Japan’s core inflation slowed to its weakest in about two years in June, underlining policymakers’ long battle to boost consumer prices and adding to speculation the Bank of Japan could deliver more stimulus later this month.
The Cabinet of Prime Minister Shinzo Abe approved Friday a suite of labor reforms designed to solve Japan’s demographic challenges while creating conditions to promote job growth, particularly for those struggling to find stable work.
Japan’s economy grew slightly faster than initially estimated in the first quarter, thanks to stronger capital spending, but analysts say global trade tensions remain a drag on growth and raise risks to the outlook for the export-reliant nation.
Japan’s industrial output fell in January-March at the fastest pace in almost five years, suggesting the economy may post a mild contraction in the first quarter as manufacturers struggle with the US-Sino trade war.
Sales of imported foreign-brand vehicles in Japan in fiscal 2018 increased 1.2 percent from the previous year to 307,682 units, marking their second-highest level ever, the Japan Automobile Importers Association said on Thursday.
Japan’s core private sector machinery orders fell slightly in December, signaling a more cautious stance by companies toward spending amid risks to the global economy, government data showed on Monday.
About half of around 100 regional banks in Japan will introduce a new cashless payment system developed by Mizuho Financial Group Inc. starting in late March, sources close to the matter said on Saturday.
To mark the ascension of Japan's new emperor, the government declared an unprecedented 10-day holiday from late April to early May, worrying investors, who say a market shutdown could cause disruption and unsettle the yen.
A top Japanese finance ministry official on Friday said the government would respond to wild swings in currency markets if needed, in comments analysts say were aimed at talking down the yen after its surged to a nine-month high this week.
Japan’s top finance ministry bureaucrat said on Friday that domestic financial institutions were facing severe strain as long-term interest rates remained low due to the Bank of Japan’s massive monetary stimulus.
Japan’s popular perception of the country’s ties with the United States worsened significantly this year, an opinion poll showed on Wednesday, battered by US President Donald Trump’s hostile trade policies.