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ECONOMY > Economic Indicators

Japan’s inflation picking up speed

The Saturday editions of all national papers spotlighted GOJ data showing that the consumer price index in May rose 2.1% from a year ago to mark a second consecutive monthly increase of 2% or higher. Prices of daily necessities, such as vegetables, processed foods, utility fees, pharmaceuticals, jumped even higher, by 4.7% on average. In particular, prices of electricity, gas,….Read more

  • June 25, 2022
  • , All national papers
  • JMH Summary

ECONOMY > Economic Indicators

Japan average pump price up for 3rd week

Tokyo, June 22 (Jiji Press)–The average retail price of gasoline in Japan as of Monday rose 2.7 yen from a week before to 173.9 yen per liter, up for the third straight week, the industry ministry said Wednesday.     The ministry will cut the amount of subsidies paid to refineries by 0.9 yen to 40.5 yen per liter on Thursday,….Read more

  • June 22, 2022
  • , Jiji Press , 4:04 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan Inc.’s capital spending poised to roar back 25%, Nikkei poll

By RYOTARO YAMADA, Nikkei staff writer   TOKYO — Japanese companies look to invest 25% more into equipment, real estate and other physical assets this fiscal year, a Nikkei survey shows, as catching up on delayed plans and a growing interest in decarbonization propel them toward the sharpest jump in nearly half a century.   Planned capital investment by 876 major companies has….Read more

  • June 21, 2022
  • , Nikkei Asia , 2:49 a.m.
  • English Press

ECONOMY > Economic Indicators

Japan pump price tops 170 yen again

Tokyo, June 15 (Jiji Press)–Retail gasoline prices in Japan as of Monday topped 170 yen per liter on average for the first time in about a month, the industry ministry said Wednesday.     The average retail price of regular gasoline rose 1.4 yen from a week before to 171.2 yen.     The ministry will increase the amount of subsidies paid to refineries to 41.4….Read more

  • June 15, 2022
  • , Jiji Press , 7:15 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan core consumer prices rise 2.1 pct in April

Tokyo, May 20 (Jiji Press)–Japan’s core consumer prices rose 2.1 pct in April from a year earlier, gaining at a pace above the central bank’s target of 2 pct for the first time in more than seven years, government data showed Friday.   The pace of rise in the core consumer price index accelerated from 0.8 pct in March due….Read more

  • May 20, 2022
  • , Jiji Press , 12:20 p.m.
  • English Press

ECONOMY > Economic Indicators

Focus: Japan economy may rebound but faces headwind amid price surge

By Yuka Nakao   TOKYO – Japan’s economy is likely to be on a growth track from the current quarter, but analysts say surging commodity prices due to Russia’s war in Ukraine will weigh on private consumption and become a headwind to its recovery from the coronavirus pandemic fallout.   After all COVID-19 curb measures to contain the surge of….Read more

  • May 18, 2022
  • , Kyodo News , 10:39 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan visitors down 95% in April from 2019, small tours to open soon

TOKYO – The estimated number of foreign visitors to Japan in April was down 95.2 percent from the same month in the prepandemic year of 2019 to 139,500 people, government data showed Wednesday, as the country moves toward accepting small-scale tours next week at the earliest.   The figure, though far short of the pandemic level, was more than 10….Read more

  • May 18, 2022
  • , Kyodo News , 7:41 p.m.
  • English Press

ECONOMY > Economic Indicators

Japanese economy contracts by 1% in first quarter of this year

NHK reported on Cabinet Office data showing that the nation’s GDP contracted at an annualized rate of 1% during the first three months of this year because of a decline in public works projects and stagnant personal consumption associated with the COVID-19 quasi-state of emergency that was in place in many parts of the country at the time. The real….Read more

  • May 18, 2022
  • , NHK
  • JMH Summary

ECONOMY > Economic Indicators

Japan firms’ net profit in Jan.-March falls 41.3% on cost hikes

TOKYO – The total net profit of listed companies in Japan dropped 41.3 percent to 4.94 trillion yen ($38.34 billion) in the January to March period from the previous quarter, reflecting the surge in raw material costs prompted by the Ukraine crisis, according to a recent tally by a securities firm.   Even excluding SoftBank Group Corp., an investment giant….Read more

  • May 13, 2022
  • , Kyodo News , 10:45 p.m.
  • English Press

ECONOMY > Economic Indicators

Japan’s key economic index rises for 2nd straight month in March

TOKYO – A key index reflecting the current state of the Japanese economy rose in March for the second consecutive month, as retail businesses have shown some recovery with all anti-coronavirus curbs lifted in the reporting month, according to government data released Wednesday.   The Cabinet Office kept the assessment that the economy is “improving,” the most optimistic expression, as the….Read more

  • May 11, 2022
  • , Kyodo News , 6:54 p.m.
  • English Press
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