The Bank of Japan has created a new public relations video for the first time in five years and started showing it at the beginning of November.
In the 18-minute video titled "The Bank of Japan in Our Daily Lives," BOJ Governor Haruhiko Kuroda demonstrates the central bank's resolve to tackle deflation and other challenges facing the Japanese economy.
The video underscores the importance of price stability, explaining a vicious cycle in which continued drops in goods and services prices reduce profits at manufacturers and retailers as well as wages, resulting in a deterioration in the economy.
A researcher embroiled in a fabrication scandal that has rocked Japan's scientific establishment said Friday she would resign after failing to reproduce results of what was once billed as a ground-breaking study on stem cells. (Japan Today)
The Japanese Bankers Association said Thursday the banking industry will launch a settlement system to allow instant fund transfers between banks 24 hours a day all year round in Japan from 2018. (Jiji Press)
The Chiba Public Safety Commission has banned a 29-year-old man from Matsudo, Chiba Prefecture, from riding a bicycle for 90 days, after he was found guilty of cycling under the influence of "kiken" quasi-legal drugs. (Japan Times)
Heavy snow caused a power outage along parts of the Joetsu Shinkansen Line for about six hours on Sunday morning, leaving some 300 passengers trapped in a bullet train for 2½ hours near the mountainous southern border of Niigata Prefecture. (Japan Times)