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May 20, 2024
 

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INFLATION

The Bank of Japan is considering raising its inflation outlook for the current business year, which runs to March, to near 3%.
BUSINESS / Economy
Oct 10, 2023
BOJ considering higher inflation outlook, at near 3%, sources say
An upward revision would reflect price hikes broadening further than expected, rising crude oil prices and the yen's impact on import prices.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo in September.
BUSINESS / Economy
Oct 9, 2023
Wage hikes key for BOJ policy normalization
Wage growth trends during next year's spring labor-management negotiations will be closely watched for indicators.
U.S. President Joe Biden joins members of the United Auto Workers union as they strike in Belleville, Michigan, on Sept. 26 to demand higher wages.
COMMENTARY / World
Oct 8, 2023
Down on the Biden economy: Why Americans aren't happy
The U.S. economy is doing well. Why, then, are people not satisfied? The answer lies in their pockets.
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
BUSINESS / Economy
Oct 4, 2023
Surging Tokyo property prices squeeze out young professionals
The average price for a new condominium in central Tokyo rose 60% to a record ¥129.6 million ($865,000) in the first half of this year.
Passengers line up to board a bullet train at Tokyo Station in August.
JAPAN
Oct 4, 2023
Shinkansen rail pass prices soar 70% for tourists
Even with the big increase, demand is likely to stay strong thanks to a cheaper yen and steady flow of inbound visitors.
Bank of Japan board members discussed progress toward their inflation target and the need to put together an exit strategy in their September policy meeting.
BUSINESS / Economy
Oct 2, 2023
BOJ board members see price goal progress and need to plan exit
The comments are likely to strengthen expectations among BOJ watchers that the central bank will adjust policy in early 2024.
Prices of over 4,500 food items are set to increase in October, with the number falling by half when compared with a year ago, but still adding to the pain already felt by consumers.
JAPAN
Sep 29, 2023
Price hikes and tax-related rule changes await Japan in October
The persisting effects of a weaker yen, which inflates the prices of imported raw materials, are largely blamed for the price hikes.
Core inflation in Tokyo slowed in September for the third straight month, mainly on falling fuel costs, but there are concerns the weak yen may push up import costs and the price of basic goods.
BUSINESS
Sep 29, 2023
Tokyo inflation slows on subsidies, supporting BOJ policy stance
BOJ Gov. Kazuo Ueda re-emphasized this week that the goal of achieving 2% inflation accompanied by wage gains had not yet come into sight.
Customers load their shopping into a vehicle at a New World supermarket in Wellington, operated by Foodstuffs New Zealand.
ASIA PACIFIC / Crime & Legal
Sep 27, 2023
Cost-of-living stress fuels crime wave in Australia and New Zealand
While the thefts are brazen, organized and increasingly violent, experts say the shoplifting underscores the hardship many people are facing.
Prime Minister Fumio Kishida attends a Cabinet meeting at the Prime Minister's Office on Tuesday.
BUSINESS / Economy
Sep 26, 2023
Kishida urges ministers to use all tools in new economic package
Kishida said Japan is at a critical phase of shifting from a "cost-cut" economy to a virtuous cycle of pay hikes and proactive corporate investment.
The Osaka Expo will be held on the man-made island of Yumeshima in Osaka Bay in 2025.
JAPAN
Sep 25, 2023
Osaka Expo organizer to raise construction cost estimate again
In December 2020 it was announced that the cost of building the venue would reach ¥185 billion, exceeding the initial estimate of ¥125 billion.
Bank of Japan Gov. Kazuo Ueda during a news conference at the central bank's headquarters in Tokyo on Friday
BUSINESS / Economy
Sep 22, 2023
BOJ maintains its dovish monetary easing amid policy speculation
Comments by Gov. Kazuo Ueda in an interview earlier this month had sparked speculation that the BOJ might move to change policy at an earlier date.
Japan's core inflation was steady in August and stayed above the central bank's 2% target for a 17th straight month, a sign of broadening price pressure that could heighten the case for an exit from ultraeasy monetary policy.
BUSINESS / Economy
Sep 22, 2023
Japan's core consumer prices in August up 3.1% on year
The rate of increase in the key gauge of inflation was unchanged from July after energy prices dropped 9.8% from a year earlier.
British consumers have seen the price of a classic English breakfast — with ingredients like bacon, sausages, orange juice, baked beans and mushrooms — increase by almost 12%.
BUSINESS / Economy
Sep 21, 2023
Brits see cost of English breakfast soar amid food inflation
The total cost of a basket of goods needed to make the fry-up rose by 57 pence, almost 12%, to £36.15 in August.
Prime Minister Fumio Kishida speaks at a news conference in New York on Wednesday.
BUSINESS / Economy
Sep 21, 2023
Kishida to outline economic support measures next week
Speaking in New York, Kishida warned that Japan’s economic situation remains unstable.
Prime Minister Fumio Kishida speaks during a news conference last Wednesday following a Cabinet reshuffle.
BUSINESS / Economy
Sep 20, 2023
Kishida may reveal priority areas for economic package next week
The size of an envisaged fiscal 2023 state supplementary budget to finance the economic measures will be a major focus, informed sources said.
The Meidi-ya Ginza commercial building in Tokyo is pictured on Sept. 12.
BUSINESS / Economy
Sep 19, 2023
Residential land prices in regional Japan up for first time in 31 years
Across Japan, average overall land prices climbed 1.0% for the second consecutive year of increase.
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Sep 19, 2023
A strike, a shutdown and student loans may cool spending for Fed
Some economists say the resumption of student loan repayments for tens of millions of borrowers may already be reshaping behavior.
The Bank of Japan's headquarters in Tokyo
COMMENTARY / Japan
Sep 19, 2023
The Bank of Japan faces a monetary policy conundrum
The BOJ may need to interpret the 2% price stability target more flexibly.
Bank of Japan officials view Gov. Kazuo Ueda’s scholarly communication style as the most obvious difference from the previous governor.
BUSINESS / Economy
Sep 19, 2023
Ueda abandons ‘shock and awe’ on path toward BOJ normalization
BOJ officials view Ueda’s scholarly communication style as the most obvious difference from the previous governor.
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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