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BOJ

U.S. Treasury Secretary Scott Bessent said the U.S. is “absolutely not” intervening in the dollar-yen market.
BUSINESS / Markets
Jan 29, 2026
Traders highlight risks for Japan going solo on yen intervention
Hopes were dented after Bessent said on Wednesday the U.S. is “absolutely not” intervening in the dollar-yen market.
A monitor at the foreign exchange trading company Gaitame.com in Tokyo displays the yen exchange rate against the U.S. dollar at the company's dealing room on Monday.
COMMENTARY / Japan
Jan 28, 2026
Japan is getting creative with its response to the weak yen
But if Tokyo is indeed coordinating policy — or messaging at least — with the U.S. to strengthen the currency, it marks a new and more creative era.
Finance Minister Satsuki Katayama speaks during the World Economic Forum annual meeting in Davos, Switzerland, on Tuesday.
BUSINESS / Markets
Jan 23, 2026
Finance chief Katayama watching yen rate ‘with sense of urgency’
Katayama was speaking after the yen gyrated sharply at the conclusion of a press briefing by Bank of Japan Gov. Kazuo Ueda.
The Bank of Japan headquarters in December. The central bank has opted to leave rates unchanged ahead of next month's election.
BUSINESS / Markets
Jan 23, 2026
Bank of Japan leaves rates unchanged ahead of February election
Rates were raised at the last policy board meeting to 0.75% from 0.5%.
Core inflation rose 3.1% for all of 2025, marking the fourth consecutive year in which consumer price index gains exceeded the Bank of Japan’s 2% inflation target.
BUSINESS / Economy
Jan 23, 2026
Japan’s inflation slows on subsidy effect ahead of BOJ decision
Consumer prices excluding fresh food rose 2.4% in December from a year earlier, with the pace decelerating from 3% in November.
Bank of Japan Gov. Kazuo Ueda in December. Rate increases are expected later this year.
BUSINESS / Markets
Jan 21, 2026
Bank of Japan expected to keep rates steady ahead of February election
Policy rate is 0.75%, a 30-year high, after an increase in December.
A Bank of Japan survey released Monday showed consumer sentiment rose for a second straight quarter, while views on living conditions worsened amid higher prices.
BUSINESS / Economy
Jan 20, 2026
Consumer sentiment in Japan improves for two straight quarters
The results apparently suggest that an increasing number of people think the overall economy is getting better but higher prices are weighing on livelihood.
Citigroup predicts the Bank of Japan will potentially raise interest rates three times this year.
BUSINESS / Economy
Jan 20, 2026
Citigroup sees risk of three BOJ rate hikes in 2026 on weak yen
The Bank of Japan will potentially raise interest rates three times this year to double the current level if the yen’s weakness persists.
A traffic sign in front of the Bank of Japan headquarters in Tokyo last month
BUSINESS / Markets
Jan 17, 2026
Yen watchers face double whammy of BOJ and election uncertainty
Yen traders are on edge for the risk of renewed volatility in the currency as uncertainty over the nation’s snap election grows with a Bank of Japan meeting approaching next week.
The most popular timing for the next hike is July, by a wide margin, with 48% of economists picking that month, according to the Bloomberg’s survey of 52 economists.
BUSINESS / Economy
Jan 16, 2026
BOJ watchers see next rate hike by July with yen as the X factor
All the respondents to a survey predicted policymakers will keep the benchmark rate unchanged at the next BOJ gathering this month, with the most popular timing being July.
The Bank of Japan risks weakening its independence by treating silence and limited transparency as protection rather than accountability.
COMMENTARY / Japan
Jan 15, 2026
Silence won’t protect the Bank of Japan’s independence
Why then does silence persist? Because in today’s institutional environment, speaking carries visible political risk, while silence carries little immediate cost.
U.S. Federal Reserve Chair Jerome Powell. The Bank of Japan's decision not to sign a statement expressing solidarity with Powell was in line with its long-held ‌practice of withholding comment on controversial topics, analysts say.
BUSINESS / Economy / ANALYSIS
Jan 15, 2026
BOJ puts self-defense ahead of solidarity with Fed’s Powell
The BOJ’s decision not to sign the statement was in line with its long-held ‌practice of withholding comment on controversial topics, analysts say.
A narrowing of the yield premium of U.K. debt over Japanese government bonds has led to the appeal of gilts fading.
BUSINESS / Markets
Jan 13, 2026
Japanese funds sell most U.K. bonds since 2011 amid fiscal concern
Higher bond yields in Japan also sapped demand for gilts.
The Bank of Japan's headquarters in Tokyo
BUSINESS / Economy
Jan 9, 2026
BOJ indicates it’s eyeing more rate hikes with regional report
Most BOJ watchers expect the pace of rate hikes to be once in every six months or so.
Outlays by households adjusted for inflation gained 2.9% in November from a year earlier, with the advance driven by outlays on cars and communications, according to the internal affairs ministry.
BUSINESS / Economy
Jan 9, 2026
Japan’s household outlays rose ahead of Takaichi’s stimulus plan
Outlays by households adjusted for inflation gained 2.9% from a year earlier, with the advance driven by outlays on cars and communications, the internal affairs ministry reported.
The Japanese government's dependence on ad hoc spending measures and temporary revenue boosts conceals the real scope and effects of government expenditures, making fiscal transparency and clear reporting vital for economic accountability.
COMMENTARY / Japan
Jan 8, 2026
Japan needs fiscal transparency more than ever
Oversized supplementary budgets, symbolic tax measures and broad transfers cannot substitute for clarity and coherence.
2026 is shaping up as a year of competing forces for Japan, with strong underlying momentum and reform potential outweighed by the risks from inflation, geopolitics and policy missteps if leadership does not act decisively.
COMMENTARY / Japan
Jan 8, 2026
The top 10 surprises for the Year of the Fire Horse
For 2026, the only certainty is that this year of the Fire Horse will be shaped both by existing trends that evolve and genuine surprises.
Base pay in Japan increased 2% in November from a year earlier, according to the labor ministry.
BUSINESS / Economy
Jan 8, 2026
Japan’s base pay growth holds steady, but nominal wage increases slow
The mixed signals come two weeks before the Bank of Japan next meet to decide policy.
A screen displays Japan's 10-year government bonds (left) and the rate of the yen against the dollar outside a securities firm in Tokyo on Monday.
BUSINESS / Economy
Jan 6, 2026
Japan’s 10-year bond sale draws investor demand on high yields
Japanese government bond yields have recently risen to around multi-decade highs as investors consider the Bank of Japan’s rate-hike path.
Bank of Japan Gov. Kazuo Ueda
BUSINESS / Economy
Jan 5, 2026
Ueda highlights BOJ’s intention to keep raising rate to bankers
The central bank raised its benchmark rate to 0.75% on Dec. 19, the highest level in three decades, with some expecting the next move to come around the middle of the year.

Longform

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What Yokoze can teach Japan about rural revival