With predictions of rising inflation, trade unions say workers deserve a 5% pay rise. Meanwhile, BOJ reviews monetary policy against the threat of recession.
Long-term interest rates and the value of the yen spiked in response to the abrupt policy shift by the Bank of Japan. Meanwhile, stock prices plummeted.
"Market mechanisms are always followed by tears and laughter," says Sojitz Research Institute Chief Economist Tatsuhiko Yoshizaki on the weak yen.
To counter the yen’s depreciation, the Kishida government must provide financial help to households and businesses, and request firms to raise wages.
The strong US dollar is weighing on the global economy, including developing economies whose currencies are declining and foreign debt burden increasing.
The Bank of Japan is considering digital currency to keep pace with the United States and respond to China's pursuit of controlling the digital global standard.
Despite a looming US recession, traders crave the dollar, causing trouble for the currencies of Japan and China, which are also impacted by the war in...
To deliver his promise of “a new form of capitalism” after winning the election, Fumio Kishida should focus on reform, rather than embroil the government in...
Prime Minister Shinzo Abe on Thursday, February 27, called for a temporary closure of all public schools in Japan to prevent the spread of the novel...
Monetary policies will have to be considered as the spread of the novel coronavirus presents “the biggest uncertainty for Japan’s economy,” Bank of Japan (BoJ)...
Japan has been experiencing low inflation and deflation since the 1990s, and the Bank of Japan (BoJ) has been fighting deflation ever since. It is...
More than once this writer has come out with the view that the government should drop the planned consumption tax rate hike slated to rise...