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Leika Kihara
Some regional smaller firms have decided to prioritize raising pay to retain or hire workers, even if they have not been earning sufficient profits, the Bank of Japan has said.
BUSINESS / Economy
Jul 8, 2024
Bank of Japan sees wage hikes spreading across economy
The optimistic assessment may heighten the case for the central bank to raise interest rates as soon as its next meeting on July 30 and 31.
Business sentiment among large manufacturers in Japan in the April-June quarter improved for the first time in two quarters, but the mood among big service-sector firms worsened for the first time in four years, according to a Bank of Japan survey.
BUSINESS / Economy
Jul 1, 2024
Japan's shaky business mood and GDP downgrade cloud BOJ hike timing
A mixed economic outlook complicates the BOJ's decision on how soon to raise interest rates, analysts say.
The Bank of Japan debated the chance of a near-term interest rate hike during its policy meeting in June.
BUSINESS / Economy
Jun 24, 2024
BOJ debated need for timely rate hike at June meeting, summary shows
One Bank of Japan policymaker called for an increase without delay to address risks of inflation overshooting expectations.
Japan Post Bank will expand investment into long-term government bonds to take advantage of rising yields.
BUSINESS / Companies
Jun 20, 2024
Japan Post Bank to buy more bonds in light of BOJ taper plan
Japan Post Bank has ramped up investment in JGBs with the balance of holdings totaling ¥5.15 trillion as of March, expanding 1.5-fold from levels in December last year.
Bank of Japan Gov. Kazuo Ueda said the central bank was not yet fully convinced that inflation will sustainably hit its 2% target, stressing the need to spend "a bit more time" to scrutinize data before raising rates again.
BUSINESS / Economy
Jun 18, 2024
BOJ chief signals chance of July rate hike
Such a move would depend on economic data available at the time, says Gov. Kazuo Ueda.
The corporate goods price index rose 2.4% in May from a year earlier, driven by higher prices for utilities, petroleum and chemical goods as well as nonferrous metals.
BUSINESS / Economy
Jun 12, 2024
Japan's wholesale inflation rose in May, complicating BOJ rate outlook
Price rises driven by cost pressures could cool consumption, and dampen the chances of achieving the demand-driven inflation the central bank is seeking to foster.
Seiji Adachi, member of the policy board at the Bank of Japan
BUSINESS / Economy
May 29, 2024
BOJ policymaker hints of rate hike if yen fall has big impact on inflation
While short-term currency moves alone would not trigger a policy shift, the central bank could raise interest rates if excessive yen falls persist.
Bank of Japan Gov. Kazuo Ueda (center), Bank of Italy Gov. Fabio Panetta (left) and Italy's Minister of Economy and Finance Giancarlo Giorgetti at the Group of Seven finance chiefs and central bankers' meeting in Stresa on Friday.
BUSINESS / Economy
May 26, 2024
Bank of Japan refrains from warning against yield rise to 12-year high
The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March.
A Bank of Japan survey on firms nationwide showed that many of them do not expect to be able to hire enough workers if they keep wage growth low, and see an economy where wages and inflation rise in tandem as more favorable.
BUSINESS / Companies
May 20, 2024
Japan's manufacturers want BOJ to keep yen stable, survey shows
The survey on roughly 2,500 firms underscores the importance they place on yen moves in assessing the impact of monetary policy.
People walk near the Bank of Japan headquarters in Tokyo on April 26.
BUSINESS / Economy
May 10, 2024
BOJ must avoid raising rates to combat weak yen, says ex-official
Higher borrowing costs would hit consumption and services inflation, said Tsutomu Watanabe, an expert on price trends.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after a two-day monetary policy meeting at the BOJ headquarters in Tokyo on April 26.
BUSINESS
May 9, 2024
Many BOJ board members saw need for steady rate hikes in April, records show
Some saw the chance of a faster-than-expected pace of interest rate hikes on prospects of inflation durably staying or exceeding the bank's 2% target.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a policy meeting at the BOJ's headquarters in Tokyo on March 19.
BUSINESS / Economy
May 2, 2024
BOJ saw need to let markets drive yields upon March exit: minutes
The bank ended eight years of negative interest rates and its bond yield control at its March policy meeting.
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
BUSINESS / Markets
Apr 23, 2024
Tokyo issues strong warning on yen intervention as currency dips further
Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.
Finance Minister Shunichi Suzuki (from left), U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok hold a trilateral meeting at the Treasury Department in Washington on Wednesday.
BUSINESS / Markets / ANALYSIS
Apr 20, 2024
Political heat prods Japan and South Korea to team up on weak currencies
The matter is all the more urgent with Middle East tensions threatening to push up oil prices and accelerate cost pressures.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Washington on Thursday alongside Finance Minister Shunichi Suzuki.
BUSINESS / Markets
Apr 19, 2024
BOJ's Ueda signals possible rate hike if weak yen boosts inflation
The BOJ will scrutinize how the yen's declines so far this year could affect the economy and prices, Ueda said.
Bank of Japan board member Asahi Noguchi says the pace of future rate hikes will likely be much slower that of the central bank's global peers.
BUSINESS / Economy
Apr 18, 2024
BOJ rate hikes likely to be slower than those of peers, says board member
Asahi Noguchi, known for his dovish policy views, said the impact of rising domestic wages had yet be fully passed on into prices.
Finance Minister Shunichi Suzuki (left), U.S. Treasury Secretary Janet Yellen (center) and South Korean Finance Minister Choi Sang-mok meet on the sidelines of International Monetary Fund and Group of 20 meetings, at the U.S. Treasury in Washington on Wednesday.
BUSINESS / Economy
Apr 18, 2024
U.S. nods to concerns from Japan and South Korea over slumping currencies
Washington's acknowledgement of concerns may lay the groundwork for intervention, some analysts said.
Finance Minister Shunichi Suzuki says authorities are watching exchange-rate moves closely and won't rule out any options.
BUSINESS / Economy
Apr 9, 2024
Japan warns against excessive volatility as yen slides near fresh lows
The yen briefly hit ¥151.840 to the dollar, within striking distance of the 34-year low of ¥151.975 marked last month.
A seafood restaurant at Tsukiji Outer Market in Tokyo. In a proposal to the government's top economic council, the panel urged policy changes in the face of rising domestic prices and interest rates, as well as wage growth at a 30-year high as companies face job shortages.
BUSINESS / Economy
Apr 2, 2024
Japan panel calls for shift away from stimulus-driven economy
The panel urged policy changes amid rising domestic prices and interest rates, as well as wage growth at a 30-year high as companies face job shortages.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024
How the Bank of Japan's plan for a smooth stimulus exit unfolded
The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
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