Real wages fell 2.9% in May year on year, sharper than the revised 2% drop in April and declining for a fifth straight month.

The BoJ kicked off the first phase of that PoC in April 2021 to test the basic transactions of CBDC, including issuance, payout and transfer. A year later, Japan entered phase 2 of the PoC, which ...

Kazuo Ueda, governor of the Bank of Japan, during a news conference at the central bank's headquarters in Tokyo, Japan, on Dec. 19, 2023. (Kiyoshi Ota/Bloomberg via Getty Images / Getty Images) ...

The Japanese government has nominated Kazuo Ueda to lead its central bank, in a surprise move that could pave the way for the country to wind down its ultra-loose monetary policy.

On Tuesday, Japan's central bank raised interest rates. It marks Japan's first rate hike since February 2007. The markets barely reacted to the decision, which had been widely anticipated. TOKYO ...

For years, the Bank of Japan has limited yields to a tight range to keep interest rates low, a policy it has incrementally loosened since its introduction in 2016.

The central bank raised the policy rate to “around 0.5 per cent” by a vote of 8-1, concluding a two-day policy meeting on Friday. Toyoaki Nakamura was the only board member to dissent against ...

Everyone knows that the end of yield-curve control is coming in Japan. The central bank—whoever is at its helm—can at least kill off the policy before it loses a lot more money. ...

The Bank of Japan on Friday loosened its yield curve control (YCC) policy, a pillar of the central bank’s efforts to limit borrowing costs and stimulate the economy.