TOKYO : Confidence among big Japanese manufacturers improved in the three months to June to reach levels unseen in two years, a closely-watched survey central bank showed, backing up on its view the economy is on track for a moderate recovery.
File photo: A worker assembles an air drill at the factory of manufacturer Katsui Kogyo in Higashiosaka, Japan June 23, 2022. REUTERS/Sakura Murakami/File photo
The headline sentiment index for big manufacturers rose to +13 in June from +11 in March, slightly exceeding a median market forecast for a reading of +12, the survey showed on Monday. The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March as it judged that sustained achievement of its 2 per cent inflation target has come into sight.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects aliveTOKYO: Core inflation in Japan's capital accelerated in June on rising fuel bills and the boost to import costs from a weak yen, data showed on Friday (Jun 28), keeping alive expectations for a near-term interest rate hike by the central bank.
Read more »
Japan's Kishida says no plan for pension fund to buy BOJ's ETF holdingsTOKYO : Japanese Prime Minister Fumio Kishida said on Monday he has no plan for the government's pension fund to buy the central bank's holdings of exchange-traded funds (ETF)."The Bank of Japan holds ETFs as part of its monetary policy efforts to achieve its price target.
Read more »
Japan core inflation set to accelerate, keeping BOJ on track for more rate hikesTOKYO: Japan's nationwide core consumer inflation likely accelerated to 2.6 per cent year-on-year in May from 2.2 per cent in the previous month, a Reuters poll of 18 economists showed on Friday (Jun 14), keeping the central bank on track to raise interest rates further in coming months.
Read more »
Japan May wholesale inflation jumps, complicates BOJ rate hike pathTOKYO: Japan's wholesale inflation jumped in May at the fastest annual pace in nine months, data showed on Wednesday (Jun 12), a sign the weak yen was adding upward pressure on prices by pushing up the cost of raw material imports.
Read more »
Japan's FX diplomat says Tokyo ready to respond to rapid FX movesTOKYO: Japan is always ready to take action against excessive market moves, Tokyo's top currency diplomat Masato Kanda said on Monday (Jun 24), as the yen fell close to 160 to the dollar, raising market caution for fresh intervention.
Read more »
Tying the knot: Celebrating Cartier and Japan’s 50-year love affair at Tokyo National MuseumThe French luxury house and Japan's largest museum have joined hands to stage an exhibition featuring stunning creations by Cartier artisans and works by contemporary Japanese artists.
Read more »