Category: Japan

Business

BOJ Signals More Rate Hikes as Yen Flirts With ¥160 — But September’s Decision Could Change Everything

TOKYO — The Bank of Japan is sending one of its clearest signals yet that Japan’s era of ultra-cheap money is fading — and its next move could arrive sooner than markets once expected. Bank of Japan Governor Kazuo Ueda said the central bank intends to continue raising interest rates if the economy and prices develop broadly in line with its forecasts, while warning that policymakers must pay particularly close attention to the risk that inflation could run hotter than expected. Speaking after

September 2, 2026

Business

Singapore Food Court Bleeds S$250,000 in 7 Months as 29-Year-Old Owner Fights to Keep It Alive

SINGAPORE — A family-run food court in Chai Chee has lost about S$250,000 in just seven months, with its young second-generation owner saying persistently weak weekday foot traffic has made it increasingly difficult to attract tenants and keep the business afloat. At the centre of the struggle is Bai Nian Food Court, located at ESR BizPark @ Chai Chee. Its 29-year-old owner, Tommy Pang, recently opened up about the business crisis in an Instagram video, saying the family had lost around S$250,

September 2, 2026

Business

Yen Crashes Past ¥160 Again as Dollar Surges — Is Japan About to Strike Back?

TOKYO — The Japanese yen has weakened beyond the closely watched ¥160-per-US-dollar level again, putting Japan’s currency authorities back in the spotlight as investors weigh competing signals from the Bank of Japan and the US Federal Reserve. The yen traded around ¥159.99 per dollar on Tuesday after briefly breaking through ¥160 for the third consecutive session, according to Reuters reporting carried by Channel NewsAsia. The move comes despite growing expectations that the Bank of Japan could

September 1, 2026