Japan’s economy shrank more than expected in the first quarter
10 months, 2 weeks ago

Japan’s economy shrank more than expected in the first quarter

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest economy at about 2.6%, wage growth has been slow and prices have risen partly due to weakness of the yen against the U.S. dollar. Earlier this year, the Japanese government ordered Daihatsu Motor Co. to halt production of its entire lineup because of faked safety test results. The Bank of Japan raised interest rates earlier this year for the first time since 2007, but only to a range of zero to 0.1% from minus 0.1%.

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Japan's factory activity declines accelerate, services sag, PMI shows
6 days, 21 hours ago

Japan's factory activity declines accelerate, services sag, PMI shows

Hindustan Times  

TOKYO, - Japan's factory activity fell at the fastest pace in a year in March, dragged by declines in production and new orders in a worrying sign for the economy, a private-sector survey showed on Monday. Japan's factory activity declines accelerate, services sag, PMI shows The service sector, which had been a bright spot in Japan's economy, also lost momentum, …

Japan firms set to offer large wage hikes for a third straight year
2 weeks, 4 days ago

Japan firms set to offer large wage hikes for a third straight year

Live Mint  

By Makiko Yamazaki TOKYO, - Many of Japan's biggest companies are expected to offer substantial wage hikes for a third consecutive year when they conclude talks with unions on Wednesday, seeking to help workers cope with inflation and retain staff amid labour shortages. Last year's "shunto" or "spring labour offensive" negotiations resulted in the sharpest increase in 33 years, enabling …

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending
2 weeks, 5 days ago

Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending

Hindustan Times  

TOKYO — Japan’s has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand. Japan's economy grew at a 2.2% annual rate in Oct-Dec, as consumers held back on spending The Cabinet Office said Tuesday that Japan’s real gross domestic product, which measures the …

Japan’s Inflation Speeds Up, Keeping BOJ on Rate Hike Path
1 month, 1 week ago

Japan’s Inflation Speeds Up, Keeping BOJ on Rate Hike Path

Live Mint  

-- Japan’s inflation accelerated more than expected, rising at the fastest pace since the summer of 2023 and keeping the Bank of Japan on track to raise its benchmark interest rate further. Consumer prices excluding fresh food rose 3.2% from a year earlier in January, the biggest gain since June 2023, according to the ministry of internal affairs Friday. The …

Yen Climbs to Strongest This Year Versus Dollar on BOJ Hike Bets
1 month, 1 week ago

Yen Climbs to Strongest This Year Versus Dollar on BOJ Hike Bets

Live Mint  

-- The yen hit its strongest level against the dollar since December, beating all major currencies’ performance on Thursday amid growing speculation the Bank of Japan will hike rates sooner rather than later. BOJ Board Member Hajime Takata said on Wednesday that it’s important to continue considering gradual rate hikes, while also noting that Japan’s bond yields are moving in …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

The Hindu  

Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth-largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted real GDP, or …

Japan’s economy grows more than expected on strong exports and moderate consumption
1 month, 1 week ago

Japan’s economy grows more than expected on strong exports and moderate consumption

Associated Press  

TOKYO — Japan’s economy grew at a better-than-expected annual rate of 2.8% in October-December, underlined by steady exports and moderate consumption. On a quarter-to-quarter basis, the world’s fourth largest economy grew 0.7% for its third straight quarter of growth, the Cabinet Office reported Monday in its preliminary data. For 2024, the Japanese economy eked out 0.1% growth in seasonally adjusted …

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track
1 month, 1 week ago

Japan’s Economy Outperforms Forecasts, Keeping BOJ on Track

Live Mint  

-- Japan’s economy outperformed forecasts as business spending and net trade helped fuel a third straight quarter of growth that will keep the Bank of Japan on track for further interest rate hikes. “An increase in investment and resilient consumption suggest the BOJ’s rate hikes haven’t knocked the wind out of the private sector.” — Taro Kimura, senior Japan economist …

Japan’s underlying inflation still slightly below target, BOJ governor says
1 month, 4 weeks ago

Japan’s underlying inflation still slightly below target, BOJ governor says

Live Mint  

TOKYO—Underlying inflation in Japan is still slightly below the central bank’s target of 2%, Bank of Japan Gov. “We believe that it is necessary to support economic activity by maintaining an accommodative monetary environment so that underlying inflation will gradually rise toward 2%." The BOJ governor reaffirmed that the central bank will keep raising interest rates if the economy and …

Bank of Japan hikes interest rates to highest level in 17 years
2 months ago

Bank of Japan hikes interest rates to highest level in 17 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of Japan has …

