70% of Japan companies to raise pay scales in FY 2024
About 70% of companies in Japan will implement pay scale increases in fiscal 2024, a survey by the Finance Ministry showed Monday. The survey was conducted from March to this …
Japanese economy
Japan hotel prices near 30-year high as weak yen lures record tourists
Hotel prices in Japan soared to a near three-decade high in March, as the cheap yen and the cherry blossom season attracted a record number of tourists to the country. …
BOJ rate hikes likely to be slower than those of peers, says board member
Bank of Japan board member Asahi Noguchi said Thursday the pace of future rate hikes would likely be much slower than those of its global peers in recent tightenings, as …
Machinery orders rise sharply, possibly easing domestic demand worries
Japan’s key gauge of capital spending grew much stronger than expected in February, rebounding sharply from the prior month’s decline in a welcome sign for domestic demand even as the …
Japan private equity deals jump in otherwise gloomy year for Asia
Private equity-related dealmaking in Japan jumped last year, as low interest rates and an ample supply of targets helped make the country the only market in the Asia-Pacific region to …
Record 63% in Japan feel financially uncomfortable, government survey finds
The proportion of people who do not feel financially comfortable and have no prospect for economic stability stood at a record 63.2%, a Cabinet Office survey has shown. The result, …
BOJ finally ditches negative rates, but this is no liftoff
Japan’s decision to jettison negative interest rates is rich in symbolism. Deflation, which dogged the economy for a generation, has been dispatched. Workers are finally enjoying meaningful wage increases. Policymakers …
Japan business lobby chief hopes for government efforts to end deflation
The head of Japan’s biggest business lobby on Sunday expressed hope that the government of Prime Minister Fumio Kishida will take necessary measures to fully combat the country’s decades-long deflation. …
Japan current account balance swings to ¥438 billion surplus in January
Japan logged a current account surplus of ¥438.2 billion ($2.9 billion) in January, returning to the black on record foreign investment returns and a sharp drop in imports, the Finance …
Japan corporate capex jumps, paving way for BOJ exit from stimulus
Japan’s corporate spending on plants and equipment jumped in the fourth quarter, suggesting likely positive revisions to data that showed the economy unexpectedly tipping into recession last year. The solid …