Search result for JAPAN ECONOMY
BOJ DOWNGRADED ECONMIC ASSESSMENTS OF TWO REGIONS IN THE COUNTRY
Highlights –
- BOJ downgraded economic assessments of two regions in the country.
- BOJ is worried about economic recovery from the pandemic which still remains fragile.
- The pandemic has dampened consumption, which accounts for more than...
TOYOTA MOTOR EXPECTS ITS GLOBAL OUTPUT TO INCREASE BY 9.2 MILLION IN 2021
Highlights –
- Toyota Motor expects its global output to increase by 9.2 million in 2021.
- The target is said to be higher than the current record of 9.05 million units in 2019.
- In 2020 Toyota's global output fell by half from a year...
JAPAN GOVT. TO SECURE 20,000 FREEZERS FOR HOSPITAL STORAGE OF COVID-19 VACCINES
Highlights –
- Japan govt. to secure 20,000 freezers for hospital storage of COVID-19 vaccines.
- The govt. will sign contracts with four freezer makers.
- Japan govt. has secured 310 million vaccine doses from Pfizer Inc., Moderna Inc., an...
JAPAN’S CONSUMER SPENDING IS EXPECTED TO FALL BY $19.3 BILLION
Highlights –
- Japan’s consumer spending is expected to fall by $19.3 billion.
- The loss would correspond to 0.40 percent of Japan's annual GDP in nominal terms.
- Japan's government has imposed a state of emergency in 11 pre...
BOJ GOVERNOR SUGGESTS COUNTRY’S ECONOMY SEVERE AND RECOVERY BE MODERATE
Highlights –
- BOJ Governor suggests country’s economy severe and recovery be moderate.
- Later in the day, BOJ is scheduled to release its quarterly Sakura report on regional economies.
- BOJ Governor Kuroda said the consumer price i...
BOJ TO ASSESS ITS ULTRALOOSE MONETARY POLICY FRAMEWORK
Highlights –
- BOJ to assess its ultraloose monetary policy framework.
- The BOJ plans on studying the side effects of its monetary policy in March.
- The central bank has maintained short-term interest rates at minus 0.1 percent.
BOJ SURVEY SHOWS BUSINESS SENTIMENT IMPROVES FOR THE 2ND QUARTER IN DECEMBER
Highlights –
- BOJ survey shows business sentiment improves for the 2nd quarter in December.
- The survey however is pessimistic due to rising COVID-19 cases in the country and otherwise.
- The index for large nonmanufacturers rose to minus...
ADDITIONAL $3.7 BILLION IN RESERVE FUNDS TO BE USED IN JAPAN TO FIGHT PANDEMIC
Highlights –
- Additional $3.7 billion in reserve funds to be used in Japan to fight the pandemic.
- The Cabinet Office on Friday decided to use the funds to extend the travel subsidy program.
- The emergency spending includes 311.93 billio...
JAPAN CABINET OFFICE SURVEY SHOWED BUSINESS CONFIDENCE WORSENED IN SEVEN MONTHS
Highlights –
- Japan Cabinet Office survey showed business confidence worsened in seven months.
- The diffusion index of sentiment among economy watchers came to 45.6 points.
- The points were down from 8.9 points from October.
- T...
JAPAN HAS COMPILED AN ADDITIONAL ECONOMIC PACKAGE WORTH $707 BILLION
Highlights –
- Japan has compiled an additional economic package worth $707 billion.
- The amount would be used to ease the economic impact of the pandemic.
- The package will include extensions of subsidy programs such as ‘Go To Trav...
JAPAN SHOWED AN UPGRADE IN ITS ECONOMY IN JULY-SEPTEMBER PERIOD BY 22.9%
Highlights –
- Japan showed an upgrade in its economy in July-September period by 22.9%.
- The country’s GDP was upgraded from the preliminary figure of 21.4%.
- The total value of goods and services after adjustment rose for the firs...
JAPAN ECONOMY RECOVERS IN JULY-SEPTEMBER QUARTER; GROWTH RATE OF 21.4%
Highlights –
- Japan economy recovers in July-September quarter; growth rate of 21.4%.
- Cabinet Office however mentioned that the economy has still not recovered entirely.
- July-September share prices were higher in Tokyo.
- Japa...
JAPAN GOVT. SURVEY SHOWED ECONOMY TREND IS STEADILY REBOUNDING
Highlights –
- Japan Govt. survey showed economy trend is steadily rebounding.
- Business sentiment among workers with jobs sensitive to economic trends rebounded.
- The diffusion index of confidence rose 5.2 points from September. <...
SUGA INSTRUCTS TO COMPILE 3RD SUPPLEMENTARY BUDGET FOR FISCAL 2020
Highlights –
- Suga instructs cabinet ministers to compile 3rd supplementary budget for fiscal 2020.
- The economic stimulus package is to support the country’s economy.
- The extra budget will likely fund the government's “...
BOJ GOV. EXPRESSED CONCERN ABOUT RISING COVID-19 CASES IN EUROPE AND U.S.A
Highlights –
- BOJ Gov. expressed concern about rising COVID-19 cases in Europe and U.S.A.
- The bank has said that it will remain vigilant against risks to the global economy.
- The world’s third-largest economy is expected to shrink...
JAPAN GOVT. REPORTS RISE IN INDUSTRIAL OUTPUT FOR SEPTEMBER BY 4.0%
Highlights –
- Japan Govt. reports rise in industrial output for September by 4.0%.
- The seasonally adjusted index of production at factories and mines stood at 91.6.
- The ministry expects an increase in output by 4.5% in October and 1.2%...
BOJ IN POLICY MEETING CUTS ITS ECONOMIC GROWTH AND INFLATION PROJECTIONS
Highlights –
- BOJ in policy meeting cuts its economic growth and inflation projections.
- The central bank kept its ultra-easy monetary policy intact.
- BOJ kept the short-term interest rates at minus 0.1 percent.
- The BOJ a...
DECISION TO RELEASE FUKUSHIMA NUCLEAR PLANT’S TREATED WATER CURRENTLY PUT OFF
Highlights –
- Decision to release Fukushima Nuclear Plant’s treated water currently put off.
- The earlier decision to do so triggered strong opposition from fishermen.
- Japan’s Economy, Trade and Industry Minister mentioned ...
JAPAN REPORTS STEADY RISE IN PRIVATE-SECTOR MACHINERY ORDERS IN AUGUST
Highlights –
- Japan reports steady rise in private-sector machinery orders in August.
- In August private-sector machinery orders increased by 0.2 percent from the previous month.
- Cabinet Office mentioned orders totaled to $7.1 billion....
JAPAN’S GENERAL ACCOUNT BUDGET REQUEST FOR FISCAL 2021 TOPPED $950 BILLION
Highlights –
- Japan's general account budget request for fiscal 2021 topped $950 billion.
- The Ministry of Health, Labor, and Welfare asked for a record of 32.99 trillion yen.
- The Ministry of Land, Infrastructure, Transport, and To...