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COMMENTARY / World
Jun 14, 2005

Japan's beneficent potential

During my 7 1/2 years of service in the 1990s as deputy secretary general of the Organization for Economic Cooperation and Development, I initiated a research project that produced, in 1997, a report titled "The World in 2020: Toward a New Global Age." In the course of this research I assumed that the...
BUSINESS
Apr 19, 2005

'Livedoor shock' reviving Japan's cross-shareholding habit

When Internet services company Livedoor Co. announced its bid to acquire Nippon Broadcasting System Inc., the vulnerabilities of Japan's capital markets were suddenly laid bare, prompting domestic companies to scramble for ways to defend themselves from hostile takeovers.
BUSINESS / JAPANESE PERSPECTIVES
Jun 23, 2003

Fallout from Iraq war loosening dollar's global stranglehold

Until recently, the euro has been moving consistently higher against the other major currencies, at one point hitting highs of $1.20 and 140 yen. But its rise appears to have slowed now, with the new unified currency now stuck in the $1.17-$1.18 range.
Japan Times
BUSINESS / Markets
Oct 15, 2022

Japan vows 'bold action' — if needed — after 32-year yen low

Excessive currency moves have negative effects on the economy and Japan is ready to take action if they continue, a top official said.
Japan Times
BUSINESS / Economy
Dec 12, 2022

Fed’s message that rates will stay on hold for ‘some time’ clashes with 2023 rate-cut bets

The central bank looks set to increase its benchmark rate by 50 basis points in a downshift after four straight 75 basis-point moves to curb inflation.
Japan Times
BUSINESS / Economy / ANALYSIS
Nov 25, 2022

Slower Fed hikes spell relief from Tokyo to Buenos Aires

A slowdown in the pace takes pressure off global peers to keep on raising rates and offers relief to emerging markets.
Japan Times
BUSINESS / Markets
Oct 20, 2022

Yen crosses key ¥150 mark as inflation pressure mounts

The yen's plunge has persisted amid the stark divergence between the hawkish monetary policy of the U.S. Federal Reserve and the Bank of Japan's tenaciously dovish stance.
Japan Times
BUSINESS / Economy
Sep 21, 2022

Fed set to hike rates as central banks adopt hawkish stance not seen in decades

The danger, according to former one International Monetary Fund chief economist, is that they collectively go too far, driving the world economy into an unnecessarily harsh contraction.
Japan Times
BUSINESS / Economy
Sep 16, 2022

BOJ Gov. Haruhiko Kuroda seen sitting tight even after jumbo Fed hike

Most BOJ watchers are convinced Kuroda won't raise rates to cool the rapid weakening of the yen.
Japan Times
BUSINESS / Economy
Sep 6, 2022

Yen weakens to ¥141 zone against U.S. dollar in new 24-year low

Finance Minister Shunichi Suzuki on Tuesday reiterated that sharp yen moves were 'undesirable.'
Japan Times
BUSINESS / Economy
Jul 19, 2022

Bank of Japan chief determined to maintain stimulus as world tightens

Bank of Japan Gov. Haruhiko Kuroda is in no mood to give up on stimulus and his ultraloose monetary policy, according to people familiar with the matter.
BUSINESS
Jun 15, 2022

Weak yen and hawkish Fed put BOJ chief in tough spot

While the consensus view is that the central bank will stick with all its main policy settings this week, Kuroda risks accelerating a slide in the yen.
Japan Times
BUSINESS / Markets
Apr 12, 2022

Words of warning by Japan finance minister fail to shake off yen's weakening trend

The yen briefly strengthened against the dollar after comments by Finance Minister Shunichi Suzuki, but traded even lower than before within less than an hour.
Japan Times
BUSINESS
Mar 25, 2022

Yen at risk of deep slump as traders pile on

The yen's depreciation could also have knock-on implications across the region and help spur further depreciation of China's yuan, says Societe Generale SA strategist Albert Edwards.
Japan Times
BUSINESS
Sep 8, 2021

Internet giants take fire in South Korean echo of China crackdown

Naver, which runs the messaging platform Line as well as a host of apps, slid 8% Wednesday, its biggest intraday loss in over a year.
Japan Times
CULTURE / Music
Apr 22, 2021

NiziU: Made in South Korea, totally Japanese

The nine-member pop act NiziU moved from a reality TV show competition to the top of the Japanese music charts with ease — and that was the strategy all along.
Japan Times
COMMENTARY / Japan / Geoeconomic Briefing
Jul 28, 2020

