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November 22, 2024
 

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ECONOMY

The number of female CEOs in Japan in 2024 rose 37,038 from the year before, or by 6%.
BUSINESS
Oct 25, 2024
Proportion of female CEOs in Japan breaks 15% for first time
Survey finds progress but notes that prejudice based on gender roles remains an issue.
Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping, pose with other leaders for a group photo during the BRICS summit in Kazan, Russia, on Thursday. The summit illustrated a collective dissatisfaction with the current global power structure dominated by the U.S.
EDITORIALS
Oct 25, 2024
BRICS once again meet to complain and vent frustrations
While the summit gave the appearance of unity, there are significant differences in how member states perceive issues.
Russian President Vladimir Putin speaks during a press conference at the BRICS summit in Kazan, Russia on Thursday.
WORLD / Politics / ANALYSIS
Oct 25, 2024
Spurred by shared grievances, BRICS group gathers pace
BRICS' first summit, with its new batch of members, showed clear signs of the group's growing weight.
Core consumer prices in Japan's capital rose 1.8% in October from a year earlier, slipping below the central bank's 2% target for the first time in five months.
BUSINESS / Economy
Oct 25, 2024
Tokyo inflation slows below 2% ahead of election and BOJ meet
Consumer prices excluding fresh food rose 1.8% in the capital in October.
Leaders of the three major business groups — Keidanren, Keizai Doyukai and the Japan Chamber of Commerce — meet Prime Minister Shigeru Ishiba on Oct. 4 in Tokyo.
BUSINESS / Economy
Oct 24, 2024
¥1,500 minimum wage or bust, Japanese companies told
Managers unable to keep up with the minimum-wage increase schedule “are unfit for their positions,” Keizai Doyukai Chair Takeshi Niinami has said.
Ramen shop Menya Taisei's owner Taisei Hikage cooks ramen at his shop in Tokyo.
BUSINESS / Economy
Oct 24, 2024
Japan's rising ramen prices give election voters food for thought
The problems facing ramen shop owners reflect a cost-of-living crunch that has become a top issue for voters in the general election on Sunday.
Most economists expect the Bank of Japan to keep its benchmark interest rate unchanged during their policy meeting next week.
BUSINESS / Economy
Oct 24, 2024
BOJ watchers believe rate hike unlikely now as half brace for year-end shift
Analysts will be closely watching for policy hints from a two-day meeting that ends on Oct. 31, a few days after Prime Minister Shigeru Ishiba’s first general election.
Japan's factory activity contracted in October on subdued demand and weak orders.
BUSINESS / Economy
Oct 24, 2024
Factory activity down for fourth straight month, private-sector survey shows
In the service sector, firms said economic weakness in Japan and overseas had prompted clients to hold back on new orders, the survey showed.
Preparations ahead of the Bloomberg New Economy event at the B20 in Sao Paulo, Brazil, on Wednesday
WORLD / Politics
Oct 24, 2024
Brazil's business leaders reluctant to pick between U.S. and China ties
Brazil’s agriculture minister has called for the country to join China’s Belt and Road, the superpower’s flagship global trade and infrastructure program.
Senior IMF official Vitor Gaspar speaks during an interview in Washington last Friday.
BUSINESS / Economy
Oct 24, 2024
IMF official warns Japan of debt deterioration in event of future shock
The IMF predicts that Japan's debt will exceed 250% of its gross domestic product this year before gradually decreasing.
Bank of Japan Gov. Kazuo Ueda speaks during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS
Oct 24, 2024
Ueda says right-sizing BOJ normalization ‘keeps me awake 24/7’
Ueda and his fellow board members are widely expected to keep their benchmark rate unchanged at the next policy meeting, ending Oct. 31.
The International Monetary Fund headquarters during its spring meetings together with the World Bank Group in Washington in April 2023.
BUSINESS / Economy
Oct 23, 2024
IMF lowers global growth forecast for 2025, warning of growing risks
Global output will expand 3.2%, 0.1 percentage point slower than a July estimate, while inflation will slow from 5.8% in 2024 to 4.3% next year.
Former European Central Bank chief Mario Draghi presents his report on the future of European competitiveness to the European Parliament in Strasbourg, France, on Sept. 17.
COMMENTARY / World
Oct 23, 2024
Europe’s wake-up call on innovation and competitiveness
Europe stands at a critical juncture, needing to choose between maintaining the status quo or moving toward deeper integration.
The concept of "Buy American" has gained political traction among both leading U.S. parties, appealing to nationalist sentiments and the idea of supporting domestic jobs. But such a policy comes with real costs, monetary and otherwise.
COMMENTARY / World
Oct 23, 2024
‘Buy American’ policies don’t help Americans
Overall, the study's researchers estimate that "Buy American" provisions cost about $125,000 per job created, a relatively expensive investment.
A woman sits in front of the New York skyline in Hoboken, New Jersey, on June 23.
BUSINESS / Economy
Oct 23, 2024
U.S. remains engine of global growth in latest IMF forecasts
In its latest World Economic Outlook, the IMF raised its 2024 and 2025 economic growth forecasts for the U.S.
China's strategic government support has enabled it to lead in the production and supply chains for renewable technologies, including wind turbines, solar panels and electric vehicles.
COMMENTARY / World
Oct 22, 2024
What happens when China becomes the green tech superpower?
What should be of more concern is the “soft power” that Beijing will acquire by mastering the green tech sector.
High construction costs due to rising material and labor costs continue to push up sales prices of new condominiums.
BUSINESS / Economy
Oct 22, 2024
Tokyo-area condo price hits new high in first half of fiscal 2024
The average price in the area, which includes Tokyo, Saitama, Kanagawa and Chiba, rose 1.5% from ¥78.36 million a year earlier.
Debt-laden companies in Japan are rapidly growing in number, in some measures even faster than in 1992 after the collapse of its asset price bubble.
BUSINESS / Companies
Oct 22, 2024
Zombie companies may finally succumb to bankruptcy on BOJ hikes
Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by Tokyo Shoko Research showed earlier this month.
International Monetary Fund (IMF) and World Bank Fall meetings signage outside the IMF headquarters in Washington on Sunday
BUSINESS / Economy
Oct 21, 2024
As poor nations' default wave peaks, a cash shortage could replace it
The issue, and what to do about it when Western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings this week.
An electric stock board at the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo on April 19
BUSINESS / Markets
Oct 21, 2024
Asian IPOs set for blockbuster week as ‘animal spirits’ return
Asian markets are seeing a return of "animal spirits," or changes in market behavior often driven by emotions.
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

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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