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Japanese economy

Tokyo remains third in global city index for ninth consecutive year

by Merchant Moller
Tokyo remains third in global city index for ninth consecutive year

Tokyo ranked third for a ninth consecutive year in the Global Power City Index released by the Mori Memorial Foundation on Tuesday. London and New York retained the top two …

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BOJ quarterly survey likely to show weaker business sentiment in Japan

by Mark McDuffie
BOJ quarterly survey likely to show weaker business sentiment in Japan

The Bank of Japan’s tankan quarterly survey for December, due out Friday, is expected to show slightly weaker business sentiment among both major manufacturers and nonmanufacturers, according to forecasts by …

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Japan’s current account surplus declined 13% in October

by Merchant Moller
Japan’s current account surplus declined 13% in October

Japan’s current account surplus declined 13% in October from a year earlier to ¥2.46 trillion, partly because the services trade balance slipped into the red, a preliminary Finance Ministry report …

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Japan’s government submits ¥13.9 trillion extra budget for fiscal 2024

by Mark McDuffie
Japan’s government submits ¥13.9 trillion extra budget for fiscal 2024

The government submitted to parliament on Monday its fiscal 2024 draft supplementary budget, with ¥13.94 trillion ($92.97 billion) in general-account spending. The budget will finance a comprehensive economic package, the …

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Stimulus staved off years of deflation, BOJ study says

by Merchant Moller
Stimulus staved off years of deflation, BOJ study says

Japan could have faced deflation for several years starting around 2016 without the Bank of Japan’s massive monetary stimulus program, according to research published by the central bank. The result …

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Rengo to demand wage hike of 6% or more for smaller firms in 2025

by Merchant Moller
Rengo to demand wage hike of 6% or more for smaller firms in 2025

Urayasu, Chiba Pref. – The Japanese Trade Union Confederation, or Rengo, said Thursday that it will demand a pay increase of 6% or more for small and midsize companies in …

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Trump tariffs may target Japanese cars, economist says

by Mark McDuffie
Trump tariffs may target Japanese cars, economist says

New York – Incoming U.S. President Donald Trump may impose tariffs on Japanese cars exported to the United States, Stefan Angrick, a senior economist at Moody’s Analytics, said in a …

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Tokyo Metro raises $2.3 bln in Japan’s biggest IPO in 6 years

by Merchant Moller
Tokyo Metro raises .3 bln in Japan’s biggest IPO in 6 years

Tokyo Metro has raised ¥348.6 billion ($2.3 billion) in Japan’s largest initial public offering in six years after pricing its shares at the top of its provisional range, a regulatory …

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200 listed firms in Japan to postpone earnings disclosure

by Mark McDuffie
200 listed firms in Japan to postpone earnings disclosure

Some 200 companies listed on the Tokyo Stock Exchange plan to disclose financial results for the fiscal first half ended in September on or after 3:30 p.m., people familiar with …

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Toyota raises buyback to ¥1.2 trillion, citing share levels

by Mark McDuffie
Toyota raises buyback to ¥1.2 trillion, citing share levels

Toyota bumped up the size of its share buyback to ¥1.2 trillion ($8.3 billion) as the world’s largest carmaker enjoys strong demand in its main markets of Japan, Europe and …

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