BOJ's September meeting to be watched closely for new easing

Business / Economy Aug 16, 2019

BOJ's September meeting to be watched closely for new easing

The next policy-setting meeting of the Bank of Japan, set to be held from Sept. 18 to 19, is the subject of heightened attention as observers anticipate fresh monetary-easing after the yen's recent spike against other major currencies. The yen's appreciation, which has been attributed ...

How does a negative rate policy work?

Business Aug 14, 2019

How does a negative rate policy work?

This is how a negative rate policy works and its potential pitfalls: Why have some central banks adopted negative rates? To battle the global financial crisis accelerated by the collapse of Lehman Brothers in 2008, many central banks cut interest rates to near zero. A decade ...

Japan's household spending firm but wages weaker

Business / Economy Aug 6, 2019

Japan's household spending firm but wages weaker

Household spending rose for the seventh straight month in June amid signs that resilient consumer activity could help counter the effects of weak global demand, although the consumption outlook was clouded by softer wages. The Bank of Japan is hopeful that a pickup in private ...

Negative rates hit pocketbooks of Japan's bankers

Business / Economy Jul 23, 2019

Negative rates hit pocketbooks of Japan's bankers

It's not just banks that are feeling the squeeze from the Bank of Japan's negative interest rates, their employees are too. The latest data compiled by Tokyo Shoko Research, a private firm, shows that average wages in the construction industry are now 16 percent higher ...