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November 23, 2024
 

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ECONOMY

The construction site of a new Taiwan Semiconductor Manufacturing Co. factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Economy
Nov 9, 2023
Japan set to earmark ¥2 trillion for chips in extra budget
Japan is in the midst of a spending spree to revive its chip industry with an aim to triple the sales of domestically produced semiconductors by 2030.
Prime Minister Fumio Kishida's approval ratings have dropped significantly with his economic stimulus package being met with disapproval.
COMMENTARY / Japan
Nov 7, 2023
Kishida is so unpopular, he can't even give money away
Kishida has seen his popularity plummet as his tax rebate leaves residents with the impression that it’s just a cynical ploy to win votes.
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS / Economy
Nov 7, 2023
Japan's wages and spending extend declines in test for BOJ policy
Japan's real wages dropped 2.4% in September from a year earlier.
Bank of Japan Gov. Kazuo Ueda addresses business leaders in Nagoya on Monday.
BUSINESS
Nov 6, 2023
BOJ chief sees inflation progress but warns of uncertainty
Japan's economy is likely to continue recovering, but the outlook was "extremely uncertain," Bank of Japan Gov. Kazuo Ueda said.
Blackstone's headquarters in New York
BUSINESS / Companies
Nov 6, 2023
Blackstone sees most Asia deal activity in Japan and India in 2024
The world’s largest alternative asset manager expects India and Japan to be its most active markets in Asia next year based on capital allocation.
Occupy Wall Street protesters hold a rally in front of the U.S. Federal Reserve bank in downtown Denver in November 2011.
COMMENTARY / World
Nov 3, 2023
When minority rule by neoliberals fails
Left-leaning movements and progressive ideas and policies have gained ground in the United States, altering the perception of free markets.
Major banks are set to raise interest rates on time deposits amid a rise in long-term government bond yields.
BUSINESS / Companies
Nov 3, 2023
Major Japanese banks begin to raise time deposit rates
Deposit rates have been at extremely low levels for many years under the BOJ's massive monetary easing.
Prime Minister Fumio Kishida is saluted by Maritime Self-Defense Force members during the International Fleet Review to commemorate the 70th anniversary of the foundation of the MSDF, at Sagami Bay, off Yokosuka, on Nov. 6, 2022.
JAPAN / Politics / FOCUS
Nov 3, 2023
Weak yen forces Japan to cut back on historic military spending
Officials and industry sources said Japan will begin cutting back on aircraft purchases in 2024, the second year of the buildup plan, due to the weak yen.
U.S. Federal Reserve Board Chairman Jerome Powell during a news conference in Washington on Wednesday
BUSINESS / Economy
Nov 3, 2023
Global central banks mark a possible plateau
Policymakers in Frankfurt, London and Washington uniformly say rate cuts won't be on the table until price pressures are truly contained.
Prime Minister Fumio Kishida holds a news conference about a new economic stimulus package in Tokyo on Thursday.
BUSINESS
Nov 2, 2023
Kishida unveils ¥17 trillion stimulus package amid pushback
A supplementary budget proposal — worth a total of ¥13.1 trillion — to back the package will be submitted to parliament in the upcoming weeks.
Every time Bank of Japan Gov. Kazuo Ueda has made an announcement since taking up his post, that information has appeared initially not in the public domain, but in the pages of the fourth estate.
COMMENTARY / Japan
Nov 2, 2023
Bank of Japan leaks are making an awful mess
Central bank decisions can move billions of dollars and with the BOJ, the closely watched outlier that it is, its conclusions have more impact than most.
Prime Minister Fumio Kishida holds his glasses during an Upper House Budget Committee session in Tokyo on Wednesday.
JAPAN / Politics
Nov 1, 2023
Hotly debated tax cuts risk backfiring on Kishida administration
When Kishida announced plans to cut income and residence taxes to ease the hit from inflation, there was a chorus of skepticism rather than joy.
An employee works on the production line of the Kohara Gear Industry Co. factory in Kawaguchi, Japan, in 2019.
BUSINESS / Economy
Nov 1, 2023
Asia's factories grapple with rising costs amid Israel-Hamas war
The numbers look bad a the global economic recovery now threatened by the Israel-Hamas war and potential for wider conflict.
The Bank of Japan headquarters in Tokyo. The yen unexpectedly weakened after the central bank loosened its grip on bond yields Tuesday.
BUSINESS
Nov 1, 2023
BOJ’s Ueda gets reality check on yen in march to normalization
The yen unexpectedly weakened after the central bank loosened its grip on bond yields Tuesday.
Economy minister Yasutoshi Nishimura (center) is right to insist that economic security is linked to national power and determines the fate of the nation. REUTERS
COMMENTARY / World
Oct 31, 2023
Economic security demands attention and defies simple explanation
A global challenge: Resilience and innovation are key strategies in the pursuit of economic security.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.
Japan's industrial output increased a smaller-than-expected 0.2% in September.
BUSINESS / Economy
Oct 31, 2023
Japan's September industrial production growth misses consensus
Factory output increased 0.2% from a month earlier, missing economist expectations of a 2.5% gain.
Prime Minister Fumio Kishida attends an extraordinary session at the Lower House of parliament in Tokyo on Oct. 23.
COMMENTARY / Japan
Oct 31, 2023
Prime Minister Kishida and a month of misery
The challenges Fumio Kishida faces are eroding confidence in his leadership and are likely to influence policy decision-making.
A vegetable store on the Asagaya shopping street in Tokyo on Sunday
BUSINESS
Oct 30, 2023
Japan warns Middle East situation could hit economy
The government added the developments in the Middle East to factors requiring close attention, as it "could pose a downside risk to the Japanese economy."
A ceremony marking the opening of the carbon credit market at the Tokyo Stock Exchange in Tokyo on Oct. 11
COMMENTARY / World
Aug 15, 2023
Why all carbon credits aren’t created equal
Because the carbon credit market is unregulated and completely voluntary, it’s been able to get away with a lack of scrutiny.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
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.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
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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