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BOJ¥

Citizens’ holdings of cash in the three months ended in December was down 3.4% from a year earlier in the biggest drop in the data going back to 1998.
BUSINESS / Economy
Mar 21, 2025
Japan’s households slash cash at record pace as inflation bites
The decline mostly likely reflects the wider adoption of cashless consumption as well as a rise in nominal consumer spending due to inflation.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in January in Tokyo.
BUSINESS / Economy
Mar 19, 2025
Bank of Japan holds steady at 0.5% as trade war escalates and inflation rises
The move was widely expected, with economists unanimous in seeing back-to-back rate increases as unlikely from the central bank, which made one in January.
Yields on Japanese government bonds have climbed to the highest since 2006 as traders expect the Bank of Japan to keep hiking interest rates this year while peers from the U.S. to Australia ease monetary policy.
BUSINESS / Companies
Mar 18, 2025
Pimco takes profit on Japan bond trade as interest rates rise
The American investment management firm has turned "overall neutral” on Japanese government bonds.
Bank of Japan headquarters building in February. In January, the BOJ voted to raise its short-term policy rate to 0.5% from 0.25%, taking it to the highest level since the 2008 financial crisis.
BUSINESS / Markets
Mar 17, 2025
Bank of Japan unlikely to raise rates this week as trade war intensifies
The central bank voted to raise its short-term policy rate to 0.5% from 0.25% in January, taking it to the highest level since the 2008 financial crisis.
One year on from the Bank of Japan's historic rate hike, the biggest winners are the banks.
BUSINESS / Economy
Mar 17, 2025
Banks boom and shoppers scrimp a year after Japan’s rate pivot
Higher borrowing costs are also fueling a political battle over how the government can rein in its outlays.
A worker keeps a tally of wages Wednesday in Tokyo at the head office of UA Zensen, Japan's largest industrial trade union that represents workers mostly at small and medium-sized firms.
BUSINESS / Companies
Mar 14, 2025
Japan’s unions win largest pay hike in more than three decades
Some 760 affiliated unions under the trade union federation Rengo have so far secured an average pay gain of 5.46% in ongoing annual wage negotiations.
Bank of Japan Gov. Kazuo Ueda has indicated he has little problem with the recent rising yield trend.
BUSINESS
Mar 13, 2025
Shift in BOJ stance favors free market functioning over intervention
People familiar with the central bank's policy approach say the market should decide rates, and that investors need to get used to a world without yield curve control.
A Bloomberg survey said almost three quarters of Bank of Japan watchers who responded said that U.S. tariffs could exert enough of a drag on Japan’s economy to delay the central bank’s rate hike path.
BUSINESS / Economy
Mar 12, 2025
BOJ watchers see gradual rate hikes with higher terminal rate
Economists now anticipate the terminal rate to be 1.25%, up from 1% in the previous survey.
Kazuo Momma, a former executive director in charge of monetary policy at the Bank of Japan, says June is the favored option for the central bank's next rate hike.
BUSINESS / Economy
Mar 11, 2025
BOJ’s next rate hike likely in June, former executive says
Kazuo Momma, a former executive director in charge of monetary policy, says the central bank is likely to move roughly every six months to maintain expectations.
Base pay rose by 3.1% in January from a year earlier, the largest advance since October 1992, according to the labor ministry.
BUSINESS / Economy
Mar 10, 2025
Japan records fastest gains in base pay since 1992, supporting BOJ moves
Data has also highlighted the impact of price growth, with real cash earnings falling 1.8%.
Former Bank of Japan Gov. Haruhiko Kuroda said Japan must fix "any misunderstanding" held by U.S. President Donald Trump that its central bank was intentionally weakening the yen with monetary policy.
BUSINESS / Economy
Mar 8, 2025
Japan must fix 'misunderstanding' it is manipulating yen, says ex-BOJ chief Kuroda
Trump said he had told Japan and China they could not continue to reduce the value of their currencies, as doing so would be unfair to the United States.
"It is an expanding field. We need more people,” said Kaoru Onishi, head of the global product division at Nissay Asset Management.
BUSINESS / Companies
Mar 6, 2025
Nissay Asset ramps up hiring as alternative investment booms
Japanese asset managers are trying to boost returns at a time when policymakers are encouraging households to shift their savings to investments.
The yield on Japan’s 10-year note climbed 7 basis points to 1.5%, the highest since 2009.
BUSINESS / Economy
Mar 6, 2025
German bond rout goes global as yields surge in Japan
The yield on Japan’s 10-year note climbed 7 basis points to 1.5%, the highest since 2009.
Bank of Japan Deputy Gov. Shinichi Uchida
BUSINESS / Economy
Mar 5, 2025
BOJ’s deputy chief hints at more rate hikes, without rushing
The remarks come as BOJ watchers look for hints that the next upward move could come earlier than the view that projects the move will come in the summer.
An electronic sign displays the benchmark Nikkei stock average on a street in Tokyo. The stock average has been range-bound between about 38,000 and 40,000 since hitting a new all-time high in July last year.
BUSINESS / Economy / FOCUS
Mar 3, 2025
Japanese stocks stalled at 1989 levels as investors weigh tariffs and rates
The 225-issue Nikkei stock average has been range-bound between about 38,000 and 40,000 since hitting a new all-time high in July 2024.
The higher cost of food is forcing Japanese consumers to scrimp and bargain hunt as their purchasing power drops.
BUSINESS / Economy
Mar 3, 2025
Japan’s consumers hunt for bargains as food inflation bites
The prices of staples such as rice, eggs and cabbage have all surged in the past 12 months.
Bank of Japan Gov. Kazuo Ueda speaks to the press in October in Tokyo. Ueda told parliament on Feb. 12 that the central bank is aware that food price increases are negatively affecting households.
BUSINESS / Economy
Feb 28, 2025
Odds of early rate rise increase as inflation becomes the fight in Japan
Hawkish signals sent by Bank of Japan officials over the past month or so point to such a possibility.
Consumer prices excluding fresh food in the capital rose 2.2% in February from a year earlier, the internal affairs ministry said Friday.
BUSINESS / Economy
Feb 28, 2025
Tokyo inflation slows slightly more than expected on subsidy impact
Consumer prices excluding fresh food in the capital rose 2.2% in February from a year earlier, according to the internal affairs ministry.
According to a tally released on Thursday, some 1,416 labor unions under the umbrella of the Japan Council of Metalworkers’ Union requested a monthly base salary gain of ¥14,149 ($94.84) on average in talks expected to culminate with a deal next month.
BUSINESS / Companies
Feb 27, 2025
Japan's metalworker unions demand record pay hike
The demand by Japan Council of Metalworkers’ Union is an early sign of continued momentum for pay growth in the country.
Japanese nominal wages rose at the fastest pace in nearly three decades according to data out this month, and GDP figures showed Japan’s economy outperformed forecasts.
BUSINESS / Economy
Feb 27, 2025
Yen traders raise focus on Japanese data as economy shifts gears
The news marks a mindset change since the Bank of Japan ended its negative-rates policy last March.

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Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
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