Bill Mitchell, a professor of economics at the University of Newcastle in Australia, believes Japan’s approach works well, even if it might look like “a crazy system” from the outside. Even after a …
EXPLAINER: What’s up with the Bank of Japan’s unique track?
Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm. Since 2016, Japan’s key interest rate has been minus 0.
North Korea warned of ‘unparalleled’ response from US, Japan, South Korea if it launches a 7th nuclear test
The U.S., Japan and South Korea warned North Korea of conducting a seventh nuclear test this year and said there would be ‘unparalleled” consequences.
Analysis-Wages, not yen, key to when Japan shifts away from ultra low rates
Solid wage growth, not a spiralling yen, is likely to be the trigger that drives the Bank of Japan away from its ultra-low interest rates as the policymakers cling stubbornly to hopes a tight job …
Japan gets tough World Cup draw in group with Germany, Spain
Japan’s goal at the World Cup will be to break the round-of-16 hex. The Japan ese will be appearing in their seventh consecutive World Cup, and three times the team has reached the round of 16. But it …
Japan’s JERA, IHI to work on ammonia use at Malaysian coal power plants
Japan’s biggest power generator, JERA, said on Wednesday it will collaborate with Japanese heavy-industry manufacturer IHI Corp to explore ways to expand the use of ammonia as a fuel at coal-fired …
Japan, Lithuania upgrade ties, to start security dialogue
Japan and Lithuania have decided to upgrade bilateral ties and start up security dialogue, Japanese Prime Minister Fumio Kishida said on Wednesday.
What’s at stake for global markets if Bank of Japan gives up on holding down bond yields
When the Bank of Japan meets later this week, investors will be watching closely for any signs that Japanese authorities might be preparing to tweak, or perhaps even jettison, a policy of actively …
Japan to extend gasoline subsidy to first half of next fiscal year -Kyodo
The Japanese government will extend a gasoline subsidy to curb rising energy costs until the first half of the next fiscal year, the Kyodo news agency reported on Wednesday.
Japan says Yellen respects its decision not to disclose any FX intervention
U.S. Treasury Secretary Janet Yellen respects Japan’s stance of not disclosing whether it had intervened in the foreign exchange market, Japan’s top currency diplomat said on Wednesday, adding he was …