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ECONOMY > Finance

EXCLUSIVE: Japan govt to issue 2.7-t.-yen new bonds

Tokyo, May 13 (Jiji Press)–The Japanese government plans to issue new bonds to fully fund a proposed 2.7-trillion-yen fiscal 2022 supplementary budget to implement emergency measures to cushion the impact of soaring prices, informed sources said Friday.   As a result, the total new Japanese government bond issue amount for the current fiscal year through next March will reach around….Read more

  • May 13, 2022
  • , Jiji Press , 11:56 p.m.
  • English Press

ECONOMY

Good corporate performances should lead to virtuous economic cycle

The recovery of listed companies’ business performance is becoming clearer.   While caution is needed to guard against future risks such as price increases in fuel and raw materials, it is also important to channel profits into investments in facilities and human resources to proactively boost the economy.   The announcement of business results for the business year ending March….Read more

  • May 14, 2022
  • , The Japan News
  • English Press

ECONOMY > Finance

Cartoon: BOJ Governor Kuroda hunkers down

  • April 21, 2022
  • , Akahata , p. 2
  • JMH Translation

ECONOMY

Yen binge-buying in contingencies no longer viable

Asahi reported on the yen’s accelerated depreciation against the dollar triggered in part by the Fed’s hike in interest rates. The daily said that although the yen previously rose rather sharply vis-à-vis the dollar during major contingencies such as the 2008 global economic collapse triggered by the bankruptcy of Lehman Brothers and even the 2011 triple disasters in Tohoku, the….Read more

  • March 23, 2022
  • , Nikkei
  • JMH Summary

ECONOMY

BOJ walks fine line as it faces the wrong kind of inflation

TAKERO MINAMI, Nikkei staff writer   TOKYO — The Bank of Japan will stay the course on monetary easing even as it predicts inflation will approach its 2% target in April, with costlier commodities and a weak yen doing more to raise consumer prices than years of BOJ efforts.   “There are extremely high uncertainties over how the situation surrounding….Read more

  • March 19, 2022
  • , Nikkei Asia , 7:08 a.m.
  • English Press

INTERNATIONAL

Japanese banks hold 500 billion yen in outstanding loans to Russia

Japan’s financial institutions are preparing for fallouts from the increasingly tense situation in Ukraine. They have been narrowing down loans to Russia, with about 500 billion yen currently outstanding. Once economic sanctions are in place, settlement between the U.S. dollar, ruble, and yen may no longer be possible, so Japan’s megabanks are rushing to prepare alternative means for clearance and….Read more

  • February 23, 2022
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY

Expert: Japan’s exports could drop due to Ukraine situation

An interview with Kanda Keiji, senior economist at Daiwa Institute of Research, by Inagaki Chihaya   The tension in Ukraine could impact the Japanese economy in three ways: a decline in exports to Russia, a rise in energy prices, and destabilization of financial markets. Japan’s exports to Russia accounted for only 0.2% of GDP in 2021, and a $10 increase….Read more

  • February 23, 2022
  • , Asahi , p. 7
  • JMH Translation

ECONOMY

BOJ prepares emergency operation as long-term rates creep up

TATSUYA GOTO, Nikkei staff writer   TOKYO — Upward pressure driving U.S. and European interest rates higher has reached Japan, with the benchmark 10-year yield nearing the threshold that could prompt the Bank of Japan to step in with an emergency market operation.   The yield on newly issued 10-year government bonds touched a six-year high of 0.20% at one point Friday, moving closer to….Read more

  • February 6, 2022
  • , Nikkei Asia , 0:01 a.m.
  • English Press

ECONOMY > Finance

Editorial: Concrete measures vital to achieving goal for primary balance surplus

The nation’s fiscal condition is deteriorating rapidly, as a result of measures taken against the novel coronavirus.   Despite this, the government has done nothing but set a target based on an optimistic outlook, preventing it from paving the way for fiscal consolidation.   Prime Minister Fumio Kishida has expressed his intention to maintain the goal of achieving a surplus….Read more

  • January 24, 2022
  • , The Japan News , 3:00 p.m.
  • English Press

ECONOMY > Finance

INTERVIEW: FSA top int’l finance official concerned over excessive debt

Tokyo, Dec. 15 (Jiji Press)–Tomoko Amaya, the top international finance official at Japan’s Financial Services Agency, has expressed alarm over excessive corporate debt and the overheating of financial markets caused by monetary easing measures around the world.   “Appropriate measures are needed” as economies around the world draw back easing measures they have taken amid the novel coronavirus crisis, Amaya,….Read more

  • December 15, 2021
  • , Jiji Press , 3:41 p.m.
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