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July 17, 2024
 

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ECONOMY

The Bank of Japan will decide whether to end its negative interest rate policy at its policy board meeting, which ends on Tuesday.
BUSINESS / Economy
Mar 18, 2024
BOJ’s Ueda faces decision time on rate hike
With the end of Japan's negative rate being a near certainty, the only question that remains is whether it comes on Tuesday or at the end of April.
Keidanren chief Masakazu Tokura addresses the Liberal Democratic Party's annual convention in Tokyo on Sunday.
BUSINESS / Economy
Mar 17, 2024
Japan business lobby chief hopes for government efforts to end deflation
The BOJ may end negative interest rates at its two-day monetary policy meeting through Tuesday, in what could be the first hike in 17 years.
Call loan brokers at Tokyo Tanshi in Tokyo in November. After decades of setting its benchmark rate near zero, the Bank of Japan is poised to tighten, spurring new opportunities for veteran traders after decades of setting its benchmark rate near zero.
BUSINESS / Markets
Mar 17, 2024
Japan’s $4 trillion offshore funds will ignore first BOJ hike
Only 40% of 273 respondents said the BOJ's first interest-rate hike since 2007 will prompt investors to sell foreign assets and repatriate the proceeds.
Visitors look at cherry blossom trees in Tokyo's Ueno Park.
BUSINESS / Economy
Mar 16, 2024
Inflation dents budgets for cherry blossom viewing in Japan
People planning to go to see the flowers will likely spend an average of ¥6,872 ($47) per person, down 0.9% compared with last year.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy
Mar 15, 2024
BOJ to end negative interest rates at next week's meeting, sources say
The move would be the first rate hike by the central bank in 17 years.
A woman takes pictures with Kawazu cherry blossom trees, one of the earliest to bloom in Japan, in Tokyo's Sumida district on Monday.
JAPAN / Society
Mar 15, 2024
Economic impact of hanami expected to double this year
Higher tourist numbers and prices, along with a depreciation of the Japanese currency, are among factors contributing to the larger economic impact.
Justice Minister Ryuji Koizumi speaks to reporters about the new system to train foreign workers in the parliamentary building on Friday.
JAPAN
Mar 15, 2024
Government OKs bill for new foreign worker training system
The new system is expected to begin as early as 2027 if the legislation is enacted.
The results of wage negotiations between companies and labor unions are written on a whiteboard at the office of the Japan Council of Metalworkers' Unions in Tokyo on Wednesday.
BUSINESS / Companies
Mar 15, 2024
Japan’s labor unions win big pay raises for members
The preliminary figure for the average hike stands at a 33-year high of 5.28%, according to Japan’s largest labor organization.
Investors will be heaping ever more scrutiny on Japanese assets, with negative rates potentially relegated to history.
BUSINESS / Markets
Mar 15, 2024
BlackRock and Man Group reveal big Japan bets before BOJ decision
Snap up more Japanese stocks and keep buying the yen — these are some of the most popular calls from big-name money managers.
The transport ministry intends to partially allow ride-hailing business in some areas of Tokyo, Kyoto, Kanagawa and Aichi prefectures from April amid shortages of taxi drivers.
BUSINESS
Mar 14, 2024
Japan to allow private-driver ride-hailing services in four areas
Currently, ride-hailing apps such as Go and Uber only allow users in Japan to call registered taxis.
Results of spring wage negotiations are written on a board at an office of the Japan Council of Metalworkers' Unions in Tokyo's Chuo Ward on Wednesday.
BUSINESS / Economy
Mar 13, 2024
Major Japanese firms offering solid pay hikes for second year running
Several companies met or even exceeded labor union demands, raising the possibility the Bank of Japan will adjust monetary policy soon.
While Donald Trump and Joe Biden are both highly unpopular, key economic indicators and recent polls suggest that Biden should be worried about the coming election.
COMMENTARY / World
Mar 13, 2024
The anatomy of the Biden-Trump rematch
Trump has an energetic base whereas Biden’s re-election bid generates almost no enthusiasm. Still, many Americans strongly oppose a second Trump term.
Some 38% of Bank of Japan watchers in a survey believe the central bank will end its negative rates next week.
BUSINESS / Economy
Mar 12, 2024
Half of BOJ watchers still see April rate hike while bets on March move jump
The proportion of 50 economists forecasting an end to the world’s last negative rate in April slipped to 54% in the latest survey from 59% in January.
Business sentiment among major Japanese companies in the January to March period deteriorated to record its first negative reading in four quarters.
BUSINESS / Economy
Mar 12, 2024
Big Japanese firms' sentiment shows first negative reading in four quarters
The business sentiment index for large companies stood at minus 0.018, according to the joint Finance Ministry-Cabinet Office survey.
Climate protesters interrupt a campaign event for former U.S. President Donald Trump in Indianola, Iowa, on Jan. 14.
COMMENTARY / World
Mar 10, 2024
What would a Trump win mean for the climate?
Even if Trump wins and tries to take a wrecking ball to climate policies, he ultimately can't derail the renewables revolution gaining momentum in the U.S.
Bank of Japan Gov. Kazuo Ueda said consumption was weakening for food and daily necessities amid higher prices.
BUSINESS / Economy
Mar 12, 2024
BOJ chief Kazuo Ueda slightly tones down optimism on economy
Speaking in parliament on Tuesday, Bank of Japan Gov. Kazuo Ueda said consumption was weakening for food and daily necessities amid higher prices.
Zensho Holdings, the operator of Sukiya and other restaurant chains, will raise salaries of regular employees by 12.2% on average.
BUSINESS / Economy
Mar 12, 2024
Japan firms across sectors offer pay hikes of up to 12% in spring talks
Early wage deals with unions reflect a recovery in earnings from the worst of the COVID-19 pandemic as well as a sense of crisis over labor shortages.
Anti-capitalist protesters with Occupy San Francisco take part in a demonstration on the streets of the Californian city in October 2011.
COMMENTARY / World
Mar 10, 2024
The economic future of our overworked grandchildren
While John Maynard Keynes predicted a future of leisure and abundance, the world has seen an increase in wealth disparity and a culture of overwork.
Japan revised economic data higher, reversing a quarterly contraction in October-December 2023 into positive growth and avoiding a technical recession.
BUSINESS / Economy
Mar 11, 2024
Japan’s economy avoids recession one week before BOJ meeting
The government made an upward revision to capital investment figures to reflect 2% growth, which in turn sent the country's GDP into positive territory.
Many countries including the U.S. and China are prioritizing domestic production and shortening supply chains to enhance economic self-reliance — but they are doing so at the risk of fueling systemic instability and intensifying great-power tensions.
COMMENTARY / Japan
Mar 10, 2024
Economic self-reliance is a dangerous delusion
Countries around the world have given high priority to shortening supply chains, rebuilding domestic production capacity and diversifying suppliers.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

SUSTAINABLE JAPAN

Exploring Japanese culturevia Tohoku’s festivals
Exploring Japanese culturevia Tohoku’s festivals

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