Transcripts of monetary policy discussions at the Bank of Japan in 2007, newly disclosed on Monday, show how then-Deputy Gov. Kazumasa Iwata opposed a proposal by then-Gov. Toshihiko Fukui to raise interest rates. Iwata cast his vote against the proposal to raise the policy rate ...
Victory in Japan's battle with too-low inflation looks as elusive as ever.
Naruhito Nogami, a 37-year-old systems engineer in Tokyo, drives to discount stores on weekends to buy cheap groceries in bulk, even though he earns enough to make ends meet and the prospects for Japan's economic recovery are brighter. "I do have money, but I'm frugal ...
The government-backed "Premium Friday" campaign kicked off on Friday with around 130 participating firms across the country encouraging employees to leave work early on the last Friday of each month. The government launched the initiative to boost weak consumer spending as it struggles to halt ...
The maturing of the market economy has eliminated the ability to control the economy by way of fiscal and monetary policies.
Hidden beneath the headlines about Japan's continual failure to reach its inflation target is a quiet reflation of its economy. It took almost two decades, but Japan finally notched a record for the size of its economy in 2016, one of the most significant signs ...
Japan on Friday logged its first annual consumer price decline in four years, underscoring the challenges facing Tokyo's fight to rid the world's No. 3 economy of deflation. Government data showed prices dropped 0.3 percent in 2016 from a year earlier, as weak household spending ...
Having spent more than three years and trillions of dollars in a losing battle against deflation, the Bank of Japan is hoping that a little financial education will convince a nation of inveterate savers to put their cash to better use. More than half of ...
Masayoshi Amamiya is viewed as so essential to operations at the Bank of Japan that he's known inside the central bank as "Mr. BOJ." With the shift in recent months from a blitz on deflation to a long-haul campaign that's set to outlast Gov. Haruhiko ...
Wholesale prices dropped 2.2 percent in November as lower oil prices helped drag the downtrend into its 20th consecutive month, Bank of Japan data showed Monday. The result underscores the fact that the central bank faces a difficult challenge in attaining its 2 percent inflation ...
Companies must to better at raising the wages of their employees.
The consumer price index extends its longest downturn in five years, highlighting the government’s inability to halt deflation.
