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November 22, 2024
 

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ECONOMY

Tokyo's Ginza shopping district. In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the current fiscal year ending in March 2025 to 0.7% from 0.9% projected in July.
BUSINESS / Economy
Nov 1, 2024
Japan cuts growth forecast again for current fiscal year on weak exports
In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the year ending in March 2025 to 0.7% from 0.9% projected in July.
People use umbrellas during a hot summer day in Ginza, Tokyo, in August.
ENVIRONMENT / Climate change
Nov 1, 2024
Extreme heat takes big toll on work and elderly mortality in Japan: report
The annual Lancet Countdown report says the world is facing elevated threats in 10 of 15 health indicators due to climate change.
According to Teikoku Databank, the upcoming price increases can be attributed to higher material costs and will be led by processed food and snacks.
BUSINESS / Economy
Nov 1, 2024
Japan to see price hikes for 282 food products this month
The upcoming price increases can be attributed to higher material costs and will be led by processed food and snacks.
Stock data is displayed in the Lujiazui financial district in Shanghai in August.
BUSINESS / Markets / ANALYSIS
Nov 1, 2024
Investors take cover in Asia ahead of U.S. election
Money managers are looking to make bets in India or China that stand to gain regardless of who becomes president. 
Krishna Srinivasan, director of the International Monetary Fund's Asia Pacific Department
BUSINESS / Economy
Nov 1, 2024
Japan must avoid issuing debt to fund fresh spending, IMF says
Prime Minister Shigeru Ishiba has pledged to compile another large-scale spending package to cushion the blow to households from the rising cost of living.
Gov. Kazuo Ueda has made it clear over the past few months that any monetary policy moves are dependent on inflation and growth data being aligned with forecasts.
BUSINESS / Economy
Oct 31, 2024
Bank of Japan keeps policy rate steady at 0.25%, as expected
The central bank held its ground this week even as it faced considerable political and economic pressure and significant uncertainty on the horizon.
Democratic Party for the People Secretary-General Kazuya Shimba (left) and Liberal Democratic Party Secretary-General Hiroshi Moriyama meet in the Diet building in Tokyo on Thursday.
JAPAN / Politics
Oct 31, 2024
LDP and DPP inch closer together on economic policy cooperation
If their arrangement is successful, it would mean a majority of parliamentary votes for issues especially important to the DPP.
Japan's industrial production gained 1.4% from August, led by cars and chemical product manufacturers.
BUSINESS / Economy
Oct 31, 2024
Japan's September factory output beat estimates but was down year on year
While the figures were stronger than forecast, production was weak, and uncertainty over domestic and overseas demand clouds the outlook.
The number of female directors among firms in the Tokyo Stock Exchange’s prime market will need to more than double in the next six years to meet the government target of having women make up 30% of board members at major firms by 2030.
BUSINESS / Companies
Oct 31, 2024
Rush for female directors stumbles on weak pipeline in Japan
With almost no women rising to become internal directors, companies will have no choice but to recruit them from outside.
The price of gold offered by Tanaka Kikinzoku Kogyo rose ¥173 from Tuesday to ¥15,104 per gram, including tax.
BUSINESS / Economy
Oct 30, 2024
Gold prices in Japan top ¥15,000 per gram for the first time
Concerns about political uncertainty following next week's U.S. presidential election is another reason for people to buy gold.
After a two-day meeting of the Bank of Japan policy board ends on Thursday, Gov. Kazuo Ueda is likely to stick to the script and repeat almost verbatim his previous remarks.
BUSINESS / Markets
Oct 30, 2024
Bank of Japan set to stay course with Ueda seen sticking to script
Deviations from expectations in the statement could have an impact on markets, analysts say.
Smog in Mumbai. India and China were home to 52 of the world's top 100 polluting plants in 2022.
ENVIRONMENT / Climate change
Oct 30, 2024
Superpolluting coal plants power economies and the climate crisis
Analysis of coal power often miss the local contexts of the world's largest polluters and the development priorities they support.
The monthly report identified higher interest rates in the U.S. and Europe, and stagnation in Chinese real estate market as downside risks for the Japanese economy.
BUSINESS / Economy
Oct 29, 2024
Japan continues to see moderate recovery but cuts factory output view
The government reiterated the need to pay close attention to potential global economic risks and financial market volatility.
Akira Amari, a former economy minister, championed funneling large sums of public money into building up the country’s semiconductor capacity.
BUSINESS / Economy
Oct 29, 2024
Japan’s chip push loses key advocate after election defeat
Akira Amari had championed funneling large sums of public money into building up the country’s semiconductor capacity.
Japan's jobless rate decreased to 2.4% in September, falling to its lowest level since January.
BUSINESS
Oct 29, 2024
Job market tightened in September, supporting wage gains and BOJ policy goals
Higher demand for workers is expected to pressure companies to raise salaries to retain them, potentially feeding into a virtuous cycle between prices and wages.
In the run-up to the Nov. 5 U.S. presidential election, the yen is again the top performer during periods of extreme market stress, analysts say.
BUSINESS / Markets
Oct 29, 2024
Embattled yen still popular haven amid U.S. election uncertainty
Japan’s record ¥3.02 trillion current-account surplus, deep yen liquidity and relatively low inflation help make the yen attractive as a store of value.
Prime Minister Shigeru Ishiba speaks at a news conference at the Liberal Democratic Party's headquarters in Tokyo Monday.
JAPAN / Politics
Oct 29, 2024
Election result casts shadow on Japan's economic measures
Prime Minister Shigeru Ishiba is hoping to secure cooperation from opposition parties to sustain his administration.
Bank of Japan Gov. Kazuo Ueda responds to questions during a governors talk on Japanese inflation and monetary policy at the International Monetary Fund and the World Bank Group meeting in Washington on Wednesday.
BUSINESS / Economy / ANALYSIS
Oct 28, 2024
BOJ on quest for better communication as more rate hikes loom
Communicating in a unified voice could prove challenging if each policymaker interprets data differently.
Gen. Abdel Fattah al-Burhan, the leader of the Sudanese Armed Forces, is greeted by an honor guard upon arriving at Juba International Airport in South Sudan on Sept. 16.
COMMENTARY / World
Oct 27, 2024
The dark reality of global capitalism and perpetual war
In countries like Sudan and the DRC, however, we have something closer to the feudalism of medieval times.
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.
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.
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.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
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By Kathryn Wortley

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