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November 22, 2024
 

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ECONOMY

Hajime Takata, Bank of Japan's board member, says the bank needs to proceed with a further rate hike if inflation continues to develop.
BUSINESS / Economy
Sep 5, 2024
BOJ to need more hikes if justified by data, board member says
The remarks reinforce the recent message by Gov. Kazuo Ueda that the bank will continue to normalize its policies as conditions allow.
Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated, reducing them for BYD and several of its rivals, raising concerns about protectionism.
BUSINESS / Companies / FOCUS
Sep 5, 2024
BYD's global expansion push runs into a stiff test in Japan
Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated.
Michie Hino, 77, works at an elderly care home in Chiba Prefecture. She is one of a growing number of senior Japanese citizens working into their 70s.
JAPAN / Society / FOCUS
Sep 5, 2024
Working till your 70s — Japan's prospective gift to the world
A struggling pension system and the highest inflation in decades have led more Japanese people to delay retirement until their 70s or later to make ends meet.
Osaka is set to open Grand Green Osaka in the city’s Umekita area. It is a sprawling redevelopment that combines a park with mixed-use skyscrapers and is part of a push to rejuvenate the merchant city.
COMMENTARY / Japan
Sep 5, 2024
Japan’s second city can finally make Tokyo jealous
For the first time in years, Osaka has something that will make Tokyoites jealous. It might also serve as a symbol of the merchant city’s push for a comeback.
Real cash earnings for workers in Japan climbed 0.4% in July from a year earlier.
BUSINESS / Economy
Sep 5, 2024
Japan real wages unexpectedly rise, keeping BOJ on hike path
Real cash earnings for workers climbed 0.4% in July from a year earlier, the labor ministry has reported.
Digital transformation minister Taro Kono has described Japan's current fiscal state as an "emergency situation," saying the nation has to regain fiscal discipline.
JAPAN
Sep 4, 2024
Japan's budget demands hit record as leadership race steps up
The race could complicate Tokyo's efforts to restore fiscal discipline.
Liberal Democratic Party Secretary-General Toshimitsu Motegi announces his candidacy for leadership of the party in Tokyo on Wednesday.
JAPAN / Politics
Sep 4, 2024
In leadership bid, LDP Secretary-General Motegi says no tax hikes
He pledges to tackle Japan’s sluggish economy without increasing the burden on taxpayers and abolish the contentious "funds for political activities."
Weighting the total number of medals won by each country by value — three points for gold, two for silver and one for bronze — reveals that the 12 countries with the highest medal count in Paris are all advanced economies.
COMMENTARY / World
Sep 4, 2024
The geopolitics of Olympic medals
A larger population offers a broader talent pool, and economic development supports better sports infrastructure and policies.
Uber is working with Royal Limousine and Times Mobility to conduct a trial to allow ordinary drivers to offer ride-hailing services even if they do not own vehicles.
JAPAN
Sep 4, 2024
Uber Japan tests use of car-sharing vehicles for ride-hailing services
The aim of the trial, which will run through Nov. 30, is to make it easier for drivers to get into the business.
One survey revealed that 68% of recruiters admit to appearance-based hiring and 96% say interviews are influenced by visual impressions, which is why many employment experts advise job hunters to invest significantly in their appearance.
COMMENTARY / Japan
Sep 4, 2024
Why do I need a photo on my resume to apply for a job in Japan?
It is time to build a recruitment system in Japan that rewards people’s talents, irrespective of their looks
A stock board at the Tokyo Stock Exchange
BUSINESS / Economy
Sep 3, 2024
Japan FSA to examine bank risks in ‘world with interest rates’
In its annual policy guidance released on Friday, the Financial Services Agency pointed to uncertainty over the global economy and markets.
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024
Japanese companies mark record combined profits in April-June
Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024
Japan’s new prime minister must set fresh fiscal target, adviser says
Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024
Yen calling the shots as BOJ mulls rate increase
Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
The U.S. has been pressuring Japan to impose additional restrictions on the ability of firms to sell advanced chipmaking tools to China, as part of a long-running campaign to curtail China’s semiconductor progress.
BUSINESS / Economy
Sep 2, 2024
China warns Japan of retaliation over potential new chip curbs
One major concern is that Beijing could cut off Japan’s access to critical minerals that are essential for automotive production.
Japanese firms' capital expenditure rose 1.9% in the three months through June from the previous quarter.
BUSINESS
Sep 2, 2024
Japan’s firms lift outlays in sign of modest domestic demand
Capital expenditure on goods excluding software rose 1.9% in the three months through June from the previous quarter.
With so many voters suffering financially and showing an eagerness to throw politicians out of office, delivering higher living standards appears to be a necessary condition for restoring political stability to the world’s democracies.
COMMENTARY / World
Sep 1, 2024
Political and economic chaos through 'the looking glass'
America is not alone in experiencing an unanticipated upheaval. Five years ago, it seemed inconceivable that a major ground war would occur on the European continent.
Despite current limitations, the progression toward practical humanoid robots is anticipated, driven by advancements in technology and artificial intelligence.
COMMENTARY / Japan
Sep 1, 2024
The future of robots is coming on two legs
Unlike traditional robots, which have already transformed industries with their transport capabilities, bipedal robots are still in the early stages of deployment.
Despite the challenges, including sluggish consumption and market volatility, the Bank of Japan's recent policy adjustments reflect a strategy aimed at ensuring a stable path toward its inflation goals.
COMMENTARY / Japan
Aug 30, 2024
BOJ’s recent policy changes highlight a shift toward global monetary practices
The BOJ's approach is influenced by global financial regulations and aims to balance market stability with effective monetary policy.
For a billionaire with a mission to prevent climate change, “He greened the energy policy of the world’s fourth-biggest economy (Japan),” would make a hell of an epitaph for Mike Cannon-Brookes. 
COMMENTARY / Japan
Aug 29, 2024
An activist investor could green Japan for $700 million
For a billionaire with a mission to prevent climate change, "Greened the energy policy of the world’s fourth-biggest economy” would make a hell of an epitaph.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

Podcast

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

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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