Yen gains, bond yields rise after BOJ hikes rates
Trending News
2 months ago

Yen gains, bond yields rise after BOJ hikes rates

Live Mint  

By Kevin Buckland TOKYO, Jan 24 - The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan hiked interest rates as expected and raised its inflation forecasts. The yen was about 0.5% stronger at 155.32 per dollar, after initially swinging between small gains and losses immediately after the decision, which …

Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation
2 months ago

Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation

Associated Press  

TOKYO — The Bank of Japan raised its key interest rate to about 0.5% from 0.25% Friday, noting that inflation is holding at a desirable target level. The central bank has signaled that more interest rate raises may be coming, while stressing it plans to be extremely cautious to make sure the economy holds steady. The bank is The Bank …

Bank of Japan must weigh Trump trade threats as it tightens policy
2 months, 1 week ago

Bank of Japan must weigh Trump trade threats as it tightens policy

Live Mint  

A weaker yen is typically good for Japanese exporters but could push inflation higher because the country imports much of its energy and food. While the market had long expected the BOJ to raise rates last year, unexpectedly hawkish rhetoric in the July meeting sent the Japanese yen sharply higher. The real drama lies elsewhere: Currency swings could hit Japanese …

Bank of Japan poised to raise rates to highest in 17 years
2 months, 1 week ago

Bank of Japan poised to raise rates to highest in 17 years

The Hindu  

The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis. A tightening in policy would underscore the central bank's resolve to steadily push up interest rates, now at 0.25%, to …

Yen set for best week in over a month on BOJ rate hike bets
2 months, 1 week ago

Yen set for best week in over a month on BOJ rate hike bets

Live Mint  

* Yen hovering near one-month high * Dollar on back foot as investors digest data, Waller remarks * China's GDP data due; analysts expect target of 5% to be met * Markets await Donald Trump's return to the White House By Ankur Banerjee SINGAPORE, Jan 17 - The yen was poised for its strongest weekly performance in over a month …

Yen Weakens to Lowest Since July on Fixing, Retail Selling
2 months, 3 weeks ago

Yen Weakens to Lowest Since July on Fixing, Retail Selling

Live Mint  

-- The yen slid to its weakest since July against the dollar, underperforming all major currencies, with analysts attributing the drop to Japanese retail investors’ outflows as well as to Tokyo benchmark fixing. READ: Japan’s Kato: Will Take Action Against Any Excessive FX Moves “As we’ve entered the new year, it’s possible that there was yen selling from overseas investment …

Dollar gains broadly, slips against yen as interest-rate policy in focus
3 months ago

Dollar gains broadly, slips against yen as interest-rate policy in focus

Live Mint  

-The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows against the greenback as traders continued to digest the likelihood that the Federal Reserve will make fewer rate cuts next year. Some analysts see the yen as likely to benefit next year from expected Bank of Japan interest-rate hikes while …

Japan business survey shows slight improvement in outlook for manufacturers
3 months, 2 weeks ago

Japan business survey shows slight improvement in outlook for manufacturers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A quarterly survey by Japan’s …

Why Japan is struggling to recover its economic mojo
3 months, 3 weeks ago

Why Japan is struggling to recover its economic mojo

Firstpost  

Japan’s GDP, which accounted for over 70 per cent of the US GDP in 1995, declined to just 15 per cent by 2023 Japan, with a landmass just 11 per cent the size of India’s, has historically wielded an outsized influence in shaping the destiny of Asia and the wider world. Rising literally from the ashes, Japan achieved the “Japanese …

Japan's factory activity falls at fastest pace in 8 months, PMI shows
3 months, 4 weeks ago

Japan's factory activity falls at fastest pace in 8 months, PMI shows

Hindustan Times  

TOKYO, - Japan's factory activity shrank at the fastest pace in eight months in November as soft demand prompted firms to trim production, a private-sector survey showed on Monday. Japan's factory activity falls at fastest pace in 8 months, PMI shows The final au Jibun Bank Japan manufacturing purchasing managers' index slipped to 49.0 in November, the lowest level since …

Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April
4 months ago

Japan’s Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April

Live Mint  

By Brigid Riley TOKYO, - Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan after hotter-than-expected inflation data. Meanwhile, banks and insurance stocks were boosted by prospects of the rate hike, sending Dai-ichi Life Holdings soaring 3.5% and Chiba Bank rallying 4.2% to land among …

Japan's factory activity extends declines on sluggish demand, PMI shows
4 months, 1 week ago

Japan's factory activity extends declines on sluggish demand, PMI shows

Hindustan Times  

TOKYO, - Japan's factory activity contracted for the fifth straight month in November due to sluggish demand caused by worries over China's economic slowdown and persistent cost pressures, a private-sector survey showed on Friday. Japan's factory activity extends declines on sluggish demand, PMI shows The au Jibun Bank flash Japan manufacturing purchasing managers' index slipped slightly to 49.0 in November …

