To the deflationary spiral however now because theres a strong trend of Wage Increases, Finance Minister Shunichi Suzuki says its over. Joining me now is seijiro takeshita, whos a professor at the university of shizuoka. Thank you for being with us today. Talk to us first of all, this is a pretty unique set of circumstances that japan has pretty unique set of circumstances thatjapan has been pretty unique set of circumstances that japan has been through for the past generation. It is todays Declaration Calls for celebration . Yes, i would think so. Concerning the fact that for two decades, we havent seen any wage rise. Where the only country to do that. There are a lot of recurring profits, bits nine redeeming to their employees. This is, in that sense, a remarkable change. In most of the estimates, there were around 4 , but now its been reported to be around 5. 2, exceeding expectations. fist been reported to be around 5. 2, exceeding expectations. Been reported to be around 5. 2, ex
Hello. Welcome to newsline. Japanese exporters have hit a record but not one they were hoping for. Exports plungeded in 2020 leadi to a record high trade deficit. Imports rose as japan brought in more and more Energy Resources to fill a gap at home. Finance Ministry Officials issued a preliminary report. They say the trade deficit came to about 6. 29 trillion yen, more than 78 trillion. Exports fell 2. 7 in yen terms. The strong yen hurt exporters. They saw demand from europe drop off. Exports from china dropped too. Consumers there steered clear of japanese goods. Imports rose 3. 8 to 798 billion. The rise mainly due to higher demand for liquefied natural gas. Investors are trading on the latest data. What is you been seeing this morning . Right after that announcement investors sold the yen but the yen against the dollar has recovered to the mid 88 yen level now. The dollar yen currently trading at 88. 55. Analysts say thats been yen selling pressure is not as strong as its been befo
Hello. Welcome to newsline. Japanese exporters have hit a record but not one they were hoping for. Exports plungeded in 2020 leadi impos rose a japan brought int. More and more Energy Resources to fill a gap at home. Finance Ministry Officials issued a preliminary report. They say the trade deficit came to about 6. 29 trillion yen, more than 78 trillion. Exports fell 2. 7 in yen terms. The strong yen hurt exporters. They saw demand from europe drop off. Exports from china dropped too. Consumers there steered clear of japanese goods. Imports rose 3. 8 to 798 billion. The rise mainly due to higher demand for liquefied natural gas. Investors are trading on the latest data. What is you been seeing this morning . Right after that announcement investors sold the yen but the yen against the dollar has recovered to the mid 88 yen level now. The dollar yen currently trading at 88. 55. Analysts say thats been yen selling pressure is not as strong as its been before the bank of japan policy earli
Japan Finance Minister
Shunichi Suzuki said on Tuesday it is important to continue
efforts to achieve economic growth and attain fiscal health to
retain confidence in the country s fiscal policy. . -June 10, 2024 at 08:24 pm EDT
- MarketScreener
Japan's securities watchdog is planning to call for a bank and two brokerage firms under Mitsubishi UFJ Financial Group Inc to be punished over allegations they shared confidential information about customer businesses despite being refused permission, a source familiar with the matter said Friday. The Securities and Exchange Surveillance Commission…