Coping with China’s economic threat

More cooperation between smaller states could be the key to stopping China from dominating through sanctions and economic pressure.
The headquarters of Bank of Japan in Tokyo. The central bank has sharply raised its inflation forecast for this fiscal year and sees risks on the upside for this year and next.
BUSINESS
Aug 1, 2023

No further BOJ policy shifts expected in 2023 after surprise tweak

A survey last week found 26% of 41 economists see next April as the most likely time for further adjustments.
An increasing number of middle-aged men are using currency trading apps to buy and sell the yen to get short-term profits.
BUSINESS / Markets
Oct 26, 2023

Middle-aged salarymen exploit volatile yen with smartphone trades

Smartphone traders amplify volatility in currency markets by seizing on intraday moves, departing from a previous focus on interest rate differentials.
BUSINESS / Economy
Nov 1, 2023

Japan ramps up yen intervention warning after BOJ-fueled sell-off

The broad decline toward ¥152 to the dollar has the currency around the threshold that a year ago drove Japanese authorities to swoop in to prop it up.
Toshinori Yashiki, deputy director-general at the Financial Services Agency, urged lenders to pay particular attention to highly-leveraged borrowers.
BUSINESS
Jan 24, 2024

Japan regulator will probe risks to banks from higher rates

The Bank of Japan is expected to make its first rate hike since 2007 within a few months, raising the possibility that borrowers will struggle with higher interest payments.
Bank of Japan Gov. Kazuo Ueda said Friday that the BOJ will examine the possibility of easing measures when price targets are met.
BUSINESS / Economy
Feb 16, 2024

BOJ's Ueda maintains pledge to review stimulus when inflation goal met

Data released on Thursday showed Japan's economy unexpectedly slipped into a recession in the final quarter of last year.
Finance Minister Shunichi Suzuki says authorities are watching exchange-rate moves closely and won't rule out any options.
BUSINESS / Economy
Apr 9, 2024

Japan warns against excessive volatility as yen slides near fresh lows

The yen briefly hit ¥151.840 to the dollar, within striking distance of the 34-year low of ¥151.975 marked last month.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Washington on Thursday alongside Finance Minister Shunichi Suzuki.
BUSINESS / Markets
Apr 19, 2024

BOJ's Ueda signals possible rate hike if weak yen boosts inflation

The BOJ will scrutinize how the yen's declines so far this year could affect the economy and prices, Ueda said.
A monitor at a foreign exchange brokerage in Tokyo shows the yen falling below ¥161 against the dollar on Friday morning.
BUSINESS / Markets
Jun 28, 2024

Japan names new forex diplomat as yen hits 38-year low

Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda, who launched the biggest yen-buying intervention on record this year.
The Bank of Japan headquarters in Tokyo. The BOJ was seen as having contributed to the global market meltdown in early August after its 0.25% hike.
BUSINESS / Economy
Sep 6, 2024

BOJ’s hiking pace may be faster than expected, ex-official says

While almost no economists expect the BOJ to adjust its benchmark rate on Sept. 20, many BOJ watchers expect another rate hike by January.
Wang Tao jumps on his opponent during the Supercard From Shanghai event in Shanghai on Sept. 14. Wang, 23, ran away from home at the age of 17 to become a professional wrestler.
MORE SPORTS
Sep 24, 2024

No pain, no gain: Chinese pro wrestlers fight for mainstream glory

Despite a promising potential domestic market, China's pro wrestling community continues to struggle for recognition and financial stability.
The yen has resumed its declines recently against the dollar on expectations that the U.S.-Japan interest rate divergence will remain wide, posing a headache for authorities who fret of the hit to households from rising import costs from a weak yen.
BUSINESS / Economy
Oct 26, 2024

IMF sees weak yen as beneficial for Japan's economy

The IMF's Japan mission chief also urged Japan to raise rates at a gradual pace and compile supplementary budgets only when a big shock hits the economy.
Japan spent ¥3.17 trillion on dollar-selling intervention on July 11 and ¥2.37 trillion on July 12, quarterly data from the Finance Ministry showed on Friday.
BUSINESS / Markets
Nov 8, 2024

Japan intervened twice last quarter to bring yen below ¥160

The Finance Ministry intervened on July 11 and 12, spending ¥3.17 trillion and ¥2.37 trillion respectively to prop up the yen.
South Korean President Yoon Suk Yeol delivers an address to the nation at the Presidential Office in Seoul on Thursday.
ASIA PACIFIC / Politics
Dec 12, 2024

South Korea's Yoon remains defiant as impeachment odds jump

The embattled president said he will "fight until the end," while the chief of his own party called for his impeachment.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.