japan-economy | ABS-CBN News

Bank of Japan's 'bazooka' chief Kuroda's record tenure

Etienne Balmer, Agence France-Presse
Posted at Feb 14 11:59 AM

Bank of Japan governor Haruhiko Kuroda is stepping down after a 10-year tenure defined by his signature "bazooka" of easy money policies, designed to reboot the country's moribund economy. Read more »

Japan GDP rebounds less than expected in fourth quarter

Agence France-Presse
Posted at Feb 14 10:44 AM

Japan's economy expanded just 0.2 percent in the last quarter of 2022, a smaller rebound than expected despite the long-awaited reopening of the country to tourists, government data showed. Read more »

Only around half of firms in Japan expect 2023 economic growth

Kyodo News
Posted at Jan 03 12:11 PM

Only around half of major companies in Japan expect the country's economy to grow in 2023, a Kyodo News survey showed Monday. Read more »

Japan's economy shrank 0.3 pct in July-September: official data

Agence France-Presse
Posted at Nov 15 08:25 AM

Japan's economy shrank 0.3 percent in the 3 months to September, official data showed Tuesday, due to high import costs and weak private consumption despite the end of Covid-19 restrictions. Read more »

Japan announces $260-B stimulus spending to tackle inflation

Kyoko Hasegawa and Katie Forster, Agence France-Presse
Posted at Oct 28 05:57 PM

Japan will spend $260 billion on a stimulus package to cushion the economy from a weak yen and inflation, Prime Minister Fumio Kishida said. Read more »

Japan plans more stimulus to tackle inflation, low yen

Agence France-Presse
Posted at Sep 30 03:35 PM

Japan is preparing another round of economic stimulus measures, as rising prices and the plummeting yen squeeze the world's third-largest economy. Read more »

Japan Q2 GDP expands 0.5% after virus curbs lifted: official data

Agence France-Presse
Updated as of Aug 15 08:49 AM

Japan's economy expanded in the three months to June, official data showed Monday, after the government lifted Covid-19 curbs on businesses. Read more »

Japan first-quarter GDP shrank as omicron wave hit

Agence France-Presse
Posted at May 18 09:06 AM

Japan's economy shrank 0.2 percent in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions forced by an omicron surge and the effect of higher prices. Read more »

Japan's economy contracts for first time in 2 quarters

Reuters
Posted at Nov 15 09:06 AM

Japan's economy contracted at an annualized rate of 3.0 percent in July-September from the previous quarter, government data showed on Monday, posting the first decline in two quarters as resurgent coronavirus infections hurt consumer spending. Read more »

Japan's economy grew 0.3 percent in Q2

Agence France-Presse
Posted at Aug 16 08:47 AM

Japan's economy grew 0.3 percent in the three months to June, slightly more than expected despite a surge in virus cases and new restrictions, data showed Monday. Read more »

Bank of Japan lifts growth forecast, keeps policy unchanged

Agence France-Presse
Posted at Apr 27 02:46 PM

Japan's central bank on Tuesday raised its growth forecasts for the world's third-largest economy, citing expected stronger demand, and left its ultra-loose monetary policy in place. Read more »

Japan bank deposits rise at record pace as firms, households hoard cash

Leika Kihara, Reuters
Posted at Feb 08 10:43 AM

Japanese bank deposits surged at a record annual pace in January, data showed on Monday, a sign companies and households were continuing to hoard cash to guard against the prolonged damage from the coronavirus pandemic. Read more »

BOJ debated room for stimulus tweaks with eye on long battle with pandemic

Leika Kihara, Reuters
Posted at Dec 23 09:37 AM

Bank of Japan policymakers kicked off discussions in October on ways to make their massive stimulus programme more sustainable, with one member calling for a tweak to the bank's huge purchases of risky assets, minutes of the meeting showed on Wednesday. Read more »

90% of Japanese firms forgo year-end, New Year parties due to virus

Munehisa Tokunaga, Kyodo News
Posted at Dec 13 11:22 AM

Annual parties to look back on a passing year and then another to mark a new year, called "bonenkai" and "shinnenkai," respectively, are treated as important customs in Japan's corporate culture. However, this year, 87.8 percent of 10,059 firms across the country have not scheduled such eating and drinking functions, according to a survey conducted by Tokyo Shoko Research. Read more »

Japan’s economy surges, but the comeback may not last

Ben Dooley and Hisako Ueno, The New York Times
Posted at Nov 16 12:23 PM

Japan became the latest major economy to bounce back from the devastation of the coronavirus, as lockdowns eased and pent-up demand led to surging domestic consumption and a rebound in exports. Read more »

Japan GDP grows most on record after COVID-induced recession

Reuters
Posted at Nov 16 09:47 AM

Japan's economy grew at the fastest pace on record in the third quarter, rebounding sharply from its biggest postwar slump, as improved exports and consumption showed the country is recovering from damage caused by the coronavirus pandemic. Read more »

Japan's Suga signals readiness for new stimulus package

Reuters
Posted at Nov 09 06:07 PM

Japanese Prime Minister Yoshihide Suga said the government will do all it can to help the economy recover, signalling his readiness to compile another stimulus package to cushion the blow from the coronavirus pandemic.   Read more »

Japan expects fewer newborns in 2021 as pandemic affects pregnancies

Kyodo News
Updated as of Oct 21 12:52 PM

Due to bleak economic prospects caused by a spike in unemployment, it is believed that many couples have decided postponed having children. Read more »

Japan's households, firms pile up cash on pandemic uncertainty

Leika Kihara and Chris Gallagher, Reuters
Posted at Oct 13 10:12 AM

Japan's currency in circulation and bank deposits rose at a record pace in September, data showed on Tuesday, as companies and households hoarded cash instead of spending it due to uncertainty over the coronavirus pandemic. Read more »

BOJ's Kuroda says economy to continue recovering from pandemic's pain

Leika Kihara, Reuters
Posted at Oct 08 03:31 PM

The Bank of Japan raised its economic assessment for most of the country's nine regions to say they were starting to pick up, underscoring the central bank's growing conviction the economy is emerging from the worst hit of the coronavirus pandemic. Read more »