Bank of Japan Signals Gradual Shift to a “World with Interest Rates” In a pivotal lecture at the Hitotsubashi University Policy Forum on January 30,Bank of japan (BOJ) deputy governor Ryozo Himino outlined the central bank’s vision for transitioning to a “world with interest rates.” This marks a significant shift from Japan’s long-standing ultra-loose monetary … Read more
Japan’s Current Account Surplus Hits Three-Month High Amid Trade and Income Gains Tokyo, January 14, 2024 — Japan’s current account balance surged to a three-month high in November, reaching a surplus of 3.3525 trillion yen,according to the latest balance of payments report released by the Ministry of Finance. This marks a significant turnaround from earlier … Read more
Japan is set to adopt a record-breaking budget for fiscal year 2025, totaling a staggering $734 billion (115.5 trillion yen). This unprecedented spending plan, revealed late December, reflects a confluence of factors, including rising defense expenditures, escalating social security costs, and the increasing burden of debt servicing. The budget, the largest in Japan’s history, will … Read more
TOKYO – In a meaningful development for Japan and its relationship with the united States, Prime Minister Shigeru Ishiba is navigating the complexities of leading a minority government while together preparing for crucial interactions with the incoming US administration. On December 24th, following the conclusion of an remarkable Diet session, Ishiba announced the cabinet’s approval … Read more