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November 23, 2024
 

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ECONOMY

The Bank of Japan is fully prepared to put an end to the world’s last negative interest rate, an ex-official has said.
BUSINESS / Economy
Jan 11, 2024
BOJ fully prepared to end negative rate, likely in April: ex-official
"They are just waiting for one last push from one or two economic data,” said former board member Makoto Sakurai.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference at the central bank's headquarters in Tokyo on Dec. 19.
BUSINESS / Economy
Jan 11, 2024
OECD urges Bank of Japan to gradually raise interest rates
The central bank should thus continue efforts to make the yield curve control more flexible, the organization said.
Akio Mimura, honorary chairman of Nippon Steel and head of a private panel focused on depopulation, submits the group's proposal to Prime Minister Fumio Kishida in Tokyo on Tuesday.
JAPAN / Society
Jan 10, 2024
Japan should aim to maintain population of 80 million by 2100: panel
A group comprising academics and business leaders say a higher target than the projected 63 million is needed to maintain economic growth.
Japanese workers' real wages kept shrinking for a 20th month in November, raising fresh alarm for the sustainability of the country's economic recovery as firms enter the period of annual pay negotiations with labor unions.
BUSINESS
Jan 10, 2024
Japan’s slower wage growth adds to reasons for BOJ to hold
Nominal cash earnings for workers rose 0.2% from the previous year, decelerating sharply from a 1.5% increase in October, the labor ministry said.
Activists protest outside the offices of the Australian Immigration Department in Sydney in February 2016
COMMENTARY / World
Jan 10, 2024
The danger of talking down immigration Down Under
Australians are facing an economic dilemma Down Under amid an unsettling debate over immigration policies.
The Pilbara Minerals Pilgangoora lithium project in Port Hedland, Western Australia
COMMENTARY / World
Jan 9, 2024
Lithium’s promised land looks more like the old country
Two decades ago, Australia mined less than a fifth of the world’s lithium. In 2021, it dug more than every other country put together.
The yen extended gains Tuesday after the Bank of Japan indicated it will reduce monthly buying of superlong government bonds.
BUSINESS / Markets
Jan 9, 2024
Yen rises after BOJ indicates cut in superlong bond buying
The BOJ bought ¥150 billion ($1.04 billion) of 10-to-25 year debt on Tuesday.
A Taiwan Air Force Mirage 2000-5 aircraft prepares to land in Hsinchu, Taiwan, on Jan. 2. In the event of a conflict with China, Taiwan would face a military that rivals that of the U.S.
WORLD / Politics
Jan 9, 2024
Xi, Biden and the $10 trillion cost of war over Taiwan
The price tag — equivalent to about 10% of global GDP — dwarfs the blow from the war in Ukraine, COVID-19 pandemic and 2007-2008 Global Financial Crisis.
Consumer price gains in Tokyo slowed for a second month in December.
BUSINESS / Economy
Jan 9, 2024
Tokyo inflation slows as thrifty consumers curb some outlays
Consumer prices excluding fresh food rose 2.1% in the capital, decelerating from 2.3% in November.
The Yangshan Deepwater Port in Shanghai. China’s manufactured goods surplus relative to global gross domestic product is now around 2%, and an estimated 45% of China’s manufacturing output is being exported as the nation’s 1.4 billion people can’t buy enough goods such as electric vehicles, ships and household appliances to meet the increased supply.
BUSINESS / Economy
Jan 8, 2024
Xi Jinping’s solution for China’s economy risks triggering new trade war
Manufacturing focus sets up Beijing for renewed tensions with both developed countries and emerging economies pushing to reach the lower rungs of the industrialization.
Prime Minister Fumio Kishida speaks at a New Year’s event hosted by Rengo, the nation’s biggest trade union federation, in Tokyo on Friday.
BUSINESS / Economy
Jan 6, 2024
Kishida and Rengo chief amplify push for strong wage growth
Wage gains feeding into demand-led price gains are a condition for any move to normalize monetary policy.
Tsumugi-nen is artificial intelligence talent agency Pictoria's most popular AI Vtuber that has garnered thousands of fans through her content, including streaming for five days straight — something a human can not do.
BUSINESS / Tech
Jan 5, 2024
Is AI a friend or foe of the Japanese entertainment industry?
While proponents tap the technology's potential, others are worried about the possibility of losing their jobs.
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, arrives for a news conference at the Tungaloy Corp.'s headquarters in Iwaki City, Fukushima Prefecture, in November of 2011.
COMMENTARY / Japan
Jan 5, 2024
Warren Buffett brought Japan back. Will it last in 2024?
In 2023, Japan experienced an unexpected surge in investor interest, leading to the Nikkei 225 index reaching highs not seen since 1990.
A damaged vehicle under a collapsed house following an earthquake in Nanao, Ishikawa Prefecture, on Tuesday. Speculation that the Bank of Japan might shift its policy this month is receding, as the central bank has to assess the adverse impact from the Noto Peninsula disaster on the economy.
BUSINESS / Economy
Jan 5, 2024
Yen falls as earthquake raises bar for BOJ to end negative rates
While speculation about a January tweak is receding, many still expect an end to negative rates in April, or later in 2024.
The first sunset of 2024, seen over Chiba's Boso Peninsula from a chartered Solaseed Air flight on the morning of Jan. 1.
COMMENTARY / World
Dec 31, 2023
The outlook for 2024 appears grim — but nothing is preordained
Given the complex landscape of 2024, we can expect to navigate uncertainty, geopolitical shifts and a myriad of pivotal elections.
Prime Minister Fumio Kishida makes a toast with Indonesian President Joko Widodo at a Japan-ASEAN luncheon meeting at the Japan Business Federation in Tokyo on Dec. 18. Kishida’s chance of reelection in the LDP presidential race in September will largely depend on his administration’s response to the current funding scandal and its entanglement in it.
JAPAN / Politics
Dec 31, 2023
Scandal, economic policy and LDP race to weigh on Kishida in 2024
How he balances all three will determine whether he keeps his job as LDP party president and, by extension, prime minister.
Bank of Japan Gov. Kazuo Ueda gives a news conference after a policy meeting at BOJ headquarters in Tokyo on Dec. 19.
BUSINESS / Economy
Dec 31, 2023
BOJ likely to finally seek normalization 2024
A turn in Japan's economic tide is in view as the Bank of Japan signals readiness to wind down its aggressive monetary stimulus.
Tokyo's Ameyoko shopping district is crowded with shoppers on Saturday.
BUSINESS
Dec 31, 2023
Japan saw price hikes on over 30,000 food items in 2023
The figure marks a 25.7% rise from 2022, when prices went up for 25,768 food items.
As Japan's productivity declines due to the shrinking working-age population, policies that allow for everyone’s full participation in the labor force, especially women, are needed more than ever.
COMMENTARY / Japan
Dec 29, 2023
A look back at Japan’s gender laws and fairness in 2023
Gender equality needs to improve to boost Japan’s prospects. What hits and missed opportunities will we remember from 2023?
Daihatsu Motor President Soichiro Okudaira speaks at a news conference in Tokyo on Dec. 20. 
EDITORIALS
Dec 29, 2023
Daihatsu scandal is a warning for Japan Inc.
Investigations indicate that improprieties at Daihatsu stretch as far back as 1989, indicating a profound problem with the company’s culture.
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.
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.
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.
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.
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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