Jul 2, 2014

Japan gasoline prices up for 10th week

The average retail price of regular gasoline rose ¥1.0 from a week earlier to ¥168.4 per liter as of Monday, up for the 10th straight week, the Natural Resources and Energy Agency said Wednesday. Gasoline prices rose in 46 of the 47 prefectures. Only ...

Companies expect stable inflation to set in

Jul 2, 2014

Companies expect stable inflation to set in

Companies are forecasting sustained price gains, providing support for the Bank of Japan’s campaign to generate stable inflation. They forecast inflation of 1.5 percent per year, unchanged from three months ago, the BOJ reported Wednesday. Companies see prices rising 1.6 percent from a year ...

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 ...

Jun 19, 2014

BOJ exec shrugs off tax increase slowdown fears

A Bank of Japan policymaker Thursday shrugged off the possibility that the consumption tax hike on April 1 could significantly slow the economy, echoing the central bank’s bright projections. “Although being affected by strong demand before and a decline following (the April 1 tax ...

Jun 5, 2014

BOJ must be clear on inflation goal, policymaker says

A Bank of Japan policymaker said Thursday the central bank must “avoid any misunderstanding” in financial markets over its 2 percent inflation goal, underscoring that it is not pursuing higher prices without economic improvement. “What the price stability target aims to achieve is not ...

GPIF's $200 billion push abroad to boost inflation bid

Jun 2, 2014

GPIF's $200 billion push abroad to boost inflation bid

Prime Minister Shinzo Abe’s inflation drive may get a boost as Nomura Holdings Inc. forecasts as much as $200 billion in foreign asset purchases by Japan’s pension funds will weaken the yen. Nomura predicts a sell-off of local bonds by the $1.3 trillion Government ...

BOJ steps up growth 'rhetoric'

May 31, 2014

BOJ steps up growth 'rhetoric'

Japan’s risk of spurring inflation without boosting the nation’s growth potential is raising the stakes for Prime Minister Shinzo Abe’s next round of economic restructuring measures, due in June. An economy “with low real growth rates under mild inflation” is possible, should the government ...