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Erica Yokoyama
Sales at department stores in Japan climbed strongly from a year earlier, likely helped by robust tourist spending.
BUSINESS / Economy
Jun 29, 2026
Japan’s retail sales rise for third month on wage gains and subsidies
The 1.9% month-on-month advance was led by sales of vehicles, pharmaceuticals and cosmetics.
Industrial espionage, chip smuggling and drug trafficking are exposing Japan's growing economic security vulnerabilities.
BUSINESS / FOCUS
Jun 29, 2026
Chinese spies and smuggled drugs fuel Takaichi’s security push
Across a range of industries, Japan’s economic-security vulnerabilities have been on display in a slew of recent incidents.
Prime Minister Sanae Takaichi speaks during a news conference in Tokyo in April
JAPAN / Politics
Jun 25, 2026
Japan unveils multiyear framework as part of budget reform
The mechanism is expected to start next fiscal year and will be used to fund measures including investments in economic security and crisis preparedness.
Prime Minister Sanae Takaichi aims to put her stamp on Japan’s growth strategy as technological change and geopolitical tensions reshape economic priorities.
BUSINESS / Economy
Jun 24, 2026
Japan unveils $2.3 trillion investment plan for next 14 years
The roadmap marks a key step in Takaichi’s effort to put her stamp on Japan’s growth strategy as technological change and geopolitical tensions reshape economic priorities.
Japan's core consumer prices, excluding fresh food, in May rose 1.4% from a year earlier, matching the lowest level since 2022.
BUSINESS / Economy
Jun 19, 2026
Japan’s inflation holds steady as subsidies restrain energy
Core consumer prices, excluding fresh food, rose 1.4% year on year in May, in line with economists’ expectations and matching the lowest level since 2022.
Corporate goods prices rose again in May, signaling stronger inflationary pressure across Japan’s supply chains as the war in Iran keeps energy prices elevated, with input prices up 0.9% from a month earlier, the Bank of Japan said Wednesday.
BUSINESS / Economy
Jun 10, 2026
Japan’s producer prices jump again on elevated energy costs
The measure of input prices for Japanese firms rose 0.9% in May from a month earlier, and April’s increase was revised higher, the Bank of Japan says.
The pharmaceutical industry is among the most strained sectors, with profits squeezed by drug price cuts and rising costs amid Middle East tensions, according to Shunji Horitani, president of the Japanese Federation of Energy and Chemistry Workers’ Unions.
BUSINESS / Economy
Jun 10, 2026
Wage gains at Japan’s smaller firms at risk as Iran war drags on
Many of such companies lack the pricing power to fully pass rising costs on to customers because of intense competition and entrenched business practices.
Finance Minister Satsuki Katayama says Japan is currently undergoing the greatest budgetary reform process since the end of World War II.
BUSINESS / Economy
Jun 9, 2026
Katayama says Japan undergoing biggest budget reform since 1945
The government plans to incorporate as much spending for one year as possible into the initial budget rather than rely on additional funding via supplementary packages.
Vice Finance Minister for International Affairs Atsushi Mimura speaks to reporters in Tokyo on May 1 following reports of Japan's possible intervention in the currency market.
BUSINESS / Markets
Jun 5, 2026
Japan likely sold Treasurys to fund yen intervention
Treasury sales may not go down well in Washington where officials have become increasingly focused on the stability of the U.S. government bond market.
Japan’s real wages have risen 1.9% from a year earlier, extending gains to a fourth month and reinforcing expectations for another Bank of Japan rate hike.
BUSINESS / Economy
Jun 5, 2026
Japan’s real wages rise for fourth month, backing BOJ hike
Inflation-adjusted wages rose 1.9% from a year earlier, accelerating from a revised 1.4% gain in the previous month, the labor ministry reported Friday.
Prime Minister Sanae Takaichi’s Cabinet has endorsed a ¥3.1 trillion extra budget to fund measures meant to cushion households from inflation tied to Middle East turbulence.
BUSINESS
Jun 3, 2026
Japan unveils ¥3.1 trillion extra budget to cushion Mideast impact
While the government has yet to specify the usage of that fund, it is expected to be used initially to cap costs for gasoline.
Finance Minister Satsuki Katayama's comments on the yen came after the Finance Ministry disclosed monthly intervention data on Friday.
BUSINESS / Economy
Jun 2, 2026
Katayama restates readiness to act on yen after data shows record intervention
Ministry figures released Friday show that Japan spent ¥11.73 trillion supporting the yen between April 28 and May 27, in a record for a monthlong period.
Capital expenditure excluding software fell 3.5% from the previous quarter in the three months through March, according to the Finance Ministry.
BUSINESS / Companies
Jun 1, 2026
Japan’s firms cut spending over Iran stress despite record profits
Capital expenditure excluding software fell 3.5% from the previous quarter in the three months through March, the Finance Ministry reported Monday.
Chief Cabinet Secretary Minoru Kihara says Japan plans to use what are known as bridging bonds to help finance Prime Minister Sanae Takaichi’s investment plans.
BUSINESS / Economy
May 28, 2026
Japan plans ‘bridging bonds’ to fund investment initiatives
Bridging bonds are designed to cover temporary funding shortfalls on the premise that future funding resources can be secured.
Japan’s net external assets rose to an all-time high at the end of 2025, but the total was surpassed by China, Finance Ministry data shows.
BUSINESS / Economy
May 26, 2026
Japan slips to world’s No. 3 creditor behind Germany and China
Japan’s net external assets rose to an all-time high at the end of 2025, but the total was surpassed by China’s, which climbed at a faster pace.
Former economics professor and Bank of Japan board member Junko Koeda is the second among members who voted in favor of holding settings steady at bank's last policy meeting to have since signaled the likelihood of rate hikes to come. But she has also hinted at caution, saying it’s important to assess the impact stemming from the Middle East conflict.
BUSINESS / Economy
May 21, 2026
BOJ should raise policy rate at appropriate pace, says board member Junko Koeda
Koeda was among those who voted with the majority in favor of holding settings steady at the last policy meeting on April 28.
Real gross domestic product rose 2.1% on an annualized basis in the first quarter, according to a Cabinet Office report on Tuesday.
BUSINESS / Economy
May 19, 2026
Faster economic growth supports BOJ’s case for hike
Real gross domestic product rose 2.1% on an annualized basis in the first quarter, according to a Cabinet Office report.
Prime Minister Sanae Takaichi speaks during an Upper House budget committee meeting on May 11.
JAPAN / Politics
May 18, 2026
Takaichi calls for extra budget amid Middle East shock
The planned supplementary budget is expected to function as an emergency relief measure rather than a broad economic stimulus program.
Finance Minister Satsuki Katayama said an extra budget is not yet necessary, after long-term Japanese government bond yields hit multi-decade highs amid spillover concerns from a spike in U.S. inflation.
BUSINESS / Economy
May 15, 2026
Satsuki Katayama denies need for extra budget as yields rise
The finance minister said that a recent rise in yields on Japanese government bonds is part of a broader global trend.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
May 13, 2026
BOJ’s policy rate likely to reach 2% by end-2027, OECD says
The report marks the OECD’s first survey on Japan since January 2024, when the BOJ’s policy rate was still in negative territory.

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