Erica Yokoyama

4 days ago | bloomberg.com | Erica Yokoyama

(Bloomberg) -- Japan plans to raise its incoming foreign direct investment target to ¥120 trillion ($840 billion) by 2030, aiming to attract more overseas capital to help revitalize struggling regional economies and address labor shortages. The government will revise up the current ¥100 trillion goal by 20%, according to a program released by a panel overseeing the matter on Monday. The plan also outlines a longer-term objective of ¥150 trillion in foreign investment in the early 2030s.

1 week ago | bloomberglinea.com | Erica Yokoyama

Bloomberg — Los precios en Tokio experimentaron la mayor subida en dos años debido al encarecimiento de los alimentos, lo que mantiene al Banco de Japón en la senda de otra subida de tasas en los próximos meses. Los precios al consumo, excluyendo los alimentos frescos, subieron un 3,6% en la capital en mayo respecto al año anterior, acelerándose desde el 3,4% de abril, según informó el viernes el Ministerio del Interior.

1 week ago | japantimes.co.jp | Erica Yokoyama

Prices in Tokyo jumped the most in two years on surging food costs, keeping the Bank of Japan (BOJ) on track for another rate hike in the coming months. Consumer prices excluding fresh food rose 3.6% in the capital in May from a year earlier, accelerating from 3.4% in April, the internal affairs ministry said Friday. The increase, which outpaced economists’ median forecast of a 3.5% gain, was the biggest since January 2023. Overall inflation came to 3.4%, matching a revised 3.4% in April.

1 week ago | bloomberg.com | Erica Yokoyama

Persistent increases in living costs have fueled public discontent in Japan. (Bloomberg) -- Prices in Tokyo jumped the most in two years on surging food costs, keeping the Bank of Japan on track for another rate hike in coming months. Consumer prices excluding fresh food rose 3.6% in the capital in May from a year earlier, accelerating from 3.4% in April, the Ministry of Internal Affairs said Friday.

1 week ago | japantimes.co.jp | Alastair Gale |Erica Yokoyama

U.S. President Donald Trump’s pivot to champion Nippon Steel’s bid to buy U.S. Steel raises the prospect of fresh positive momentum for Japan’s sluggish negotiations with the U.S. over tariff relief. While the contours of the proposed steel deal remain vague, Trump is set to hold a rally in Pittsburgh on Friday to tout the deal as a victory for his tariff strategy and American workers.