Japan names academic Ueda as next central bank governor

TOKYO, Feb 14 (Reuters) - Japan's government named academic Kazuo Ueda as its pick to become next central bank governor, a surprise choice that could heighten the chance of an end to its unpopular yield control policy.

Ueda, a 71-year-old former Bank of Japan (BOJ) policy board member, will succeed incumbent Haruhiko Kuroda, whose second, five-year term ends on April 8, according to documents presented to parliament on Tuesday.

The leadership transition marks a historical end to Kuroda's decade-long monetary experiment that sought to shock the public out of a deflationary mindset, and could eventually align Japan with other major economies toward higher interest rates.

With inflation exceeding the BOJ's 2% target, Ueda faces the delicate task of normalising its prolonged ultra-easy policy that has drawn increasing public criticism for distorting market function and crushing bank margins. ...continue reading

Source: ANNnewsCH

Safety Warning After Elderly Man Chokes on Mochi

An elderly man in Tokyo’s Itabashi Ward died on New Year’s Day after choking on mochi, prompting the Tokyo Fire Department to issue a safety warning.

Year-End Jumbo Lottery Drawn

A draw for the Year-End Jumbo Lottery, with a total prize of 1 billion yen for the first prize and related prizes combined, was held in Tokyo on December 31st.

Rodent Infestation A Growing Concern Across Japan

Reports of rodent infestation have surged nationwide in recent years, posing increasing challenges for homeowners. The issue, which is particularly evident during the year-end season, has left many families struggling to find effective solutions.

Foreign Residents in Japan Exceed 3.5 Million, Tokyo's Indian Community Thrives

This year, the number of foreign residents in Japan surpassed 3.5 million, marking a record high. In Tokyo’s "Little India," there may be clues on how to build a harmonious coexistence.

Flu Infections Reach Alarm Levels in Tokyo for the First Time in Six Years

Influenza infections in Tokyo have reached alarm levels for the first time in six years. As the virus spreads, restaurants and hotels are struggling with a surge in last-minute cancellations during their peak earning season.

MEDIA CHANNELS

MORE Politics NEWS

Ishiba to Move Into Official Residence Amid Ghost Rumors

Prime Minister Ishiba, who plans to move into the official residence as early as December 28th, addressed rumors that the residence is haunted, stating, "I'm from the Oba-Q generation, so I'm not afraid."

Japan’s push for a dual-use defence startup ecosystem

Japan is revolutionising its defence innovation by creating a dual-use startup ecosystem that integrates civilian technologies into defence research. (East Asia Forum)

New Visa Rules Expected to Enhance Japan-China Relations

Japan's Ministry of Foreign Affairs has announced a decision to ease visa requirements for Chinese nationals visiting Japan.

Japan to remain 3rd largest financial contributor to UN in 2025-27

Japan is set to shoulder over 6.9 percent of the total financial contributions by member countries to support the United Nations from 2025 to 2027. It remains the third largest contributor following the United States and China, with the latter's share rising to almost on par with the US. (NHK)

Shared Protestant Faith Could Link Ishiba and Trump in Upcoming Talks

Prime Minister Ishiba attended a Christmas service on Sunday morning, December 22, at a Protestant church in Tokyo. As discussions are underway to arrange a meeting with U.S. President-elect Trump next month, their shared Protestant background may serve as a point of connection.