BOJ in spotlight as yen fall may prove a debilitating blow to Japan
Consumers are feeling the lagging effects of the yen's precipitous fall since last year, as companies continue to pass on higher import costs to consumers.
Japan to issue new banknotes in July 2024, marking first renewal in 20 years
The new ¥10,000 note will feature Eiichi Shibusawa, known as "the father of Japanese capitalism," while educator Umeko Tsuda will grace the ¥5,000 note.
Japan’s inflation outpaces forecast amid focus on BOJ price view
Prices excluding those for fresh food gained 3.2% from a year ago, decelerating from a 3.4% rise in April.
Tokyo stocks end at 33-year highs after BOJ keeps ultralow rates in place
The 225-issue Nikkei stock average ended up 220.59 points, or 0.66%, from Thursday at 33,706.08, its highest close since March 9, 1990, when Japan was experiencing an asset price bubble.
BOJ maintains ultraeasy policy, but governor hints at surprises to come
After his second meeting as chief, Kazuo Ueda said that in order to deal with the changing economic environment, “a certain degree of surprise may be unavoidable.”
Yen falls to seven-month low as traders shift focus from Fed to BOJ
The U.S. Federal Reserve signaled it may have to raise interest rates further, fueling concern that the Bank of Japan’s ultraloose policy stance will fail to anchor the yen.
Goldman bumps up Japan price forecasts to widen gap with BOJ
Goldman cited a weaker yen and oil prices as major reasons for its revision.
Japan’s sticky inflation is key to a long-lasting bull market
Investors are hoping that under inflation, companies will be able to raise prices without encountering too much pushback from customers.
BOJ’s Ueda likely to hold with bond market on his side for now
Gov. Kazuo Ueda has repeatedly signaled his intention to take time before making any major changes to the central bank’s stimulus.
BOJ is said to see little need to tweak yield controls for now
The officials say inflation is running stronger than expected, a factor that raises the chance of the BOJ upgrading its inflation forecast in a quarterly economic outlook report in July.
Weak Japan wage results offer little for Kishida or BOJ
Real cash earnings for Japan’s workers dropped 3.0% from a year earlier in April, slipping for the 13th month as overtime pay showed weakness.
Rapid return of tourists to Japan helping fuel inflation for BOJ
Almost 2 million visitors arrived from overseas in April, compared with less than 140,000 a year earlier, according to Japan’s National Tourism Organization.
