Economy

Young People Boost Once-Stagnant Perfume Sales in Japan; Interest Grow Amid Isolation, Tension of COVID Pandemic

Young people are driving a boom in the fragrance and perfume market in Japan, a country once know...

August 8, 2024

Official: Bank of Japan Won’t Raise Rates Amid Instability; Deputy Chief Says Central Bank Will Closely Observe Markets

HAKODATE, Hokkaido — The Bank of Japan will not raise interest rates while financial and capital ...

August 7, 2024

Real Wages Up for 1st Time in 27 Months

TOKYO (Jiji Press) — Japan’s inflation-adjusted real wages grew for the first time in 27 months i...

August 6, 2024

Ridesharing Restrictions in Japan to be Eased on Extremely Hot Days; Some in Govt Calling for All Restrictions to be Lifted

Ridesharing restrictions will be eased regarding the operation and number of vehicles when it is ...

August 4, 2024

Japan Issues 1st Advisories under Platform Law to Amazon, Apple

Tokyo (Jiji Press) — The Economy, Trade and Industry ministry issued its first-ever advisories un...

August 3, 2024

Japan Spends 5.5 T. Yen on Forex Intervention in June-July

Tokyo, July 31 (Jiji Press)—Japan spent ¥5,534.8 billion on foreign exchange market interventions...

August 1, 2024

Key Finance Ministry Official Kanda Retires; Fought Deprecation of Yen for 3 Years

Masato Kanda, 59, was appointed a special advisor to the Cabinet on Thursday, after having retire...

August 1, 2024

Bank of Japan’s Interest Rate Decision Likely to Affect Mortgages; Major Banks to Also Raise Rates on Ordinary Deposits

The Bank of Japan’s decision to raise its short-term interest rate target again this year will li...

August 1, 2024

Interest Rates Appear to be Back for Good in Japan; Bank of Japan Gov. Ueda Implies It’s Past Cautious Approach is Over

After years of ultralow interest rates, Japan appears to be returning to “a world with interest r...

August 1, 2024

BOJ Gov. Says Rate Hike Too Small to Harm Economy; Plan to Buy Fewer Bonds to be Subject to Interim Review

Bank of Japan Gov. Kazuo Ueda said Wednesday the increase in the policy interest rate decided by ...

July 31, 2024

Bank of Japan to Raise Interest Rate Target to 0.25%; Govt Bond Purchases to be Halved by Early 2026 (UPDATE 1)

The Bank of Japan decided Wednesday to raise its short-term interest rate target to around 0.25%,...

July 31, 2024

BOJ Decides to Cut its Monthly JGB Purchases to ¥3 trillion by End of March 2026

BOJ decides to cut its monthly JGB purchases to ¥3 trillion from ¥6 trillion by end of March 2026...

July 31, 2024

BOJ Decides to Raise Short-term Policy Interest Rate to Around 0.25%

BOJ decides to raise short-term policy interest rate to around 0.25% from range of zero to 0.1%

July 31, 2024

BOJ to Mull Raising Interest Rates to 0.25%

Tokyo (Jiji Press)—Bank of Japan policymakers will consider a plan on Wednesday to raise short-te...

July 31, 2024

Govt Panel to Propose ¥50 Raise in Average Minimum Wage; Increase Would Set Record High for 4th Straight Year

A record-high ¥50 increase in the national average hourly minimum wage is in the offing this fisc...

July 25, 2024