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Ex-BOJ Board Member Rules Out Another Rate Hike This Year

  • Category:Other
JAPAN TIMES
 
The Bank of Japan won’t be able to raise the policy rate again this year, given the market turmoil that followed its recent hike and the low likelihood of the nation’s economy seeing a rapid recovery, according to a former board member.
"They won’t be able to hike again, at least fo...

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Music And Gaming Help Sony Hike Net Profit Forecast

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JAPAN TODAY
 
Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones.
The yen's weakness against the dollar in recent months has boosted takings for the Japa...

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Bank of Japan Gov. Kazuo Ueda Expresses Positive Outlook for Japan’s Economy; Warns Against Excessive Depreciation of Yen

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JAPAN NEWS
 
Bank of Japan Gov. Kazuo Ueda expressed his views on the current economic situation in Japan, saying “Underlying inflation in Japan is firmly moving toward 2%, and it has been confirmed that the virtuous cycle between wages and prices has become more solid,” in his speech at a Yomiur...

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Ridesharing Restrictions In Japan To Be Eased On Extremely Hot Days; Some In Govt Calling For All Restrictions To Be Lifted

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JAPAN NEWS
 
Ridesharing restrictions will be eased regarding the operation and number of vehicles when it is extremely hot or when large-scale events are being held, the Land, Infrastructure, Transport and Tourism Ministry said Friday.
Ridesharing is a paid ride-hailing service in which private ...

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Japanese Stock Market In Turmoil: Nikkei 225 Falls By 12.4%

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AZ NEWS
 
Japan's Nikkei 225 stock index fell by 12.4% on Monday due to a wave of sell-offs triggered by fears over the state of the U.S. economy. The index closed at 31,458.42, losing 4,451.28 points, while the broader TOPIX index dropped by 12.8%, according to Asahi.
The panic was driven by a s...

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Japan Faces Economic Stagnation As Stocks Plunge After Rate Hike

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JAPAN TODAY
 
Japan faces the threat of economic stagnation as panic selling gripped the Tokyo stock market, triggered by economic uncertainty and the Bank of Japan's surprise interest rate hike amid low private spending.
The Nikkei stock index plunged over 2,000 points less than an hour after th...

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Weak Yen Helps Toyota Compensate For Japan Problems

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JAPAN TODAY
 
Toyota reported a modest rise in first-quarter net profits on Thursday as a weak yen and cost cuts helped the Japanese auto giant overcome a drop in production and sales in its home market.
The firm said net income rose 1.7 percent to 1.33 trillion yen ($8.9 billion) and operating p...

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Japan Stocks Plunge By Nearly 6% In Biggest Drop Since Start Of Pandemic

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CNN
 
Japanese stocks plunged Friday as global markets were rattled by worries about the US economy and as traders braced for further interest rate hikes from the Bank of Japan.
The Nikkei 225 ended 5.8% lower, the index’s biggest daily drop since March 2020. It extended a global stock rout that ...

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Japan Rivals Nissan And Honda Will Share EV Components And AI Research As They Play Catch Up

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AP NEWS
 
Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving.
A third Japanese manufacturer, Mitsubishi Motors Corp., has joined the Nissan-Honda partnership, sharing the view that speed ...

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Japan’s Quail Egg Industry Takes A Severe Blow After A Sharp Decline In Use In School Lunches

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JAPAN TODAY
 
Quail eggs, known as uzura-tamago in Japanese, are highly nutritious and only one-fourth the size of a chicken egg. They’re a common addition to many Japanese dishes, including rice bowls, skewers, bento, and warm stews such as oden in the colder months, and can be easily purchased ...

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