If a family chooses to move out of the greater Tokyo area, the Japanese government will provide them with financial aid of 1 million yen per child, to meet the cost of moving out. This plan will come into effect in the fiscal year 2023. But why is Japan offering this money? Watch to find out.
That positive impulse to growth was also underscored by the government's upgrade of capital expenditure, the first in six months and signalled booming earnings for Japan Inc.
The move comes after the central bank's erratic bond operation since late January confused market players, leading to a surge in Japanese Government Bond yields to one-year highs earlier this month.
Japanese government bond yields spiked last week after the BOJ skipped a much-anticipated auction to buy short-term debt on Wednesday, leaving investors wondering about its intentions and casting doubt on its resolve to cap bond yields. Two days later, it surprised markets again by increasing bond purchases.
"The tsunami advisory has been lifted," the Japan Meteorological Agency said in a statement released at 12:50 pm (0350 GMT) on its website.
The government has selected the 'manufacturing skill transfer promotion programme' of Toyota Kirloskar Motor for the purpose.
Investors also digested a heavy slew of European corporate earnings dominated by some of the region's biggest banks and awaited the first estimate of second-quarter US growth.
The Transport Ministry said the figure came from its own mileage tests to look into the cheating by the Japanese automaker on its minicar models, tiny cars eligible for tax breaks in Japan and reputed to deliver very good mileage.
The Reserve Bank of India kept interest rates on hold at 7.50 percent at its policy review in early April, after having cut interest rates twice this year by a total 50 basis points to bolster the economy. But it is widely expected to cut rates again before the end of June.
The Nikkei shed 0.6 percent to 16,083.30 in mid-morning trade after earlier hitting a six-year high of 16,232.69. The index was on track to end a seventh straight day of gains, its longest such run since October.
Asian shares fell on Wednesday as a rally fuelled by speculation that the Federal Reserve may signal further moves to support the struggling US economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.
The Japanese government aims to have an emergency budget for post-quake relief and reconstruction by the end of April, Finance Minister Yoshihiko Noda said on Friday.
The International Atomic Energy Agency (IAEA) has said that all units at the Fukushima Daini, Onagawa, and Tokai nuclear power plants are in a safe and stable condition. In fact, the IAEA remains concerned over the status of the Fukushima Daiichi nuclear power plant. CNBC-TV’18’s Sri Jegarajah reports the latest details from Tokyo.
The Internet had one overwhelming message for the world from Japan on Tuesday -- we're terrified of a nuclear meltdown and desperate to get out.
Japanese stocks fell 7.6%, on track for the biggest daily loss since October 2008, and bond yields rose on Monday as investors expected the earthquake and tsunami that devastated the country's northeast to take an economic toll and require heavy government borrowing.
Farm ministers from the Group of 20 developed and emerging economies plan to meet in Paris possibly in June to address surging food prices, in their first ever gathering under G-20 auspices, Japanese government sources have said.
A lack of success by the Japanese government on fiscal reform would have a negative implication for the country's credit rating, Tom Byrne, senior vice president and regional credit officer at Moody's Investors Service, said on Wednesday.
After nearly fifty years of persevering with a life under her husband's surname, 75-year-old Kyoko Tsukamoto is taking the Japanese government to court so that she can at least bear her own name when she dies.