TOKYO The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.
TOKYO Japan's household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world's third-largest economy, while fears of higher job losses chilled consumer confidence.
TOKYO, June 5 The Bank of Japan is likely to
maintain its projection that the economy will gradually recover
in the latter half of this year, four sources familiar with its
thinking said, heightening the chance it will forgo bold
monetary easing steps at this month's rate review.
TOKYO Japan's three biggest banks have set up a study group that will look at possibly building a common settlement infrastructure for digital payments, an initiative backed by the central bank and the country's financial regulator.
TOKYO The balance of money circulating in Japan's economy reached $5 trillion in May, hitting a record high for the second straight month, as the central bank pumped more cash to cushion the blow to businesses and consumers from the coronavirus pandemic.
LONDON/TOKYO European manufacturers may be over the worst of a coronavirus-driven downturn, but Asia's pain deepened in May due to a slump in global trade, with export powerhouses Japan and South Korea seeing the sharpest falls in activity in over a decade, surveys showed. | Video
TOKYO Japan's government will submit to parliament early next week a second extra budget to fund a new $1.1 trillion stimulus package to cushion the economic blow from the coronavirus pandemic, Prime Minister Shinzo Abe said on Monday.
* China's May factory activity returns to growth - Caixin