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Japan's Inflation Stays Elevated After Easing From Two-Year High
Japan's Inflation Stays Elevated After Easing From Two-Year High

Bloomberg

time18-07-2025

  • Business
  • Bloomberg

Japan's Inflation Stays Elevated After Easing From Two-Year High

By Updated on Save Japan's key price measure cooled a tad more than expected while remaining well above the Bank of Japan's target, keeping pressure on Prime Minister Shigeru Ishiba to mollify voters as he heads into Sunday's national election. Consumer prices excluding fresh food rose 3.3% from a year earlier in June, slowing from a 3.7% gain — a two-year high — in the previous month, the Ministry of Internal Affairs and Communications reported Friday.

BREAKING NEWS Russian minister 'shoots himself dead' hours after being sacked by Putin
BREAKING NEWS Russian minister 'shoots himself dead' hours after being sacked by Putin

Daily Mail​

time07-07-2025

  • Politics
  • Daily Mail​

BREAKING NEWS Russian minister 'shoots himself dead' hours after being sacked by Putin

A Russian minister has shot himself dead just hours are being sacked by Vladimir Putin. Former transport minister Roman Starovoit was reportedly found dead at his home, having apparently taken his own life with his gun. A firearm was found near Starovoit's body at his home in the village of Myakinino, in the Odintsovo district of Moscow region. No reason was given for Starovoit's dismissal, with Kremlin spokesperson Dmitry Peskov refusing to comment on it. Putin named Starovoyt's deputy, Andrey Nikitin, as acting transport minister. Nikitkin was the governor of Russia 's Novgorod region until February. The gun Starovoit reportedly used to shoot himself was awarded to him by the leadership of the Ministry of Internal Affairs in 2023. More to follow.

Japan's household spending marks 1st rise in 2 months
Japan's household spending marks 1st rise in 2 months

NHK

time04-07-2025

  • Business
  • NHK

Japan's household spending marks 1st rise in 2 months

Spending by Japan's households marked a first year-on-year increase in two months in May. They spent more on cars and travel. The internal affairs ministry says expenditures by households of two or more people jumped 4.7 percent from a year earlier, adjusted for inflation. The increase was the largest since August 2022. The average amount stood at just over 316,085 yen, or roughly 2,200 dollars. Spending on food was up 1 percent. The figure for rice fell 8.2 percent, the biggest drop since November 2022. In contrast, expenditures on noodles were up 7.6 percent. Meat slipped 2 percent. Fresh vegetables rose 3.7 percent. Ministry officials say rice and meat prices remained high, discouraging purchases by consumers. Yet they spent more on noodles and fresh vegetables, which were less affected by inflation.

Japan's Households Boost Spending by Most Since Summer 2022
Japan's Households Boost Spending by Most Since Summer 2022

Yahoo

time04-07-2025

  • Business
  • Yahoo

Japan's Households Boost Spending by Most Since Summer 2022

(Bloomberg) -- Japan's household spending rose the most since the summer of 2022 amid persistent inflation, providing support for an economy that's taking a hit from US tariffs. NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds Massachusetts to Follow NYC in Making Landlords Pay Broker Fees Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals What Gothenburg Got Out of Congestion Pricing Outlays by households, adjusted for inflation, gained 4.7% from a year ago in May as spending on cars jumped, the Ministry of Internal Affairs and Communications reported Friday. The result compared with the median economist estimate of a 1.2% gain. Beyond a clear jump in spending on cars, outlays grew for tourism both within and outside Japan, while there was less money being gifted. Consumption makes up more than half of Japan's economic output and could determine whether the economy will enter or avoid a technical recession. US tariffs including a 25% levy on cars and car parts are weighing on Japan's exports, raising the risk that the economy may shrink again in the second quarter after contracting in the first three months of the year. Around 64% of economists polled in early June see the tariffs potentially causing a recession in the world's fourth-largest economy. Inflation remains persistently above the central bank's 2% target. Nominal wages have been on the rise, but real wages adjusted for inflation have fallen for four months nonstop through April, meaning that a rise in paychecks has yet to offset the pain of inflation. May wage data are due on Monday. Ahead of an upper house election on July 20, Prime Minister Shigeru Ishiba is proposing fresh cash handouts to help households deal with inflation. Some opposition parties are pitching a sales tax cut as an alternative to ease the pain. (Updates with more details from the report, background.) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Sperm Freezing Is a New Hot Market for Startups ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Japan's Households Boost Spending by Most Since Summer 2022
Japan's Households Boost Spending by Most Since Summer 2022

Bloomberg

time04-07-2025

  • Automotive
  • Bloomberg

Japan's Households Boost Spending by Most Since Summer 2022

By Updated on Save Japan's household spending rose the most since the summer of 2022 amid persistent inflation, providing support for an economy that's taking a hit from US tariffs. Outlays by households, adjusted for inflation, gained 4.7% from a year ago in May as spending on cars jumped, the Ministry of Internal Affairs and Communications reported Friday. The result compared with the median economist estimate of a 1.2% gain.

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