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DAILY REPORTS
Jul 01
Japan's consumer prices fell 0.4 percent in May from a year earlier for the third straight month and marked the biggest drop in more than three years, the government said Friday, indicating the Bank of Japan is expected to continue struggling to achieve its 2 percent inflation target. (Kyodo)
Jul 01
Prices of land facing major streets in Japan as of Jan. 1, 2016, rose 0.2 pct from a year before on average, marking the first increase in eight years, the National Tax Agency said Friday. (Jiji Press)
Jul 01
Senior tax officials from Organization for Economic Cooperation and Development member countries began their two-day meeting in Kyoto on Thursday to tighten measures against international tax avoidance. (the-japan-news.com)
Jun 30
Japan's long-suffering salaried workers, famous for toiling long hours, have found no relief under the Abenomics reflation program, recording two of the three worst years when it comes to their monthly pocket money. (Japan Times)
Jun 30
More than one in four people in Japan were aged 65 or older as of Oct. 1, accounting for 33.42 million or a record 26.7% of the overall population, a government study showed Wednesday, highlighting the nation's challenge in dealing with rising social security costs from the rapid graying of society. (Japan Today)
Jun 29
Britain's exit from the European Union, or Brexit, is estimated to push down Japan's gross domestic product by up to around one pct due to the yen's rising in line with falling stock prices, according to recent reports by private think tanks. (Jiji Press)
Jun 27
Asia's equity markets were the first to suffer through a Brexit-fueled rout. Old Mutual PLC and Citi Private Bank are betting they may be the first to recover. (Japan Times)
Jun 27
Former Prime Minister Yukio Hatoyama will sit on an international advisory committee of the China-led Asian Infrastructure Investment Bank, it was learned Saturday. (Japan Times)
Jun 26
The Japanese government and the Bank of Japan agreed Saturday to closely cooperate to prepare for any further financial market volatility following Britain's decision to leave the European Union. (Kyodo)
Jun 25
Japanese Finance Minister Taro Aso on Friday expressed concerns about possible risks to the global economy and financial markets as Britain reportedly voted to leave the European Union. (Jiji Press)
Jun 24
Tokyo's benchmark stock index nosedived almost 8% Friday as Britain's decision to leave the European Union sparked an avalanche of selling and wild swings on currency markets. (Japan Today)
Jun 21
The yen will strengthen past 100 per dollar this year, whichever way the U.K. votes in Thursday's referendum, according to Eisuke Sakakibara. The only difference is how fast it gets there. (Japan Times)
Jun 21
The IMF said Monday that Japanese Prime Minister Shinzo Abe's eponymous economic revitalisation plan needs to be "reloaded" with steps to increase incomes and achieve labour reforms to meet ambitious growth and inflation targets. (Japan Today)
Jun 20
Japan's exports fell at the fastest pace in four months in May on supply chain disruptions from the Kumamoto earthquake and slow growth in emerging markets - foreshadowing gloomy trade prospects for the current quarter. (reuters.com)
Jun 19
Financial assets held by Japanese individuals at the end of March were down from a year earlier. The drop was the first in nearly six years. (NHK)
Jun 17
Bank of Japan Governor Haruhiko Kuroda warned Thursday that a strong yen will negatively affect the economy after the Japanese currency surged to a nearly two-year high against the U.S. dollar as the BOJ stood pat on monetary policy. (Kyodo)
Jun 16
Policymakers at the Bank of Japan have decided by majority vote to maintain their massive monetary easing measures, including the negative interest rate policy. (NHK)
Jun 15
The Japanese government decided at a cabinet meeting Tuesday to use 59 billion yen out of the reserves set aside under the 778-billion-yen fiscal 2016 supplementary budget in part to finance works to rebuild Kumamoto Prefecture and other Kyushu southwestern Japan areas hit by a series of strong earthquakes in April. (Jiji Press)
Jun 13
Business sentiment at Japan's large companies was down for the second straight quarter in the April-to-June period. The strong yen and the series of earthquakes in Kumamoto Prefecture are being blamed. (NHK)
Jun 13
Foreign investors are bailing out of Japanese stocks as a wobbly economy feeds disillusionment about 'Abenomics', sparking bouts of volatility in a market increasingly shaken up by policy decisions of the Bank of Japan. (Reuters)
Jun 08
Japan's current account surplus in April rose 41.7 pct from a year before to 1,878.5 billion yen, the Ministry of Finance said Wednesday. (Jiji Press)
Jun 08
Japan's gross domestic product in January-March grew a revised 0.5 pct from the previous quarter in price-adjusted real terms, stronger than the preliminary reading of a 0.4 pct rise, the Cabinet Office said Wednesday. (Jiji Press)
Jun 08
The average summer bonus among major Japanese companies is set to rise 3.74 pct from the previous year to 927,415 yen, up for the fourth straight year, a preliminary report by the Japan Business Federation, or Keidanren, showed on Tuesday. (Jiji Press)
Jun 04
The Japanese government and the ruling camp started work on Friday to consider specific measures for a comprehensive and bold economic stimulus package to be compiled in autumn in a bid to spur growth. (Jiji Press)
Jun 03
The Organization for Economic Cooperation and Development said Wednesday it has cut its estimate for Japan's economic growth in 2016 and 2017. (the-japan-news.com)
Jun 02
