i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so stay right there. >>> this is "newsline biz"mism i'm ramin mellegard. the bank of japan's two day board meetings got under way on thursday. investors around the world are watching closely to see if and when the central bank governor will be able to shift course on its ultra-loose monetary policy. now, we spoke with inuo at the research institute. he said the policy makers will maintain the status quo for the time being as they do not see an up surge in policy speculation now. under the yield curve control the boj targets the short-term interest rate at minus 0.1% and ten-year yield at 0.5% above or below zero. >> it's much less trouble for the boj to start the normalization process. i don't expect the bank of japan or the boj to modify the control. there are a number of reasons to postpone the modification. also there appears to be signs of modest improvement particularly market participants identify some recovery of market fun

i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so don't go away. ♪ >>> this is "newsline biz"mism i'm ramin mellegard. major japanese i.t. firm says it has started a service using generative artificial intelligence for businesses. the system can help enterprises improve efficiency and develop new projects. the product combines chatgpt with epty data zone a.i. to generate sentences based on accurate information. the use of generative a.i. is spreading fast among companies, but the output it generates is not always correct and that has become an issue. the data system allows users to identify data that will be used as reference for answers. >> translator: users can refer to the information the system used to get the answer. this can reduce risk and improve convenience at the same time. >> japanese rivals have also started similar projects. internet services provider line and major i.t. firm cyber agent are generating their own a.i. >>> the.s. fedal aation bad vyaveicaon c sta or

yum raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so stay right there. ♪ >>> this is "newsline biz." i'm ramin mellegard. now, east japan rail rays started construction of a new train line that will provide better access to tokyo emphasis haneda airport. now, the project comes as an influx of foreign tourists makes haneda an increasingly important hub. officials held a groundbreaking ceremony for the line on friday. the operator aims for it to start carrying passengers in fiscal 2031. >> translator: japan regards this project as a railway network that will contribute to strengthening the country's international competitiveness. >> people departing from tokyo station currently have to change trains to get to haneda. the trip takes about 30 minutes. the new service will offer direct access to the airport and shorten the travel time to just 18 minutes both ways. and new underground station for the railway will be built between haneda's terminal one and two. >>> and the japanese gove

i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so don't go away. ♪ >>> this is "newsline biz." i'm ramin mellegard. policy makers of the bank of japan have wrapped up their two day meeting and thal say they're leaving the easing plan unchanged. the boj will keep a short-term interest rate in negative territory, and it will continue asset purchases to keep long-term rates around 0%. now, this policy is called yield curve control or ytc. the yield on the ten-year japanese bond will be allowed to fluctuate in a range of around plus and minus half a percentage point. former governor harihiko widened that range last december to correct side effects from years of an ultra-loose policy. now after friday's meeting the central bank governor indicated the possibility the ycc policy could be adjusted in the future. >> translator: a variety of new data and information arrives during the periods between our policy board meetings. we decide on ycc based on this, so it is unavoidable that th

i'm raja pradhan in tokyo. coming up next is "newsline biz" with ramin mellegard, so don't go away. >>> this is "newsline biz." i'm ramin mellegard. now the latest book by the author -- has racked up the highest sales for any category of book in the past six months. "the city and its uncertain walls," his first novel in six years has climbed to the top of the best-seller list for the period despite only being published in april. the ranking was compiled by publication distribution company nipan. based on a survey of book sales from november 2 tndnd to the 22. >>> tariffs in japan will soar by as much as 30% from thursday as power companies pass on their higher costs. seven of the nation's ten major utility companies raised their rates following government approval. tokyo electric power company is now charging over 15% more while tariffs in toque gnaw waw have surged almost 37%. but the biggest increase came along the sea of japan coast at 39.7%. not every household will have to pay the full increase because the

i'm raja pradhan with the news from tokyo. the head of the international atomic energy agency is set to visit japan next week. grossi will discuss the country's plan to release treated and diluted water from the crippled fukushima daiichi nuclear plant into the ocean. japan's foreign minister announced the iaea director visit starting on tuesday. >> translator: the government hopes to discuss inspections by the nuclear regulation authority, and the issue of a comprehensive report. we will be keeping a close eye on the plans from now on. >> government sources say arrangements are also being made for grossi to meet with prime minister kishida fumio on the first day of his visit. they say kishida is expected to receive the iaea's comprehensive safety report for the water release plan. japan's nuclear regulators have just carried out their final safety checks on the newly completed system. water used to cool molten nuclear fuel at the plant has been building up in storage tanks. it's been filtered to remove most radioactive materi