Treasury yields rise as Japan's 10-year rate reaches highest in roughly a decade

Sep 11, 2023 | News On Japan

TOKYO - Treasury yields were slightly higher Monday morning after Bank of Japan Gov. Kazuo Ueda hinted at a possible end to negative interest-rate policy.

Government bond yields mostly advanced on Monday after the Bank of Japan suggested it may soon end its negative interest-rate stance.

Ten-year JGB yields BX:TMBMKJP-10Y rose above 0.7% to their highest since 2013-2014, nudging up equivalent U.S. and European yields, after Bank of Japan Governor Kazuo Ueda told the Yomiuri newspaper over the weekend that by the end of 2023, the central bank should have an idea about whether its decade of easy monetary policy can come to an end.

"Once we're convinced Japan will see sustained rises in inflation accompanied by wage growth, there are various options we can take," Ueda said in an interview. "If we judge that Japan can achieve its inflation target even after ending negative rates, we'll do so."

Investors are also contemplating the prospects for U.S. monetary policy ahead of August's consumer price index due Wednesday and a retail sales report for the same month on Thursday, which may influence the thinking of Federal Reserve policy makers ahead of their Sept. 19-20 meeting. ...continue reading

Japan Moves To Tackle Potty Parity

The Japanese government on June 12th released new guidelines calling for women’s toilets to have at least as many fixtures as men’s toilets in public facilities, seeking to address the persistent problem of long queues at women’s restrooms in places such as train stations and event venues.

Captain Endo Withdraws From Japan Squad

Japan captain Wataru Endo has withdrawn from the national team's World Cup squad due to injury and announced his retirement from international soccer, dealing a major blow ahead of Japan's Group F opener against the Netherlands on June 14th (June 15th Japan time), as the team continued preparations near Nashville, Tennessee, on June 11th.

Veteran Photographer Documents Changing Bear Behavior

As bear sightings continue at an unusually high pace across Akita Prefecture, a veteran wildlife photographer who has spent nearly 30 years observing and photographing Asian black bears says the animals are appearing more frequently, moving closer to human settlements, and increasingly adapting their behavior to survive.

Bear Swims Ashore and Roams Popular Kyoto Prefecture Tourist Area

A male Asiatic black bear that appeared at Amanohashidate, one of Japan's Three Scenic Views, in Kyoto Prefecture was captured after prompting the temporary closure of the popular tourist destination and surrounding area, authorities said.

Parrot Predicts Japan to Win All Group Matches at World Cup

A fortune-telling parrot at Nasu Animal Kingdom in Nasu, Tochigi Prefecture, predicted on June 11 that Japan's national soccer team will win all three of its group-stage matches at the FIFA World Cup.

MEDIA CHANNELS

MORE Business NEWS

Nikkei Surges Into 66,000 Range as Kioxia Becomes Japan's Most Valuable Company

Japanese stocks rebounded sharply on June 12th, with the Nikkei Stock Average closing back above the 66,000 level for the first time in a week as easing concerns over tensions in the Middle East and a strong rally in U.S. technology shares fueled broad buying of AI-related stocks.

Japanese Companies Turn To Early Retirement

Restructuring is often associated with companies in financial trouble, but a growing number of profitable Japanese corporations are now encouraging employees to take early retirement as part of efforts to reshape their workforces for the future, creating both opportunities and significant risks for workers considering a second career.

Seven-Eleven, Dentsu Launch New Advertising Venture

Seven-Eleven Japan announced that it will establish a new company with CyberAgent and Dentsu to develop advertising services, using digital signage installed in its stores to deliver targeted advertisements based on real-time conditions.

Gold Slumps Below 23,300 Yen Per Gram in Japan

Domestic gold prices in Japan fell sharply on June 11, with the benchmark retail gold price announced by Tanaka Precious Metal Technologies dropping 906 yen from the previous day to 23,262 yen per gram as of 9:30 a.m., marking the lowest level of the year.

Starbucks Mulls Sale of Japan Business

U.S. coffee giant Starbucks is considering selling its Japan business, with Bloomberg reporting that the company has begun preliminary talks with investment banks and that any deal could be worth between 400 billion yen and 500 billion yen.

Will There Be Another Currency Intervention to Boost Weak Yen?

The Bank of Japan is set to raise its policy interest rate from 0.75% to 1.0% at its monetary policy meeting on June 15th and 16th, a move that could mark another step in the central bank's gradual shift away from ultra-loose monetary policy as inflation remains elevated and the yen continues to weaken.

IT Infrastructure Management Solutions for Businesses in Japan

The contemporary corporate field across Japan is undergoing a profound digital transformation as forward-thinking organizations strive to maintain their market competitiveness in a globalized economy.

Japan Producer Prices Rise 6.3% to Highest Level in Over Three Years

Japan's corporate goods prices rose 6.3% in May from a year earlier, marking the fastest pace of increase in more than three years as higher oil and petrochemical costs linked to tensions in the Middle East pushed up wholesale prices.

< 2 3 4 5 >