Tag - economy

 
 

ECONOMY

Foreign Minister Yoko Kamikawa (center-left) meets with Samoan Prime Minister Afioga Fiame Naomi Mata’afa (center-right) in Samoa in February. Like other Pacific island and Global South states, Samoa is caught in the crossfire of the U.S.-China rivalry.
COMMENTARY / Japan / Geoeconomic Briefing
Jul 11, 2024
Japan can help Global South navigate U.S.-China clash
As Washington and Beijing adopt more inward-looking foreign policies, Japan can be a bridge to Global South countries, whose main concerns are security and growth.
The Government Pension Investment Fund's holdings of government bonds increased 25% to ¥50.3 trillion in fiscal year ended in March.
BUSINESS / Markets
Jul 11, 2024
Japan’s public pension fund steps up as BOJ mulls bond cuts
The BOJ is expected to release a plan to substantially reduce its debt buying at the next policy decision later this month.
Japan's core machinery orders unexpectedly fell for a second straight month in May.
BUSINESS / Economy
Jul 11, 2024
Japan's key capex gauge falls again, clouds outlook for durable growth
The volatile leading indicator of capital spending fell 3.2% month-on-month in May, following a 2.9% drop in April.
Electronic waste — also known as e-waste — from computers in a junk shop in Metro Manila, Philippines
BUSINESS / Tech
Jul 11, 2024
U.N. warns digital economy drive is damaging the environment
The U.N. agency called for sustainable strategies to counter the growing environmental toll digitalization creates, particularly in developing countries.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jul 10, 2024
Japan’s megabanks are said to seek deep cuts to BOJ bond buying
The bank’s ¥585 trillion bond stockpile exceeds the world’s fourth-largest economy, making bond players watchful for the BOJ’s next move.
Japan's excessive dependence on certain countries for chip imports is a risk to supply networks, government white paper has warned.
BUSINESS / Economy
Jul 9, 2024
Government white paper flags Japan's risks of import dependencies
The paper stressed the importance of import source diversification, to prevent excessive dependence that poses a risk to supply networks.
An electronic board in Tokyo shows the Nikkei stock index's new closing high on Tuesday.
BUSINESS / Markets
Jul 9, 2024
Japan's Nikkei marks record closing high as chip-related shares rally
The Nikkei closed 1.96% higher at 41,580.17, after rising as much as 2.4% to a record intraday high of 41,769.35.
Omoide Yokocho in Shinjuku, Tokyo. According to data recently published by Mercer, Tokyo fell 30 places from 2023 and is now the 49th most expensive city in the world, just ahead of Houston.
BUSINESS / Economy
Jul 9, 2024
Tokyo is cheaper to live in than San Juan, according to global survey
The capital fell a full 30 places from 2023. It was No. 3 in 2020 and No. 1 as recently as 2012.
Traditional boat parties on the Sumida River in Tokyo are popular for informal gatherings among professionals that deal in Japanese government bonds.
BUSINESS / Markets
Jul 9, 2024
Tokyo’s exclusive circle of government bond traders in demand amid policy shift
The world’s top hedge funds are shaking up the closed community that was, for a time, a sleepy backwater of global finance.
Some regional smaller firms have decided to prioritize raising pay to retain or hire workers, even if they have not been earning sufficient profits, the Bank of Japan has said.
BUSINESS / Economy
Jul 8, 2024
Bank of Japan sees wage hikes spreading across economy
The optimistic assessment may heighten the case for the central bank to raise interest rates as soon as its next meeting on July 30 and 31.
How policymakers have responded to past economic crises, such as the 2008-09 financial crisis and the COVID-19 pandemic, will shape their preparedness in dealing with future recessions. 
COMMENTARY / World
Jul 8, 2024
Policy lessons from recent economic crises
Eventually, the world will face another recession. How will policymakers use the lessons learned from the 2008-09 financial crisis and COVID-19 pandemic to respond?
Japan logged a current account surplus for the 16th straight month in May.
BUSINESS / Economy
Jul 8, 2024
Japan logs largest May current account surplus
The country logged a current account surplus for the 16th straight month.
A working group led by the Japan Securities Dealers Association finished a series of monthly meetings in June that discussed details of applying covenants to local corporate notes with lower ratings.
BUSINESS / Economy
Jul 8, 2024
Japan pushes for greater use of protections on corporate bonds
A Japan Securities Dealers Association working group finished meetings in June on adding covenants to lower-rated corporate notes.
Japanese workers' base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
BUSINESS / Economy
Jul 8, 2024
Japan base pay jumps most since 1993 in positive signal for BOJ
Base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
Himeji Castle in Hyogo Prefecture. The mayor of Himeji has suggested that foreign tourists pay four times more to enter the castle than the current ¥1,000 entrance fee.
COMMENTARY / Japan
Jul 8, 2024
Japan really should charge tourists four times more
The suggestion by a Kansai mayor that foreign visitors pay more for tourist attractions doesn't go far enough. The government should establish a nationwide policy.
Several support networks have launched to help startup founders in Japan whose native language isn't Japanese.
BUSINESS / Companies / Longform
Jul 8, 2024
As Japan's startup ecosystem grows, so does a supportive community of entrepreneurs
Interest in startups is outpacing ecosystem capabilities, which has led more founders to turn to each other for guidance and support.
One analyst argues that the billions of dollars flowing from Japan to the likes of Apple, Amazon and Microsoft might be more a positive than a negative in that more companies and individuals are using digital services.
BUSINESS / Economy
Jul 7, 2024
Japan’s digital deficit might be a good thing
The digital deficit indicates that digitalization has accelerated in the country, says Mitsubishi Research Institute researcher Kengo Wataya.
According to an annual survey, among all respondents who answered that their living conditions were difficult, 26.5% chose "very difficult" and 33.1% "somewhat difficult."
JAPAN / Society
Jul 6, 2024
60% of households in Japan face 'difficult' living conditions, survey finds
Among all respondents who answered that their living conditions were difficult, 26.5% chose "very difficult" and 33.1% "somewhat difficult."
Bain Capital partner Masashi Suekane during an interview last month
BUSINESS / Markets
Jul 5, 2024
Bain Capital to invest ¥5 trillion in Japan over five years
Bain Capital plans to increase its workforce in Japan and has established a team to help firms make effective use of their real estate with low profitability.
Bill Gates delivers a speech at the Global Solutions Summit in Berlin in May. He and his ex-wife Melinda Gates started the Bill & Melinda Gates Foundation, which has had a far-reaching impact on global health and sustainability.
COMMENTARY / World
Jul 5, 2024
The economics of philanthropy
Philanthropy can help bridge the gap between the haves and have-nots. But wealthy people need more of an incentive to give than just being altruistic.

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.