In deflation-plagued Japan, the minivehicle market has seen a surge in prices over the past decade. The average price of minivehicles with an engine displacement of 660 cc or less stood at ¥1.42 million ($13,400) as of July, up 36 percent from ¥1.04 million in ...
Fed remains a target as economy falls short of Trump's ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data show an economy in "reasonably good" shape, as the head of the central bank recently said. But behind that confusing dance ...
BOJ stands pat and trims inflation outlook ahead of expected Fed rate cut
The Bank of Japan maintained its ultraeasy monetary policy Tuesday and said it would "not hesitate" to take further measures if needed as lingering economic uncertainties cloud the global outlook. The move comes with central banks around the world expected to return to rate cuts ...
Core inflation hits two-year low in Japan, fueling stimulus calls
Falling energy prices and the bruising U.S.-China trade war are putting pressure on the BOJ — and the Fed — to act.
Core consumer prices rose 0.8 percent in May, due to higher energy costs, but the year-on-year gain slowed from the previous month despite the Bank of Japan's 2 percent inflation target, government data shows. The nationwide core consumer price index, which excludes volatile fresh food ...
Abe says his 'real' economic goals were met without hitting 2% inflation
Prime Minister Shinzo Abe said his real economic objectives, including full employment, have been achieved even though 2 percent inflation has not, pointing to a further softening of the government's commitment to a price goal seen as one of the cornerstones of Abenomics. "It's true ...
Japan holds its own debate on Modern Monetary Theory
The hottest economic doctrine around says governments should stop worrying and learn to love their public debt. Japan has been more relaxed than most — but a looming tax hike suggests it may be about to blink. Modern Monetary Theory, or MMT, posits that countries ...
Core consumer prices rose 0.9 percent in April from a year earlier due to robust demand for overseas package tours and rising energy prices, government data showed Friday. The core consumer price index, which excludes volatile fresh food items, increased for the 28th straight month ...
BOJ vows to keep rates super-low for at least a year, and trims Japan growth and inflation forecasts
In the quarterly outlook, the BOJ stuck to its view that the economy will continue to expand moderately as a trend.
Sluggish, dysfunctional Europe isn't Japan in the 1990s, but there's still reason to worry
Europe's sclerotic growth and political dysfunction inspire frequent comparisons with Japan's lost decade from the mid-1990s. The region's bout of misery this year — Germany's industrial slump and the struggle to fix its banks, Italy's inability to reform, the apparent defeat of central bankers seeking ...
Struggling to achieve 2% inflation? Then try for 3%
There's been talk of weakening support for Japan's price-increase target. Far from abandoning it, the BOJ should double down to change psychology.
