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How Japan is set to make millions of vending machines obsolete

July 04, 2024 7:17 pm

Japan is the ‘vending machine capital’ of the world. But the introduction of new yen notes is set to make many machines obsolete

Bank of Japan signals scope to reduce monetary stimulus

April 09, 2024 11:40 am

Speaking in parliament, Governor Ueda said the central bank must maintain ultra-loose monetary policy for the time being since trend inflation has yet to reach its 2% target.

Timeline | History of Japan's intervention in currency markets

March 28, 2024 11:55 am

Japan last intervened in October 2022 as the yen plumbed lows near 152 per dollar. It was then estimated to have spent as much as 9.2 trillion yen ($60.78 billion) defending the currency.

Japan's government says it will keep working closely with BOJ to beat deflation

March 22, 2024 3:26 pm

The government also said it will "mobilize all possible policy means to transform the economy into a new growth-oriented economy," according to the monthly report by the Cabinet Office.

Japan farewells era of radical policy, ends negative rates

March 19, 2024 11:21 am

While the move was Japan's first interest rate hike in 17 years, it still keeps rates stuck around zero as a fragile economic recovery forces the central bank to go slow in any further rise in borrowing costs, analysts say.

Bank of Japan jolts markets in surprise change to yield curve policy

December 20, 2022 2:10 pm

Shares tanked, while the yen and bond yields spiked following the decision, which caught off-guard investors who had expected the BOJ to make no changes to its yield curve control (YCC) until Governor Haruhiko Kuroda steps down in April.

Japan intervenes to support yen for the first time since 1998

September 22, 2022 5:59 pm

The yen rose as much as 2.3% against the dollar, pulling back sharply from the lows of the day when it had breached a key psychological level of 145, as top currency official Masato Kanda said Thursday the government was taking “decisive action.”

To understand birthrate crisis, Japan's new male minister tries out 'pregnancy belly'

August 11, 2022 2:14 pm

Former Bank of Japan official replaces veteran female minister as the country records low number of babies born last year.

Japan's record $940 billion budget may help Covid-hit economy, fiscal discipline in doubt

December 24, 2021 12:33 pm

🔴 The budget of 107.6 trillion yen ($941.55 billion) for the fiscal year that starts in April 2022 is Japan's biggest initial spending plan, underscoring a priority of reviving the pandemic-hit economy over returning to long-term fiscal health.

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Japan's central bank says 'Amazon effect' has pulled down inflation

June 18, 2018 4:42 pm

The Bank of Japan did caution that its calculation for how much downward pressure online shopping places on core CPI is based on limited data, and that it is important to closely monitor the trend in the future.