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November 22, 2024
 

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ECONOMY

The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
May 20, 2024
Japan’s 10-year bond yield hits decade high amid BOJ policy bets
The yield on 10-year government debt rose to a level last seen when the then newly appointed Bank of Japan Gov. Haruhiko Kuroda was starting his radical monetary easing.
At the factory of 4R Energy Corp. in Namie, Fukushima Prefecture, a lithium-ion electric vehicle battery is disassembled to be reused. Batteries and EVs are among the strategic industries governments around the world aim to support through their industrial policies.
COMMENTARY / Japan / Geoeconomic Briefing
May 20, 2024
Grasping industrial policy in the age of economic security
A new era of industrial policies is structured around three P's: promoting strategic industries, protecting emerging technologies and partnering with like-minded countries.
Japan's digital trade deficit in 2023 was up about 2.6 times over nine years since 2014, as smartphones have become ubiquitous tools and the digital services sector is dominated by U.S. information technology giants.
BUSINESS / Economy
May 20, 2024
Japan's digital trade deficit continues to expand
The deficit in Japan's balance of payments in digital services continues to expand steadily.
BOJ Gov. Kazuo Ueda has talked about the potential need for a monetary policy response given foreign exchange rates’ impact on the economy. Last month, the yen touched its weakest level in 34 years, ¥160 per dollar, before rebounding.
COMMENTARY / Japan
May 20, 2024
BOJ Gov. Ueda finally toughens message on the weak yen
Though most of the factors behind the flailing currency lie outside of Japan, the central bank and Finance Ministry have some agency in determining events. They should use it.
A couple looks out onto the Fukuoka nightscape. Due to its distance from Tokyo and its close proximity to South Korea and China, professor Tomoya Mori believes that Fukuoka is one of the few metropolitan regions of Japan that will see some form of growth in the decades to come.
JAPAN / Society / Perspectives
May 20, 2024
Why half of Japan's cities are at risk of disappearing in 100 years
Professor Tomoya Mori believes depopulation will alter the urban landscape of Japan in an unexpected way.
Electronic boards display the exchange rate for the yen against the U.S. dollar and the closing numbers of Tokyo Stock Exchange share price in Tokyo on May 1.
BUSINESS / Markets / FOCUS
May 19, 2024
From Tokyo to New York, stock markets are on a record-hitting spree around the world
Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.
Toyota President Koji Sato announces the company's earnings results in Tokyo on May 8.
BUSINESS / Companies
May 17, 2024
Japan firms brace for earnings slumps after marking record profits
Companies are concerned over the weak yen, global conflict and inflation hitting personal spending.
The rate of the U.S. dollar against the yen is displayed on an electronic stock board outside a securities firm in Tokyo earlier this month.
BUSINESS / Companies
May 17, 2024
Majority of Japanese firms say weak yen hurts profits: survey
About half of surveyed companies said a yen trading around ¥110 to ¥120 to the dollar would be appropriate.
U.S. President Joe Biden signs orders that increase tariffs on China during an event at the White House on Tuesday. The escalating trade tensions risk slowing the transition to green technologies by boosting production costs.
EDITORIALS
May 17, 2024
Looming U.S.-China 'trade war' bodes ill for green tech
China has denounced the new U.S. tariffs as bullying and warned of potential retaliation, arguing that they could harm global green economic transition efforts.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
May 17, 2024
BOJ could raise rates as soon as June, ex-chief economist says
An increasing number of analysts have flagged the risk of a summer hike as the sinking yen raises the risks of the price trend moving higher.
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
BUSINESS / Economy
May 16, 2024
Japan’s economy contracts as consumers and firms cut spending
Gross domestic product contracted at an annualized pace of 2% in the three months through March.
Japanese companies are raising payouts to shareholders as the Tokyo Stock Exchange pressures firms to improve capital efficiency and valuations.
BUSINESS / Markets
May 15, 2024
Japan firms boost dividends and buybacks, aiding Topix amid TSE pressure
The moves come as the Tokyo Stock Exchange pressures companies to improve capital efficiency and valuations, and have spurred a rebound in the Topix index.
Gloomy economic conditions, especially weak consumption, raise questions over whether the Bank of Japan will be able to take further steps toward policy normalization.
BUSINESS / Economy
May 15, 2024
Japan GDP data expected to show contraction for first quarter
The preliminary data is expected to show that spending by consumers and companies fell, while net exports dragged on growth for the first time in a year.
The Japanese view of China is deteriorating, characterized by a fear of arbitrary detention and the belief the country, economically, is past its peak. The Chinese see Japan as declining and too reliant on the United States. 
COMMENTARY / Japan
May 15, 2024
Can Japan and China bridge their ever-widening ‘perception gap’?
Despite the fear, many of the worries Japanese have about visiting China are unfounded. Bridging the gap requires both nations to resume exchanges.
Investing in Japanese stocks becomes harder if the yen continues to weaken, head of Japan active investments at BlackRock warns.
BUSINESS / Markets
May 13, 2024
BlackRock warns weak yen deters foreigners from Japan stocks
The Nikkei 225 has declined more than 6% amid concerns the currency is becoming a liability for domestic consumer spending and import costs.
Katsunobu Kato, former chief Cabinet secretary and a ruling party veteran, says the Bank of Japan must keep a close eye on economic conditions and coordinate carefully with the government in working out when to raise rates.
BUSINESS
May 13, 2024
Japan on track to normalize monetary policy, says ruling party heavyweight
The weak yen has inflated import costs, hurting consumption and creating headaches for policymakers looking to shore up a fragile economic recovery.
Lawrence Wong will become Singapore's fourth prime minister on Wednesday. He will be tasked with steering the city-state into new territory as its economy slows down and its population ages rapidly.
COMMENTARY / World
May 13, 2024
New Singaporean PM faces some economic headwinds
Lawrence Wong will be sworn in as the city-state's fourth prime minister on Wednesday. Despite Singapore's strong economy, new challenges lie ahead.
Major Japanese companies are increasing ventures in the United States, with Toyota investing $13.9 billion in North Carolina alone.
COMMENTARY / Japan
May 13, 2024
Japan’s gamble to hedge against U.S. political risks
As Japanese companies increasingly invest in U.S. states like North Carolina, friend-shoring ensures economic resilience in the face of political change.
Soldiers and police stand guard outside a South Korean Army boot camp in Yeoncheon county before the arrival of K-pop's BTS band member Jin, in December 2022. South Korea's economic success is often overshadowed by its cultural exports.
COMMENTARY / World
May 10, 2024
A surprise South Korean boom is going unnoticed
Despite its robust economic performance, South Korea often takes a backseat to neighboring giants like Japan and China.
The widespread adoption of renewable energy sources and implementation of energy efficiency are key to reducing emissions and, in turn, fueling economic growth.
COMMENTARY / World
May 2, 2024
We need economic growth to avert a climate catastrophe
The degrowth movement doesn't offer solutions to tackle global warming. Not only are its proposals unrealistic, but they may not even be effective.
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.
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.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
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.

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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