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October 04, 2024
 

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The Bank of Japan headquarters in Tokyo. This week's market turmoil underscored how difficult it is for the central bank to limit market shocks as it unwinds years of extraordinary monetary stimulus.
BUSINESS / Markets
Aug 9, 2024
Mixed messages from BOJ leave traders guessing about its true aims
Investors are wondering how much faith they can put into the Bank of Japan following comments that appear to be damage control.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on July 3.
BUSINESS / Economy
Aug 8, 2024
Bank of Japan’s surprise rate rise a real head-scratcher for some analysts
Some analysts are skeptical about consumption actually being stimulated, saying that positive wage growth will not necessarily guarantee that.
Shigeru Ishiba speaks during an interview in Tokyo on Tuesday.
BUSINESS / Economy
Aug 7, 2024
LDP bigwig Ishiba endorses BOJ's rate hikes
"The Bank of Japan is on the right policy track" in raising interest rates, Shigeru Ishiba said.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when markets are unstable.
BUSINESS / Markets
Aug 7, 2024
BOJ deputy governor plays down chance of near-term rate hike
Shinichi Uchida's remarks stand in contrast with Gov. Kazuo Ueda's hawkish comments made last week when the BOJ unexpectedly raised interest rates.
The rate of the yen against the dollar displayed in the trading room at a foreign exchange brokerage in Tokyo on April 25.
BUSINESS / Markets
Aug 7, 2024
Japan's April yen-buying intervention sets new daily record
Quarterly data from the Finance Ministry showed that Japan spent a record ¥5.92 trillion on a single-day yen-buying intervention on April 29.
An electronic stock board displaying the Nikkei 225-issue Nikkei average outside a securities firm in Tokyo on Tuesday.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound 10% following Monday’s mad rout
The yen, which had strengthened to the ¥141 mark on Monday from almost ¥162 just weeks earlier, was trading around ¥145 to the dollar on Tuesday.
Shares faced historic sell-offs at the Tokyo Stock Exchange on Monday, but some retail investors see them as an opportunity to buy the dip, betting that the downturn is temporary.
BUSINESS / Markets
Aug 6, 2024
Japan’s retail investors show resiliency despite market turmoil
Some small investors chose the opportunity to buy the dip, betting that the market downturn was temporary.
The Nikkei stock index showed a strong rebound Tuesday morning after a historic plunge a day earlier in Tokyo.
BUSINESS / Markets
Aug 6, 2024
Tokyo stocks rebound sharply in morning trading after record fall
On Monday, the Nikkei had closed down 12.40%, or 4,451.28 points — its largest points drop in history.
The Bank of Japan released minutes from its June policy board meeting Monday.
BUSINESS / Economy
Aug 5, 2024
Up rates before it’s 'too late,’ one BOJ policy board member said in June
Some members of the nine-member policy board mentioned that a weak yen could inflate import prices and put upward pressure on consumer prices.
The 225-issue Nikkei stock average dropped more than 4,000 points on Monday.
BUSINESS / Markets
Aug 5, 2024
Nikkei plunges by 12% as it registers largest-ever point fall
The drop exceeds the point fall recorded Oct. 20, 1987, the day after Black Monday in New York.
Tadanobu Kanno, the vice principal of Shoin Gakuen Fukushima High School in the city of Fukushima, goes through the itinerary of the school's trip to the Kansai region this year.
JAPAN / Society / Regional Voices: Fukushima
Aug 5, 2024
Fukushima schools hesitate to resume overseas trips
The yen's weakness and inflation have resulted in the cost of such excursions to surge — in some cases, more than double what it was prepandemic.
The Yahoo Auction website shows new banknotes selling for much higher than their face value.
BUSINESS / Economy
Aug 4, 2024
New Japanese banknotes increasingly put up for auction
Notes with features that make them a collectible are being auctioned online for prices much higher than its face value.
The Nikkei stock index saw the biggest plunge in eight years Friday following the Bank of Japan's rate hike earlier in the week.
BUSINESS / Markets / FOCUS
Aug 4, 2024
Investors take long-term view as rate hike whipsaws Japan
As the country normalizes after years of negative interest rates, corporate pricing power and higher pay for workers may spur economic growth, analysts say.
A man takes a picture of an electronic quotation board displaying the closing numbers of share prices on the Tokyo Stock Exchange on Friday.
BUSINESS / Markets
Aug 3, 2024
Tokyo stocks likely to remain volatile in coming days
The benchmark Nikkei 225 average has been forecast to move between 34,000 and 38,000.
The Nikkei 225 fell more than 2,000 points on Friday, capping a volatile week in the financial markets.
BUSINESS / Markets
Aug 2, 2024
Japanese stocks fall almost 6% just days after shock rate rise
In the span of less than a month, the 225-issue Nikkei average went from all-time records to a shocking rout.
Kazuo Momma, former assistant governor of the Bank of Japan
BUSINESS / Economy
Aug 2, 2024
BOJ likely to hike in October after big shift, former official says
The BOJ’s basic stance now seems to be that as real rates are extremely low, they can keep raising them as long as no major shock hits the economy.
A government white paper stressed the need to pay attention to the impact of interest rate hikes by the Bank of Japan on personal consumption.
BUSINESS / Economy
Aug 2, 2024
Japan warns of weak yen impact on households in government white paper
A weak yen has become a source of concern for policymakers as it has dampened consumption by inflating the cost of importing fuel, food and raw material.
Customers stand in line outside a Louis Vuitton store in Tokyo's Ginza district on July 19.
BUSINESS / Companies
Aug 2, 2024
Luxury brands count cost as shoppers from overseas enjoy weak yen discount
Goods sold in Japan by global luxury brands, ranging from designer sneakers to whisky, now tend to be cheaper in dollar terms than elsewhere.
Bank of Japan Gov. Kazuo Ueda attends a news conference after the central bank's policy meeting, in Tokyo on Wednesday.
BUSINESS / Economy
Aug 1, 2024
BOJ’s sudden hawkishness attributed to yen defense
Economists believe political pressure may have had something to do with the central bank’s shift in stance.
Toyota's hybrids are selling well in North America, making up for sluggish demand for its vehicles in Japan and China.
BUSINESS / Companies
Aug 1, 2024
Toyota quarterly profit rises 17% on year as weak yen drives U.S. demand
Despite ongoing turmoil from a government probe that found issues with vehicle certifications, analysts still project the carmaker will post a record profit this year.
Massive carry trade still lurks in the shadows and looms over markets
Traders borrow in currencies where rates are low and put that money to work in economies where rates are high, pocketing the difference.
17-year-old girl found dead in Osaka hotel room was strangled
A security camera footage shows a 17-year-old girl and a man entering a hotel in the city of Osaka on Saturday. She was found dead in the hotel room several hours later.
Blast from unexploded ordnance halts flights at Japanese regional airport
Unexploded ordnance detonates near a taxiway at Miyazaki Airport on Wednesday.
Ishiba looks to 'defense tribe' to fill key Cabinet positions
Defense Minister Gen Nakatani, 66, has experience as the onetime head of Japan’s former Defense Agency before it became a full-fledged ministry and is seen as a pair of steady hands.
Japan’s new prime minister moots minimum wage moon shot
Labor union members rally and call for an increase of the average minimum wage in Tokyo in July.
Who can challenge Onosato's dominance? Takerufuji might be the best bet.
Takerufuji, the most recent Emperor’s Cup winner apart from Terunofuji and Onosato, claimed the second-tier title in September in his first full tournament back from injury after a six-month absence.
Japan's new top diplomat calls 'Asian NATO' an idea for the future
Newly appointed Foreign Minister Takeshi Iwaya speaks during his first news conference as Japan's top diplomat at the Foreign Ministry in Tokyo on Wednesday.
Ishiba looks to 'defense tribe' to fill key Cabinet positions
Defense Minister Gen Nakatani, 66, has experience as the onetime head of Japan’s former Defense Agency before it became a full-fledged ministry and is seen as a pair of steady hands.
Investment and romance fraud cases triple in first eight months of year
The National Police Agency has noted a major rise in online investment fraud cases, incidents of which have more than quadrupled in the first eight months of this year.
A very LDP Cabinet — more of the same, despite hints of a power shift
Incoming child care policy minister Junko Mihara (center) arrives at the Prime Minister's Office in Tokyo on Tuesday. Mihara is one of only two female ministers in Prime Minister Shigeru Ishiba's Cabinet.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Wozme, founded by dancer and choreographer Wakaba Kohei, is composed of Kana Kitty, Ami Ishii, Akane Watanabe and Natsuki. Its aim is to inject elegance and beauty, traits traditionally associated with femininity, into the sometimes grotesque art form of butoh dance.
Wozme, an all-women dance troupe, wants to move the needle in butoh
By Zoria Petkoska

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