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Tag - monetary-policy

 
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July 24, 2026
 

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MONETARY POLICY

A screen displays Japanese and U.S. 10-year government bonds outside a securities firm in Tokyo on Jan. 21.
COMMENTARY / Japan
Feb 4, 2026
Japan¡¯s bond market has a warning for America
Reality, however, has a way of catching up with theory eventually, and now it has for Japan, whose long-term bond yields are rising as the yen is depreciating.
The IMF and World Bank's Spring Meetings 2025 in Washington on April 25. At this year's meetings, central bankers expressed alarm over the Trump administration's push toward privatizing money through dollar-pegged stablecoins.
COMMENTARY / World
May 30, 2025
Trump wants big tech to own the dollar
At this year¡¯s IMF and World Bank Spring Meetings, central bankers were alarmed by the U.S. push toward privatizing money through dollar-pegged stablecoins.
Amid trade war uncertainty, central bankers, including Bank of Japan Gov. Kazuo Ueda, are leaning toward cautious policies, with some signaling potential rate cuts while awaiting the fallout from U.S. tariffs.
COMMENTARY / World
Apr 22, 2025
Rate cuts anyone? Anyone? Ferris Bueller¡¯s tariff lesson
The collective sense of ¡°we don¡¯t know¡± will give way to either hiking or easing. In Asia, the bias appears to favor the latter.
A giant 1000 Indonesian rupiah coin display inside the headquarters of Bank Indonesia in Jakarta
COMMENTARY / World
Jan 19, 2025
Indonesia is the latest country to risk a ¡®Japanification¡¯ tag
With markets sniffing out fiscal vulnerabilities in many countries, this would be an inopportune time to lose discipline.
The Bank of Korea complex in Seoul. South Korea's economic growth is hindered by structural challenges like high living costs, a tough job market and an aging population.
COMMENTARY / World
Dec 26, 2024
The Bank of Korea moves beyond monetary policy
Many Koreans are pessimistic about the future, which reflects the intense competition that defines their lives, from education to employment.
The U.S. Federal Reserve's cutting of the federal funds rate from 5.3% to a range of 4.75-5%, its first monetary-easing cycle in over four years, has provided China with greater flexibility to stimulate its struggling economy.
COMMENTARY / World
Oct 10, 2024
What U.S. interest-rate cuts mean for China
The Fed¡¯s easing cycle means lower debt burdens and higher liquidity, allowing countries to cut rates without fearing excessive capital outflows.
The size of the carry trade strategy is hard to determine because currency transactions, unlike stock trades, aren't tracked on exchanges. We only have estimates.
COMMENTARY / Japan
Aug 14, 2024
How big is the yen carry trade, really?
There is now worry that the unwinding of yen-funded carry trades would wreck investors¡¯ frothy exposures to U.S. technology and AI-related companies.
A return to the world with interest will almost certainly mean an increase in the bifurcation of Japan's haves and have-nots.
COMMENTARY / World
Aug 5, 2024
Is Japan ready for a ¡®world with interest?¡¯
Ever since Ueda arrived at the central bank 15 months ago, economists have been debating what the ¡°world with interest¡± will look like.
Ideal or not, the reality of the world is that one currency, the U.S. dollar, is first among equals.
COMMENTARY / World
Apr 18, 2024
Asian currencies can¡¯t fight the dollar on a rampage
Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency, the U.S. dollar, is truly first among equals.
Apart from the direct economic costs, governments that conspire to thwart the dollar system risk losing America¡¯s security guarantees as well.
COMMENTARY / World
Sep 20, 2023
The greenback¡¯s full-spectrum dominance is here to stay
Debates about the future of the international monetary system often fail to appreciate the greenback¡¯s full-spectrum dominance.
Challenges to the U.S. dollar¡¯s vital role in the world economic and financial system are often said to be imminent, but somehow never materialize.
COMMENTARY / World
Aug 23, 2023
A BRICS common currency is still a pipe dream
The greenback comprises just under 60% of global currency reserves, down from around 70% in 2000. Still that is well above any competitor.
BUSINESS
Feb 14, 2023
What to expect from the first academic economist to be BOJ governor
Kazuo Ueda¡¯s distance from the BOJ is seen as a plus when it comes to unraveling the central bank¡¯s ultraeasy policy, but that process will still be far from easy.
Japan Times
BUSINESS / Economy / ANALYSIS
