Search result for JAPANESE GOVERNMENT
There was no indication that the Bank of Japan would take a more hawkish stance at its January meeting.
Bank of Japan stated that existing yield curve control must be maintained because of the expectation that it will take some time to achieve the 2% inflation stability target. According to Jeff Ng of MUFG, recent salary agreements will certainly sustain inflation at its elevated historical levels....
TOKYO STOCKS END LOW OVER FALL IN TECHNOLOGY ISSUES
Highlights –
- Tokyo stocks end low over fall in technology issues.
- The 225-issue Nikkei Stock Average ended down 116.59 points, or 0.40 percent.
- Topix index of all First Section issues on the TSE finished 0.49 point, or 0.03 percent.
TOSHIBA CORP. PRESIDENT & CEO RESIGN OVER INTERNAL MANAGEMENT CONFLICT
Highlights –
- Toshiba Corp. President & CEO resign over management conflict.
- Chairman Satoshi Tsunakawa takes up the posts of Kurumatani.
- The conflict happened over a proposed buyout of the company by CVC Capital Partners. <...
TOKYO OLYMPICS TO SECURE 300 HOTELS ROOMS FOR ATHLETES WITH COVID-19
Highlights –
- Tokyo Olympics to secure 300 hotel rooms for athletes with COVID-19.
- The hotel will be used to isolate and treat the athletes testing positive for the virus.
- The organizers have also planned to prepare up to 30 speci...
JAPAN TO SIGN A TENTATIVE 1-YEAR DEAL OVER SHARING COSTS FOR HOSTING U.S TROOPS
Highlights –
- Japan to sign a tentative 1-year deal over sharing costs for hosting U.S troops.
- Tokyo spends part of the cost of stationing around 55,000 U.S. military personnel in Japan.
- Japan Foreign Minister had a phone call over the...
ECONOMIC ASSESMENT BY JAPANESE GOVT. FOR DECEMBER REMAINS UNCHANGED
Highlights –
- Economic assessment by Japanese Govt. for December remains unchanged.
- The Cabinet Office reported the Japanese economy to be slowly picking up.
- The latest report upgraded its view on exports and imports.
- For th...
BERLIN DECIDES TO KEEP ‘COMFORT WOMAN’ STATUE; JAPAN EXPRESSES REGRET
Highlights –
- Berlin decides to keep ‘Comfort Woman’ statue; Japan expresses regret.
- The statue was installed by a South Korean civic group in Berlin’s Mitte district.
- The Mitte district has permitted the installation...
POSTPONEMENT OF TOKYO GAMES 2021 WOULD COST AROUND 200 BILLION YEN: OC
Highlights –
- Postponement of the Tokyo Games 2021 would cost around 200 billion yen: OC.
- The central, Tokyo metropolitan govt. and the Tokyo Olympic organizing committee will further discuss plans.
- The Tokyo Olympics organizing commit...
PANDEMIC SAW JAPANESE SCHOOL CHILDREN INDULGE IN 50-YEAR-OLD DORAEMON COMIC SERIES
Highlights –
- Pandemic saw Japanese school children indulge in 50-year-old Doraemon comic series.
- More than 5 million comic books were printed in the 12 months to November.
- The comic book has a total of 45 volumes.
- In March ...
JAPAN GOVERNMENT PLANS TO GIVE TAX INCENTIVES TO FOREIGN RESIDENTS IN THE COUNTRY
Highlights –
- Japan government plans to give tax incentives to foreign residents in the country.
- The plan comes with respect to turning the country into an international financial hub.
- The Cabinet is expected to approve the government&...
BUSINESS LOBBIES IN JAPAN AIM TO HAVE WOMAN FOR EXECUTIVE POSITIONS
Highlights –
- Business lobbies in Japan aim to have women for executive positions.
- The biggest business lobbies are aiming for 30% of the above positions by 2030.
- Japan occupies the last place in the World Economic Forum’s gender...
JAPANESE GOVERNMENT PLANS TO ABOLISH THE CAP ON INCOME FOR FERTILITY TREATMENT
Highlights –
- Japanese government plans to abolish the cap on income for fertility treatment.
- The cap in order to qualify for subsidies, a couple’s combined annual income is currently set at 7.3 million yen.
- Japan’s current...
GUNMA PREFECTURE TO CONTINUE PARTICIPATION IN THE ‘GO TO TRAVEL’ SUBSIDY PLAN
Highlights –
- Gunma prefecture to continue participation in the ‘Go To Travel’ subsidy plan.
- It will also continue the ‘Go To Eat’ program announced by the central government earlier.
- The current state of infect...
JAPAN’S JTB CORP. TO REDUCE WORKFORCE UNDER BROAD RESTRUCTURING
Highlights –
- Japan’s JTB Corp. to reduce workforce under broad restructuring.
- JTB is said to have recorded a net loss of 78.17 billion yen for the April-September period.
- The company plans to reduce 115 outlets in Japan and clos...
PANDEMIC FORCES JAPANESE COMPANIES TO CUT BACK ON JOB OFFERS TO NEW GRADUATES
Highlights –
- Pandemic forces Japanese companies to cut back on job offers to new graduates.
- Only 69.8% of university students graduating next spring have received job offers.
- The ratio has fallen to below 70% in October alone.
AUSTRALIA AND JAPAN LEADERS REACH ON A BASIC AGREEMENT OVER BILATERAL DEFENSE PACT
Highlights –
- Australia and Japan leaders reach a basic agreement over bilateral defense pact.
- On Tuesday, the leaders from the above countries held in-person talks.
- Japan considers Australia to be a semi-ally and signed a defense coop...
BONUS FOR JAPANESE GOVT. EMPLOYEES TO BE CUT FOR FISCAL 2020
Highlights –
- Bonus for Japanese Govt. employees to be cut for fiscal 2020.
- The decision was in line with the National Personnel Authority’s recommendation.
- The annual summer and winter bonuses would be worth 4.45 months of sala...
ENTRY BAN TO BE LIFTED BY JAPAN FOR CHINA, SOUTH KOREA, TAIWAN, 6 OTHER COUNTRIES
Highlights –
- Entry ban to be lifted by Japan for China, South Korea, Taiwan, 6 other countries.
- Japan still continues to suspend visa waiver agreements with other countries.
- Japanese nationals and foreign residents returning from ove...
JAPANESE COMPANIES’ RETAINED PROFITS HIT A RECORD HIGH IN FISCAL 2019
Highlights –
- Japanese companies’ retained profits hit a record high in fiscal 2019.
- Retained corporate profits in the year through March rose by 2.6 percent.
- Pretax profits of domestic companies plummeted by 14.9 percent. ...
BOJ BEGINS A TWO-DAY POLICY MEETING ON WEDNESDAY TO ASSESS THE ECONOMY
Highlights –
- BOJ begins a two-day policy meeting on Wednesday to assess the economy.
- BOJ in July had forecasted the economy to shrink by 4.7 percent in fiscal 2020.
- The central bank also forecasted the consumer price index to drop by ...