According to most polled economists, risks to Japan’s low inflation outlook have turned more upward. In Japan, the rising commodity prices, a weak currency, and supply shortages brought on by the global pandemic lift input costs. Economists said, however, that any pick-up in Japan’s inflation will be modest. This is because of weak wage growth, …
The Japanese economy has started to pick up steam. However, any recovery would likely be modest. This is due to lingering pain on the economy from the coronavirus pandemic, Bank of Japan Governor Haruhiko Kuroda warned on Thursday. The world’s third-largest economy is suffering from a resurgence in COVID-19 infections. Record cases were reported in …
BOJ’s Kuroda Warns of Continued Pain on Economy from COVID-19 Read More »
Toshiba Corp CEO Nobuaki Kurumatani stepped down on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners. The conglomerate’s shares surged on reports that KKR & Co and Brookfield were also planning offers. Kurumatani received criticism for the bid from CVC, his former employer, as well as allegations. The management allegedly …
Bank of Japan Governor Haruhiko Kuroda on Tuesday explained the benefits of a weak yen. A weak Japanese currency, he said, helped manufacturers by inflating the value of profits earned overseas. Many manufacturers in Japan now produce goods they sell overseas locally. According to Kuroda, this means a weak yen may not increase export volumes …
BOJ’s Kuroda says Weak Yen Promises to Benefit Japan Read More »
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