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May 20, 2024
 

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INFLATION

The Tokyo core consumer price index rose 2.8% in August from a year earlier, slowing for the second straight month but remaining well above the central bank's 2% target.
BUSINESS / Economy
Aug 25, 2023
Inflation in Tokyo slowed in August but stayed above BOJ target
The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 2.8% in August from a year earlier.
Gasoline prices are projected to continue rising through next week on the ramping down of subsidies and a weak yen.
BUSINESS
Aug 23, 2023
Gas prices at 15-year high as Japan government mulls subsidies
The average price for regular gasoline stood at ¥183.70 ($1.26) per liter as of Monday, advancing ¥1.80 from a week earlier.
Prime Minister Fumio Kishida speaks to reporters at the Prime Minister's Office on Tuesday.
BUSINESS
Aug 23, 2023
Kishida under pressure to spend even as debt costs rise
The prime minister pivoted away from his previous stance Tuesday by scrapping September-end plans to stop subsidies that cap gasoline prices.
Prime Minister Fumio Kishida speaks at a government task force meeting on coronavirus response on Jan. 27.
JAPAN
Aug 20, 2023
Four-year outlays on COVID and inflation relief to hit ¥68.5 trillion
Prime Minister Fumio Kishida faces the urgent task of carrying out spending reforms as the world's third-largest economy recovers from the economic slump.
Japan's core consumer inflation slowed in July but remained above the Bank of Japan's price target for the 16th straight month.
BUSINESS
Aug 18, 2023
Japan’s 'sticky' inflation trend may keep BOJ on edge over prices
Prices excluding energy and fresh food increased 4.3% from the previous year, matching the record set in May, which was the fastest since 1981.
U.S. Treasury Secretary Janet Yellen speaks at an event in Las Vegas on Monday.
WORLD / Politics
Aug 16, 2023
Yellen's Las Vegas stop shows Bidenomics can be a tough sell
Even as Americans feel the benefits, it's not clear this approach will deliver Biden the votes he needs in 2024.
Argentine presidential candidate Javier Milei (center) on stage at his campaign headquarters on the day of Argentina's primary elections, in Buenos Aires on Sunday
WORLD / Politics
Aug 14, 2023
Argentine far-right outsider posts shock win in primary election
With some 90% of ballots counted, far-right libertarian economist Javier Milei had 30.5% of the vote, far higher than predicted.
In a recent Kyodo News survey of 114 companies, including Toyota Motor and the Uniqlo clothing chain operator Fast Retailing, 82% said they project economic expansion, up from 55% the previous summer.
BUSINESS / Economy
Aug 13, 2023
Over 80% of Japan firms forecast economic growth as COVID-19 curbs removed
The survey results show optimism over Japan's economy even as firms grapple with rising material costs, with 94% of those forecasting an expansion.
People board a shinkansen at Tokyo Station on Friday
BUSINESS / Economy
Aug 11, 2023
Holidaymakers to boost spending as Japan growth at tipping point
It is a mixed bag for Japan as everyday goods have become much pricier, but pent-up demand has aided private consumption.
The Bank of Japan's attempts to dismantle ultraloose monetary policies have led to unexpected market reactions and left some investors struggling to understand the central bank's intentions.
COMMENTARY / Japan
Aug 10, 2023
The BOJ gets a new doctrine. It’s just keeping it to itself.
The BOJ is likely sincere when it says the 2% price goal is still some way off, even if one member seemingly believes it’s on the horizon.
Japan's wholesale inflation slowed in July year-on-year due to softer energy costs.
BUSINESS / Economy
Aug 10, 2023
Japan's wholesale inflation slowed in July for seventh month
The slowing pace of increases, due to softer energy utility costs, suggest pressures that drove up consumer prices are running their course.
A shopper at a Beijing grocery store in 2022. China's consumer and producer prices have both declined from 12 months ago, indicating that the world’s second-largest economy may be weakening.
BUSINESS / Economy
Aug 9, 2023
China shows signs of deflation as consumer and factory prices fall
A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on China's economic recovery.
Nominal cash earnings for workers in June rose 2.3% from the previous year, decelerating from a revised 2.9% clip in the previous month.