Japan records a trade deficit in October for a 4th straight month, despite export recovery
4 months, 1 week ago

Japan records a trade deficit in October for a 4th straight month, despite export recovery

Associated Press  

TOKYO — Japan racked up a trade deficit in October for a fourth straight month as a weak yen and rising energy prices kept import costs high. The trade deficit, which amounts to a nation’s imports subtracted from its exports, totaled 461 billion yen last month, the Finance Ministry reported Wednesday. Exports grew 3.1% in October from a year earlier, …

Japan’s economy grows for a second straight quarter on the back of consumer spending
4 months, 2 weeks ago

Japan’s economy grows for a second straight quarter on the back of consumer spending

Associated Press  

TOKYO — Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed Friday. The world’s fourth-largest economy grew 0.2% in the fiscal second quarter, marking the second straight quarter of expansion, following 0.5% growth in April-June. Private consumption, which makes up more than half of Japan’s GDP, grew …

Japan’s economy continues to grow but at slower pace
4 months, 2 weeks ago

Japan’s economy continues to grow but at slower pace

Live Mint  

The Japanese economy managed to continue growing for a second straight quarter thanks to a recovery in consumption, although the pace slowed amid the impact of natural disasters during the summer. Japan’s gross domestic product expanded 0.2% in the three months to September from the previous quarter, preliminary government data showed Friday. Although the pace of expansion in the latest …

Japan Intervened Twice Last Quarter to Bring Yen Below 160
4 months, 3 weeks ago

Japan Intervened Twice Last Quarter to Bring Yen Below 160

Live Mint  

Japan said it stepped into the foreign exchange market twice last quarter, as speculation grows that more moves may be brewing given the recent bout of renewed yen weakness. Before the government took action in July the yen was trading past 160 per dollar, a 38-year low, partly driven by speculators betting on the wide borrowing cost gap between Japan …

Yen Dip Fuels Asian Market as Japan's Ruling Party Loses Majority
5 months ago

Yen Dip Fuels Asian Market as Japan's Ruling Party Loses Majority

Associated Press  

Japan's ruling party loses majority in Parliament's lower house, leading to a rise in Asian shares. The yen dips in the midst of political uncertainty, benefiting Japanese exporters like Toyota and Nintendo. The Nikkei 225 and S&P 500 indices rise, while the Dow Jones Industrial Average and Nasdaq composite decline. Company earnings reports are mostly positive, with most companies beating …

Japan records trade deficit on weak yen, slowing exports
5 months, 1 week ago

Japan records trade deficit on weak yen, slowing exports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan racked up a trade …

Stock market today: Asian shares are mixed and the yen slips against the dollar
5 months, 3 weeks ago

Stock market today: Asian shares are mixed and the yen slips against the dollar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The meeting between Ishiba and …

Japan's central bank survey underpins optimism about growth
5 months, 4 weeks ago

Japan's central bank survey underpins optimism about growth

Hindustan Times  

TOKYO — Business sentiment among Japan’s large manufacturers stood unchanged in the latest quarter from the previous quarter, according to a closely watched survey called “tankan” released Tuesday. Japan's central bank survey underpins optimism about growth The Bank of Japan survey put the benchmark index at plus-13 for the July-September quarter, the same from the previous survey conducted for April-June. …

Japan's central bank survey underpins optimism about growth
5 months, 4 weeks ago

Japan's central bank survey underpins optimism about growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

ASX hits new record, CBA shares close at record high, Bank of Japan keeps rates on hold — as it happened
6 months, 1 week ago

ASX hits new record, CBA shares close at record high, Bank of Japan keeps rates on hold — as it happened

ABC  

The Bank of Japan has issued this statement: At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollaterised overnight call to remain at around 0.25 per cent. On the price front, the …

Japan’s economy is growing, but political uncertainty is among the risks
6 months, 3 weeks ago

Japan’s economy is growing, but political uncertainty is among the risks

Associated Press  

TOKYO — Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday. That shows clear risks remain, including U.S. economic growth, which greatly affects export-reliant Japan. The world’s fourth-largest economy grew 0.7% in the fiscal first quarter, according …

Japan records trade deficit as surging global prices pushes imports higher
7 months, 1 week ago

Japan records trade deficit as surging global prices pushes imports higher

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan racked up a 621 …

Japan records trade deficit as surging global prices pushes imports higher
7 months, 1 week ago

Japan records trade deficit as surging global prices pushes imports higher

Associated Press  

TOKYO — Japan racked up a 621 billion yen trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from a year ago to 10.2 trillion yen, while exports grew 10% to 9.6 trillion yen, the Finance Ministry said. Exports grew to the U.S., China and Brazil, but auto exports …

