Wednesday, 10th August 2022
<To guardian.ng
Search

Japan’s central bank stands firm as yen plummets in value

A decade of currency stability has come to an end with the rising cost of necessities and dear luxuries. But the central bank seems to be determined to keep its weak yen policy.

Related

26 Nov 2021
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
1 Dec 2021
Japan has stopped new bookings onto incoming flights after identifying the first cases of the Omicron strain of Covid-19. The country has also tightened its quarantine requirements for all arriving passengers, and extended a ban on non-citizens coming from ten countries in southern Africa. Travel companies have seen their shares tumble in recent days as governments tighten border rules in response to the new strain. Also today, Australia's economy feels the pinch from the recent lockdowns.
4 Dec 2021
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
12 Dec 2021
For a wealthy nation, Japan has a high proportion of seniors who have jobs - from babysitters to gardeners. With an aging population, the country is encouraging the "silver generation” to go back to work. Many are reveling in the new challenge.
20 Dec 2021
Japanese billionaire Yusaku Maezawa returned to Earth on Monday after a 12-day journey into space, ending a practice run for his planned trip around the moon with Elon Musk's SpaceX in 2023.
26 Dec 2021
The Yakuza have long been one of the biggest criminal organisations in the world. At the height of their power in the 1960s, the Japanese Yakuza had more than 180,000 members. This Japanese mafia was rich, much feared, and virtually untouchable. But now their numbers, money and power have dwindled. There are only 23,000 Yakuzas left today, and they are older and poorer.
12 Jan
Japan recently became the first country in the world to sell genome-edited tomatoes. This technology, which alters a crop's genetic information, does not involve adding outside genetic material – unlike with genetically modified foods. Experts claim that some genome-edited foods are healthier than their conventional counterparts. But environment campaigners are calling for more testing to be carried out amid safety concerns. Our correspondents Louis Belin, Rie Fukushima, Yuko Sano and Justin McCurry report.
21 Jan
Bullying at school, or "ijime", is a persistent problem in Japan. In 2020, there were 612,000 recorded cases at schools across the country – more than three times the number a decade ago. What begins as a joke among friends can end in insults and violence. Bullying leads to academic failure, isolation and, in some cases, suicide. Last year, 80 percent of Japanese schools reported bullying incidents. Our correspondents Louis Belin, Ryusuke Murata, Aruna Popuri and Justin McCurry report from Tokyo.
25 Jan
Military experts in South Korea are analyzing exactly what type of missiles were launched, but said they appeared to be cruise missiles. Pyongyang has increased weapons testing in the past few weeks.
6 Feb
Japan's government also reported the launch and condemned the tests as a threat to the region's peace and security. Nobuo Kishi, the Japanese defence minister, said the missiles appeared to have landed in the ocean near North Korea's east coast.
4 Mar
Experts say that Tokyo's imposition of sanctions on Russia is almost certainly the final nail in the coffin of Japan's ambition to resume control of the disputed Kuril Islands.
21 Mar
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French government's plan to ease the economic impact of the war in Ukraine.