Ueda: Rate hikes will come after BOJ looks at 'various uncertainties'

Sep 25 (NHK) - The Bank of Japan governor says the BOJ will carefully examine the timing of future rate hikes rather than setting a schedule in advance. Ueda Kazuo cited uncertainties surrounding the US economy.

He made the remarks in a speech at a meeting with business leaders in Osaka on Tuesday.

Ueda said a BOJ assessment shows that the Japanese economy has recovered moderately and the trend is expected to continue.

The BOJ chief said it would be appropriate to raise the benchmark rate if underlying inflation rises in line with the bank's outlook.

But he added that policy needs to take into account "various uncertainties," rather than be based on "a fixed schedule set in advance."

Ueda said the BOJ needs to carefully monitor economies overseas, particularly the US. The same goes for financial and capital markets, which continue to be unstable.

He also said the central bank will need to examine how Japan's economy responds to rate hikes after many years of low borrowing costs.

University of Tokyo Raises Tuition Fees for First Time in 20 Years

The University of Tokyo has officially decided to increase tuition by approximately 110,000 yen for incoming undergraduate students starting next academic year, bringing the total to 642,960 yen.

Japanese Ambassador Visits Dalian Following Student Death

Following the tragic stabbing and death of a child attending a Japanese school in China, Japanese Ambassador to China, Kenji Kanasugi, visited a local city to urge the Chinese government to ensure the safety of Japanese nationals residing in the area, as concerns grew among the local Japanese community.

Flooding Hits Temporary Housing in Quake-Stricken Wajima

Flooding has reached the temporary housing in Wajima City, built for earthquake victims, and volunteers have begun clearing the mud starting on September 24.

Russian military plane intrudes into Japanese airspace, Tokyo lodges protest

A Japanese government spokesperson says a Russian military airplane entered Japanese airspace three times on Monday. (NHK)

Kishida vows in meeting with Zelenskyy continued support for Ukraine

Japanese Prime Minister Kishida Fumio has conveyed his country's intention to maintain support for Ukraine to President Volodymyr Zelenskyy. (NHK)

MEDIA CHANNELS

MORE Business NEWS

Consumers Face Higher Egg Prices as Year-End Approaches

Egg prices are increasing once again, particularly impacting businesses like a Baumkuchen specialty shop in Adachi, Tokyo, which uses 3,000 eggs daily. President Eisuke Namai expressed concerns over the rising costs, noting that eggs are crucial for the cake's quality, and a recent price surge has made it difficult to pass on costs to consumers repeatedly.

Ueda: Rate hikes will come after BOJ looks at 'various uncertainties'

The Bank of Japan governor says the BOJ will carefully examine the timing of future rate hikes rather than setting a schedule in advance. Ueda Kazuo cited uncertainties surrounding the US economy. (NHK)

Tokyo Metro to Go Public on October 23

The Tokyo Stock Exchange announced on Friday that it has approved the initial public offering (IPO) of Tokyo Metro on the TSE Prime Market. The planned listing date is October 23.

Daihatsu Recalls 1.71 Million Vehicles Due to Bolt Issues

Daihatsu Motor announced on Friday that it has filed a recall with the Ministry of Land, Infrastructure, Transport, and Tourism for 1.71 million vehicles, including 15 models such as the Tanto, due to improper tightening of seat bolts.

New Condominium Prices in Tokyo Exceed 100 Million Yen for Fourth Straight Month

The average price of a newly built condominium in Tokyo’s 23 wards has exceeded 100 million yen for the fourth consecutive month.

Why Onna Village Leads Japan's Growth in Land Prices

The village of Onna in Okinawa has recorded the highest land price increase in Japan, with prices for some areas rising by 29%. The average nationwide land price has increased by 1.4% for the third consecutive year, but the sharpest growth is seen in residential areas like Onna Village.

Japan's Land Prices Surge for 4th Straight Year

Land prices across Japan have been rising for four consecutive years, with North Kanto emerging as a key area of interest due to its favorable living conditions.

Sharp Unveils First EV With Extended Living Room

Sharp, a major home appliance manufacturer, has unveiled its first electric vehicle (EV) as part of its move into the electric vehicle market, with a five-seater 'extended livingroom' EV Sharp van.

< 2 3 4 5 >