The Bank of Japan (BOJ) has raised its short-term policy rate to “around 0.5%,” marking its highest level in 17 years. This decision follows December’s inflation surge, with core consumer prices rising 3% year-on-year, the fastest pace in 16 months.
Browsing: Japan economy
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Thursday, Oct. 31, 2024. The Bank of Japan kept its benchmark interest rate unchanged while…
Japan stocks jump 10% after global markets slump Japanese stocks bounced back on Tuesday morning, recovering after a sharp drop on Monday. The Nikkei 225…
Asia stock markets plunge after US shares tumbled Asian markets took a major hit on Monday, mirroring sharp declines seen worldwide last week. Japan’s Nikkei…
Official revised growth figures show Japan has avoided falling into a technical recession. The new data shows GDP was 0.4% higher in the last three months of 2023 compared to a year earlier.
Japan unexpectedly slips into a recession Japan has unexpectedly slipped into a recession as its economy contracted for two consecutive quarters. In the final three…