ECONOMY > Economic Policy

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POLITICS > Elections

FOCUS: Rising prices key focus in election but no party has silver bullet

TOKYO — As prices of necessity goods such as food and electricity soar following Russia’s invasion of Ukraine, political parties in Japan are struggling to present immediate solutions as they head into the July 10 election for the upper chamber of parliament.   Since Japan is a resource-importing country, surging energy prices and rapid falls of the yen against the….Read more

  • June 29, 2022
  • , Kyodo News , 10:56 a.m.
  • English Press

ECONOMY > Economic Policy

Japan eyes subsidies for 10 pct cut in farm products costs

Tokyo, June 21 (Jiji Press)–The Japanese government said Tuesday that it will create subsidies to cut costs to produce agricultural products by 10 pct amid surging prices worsened by Russia’s invasion of Ukraine.     At the first meeting of its new task force to fight price rises and secure wage growth, the government also said it will help electricity suppliers….Read more

  • June 21, 2022
  • , Jiji Press , 2:56 p.m.
  • English Press

POLITICS > Cabinet

Kishida eyes reward points system to ease impact of rising electricity prices

Asahi, Mainichi, Yomiuri, and Sankei wrote that at the first meeting on Tuesday of a government task force on rising prices, Prime Minister Kishida mentioned a government plan to establish a new system to ease the impact of rising electricity prices by awarding power-saving households points that can be used to lower their utility bills. The papers speculated that the….Read more

  • June 22, 2022
  • , Asahi, Mainichi, Yomiuri, Sankei
  • JMH Summary

POLITICS > Cabinet

Kishida vows to fight inflation

All broadcasters reported on the first meeting of a GOJ taskforce charged with curbing price increases that was held at the Kantei, noting that in his opening remarks, Prime Minister Kishida voiced the administration’s resolve to rein in skyrocketing inflation. “We will protect people’s livelihoods and businesses from the adverse effects of spikes in prices by implementing without fail the….Read more

ECONOMY > Economic Policy

Gaffe or message? Kuroda remark on prices hints at BOJ’s plans

DAICHI MISHIMA, Nikkei staff writer   TOKYO — A controversial remark by Bank of Japan Gov. Haruhiko Kuroda has made waves across the country, as some consider it a subtle message that the central bank may be starting to explore an eventual end to its large-scale monetary easing.   It all began with a June 6 speech at a Kyodo….Read more

  • June 14, 2022
  • , Nikkei Asia
  • English Press

ECONOMY > Economic Policy

GOJ’s “new capitalism” doctrine loses “Kishida color” amid market anxiety

Sunday’s Nikkei highlighted the action plan that the GOJ has formulated for achieving the “new form of capitalism” that Prime Minister Kishida pledged to pursue when he won the LDP presidential election last fall, noting that the premier’s initial goals of promoting wealth distribution and rectifying the growing income gap now appear to be elusive in the face of skepticism….Read more

INTERNATIONAL > U.S.

Economic version of 2+2 to be held next month

NHK reported that arrangements are being made by the United States and Japan for Secretary of State Blinken and Commerce Secretary Raimondo to hold talks with their Japanese counterparts in Washington on July 29. The network projected that in this economic version of a 2+2 ministerial meeting, the two sides are expected to exchange views on how to deepen bilateral….Read more

ECONOMY > Economic Policy

BOJ chief retracts remark on price hikes

All national dailies wrote that Bank of Japan Governor Kuroda Haruhiko retracted his remark that Japanese households’ tolerance of rising prices has been increasing at a Lower House Financial Affairs Committee session on Wednesday by saying he is fully aware that households have no choice but to accept price hikes with utmost reluctance. He apologized for choosing words that were….Read more

  • June 9, 2022
  • , All national papers
  • JMH Summary

ECONOMY > Economic Policy

Goal to raise minimum wage to ¥1,000 by fiscal 2025 to be included in Kishida’s ‘new capitalism’ action plan

The government aims to raise the national average of minimum hourly wage to at least ¥1,000 by fiscal 2025, as part of efforts to increase incomes, which the administration of Prime Minister Fumio Kishida has positioned as a key measure to boost consumption and support economic recovery from the coronavirus pandemic.   The government is expected to include the goal….Read more

  • June 2, 2022
  • , The Japan News , 0:00 p.m.
  • English Press

ECONOMY > Economic Policy

GOJ announces economic policy and strategy

All national dailies reported on the Kishida administration’s announcement on Tuesday of its draft economic and fiscal policy guidelines and strategy to realize a “new form of capitalism.” Boosting investment in startups is one of the four key pillars of intensive investment in the overall strategy. The other focal areas of investment are human resources, science, technology and innovation, and….Read more

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