Japanese Prime Minister Shinzo Abe's latest decision on the second deferment of the 2-percentage-point consumption tax hike to 10 pct could undermine international confidence in the country's fiscal reconstruction efforts. (Jiji Press)
May 31
The nation's labor market remained tight in April as job availability rose to the highest level in over 24 years and the unemployment rate remained flat at 3.2 percent, government data showed Tuesday. (Japan Times)
May 31
Japanese investment in Southeast Asia continues to grow, owing to the region's potential and low labor costs, amid simmering tensions that reduce the appeal of China for some Japanese businesses. (bloomberg.com)
May 29
The leaders of Japan and Papua New Guinea have agreed the southwestern Pacific state will continue to provide a stable supply of liquefied natural gas to Japan. (NHK)
May 27
Leaders from the Group of Seven countries have agreed to support sustainable growth of the global economy through flexible fiscal spending, structural reform and every other available measure. (NHK)
May 25
Canadian trade minister Chrystia Freeland showed willingness to resume bilateral free trade talks with Japan in an interview with Jiji Press in Tokyo on Tuesday. (Jiji Press)
May 24
The Japanese government says it will increase funds for infrastructure exports over the next 5 years to 200 billion dollars. (NHK)
May 24
Japan's exports fell sharply in April and manufacturing activity suffered the fastest contraction since Prime Minister Shinzo Abe swept to power in late 2012, providing further evidence that the Abenomics stimulus policy is struggling for traction. (the-japan-news.com)
May 23
Economic damage from the recent strong earthquakes in Kumamoto Prefecture and nearby areas in southwestern Japan stands between some 2.4 trillion yen and 4.6 trillion yen, an estimate by the Cabinet Office said Monday. (Jiji Press)
May 20
The Japanese government on Thursday compiled a draft of its new growth strategy featuring the promotion a fourth industrial revolution aimed at boosting productivity through the use of new technologies such as the Internet of Things and artificial intelligence. (Jiji Press)
May 20
Top finance officials from the Group of Seven major industrial nations will meet in Japan this week amid diminishing expectations for Japanese Prime Minister Shinzo Abe's Abenomics growth policy. (Jiji Press)
May 19
Japanese consumers can't get enough of cup noodles, with spending on them surging by more than a quarter over the past year. That sounds like good news, but for a country still struggling to escape deflation it's a worrying signal. (Japan Today)
May 19
Prime Minister Shinzo Abe had his first debate with opposition leaders in the current Diet session. They focused on whether to raise the consumption tax next April as scheduled. (NHK)
May 18
Japan's Cabinet Office says the GDP figures for the three months between January and March were up by 0.4 percent in real terms from the previous quarter. (NHK)
May 17
Japan's population is ageing and shrinking. The population of Japan peaked in 2008 at 128 million. With the fertility rate - or births per woman - falling below 1.5 at the beginning of the 1990s and falling as low as 1.29 in 2004, the population is shrinking rapidly. (nationalinterest.org)
May 17
Three months have passed since the Bank of Japan introduced a negative interest rate policy to spur inflation. But the measure has yet to fully achieve its intended goal of stimulating investment and consumption. (NHK)
May 14
Bank of Japan Gov. Haruhiko Kuroda said Friday the bank has "ample space" for additional monetary easing, reminding the market that further stimulus is possible despite the central bank's decision to stand pat last month. (Japan Times)
May 13
The Japanese government at a cabinet meeting on Friday adopted a 778-billion-yen fiscal 2016 supplementary budget to finance programs to rebuild the southwestern Japan prefecture of Kumamoto and nearby areas damaged by a series of strong earthquakes since mid-April. (Jiji Press)
May 12
The efforts by the government of Prime Minister Shinzo Abe to revive Japan's economy through various initiatives, referred to collectively as Abenomics, have certainly had their ups and downs. But up to now, little criticism has been heard about the negative impact such efforts have had on Japan's environment. (Japan Today)
May 11
Are we about to enter a new and more vicious stage in the global currency wars as Japan embarks on a dangerous experiment with "helicopter money"? (afr.com)
May 11
Japan liberalized its retail electricity market last month, creating one of the largest deregulated electricity markets in history. While companies and consumers have just begun to switch electricity providers, and questions remain about the plan to unbundle electricity transmission from generation, competition has already brought down rates. (wsj.com)
May 10
Some Bank of Japan policymakers voiced concerns about adverse effects of the central bank's negative interest rate policy at a policy-setting meeting held March 14-15, minutes of the meeting showed Monday. (the-japan-news.com)
May 09
Real wages rose at the fastest pace in more than five years in March, creating hopes for greater consumer spending, government data showed Monday. (Japan Times)
May 06
Japanese Prime Minister Shinzo Abe and British counterpart David Cameron agreed Thursday in London on the need to promote increased government spending and other economic measures to bolster the flagging global economy, while vowing to work together in fighting terrorism. (Kyodo)
May 06
A growing number of people in Southeast Asia are migrating within the region in search of jobs and better living conditions. In stark contrast, Japan's labor market remains closed to the outside world as it pursues a policy of isolation, at least in the eyes of many people in the rest of Asia. (Nikkei)
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