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Japan Economy

Japan's Factory Contraction Slows in December: Reuters PMI

Japan's manufacturing sector continued to contract in December, but at a slower pace than in November, according to a private-sector survey released Monday by S&P Global Market Intelligence. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) edged up to 49.6 in

Japan's Inflation Accelerates, But Factory Output Dips, Complicating Rate Hike Outlook

Inflation in Tokyo, Japan's capital, accelerated in December, bolstering expectations for an interest rate hike by the Bank of Japan (BOJ), as reported by Reuters. However, a decline in factory output for November suggests that softening overseas demand could be weighing on the export-reliant Japanese economy. The Tokyo

Japan Service Inflation Heats Up, Strengthening Case for BOJ Rate Hike

Service sector inflation in Japan accelerated for the second consecutive month, reaching 3.0% in November, as reported by Reuters. This data, released Wednesday by the Bank of Japan (BOJ), supports the central bank's assessment that rising wages are prompting companies to pass on higher costs to consumers.

BOJ's Ueda Sees Japan Nearing Sustainable 2% Inflation in 2025

The Bank of Japan (BOJ) Governor Kazuo Ueda believes the Japanese economy will make significant strides toward the central bank's 2% inflation target in 2025. He made these remarks on Wednesday to the business lobby Keidanren, as reported by Reuters. While this positive outlook suggests an upcoming interest

Japan 'Alarmed' by Yen's Slide, Warns of Intervention

The Japanese government is "alarmed" by recent sharp moves in the currency market and stands ready to intervene if speculative activity becomes excessive, top finance officials said on Friday, reports Reuters. This strong statement comes as the yen continues its rapid decline against the dollar. The dollar reached

Japan's Inflation Accelerates, Keeping Rate Hike Prospects Alive

Japan's core inflation accelerated in November, rising to 2.7% year-on-year, according to government data released Friday, reports Reuters. This increase, slightly exceeding analysts' forecasts, keeps pressure on the Bank of Japan (BOJ) to consider further interest rate hikes. The BOJ, which opted to keep rates steady

Bank of Japan Stands Pat, Keeping Rates Unchanged

The Bank of Japan (BOJ) on Thursday opted to keep its accommodative monetary policy unchanged, maintaining its key policy rate at 0.25% for the third consecutive meeting, reports Nikkei Asia. The decision, while expected, comes as the Japanese economy shows uneven performance and consumer inflation signals a potential cooling

Japan's Exports Surge Past Expectations, But Trump Uncertainty Clouds Horizon

Japan's exports rose more than expected in November, driven by a weaker yen and robust global demand, according to data released Wednesday by the Ministry of Finance, reports Reuters. However, businesses express growing concern that protectionist trade policies under President-elect Donald Trump could undermine future growth. Total exports

Tokyo Stock Exchange Sees Record Delistings in Quality Drive

The Tokyo Stock Exchange (TSE) is set to see a record number of delistings in 2024, with 94 companies expected to depart the market, marking the first-ever annual decrease in the number of listed companies, reports Nikkei Asia. This surge in delistings is part of a broader effort by the

Japanese Business Mood Improves Slightly, But Global Risks Remain

Japanese business confidence edged higher in the three months to December, according to a Bank of Japan (BOJ) survey released Friday, offering some reassurance to the central bank as it navigates a gradual path toward higher interest rates, reports Reuters. While sentiment among large manufacturers improved, rising to +14 from