News On Japan

Bank of Japan Reduces Government Bond Purchases

TOKYO, Jun 14 (News On Japan) - The Bank of Japan decided on June 14th to reduce its government bond purchases following the conclusion of its Monetary Policy Meeting. The pace of the reduction will be determined at the next meeting.

In March of this year, the Bank of Japan ended its negative interest rate policy, significantly shifting from its large-scale monetary easing measures. Despite this, the BOJ has continued to purchase approximately 6 trillion yen worth of government bonds each month to maintain an accommodative environment.

However, the BOJ has now decided to review this framework and reduce the amount of its bond purchases.

The specific scale of the reduction was not disclosed, with a plan to be decided at the next meeting at the end of July, covering the next one to two years.

The announcement to hold off on raising short-term interest rates led to the yen weakening by about 1 yen against the dollar, nearing 158 yen per dollar in the foreign exchange market.

Source: ANN

News On Japan
POPULAR NEWS

Chubu Electric Power has begun dismantling the reactor at Unit 2 of the Hamaoka Nuclear Power Plant in Omaezaki, Shizuoka Prefecture, on Monday. This marks the first time a commercial nuclear reactor is being dismantled in Japan.

The controversy surrounding Prime Minister Ishiba’s 100,000-yen voucher program continued to face scrutiny in the Diet on Monday, with opposition parties intensifying their criticism. Within the ruling party, concerns are mounting that Ishiba may be an electoral liability.

Mount Fuji will officially become a paid climb, as the Shizuoka Prefectural Assembly approved an ordinance on March 17th requiring hikers to pay a 4,000 yen entry fee. Following Yamanashi’s lead, Shizuoka will implement the fee starting in the summer of 2025.

A foreign man was caught trespassing on the Imperial Palace grounds early on March 16th and was arrested on the spot.

A new leisure complex, Gravitate Osaka, opens this week near Aigawa Dam in Ibaraki, Osaka, featuring restaurants, activity areas, and Japan’s longest suspension bridge, stretching 420 meters.

MEDIA CHANNELS
         

MORE Business NEWS

Japan's Ministry of Land, Infrastructure, Transport and Tourism announced that as of January 1st, official land prices—a key real estate benchmark—rose 2.7% year-on-year, marking the fourth consecutive annual increase.

The gender pay gap in Japan has reached its smallest level on record, as the average monthly salary for full-time workers posted its highest growth in 33 years, according to a survey by the Ministry of Health, Labour and Welfare.

A single-family home in Yokohama for 3.8 million yen? A two-story 3LDK in Narashino, Chiba, for 9.8 million yen? What makes these properties so cheap? We investigated the reasons behind these bargain-priced homes.

Watermelon farmers have expressed concerns over the potential impact of emergency pest control measures aimed at preventing the spread of the Segroulimibae fruit fly.

The men's beauty market is expanding, with a growing number of middle-aged men investing in personal grooming. Over the past five years, the price of men's facial lotion has surged by 40%, reflecting the increasing demand.

Drones may offer a solution to pressing social issues. A newly developed logistics drone, measuring three meters in length, is capable of transporting up to 40 kilograms of cargo and comes with a price tag of around 5 million yen.

Dubai is the city to which luxury graduated from just being a style of life and became the standard.

Nissan Motor says its president and CEO will step down. Uchida Makoto is seen as responsible for the Japanese automaker's worsening business, among other issues.