Japanese Economy | South China Morning Post
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  • Mar 28, 2015
  • Updated: 3:04am

Japanese Economy

Abenomics encourages Japanese firms to invest - abroad

Mazda, which operates this joint-venture factory in Thailand, has announced a US$262 million plan to expand in the country. Photo: Reuters

Japanese Prime Minister Shinzo Abe got an early sign of how his blueprint to revive Japan’s industrial vim and economic vigour was working when two of his country’s biggest car makers unveiled US$900 million worth of investments to boost production.

Thursday, 26 September, 2013, 12:20pm

Rush to beat tax means Japan home-buying boom may be temporary

A surge in housebuying in Japan may turn out to be a blip, rather than a trend. Photo: Reuters

“Abenomics” has convinced Ayako Onishi and her husband that now is the time to buy their first home.

19 Jul 2013 - 11:48am

Bank of Japan keeps rates on hold, says economy starting to recover

Japan’s central bank is sticking with its prediction that core consumer inflation will accelerate to close to 2 per cent in the business year to March 2016. Photo: Reuters

The central bank made no major changes to its forecast that consumer inflation will accelerate to nearly 2 per cent by March 2016, a key target for Prime Minister Shinzo Abe's drive to reflate the economy.

12 Jul 2013 - 3:38am

Yen weakness brings cheer to big firms

Manufacturers plan to boost spending 5.5 per cent this financial year, suggesting the positive mood is prompting firms to expand. Photo: EPA

Japanese manufacturers’ sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey showed, a sign the recent market turbulence has yet to hurt the feel-good mood created by the government’s reflationary policies.

2 Jul 2013 - 4:53am

Abe's reflation strategy paying off

Prices of televisions in Japan began rising last year. Photo: Bloomberg

Japan's economy strengthened last month as industrial production rose the most since 2011, retail sales climbed and consumer prices halted a six-month slide, bolstering Prime Minister Shinzo Abe's push to end a deflationary malaise.

29 Jun 2013 - 1:47am

Bank of Japan minutes show member suggested limiting stimulus

Japan is aiming for an inflation rate of 2 per cent. Photo: Reuters

One member of the Bank of Japan's policy board said limiting quantitative easing to two years could help stabilise the bond market, as the central bank's communications about its monetary policy might in fact be increasing volatility in Japanese government bonds.

15 Jun 2013 - 3:06am

Japan machinery orders down as capex struggles

Japan’s Prime Minister Shinzo Abe has unveiled sweeping stimulus policies to revive the economy after a so-called ‘lost decade’ of stagnation and deflation. Photo: AFP

Japan’s core machinery orders fell in April from the previous month, down for the first time in three months as companies remain hesitant to boost capital spending despite Prime Minister Shinzo Abe’s sweeping stimulus policies.

12 Jun 2013 - 11:40am

Abe's arrows go off course

Markets initially reacted warmly to Shinzo Abe's reform programme, but stocks have dipped amid faltering confidence. Photo: AFP

Japan's prime minister, Shinzo Abe, last week tried to launch the third of his famous "three arrows" that are supposed to be his modern weapon of choice to defeat decades of deflation and to put the country back on the road to fast economic growth.

12 Jun 2013 - 3:56am

BOJ keeps policy steady, skips new steps to calm markets

Japanese Prime Minister Shinzo Abe is under pressure to prove that he can reinvigorate the world’s third largest economy. Photo: AFP

The Bank of Japan kept monetary policy steady on Tuesday and held off on taking fresh steps to calm bond market volatility, possibly judging that recent market turbulence has yet to pose a significant risk to the economy’s recovery prospects.

11 Jun 2013 - 1:44pm

Yen strengthens amid doubts about 'Abenomics', upwardly revised growth

Japanese Prime Minister Shinzo Abe. Photo: AFP

Japan's prime minister, Shinzo Abe, is losing the confidence of the currency market, where traders are repudiating his efforts to end persistent deflation and revive the world's third-largest economy.

11 Jun 2013 - 3:25am

Yen heads towards highest weekly rise in five years

Finance minister Taro Aso rules out yen intervention. Photo: Reuters

The yen headed for its largest weekly rise since October 2008 after Japan's finance minister, Taro Aso, said he would not intervene to weaken the currency. Yuji Saito, the director of foreign exchange at Credit Agricole in Tokyo, said: "[Thursday's] sell-off in dollar-yen has picked back up after Aso dismissed the idea of intervention."

8 Jun 2013 - 3:39am

Abe's plan to revive Japan's economy slams into reality

Haruhiko Kuroda's halo has slipped in recent weeks. Photo: Bloomberg

Is the Bank of Japan creating the biggest pyramid scheme in history? In recent weeks, Haruhiko Kuroda has been the toast of the financial world, winning plaudits from Nobel laureates Paul Krugman and Joseph Stiglitz. 

3 Jun 2013 - 5:12am

Take advantage of cheap yen by shopping around

Assessing where the yen is heading is not easy, with global volatility a factor in its rise or fall. Photo: EPA

Holidaymakers looking towards Japan as a destination this summer should think ahead when it comes to currency exchange.

3 Jun 2013 - 1:18am

IMF backs Japan’s ’Abenomics’, but warns of risks

David Lipton, the first deputy managing director of the IMF, sees no problem with the sharp fall in the yen – as long as it is accompanied by fiscal and structural reform. Photo: AFP

The International Monetary Fund on Friday gave a cautious thumbs up to Japan’s economy-boosting efforts, but warned there are “considerable downside risks” if Tokyo doesn’t chop its huge national debt.

31 May 2013 - 2:00pm

Nikkei gains as factory output rise beats hopes

Unemployment is 4.1 per cent but consumer demand remains in the world's third largest economy. Photo: AP

Japanese factories churned out a better-than-expected performance in April, but the upbeat data yesterday was tempered as the country remained mired in deflation.

1 Jun 2013 - 3:40am