Tag - inflation

 
 

INFLATION

Supporters of Istanbul Mayor Ekrem Imamoglu, mayoral candidate of the main opposition Republican People's Party (CHP), celebrate following early results in front of the Istanbul Metropolitan Municipality in Istanbul on April 1.
WORLD / Politics
Apr 1, 2024
Inflation delivers shock defeat for Erdogan in Turkey’s municipal vote
Higher lending costs have dented consumer sentiment but have yet to reverse the trajectory of price increases running at an annual rate of just under 70%.
Major beef bowl chain Sukiya will introduce an additional 7% late night fee starting Wednesday.
BUSINESS / Companies
Mar 30, 2024
Popular beef bowl chain Sukiya to introduce late night fees
The restaurants will from Wednesday charge an additional 7% to the bills of late-night customers coming between 10 p.m. and 5 a.m.
A man works at a supermarket in Tokyo last month. Price increases backed by higher ingredient costs have started to come back due to unstable weather, Teikoku Databank has said.
BUSINESS / Economy
Mar 30, 2024
Japan to see prices of 2,806 food items raised in April
The figure exceeds 2,000 for the first time since October last year, though down 48.1% from April last year, when prices increased for 5,404 items.
Prices excluding fresh food rose 2.4% in March in Tokyo, slowing slightly from 2.5% in February.
BUSINESS / Economy
Mar 29, 2024
Tokyo inflation slows but stays above BOJ target
Prices excluding fresh food rose 2.4% in March from a year before, slowing slightly from 2.5% in February.
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024
Bonuses at Japan's global banks underwhelm despite booming markets
Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
The record high, which reflects rising prices, was the worst since the subject was added to the poll in 2008, according to a Cabinet Office official.
BUSINESS / Economy
Mar 23, 2024
Record 63% in Japan feel financially uncomfortable, government survey finds
The result, which reflects rising prices, was the worst since the subject was added to the poll in 2008, according to a Cabinet Office official.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference on Tuesday after the central bank ended its ultra-aggressive monetary stimulus program and scrapped the world's last negative interest rate.
EDITORIALS
Mar 22, 2024
The BOJ's rate hike is both more and less than it seems
There are some fears that the BOJ's return to a positive interest rate environment threatens weak companies.
Consumer prices in Japan rose 2.8% in February from a year ago, with the pace speeding up from 2% in January, even though there have been pockets of weakness in consumer demand.
BUSINESS / Economy
Mar 22, 2024
Japan’s speedier inflation pace keeps BOJ’s next move in focus
Consumer prices excluding fresh food rose 2.8% in February from a year ago, with the pace speeding up from 2% in January.
The Bank of Japan's recent decision to abandon negative interest rates is seen more as a symbolic shift.
COMMENTARY
Mar 21, 2024
BOJ finally ditches negative rates, but this is no liftoff
It's the end of an era for the Bank of Japan as negative interest rates are phased out.
Global demand for the hardware that underpins AI has sparked an economic recovery in Taiwan, giving policymakers room to focus on battling inflation.
BUSINESS / Tech
Mar 21, 2024
AI frenzy gives Taiwan central bank room to battle inflation
Taiwan’s exports and benchmark stock indexes have gained over the past few months, even as growth in major overseas markets remains weak.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024
How the Bank of Japan's plan for a smooth stimulus exit unfolded
The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.
The Bank of Japan will decide whether to end its negative interest rate policy at its policy board meeting, which ends on Tuesday.
BUSINESS / Economy
Mar 18, 2024
BOJ’s Ueda faces decision time on rate hike
With the end of Japan's negative rate being a near certainty, the only question that remains is whether it comes on Tuesday or at the end of April.
Gold beans for sale inside a Luk Fook Holdings International jewelry store in Shanghai on Wednesday.
BUSINESS
Mar 16, 2024
Gold beans all the rage with China’s Gen Z as deflation bites
Weighing as little as 1 gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese.
BUSINESS / Economy
Mar 12, 2024
Japan firms across sectors offer pay hikes of up to 12% in spring talks
Early wage deals with unions reflect a recovery in earnings from the worst of the COVID-19 pandemic as well as a sense of crisis over labor shortages.
A poster for digital coupons at a store in the city of Fukushima
JAPAN / Society / Regional Voices: Fukushima
Mar 11, 2024
Fukushima’s welfare coupon campaign highlights digital divide
A call center dedicated to the initiative received so many calls that telephone lines were overloaded.
U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington on Thursday.
COMMENTARY / World
Mar 11, 2024
Now Biden needs to show his moderate side
President Biden used his State of the Union speech to rebuke Republicans and offer a progressive economic agenda. But will that appeal to moderate voters?
BUSINESS / Economy
Mar 8, 2024
Japan Inc. set to offer bumper pay hikes, paving way for stimulus end
Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
BUSINESS / Economy
Mar 5, 2024
Japan ministers deny report government thinking of calling end to deflation
Policymakers are focused on ensuring the economy doesn't revert to a protracted period of falling prices, they said.
The pickup in consumer prices largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
BUSINESS / Economy
Mar 5, 2024
Tokyo prices heat up again, supporting case for BOJ rate hike
Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo on Thursday.
BUSINESS / Economy
Mar 1, 2024
BOJ governor says price target not already in sight
Kazuo Ueda played down the significance of Japan’s slide back into a technical recession.

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan