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November 23, 2024
 

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ECONOMY

Suspected intervention to drag the yen off a 34-year low against the dollar is already seen as unlikely to have a lasting effect if Japan continues alone.
BUSINESS / Markets
May 13, 2024
Yen’s fragility raises specter of a new currency war in Asia
A destabilizing slump in the yen could be the trigger that forces Japan’s neighbors to take extreme action.
A government white paper on small and medium enterprises said more than 60% of such firms plan to raise wages this year.
BUSINESS
May 12, 2024
Japan small firms raising wages amid labor shortages, government paper says
The white paper also pointed out that the labor productivity of Japan is lower than that of other members in the OECD.
For the first time in four years, Japan saw the number of corporate bankruptcies exceed 700 in April, Tokyo Shoko Research said Friday.
BUSINESS / Companies
May 11, 2024
Japan corporate bankruptcies rise 28.3% in April
The number of bankruptcies is expected to rise as companies face increased pressure from higher borrowing costs.
As of last Sunday, ride-hailing services, which use personal vehicles to offer paid rides, had been used a total of 12,628 times in five areas.
BUSINESS
May 11, 2024
In first month of operations, ride-hailing services used more than taxis in Tokyo
The services, which were launched in April, have been used more frequently than traditional taxis so far, a transport ministry report has shown.
People walk near the Bank of Japan headquarters in Tokyo on April 26.
BUSINESS / Economy
May 10, 2024
BOJ must avoid raising rates to combat weak yen, says ex-official
Higher borrowing costs would hit consumption and services inflation, said Tsutomu Watanabe, an expert on price trends.
People in a shopping district in Tokyo in March
BUSINESS / Economy
May 10, 2024
Japan’s households cut outlays as inflation remains sticky
Real outlays decreased 1.2% in March from a year before, falling for the 13th consecutive month.
Many women suffer abuse for decades, afraid to speak out for fear of being stigmatized or blamed.
WORLD / Society / FOCUS
May 10, 2024
'Everyone around you loses': How domestic abuse hurts economies
Research suggests the global cost of all violence against women could be about 2% of gross domestic product, or the size of Canada's economy.
The growing divide between U.S.-led and China-aligned blocs is taking a toll on the global economy as trade and investment flows are redirected along geopolitical lines in ways not seen since the Cold War.
BUSINESS / Economy
May 9, 2024
Cold War-type divide puts trade and investment at risk, top IMF official warns
After years of shocks, countries are reevaluating their trading partners, an IMF official has said.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after a two-day monetary policy meeting at the BOJ headquarters in Tokyo on April 26.
BUSINESS
May 9, 2024
Many BOJ board members saw need for steady rate hikes in April, records show
Some saw the chance of a faster-than-expected pace of interest rate hikes on prospects of inflation durably staying or exceeding the bank's 2% target.
Masato Kanda, vice finance minister for international affairs, speaks to reporters in Tokyo on April 30.
BUSINESS / Economy
May 9, 2024
Japan’s reserves tally likely too early to reflect intervention
Officials continue to conceal whether they have taken action, forcing investors to make educated guesses about the market moves.
Real wages fell 2.5% from a year earlier in March, marking the 24th straight month of declines, exacerbated by a 9.4% drop in bonuses.
BUSINESS / Economy
May 9, 2024
Real wages fell for 24th month in March, dented by 9.4% decline in bonuses
Data for full-time workers that avoid sampling problems and exclude bonuses and overtime pay grew by 2.3%, above 2% for the seventh month.
Sony employees simulate the physical sensations of pregnancy at the company’s headquarters in Tokyo in February. The simple power of numbers can begin to remake workplace cultures, but many Japanese women still struggle to balance their careers with domestic obligations.
JAPAN / Society
May 8, 2024
It took decades, but Japan’s working women are making progress
Employers have taken steps to change a male-dominated workplace culture. But women still struggle to balance their careers with domestic obligations.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on Tuesday at the Prime Minister's Office following a meeting with Prime Minister Fumio Kishida.
BUSINESS / Economy
May 8, 2024
BOJ’s Ueda tweaks weak yen remarks in possible hint of rate hike
Yen weakness has escalated despite Japan’s first interest rate hike since 2007 in March.
A suburb in Melbourne. Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all.
BUSINESS / Economy
May 8, 2024
Rents set to be last domino to fall in global inflation battle
Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024
Japan warns of action over rapid currency moves
Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
Despite Shinzo Abe's numerous achievements as prime minister, including job creation and efforts to promote workforce gender equality, recent controversies surrounding his tenure, including ties to controversial groups and scandals within his political faction, have tarnished his image.
COMMENTARY
May 7, 2024
The economic legacy of Japan's longest-serving prime minister
Under Abenomics and the BOJ's monetary policy, employment rose more than under any other Japanese government in the 21st century.
The Hong Kong market's recent rally has been fueled by a reassessment of investment strategies, with previously favored markets such as Japan and Taiwan losing appeal. Bloomberg
COMMENTARY / World
May 7, 2024
What is behind the Hong Kong market’s fast and mysterious rally?
The reallocating of investments toward Chinese assets is likely to continue, despite the historical volatility associated with the Chinese market.
Tourists pose in front of a convenience store with Mount Fuji on Friday in the town of Fujikawaguchiko, Yamanashi Prefecture. Local residents are upset over littering, overcrowding and the inconvenience caused by the visitors.
COMMENTARY / Japan
May 7, 2024
Thanks, tourists. Views of Mount Fuji are now blocked.
Japan needs better long-term strategies to manage tourism sustainably.
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
BUSINESS / Economy
May 6, 2024
Japan's labor crunch persists despite slight improvement
Companies involved in IT engineering fared the worst, with more than 7 in 10 saying they didn't have enough workers and had to resort to forgoing projects.
Over the past two years, 2.4 million people arrived in Canada, more than the population of the U.S. state of New Mexico. Yet Canada barely added enough housing that would cater to just the residents of the New Mexico capital of Albuquerque.
BUSINESS / Economy
May 6, 2024
Global housing shortages are crushing immigration-fueled growth
In developed economies such as Canada, Australia and the U.K., life is getting tougher for both locals and immigrants alike.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
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.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
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.

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