Japan Economic News ·
Government to explicitly include BOJ independence in revised Basic Policy, also promote GPIF domestic investment
The government is adjusting its draft of the 'Basic Policy' to include explicit provision for the Bank of Japan's independence. Finance Minister Katayama expressed support for domestic investment by GPIF and others, and the markets reacted with a stronger yen and higher bond prices. June corporate goods prices rose 7.1%, and the Nikkei average gained 813 points, led by semiconductor stocks. Fast Retailing updated its record profit, and following the bankruptcy of Zentoshin, the government announced support measures for small and medium-sized enterprises.
14 sources2 min read
Government to explicitly include BOJ independence in revised Basic Policy draft, also promote GPIF domestic investment Minister of State for Economic and Fiscal Policy Shindo and Finance Minister Katayama stated clearly that they leave the direction of monetary policy to the BOJ, and postponed the cabinet decision on the Basic Policy to the 21st. Katayama expressed that he will pursue expansion of domestic investment by pension funds such as GPIF, and the markets reacted with a stronger yen and higher bond prices. 123456
June corporate goods prices rise 7.1% year-on-year, largest increase in 3 years 3 months The June corporate goods price index released by the Bank of Japan rose 7.1%, with petroleum and coal products up 22.8%. Import costs were pushed up due to the situation in the Middle East. 7
Nikkei average rises 813 yen to 68,557 yen, led by semiconductor stocks The Tokyo stock market extended gains on the 10th, closing at 68,557 yen, up 813 yen from the previous day. It briefly recovered to the 69,000 yen level, with AI and semiconductor-related stocks being bought. ETF cash-out selling was a drag. 89101112
Fast Retailing posts record profit in 9-month earnings, raises full-year forecast Fast Retailing, which operates Uniqlo, posted a record net profit of 426 billion yen for the period from September 2025 to May 2026. Overseas Uniqlo saw revenue and profit increases in all regions, and the company raised its full-year forecast to 500 billion yen. 13
Card payment processor Zentoshin bankrupt, government sets up consultation desk for small businesses Following the bankruptcy of Zentoshin with total liabilities of 115.1 billion yen, Minister of Economy, Trade and Industry Akasawa announced the establishment of special consultation desks at 378 locations nationwide and relaxation of conditions for safety net loans. Financial Minister Katayama also requested financial institutions to provide cash flow support. 14
Japan Economic News
Compact morning updates on key Japanese economic news, including Nikkei, exchange rates, and monetary policy.