That rate of inflation would be welcomed in the U.S. and Europe, but for Japan, it marked the fastest core rate since 1981. Bank of America strategists led by Michael Hartnett say the move means there ...
Japan Inflation Hits Four-Decade High, Pressuring Central Bank in 2023
Japan’s core inflation rose at the fastest pace in nearly 41 years in November, fueling market speculation that the Bank of Japan would look to tighten monetary policy.
Naomi Osaka leads the money list for female sports stars
Naomi Osaka is the highest-paid woman in the world of sport ahead of Serena Williams, who has transitioned away from playing but has an impressive and diverse investment portfolio. Osaka's earnings ...
Japan unveils record budget in boost to military spending
Japan unveiled on Friday a record 114.4 trillion yen ($863 billion) budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs of catering to ...
Japan Finance Minister Suzuki sees BOJ’s monetary policy unchanged
Japanese Finance Minister Shunichi Suzuki said on Friday that the Bank of Japan's moves on Tuesday were likely aimed at laying the ground for continuing with its existing monetary policy."I understand ...
Japan OKs budget for FY 2023 with record high defense spending
The Japanese government adopted a record draft budget of 114.38 trillion yen (865 billion U.S. dollars) for fiscal year 2023 (April 2023-March 2024) on Friday, with defense spending hitting a record ...
The Bank Of Japan Blinks And Markets Tremble
The Bank of Japan sent tremors through capital markets as it announced a rate target increase for yield curve control, sending global bond yields soaring.
Japan Nikkei falls 1%
At closing bell, the 225-issue Nikkei Stock Average index fell by 261.56 points, or 1%, to 26,246.31. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 9.92 points,
Japan OKs record 114tn yen budget with big defense outlay
The general account fiscal 2023 budget topped 100 trillion yen for the fifth straight year. Despite record tax revenue of 69.4 trillion yen, it is still not enough to fund ballooning spending, ...
Japan MOF to slash treasury bills issuance to extend debt maturities
Japan's Ministry of Finance will cut the issuance of short-term government bonds next fiscal year starting April to extend the average maturity, which was shortened due to the heavy issuance of such ...
Japan Cabinet Approves Record Initial Budget, Adds to Debt Pile
Japan’s cabinet approved a record initial budget for the next fiscal year, piling more borrowing onto the the country’s massive debt load.
Bank of Japan’s yield curve control policy tweak is a step in the right direction, fund manager says
Vikas Pershad of M&G Investments discusses the central bank's yield curve control policy tweak and says "what we have gotten this week is a tacit acknowledgement from the BoJ that Japan's dalliance ...
Japan to unveil record $864 bln budget driven by military costs
Japan is set to unveil on Friday a record $864 billion budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs for a fast-ageing ...
Japan’s Nov core consumer inflation hits fresh 40-year high
People make their way at Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon ...
Asia-Pacific shares trade lower as Japan inflation marks 40-year high
Asia-Pacific shares traded lower, following Wall Street's losses as investors looked ahead to some economic data in the region.
Pro women’s tennis players, golfers top Forbes’ list of highest-paid female athletes
Led by Naomi Osaka and Serena Williams, women's pro tennis players and golfers are cashing in, totaling nearly $224 million in earnings in 2022.