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    Japanese war on deflation

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    • Wednesday, 15 November, 2023
      Japanese economy
      Japan’s economy contracts as weak consumption undercuts recovery

      Third quarter decline will complicate Bank of Japan’s efforts to unwind ultra-loose monetary policy

      People walk across a pedestrian crossing in Ginza shopping district in Tokyo
    • Thursday, 9 November, 2023
      The FT ViewThe editorial board
      Japan’s fiscal and monetary policies are moving in opposite directions

      Tokyo must consider whether a stimulus next year will help or hinder its central bank

      Kazuo Ueda, the Bank of Japan’s governor
    • Tuesday, 31 October, 2023
      Bank of Japan
      BoJ sets stage for end of bond yield controls

      Central bank raises interest rate cap under pressure from weakening yen, inflation and rising US Treasuries

      Kazuo Ueda
    • Monday, 16 October, 2023
      ETF HubLatest news on ETFs
      Stock lending weakens BoJ’s ETF buying programme, BIS paper claims

      Researchers suggest reduced lending fees encourage short selling and that impact is greater on hard-to-borrow stocks

      A Japanese national flag flies outside the Bank of Japan in Tokyo
    • Friday, 6 October, 2023
      Masazumi Wakatabe
      Lessons for China from Japan’s lost decade

      Beijing is confronting slowing growth, falling prices and rising youth unemployment. From Tokyo, this all looks familiar

      View from above of busy traders at the Tokyo Stock Exchange in 1990
    • Monday, 31 July, 2023
      The FT ViewThe editorial board
      The Bank of Japan’s timely tweak

      Getting closer to the inflation target means getting serious about fiscal policy

      BoJ governor Kazuo Ueda speaks during a press conference following a monetary policy meeting at the central bank’s headquarters in Tokyo last week
    • Monday, 24 July, 2023
      Markets InsightAyako Fujita
      Bank of Japan must respond to increasingly sticky inflation

      Accommodative monetary policy stance no longer makes sense

      The Bank of Japan, Tokyo
    • Friday, 21 July, 2023
      Japanese economy
      Japan’s inflation outpaces US price rises for first time in 8 years

      Asia’s most advanced economy is no longer an outlier in inflation

      A woman walks past the Bank of Japan headquarters in Tokyo
    • Sunday, 2 July, 2023
      Special ReportJapan and Sustainability
      Japanese business urged to act on ‘sustainable capitalism’ pledge

      Companies are under pressure to lift pay to spur growth after 30 years of deflation and stagnant wages

      Pedestrians cross a road in Osaka, Japan, on Monday, Feb. 13, 2023.
    • Thursday, 25 May, 2023
      InterviewBank of Japan
      Bank of Japan’s Ueda warns of policy risks as prices and wages rise

      Governor says companies are acting in a way that could lead to sustained inflation

      Kazuo Ueda, governor of the Bank of Japan (BOJ), speaks during a group interview at the central bank’s headquarters in Tokyo, Japan
    • Thursday, 11 May, 2023
      Leo Lewis
      The true price of a Japanese cinema ticket

      Recent increases are response to inflationary pressures that are hurting many of the country’s businesses

      People walk through a shopping street in Japan
    • Friday, 28 April, 2023
      Bank of Japan
      Bank of Japan drops part of forward guidance on rates and starts policy review

      Yen weakens to lowest point in six weeks after new governor Kazuo Ueda’s first meeting

      Bank of Japan governor Kazuo Ueda speaks during a confirmation hearing at the lower house of Japan’s parliament in February
    • Thursday, 27 April, 2023
      Bank of Japan
      The challenges for Bank of Japan governor Kazuo Ueda — in charts

      New central bank head inherits an asset-laden balance sheet and the world’s last negative interest rates

      Kazuo Ueda and some yen notes
    • Tuesday, 11 April, 2023
      Martin Wolf
      Japan, Germany and the challenge of excess savings

      Tokyo is trapped when it comes to managing this structural issue

      James Ferguson illustration of a euro symbol in the colours of the German flag, on the edge of a cliff, and the yen symbol depicted as the Japanese flag afloat in stormy seas
    • Friday, 24 March, 2023
      Japanese economy
      Key measure of Japan inflation reaches highest level in 41 years

      Strong ‘core-core’ price reading adds pressure on central bank over monetary policy

      A general store in Tokyo
    • Friday, 10 March, 2023
      Bank of Japan
      Kuroda sticks to guns in last BoJ meeting after ‘bazooka’ decade

      Departing governor leaves measures to change ultra-loose policies to successor Kazuo Ueda

      Bank of Japan headquarters
    • Thursday, 9 March, 2023
      ExplainerJapanese economy
      How 3 everyday items tell the story of Japanese inflation

      Rapid price growth of popular products exemplifies challenge for central bankers, bond markets and consumers

      Montage of fried chicken, tofu and a 500-yen coin
    • Wednesday, 22 February, 2023
      Toyota Motor Corp
      Toyota raises wages in Japan by biggest amount in two decades

      Step by country’s largest carmaker puts pressure on other companies as living costs rise

      Toyota logo in the sky
    • Thursday, 26 January, 2023
      News in-depthBank of Japan
      ‘No margin for error’: Bank of Japan’s next chief faces daunting challenge

      Haruhiko Kuroda’s successor must steer economy towards interest rate normalisation

      Masayoshi Amamiya, Hirohide Yamaguchi and Hiroshi Nakaso in front of the symbol for the Bank of Japan
    • Tuesday, 24 January, 2023
      News in-depthJapanese government bonds
      Bank of Japan eases bond market strains with loans to banks

      Expanded lending package gives central bank a boost in struggle to contain government debt yields

      Pedestrians walk in front of the Bank of Japan headquarters in Tokyo
    • Sunday, 22 January, 2023
      Japan’s wage watershed raises economic hopes

      Salary increases by big companies offer potential escape from deflation and low growth

      T-shirts displayed at a Uniqlo store in Tokyo
    • Friday, 20 January, 2023
      Japanese economy
      Japan’s core inflation hits 41-year high with central bank under policy pressure

      4% price growth reading comes days after Bank of Japan stood by yield curve controls

      A customer purchases oranges at a store in the Ota district of Tokyo
    • Wednesday, 18 January, 2023
      The FT ViewThe editorial board
      The Bank of Japan’s policy predicament

      Kuroda, or his successor, must solve challenges around yield curve control

      Commuters pass the Bank of Japan headquarters in Tokyo. If the BoJ tries to defend yield curve control and fails it will pay a bitter price in cash and credibility
    • Wednesday, 18 January, 2023
      Leo Lewis
      Japan is going to have to start culling its zombies sooner or later

      Maintaining ultra-loose monetary policy for now merely defers the euthanasia of persistently unprofitable companies

    • Wednesday, 11 January, 2023
      Fast Retailing Co Ltd
      Uniqlo owner to raise wages in Japan by 40% as inflation climbs

      Prime Minister Fumio Kishida has called on businesses to bump up stagnant salaries

      People walk in front of a Uniqlo store
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