BUSINESS / Economy
Aug 8, 2023
Wage growth slowed in June, boosting case for BOJ to hold firm
The unexpected slowdown suggests the labor market may be losing some steam, and clouds prospects for the Bank of Japan’s sustainable inflation goal.
Yuko Kawamoto, president of the National Personnel Authority, hands a proposal to Prime Minister Fumio Kishida at the prime minister's official residence in Tokyo on Monday.
BUSINESS
Aug 7, 2023
Agency backs largest pay rise for Japan's civil servants in 26 years
It has been suggested the monthly salaries of general civil servants be raised by an average 0.96%, a big increase from the 0.23% in fiscal 2022.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference, following the central bank's policy meeting, on July 28.
BUSINESS
Aug 7, 2023
BOJ debated chance of sustained inflation at July meeting
The central bank's upbeat view on the inflation outlook suggests they are now more convinced that conditions for phasing out stimulus could fall in place.
A price board at a gas station in Tokyo shows regular gasoline at ¥180 yen per liter on Wednesday.
BUSINESS
Aug 2, 2023
Japan's average gas price rises to 15-year high on lower subsidy
The average price for regular gasoline stood at ¥176.70 per liter as of Monday, advancing ¥1.90 from July 24.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023
BOJ tweak not prelude to ultralow rates exit: deputy governor
Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference at the central bank's head office in Tokyo in April 2013.
BUSINESS / Economy
Jul 31, 2023
Ex-BOJ chief pushed for powerful monetary easing, 2013 minutes show
The BOJ releases full minutes of policy meetings a decade after they are held. Monday's release encompassed the first half of 2013.
Bank of Japan Gov. Kazuo Ueda gives a news conference in Tokyo on Friday. The BOJ jolted financial markets by loosening its grip on bond yields.
COMMENTARY / World
Jul 30, 2023
BOJ yields some control, but also throws a curveball
In trying to keep several plates spinning as it pertains to monetary policy and inflation, BOJ Gov. Kazuo Ueda steps on his message.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Friday.
BUSINESS / Economy / FOCUS
Jul 29, 2023
Tricky road ahead after BOJ moves to ease yield curve control
Some economists viewed the BOJ's move to allow long-term yields to rise above its ceiling as an "effective scrapping" or "gutting" of its yield curve control program launched in 2016.
America wasn’t made for walking, and it’s killing them
A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
Rare sequel to 'My Neighbor Totoro' to play at Cannes
A screening of "Mei and the Baby Cat Bus," which is being billed as a "mini-sequel" to the Studio Ghibli classic "My Neighbor Totoro," is set to take place at the Cannes Film Festival on Monday.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
Saudi crown prince seeks soft power in game hub Japan
Saudi Crown Prince Mohammed bin Salman welcomes Prime Minister Fumio Kishida in Jeddah, Saudi Arabia, last July.
Japan survey finds 30% of student interns experience sexual harassment
The proportion of recent graduates in Japan who have worked as interns have experienced sexual harassment during their internship was 30.1%, according to a labor ministry survey, up 4.6 percentage points from the previous survey in fiscal 2020.
Fuchu Prison adapting to foreign prisoners
From the outside, the light-brown complex that is Fuchu Prison in western Tokyo could easily be mistaken for a city hall.
The politicians moving Japan forward on climate
While not the most outspoken politician on the issue, digital minister Taro Kono has a track record of being serious in his commitment to addressing the climate crisis.
Seoul's eclectic Art OnO shines light on Japan's artists and galleries
Art OnO, which took place from April 19 to 21 in Seoul, featured a modest number of 36 participating galleries from 15 countries.
Want to be a voice actor? Stay 'true to the character'
SungWon Cho is a veteran with more than 10 years of experience portraying characters in anime, cartoons and video games.
Local theater in Japan is more than a hobby — it’s a community
Japan Times contributor Laura Pollacco (front right) was offered the role of one of her all-time favorite heroines, Elizabeth “Lizzie” Bennet, in the Tokyo International Players’ production of “Pride and Prejudice.”

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