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Japanese yen. File | Photo Credit: Reuters Japan’s Finance Minister said Tuesday (June 30, 2026) that authorities were ready to take “appropriate action” after the yen hit a 40-year low against the dollar. The currency has been sliding for years and has come under renewed pressure because of the West Asia war and the gap…
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Bank of Japan headquarters in Tokyo. File | Photo Credit: Kyodo News via AP The Bank of Japan raised its benchmark interest rate to 1% on Tuesday (June 16, 2026), citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a…
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This photo taken on February 15, 2025 shows a panoramic view of Tokyo’s cityscape and Tokyo Skytree. Japan’s economic growth slowed sharply in 2024, cabinet office data showed on February 17, although the rate for the fourth quarter beat market expectations thanks to strong exports. | Photo Credit: AFP Japan’s economy grew at a better-than-expected…
Read More “Japan’s economy grows more than expected on strong exports and moderate consumption” »
Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP released on Thursday, though it grew 1.9% for all of 2023….
Read More “Japan slips into recession; loses its spot as the world’s third-largest economy” »
The International Monetary Fund had forecast Japan’s fall to fourth. | Photo Credit: AFP Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany’s in 2023. The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the…