TOKYO—Japan’s core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus. Months before Tuesday’s surprise tweak to its yield control policy, Bank of Japan (BOJ) policymakers…
Japan’s Consumer Inflation Hits Fresh 40-year High, Eyes on BOJ Policy
US Supports a Stronger Japanese Military to Deter China
Commentary Japan is finally stepping up its defenses against China. Tokyo’s new national security strategy includes an increase in the defense budget from 1 percent of GDP to 2 percent. That will bring Japan into third position globally regarding military spending, behind the United States and China. The United States supports Japan’s tougher strategy. The U.S….
North Korea Vows ‘Decisive Military Step’ Against Japan
North Korea on Tuesday vowed to take a “resolute and decisive military step” against what it calls Japan’s “dangerous choice” to adopt a new national security strategy outlining plans for its military buildup. North Korea’s Ministry of Foreign Affairs said that Japan’s national security strategy formalized a “new line of aggression” that will change the…
Heavy Snowfall Hits Northern Japan, Leaving Hundreds of Vehicles Stranded Overnight
Hundreds of vehicles were stranded on highways in northwestern Japan, and thousands of homes were left without electricity after record-level snowfall since Monday, according to local reports. About 800 cars and trucks were stranded on highways in Kashiwazaki in Niigata prefecture as of 1 a.m. local time on Tuesday. The number dropped to 300 three…
Bank of Japan Widens Yield Curve Control Band, Triggering Jump in Yen
The Japanese yen rose 3 percent against the U.S. dollar on Tuesday after the Bank of Japan (BOJ) modified its yield curve control (YCC) band, allowing long-term government bond yields to trade in a wider range. The BOJ has decided to raise Japan’s 10-year government bond yields from 25 basis points to 50 basis points…
Japan Plans to Replace Aged Nuclear Reactors to Stabilize Energy Supply
Japan’s Industry Ministry has proposed replacing aging nuclear reactors with new ones, marking a reversal from the country’s policy on nuclear power a decade after the 2011 Fukushima disaster. The ministry presented its guidelines on the use of nuclear reactors after gaining the understanding of the public, which appears to favor the move amid the…
Japan Unveils Biggest Military Build-Up Since World War II
TOKYO—Japan on Friday unveiled its biggest military build-up since World War II with a $320 billion plan that will buy missiles capable of striking China and ready it for sustained conflict, as regional tensions and Russia’s Ukraine invasion stoke war fears. The sweeping, five-year plan, once unthinkable in pacifist Japan, will make the country the…
Japan Approves Tax Hikes For Defense Spending, But Defers Implementation
Japan’s ruling bloc agreed on Friday to increase taxes to fund a substantial increase in the country’s defense spending but stopped short of deciding when the measure would go into effect. Prime Minister Fumio Kishida has planned to increase defense spending to 43 trillion yen ($315 billion), or 2 percent of gross domestic product, over…
Japan Military Probe Finds Over 100 Sexual Harassment Cases
TOKYO—Japan’s army on Thursday fired five servicemen and punished four others in a sexual assault case brought by a former soldier, prompting a rare investigation across the Defense Ministry that found over 100 other complaints of harassment, officials said. Rina Gonoi filed a sexual harassment case with the Defense Ministry last year, saying she had…
Miso Hungry | Documentary
December 15, 2022
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