Japan's wholesale inflation hits 40-year high as fuel costs spike

TOKYO (Reuters) – Japan’s wholesale inflation hit a four-decade high in October, following a similar spike in China’s factory gate prices as supply bottlenecks and rising commodity costs threatned Asian corporate profits.FILE PHOTO: People walk at a crossing in Shibuya shopping area, amid the coronavirus disease (COVID-19) pandemic, in Tokyo,

BOJ policymakers stress need to keep easy policy on weak inflation

TOKYO (Reuters) – Bank of Japan (BOJ) policymakers see the need to maintain ultra-easy policy as inflation is rising only modestly and wage growth remains feeble, a summary of opinions from their October meeting showed on Monday.FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank

Japan PM's nuclear push faces resistance ahead of election

KASHIWAZAKI, Japan (Reuters) – Prime Minister Fumio Kishida’s push to restart Japanese nuclear power plants idled after the Fukushima disaster faces stiff opposition ahead of a general election on Sunday, where his future as leader hangs in the balance if the vote is tight.FILE PHOTO: An anti-nuclear activist demonstrates in

Japan's stock market emerges as clear winner of Suga's abrupt resignation

TOKYO/SINGAPORE (Reuters) – While the race for ruling party leader remains wide open, the Japanese stock market has emerged as a clear winner of Prime Minister Yoshihide Suga’s abrupt departure, with the broad Topix index soaring to 31-year highs.FILE PHOTO: FILE PHOTO: Japanese Prime Minister Yoshihide Suga attends a news

‘You will regret this’: Japan crime boss’s chilling threat to judge after being sentenced to death

A Japanese crime boss issued a sinister warning to a judge after he was sentenced to death for ordering a murder and attacks on citizens. Satoru Nomura, the 74-year-old head of the Kudo-kai yakuza group which has some 220 active members, denied accusations he masterminded the grisly crimes. Fukuoka District

Tokyo shows an inflation pulse for the first time in a year

TOKYO (BLOOMBERG) – Tokyo consumer prices unexpectedly rose for the first time in a year, another sign of a recovering inflation pulse in Japan, though the pace of gains was far from the levels fuelling fears elsewhere in the world. Prices in Japan’s capital, excluding those for fresh food, ticked

Japan: At least three dead and dozens feared missing after landslide in Atami

Rescuers are searching for dozens of people who are feared missing after a giant landslide ripped through a Japanese seaside resort. At least three people were killed after the landslide destroyed more than 100 homes in Atami, a city situated 60 miles southwest of Japan’s capital Tokyo. Initially, 147 people

Japan emergency curbs push private-sector factory activity into contraction, while consumer prices extend falls

TOKYO (REUTERS) – Japan’s factory activity expanded at a slower pace in May as growth in output and new orders eased, in a sign emergency curbs to stem a rise in coronavirus infections were hampering the country’s economic recovery. Activity in the service sector contracted at the fastest pace in

In turning point for Kuroda, BOJ may phase out asset-buying goal

TOKYO (Reuters) – The Bank of Japan may phase out a numerical target for its risky asset buying at a policy review on Friday, highlighting the rising cost of prolonged easing and marking a turning point for Governor Haruhiko Kuroda’s massive stimulus programme.FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko