Tag - economy

 
Menu
Search
 
November 22, 2024
 

Today's print edition

Home Delivery
Subscribe for more access

ECONOMY

Japan’s civil servants will likely see the biggest salary increases in over three decades in the current fiscal year.
BUSINESS / Economy
Aug 8, 2024
Japan’s public servants may see biggest pay hike in 32 years
The Finance Ministry estimates that implementing these recommendations could increase the financial burden of sustain services by roughly ¥382 billion ($2.6 billion).
Bank of Japan Gov. Kazuo Ueda speaks to reporters on July 3.
BUSINESS / Economy
Aug 8, 2024
Bank of Japan’s surprise rate rise a real head-scratcher for some analysts
Some analysts are skeptical about consumption actually being stimulated, saying that positive wage growth will not necessarily guarantee that.
As investors look for opportunities in the new environment created by the Bank of Japan and the resulting market turmoil, there is broad consensus that they will have to reevaluate what they thought they knew about the country.
BUSINESS / Markets
Aug 7, 2024
Japan morphs into the center of worry for global investors
In less than a week, Japan has completely upended the world’s expectations for its markets and economy.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida sent a strong dovish signal in the wake of historic financial market volatility in Japan by pledging to refrain from hiking interest rates when markets are unstable.
BUSINESS / Markets
Aug 7, 2024
BOJ deputy governor plays down chance of near-term rate hike
Shinichi Uchida's remarks stand in contrast with Gov. Kazuo Ueda's hawkish comments made last week when the BOJ unexpectedly raised interest rates.
Shigeru Ishiba speaks during an interview in Tokyo on Tuesday.
BUSINESS / Economy
Aug 7, 2024
LDP bigwig Ishiba endorses BOJ's rate hikes
"The Bank of Japan is on the right policy track" in raising interest rates, Shigeru Ishiba said.
Bears think the best days for bank shares may be over, but for investors who are worried the yen may have further room to gain, bank shares have the additional benefit of having limited exposure to foreign-exchange fluctuations.
BUSINESS / Markets
Aug 7, 2024
Massive losses set stage for big rebound in Japan’s bank stocks
In the first three days of August, the Topix Banks index lost 26.5%, more than the 20.3% fall in the broader Topix index.
Ngun Nei Par, the general manager at Ginshotei Awashima in Numata, Gunma Prefecture, graduated from a university in Myanmar with a degree in geography.
JAPAN / Society
Aug 6, 2024
Japan needs foreign workers, but it might not want them to stay long
Japanese politicians remain reluctant to create pathways for foreign workers, especially those in low-skill jobs, to stay indefinitely.
The turmoil affecting global markets came on the heels of Bank of Japan Gov. Kazuo Ueda’s decision to raise rates, but you can't fault him given the volatile worldwide economic conditions.
COMMENTARY
Aug 6, 2024
Tokyo market rout — oops, the BOJ did it again
Japan’s central bank isn’t responsible for the bloodbath. But it’s reliving a terrible habit of hiking rates at the worst possible time.
Kohei Saito, associate professor of philosophy at the University of Tokyo, in a "common forest" in Hachioji, Tokyo, in July
JAPAN
Aug 6, 2024
Slow down to save the planet, says Japanese philosopher Kohei Saito
Capitalism is the root cause of climate change, and we need to stop chasing growth, Saito argues.
The Bank of Japan released minutes from its June policy board meeting Monday.
BUSINESS / Economy
Aug 5, 2024
Up rates before it’s 'too late,’ one BOJ policy board member said in June
Some members of the nine-member policy board mentioned that a weak yen could inflate import prices and put upward pressure on consumer prices.
The Nikkei stock index saw the biggest plunge in eight years Friday following the Bank of Japan's rate hike earlier in the week.
BUSINESS / Markets / FOCUS
Aug 4, 2024
Investors take long-term view as rate hike whipsaws Japan
As the country normalizes after years of negative interest rates, corporate pricing power and higher pay for workers may spur economic growth, analysts say.
China always seems to be one step ahead of America in economic strategies, advancing in electric vehicle and battery production while the U.S. struggles to keep up with evolving trade and supply chain challenges.
COMMENTARY / World
Aug 2, 2024
West plays 'whack-a-mole' as China dominates EV and battery sectors
A more proactive, multilateral approach by the U.S. to supply chain and trade policy is necessary to counter China’s economic influence.
A government white paper stressed the need to pay attention to the impact of interest rate hikes by the Bank of Japan on personal consumption.
BUSINESS / Economy
Aug 2, 2024
Japan warns of weak yen impact on households in government white paper
A weak yen has become a source of concern for policymakers as it has dampened consumption by inflating the cost of importing fuel, food and raw material.
Kazuo Momma, former assistant governor of the Bank of Japan
BUSINESS / Economy
Aug 2, 2024
BOJ likely to hike in October after big shift, former official says
The BOJ’s basic stance now seems to be that as real rates are extremely low, they can keep raising them as long as no major shock hits the economy.
The Bank of Japan headquarters in Tokyo. A majority of the analysts surveyed by Bloomberg said this week’s rate hike by the central bank was appropriate, and nearly 70% expected the rate to be raised again by the end of this year.
BUSINESS / Economy
Aug 2, 2024
Most BOJ watchers rethink pace of hikes after Ueda’s hawkishness
Some 68% of 41 economists see the policy rate rising to 0.5% from 0.25% by the end of this year, according to a Bloomberg survey.
Bank of Japan Gov. Kazuo Ueda attends a news conference after the central bank's policy meeting, in Tokyo on Wednesday.
BUSINESS / Economy
Aug 1, 2024
BOJ’s sudden hawkishness attributed to yen defense
Economists believe political pressure may have had something to do with the central bank’s shift in stance.
Japan's personal mortgages are set to rise for the first time in a generation following the Bank of Japan's rate hike.
BUSINESS / Economy
Aug 1, 2024
Japan’s ultralow mortgages to see first increase in 17 years
Mitsubishi UFJ Financial Group said it plans to increase the short-term prime rate for the first time in 17 years in September.
Bank of Japan Gov. Kazuo Ueda holds a news conference at the central bank's headquarters in Tokyo on Wednesday. The bank raised rates to 0.25% in just the second hike since 2007.
COMMENTARY / Japan
Aug 1, 2024
Ueda’s big day was lost in a communication black hole
The BOJ should improve its information release process, including fixing leaks and setting fixed release times, to avoid similar issues in the future.
Osaka Gov. Hirofumi Yoshimura is calling for ride-hailing services with no limitations on time zones, locations, dates or the number of vehicles during the Osaka Expo.
JAPAN / FOCUS
Aug 1, 2024
Uncertainty looms over ride-hailing plans for 2025 Osaka Expo
A flood of tourists from Japan and overseas is expected to visit the Osaka Expo, which will open in April next year and run for six months.
Japan's industrial production in June fell 3.6% from the previous month, reflecting plant suspensions at vehicle-makers including Toyota due to faulty vehicle certifications.
BUSINESS / Economy
Jul 31, 2024
Japan’s industrial output falls, clouding recovery outlook
The production of cars and auto parts drove the reading lower as an ongoing probe involving carmakers such as Toyota continues to disrupt output.
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.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
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.
'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.
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.

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

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER