Tag - inflation

 
 

INFLATION

Inflation in Japan’s corporate goods prices accelerated to the fastest pace in 16 months, an outcome that points to growing inflationary pressure in the economy and supports the central bank’s further normalization of policy.
BUSINESS / Economy
Dec 11, 2024
Japan's wholesale inflation accelerates, keeping BOJ rate-hike plan in focus
Agricultural and fishery goods prices spiked 31% in November from year-before levels, after a 28.1% gain in October, due largely to the soaring price of rice.
Dining habits have changed since the end of the COVID-19 pandemic, with alcohol consumption experiencing a drop.
BUSINESS / Economy
Dec 9, 2024
Hundreds of izakaya going bust as prices rise and customers change
In the first 11 months of this year, 203 of these establishments went out of business, more than the entire year of 2020 when COVID-19 became a pandemic.
Prime Minister Shigeru Ishiba delivers his policy speech at the Lower House on Nov. 29.
JAPAN / Politics
Dec 9, 2024
Japan's government submits ¥13.9 trillion extra budget for fiscal 2024
The budget will finance a comprehensive economic package that includes measures to tackle inflation and aid for areas affected by natural disasters in the Noto Peninsula.
A residential area of Tokyo. Rising prices has made it difficult for the child-rearing generation to secure large houses in the capital.
JAPAN / Society
Dec 7, 2024
Tokyo government considering fund for housing support
The planned fund will provide necessary financial aid for private businesses to develop affordable housing.
JR East Executive Vice President Chiharu Watari speaks during a news conference in Tokyo on Friday.
BUSINESS
Dec 6, 2024
JR East applies to raise fares by average of 7% in March 2026
The company plans to raise standard fares by 7.8%, commuter passes by 12% and student commuter passes by 4.9%.
The Bank of Japan regularly sells government bonds with repurchase agreements to boost liquidity.
BUSINESS / Economy
Dec 4, 2024
BOJ sells 10-year cash bonds to ease shortage tied to futures
The BOJ owned ¥8.03 trillion of the bonds due in March 2032 as of Nov. 29, down from ¥8.23 trillion on Nov. 20.
Resona's loan balance for SMEs was up 4.9% by the end of September from a year earlier, compared with just 1.1% growth in the 12 months through September 2023.
BUSINESS / Companies
Dec 2, 2024
Resona says inflation is boosting SME loan demand and pay hikes
SMEs make up the bulk of Resona's client base, giving the bank insight into the state of firms that account for most of the employment in Japan.
The average price of osechi traditional food for the 2025 New Year stood at ¥27,826 ($185), a 1.3% increase — or ¥360 — compared with that for the 2024 New Year.
JAPAN / Society
Dec 2, 2024
Osechi ryōri prices climb for a third consecutive year
The latest increase, at ¥360 ($2.40), is the smallest in three years, at less than half the increase for the 2024 New Year.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 30, 2024
BOJ's Ueda says rate hike timing 'approaching,' Nikkei reports
The remarks reinforce growing market expectations that the BOJ will raise its short-term policy rate from the current 0.25% as soon as its next meeting on Dec. 18-19.
The Bank of Japan's headquarters in Tokyo
BUSINESS / Economy
Nov 29, 2024
Stimulus staved off years of deflation, BOJ study says
The study found that monetary stimulus beginning in 2013 boosted the level of gross domestic product by as much as 1.8 percentage point on average through this year.
Commercial buildings in the Shibuya area of Tokyo
BUSINESS / Economy
Nov 29, 2024
Consumer inflation speeds up amid BOJ rate hike speculation
Overall inflation sped up to 2.6%, as food prices also pushed up the gauge, also outpacing economist expectations.
Japanese food makers plan to raise prices for 109 items in December, a survey released by research company Teikoku Databank on Friday showed.
BUSINESS / Economy
Nov 29, 2024
Japanese food makers to raise prices for 109 items in December
The total number of food items subject to price increases throughout 2024 is expected to fall by about 60% from the previous year to 12,520.
The services producer price index rose 2.9% in October from a year earlier, the Bank of Japan data shows, accelerating from a 2.8% gain in September.
BUSINESS / Economy
Nov 26, 2024
Japan's steady corporate service inflation bolsters BOJ rate-hike view
The Bank of Japan is watching service-sector inflation for clues on whether demand-driven price gains are broadening enough to justify further raising interest rates.
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
JAPAN
Nov 22, 2024
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
The total includes about ¥202 million for the "Renso-no-gi" main funeral ceremony to be held at the Toshimagaoka cemetery on Tuesday.
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
BUSINESS / Economy
Nov 22, 2024
Japan approves ¥21.9 trillion stimulus plan
Combined with expected spending from the private sector, this year’s package is estimated to add a total of ¥39 trillion to the economy.
Japan's core inflation held above the Bank of Japan's 2% target in October, keeping pressure on the central bank to raise its still-low interest rates.
BUSINESS / Economy
Nov 22, 2024
Inflation held above BOJ target in October, supporting winter rate hike
Food companies raised the prices of 2,911 items, with processed food prices increasing by 3.8% while rice prices rose 60%.
Amid a slowing economy, Beijing has avoided large-scale fiscal stimulus to prevent further debt buildup, focusing instead on modest measures to alleviate regional financial stress without adding new borrowing.
COMMENTARY / Japan
Nov 21, 2024
No, China doesn’t really have a debt crisis
Beijing is gun-shy about fiscal stimulus due to concerns more debt will build up. This thinking is muddled.
Bank of Japan Gov. Kazuo Ueda gives a speech in Nagoya on Monday. Ueda's signaling remains vague and noncommittal, further muddying the outlook for December.
BUSINESS / Economy
Nov 20, 2024
Dithering in December could cost Bank of Japan yen stability
For some analysts, the central bank is all but certain to raise rates next month, though others think it might be too early.
Prices will increase for about 60% of Sukiya menu items starting Nov. 22 due to a recent rise in the price of Japanese rice, the fast-food restaurant operator Zensho Holdings said in a statement Monday.
BUSINESS / Companies
Nov 19, 2024
Sukiya operator Zensho sees shares rise ahead of beef-bowl meal price hike
Prices will increase for about 60% of Sukiya menu items starting Nov. 22 due to a recent rise in the price of Japanese rice, the company said Monday.
Bank of Japan Gov. Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices during a speech in Nagoya on Monday.
BUSINESS / Economy
Nov 18, 2024
Yen weakens after Ueda’s caution on BOJ rate hike hints
The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji