Japan's 0.5% wage increase last year the biggest since 2010

Feb 6, 2017

Japan's 0.5% wage increase last year the biggest since 2010

The wallets of Japan’s workers ended up a bit fatter last year, with total earnings rising the most since 2010. Total pay rose 0.5 percent from the previous year to an average ¥3.78 million ($33,673), while the number of hours worked dropped. Regular workers ...

BOJ lifts assessment of three regional economies

Jan 16, 2017

BOJ lifts assessment of three regional economies

The Bank of Japan on Monday lifted its economic assessment of three of the country’s nine regions, citing a pickup in consumer spending. “The effects of the decline in stock prices after early 2016 and of the irregular weather seen that summer has waned,” ...

Jan 16, 2017

Wholesale prices logged 3.4% drop in 2016

Wholesale prices in 2016 fell 3.4 percent to log their second consecutive annual decline as the yen advanced and crude oil prices sank on the back of slowdowns in China and other emerging economies, the Bank of Japan said Monday. The data cast a ...

Household spending drops for ninth consecutive month

Dec 27, 2016

Household spending drops for ninth consecutive month

The nation’s household spending declined for the ninth consecutive month in November, the government said Tuesday, reflecting consumers’ continuing preference to save money rather than spend. The government also said the unemployment rate remained low at 3.1 percent in November despite a 0.1 point ...

Bank of Japan caps tumultuous year with upgrade to outlook

Dec 20, 2016

Bank of Japan caps tumultuous year with upgrade to outlook

The Bank of Japan closed a tumultuous year for monetary policy with an upgrade to its assessment of the economy while keeping its yield-curve and asset-purchase programs unchanged. After the board’s first policy meeting since the election of Donald Trump, the BOJ forecast a ...