Business News Asia
The Ministry of Agriculture, Forestry, and Fisheries in Japan has reported a 14.3% increase in the value of Japan’s exports of agricultural and fishery products in 2022. The exports reached a new high of 1.4 trillion yen ($10.88 billion), marking…
Factory activity in Japan remained in contraction for a third consecutive month in January, according to the latest Japan Manufacturing Purchasing Managers’ Index (PMI). Despite this, the outlook for producers remains optimistic as better supply and prices are expected. The…
Japan’s ruling Liberal Democratic Party (LDP) committee on trade and industrial affairs has expressed confidence that China will retaliate against Japan for supporting the United States in regulating technology exports to China. The committee urged companies affected by the situation…
Tokyo’s core consumer price index (CPI) rose 4.3% in January from the previous year, surpassing the Bank of Japan’s (BOJ) target for the eighth consecutive month, according to government data released on Monday. The index, which excludes fresh food prices…
According to government data released on Friday, Japan’s main consumer prices rose 4.0% in December from a year earlier. This is an increase in the core consumer price index, which excludes volatile fresh food but includes the cost of oil,…
Japan’s exports slowed sharply in December, due to ongoing pressure on Chinese demand. As imports rose, the trade balance remained negative for the 17th consecutive month. According to data released by the Ministry of Finance (MOF) on Thursday, exports rose…
More than half of Japanese companies plan to increase employee wages this year, in response to the Prime Minister’s request to help workers cope with rising consumer prices. The government has repeatedly called on companies to raise wages, which have…
Government data released on Wednesday revealed that Japan’s major machinery orders fell 8.3% in November compared to the previous month. This drop was greater than economists’ expectations of a 0.9% decrease and marked the first decline in two months, following…
In December, Japan’s wholesale prices experienced a significant increase of 10.2% YoY, surpassing market expectations. This upward trend in prices is a clear indication of rising inflationary pressure and may prompt the central bank to consider raising interest rates as…
Data released by the government on Tuesday showed that Japanese household spending fell 1.2% in November from a year earlier, while the market had expected a 0.5% increase. Compared to the previous month, household spending fell 0.9% in November.
