News
Fed minutes show most officials expect additional rate cuts
3+ hour, 30+ min ago (125+ words) Fed minutes show most officials expect additional rate cuts'The Japan Times Most Federal Reserve officials see additional interest rate reductions as appropriate so long as inflation declines over time, though they remain divided over when and how far to cut,…...
Gambling with the dollar’s future
8+ hour, 37+ min ago (174+ words) Gambling with the dollar's future'The Japan Times Notwithstanding some ups and downs, the U.S dollar has been the uncontested global reserve currency since the end of World War II That status has allowed the U.S government to borrow at lower…...
Trump says he still might fire Powell as Fed chair pick looms
12+ hour, 14+ min ago (121+ words) Trump says he still might fire Powell as Fed chair pick looms'The Japan Times President Donald Trump teased that he has a preferred candidate to be the next chair of the Federal Reserve, but is in no hurry to make…...
India says its economy has overtaken Japan, eyes Germany
16+ hour, 24+ min ago (106+ words) India says its economy has overtaken Japan, eyes Germany'The Japan Times India says its economy has overtaken Japan, eyes Germany India has overtaken Japan as the world's fourth-biggest economy " and officials hope to pass Germany within three years, the government's…...
Summary of BOJ’s December meeting hints of further rate hikes
1+ day, 12+ hour ago (280+ words) Some members of the Bank of Japan's board signaled that the country's real interest rate remains very low during a meeting earlier this month where authorities raised the benchmark rate, suggesting that further increases are likely in store. "Japan's real…...
Japan's rice policy at crossroads amid output shift and high prices
2+ day, 13+ hour ago (102+ words) Japan's rice policy at crossroads amid output shift and high prices'The Japan Times Japan's rice policy at crossroads amid output shift and high prices Japan's rice policy is at a crossroads as prices of the country's staple food stay around…...
Takaichiâs Cabinet proposes record spending in next fiscal year
4+ day, 19+ hour ago (95+ words) Takaichi's Cabinet proposes record spending in next fiscal year'The Japan Times Prime Minister Sanae Takaichi's Cabinet approved a record "122.3 trillion ($783 billion) budget on Friday that includes the issuing of "29.6 trillion worth of government bonds to cover the revenue shortfall.The…...
Major Japan firms’ winter-bonus average tops ¥1 million
5+ day, 11+ hour ago (204+ words) This year's winter bonuses at large companies averaged "1,004,841, topping "1 million for the first time since comparable data became available in 1981, a survey showed Wednesday. The average rose 8.57% from a year before, up for the fourth consecutive year, according to the…...
Japan's labor productivity falls to 28th among OECD countries
1+ week, 4+ hour ago (185+ words) Japan ranked 28th in labor productivity in 2024 among the 38 member countries of the Organization for Economic Cooperation and Development, falling by two notches from the previous year, reflecting sluggish economic growth, according to a survey by a private think tank. The…...
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
1+ week, 1+ day ago (203+ words) Uniqlo owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12%, stepping up efforts to secure and retain talent as the country's workers grapple with inflation. Annual pay will grow by about 12% to "5.9 million…...