Tag: Japan

The Bank of Japan declared that underlying inflation in the country was “generally consistent” with its target of 2%, the first time it has made that assessment since adopting the target in 2013.

Japan’s core consumer inflation exceeded the central bank’s 2% target in September for the first time in ‌nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a near-term interest rate hike.

Japan posted a trade deficit in September as export growth slowed and imports rose at a more moderate pace, official data showed on Wednesday, highlighting continued pressure on the country’s external balance.

Japan’s service sector expanded at a weaker pace in September as business activity and new orders grew more slowly and ​earthquake disruption dampened demand, a business survey showed on Monday.

Japan’s manufacturing sector expanded at a slower pace in September, with the S&P Global Japan Manufacturing PMI falling to 54.1 from 54.9 in August, marking the weakest growth in six months.

Japan’s Prime Minister said on Thursday that her government’s policies will lift market confidence in the yen, after previous efforts to boost the currency, including U.S. intervention, underwhelmed.

Prices for Japan’s corporate goods rose at a faster pace than expected in August, supporting the case for the Bank of Japan to keep raising interest rates to stem upside inflation risks.

US Treasury secretary Scott Bessent has warned traders not to bet against the yen, saying that “I am the house now” following his recent intervention to support the Japanese currency.

Japan’s economy grew faster than initially estimated in the April-June quarter from the previous three months, supported by capital expenditures which were less weak than initially estimated, revised data showed on Tuesday.

Japan’s headline inflation rate hit 1.9% in July, the highest level this year, as energy costs increase amid the Iran war.

Japan’s headline inflation rate hit 1.9% in July, the highest level this year, as energy costs increase amid the Iran war.

Japan’s economy expanded 1.1% in the second quarter on an annualized basis, missing expectations for 2% growth as softer domestic demand offset strong exports.

Producer price growth in Japan eased slightly to 7.2% year on year in July, missing analysts’ expectations, official data released Thursday showed.

Japan’s Finance Ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move by the two allies to stem sharp swings in the Japanese currency.

Japan’s core inflation came in at 1.6% in June, government data released Friday showed, as the impact of higher oil prices spills over into the wider economy.

Japan exports in June grew at their fastest pace since November 2022, rising 19.3% from a year earlier, powered by shipments of semiconductor equipment and a weak yen.

JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan’s $550 billion U.S. investment pledge, according to ​two people familiar with talks between the lenders and the Japanese government.

Japan’s wholesale inflation ​accelerated in June at the fastest pace in more than three years and the government brushed aside market concern over political ‌interference in monetary policy, bolstering the case for further interest rate hikes.

Iran has begun talks to sell ​oil to Japanese companies, though prospective buyers ‌are seeking a longer U.S. sanctions waiver and reassurances on safe shipping conditions in the ​Gulf, three Iranian and Western sources ​said.

Tokyo consumer price index inflation rose from a four-year low in June, with core inflation also rising amid higher energy prices stemming from the Middle East conflict.