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July 17, 2024
 

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ECONOMY

The pickup in consumer prices largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
BUSINESS / Economy
Mar 5, 2024
Tokyo prices heat up again, supporting case for BOJ rate hike
Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%.
Japan's corporate spending on plants and equipment jumped 16.4% in the fourth quarter from a year earlier, government data shows.
BUSINESS / Economy
Mar 4, 2024
Japan corporate capex jumps, paving way for BOJ exit from stimulus
Capital expenditure rose 16.4% in the fourth quarter from a year earlier, and 10.4% on a seasonally adjusted quarterly basis.
Shiseido is aiming to cut about 1,500 jobs in Japan through early retirement program.
BUSINESS / Companies
Mar 4, 2024
Outliers in Japanese stocks’ bull run under pressure to downsize
A rising number of blue-chip Japanese companies are cutting staff — a move that used to be seen as a last resort.
Japan's benchmark 225-issue Nikkei average surpassed the 40,000 mark for the first time on Monday.
BUSINESS / Markets
Mar 4, 2024
Japan's Nikkei index surpasses 40,000 points for first time
The Nikkei’s smashing of previous records is credited in part to the weakness of the yen against the dollar.
A new future initiative aimed at training foreign workers is part of a broader strategy to address pressing labor shortages in Japan.
BUSINESS
Mar 3, 2024
Japan eyes training foreign workers amid labor shortages
The proposed training system will supersede the current foreign technical internship system.
A retail shopping area in Tokyo in February. A recent bout of inflation appears to have cleared the way for Japan to officially end its war on deflation.
BUSINESS / Economy
Mar 2, 2024
Japanese government may declare official end to deflation
A recent bout of inflation appears to have cleared the way for Japan to officially end its war on deflation.
Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024
Japan auto sales down almost 20% in February
The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
The world needs to avoid the mistakes and pitfalls that go with providing debt relief and should craft sustainable solutions for financially distressed nations. 
COMMENTARY / World
Mar 1, 2024
Developing countries’ never-ending debt crisis
Creditors have a role in resolving debt crises. This means all eyes are on China, which is the single most important creditor for debt distress.
Prime Minister Fumio Kishida said the government would draw up a political policy package for the next three years or so for system reforms allowing the country's competitiveness and birthrate to improve by 2030.
BUSINESS / Economy
Mar 1, 2024
Japan may have lowest per capita GDP among major economies in 2060
The government estimate is likely to materialize if the country's productivity growth remains low as in recent years and the population continues to fall.
Japan's unemployment rate fell to 2.4% in January from 2.5% in the previous month, with economists suggesting that the current recession is making firms hesitant to increase job postings.
BUSINESS / Economy
Mar 1, 2024
Japan’s tight labor market to keep upward pressure on wages
The unemployment rate fell to 2.4% from a revised 2.5% a month earlier, the internal affairs ministry reported Friday.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo on Thursday.
BUSINESS / Economy
Mar 1, 2024
BOJ governor says price target not already in sight
Kazuo Ueda played down the significance of Japan’s slide back into a technical recession.
Indian Prime Minister Narendra Modi addresses the public on the outskirts of Varanasi, India, on Feb. 23.
ASIA PACIFIC
Mar 1, 2024
India posts surprise 8.4% surge in growth ahead of elections
The government predicts growth will reach 7.6% in the fiscal year through March, higher than an earlier projection of 7.3%.
What is the BOJ hoping to achieve through tighter policy? The bank's governor, Kazuo Ueda, dissented in 2000, arguing then a hike was premature — and he was right. Why the change now.
COMMENTARY / Japan
Feb 29, 2024
Selling a rate hike during recession is tough. Good luck, Ueda.
What sounded like a statement of the obvious by Bank of Japan Gov. Kazuo Ueda last week — that a country where prices are rising by 2% is, in fact, experiencing inflation — has more to it than meets the eye.
Japan's factory output in January fell at the fastest pace since May 2020 due to a drop in automobile-related production.
BUSINESS / Economy
Feb 29, 2024
Japan factory output falls at the fastest pace in nearly four years
A production downturn in motor vehicles is also adding to concerns about the fragility of an economy that slipped into recession late last year.
A firefighter walks on mud and rocks from a mudslide during a storm in Los Angeles on Feb. 5.
ENVIRONMENT / Climate change
Feb 29, 2024
U.S. and Philippines pay highest economic price for climate-fueled weather
The U.S. currently experiences the worst losses in absolute terms: about $97 billion annually.
There is a global trend toward economic bifurcation with the U.S. and China leading the charge — and multinational solutions are needed to address the new challenges.
COMMENTARY
Feb 28, 2024
The inexorable movement toward a divided global economy
Efforts to protect national economies from threats require multinational solutions. Chains are only as strong as their weakest link.
U.N. Secretary-General Antonio Guterres says the international community is currently experiencing "gridlock" and suffering "colossal global dysfunction.”
COMMENTARY / World
Feb 28, 2024
No one wins in a lose-lose world
Fragmentation of the world economy could derail growth, especially in low-income countries, turning zero-sum thinking into a self-fulfilling prophecy.
Nissan is planning an autonomous vehicle ride-share service for Japan with a 2027 launch date to address a lack of taxi drivers due to the nation’s aging population.
BUSINESS / Companies
Feb 28, 2024
Nissan plans 2027 driverless ride-share service for aging Japan
Nissan will trial the service in Yokohama's Minato Mirai area, with 20 vehicles equipped with a safety monitor in each driver’s seat.
The Bank of Japan is facing hardly any signs of opposition to scrapping its negative interest rate as the strongest price growth in decades weighs on households and businesses.
BUSINESS / Economy
Feb 28, 2024
BOJ should make straightforward policy shift, top finance professor says
Exiting policy should be like business as usual, said Hiroshi Yoshikawa, professor emeritus at the University of Tokyo and a friend of BOJ Gov. Kazuo Ueda.
Japan's benchmark Nikkei index is on a roll, having broken its bubble-era record last week.
COMMENTARY / Japan
Feb 27, 2024
What explains the recent surge in Japanese stock prices?
Japan needs for increase domestic capital investment, technological innovation and sound risk-taking to improve long-term competitiveness.
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.

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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

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