Aug 24, 2015

Abe defends BOJ after failure to achieve 2% inflation

Prime Minister Shinzo Abe on Monday defended the Bank of Japan after it failed to meet its goal of achieving 2 percent inflation in the country in April 2015. “It was unavoidable to fail to achieve the goal amid plunging crude oil prices,” Abe ...

BOJ refrains from adding stimulus as Kuroda bets on rebound

Aug 7, 2015

BOJ refrains from adding stimulus as Kuroda bets on rebound

The Bank of Japan refrained Friday from expanding monetary stimulus as Gov. Haruhiko Kuroda bets the world’s third-biggest economy will emerge from a recent soft patch and inflation will pick up. The central bank will keep increasing the monetary base at an annual pace ...

Spending slips as consumer prices inch up

Jul 31, 2015

Spending slips as consumer prices inch up

Consumer price gains in Japan remained little more than zero in June while household spending dropped, challenging the central bank’s effort to spur inflation. Consumer prices excluding fresh food rose 0.1 percent from a year earlier, fractionally better than economists estimated. The same measure ...

Jul 29, 2015

Retail sales fall for first time in three months

Retail sales nationwide declined for the first time in three months in June, sapping an economy that analysts say struggled last quarter amid sluggish exports and production. Sales slid 0.8 percent from May, when they gained 1.7 percent, government data released on Wednesday show. ...

Jul 27, 2015

Japan's economy shrank last quarter, top forecaster says


The Japanese economy likely contracted last quarter, dragged down by weak consumer spending and a slump in exports, according to a top forecaster. The world’s third-biggest economy may have shrank as much as an annualized 2.5 percent, said Yoshiki Shinke of Dai-ichi Life Research ...

Jul 6, 2015

Quarterly growth in regional economies intact, BOJ reports

The Bank of Japan on Monday maintained its assessments of eight of nine regional economies on the back of improving employment and income conditions as the country’s economy continues to recover moderately. The central bank upgraded its view on Hokkaido from the previous report ...