly 40% of respondents of the latest Bloomberg Markets Live Pulse survey said Treasurys will face the most severe impact from the BOJ shifting away from superaccommodative policy.
BUSINESS
Oct 23, 2023
When Japan ends negative rate policy, Treasurys will suffer
The Bank of Japan is likely to unwind its unusual policy of subzero rates during the first half of 2024.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia launched intercontinental ballistic missile during attack on Ukraine, Kyiv says
A Yars intercontinental ballistic missile is launched during a test from the Plesetsk cosmodrome in Northern Arkhangelsk region of Russia, in this still image captured from video released on Oct. 29.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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