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July 17, 2024
 

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ECONOMY

Cuban President Miguel Diaz-Canel (left) laughs as he welcomes Saint Vincent and the Grenadines' Prime Minister Ralph Gonsalves during the G77+China summit at the Convention Palace in Havana on Friday.
WORLD / Politics
Sep 16, 2023
G77+China summit in Cuba calls for new global order
The grouping of developing and emerging countries representing 80% of the world's population kicked off a summit in Cuba on Friday.
International Monetary Fund Managing Director Kristalina Georgieva walks after attending an interview at the International Media Center at the Group of 20 summit in New Delhi on Sept. 10.
BUSINESS / Economy
Sep 16, 2023
IMF to urge China to shift growth model toward consumption
IMF Managing Director Kristalina Georgieva plans to ask China to address a number of issues that are dragging down both Chinese and global growth.
Newly appointed economy minister Yoshitaka Shindo arrives at the Cabinet Office on Thursday
BUSINESS / Economy
Sep 14, 2023
New economy minister sees positive signs for end of deflation
Little is known about Yoshitaka Shindo's views on monetary and fiscal policies as he served in an intraparty post for the past eight years.
Keidanren Chairman Masakazu Tokura welcomed Prime Minister Fumio Kishida's Cabinet reshuffle for including more women.
BUSINESS / Economy
Sep 14, 2023
Japan Inc. hails diverse Cabinet and urges it to stem prices
Kishida's appointment of a record-tying five women as ministers is part of the government's efforts to promote women's empowerment in politics.
Core machinery orders, the leading indicator of Japanese business spending, were down 1.1% in July from the previous month in July.
BUSINESS / Economy
Sep 14, 2023
Weak machinery orders darken outlook and raise policy challenge
Core orders, the leading indicator of Japanese business spending, were down 1.1% in July from the previous month, Cabinet Office data showed.
A price board at a gas station in Tokyo shows regular gasoline at ¥186 yen per liter on Aug. 30.
BUSINESS / Economy
Sep 13, 2023
Japan's pump prices fall for first time in 18 weeks
The decline has come after the national average rewrote a record high for the second consecutive week.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Sep 13, 2023
BOJ watchers bring forward rate hike forecasts on Ueda’s remarks
Economists moved forward their forecasts for an end to negative interest rates after the BOJ chief touched on that possibility in an interview.
Gold prices in Japan are hovering around a record high of ¥10,000 per gram — up around 18% since January.
BUSINESS / Markets
Sep 12, 2023
Gold bugs in Japan reaping rewards as yen weakness persists
Domestic prices for the precious metal are now hovering around a record high of ¥10,000 per gram — up around 18% since January.
The yen remains vulnerable to sharp movements and government intervention even after its rally at the start of this week.
BUSINESS / Markets
Sep 12, 2023
Imminent Fed meet keeps yen intervention on agenda despite rally
U.S. inflation figures set to be released Wednesday are expected to show price growth accelerating for a second month in August versus a year earlier
Rapidus CEO Atsuyoshi Koike says his ambition is to realize a "Hokkaido Valley" that can compete against Silicon Valley in size.
BUSINESS / Companies
Sep 12, 2023
Japan's Rapidus aims to create a chipmaking 'Hokkaido Valley'
The startup, backed with billions of dollars in taxpayer funds, is plotting a course to mass-produce 2-nanometer logic chips by 2027.
Banks have surged more than 50% over the past year on speculation gains in prices and wages will become sustainable enough for the Bank of Japan to end years of rock bottom rates.
BUSINESS / Economy
Sep 12, 2023
Top fund managers pile into Japanese banks on BOJ tightening bets
Fund managers are piling into Japanese banks on the possibility the Bank of Japan is preparing to end its ultraeasy monetary policy.
China's exports fell by 14.5% year on year in July, a stark contrast from the robust 17.2% export growth recorded in July 2022.
COMMENTARY / World
Sep 11, 2023
Why hasn’t China rushed to bail out its economy?
China's reluctance to unveil a massive stimulus package despite the ongoing economic slowdown has puzzled foreign observers and the Chinese public alike.
Prime Minister Fumio Kishida speaks at a government meeting on his concept of "new capitalism" in Tokyo on Aug. 31.
BUSINESS / Economy
Sep 11, 2023
Economists question the wisdom of Kishida's new minimum wage target
Japan aims to lift the minimum wage to ¥1,500 by the mid-2030s, but macroeconomic factors could undermine that target.
Japan Exchange Group only has a female board ratio of 13%, a level that’s less than half the average of global peers.
BUSINESS
Sep 11, 2023
Japan stock exchange’s board diversity is among worst in world
Japan Exchange Group’s female board ratio remains far below global peers and its own listing rule goal.
Prime Minister Fumio Kishida speaks during a news conference in New Delhi on Sunday.
JAPAN / Politics
Sep 11, 2023
Kishida plans Cabinet reshuffle and 'drastic' economic measures
Kishida hopes the measures will reverse his plummeting approval ratings after government mishaps in implementing the My Number system countrywide.
Chinese President Xi Jinping attends the China-Africa leaders’ roundtable on the closing day of the BRICS summit in Johannesburg on Aug. 24
COMMENTARY / World
Sep 7, 2023
China and doubling of BRICS size challenges the U.S.-led global order
Although China is the world’s second largest economy, it still claims to be a developing country and depicts itself as the champion of the Global South.
The average for summer bonuses this year was slightly higher than the ¥845,453 in 2019, before the COVID-19 pandemic, and trailed only the ¥870,731 in 2018, the labor ministry said Friday.
BUSINESS / Economy
Sep 9, 2023
2023 summer bonuses second-highest on record in Japan
Bonuses at major Japanese companies this summer averaged ¥845,557, up 1.59% from a year before, the labor ministry has announced.
Kazuo Ueda
BUSINESS / Economy
Sep 9, 2023
BOJ's Ueda signals chance of ending negative rates, report says
The central bank could have enough data by year-end to determine whether it can end negative rates, Gov. Kazuo Ueda said in an interview.
Japan's travel surplus posted the biggest amount for July since comparable data became available in 1996, with the country seeing a revival of inbound tourism in recent months.
BUSINESS
Sep 8, 2023
Japan current account surplus up threefold in July
The figure — ¥2.77 trillion, a record for the month — was boosted by declining crude oil prices that helped reduce imports.
Japan's economy grew less than initially estimated in the second quarter as capital expenditure slid, suggesting heightening overseas uncertainties are weighing on business confidence.
BUSINESS / Economy
Sep 8, 2023
Japan economic growth revised down as firms and consumers cut back
Gross domestic product grew at an annualized 4.8% from the previous three months, revised figures from the Cabinet Office showed Friday.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
Japan finds a 'stealth' cure for zombie businesses: Let them fail
A worker at Sakai Seisakusyo prepares to transport metal rods at its factory in Kakamigahara, Gifu Prefecture, on July 8.
Trump makes his grand RNC entrance with a bandaged ear and a VP pick
Former U.S. President Donald Trump during the Republican National Convention (RNC) in Milwaukee, Wisconsin, on Monday
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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