Economy

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

Lodging Taxes Mulled Across Japan as Response to Overtourism; Business Community Voices Concerns About Impact

Local governments are considering charging tourists a lodging tax to help deal with overtourism, ...

July 23, 2024

Major Japanese Real Estate Companies Broaden Presence in Asia; Technologies to Tackle Environmental Issues Attracting Interest

BANGKOK — Major Japanese real estate companies are broadening their presence throughout Asia amid...

July 21, 2024

Japan Cuts Growth Forecast, Prime Minister Warns of Weak-Yen Pain

TOKYO (Reuters) - Japan's government cut this year's growth forecast on Friday as consumption too...

July 19, 2024

BOJ Underestimated Impact of 2014 Tax Hike

TOKYO (Jiji Press) — Bank of Japan policymakers were largely optimistic in the first half of 2014...

July 16, 2024

Kansai Airports to Add Slots, Flight Paths for Expo; Steps Taken to Limit Additional Noise for Residents

Kansai municipalities and other stakeholders agreed on Monday to increase takeoff and landing slo...

July 16, 2024