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BOJ

Bank of Japan Gov. Kazuo Ueda speaks at a meeting in Nagoya on Monday.
BUSINESS
Dec 4, 2025
Key Japan officials would go along with a BOJ December rate hike
The comments come amid heightened speculation that the BOJ will increase the benchmark rate to 0.75% at the end of its next policy meeting on Dec. 19.
Bank of Japan Gov. Kazuo Ueda meets with Prime Minister Sanae Takaichi at the Prime Minister's Office on Nov. 18. During the meeting, Takaichi reportedly acknowledged the central bank's plan to gradually raise rates.
BUSINESS / Economy / ANALYSIS
Dec 4, 2025
BOJ’s Ueda won Takaichi over this time. What happens next?
Gov. Kazuo Ueda’s recent pitch for a December rate hike seems to have been accepted by markets and the administration, but how will the bank communicate its longer-term intentions?
Yields on Japanese government bonds have been rising to decade-plus highs on fiscal concerns and as the central bank gets closer to increasing rates.
BUSINESS / Markets
Dec 2, 2025
Bank of Japan rattles markets globally with hint of a rate increase
Even the possibility of a December move hits bonds, stocks and crypto.
Japan’s "oshikatsu" culture is booming despite inflation, with fans spending heavily on idols and characters in a way that now drives a multitrillion-yen market.
COMMENTARY
Dec 2, 2025
Japan’s inflation-proof ‘stan’ economy is booming
About 10% of the Japanese population engages in “oshikatsu” — but importantly, more than 50% are those crucial arbiters of cool: teenage girls.
Bank of Japan Gov. Kazuo Ueda speaks at a meeting with business leaders in Nagoya on Monday.
BUSINESS / Economy
Dec 1, 2025
BOJ’s Ueda sends clear hint at chance of December rate hike
The central bank “will consider the pros and cons of raising the policy interest rate and make decisions as appropriate,” he told local business leaders in Nagoya.
Japan’s two-year note yield, which is sensitive to monetary policy expectations, rose to its highest level since 2008.
BUSINESS / Markets
Dec 1, 2025
Japan’s two-year yield hits highest since 2008 on rate-hike bets
The swap market is now pricing in about a 76% chance of a rate hike when the central bank delivers its next policy decision on Dec. 19.
Japanese firms' capital expenditure on goods excluding software edged down 0.3% from the previous quarter in the three months through September.
BUSINESS / Economy
Dec 1, 2025
Japanese firms scale back investment as tariff headwinds hit
Capital expenditure on goods excluding software edged down 0.3% from the previous quarter even as corporate profits jumped by the most in two years.
Recent remarks by senior BOJ officials indicate the central bank is willing to revise its monetary policy soon.
BUSINESS / Economy
Nov 29, 2025
Speculation growing for December rate hike by BOJ
Recent remarks by senior BOJ officials indicate the central bank is willing to revise its monetary policy soon.
Consumer prices excluding fresh food in the Tokyo area advanced 2.8% in November from a year earlier, matching the result for the previous month.
BUSINESS / Economy
Nov 28, 2025
Tokyo inflation beats forecast, keeping BOJ on rate hike path
Consumer prices excluding fresh food in the capital advanced 2.8% this month from a year earlier, the internal affairs ministry said Friday.
The value of the Bank of Japan’s holdings of exchange-traded funds reached a record high at the end of September thanks to a stock rally.
BUSINESS
Nov 27, 2025
BOJ’s unrealized gains from ETFs surge before offloading begins
The market value of the Bank of Japan’s holdings of exchange-traded funds reached a record high at the end of September, according to a financial statement.
Labor unions in Japan have already made clear they will again demand bumper pay hikes, as real wage growth has remained negative despite hefty increases in recent years.
BUSINESS / Economy
Nov 24, 2025
Early signs for 2026 wages bolster case for near-term BOJ rate hike
Sustained wage growth would underpin private consumption, giving Japan’s central bank confidence to raise rates without derailing Japan’s economic recovery.
Finance Minister Satsuki Katayama speaking on Wednesday. On Friday, she said that intervention on the currency markets is a “possible option.”
BUSINESS / Markets
Nov 21, 2025
‘Sell Japan’ trade takes a breather as verbal intervention dialed up slightly
The stimulus package that so worried the market came in within expectations
Sanae Takaichi's spending plans have sent Japan's bonds and yen tumbling, raising fears of capital flight similar to the 2022 U.K. bond market turmoil, says Deutsche Bank's global head of currency research.
BUSINESS / Economy
Nov 21, 2025
Deutsche Bank warns of Japan capital flight in echo of U.K. crisis
Japanese government bonds are falling at the same time as the yen, reflecting concerns that the new prime minister’s stimulus plans will worsen the country’s fiscal health.
The yen has deepened recent lows against the dollar as the 'sell Japan' trade gains steam ahead of big fiscal stimulus.
BUSINESS / Markets
Nov 20, 2025
Yen and Japanese bonds continue to retreat as verbal intervention lacking
Ahead of superbig fiscal stimulus, officials choose not to talk up the currency.
Junko Koeda, a Bank of Japan board member, has hinted that there is a chance of a rate hike when the bank delivers its next policy decision on Dec. 19.
BUSINESS
Nov 20, 2025
BOJ board member suggests chance of December hike after yen drop
In her first speech since joining the board in March, Junko Koeda indicated there’s a chance of a rate hike when the bank delivers its next policy decision on Dec. 19.
The yen has been weak against the U.S. dollar in recent weeks, with some analysts expecting the retreat to continue.
BUSINESS / Markets
Nov 19, 2025
Yen rout brings talk of ¥160 to the dollar and possible intervention
New administration hit by triple whammy of falling stocks, bonds and currency
Bank of Japan’s headquarters in Tokyo
BUSINESS / Economy
Nov 19, 2025
BOJ unlikely to hike before March, says panelist advising Prime Minister Takaichi
Goushi Kataoka, a member of Takaichi’s economic growth strategy panel, estimated that a supplementary budget of around ¥20 trillion would be necessary this fiscal year.
Bank of Japan Gov. Kazuo Ueda and Prime Minister Sanae Takaichi met for 25 minutes on Tuesday.
BUSINESS / Economy
Nov 18, 2025
Bank of Japan independence holds as governor meets with super-dovish PM
Any discussion about the movement of interest rates was kept general and vague.
Producer prices in Japan rose 2.7% in October from a year earlier, driven by higher food and copper costs, the Bank of Japan has said.
BUSINESS / Economy
Nov 13, 2025
Producer prices rose 2.7% on year in October, with agricultural goods up 31.4%
The producer price index, which measures the cost of goods traded between businesses, rose for the 56th consecutive month, Bank of Japan data shows.
Prime Minister Sanae Takaichi and other members of a government panel on economic growth strategy gather for their first meeting at the Prime Minister's Office on Monday.
BUSINESS / Economy
Nov 11, 2025
Takaichi eyes stimulus package to jump-start growth plan
Takaichi has signaled a shift toward more expansionary fiscal policy and said that Japan remains only halfway toward achieving stable inflation supported by wage growth.

Longform

The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival