Japan’s inflation slowed in June, highlighting the task Bank of Japan Gov. Haruhiko Kuroda faces in reaching his 2 percent target. Consumer prices excluding fresh food but not energy rose 3.3 percent from a year earlier after a 3.4 percent gain in May, the ...
Japan is closer to conquering chronic deflation with monetary policy working as hoped, Bank of Japan Deputy Gov. Hiroshi Nakaso said Wednesday. “Japan’s economy is likely to achieve an inflation rate of about 2 percent in or around fiscal 2015, and thereafter gradually shift ...
Economic growth of 2 percent this quarter will be enough to allow Prime Minister Shinzo Abe to proceed next year with an increase in the consumption tax to 10 percent, a Bloomberg survey shows. The Abe administration has indicated he will make a decision ...
Toyota Motor Corp. is considering raising vehicle prices in emerging markets to offset the impact of weakening local currencies, according to a source. Depreciating currencies in Brazil and other growth markets on the back of the tapering of U.S. monetary stimulus are eating into ...
Prices for grilled eel are finally dropping thanks to a rebound in populations of the fish here and abroad. Supermarkets in Japan are starting to sell the summer specialty at bargain prices ahead of the Day of the Ox on July 29, when they ...
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 ...
A recent increase in land prices reflects growing demand from buyers seeking yield and location, unlike during the bubble economy period in the late 1980s and early 1990s, when it was speculators who drove prices higher, the government said Tuesday. In its 2014 white ...
Two months after the sales tax hike, Japan risks triggering "bad inflation," a toxic combination of declining demand and rising prices.
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 ...
The core consumer price index for central Tokyo jumped 2.7 percent on year in April, the sharpest increase in 22 years, as the consumption tax hike to 8 percent from 5 percent raised prices on April 1, government data showed Friday. For the capital’s ...
Hirotaka Sekiguchi dresses his “wagyu” calves in T-shirts and jackets to protect them against the spring chill and an expected avalanche of cheap foreign beef. The 59-year-old Sekiguchi pampers the 320 cattle on his feedlot in the town of Kamisato, Saitama Prefecture, with customized ...
Employees of online shopping mall Rakuten Inc. instructed merchants to falsify prices of products in violation of consumer protection laws, according to some of the Internet mall’s tenants. Rakuten revealed the price mislabeling last November for special sales honoring the victory by the Rakuten ...
