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September 18, 2024
 

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ECONOMY

Tokyo's Ginza area marked the highest commercial land prices this year for the 19th consecutive year.
BUSINESS / Economy
Sep 17, 2024
Japanese average land price rises for third consecutive year
Overall land prices showed the first increase in 32 years in locations outside the three metropolitan areas of Tokyo, Nagoya and Osaka.
The Bank of Japan is holding its policy board meeting this week.
BUSINESS / Economy
Sep 17, 2024
Japan set to hold rates steady as yen rallies and LDP candidates stump
A rate hike by the Bank of Japan right after an expected cut by the Federal Reserve would cause more turbulence, UBS Securities' chief Japan economist says.
A ride-hailing service vehicle in Sendai. In times of disasters, such services will be available more widely.
JAPAN
Sep 17, 2024
Japan to allow use of ride-hailing services in disasters
Demand for transportation tends to increase during disasters such as earthquakes and typhoons, as well as in the recovery and reconstruction process.
The lapse of the historic U.S.-China Science and Technology Agreement, coupled with escalating tariffs and trade restrictions, has exacerbated economic tensions between the two countries and impacted global stability.
COMMENTARY / World
Sep 12, 2024
Resetting U.S.-China economic relations
To address global challenges, active cooperation between the two economic powers is indispensable.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024
Yen strengthens beyond ¥140 per dollar for first time since 2023
The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
While short-term disruptions like inflation are easing, the European Union faces long-term challenges including rising security risks, a widening productivity gap with the U.S. and an innovation deficit.
COMMENTARY / World
Sep 15, 2024
Europe needs a new economic vision
The global economic shocks of the past few years have left Europe particularly vulnerable.
The construction site of the Rapidus chip factory in Chitose, in the northern prefecture of Hokkaido. The Rapidus chip factory in Chitose is a collaboration with IBM and backed by billions of dollars in government funding.
BUSINESS / Tech
Sep 14, 2024
Japan tries to reclaim its clout as a global tech leader
To do this, Japan is working with foreign tech leaders — an outward-looking, collaborative approach that decades earlier would have been unthinkable.
Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024
Epic yen rally is a lesson in the lost art of FX intervention
Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
The Bank of Japan headquarters in Tokyo. Some 53% of economists surveyed by Bloomberg said the earliest timing for a rate change would be in October.
BUSINESS / Economy
Sep 13, 2024
Over half of BOJ watchers see next rate hike coming in December
The survey results show most analysts believe the market ructions after the July 31 rate hike didn't derail the BOJ from the normalization path.
Historical examples show that technological advances often lead to significant but gradual changes, sometimes accompanied by social and economic disruptions.
COMMENTARY / World
Sep 12, 2024
Will the AI revolution lead to greater prosperity?
Historical examples show that technological advances often lead to significant but gradual changes, sometimes accompanied by social and economic disruptions.
Pedestrians cross an intersection in the Shibuya district of Tokyo. Japan has experienced a postpandemic travel boom, with tourists pouring back in after restrictions closed the country’s borders to travelers.
BUSINESS / Economy
Sep 12, 2024
Japan jumps to No. 2, from sixth place, in Best Countries index
It jumped from 6th place on the 2023 list as a post-COVID boom and reforms helped bump it up on the subindexes used to calculate the overall score.
Suntory Holdings CEO Takeshi Niinami speaks during a Reuters Newsmaker event in Tokyo on Wednesday.
BUSINESS / Companies
Sep 12, 2024
Seven & I takeover bid shows a shift in government, Suntory CEO says
The takeover bid has also left many CEOs in Japan nervous that their companies could be next.
Shoppers outside an office building in Beijing in August. China's overall public spending — which includes local governments — is shrinking, not growing. It contracted about 2% in the first seven months of 2024.
BUSINESS / Economy
Sep 12, 2024
China’s attempt to boost demand is stifled by wall of austerity
While finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, their counterparts in the provinces are in full belt-tightening mode.
Job-seekers take a Japanese class at an employment placement company in Hanoi in October 2022.
COMMENTARY
Sep 11, 2024
Is Japan an attractive option for foreign talent from Asia?
