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Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Japan Economy and Markets

Bank of Japan decisions, economic data, trade figures, the budget and government bond auctions.

  1. Nonresidents net bought ¥11.35tn of Japanese securities in October, MOF data show

    Nonresidents net bought ¥11.35tn of Japanese securities in October, ¥7.86tn of it equities and investment fund shares, while Japanese residents net bought ¥1.95tn of foreign securities.

  2. Japan's special-fraud losses reach ¥261bn in nine months, led by social-media investment scams

    Social-media investment scams cost victims ¥99.1bn in the nine months to September, while fake-police fraud, now counted as its own category, took ¥84.3bn from fewer cases than a year earlier.

  3. Japan's April-June current-account surplus widens with the US and shrinks with Asia

    Japan's current-account surplus reached ¥7.86tn in April to June, with the US contributing ¥4.08tn, while the surplus with Asia fell to ¥2.67tn from ¥4.57tn a year earlier.

  4. Japan's September current-account surplus falls 45.8% as imports outrun exports

    Imports rose 17.8% against 12.8% for exports, pushing goods trade into a ¥187.5bn deficit in September and cutting the current-account surplus to ¥2.37tn, though the April-to-September surplus held close to last year's.

  5. BoJ members split on how fast to reach the neutral rate, with some urging quicker hikes

    Bank of Japan members who backed a hold in October wanted time to judge past hikes, while others said underlying inflation has hit 2 percent and the policy rate must reach neutral soon; one put neutral well above 1 percent.

  6. Japan's finance minister backs BOJ ETF profits for a new economic-security account

    Japan's finance minister said additional BOJ ETF-sale profits, which the bank puts at about ¥1tn, should fund a new economic-security special account, with the amount to be settled in budget talks and the BOJ left to decide its own policy.

  7. Japan's reserve assets rose $723 million in October to $1.18tn

    Securities of $834,555 million and gold worth $106,437 million anchor Japan's reserves, which grew by only $723 million in October; the Ministry of Finance gives no breakdown of what drove the change.

  8. Japan sold ¥15.40tn of dollars to buy yen over three days from July 30

    The Ministry of Finance's quarterly table shows Japan sold dollars and bought yen on July 30, July 31 and August 3, totalling ¥15.40tn, with ¥7.98tn on the first day alone.

  9. Nonresidents net buy ¥3.49tn of Japanese securities in week to October 31 as residents add ¥2.18tn abroad

    Nonresidents were net buyers of Japanese equities, long-term bonds and short-term debt alike in the week to October 31, taking the weekly total to ¥3.49tn after a week of near-zero net flow.

  10. Japan's 10-year bond auction clears at 2.768%, 33.3bps below October's

    The Ministry of Finance sold 10-year debt at an average yield of 2.768%, 33.3 basis points lower than the October auction, though a highest accepted yield of 2.8% showed a wide tail.

  11. BoJ's September 2026 hike drew critics on both flanks, minutes show

    Minutes of the Bank of Japan's September 2026 meeting show two members opposed the rise to around 1.25% as premature, while two who backed it said inflation had generally reached target, and members agreed further hikes would follow.

  12. Katayama says US-Japan joint statement on the yen still stands, as currency hovers near ¥157

    Finance Minister Katayama said Japan will act on disorderly or excessively speculative currency moves under its joint statement with Washington, declined to call ¥157 right or wrong, and promised sharper tax-revenue estimates for the next budget.

  13. BoJ will keep raising rates as it sees inflation clearly above 2%

    The Bank of Japan's full October outlook says it will keep raising the policy rate, now guided at around 1.25%, while firms' funding costs rise from a low base and ETF sales step up to about ¥860bn a year from January.

  14. Foreign guest-nights fell 9.2% in September; Japanese nights slipped 0.6%

    Foreign guest-nights fell 9.2% in September and Japanese ones 0.6% in preliminary data, while August's revised figures show China-origin nights down 50.8%; a January sampling change means year-on-year comparisons carry a caveat.

  15. BoJ sets rate guide at 1.25% over one dissent and quickens ETF sales from January

    The Bank of Japan set its call-rate guide at around 1.25% by an 8-1 vote, with Takata Hajime proposing 1.5%, said it will keep raising rates, and will sell ETFs at about ¥860bn a year from January.

  16. Nonresidents swing to ¥42.5bn net purchase of Japanese securities as equity buying offsets short-term debt sales

    Nonresidents bought a net ¥42.5bn of Japanese securities in the week to October 24, but the total hides a ¥1.18tn equity purchase cancelled by ¥1.18tn of short-term debt sales.

  17. Cabinet Office keeps recovery call as exports pause and natural disasters drop off its risk line

    The Cabinet Office's October report keeps Japan's moderate-recovery verdict while downgrading exports to a pause, describing consumer prices as rising recently, and dropping natural disasters from its headline risk warning about the Middle East.

  18. Japan's visitor numbers fell 5% in September, yet third-quarter spending set a record

    Foreign visitors spent a third-quarter record of about ¥2.2tn between July and September, up 3.2%, though September arrivals fell 5%; from November, consumption tax will be charged at the sale and refunded once export is confirmed at the airport.

  19. BOJ stress test finds banks' capital holds under a combined oil, AI and rate shock

    The Bank of Japan judges bank capital sufficient even if oil prices, AI-profit expectations and interest rates all turn at once, but flags a ¥126tn tie to foreign non-bank financiers and growing yen-bond valuation losses at regional lenders.

  20. Nonresidents turn net sellers of Japanese securities, ¥848.4bn in the week to October 17

    Net sales of short-term debt, ¥2.24tn, outweighed ¥1.45tn of long-term bond buying as nonresidents swung from a revised ¥5.47tn net purchase the previous week to a ¥848.4bn net sale.

  21. Large Japanese banks see firm loan demand turn positive as local-government borrowing cools

    Fifty large banks put demand for corporate loans at +3 in the Bank of Japan's October survey, up from -1, while local-government demand fell to -4 from +3; most banks reported no change at all.

  22. Japan's September arrivals fall 5.0% as China drops 44.5%, while seven markets set records

    Visitors to Japan fell 5.0% to 3,103,700 in September on JNTO's preliminary estimate, with China down 44.5%; South Korea, Taiwan and the Middle East set September records that offset only part of the drop.

  23. Inbound spending edges up 3.2% even as Chinese outlay falls 39.8%

    Preliminary figures put July to September inbound spending at ¥2.2076tn, up 3.2%, as higher per-head spending and gains from Korea, Taiwan and Hong Kong outweighed a 39.8% fall in Chinese spending.

  24. Japan's trade deficit nearly doubled in September as imports outran exports

    Japan's exports rose 16.7% in September, but imports rose 18.9% on more expensive crude oil, LNG and electronic parts, pushing the preliminary trade deficit to ¥536.6bn from ¥277.7bn a year earlier.

Japan Economy and Markets News: Bank of Japan, Data, Bonds