Japan economy

BOJ holds rates steady, warns of Iran war impact on inflation

Two hawkish board members dissent to the central bank’s projection on how soon inflation may durably hit its target

Toyota will award its staff a wage increase of up to 21,580 yen (S$173) a month and an annual lump sum payment equivalent to 7.3 months’ salary.

Top Japan firms offer big pay hikes, focus on Iran conflict ahead

[TOKYO] Major Japanese companies, including Toyota, offered big pay hikes in annual wage talks on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the...

Investors will focus on Governor Kazuo Ueda’s (pictured) post-meeting briefing for clues on the next rate-hike timing.

Bank of Japan likely to stand pat as Iran war muddles outlook, sustain rate-hike bias

The central bank is set to maintain short-term interest rates of 0.75 per cent

Japan's corporate goods price index, which measures the price companies charge each other for their goods and services, rose 2 per cent in February from a year earlier.

Japan’s wholesale inflation cools, but oil shock from Iran war threatens rebound

Swings in oil and other commodities will push up domestic inflation

Japan's economy expanded an annualised 1.3 per cent in the fourth quarter, compared with the initially estimated 0.2 per cent.

Japan upgrades Q4 GDP on robust capex, Iran war clouds outlook

Domestic demand contributes 0.3 of a percentage point to fourth-quarter GDP, revised up from zero

The S&P Global final Japan Services Purchasing Managers’ Index (PMI) edged up to 53.8 in February from 53.7 in January, marking the 11th consecutive month of expansion.

Japan’s services activity hits nearly two-year high: PMI

The broader picture for Japan’s economy was also positive

With the weak yen pushing up import costs and broader inflation, markets had bet the BOJ could raise rates again to 1 per cent from the current 0.75 per cent as soon as March or April.

Bank of Japan deputy governor says rate hikes likely to continue

[TOKYO] Bank of Japan Deputy Governor Ryozo Himino said on Monday the central bank is expected to gradually shift to a more neutral monetary policy stance by continuing to raise interest rates.

The S&P Global Japan Manufacturing PMI rose to 53.0 in February, up from January’s 51.5, marking the biggest expansion since May 2022 and inching up from the flash reading of 52.8.

Japan’s factory activity hits near 4-year high in February: PMI

New export business expanded at the fastest rate since June 2021

The Tokyo CPI report is a leading indicator for national price trends.

Tokyo CPI cools below Bank of Japan’s target for first time since 2024

The central bank has already said that inflation is likely to ease below its 2% target in the first half of this year

The increase in the services producer price index, which tracks the price companies charge each other for services, followed a 2.6 per cent gain in December.

Japan’s services inflation steady, signals wage-driven price pressure

The Bank of Japan has signalled its readiness to keep hiking borrowing costs if prices continue to rise