Overall prices in the Japanese capital remain high as people continue to pay more for food and some services.
Tokyo’s consumer price index is released ahead of figures for all of Japan. It is considered to be a leading indicator of inflation nationwide.
The internal affairs ministry says the index for Tokyo’s 23 wards in May rose 3.2 percent from a year earlier. The figure excludes prices of fresh food as these fluctuate widely according to the weather.
The index was down 0.3 points from April. It is first time the figure has slowed in 2 months.
Prices of food, excluding fresh items, soared almost 9 percent from a year earlier. They continue to rise at the fastest pace since June 1976.
Big Japan firms offer largest wage hikes in 31 years
NHK – May 20
Employees at some of Japan’s biggest firms can expect a sizable bump in their pay checks this year. They’ll see an average increase of nearly 4 percent following annual wage negotiations. That’s the largest jump in 31 years.
Japan April trade deficit halves, imports fall for 1st time in 2 yrs
Kyodo – May 19
Japan’s trade deficit nearly halved to a one-year low of 432.41 billion yen ($3 billion) in April, as imports dropped for the first time in 27 months on lower crude oil prices, while U.S.-bound auto shipments delivered record exports, the Finance Ministry said Thursday.
Why Japan is embracing crypto rapidly
Crypto Daily – May 18
Japan, which missed out on the Web2 revolution — by failing to produce its own Meta, Google, Amazon, and Alibaba — is now looking to regain its economic prowess by embracing the burgeoning crypto and Web3 industry.
Nikkei 225 rises above 30,000
NHK – May 17
The benchmark index for the Tokyo Stock Exchange climbed above 30,000 for the first time in a year and 8 months. The gains reflect rising investor confidence amid robust earnings and improving forecasts at Japanese companies.
Nikkei 225 hits year’s high as Japan earnings impress
NHK – May 16
The Tokyo Stock Exchange’s benchmark index rose to its highest level this year on Tuesday. Semiconductor-related shares led the gains as investor confidence was boosted by the robust earnings forecasts of many companies.
Japan’s vending machine culture is ahead of the curve
Nikkei – May 16
In today’s Japan, millions of vending machines dispense a mountain of goods and services ranging from green tea, umbrellas, canned cakes, bananas, omikuji fortunetelling slips, noodles, batteries, T-shirts and shampoo.
Business Page: 1 | 2 | 3 | 4 | 5 | 6 | 7