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November 24, 2024
 

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ECONOMY

Shipping containers are seen at the Port of Nanjing in eastern China's Jiangsu province on Oct. 17.
BUSINESS / Markets
Nov 12, 2024
China approaches record $1 trillion trade surplus to world’s ire
The pace of widening puts China on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce.
A man walks past the Bank of Japan headquarters in Tokyo on Oct. 30.
BUSINESS
Nov 11, 2024
Worsening corporate mood and bankruptcies cloud BOJ's rate hike path
Some BOJ board members have voiced concerns that intensifying labor shortages could constrain growth, rather than lead to higher wages.
Japanese exporters could be hit by higher U.S. tariffs.
BUSINESS / Economy
Nov 11, 2024
Trump tariffs could have a significant impact on Japanese exports
The U.S. president-elect has promised 10% to 20% duties on all goods coming into the United States.
Many on the Bank of Japan board highlighted the need to scrutinize market developments in determining whether the economy can weather higher borrowing costs, a summary of opinions from October meeting shows.
BUSINESS / Economy
Nov 11, 2024
BOJ divided on rate hike timing, October summary shows
Many highlighted the need to scrutinize market developments, particularly yen moves, in determining whether the economy can weather higher borrowing costs.
Bank of Japan Gov. Kazuo Ueda attends a commemorative ceremony at the BOJ's headquarters in Tokyo on July 3, the day new yen notes went into circulation.
COMMENTARY / World
Nov 11, 2024
Japan needs tighter monetary policy to restore balance
Japan’s economy undoubtedly suffers when the yen is too strong; that is why some advocate for a more expansionary monetary policy.
Bank of Japan Gov. Kazuo Ueda said on Saturday at a forum in Switzerland that monetary tightening would be necessary in Japan if inflationary pressures from decarbonization investments exceed a certain threshold.
BUSINESS / Economy
Nov 10, 2024
Decarbonization investment to give some inflationary pressure: BOJ chief
Ueda said that monetary tightening would become necessary if inflationary pressure exceeds a certain level.
Donald Trump arrives for an election night event at the Palm Beach Convention Center in West Palm Beach, Florida, on Wednesday.
BUSINESS / Economy
Nov 10, 2024
Charting the global economy: Trump win reverberates around the world
Fed Chair Jerome Powell said Trump’s re-election will have 'no effect' on the central bank’s policy decisions in the near-term.
In a fresh aid package set to be compiled this month, the Japanese government will show its commitment to large-scale strategic support spanning several years in both areas, bearing in mind Rapidus, which has advanced into the Hokkaido region to mass-produce next-generation chips.
BUSINESS / Tech
Nov 9, 2024
Japan eyes ¥2 trillion for chips and AI in economic package
In the package, to be compiled this month, the government will show its commitment to large-scale support spanning several years in both areas.
Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Asheville, North Carolina, in August.
BUSINESS / Economy
Nov 9, 2024
Scott Bessent, top candidate for Treasury Secretary, meets with Trump
The Treasury Secretary job is a key Cabinet position, with vast influence over economic, regulatory and international affairs.
Chinese Finance Minister Lan Foan attends a news conference about a bill on raising ceilings on local government debt, at the Great Hall of the People in Beijing, on Friday.
BUSINESS / Economy
Nov 9, 2024
China unveils $1.4 trillion debt swap, saving stimulus for Trump
China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus.
Sanwa Koutsu's Kuroko Taxi service has drivers dressed in traditional stagehand garb communicate with passengers only through gestures and written messages.
LIFE / Lifestyle
Nov 9, 2024
The sound of silence: Japan's no-conversation services
“Constant social interaction can feel like torture for us introverts,” one customer says. "I think it’s a pretty smart business move."
Japanese household spending fell in September for the second straight month as higher prices choked consumers' appetite.
BUSINESS / Economy
Nov 8, 2024
Japan’s households cut spending once again as prices rise
Consumer spending in Japan has consistently failed to show clear signs of strength as shoppers have been forced to cope with prices increasing.
U.S. Federal Reserve Chair Jerome Powell speaks during a news conference following a two-day meeting on interest rate policy in Washington on Thursday.
BUSINESS / Economy
Nov 8, 2024
Powell signals readiness to defy Trump in defense of Fed
Federal Reserve Chair Jerome Powell insisted the incoming president doesn’t have the power to fire him or other senior Fed leaders.
Bank of Japan Gov. Kazuo Ueda attends a post-policy meeting news conference at the central bank's headquarters in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 7, 2024
Trump victory might give Bank of Japan some room to maneuver
The Bank of Japan has been under pressure to keep monetary policy accommodative given the state of the economy and the tentativeness of the recovery.
Asian chipmakers, led by Taiwan's TSMC and South Korea's Samsung Electronics, have collectively invested at least $117 billion in the U.S.
BUSINESS / Companies
Nov 7, 2024
What's at stake for Asian companies under a Trump presidency
Trump has floated the idea of a 10% or more tariff on all goods imported into the U.S.
The Finance Ministry noted firm private consumption in raising its economic assessments in the Kanto region and other areas.
BUSINESS / Economy
Nov 7, 2024
Government upgrades economic views for five regions
In a quarterly report, the Finance Ministry raised its views for the Kanto, Hokuriku, Tokai, Shikoku and Okinawa regions.
The pace of gains in Japanese workers' base pay quickened to 2.6% year on year in September, versus a 2.4% clip in August.
BUSINESS / Economy
Nov 7, 2024
Japan’s biggest base pay gains in 31 years support case for rate hikes
While base pay rose in September, real wages fell for a second straight month even as price gains slowed.
UA Zensen President Tomoko Nagashima addresses the labor union's meeting in Urayasu, Chiba Prefecture, on Wednesday.
BUSINESS
Nov 6, 2024
Japan’s UA Zensen union aims for continued 6% wage hike in 2025
UA Zensen’s target follows an announcement last month by Rengo that it will continue to aim for at least a 5% pay rise in the next round of negotiations.
The European Commission's executive vice president, Valdis Dombrovskis, and Chinese Vice Premier He Lifeng finish a joint news conference following the 10th China-EU High-Level Economic and Trade Dialogue in Beijing in September 2023.
COMMENTARY / World
Nov 6, 2024
It's not just U.S. trade hawks. Europe fears China, too.
As China’s economic policies take hold, Europe's economic concerns may be just beginning.
The disparity in adoption of artificial intelligence will cause uneven economic growth, with AI-driven sectors becoming cheaper and more efficient while AI-resistant sectors may slow overall economic progress.
COMMENTARY / World
Nov 6, 2024
AI’s effect on the U.S. economy will be wildly uneven
Businesses vulnerable to competition will face heavy pressure to adopt the new technology, but in government and education, adoption will be slower.
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.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
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.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
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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