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Japanese Prime Minister Sanae Takaichi is not a reflationist, her finance minister said, pushing back against investor concerns over the government’s spending plans and its influence on the Bank of Japan. She spoke exclusively to Bloomberg TV's Shery Ahn in Tokyo (Source: Bloomberg)
The yen dropped after the Bank of Japan’s decision to hike rates as a split vote sent bearish signals, strategists said. The Japanese currency fell as much as 0.5% after the central bank raised its benchmark interest rate by a quarter percentage point to 1.25%.
Tokyo, Sept. 18 (Jiji Press)--The Bank of Japan decided to raise its policy interest rate by 0.25 percentage point to around 1.25 pct, the highest level in about 31 years, at a two-day meeting of its Policy Board that ended Friday. The last time the policy rate stood at 1.25 pct was back in April 1995. The board voted seven to two to implement its first interest rate hike in three months...
Koukyo Yoneta, a fifth-generation Buddhist priest in a small town in Japan’s Hokkaido, was struggling to keep up with the maintenance needs of his century-old temple, so he chose a path that would have been unthinkable for his predecessors – rather than wait for his congregation to give money they do not have, he invested what they had already donated. The move paid off. Within two years, his portfolio of US treasuries, Japanese real estate investment trusts and stocks including BYD and Hyundai...
Tokyo, Sept. 15 (Jiji Press)--The benchmark 10-year Japanese government bond yield, a key long-term interest rate, rose to a new 30-year high of 3.035 pct on Tuesday after U.S. long-term rates rose on surging crude oil prices. According to Japan Bond Trading Co., the yield on the newest 383rd issue of 10-year JGBs hit the highest level for a benchmark yield since September 1996. Crude oil...
Tokyo, Sept. 11 (Jiji Press)--Japan's Finance Ministry said Friday that it will issue a commemorative 1,000-yen coin for the International Horticultural Expo 2027 in Yokohama, south of Tokyo. Priced at 33,500 yen, the coin's obverse design features the expo's mascot, Tunku Tunku, along with native Japanese plants that will adorn the event's venue, such as the golden lace and the golden-raye...
Tokyo, Sept. 9 (Jiji Press)--Mizuho Bank said Wednesday it will raise its long-term prime lending rate by 0.15 percentage point to 3.4 pct, its highest level in about 30 years, effective on Thursday. The long-term prime rate serves as a benchmark for loans of one year or longer to large companies. The increase reflects rising long-term interest rates in Japan. END [Copyright The Jiji Press, ...
Tokyo, Sept. 3 (Jiji Press)--Minimum hourly wage hikes in 33 of Japan's 47 prefectures for fiscal 2026 exceeded the targets set by the Central Minimum Wage Council, which advises the labor minister, it was learned Thursday. The hikes outpaced the targets by 1 to 9 yen, shrinking from the previous year's maximum margin of 18 yen. Among the 33 prefectures, Saga posted the largest increase,...