Tag - finance-ministry

 
 

FINANCE MINISTRY

Japan Times
JAPAN / Politics
Dec 5, 2022
Japan to put off tax hike to cover increased defense spending
The government will set the general direction of its plan but is likely to forego deciding on a specific tax increase when it compiles the initial fiscal 2023 budget due later this month.
Japan Times
JAPAN / Politics
Dec 3, 2022
Japan eyes up to ¥43 trillion for five-year defense spending plan
The new numbers marked a compromise between the defense and finance ministries amid concerns about worsening one of the industrial world's worst debt burdens.
Japan Times
BUSINESS / Markets
Dec 1, 2022
Japan government stayed out of currency markets in November
For now, stepping back from intervention removes a potential source of conflict between Washington and Tokyo.
Japan Times
JAPAN / Crime & Legal
Nov 25, 2022
Court dismisses woman's damages claim over falsified government papers
The case centered around a former Finance Ministry bureaucrat who took his own life, allegedly after receiving orders to falsify documents.
Japan Times
BUSINESS
Nov 21, 2022
Finance Minister vows all-out efforts to fight inflation
Shunichi Suzuki said the economy is facing headwinds from accelerating inflation, driven by surging commodity prices due to Russia's war in Ukraine and the yen's sharp decline.
Japan Times
BUSINESS / Economy
Nov 8, 2022
Japan spent record ¥2.83 trillion on Sept. 22 to stop yen's fall
The country's foreign reserves, used to intervene in the market, shrank to $1.19 trillion at the end of October, separate data showed.
Japan Times
JAPAN
Nov 7, 2022
Pace of omicron vaccinations slow as sense of crisis diminishes in Japan
About 7.38 million new COVID-19 vaccines have been administered, meaning that just 5.9% of Japan's total population has received the shots, according to government data released Friday.
Japan Times
BUSINESS / Markets
Nov 1, 2022
Stealth yen intervention aims for maximum impact, says finance minister
Officials remain tight-lipped on exactly when they intervened in the market in October. Full details of their actions will not be available until quarterly intervention data is published.
Japan Times
BUSINESS / Economy
Oct 25, 2022
Japan likely spent around $6 billion for suspected Oct. 24 FX intervention
Authorities' so-called stealth intervention in rapid succession has underscored their resolve in fighting what they have characterized as 'intolerable and speculative' yen-selling.
Japan Times
BUSINESS / Markets / ANALYSIS
Oct 25, 2022
Will they or won't they? Japan turns to guessing game to shore up yen
Analysts say the strategy of staying mum keeps investors guessing on intervention, thereby discouraging speculators from testing the yen's new lows.
Japan Times
BUSINESS / FOCUS
Oct 23, 2022
Latest currency intervention highlights Japanese officials' unease over weak yen
Still, the underlying driver of the yen's weakness is unlikely to change soon, as the Bank of Japan is a laggard in the global trend of monetary tightening.
Japan Times
BUSINESS
Oct 19, 2022
Stealth intervention talk permeates market as yen approaches ¥150
Dropping to u00a5150 is seen as an important psychological level in Japan and a break may increase pressure on authorities for further action.
Japan Times
BUSINESS
Oct 17, 2022
Traders watch for response from Japan as yen approaches ¥150 against dollar
Finance Minister Shunichi Suzuki reiterated to reporters on Monday that the country will take bold action if there are speculative foreign exchange moves.
Japan Times
BUSINESS
Oct 12, 2022
Yen weakens past level that triggered last intervention
The currency fell to u00a5146.23 per dollar, surpassing the u00a5145.90 level that prompted Japan's first intervention to buy the yen since 1998.
Japan Times
BUSINESS
Oct 7, 2022
Japan's foreign reserves see record drop from market shakeup and forex intervention
Yen-buying, dollar-selling intervention has been rare in Japan which has long counted on exports of cars and electronics as a key driver of economic growth.
Japan Times
BUSINESS / Markets
Sep 30, 2022
Japan spent ¥2.84 trillion in September intervention to prop up yen
Despite an initial gain of more than 3.5% in the yen against the dollar, the surprise move hasn't reversed the currency's weakening trend.
Japan Times
BUSINESS
Sep 26, 2022
Japan finance chief reaffirms readiness to respond to yen speculation
The remark came after the government's decision Thursday to intervene in the currency market to stem yen weakness, by selling dollars and buying yen for the first time since 1998.
Japan Times
BUSINESS / FOCUS
Sep 23, 2022
Japan's intervention unlikely to stem yen's slide
The dollar remains on course to return to the u00a5145 level and possibly rise to u00a5147.66, a level unseen in more than 32 years, market analysts say.
Japan Times
BUSINESS
Sep 14, 2022
Yen rallies on reports of a BOJ precursor to intervention
Japan's currency rose more than 1% to around the u00a5143 level against the dollar after falling to u00a5144.96 early in the Asian session.
Japan Times
BUSINESS / ANALYSIS
Sep 12, 2022
As yen plunges, Japan ponders how to stop it falling further
The Bank of Japan will play a key role in shaping the currency's trajectory, but the government's ability to directly intervene is limited.

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores