Japan’s civil servants are set to receive the biggest pay increase in 34 years, a move that could further reinforce the virtuous cycle of wage and price growth long sought by the Bank of Japan. https://www.japantimes.co.jp/business/2025/08/07/japan-public-worker-pay-hike/?utm_medium=Social&utm_source=mastodon #business #wages #inflation #japaneseeconomy #boj #nationalpersonnelauthority
The Bank of Japan must be cautious about raising interest rates given the expected hit from U.S. tariffs on the fragile economy, ruling party heavyweight Ken Saito said. https://www.japantimes.co.jp/business/2025/08/06/economy/ldp-heavyweight-ken-saito-warns-against-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #inflation #boj #tariffs #us
Liberal Democratic Party member Taro Kono added his voice to those calling for the Bank of Japan to tighten monetary policy to bolster the yen. https://www.japantimes.co.jp/business/2025/08/06/economy/kono-urges-boj-to-tighten-monetary-policy/?utm_medium=Social&utm_source=mastodon #business #economy #tarokono #ldp #boj #inflation
Japanese workers saw their nominal wages rise at the fastest pace in four months, fueling market speculation that the Bank of Japan could hike its benchmark rate in coming months. https://www.japantimes.co.jp/business/2025/08/06/economy/nominal-pay-june/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #wages #us #boj #mhlw #inflation
"Today Trump is fully unbridled. Yet, for the first time, finds himself unable to convince majorities that he’s got a magic economic touch. As the situation deteriorates, he’ll have to either reverse course—changing pretty much everything about the way he’s governing—or else go to even greater lengths to control information and manipulate the public."
#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/4
"For most of his years in office, Trump has benefitted from unearned public trust in his stewardship of the economy. It even kept him afloat in 2020, as he managed to persuade most Americans that the pandemic-induced recession was an act of god, rather than a crisis he exacerbated through deceit and incompetence."
~ Brian Beutler
#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/3
"And think of how many times he promised not to cut Medicare or Medicaid, then bullied Republican members of Congress into passing a budget that takes $1 trillion from Medicaid, threatening to deny millions of Americans access to health care and force rural hospitals to close. Meanwhile, cuts to nutrition programs threaten rural grocery stores."
#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/2
"Trump campaigned as if he had a foolproof plan to reduce grocery prices on day one, but in fact, grocery prices are up 3 percent year-over-year and reached record highs in 2025. In an example of classic Trump gaslighting, he’s telling people the bald-faced lie that prices are 'WAY DOWN.'"
~ Svante Myrick
#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
/1
https://thehill.com/opinion/white-house/5432719-trump-broken-promises-corruption/
Currency devaluation in action: Back in January, 8 USD was worth about 8 EUR.
The Dollar has since fallen so far that $8 now equals only €6.90. Unfortunately this means I have to raise the USD prices for new Keila XS subscriptions from $8 to $9.50.
The CEO of Japan’s largest bank has described September or October as "desirable" for the Bank of Japan to raise its policy rate, given the outlook for higher inflation in the country. https://www.japantimes.co.jp/business/2025/08/05/companies/mufg-rate-hike/?utm_medium=Social&utm_source=mastodon #business #companies #mufg #india #inflation #us #japaneseeconomy #tariffs #donaldtrump #boj #banks
As inflation hits households, a government panel has recommended a record hike of ¥63, or 6%, for the average minimum hourly wage in the country, which would bring the figure up to ¥1,118 per hour. https://www.japantimes.co.jp/business/2025/08/05/economy/japan-minimum-wage-record-hike/?utm_medium=Social&utm_source=mastodon #business #economy #wages #japaneseeconomy #inflation #shigeruishiba #jobs #mhlw
Japan may abandon its de facto policy of limiting the cultivation of rice in response to the country's severe shortage of the staple grain and soaring prices. https://www.japantimes.co.jp/news/2025/08/04/japan/japan-rice-policy-shift/?utm_medium=Social&utm_source=mastodon #japan #rice #inflation#maff #agriculture
Bank of Japan watchers brought forward their forecast for when they expect the next interest rate hike, after clarity over trade increased with U.S. President Donald Trump announcing deals, including one with Japan. https://www.japantimes.co.jp/business/2025/08/03/economy/boj-watchers-bring-forward-next-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #boj #kazuoueda #inflation
The first rice harvest of 2025 has hit shelves in Japan, with prices significantly higher than last year against the backdrop of strong demand for domestic rice brands. https://www.japantimes.co.jp/news/2025/08/01/japan/first-rice-crop-put-on-sale/?utm_medium=Social&utm_source=mastodon #japan #rice #inflation #food
The Bank of Japan held its benchmark interest rate steady and raised its inflation outlook more than expected in a sign it may be closer to a rate hike. https://www.japantimes.co.jp/business/2025/07/31/economy/boj-rate-unchange/?utm_medium=Social&utm_source=mastodon #business #economy #boj #inflation #tariffs #us #trade #usjapanrelations
The diversification of rice sales channels may have contributed to the surge in prices of the staple since last summer, according to a survey released by the agriculture ministry Wednesday. https://www.japantimes.co.jp/business/2025/07/30/rice-price-surge-survey/?utm_medium=Social&utm_source=mastodon #business #rice#maff #inflation
The Bank of Japan is likely to hold its key rate at 0.5% as a tariff breakthrough between Japan and the U.S. is evaluated and political uncertainly weighs on the central bank. https://www.japantimes.co.jp/business/2025/07/29/economy/boj-meeting-preview-july-2025/?utm_medium=Social&utm_source=mastodon #business #economy #boj #inflation #us #tariffs #donaldtrump #kazuoueda #japaneseeconomy #economicindicators
Suntory Holdings has said it will consider price increases in line with consumer sentiment for ultra-premium whisky it exports to the U.S. https://www.japantimes.co.jp/business/2025/07/29/companies/suntory-whisky-price-hike/?utm_medium=Social&utm_source=mastodon #business #companies #suntory #inflation #whisky #tariffs
Japanese firms, after decades of deflation, have found a rare moment where they can raise prices without triggering the intense public backlash that once made such moves taboo. https://www.japantimes.co.jp/business/2025/07/29/economy/japan-price-hike-analysis/?utm_medium=Social&utm_source=mastodon #business #economy #inflation #japaneseeconomy #wages #food #consumerspending
In an annual white paper the government has underlined the need to take all possible measures to realize wage increases that outpace inflation, after prolonged high prices pushed down consumer sentiment and real wages. https://www.japantimes.co.jp/business/2025/07/29/economy/government-paper-wage-hikes/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #wages #food #inflation #tariffs #us