Tag - inflation

 
 

INFLATION

BOJ Governor Kazuo Ueda at a news conference in Tokyo on Jan. 23. In it, he delivered a consistent message about the bank's intentions moving forward.
COMMENTARY / Japan
Jan 29, 2024
BOJ's Ueda finds his mojo as rate message cuts through
After some growing pains, BOJ Governor Kazuo Ueda finally delivers a clear message on the bank's intentions. He should keep at it.
Core inflation in Tokyo slowed below the central bank's 2% target to hit the lowest level in nearly two years.
BUSINESS / Economy
Jan 26, 2024
Tokyo’s sharp cooling of inflation complicates BOJ’s policy outlook
Tokyo consumer prices excluding fresh food rose 1.6% in January, compared with 2.1% growth in December.
The average price of a new apartment for sale in Tokyo and surrounding areas surged 29% to a fresh high of ¥81 million in 2023.
BUSINESS / Economy
Jan 25, 2024
Tokyo apartment prices reach record high for third straight year
Prices are expected to keep climbing in 2024 even as the economy slows and the Bank of Japan looks to abandon its negative interest-rate policy.
BUSINESS / Economy
Jan 23, 2024
With meetings, Japan leader amplifies call for wage hikes at small firms
Dissatisfaction over falling real wages has been one of the factors undermining the prime minister's support rate, which remained under 30% in a series of recent polls.
Japan's core inflation stayed above the central bank's 2% target in December but slowed for a second straight month, reinforcing expectations it will be in no hurry to phase out its massive monetary stimulus.
BUSINESS
Jan 19, 2024
Japan’s slowing inflation supports case for BOJ to wait longer
Growth in consumer prices excluding fresh food slowed to 2.3% in December from a year earlier.
The Bank of Japan headquarters in Tokyo. None of 51 surveyed economists expects the central bank to raise its negative interest rate this month, with two-thirds forecasting a rate hike by April.
BUSINESS
Jan 17, 2024
Polled economists all see BOJ holding in January after quake
None of 51 surveyed economists expects the central bank to raise its negative interest rate this month, with two-thirds forecasting a rate hike by April.
At stake in this year's spring negotiations between trade unions and large Japanese firms, analysts say, is whether wages will rise far enough to ignite the sustainable inflation that policymakers consider a prerequisite for ending negative interest rates.
BUSINESS
Jan 16, 2024
Japan's top business lobby calls for worker pay raises above inflation
The call sets the tone for annual wage talks that may pave the way for the Bank of Japan to exit its ultraeasy monetary policy.
Japan's input inflation was flat in December, the weakest showing in almost three years.
BUSINESS / Economy
Jan 16, 2024
Japan’s input inflation flatlines for weakest result since 2021
Input prices were unchanged last month from a year earlier, the weakest showing in almost three years as the yen’s recent gains helped cap import costs.
Stronger annual wage negotiation results are likely to pave the way for the Bank of Japan to end its negative interest rate by this spring, a former BOJ official says.
BUSINESS / Economy
Jan 16, 2024
Wage gains of 4% would pave way for BOJ rate hike, ex-official says
Market participants are monitoring annual wage talks closely as they may be a decisive factor in prompting Japan's central bank to end the world’s last negative rate.
U.S. President Joe Biden in Charleston, South Carolina, on Jan. 8
WORLD / Politics
Jan 14, 2024
Biden refines economic pitch for 2024 in bet worst is behind him
Biden’s messaging blitz hinges on whether consumers buy it.
The yen's exchange rate against the dollar on Wednesday. The yen declined from ¥103 against the dollar in 2020 to as little as ¥151 in late 2023.
COMMENTARY / Japan
Jan 11, 2024
Is a weak yen good for Japan’s economy?
The yen's fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Dec. 19.
BUSINESS / Economy
Jan 11, 2024
OECD urges Bank of Japan to gradually raise interest rates
The central bank should thus continue efforts to make the yield curve control more flexible, the organization said.
Consumer price gains in Tokyo slowed for a second month in December.
BUSINESS / Economy
Jan 9, 2024
Tokyo inflation slows as thrifty consumers curb some outlays
Consumer prices excluding fresh food rose 2.1% in the capital, decelerating from 2.3% in November.
BUSINESS
Dec 31, 2023
Japan saw price hikes on over 30,000 food items in 2023
The figure marks a 25.7% rise from 2022, when prices went up for 25,768 food items.
Hideki Kuriyama, who guided Samurai Japan to the World Baseball Classic title in March, rings a bell during a ceremony marking the end of trading in 2023 at the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Dec 29, 2023
Japanese stocks post best yearly gain since Abenomics jolt
The benchmark Topix posted an annual return of 25%, and the 225-issue Nikkei average rallied 28%. That’s the best performance for both gauges since 2013.
Bank of Japan Gov. Kazuo Ueda addresses a council meeting at business lobby Keidanren in Tokyo on Monday.
BUSINESS / Economy
Dec 27, 2023
BOJ summary suggests Ueda can wait for wage results before hike
Bank of Japan board members discussed the potential timing of ending the negative rate policy during their meeting last week.
Business service prices for hotels rose 51.8% in November compared with the previous year, on the back of a surge in inbound tourism following the lifting of pandemic controls and domestic demand for travel.
BUSINESS / Economy
Dec 26, 2023
Japan's service price growth holds steady, maintaining 30-year high
Prices for services rising at the fastest pace since April 1992 will likely fuel speculation that the Bank of Japan may normalize policy in coming months.
Japan's core consumer prices rose 2.5% in November from a year earlier, marking the slowest pace of increase in over a year in a sign of easing cost-push pressures in the world's third-largest economy.
BUSINESS / Economy
Dec 22, 2023
Japan’s cooling inflation also offers encouraging signs for BOJ
Consumer prices excluding fresh food items rose 2.5% from a year earlier as falls in energy costs deepened and gains in processed food prices eased.
The Bank of Japan headquarters in Tokyo. BOJ Gov. Kazuo Ueda told lawmakers in parliament that his job was about to get even more "challenging” from the end of the year, adding to speculation of looming action by the central bank.
BUSINESS
Dec 15, 2023
BOJ set to stay outlier as 2024 hike seen in contrast to Fed
The Bank of Japan has become used to being a policy outlier over its decades-long quest to vanquish deflation. It’s likely to be no different in 2024.
BUSINESS / Economy
Dec 14, 2023
Japan's ruling coalition OKs tax reforms amid public skepticism
The schedule for planned tax hikes to boost defense spending was once again not made clear.

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