The uptick in young foreign workers is driven by growing interest in Japanese society and culture and difficulty in finding jobs at home.
The dollar fell to an eight-month low in Tokyo trading Wednesday morning, after a Bank of Japan policymaker signaled a willingness to raise interest rates further.
BUSINESS / Markets
Sep 11, 2024
Yen leads gains versus dollar as traders weigh BOJ and U.S. debate
The yen has been in a broad appreciation trend since hitting a multi-decade low of ¥161.95 on July 3.
Growing moves by companies to pass on higher costs to consumers amid accelerating inflation are believed to have led to the decrease in bankruptcies.
BUSINESS / Companies
Sep 10, 2024
Japan business failures log first drop in 29 months in August
The figure stood below 800 for the first time in four months.
Global investors are expecting the yen may rise further since the Bank of Japan raised interest rates in July.
BUSINESS / Markets
Sep 10, 2024
Yen rally prompts an unwind of hedges in Japanese stocks but investors wary of earnings hit
Expectations that the yen may strengthen further have prompted strategists to recommend unwinding currency hedges on Japanese shares that have outperformed peers.
A monitor in Tokyo shows the Nikkei stock average tumbling on Monday morning.
BUSINESS / Markets
Sep 9, 2024
Tech leads Nikkei decline but yen's retreat caps losses
The drop follows a sell-off in U.S. equities on Friday, after monthly U.S. payroll figures confirmed that the jobs market was losing momentum.
Ashwini Vaishnav (left), the Indian minister of electronics and information technology, and N. Chandrasekaran, the chairman of Tata Sons, take part in the foundation stone laying ceremony for India's first AI-enabled semiconductor fabrication facilities in Dholera, Gujarat, India, on March 13.
COMMENTARY / World
Sep 9, 2024
Could India become an alternative to China in the ‘chip war’?
As decoupling from China gains traction, the U.S. and its allies are betting on India for supply chain restructuring and semiconductor development.
Japan's economy expanded in the April-June period at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending.
BUSINESS / Economy
Sep 9, 2024
Japan’s softer economic rebound still keeps BOJ hike in play
In noninflation adjusted terms, the economy advanced 1.8% from the previous quarter.
'Shogun' becomes first non-English-language winner of best drama Emmy
Japanese actress Anna Sawai, winner of the outstanding lead actress in a drama series award for "Shogun," and Japanese actor Hiroyuki Sanada, winner of the outstanding lead actor in a drama series award for the show, pose in the press room during the 76th Emmy Awards in Los Angeles on Sunday.
Chris Broad's new bar puts cocktails first, YouTube second
A self-proclaimed lover of great cocktails, YouTuber Chris Broad says his new Shibuya watering hole is more a place to get yourself a solid drink than it is anything related to his social media career.
South Korea is facing deepfake porn crisis
Activists hold up symbolic eye masks during a protest against deepfake porn in Seoul on Aug. 30.
In LDP presidential poll, three kingmakers hold all the cards
Prime Minister Fumio Kishida speaks at the Liberal Democratic Party headquarters in Tokyo in January as former Prime Minister Yoshihide Suga (left) looks on.
Yen strengthens beyond ¥140 per dollar for first time since 2023
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
‘Shogun’ and the painstaking art of ‘getting it right’
Hiroyuki Sanada and the cast and crew of "Shogun" accept the award for best drama series at the 76th Primetime Emmy Awards in Los Angeles, California.
Japan’s schools battle to keep kids cool, with or without AC
Students sit under a misting system during recess at Hikarigaoka Haru no Kaze Elementary School in Nerima Ward, Tokyo, on Sept. 6.
Chris Broad's new bar puts cocktails first, YouTube second
A self-proclaimed lover of great cocktails, YouTuber Chris Broad says his new Shibuya watering hole is more a place to get yourself a solid drink than it is anything related to his social media career.
In LDP presidential poll, three kingmakers hold all the cards
Prime Minister Fumio Kishida speaks at the Liberal Democratic Party headquarters in Tokyo in January as former Prime Minister Yoshihide Suga (left) looks on.
How China’s dominance of solar and batteries is impacting Japan’s energy transition
Solar panels and wind turbines at a power plant in Hami in China's Xinjiang region. The U.S. and other countries have described China’s actions against Uyghurs in the Xinjiang region, a key cog in the cleantech supply chain, as a genocidal campaign aimed at erasing an entire culture.

Podcast

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

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

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