Japan’s corporate service inflation steady at nearly 9-year high in December
TOKYO (Reuters) – Japan’s annual business-to-business service inflation hit 2.4% in December to match the previous month’s nearly nine-year high, data showed, suggesting companies were gradually passing on rising labour costs amid…
Consumer inflation in Japan’s capital hits 33-year high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide figures, rose 3.4% in October from a year earlier, data showed on…
Japan’s stimulus plan must exceed $100 billion, says ruling party executive
TOKYO (Reuters) – Japan’s promised economic stimulus must be big enough to exceed the economy’s output gap of about 15 trillion yen ($100 billion), a senior ruling party official said on Sunday.…
Japan’s Olympus names Stefan Kaufmann as next CEO in medtech pivot
TOKYO (Reuters) – Olympus Corp said on Friday that Stefan Kaufmann would become the endoscope maker’s chief executive next year, becoming one of the few foreigners to run a major Japanese company.…
BOJ: Japan’s banking system stable but rising global rates a risk
TOKYO (Reuters) – Japan’s banking system remains stable as a whole but rising overseas interest rates could worsen the creditworthiness of highly leveraged firms, the Bank of Japan said on Friday. “Financial…
Japan’s finance minister vows ‘appropriate steps’ to tackle volatile yen moves
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Thursday the government will continue to take appropriate steps against excessive currency market volatility. “We absolutely cannot tolerate excessively volatile moves driven…
Japan’s FX diplomat vows ‘decisive’ action against volatile yen moves
By Leika Kihara WASHINGTON (Reuters) -Japan’s top currency diplomat Masato Kanda on Friday said authorities are ready to take decisive action in the currency market if excessive moves in the yen continue.…
Japan’s Oct-Dec crude steel output forecast to slip
By Yuka Obayashi and Kantaro Komiya TOKYO (Reuters) -Japan’s crude steel output is expected to fall for a fourth consecutive quarter in the last three months of the year, due to a…
Japan’s Chubu Elec to invest in Canadian geothermal venture
TOKYO (Reuters) – Chubu Electric Power Co Inc said on Friday it would invest up to 5 billion yen ($34 million) in a Canadian geothermal venture, Eavor Technologies Inc, as it moves…
BOJ to host third workshop on Japan’s price trends in November, focus on wages
TOKYO (Reuters) – The Bank of Japan (BOJ) said on Friday it will host the third session of its workshop series to analyse the country’s price moves during the pandemic on Nov.…
Japan’s cash in circulation falls for 1st time since 2012 – BOJ
TOKYO (Reuters) – Japan’s monetary base, or the amount of cash circulating in the economy, fell 3.3% in September from a year earlier, data showed on Tuesday, marking the first year-on-year decline…
Japan’s Daikin to build air conditioners in Nigeria in renewed push
TOKYO (Reuters) -Japan’s Daikin Industries Ltd will begin assembling air conditioners in Nigeria as it renews a push into Africa that had been delayed by the COVID-19 pandemic, a regional head said…
Japan’s Stanley Electric signs capital alliance agreement with Honda
TOKYO (Reuters) – Japan’s Stanley Electric has signed a capital and business alliance with Honda Motor Co to facilitate next-generation technologies for vehicles, it said on Tuesday. Stanley Electric will transfer 7.5…
History of Japan’s intervention in currency markets
TOKYO (Reuters) – Japan intervened in the currency market on Thursday for the first time since 1998 to shore up the battered yen, in the wake of the central bank’s decision to…
Japan’s average land prices rise first since pre-pandemic – govt
By Kantaro Komiya TOKYO (Reuters) – Japanese land prices rose in the 12 months to July 1 for the first time since before the pandemic, thanks to easing of measures to control…
Typhoon Nanmadol bears down on Japan’s Kyushu island
TOKYO (Reuters) – Typhoon Nanmadol bore down on Japan’s southernmost main island of Kyushu on Sunday with the Japan Meteorological Agency (JMA) warning of gales and high waves. The 14th typhoon of…
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday, citing unidentified…
History of Japan’s intervention in currency markets
TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday, citing unidentified sources, as policymakers stepped up warnings…
Explainer-What would Japan’s currency intervention to combat a weak yen look like?
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s government said it was ready to take action if “rapid, one-sided” moves in the currency market continue, signalling their alarm over the…
Japan’s ex-FX diplomat: No need for intervention to back yen
By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO (Reuters) – Japan need not intervene in the exchange-rate market to stem yen falls, as such a move would be ineffective in countering broad dollar…
Japan’s services sector shrinks for first time in five months in August – PMI
TOKYO (Reuters) – Japan’s services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, a business survey showed. The contraction shows…
Japan’s Universal Entertainment takes over operations of Okada Manila casino
MANILA (Reuters) – Japan’s Universal Entertainment Corp said on Sunday its local representatives in the Philippines have taken over the operations of the Okada Manila gambling resort, the latest step in a…
Japan’s Q2 GDP likely revised up on robust capex, outlook murky: Reuters poll
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely expanded more than initially estimated in April-June thanks to solid business spending, a Reuters poll showed, but growth prospects in the current quarter…
Japan’s jobless rate flat at 2.6% in July – govt
TOKYO (Reuters) – Japan’s jobless rate was steady at 2.6% in July, while the availability of jobs grew for the seventh straight month to a more than two-year high, government data showed…
Japan’s wage growth to lag inflation over next 12 months: Reuters poll
By Daniel Leussink TOKYO (Reuters) – Japanese wages are unlikely to grow as much as nationwide consumer prices over the coming year, almost 80% of economists said in a Reuters poll, which…
Japan’s factory output likely fell back into contraction in July- Reuters poll
TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as manufacturers struggled to shake off the drag…
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