Nov 25, 2022
Slower Fed hikes spell relief from Tokyo to Buenos Aires
A slowdown in the pace takes pressure off global peers to keep on raising rates and offers relief to emerging markets.
Japan Times
BUSINESS / Economy / FOCUS
Nov 14, 2022
From bad to worse? Next year¡¯s economic risks are already here.
History says the Federal Reserve¡¯s high-speed interest-rate hikes may well tip the U.S. into recession in 2023. Few will be surprised if spiraling natural-gas prices do the same for Europe.
COMMENTARY / Japan
Sep 23, 2022
Japan¡¯s intervention underlines its interest rate isolation
The yen is paying the price for the Bank of Japan¡¯s ultraeasy monetary stance. Until the bank shifts, a sustained rally is very difficult.
Japan Times
BUSINESS
Aug 15, 2022
Fed minutes may reveal inclinations on size of next rate hike
Are further rate hikes likely to be of smaller incremental size, or is the door really open to something larger?
Japan Times
BUSINESS
Aug 15, 2022
Russia unplugs foes, rewards friends in latest market reboot
The plan will focus on mobilizing capital at home while catering to places the Kremlin considers friendly.
Japan Times
COMMENTARY / World
Aug 15, 2022
The end of the EU¡¯s free lunch
The Keynesian demand policy to stimulate economic activity will merely fuel inflation, for which the ECB will rightly be blamed if it keeps buying government bonds.
Japan Times
BUSINESS
Aug 11, 2022
Fed officials say rates likely to rise into next year to curb inflation
Two U.S. Federal Reserve officials have responded to softening inflation data by saying it doesn¡¯t change the U.S. central bank¡¯s path toward even higher interest rates this year and next.
BUSINESS
Jul 21, 2022
Bank of Japan keeps easing policies in place, reaffirming position as global outlier
The decision by the central bank was widely expected among economists, as long-time Gov. Haruhiko Kuroda has shown no sign of departing from his dovish policy.
Japan scientists identify clusters of protein believed to trigger Alzheimer¡¯s disease
A team of researchers said they found a ¡°seed¡± that accelerates the amyloid beta accumulation process in the brain, naming it ¡°Peak 1 amyloid beta,¡± as seen in a mouse's brain.
Indian brothers make manga debut in Japan
Two Indian brothers made their manga debut in Japan with "Kung Fu Kung Fool" ¡ª an action-comedy series that follows the adventures of a notorious thief and a young boy.
Japan weighs regulating Pokemon cards amid trading mania
A Pokemon event is held in Jakarta on July 11
Low-income families in Japan cut food and air conditioning during summer break
Yumiko Watanabe, the chairperson of nonprofit Kidsdoor, explains the results of a survey in Tokyo's Chiyoda Ward on July 1.
Iran strikes on CIA facilities prompt questions about possible Russian role
Iranian drones are displayed in an undisclosed location in Iran, in this handout image obtained on Jan. 13, 2025.U.S. officials have acknowledged that Russia has ?provided targeting ?and other support for Iran in its drone strikes on U.S. targets in the Persian Gulf region.
The sci-fi sensibilities of electronic trio Black Boboi
Black Boboi was formed in 2018 when solo artists Julia Shortreed, Utena Kobayashi and Ermhoi came together under Kobayashi¡¯s newly founded label, Bindividual.
A perfect storm: Kaze Fujii fans flock to Fuji Rock
Okayama-born singer-songwriter Kaze Fujii has carved out a distinctive place in Japanese pop since his major-label debut in 2019.
Can Japanese comedy get laughs in English? Yoshimoto Kogyo lets the jokes rip
Wes-P has millions of followers and his viral clips made him recognizable out of Japan.
The 180-day locals: Life on Japan¡¯s digital nomad visa
Christopher Flinn works remotely from Tokyo earlier this month. Japan issued 646 digital nomad visas in 2025, but tourism officials are hoping to increase that figure in the coming years, with Japan's relatively cheap cost of living and the weak yen seen as potential draws for young professionals.
Japan reveals hint of new defense spending target in fiscal blueprint
The Self-Defense Forces' Type 16 mobile combat vehicle fires during a joint live-fire drill with U.S. Marines as part of the annual Resolute Dragon exercises in Yufu, Oita Prefecture, on June 28.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo¡¯s Shinjuku Ward.
Kabukicho: Tokyo¡¯s ¡®stadium of desire¡¯

Longform

For many people, utility poles and power lines have become such a familiar part of Japan¡¯s landscape that they often go unnoticed.
Why Japan¡¯s utility poles won¡¯t be disappearing anytime soon
By Alex K.T. Martin

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