Nov 28, 2014

'Abenomics' hit by more lackluster data

The government released a string of lackluster economic data Friday showing that inflation hit its lowest level for more than a year, dealing another blow to the Abe administration’s attempts to conquer years of falling prices and tepid growth. The figures come after Prime ...

Prices climb most in 32 years as wages limp along

Jun 27, 2014

Prices climb most in 32 years as wages limp along

Consumer prices climbed in May at their fastest pace in 32 years, swelled by the hike in the consumption tax and higher utility charges that are squeezing Japanese budgets as wage gains remain limited. Consumer prices excluding fresh food but not energy, rose 3.4 ...

Apr 2, 2014

Companies see prices rising by 1.5%: BOJ

Companies are expecting consumer prices to rise at an average rate of 1.5 percent year-on-year, a Bank of Japan survey showed Wednesday, falling short of the central bank’s inflation target of 2 percent. The companies also said they expect prices to rise 1.7 percent ...

Mar 26, 2014

A year into the deflation fight

A year after taking the helm of the Bank of Japan, Haruhiko Kuroda appears on course to achieving the targets he set in the quest to rein in Japan's protracted deflation and put the economy on a growth path. Unfortunately bank lending to businesses ...

Mar 11, 2014

BOJ maintains ultraeasy monetary policy, economic assessment

The Bank of Japan said Tuesday it will maintain its ultraeasy monetary policy and keep unchanged its assessment of the economy for the sixth consecutive month, saying it has “continued to recover moderately” based on the judgment that deflation is disappearing. After a two-day ...

Data signal deflation may be in mild retreat

Nov 29, 2013

Data signal deflation may be in mild retreat

The war on deflation got a boost in October with a key inflation indicator rising at its fastest pace in 15 years, new data showed Friday, as the government battles to reverse years of falling prices. Stripping out volatile food and energy prices, which ...

Jul 31, 2013

Bigger burden on households

A rising consumer price index won't do Japan's economic recovery much good if workers' wages remain stagnant. It will just increase the burden on households.