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December 31, 2024
 

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Atsushi Mimura, vice minister of finance for international affairs, speaks during an interview at the ministry on Dec. 20.
BUSINESS / Economy
Japan sees G7 role increasing in divided world
"There are not many countries like Japan that can speak with the U.S. on equal terms," said top financial diplomat Atsushi Mimura.
BUSINESS / Economy
Some BOJ policymakers called for rate hike soon, December summary shows
The Bank of Japan held interest rates steady at 0.25% at this month's meeting.
BUSINESS / Economy
Inflation in Tokyo accelerates, keeping rate hike prospects intact
The Tokyo core consumer price index, which excludes volatile fresh food costs, rose 2.4% in December from a year earlier.
According to Teikoku Databank, January price markups will center on bread products.
BUSINESS / Economy
Dec 26, 2024
Prices of 1,380 food items set to rise in Japan in January
According to a private research firm, January markups will center on bread products.
The Japanese economy is expected to grow 1.2% in fiscal 2025 in price-adjusted real terms, according to a government forecast.
BUSINESS / Economy
Dec 26, 2024
Japan's government expects 1.2% economic growth for fiscal 2025
The government maintained its view that personal consumption will be solid thanks to stable inflation and the effects of its economic package.
Prime Minister Shigeru Ishiba speaks at the meeting of the Council on Economic and Fiscal Policy on Thursday at the Prime Minister's Office.
BUSINESS / Economy
Dec 26, 2024
Japan wage growth projected to outpace inflation in fiscal 2025
In fiscal 2025, nominal wages are projected to increase 2.8% from the previous year, while the overall consumer price index is forecast to rise 2.0%.
People walk past a Dior shop in Rome on Dec. 18.
BUSINESS / Economy
Dec 26, 2024
Luxury labels bulk up on lower-priced goods to broaden appeal
By Mimosa Spencer
After more than two years of sharp price hikes, luxury labels are finding themselves at risk of alienating the middle class.
Bank of Japan Gov. Kazuo Ueda appears to want to keep his options open by noting the need to keep rates low to support the economy while flagging the risk of maintaining them at low levels for too long.
BUSINESS / Economy
Dec 25, 2024
Ueda avoids giving clear hint on chances of January rate hike
By Toru Fujioka
The Bank of Japan governor is sticking to his view that the central bank needs to keep monitoring risks for the economy.
Small businesses in Ino, a town in Kochi Prefecture known for its paper industry, show how a labor shortage is a growing threat to smaller companies that provide seven out of every 10 jobs in Japan.
BUSINESS / Economy
Dec 24, 2024
Small businesses with low wages struggle to tackle labor shortages
By Anton Bridge and Makiko Yamazaki
A worker shortage is threatening firms that are otherwise robust, including those that have invested in automation and creative hiring.
Minutes from the Bank of Japan's October policy meeting highlight how overseas economic risks, particularly those surrounding the new U.S. administration's policies, will be key to how soon the BOJ will hike rates.
BUSINESS / Economy
Dec 24, 2024
BOJ debated need for caution in raising rates, meeting minutes show
By Leika Kihara
Contrary to its concern over external risks, the BOJ board was mostly optimistic on domestic economic conditions.

Ukraine risks losing all Russian land it seized within months, U.S. says
Ukrainian soldiers carry the coffins of three comrades killed in recent fighting in eastern Ukraine during their funeral in the western city of Lviv on Dec. 20.
Japanese Princess Kako turns 30
As an adult member of the Imperial Family, Princess Kako has performed various official duties at home and abroad this year.
South Korea's worst plane crash in decades leaves 179 dead
Rescue personnel are seen near the tail section of a Jeju Air Boeing 737-800 series aircraft after the plane crashed and burst into flames at Muan International Airport in Muan, South Korea, on Sunday.
U.S. military coordination unit eyed in central Tokyo
A Self-Defense Forces soldier from a Patriot Advanced Capability-3 missile unit takes part in a drill at Yokota Air Base in Fussa, western Tokyo, in August 2017.
Shohei Ohtani ends blockbuster year with baby announcement
Dodgers star Shohei Ohtani and his wife, Mamiko Tanaka, attend a Lakers game in Los Angeles on Dec. 8.
Japan’s weather in 2024: Record temperatures hurt people’s health and wallets
People cover themselves with umbrellas during a hot summer day in Tokyo's Ginza district in August. Temperatures shot up in early July, even before the official end of the rainy season, and the high temperatures persisted well into the fall.
How Hokkaido quietly became a culinary treasure trove in 2024
The central Hokkaido city of Asahikawa made headlines this year when one of its suburbs was named as the best place to live in Japan — a ranking earned in part due to the community's many outstanding restaurants and cafes.
Bling-Bang, baby: The J-pop soundtrack of 2024
Hip-hop duo Creepy Nuts' uptempo “Bling-Bang-Bang-Born” quickly became a TikTok favorite after its release days into 2024, which helped turn the song into a Billboard Japan Hot 100 topper for 19 weeks before rising up viral streaming charts around the world.
Shohei Ohtani ends blockbuster year with baby announcement
Dodgers star Shohei Ohtani and his wife, Mamiko Tanaka, attend a Lakers game in Los Angeles on Dec. 8.
Flu cases surge above ‘warning’ levels in much of Japan
Authorities are calling for utmost vigilance as Japan heads into the New Year holiday season, when many people plan getaways.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Members of the Wajima City Morning Market Association pose for a group photograph on the site where the market once stood.
In the wake of disaster, the revival of Wajima's market brings hope
By Alex K.T. Martin

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