TOKYO—The Bank of Japan must maintain ultra-loose monetary policy as recent cost-push inflation could hurt the economy, Governor Haruhiko Kuroda said on Tuesday, highlighting a widening gap with the U.S. Federal Reserve’s aggressive tightening plan. The central bank’s increasingly isolated dovish stance helped push the yen below 120 to the dollar on Tuesday for the…
Japan’s Central Bank Renews Powerful Easing Pledge After Hawkish Fed Signal
Japan Brewer Kirin to Exit Myanmar, Seek Sale of 2 Units
TOKYO—Japanese beverage maker Kirin Holdings said on Monday it would withdraw from its business in Myanmar and terminate its joint venture with a military-linked partner. Kirin has been in a dispute with local partner Myanma Economic Holdings Public Company Limited (MEHPCL) on how to wind-down their brewery venture following a military coup against the democratically…
Ikea Offering Tiny Apartment in Tokyo for Less Than $1 per Month
Ikea is branching out into real estate and is now offering a tiny home in Japan for less than $1 per month as part of its Tiny Homes apartment rental service campaign. The Swedish retailing giant, best known for its compact and low-priced furniture, shared details of the new apartment in a release this week….
Man With Knife Stabs at Least 10 on Tokyo Train, Starts Fire
TOKYO—A man brandishing a knife on a Tokyo commuter train on Sunday stabbed several passengers before starting a fire, police said. NHK public television said at least 10 passengers were injured, including one seriously. The attacker, only identified as a man in his 20s, was arrested on the spot and was being investigated on suspicion…
Man Dressed as Joker Stabs Passengers on Tokyo Train, Starts Fire, Injuring 17
TOKYO—A 24-year-old man dressed in Batman’s Joker costume attacked passengers on a Tokyo train line on Sunday evening, injuring 17 people as many party-goers headed into the city centre for Halloween gatherings, media reported. Police arrested the suspected attacker on the spot, media reported. A man believed to be in his 60s was unconscious and…
More Than 30 Injured After 5.9 Magnitude Earthquake Strikes Tokyo
Dozens of people have been left injured after a powerful magnitude 5.9 earthquake struck Tokyo on Thursday evening. The earthquake—the largest Japan has seen since 2011—occurred at 10:41 p.m. local time and damaged underground water pipes, derailed passenger trains, and caused fires in at least one home, according to The Japan Times. Japan’s Meteorological Agency said the quake was…
Magnitude 6.1 Quake Shakes Tokyo Area; No Tsunami Danger
TOKYO—A powerful earthquake registering a preliminary magnitude 6.1 shook the Tokyo area on Thursday night, but officials said there was no danger of a tsunami. The Meteorological Agency said the quake was centered in Chiba prefecture, just east of Tokyo, at a depth of 48 miles. It caused buildings to sway but there were no…
Tokyo Prosecutors Seek Two-Year Sentence for Former Nissan Executive Kelly
TOKYO—Japanese prosecutors asked a Tokyo court on Wednesday to send former Nissan Motor executive Greg Kelly to prison for two years for his alleged part in helping Carlos Ghosn, the carmaker’s ousted CEO, hide earnings. Prosecutors, who are also seeking a 200 million yen ($1.8 million) fine for the Japanese carmaker, called for the jail…
Japan Protests South Korean Court Ordering Sale of Mitsubishi Heavy Assets
TOKYO—Japan has protested a South Korean court order that assets seized from Mitsubishi Heavy Industries be sold off to pay compensation to two women subjected to forced labor for the company during Japan’s occupation of the Korean peninsula. A support group for the South Korean forced labor victims welcomed the court decision as a “step…
Japan to Lift State of Emergency in All Regions at End of Month: NHK
TOKYO—Japan plans to lift its COVID-19 state of emergency, which covers 19 prefectures, in all of the regions at the end of September, broadcaster NHK reported on Monday. Prime Minister Yoshihide Suga said he discussed easing measures with relevant ministers on Monday, and would seek the views of a government panel of advisers on Tuesday….
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