The decision comes after US President Donald Trump and North Korea’s leader Kim Jong Un met last week in Singapore, with the pair signing a joint document calling for denuclearisation of the Korean peninsula
The Bank of Japan should accept it is making no headway in its efforts to spur two percent inflation and start normalizing policy, according to Tokyo University professor Tsutomu Watanabe, a former BOJ official and long-time advocate of the price goal.
Eighteen months after Donald Trump became US president and started shaking up global diplomacy, Japan is waking up to the risks of an alliance based on dollars and deals rather than shared values and security interests.
A magnitude 6.1 earthquake shook Osaka, Japan’s second-biggest metropolis, early on Monday morning, killing three people, halting factory lines in a key industrial area and bursting water mains, government officials and broadcaster NHK said.
Japan's exports accelerated in April on increased shipments of cars and machines used to make semiconductors, with rising volumes suggesting healthy overseas demand could help the economy recover quickly from a dip in the first quarter.
Japan's central bank is likely to wait longer than initially expected to exit its super-easy stimulus, a Reuters poll of economists showed with almost half predicting that it won't happen until 2020 or later given sluggish inflation.