News
Dollar Sinks below 154 Yen amid Economic Concerns
2+ hour, 35+ min ago (133+ words) New York, Feb. 10 (Jiji Press)--The dollar hit a two-week low below 154 yen in Asian trading on Wednesday local time after falling below 154.50 yen in New York on Tuesday amid concerns over the U.S. economy. At 5 p.m., the dollar stood at 154.34-44 yen,…...
Ruling Bloc's Election Victory May Affect BOJ Monetary Policy
7+ hour, 40+ min ago (156+ words) Tokyo, Feb. 11 (Jiji Press)--The Japanese ruling bloc's landslide victory in Sunday's general election, which cemented Prime Minister Sanae Takaichi's grip on power, may impact the Bank of Japan's monetary policy steering. Takaichi, who was inaugurated last October, favors fiscal…...
Honda's Net Profit Falls Over 40 Pct in April-Dec.
17+ hour, 29+ min ago (189+ words) Tokyo, Feb. 10 (Jiji Press)--Honda Motor Co. said Tuesday that its group net profit in April-December last year fell 42.2 pct from a year before to 465,437 million yen. The major Japanese automaker has been hit hard by the slowdown of the…...
Japan Households Save More despite Pay Growth: Govt Report
18+ hour, 23+ min ago (155+ words) Tokyo, Feb. 10 (Jiji Press)--Japanese households' spending increased at a slower pace than income over the past five years, a report by the Cabinet Office showed Tuesday, indicating that people saved more amid inflation. According to the fiscal 2025 report on…...
Japan's Ratio of Household Spending on Food Hits 44-Year High
4+ day, 17+ hour ago (148+ words) Tokyo, Feb. 6 (Jiji Press)--Japan's ratio of household spending on food hit a 44-year high in 2025, reflecting elevated food prices, an internal affairs ministry survey showed Friday. According to the latest Family Income and Expenditure Survey, the ratio, known as…...
BOJ May Raise Rates in March if Yen Drops Further: Economist
4+ day, 18+ hour ago (153+ words) Tokyo, Feb. 6 (Jiji Press)--The Bank of Japan may raise interest rates in March at the earliest if the yen weakens further, although a rate hike in April appears to be the main scenario, Ryutaro Kono, chief economist at BNP…...
Japan Basic Industries Union to Seek 15,000-Yen Pay Scale Hike
6+ day, 20+ hour ago (128+ words) Tokyo, Feb. 4 (Jiji Press)--The Japan Federation of Basic Industry Workers' Unions decided Wednesday to demand a monthly pay scale increase of 15,000 yen in this year's "shunto" spring wage negotiations. The unified demand is at the same level as the…...
Japan Retail Gold Prices Volatile on External Factors
6+ day, 21+ hour ago (125+ words) Tokyo, Feb. 4 (Jiji Press)--Retail gold prices in Japan have been volatile over the past week, swung by developments outside the country. Tanaka Precious Metal Technologies Co., based in Tokyo, set its tax-inclusive retail gold price at a record high…...
Japan Govt Data Confirms No Forex Intervention in Jan.
1+ week, 4+ day ago (163+ words) Tokyo, Jan. 30 (Jiji Press)--Japanese Finance Ministry data confirmed Friday that there had been no foreign exchange market intervention in the period between Dec. 29 and Wednesday. During the period, the dollar plunged from over 159 yen to near 157 yen in the…...
Japan to See 60 Pct Fewer Food, Beverage Price Hikes in Feb.
1+ week, 5+ day ago (208+ words) Tokyo, Jan. 30 (Jiji Press)--The number of food and beverage price hikes in Japan will drop nearly 60 pct from a year earlier next month, showing a sign of food inflation calming down, a private research firm survey showed Friday. The…...