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BOJ's New Chief Keeps Ultra-Low Rates, Embarks On Policy Review

  • Category:Other
REUTERS
 
SummaryBOJ keeps ultra-low interest rate targets unchangedRevamps guidance, removes pledge to keep rates at low levelsQuarterly report projects inflation to hit 1.6% in fiscal 2025Ueda vows to keep ultra-loose policy, warns of YCC side-effectsReview will take 1-1.5 years, won't bind nea...

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Japan's FY2022 Jobless Rate At 2.6%; Improves For 2nd Year In Row

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JAPAN TODAY
 
Japan's unemployment rate for fiscal 2022 fell by 0.2 percentage point from the previous year to an average of 2.6 percent, marking the second straight year of improvement amid a steady recovery from the COVID-19 pandemic, government data showed Friday.
The job availability ratio ro...

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Japan’s SMBC Plans To Triple Stake In Jefferies In Wall Street Push

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FINANCIAL TIMES
 
 New York and Tokyo banks seek deeper ties as they try to compete with larger rivals
Sumitomo Mitsui Banking Corporation is planning to triple its stake in US investment bank Jefferies Financial Group, deepening ties between the Wall Street and Tokyo banks in an effort to compet...

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Hiroshima Wagyu Beef Project Starts, Inspired by G7 Summit

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THE JAPAN NEWS
 
The G7 summit next month is inspiring beef producers and wholesalers in Hiroshima Prefecture to start their own Hiroshima Gyu7 project.
Ahead of the meeting of the heads of major democratic powers, the project aims to use the lead-in to the summit as a springboard to improve the ...

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Tablecross To Promote Gastronomy Tourism And Strengthen Creation Of Original Food Experiences In Japan

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JAPAN TODAY
 
Tablecross Co Ltd, which provides byFood.com, a leading food tourism platform for inbound travelers to Japan, has announced that it has secured $2.24 million in Series A funding to expand recruitment, marketing, and system integration development.
The investment was led by Shoku no ...

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Japan Has Millions Of Empty Houses. Want To Buy One For US$25,000?

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BUSINESS TIMES
 
WHEN Jaya Thursfield found a house he wanted to buy in Japan a few years ago, friends and family told him to forget it. The place wasn’t worth the trouble, they said.
After all, it stood in a forest of shoulder-high weeds after being abandoned about seven years earlier – one of t...

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Japan Core Consumer Inflation Hits 41-Year High Of 3% In FY2022

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JAPAN TODAY
 
Consumer inflation in Japan accelerated to 3.0 percent in fiscal 2022 through March, the fastest pace in 41 years and above the Bank of Japan's 2 percent target, in what the central bank views as a blip caused by higher import costs and a weaker yen, government data showed Friday.
I...

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JP Bank VP Tanigaki to Head Insurance Arm

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THE JAPAN NEWS
 
Japan Post Insurance Co. said Wednesday that it will appoint Japan Post Bank Executive Vice President Kunio Tanigaki as its next president.
Tanigaki, 63, will succeed current Japan Post Insurance President Tetsuya Senda, 62, who will leave the post to take over the presidency of ...

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Japan Posts Record ¥21.73 Trillion Trade Deficit For FY2022

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JAPAN TODAY
 
Japan's trade deficit roughly quadrupled to a record 21.73 trillion yen in fiscal 2022 ended March, as increased energy costs and a weaker yen led imports to grow far more than exports, the Finance Ministry said Thursday.
Imports jumped 32.2 percent from a year earlier to 120.95 tri...

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Kansai Electric’s Data Access Scandal Expands

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THE JAPAN NEWS
 
Kansai Electric Power Co.’s data access scandal has affected information on not just household customers but also corporate customers of rival power retailers, it was learned Wednesday.
Kansai Electric said on the day that a total of 2,010 employees and others had fraudulently ac...

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