ECONOMY > Economic Policy

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ECONOMY > Economic Policy

Kishida orders compilation of comprehensive economic package

All national dailies reported on Saturday that Prime Minister Kishida instructed relevant cabinet ministers on Friday to compile a comprehensive stimulus package with four main pillars: (1) dealing with soaring prices and facilitating wage growth, (2) strengthening the country’s ability to earn by taking advantage of the weak yen, (3) accelerating the Kishida administration’s “new form of capitalism,” and 4)….Read more

  • October 1, 2022
  • , All national papers
  • JMH Summary

ECONOMY > Economic Policy

Finance minister says Japan will act against yen’s speculative moves if necessary 

Nikkei wrote that Finance Minister Suzuki told reporters on Thursday that Japan is closely monitoring currency movements and will take action if needed. Suzuki commented on Japan’s currency intervention on Sept. 22 by saying that rapid currency fluctuations are undesirable and that speculative movements had to be corrected.    The paper also wrote that Suzuki, who is visiting Manila to….Read more

  • September 30, 2022
  • , Nikkei
  • JMH Summary

ECONOMY > Economic Policy

Editorial: A step toward dealing with extreme fall in yen’s value

The government and the Bank of Japan have intervened in the currency market to buy yen and sell dollars for the first time in 24 years in order to put the brakes on the yen’s sharp decline. It is noteworthy that this measure was taken to counter speculative moves.   At a press conference on Sept. 22, Finance Minister Shunichi….Read more

  • September 23, 2022
  • , The Japan News
  • English Press

ECONOMY > Economic Policy

Japan eager to stop yen’s slide 

According to all national papers, the Bank of Japan conducted a “rate check” operation yesterday, asking forex market players their views on yen-dollar exchange rates. As the operation is customarily regarded as a harbinger of market intervention by the central bank, the papers speculated that the BOJ is increasingly prepared to intervene in the market to halt the Japanese currency’s continued….Read more

  • September 15, 2022
  • , All national papers
  • JMH Summary

POLITICS

GOJ to provide 50,000 yen handouts to low-income households

Mainichi, Yomiuri, and Sankei wrote that they have learned from multiple GOJ sources that the government is making arrangements to provide 50,000 yen ($351) to each low-income household as part of its relief package for mitigating the impact of rising prices. Households that are exempt from residence taxes will be eligible to receive the money as they are regarded as….Read more

  • September 7, 2022
  • , Mainichi, Yomiuri, Sankei
  • JMH Summary

ECONOMY > Economic Policy

78% say consumption tax should be raised “as planned” 

  (Nikkei: October 29, 2014 – p.3)    In a spot poll conducted on October 28 by the Nikkei targeting 100 market players, 78% said the consumption tax should be increased to 10% “as planned” in October 2015. As the economic recovery slowed down after the latest consumption tax hike in April this year, stock market investors and economists are….Read more

  • October 29, 2014
  • , Nikkei
  • JMH Summary

ECONOMY > Economic Policy

GOJ to establish office for strengthening economic security  

Sunday’s Sankei front-paged a report saying it learned on Saturday that the GOJ is making arrangements to set up on Aug. 1 an office charged with strengthening economic security under the Cabinet Office. The paper said that following the passage of economic security legislation in May, the new office will address economic security issues that span relevant ministries and agencies. The….Read more

ECONOMY > Economic Policy

Japan’s central bank rules out interest rate hike

All national papers reported that the Bank of Japan decided yesterday to maintain its aggressive monetary easing policy. In its quarterly outlook that was released on Thursday, the central bank also raised its inflation forecast for FY2022 from 1.9% to 2.3%. BOJ Governor Kuroda reiterated in a news conference that the nation still needs aggressive monetary easing to support economic….Read more

  • July 22, 2022
  • , All national papers
  • JMH Summary

ECONOMY > Economic Policy

BOJ stands pat on policy despite upgraded inflation outlook

TOKYO — The Bank of Japan on Thursday maintained its ultralow rate policy to support the nation’s budding economic recovery, bucking the global trend of monetary tightening despite the prospect that inflation will reach its target this year and the yen may weaken further.   In a quarterly outlook report released after a two-day policy meeting, the BOJ upgraded its….Read more

  • July 21, 2022
  • , Kyodo News , 2:59 p.m.
  • English Press

ECONOMY > Economic Policy

GOJ to invest heavily in 20 areas designated as important technologies

Monday’s Yomiuri gave top play to preliminary policy guidelines drafted by the GOJ to bolster the nation’s economic security, claiming that hypersonic, artificial intelligence, biotechnology, quantum computing, and 16 other scientific fields will be categorized as “designated important technologies” in which it plans to invest heavily in R&D. The GOJ has reportedly identified the 20 areas based on the assessment….Read more

  • July 18, 2022
  • , Yomiuri
  • JMH Summary
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