BoJ Minutes: Japan Economy Shows Modest Recovery

RTTNews | 10h 39min ago
BoJ Minutes: Japan Economy Shows Modest Recovery

(RTTNews) - members of the Bank of Japan's Monetary Policy Board agreed that Japan's economy has recovered modestly, and is expected to continue to do so, minutes from the board's September 19-20 monetary policy meeting revealed on Wednesday.

Some uncertainties remain for Japan's economy, the members added - mostly from some fluid developments overseas.

Services prices have continued to rise moderately, reflecting wage increases, the minutes showed. Annual inflation is projected to be pushed up through fiscal 2025.

At the meeting, the BoJ kept its benchmark interest rate unchanged at 0.25 percent, as widely expected. The BoJ ended its negative interest rate policy in March.

read more
Bank Of Japan Keeps Key Rate Unchanged

Bank Of Japan Keeps Key Rate Unchanged

The Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming US presidential election added concerns about economic outlook. In a unanimous vote, the Policy Board decided to maintain the uncollateralized overnight call rate to remain at around 0.25 percent. This was the highest since late 2008.
RTTNews | 6 days ago
Japan Retail Sales Gain 0.5% On Year In September

Japan Retail Sales Gain 0.5% On Year In September

The value of retail sales in Japan was up 0.5 percent on year in September, the Ministry of Economy, Trade and Industry said on Thursday - coming in at 13.489 trillion yen.
RTTNews | 6 days ago
Japan Jobless Rate Falls To 2.4% In September

Japan Jobless Rate Falls To 2.4% In September

The unemployment rate in Japan came in at a seasonally adjusted 2.4 percent in September, the Ministry of Internal Affairs and Communications said on Tuesday.
RTTNews | 8 days ago
Tokyo Inflation Falls Below 2%

Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
RTTNews | 12 days ago
Japan Private Sector Contracts For First Time In 4 Months

Japan Private Sector Contracts For First Time In 4 Months

Japan's private sector fell into the contraction zone for the first time in four months in October, the Purchasing Managers' survey compiled by S&P Global showed on Thursday. The au Jibun Bank flash composite output index posted 49.4 compared to 52.0 in the previous month. A score below 50 suggests contraction. Both manufacturing and services shrank in October due to a muted economy.
RTTNews | 13 days ago