Tag - japanese-economy

 
 

JAPANESE ECONOMY

Shigeru Ishiba, the newly elected leader of the Liberal Democratic Party, holds a news conference after the LDP leadership election, on Friday.
BUSINESS / Economy
Sep 29, 2024
Ishiba calls for loose monetary policy amid fragile economic recovery
On fiscal policy, Ishiba said he will aim to compile a package of measures at an early date to cushion the economic blow from rising living costs.
Shigeru Ishiba, the newly elected leader of Japan's ruling Liberal Democratic Party holds a news conference after the LDP leadership election in Tokyo on Friday.
JAPAN / Politics
Sep 28, 2024
Ishiba gets down to the business of forming new administration
The incoming prime minister has reportedly decided to keep Yoshimasa Hayashi in the key post of chief cabinet secretary.
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.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Osaka on Tuesday.
BUSINESS / Economy
Sep 26, 2024
Small rate hike unlikely to hurt economy, BOJ policy board noted in July
The move came as a surprise and caused roller-coaster fluctuations in stock and currency markets.
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.
Residential buildings in the Toyosu area in Tokyo, Japan, on Feb. 11, 2023. If rising rates on real estate investment loans are seen as a burden, people may become more cautious about acquiring properties for leasing, experts warn.
BUSINESS
Sep 25, 2024
Tokyo home prices are seen to largely withstand BOJ rate hikes
The days of making large profits from property in Tokyo may be over
Toyota added ¥200 billion to a ¥1 trillion stock repurchase plan announced in May, according to an exchange filing Tuesday.
BUSINESS / Companies
Sep 24, 2024
Toyota raises buyback to ¥1.2 trillion, citing share levels
The carmaker’s operating profit for the three months ended June 30 was ¥1.31 trillion, 17% higher than a year earlier.
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.
Troops from the Ground Self-Defense Force take part in the 05JX military exercises on the island of Tokunoshima in Kagoshima Prefecture last November. While Japan's overall ranking in the 2024 Asia Power Index dropped, it scored improvements in the defense and security sphere.
JAPAN
Sep 23, 2024
Japan falls behind India to No. 4 in new Asia power survey
The 2024 Asia Power Index highlights shifting power dynamics in the region, with the U.S. still dominant but facing rising military pressure from China.
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.
The Bank of Japan headquarters in Tokyo. Analysts polled ahead of Friday were in agreement that the BOJ would choose not to make any rate adjustments.
BUSINESS / Economy
Sep 20, 2024
Bank of Japan leaves rates unchanged as Ueda signals pause
The central bank on Friday kept the uncollateralized overnight call rate steady at 0.25% following a two-day meeting of its Policy Board.
The world-beating record rally in Japanese shares this year has stalled, with a 12% plunge in both the Topix and Nikkei 225 gauges on Aug. 5 underscoring the risks of putting money into already high-flying equities.
BUSINESS / Markets
Sep 19, 2024
Japanese share sales reach 20-year high despite market rout
The share surge was driven in part by policymakers pushing companies to boost returns for their shareholders.
Japan's export growth slowed sharply in August as shipments to the United States dropped for the first time in three years.
BUSINESS / Economy
Sep 18, 2024
Japan’s export growth slows as external demand moderates
Imports climbed 2.3%, falling short of the 15% gain forecast by economists, with trade deficit widening to ¥695.3 billion.
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 Bank of Japan is holding its policy board meeting this week.
BUSINESS / Economy
Sep 17, 2024
Japan set to hold rates steady as yen rallies and LDP candidates stump
A rate hike by the Bank of Japan right after an expected cut by the Federal Reserve would cause more turbulence, UBS Securities' chief Japan economist says.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024
Yen strengthens beyond ¥140 per dollar for first time since 2023
The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
The Bank of Japan headquarters in Tokyo. Some 53% of economists surveyed by Bloomberg said the earliest timing for a rate change would be in October.
BUSINESS / Economy
Sep 13, 2024
Over half of BOJ watchers see next rate hike coming in December
The survey results show most analysts believe the market ructions after the July 31 rate hike didn't derail the BOJ from the normalization path.
Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024
Epic yen rally is a lesson in the lost art of FX intervention
Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
Pedestrians cross an intersection in the Shibuya district of Tokyo. Japan has experienced a postpandemic travel boom, with tourists pouring back in after restrictions closed the country’s borders to travelers.
BUSINESS / Economy
Sep 12, 2024
Japan jumps to No. 2, from sixth place, in Best Countries index
It jumped from 6th place on the 2023 list as a post-COVID boom and reforms helped bump it up on the subindexes used to calculate the overall score.
Suntory Holdings CEO Takeshi Niinami speaks during a Reuters Newsmaker event in Tokyo on Wednesday.
BUSINESS / Companies
Sep 12, 2024
Seven & I takeover bid shows a shift in government, Suntory CEO says
The takeover bid has also left many CEOs in Japan nervous that their companies could be next.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.