Tag - inflation

 
 

INFLATION

The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.8% in September from a year earlier.
BUSINESS / Economy
Oct 10, 2024
Japan's wholesale inflation perks up, while yen rise eases cost pressure
The decline in import costs will likely shift the BOJ's attention to whether a more demand-driven rise in inflation takes hold in the country.
To lessen the impact from any shocks, including a U.S. economic slump, Mizuho has been buying Treasurys and other assets that are easier to sell or hedge against price falls.
BUSINESS / Companies
Oct 9, 2024
Mizuho choosing liquid assets, bracing for risk of failed U.S. soft landing
Market participants appear overconfident that U.S. policymakers will be able to tame inflation without causing a recession, the bank's co-head of global markets has said.
Finance Minister Katsunobu Kato attends an interview with media outlets at the Finance Ministry on Monday.
BUSINESS / Economy
Oct 7, 2024
Japan's new finance minister vows to finish the job as deflation czar
Katsunobu Kato's message indicates that financial conditions might remain accommodative for some time.
The average price of new condos in Tokyo's 23 wards in the first half of this year stayed over ¥100 million and a notable wave of price increases was observed in urban areas surrounding Tokyo.
BUSINESS
Oct 7, 2024
Tokyo area condo prices remain sky-high
The average price of new condos in central Tokyo's densely populated 23 wards stood at ¥108.55 million in the first half of this year.
International Monetary Fund spokesperson Julie Kozack
BUSINESS
Oct 4, 2024
IMF says Japan should keep raising rates if inflation data warrants it
Prime Minister Shigeru Ishiba said on Wednesday that Japan is not in an environment requiring an additional rate hike.
Prime Minister Shigeru Ishiba speaks during a news conference at the Prime Minister's Office on Tuesday.
BUSINESS / Economy
Oct 2, 2024
Ishiba to focus on fighting inflation ahead of election
He also aims to calm financial markets by signaling a willingness to spend flexibly in the wake of a stock market plunge following his accession in the ruling party.
Cracked ground at a farm in Lincoln, U.K. Extreme weather worldwide is pushing up prices for food staples in ways that could eventually flow through to higher grocery bills.
ENVIRONMENT / Climate change
Oct 1, 2024
Rising food costs due to extreme weather likely to drive up grocery bills
One index of nine major food products has recorded a monthly gain of more than 7% — the most since Russia’s invasion of Ukraine sent markets soaring in early 2022.
Prices of nearly 3,000 food and beverage products will rise in October, due to the soaring costs of ingredients.
JAPAN / Society
Sep 30, 2024
Food price hikes in Japan in October to be largest so far in 2024
Prices of 2,911 products from 195 major food and beverage manufacturers will be raised in October, surpassing April’s figure.
The Federal Reserve building in Washington. Federal Reserve Chair Jerome Powell said last week he felt that the pre-pandemic years during which the Fed's rate hovered near zero for years and Europe delved into the exotic world of negative rates are gone for good.
BUSINESS / Economy
Sep 27, 2024
A global hunt for neutral rates to shape world finance costs
Policymakers are exploring whether the rates required to keep inflation in check and economies growing are higher now than the ultra-low ones before the pandemic.
Shoppers in Tokyo. Consumer inflation in the capital eased in September after outgoing Prime Minister Fumio Kishida reinstated energy subsidies to help households cope with one of the hottest summers on record.
BUSINESS / Economy
Sep 27, 2024
Tokyo inflation cools as government resumes energy subsidies
The government's energy subsidies were the biggest factors behind the deceleration, knocking 0.5 percentage point off overall inflation.
Prices for Umaibo sticks will be raised to ¥15 from current ¥12 starting October.
BUSINESS / Companies
Sep 25, 2024
Umaibo to puff up prices for the second time in two years
The company said rising costs for raw materials like corn and vegetable oil left it with no choice but to adjust the price.
Traders betting on further recovery in Japanese equities are looking to any steer from the Bank of Japan that may cap the yen’s gains and support exporters.
BUSINESS / Economy
Sep 25, 2024
Japan's corporate service inflation steady, BOJ focusing on Oct data
The BOJ is closely monitoring service-sector inflation to see if demand-driven price increases are broadening enough to warrant further interest rate hikes.
Bank of Japan Gov. Kazuo Ueda indicates the central bank is in no rush to raise interest rates further.
BUSINESS / Economy
Sep 24, 2024
BOJ chief signals no rush in raising rates further
The central bank can afford to spend time scrutinizing market and overseas economic developments in setting monetary policy, Gov. Kazuo Ueda says.
The rice harvest ramped up this month and will ease a supply squeeze, but farmers and Japan’s main grain distributor have agreed to higher contract prices.
JAPAN
Sep 24, 2024
Rice inflation to persist despite harvest, as prices rise over 20% on year
Tokyo shoppers were paying 23% more than a year ago for 5 kilogram bags of rice last month, while wholesale prices have risen 28% — the biggest hike since 1975.
Rice in a field in Tambasasayama, Hyogo Prefecture in August. Rice prices jumped 28.3%, posting the largest increase since September 1975.
BUSINESS
Sep 20, 2024
Japan core consumer prices up 2.8% in August
Rice prices shot up 28.3%, electricity rates soared 26.2% and city gas rates 15.1%, following an end of government subsidies.
Tokyo's Ginza area marked the highest commercial land prices this year for the 19th consecutive year.
BUSINESS / Economy
Sep 17, 2024
Japanese average land price rises for third consecutive year
Overall land prices showed the first increase in 32 years in locations outside the three metropolitan areas of Tokyo, Nagoya and Osaka.
The total cost of cooking curry rice has topped ¥300 for the 12th straight month and is expected to exceed ¥350 per serving in August, according to a survey.
BUSINESS / Economy
Sep 12, 2024
Making a bowl of curry rice at home now costs over ¥300, survey says
The cost of the budget-friendly dish hit a record ¥342 in July, up ¥44 from the same period last year, according to a survey.
The dollar fell to an eight-month low in Tokyo trading Wednesday morning, after a Bank of Japan policymaker signaled a willingness to raise interest rates further.
BUSINESS / Markets
Sep 11, 2024
Yen leads gains versus dollar as traders weigh BOJ and U.S. debate
The yen has been in a broad appreciation trend since hitting a multi-decade low of ¥161.95 on July 3.
Growing moves by companies to pass on higher costs to consumers amid accelerating inflation are believed to have led to the decrease in bankruptcies.
BUSINESS / Companies
Sep 10, 2024
Japan business failures log first drop in 29 months in August
The figure stood below 800 for the first time in four months.
Japan's economy expanded in the April-June period at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending.
BUSINESS / Economy
Sep 9, 2024
Japan’s softer economic rebound still keeps BOJ hike in play
In noninflation adjusted terms, the economy advanced 1.8% from the previous quarter.

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