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.
Japan has been stung by its third political scandal in a week after the country's new industry minister - whose predecessor resigned over allegations of misspending - admitted that his staff had spent office money at a sex bar. (The Guardian)
The government said Friday it has chosen Nobel physics prize laureates Shuji Nakamura and Hiroshi Amano and five others as this year's winners of Japan's top cultural award, the Order of Culture. (Kyodo)
In possibly a legal first, a female civil servant on Tuesday sued the government over what she calls institutional sexism at the ministry she works for, citing almost two decades of blocked promotions and pay raises. (Japan Times)