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
7 months, 1 week ago

Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers

Live Mint  

The yen outperformed most of its peers in the Group of 10 Monday, rallying against the dollar in jittery trading ahead of key central bank events later in the week. The rally came amid broad weakness in the dollar, with investors on edge before Bank of Japan Governor Kazuo Ueda appears in parliament on Friday, and Federal Reserve Chair Jerome …

Japan's Nikkei makes a comeback as recession fears ease on US retail sales data
7 months, 2 weeks ago

Japan's Nikkei makes a comeback as recession fears ease on US retail sales data

Hindustan Times  

Japan's Nikkei share average climbed nearly 3% on Friday and notched its best week in more than four years, as strong U.S. retail sales data soothed fears of a recession in the world's largest economy and Japan's top trading partner. Wall Street's main indexes closed higher on Thursday after U.S. retail sales increased 1% in July following a downwardly revised …

The financial markets will disappoint your yen for stability
7 months, 3 weeks ago

The financial markets will disappoint your yen for stability

Live Mint  

As we go to press Thursday financial investors are already choosing to forget the tremors that hit global markets Monday. Then there’s the infamous yen carry trade: the process by which an investor borrows yen at Japan’s ultralow interest rates to invest in a foreign market at a higher interest rate. Globally, net credit in yen extended by a bank …

Japan's share benchmark resumes swings after calm day on Wall Street
7 months, 3 weeks ago

Japan's share benchmark resumes swings after calm day on Wall Street

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The interest rate hike, however …

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
7 months, 3 weeks ago

Japan Stock market crash: Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy

The Hindu  

Japan’s benchmark stock index plunged 12.4% on August 5, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for recession. But after Friday’s jobs report, worries are rising the Fed may have kept its main interest rate at a two-decade high for too long, raising risks of a recession in the …

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation
7 months, 4 weeks ago

Japan hikes interest rates for only second time in 17 years to shore up yen and tame inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan’s central bank has hiked …

Wednesday’s other central bank meeting might be the one to watch
8 months ago

Wednesday’s other central bank meeting might be the one to watch

Live Mint  

All eyes will rightly be on the Federal Reserve’s interest-rate decision Wednesday. There is a 41% probability that the Bank of Japan could raise rates by 0.15 percentage point, inferred from pricing of overnight indexed swaps, according to Bank of America. At the meeting this Wednesday, the Bank of Japan is also expected to outline plans to unwind its portfolio …

Japan's trade deficit for first half declines as exports recover
8 months, 1 week ago

Japan's trade deficit for first half declines as exports recover

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan posted a trade surplus …

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices
8 months, 4 weeks ago

Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices

Associated Press  

BANGKOK — Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed conditions remain sluggish. “Across all industries and firm sizes, business conditions held steady at 12, which is on past form consistent with GDP growth …

Japan signals it may prop up yen after currency falls to 38-year low
9 months ago

Japan signals it may prop up yen after currency falls to 38-year low

Al Jazeera  

Japan has signalled it may intervene to prop up the yen after the currency fell to a 38-year low against the US dollar. “We are watching moves with a high sense of urgency, analysing the factors behind the moves, and will take necessary actions.” The Japanese finance chief made his comments after the yen weakened to 160.88 against the dollar …

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
9 months, 1 week ago

Japan’s exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

Associated Press  

TOKYO — Japan’s exports surged 13.5% in May, faster than expected growth helped by a weak yen and strong demand in the U.S. and Asia. Finance Ministry data reported Wednesday showed that the trade deficit totaled 1.22 trillion yen, down nearly 12% from 1.38 trillion yen a year earlier. In fact, “most of the increase in trade values over the …

Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets
9 months, 1 week ago

Japan's exports surge 13.5% in May, helped by cheap yen and strong demand in US, Asian markets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Japan's exports surged 13.5% in …

Bank of Japan to cut buying govt bonds
9 months, 1 week ago

Bank of Japan to cut buying govt bonds

China Daily  

Pedestrians walk past the Bank of Japan building in Tokyo, Japan March 18, 2024. The Bank of Japan's recent announcement that it will reduce the scale of its long-term government bond purchases while leaving short-term interest rates unchanged is seen as a move toward monetary policy normalization by experts, who said it could alleviate some of the pressure on the …

Bank of Japan to scale down huge bond-buying programme
9 months, 2 weeks ago

Bank of Japan to scale down huge bond-buying programme

New Indian Express  

TOKYO: The Bank of Japan on Friday said it would trim its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy. The central bank kept interest rates unchanged after a two-day meeting but announced plans to "reduce its purchase amount of JGBs thereafter to ensure that long-term interest rates would be formed more …

Japan’s economy is shrinking, although slightly less than previously thought
9 months, 2 weeks ago

Japan’s economy is shrinking, although slightly less than previously thought

Associated Press  

TOKYO — The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation’s products and services, remained in negative territory, as exports …

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