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November 23, 2024
 

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ECONOMY

The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023
Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting
The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
Japan's core machinery orders climbed for a second straight month in October.
BUSINESS / Economy
Dec 14, 2023
Japan's October machinery orders rise despite economic uncertainty
By sector, orders from manufacturers climbed 0.2% in October from the previous month, bouncing back from a 1.8% decline in September.
The Nikkei will rise to 37,750 and the benchmark Topix to 2,650 by the end of next year, suggesting another 12% to 15% of upside for the country’s stocks, according to a median estimate of analysts.
BUSINESS / Markets
Dec 14, 2023
Bears vanish as world-beating Japanese stocks set for more gains
The Nikkei and Topix are on track for the biggest increases of any major benchmark stock index globally this year.
The problems afflicting Afghan society today, such as the repression of women’s rights and conflict, are also global issues.
COMMENTARY / World
Dec 13, 2023
Neglecting Afghanistan could have global repercussions
The problems afflicting Afghan society today, such as the repression of women's rights and conflict, are a reflection of those facing the wider world.
The reading of the key index measuring confidence among major Japanese manufacturers, such as those in the auto and electronics sectors, rose for the third straight quarter, according to the Bank of Japan's tankan survey.
BUSINESS / Economy
Dec 13, 2023
Firms more confident ahead of BOJ policy meeting, tankan shows
Evidence of robust corporate sentiment boosts the odds of large wage hikes, paving the way for the normalization of monetary policy.
Japan’s producer price index rose 0.3% in November from a year earlier.
BUSINESS / Economy
Dec 12, 2023
Japan’s input inflation eases further to slowest pace since 2021
The persistent slowdown in the index this year is in line with the BOJ’s view that price pressures are cooling.
A record number of Japanese investors have put their money into domestic private credit deals in search of higher returns this year.
BUSINESS / Economy
Dec 12, 2023
Private credit is attracting record numbers of Japanese investors
An unprecedented 236 limited partners have provided money to private capital managers this year through September, more than triple the level of 2017.
Ground Self-Defense Force soldiers on Tokunoshima island, Kagoshima Prefecture, on Nov. 19. The government plans to secure over ¥1 trillion in fresh defense outlays by raising corporate, tobacco and income taxes in stages, but it has yet to decide when to start increasing the taxes.
JAPAN / Politics
Dec 11, 2023
Japan unlikely to hike taxes for defense boost in '25: LDP official
The decision on when to hike taxes will be delayed into 2024 amid an unfolding fundraising scandal involving many LDP factions and senior lawmakers.
The Bank of Japan is likely to keep its monetary stimulus settings unchanged at a two-day policy meeting ending Dec. 19, despite recent market speculation that the negative rate may be scrapped as soon as the December meeting.
BUSINESS / Markets
Dec 11, 2023
BOJ sees little need to end negative rate in December: sources
Bank officials are yet to see enough evidence of wage growth that would support sustainable inflation.
The COP28 climate conference is being held at Expo City Dubai for a total of 100,000 attendees, 2,000 of which are from fossil fuel companies.
COMMENTARY / World
Dec 11, 2023
COP28 like a trade show? That’s not a bad thing.
Some lament the presence of many fossil fuel representatives among the 100,000 attendees of COP28 in Dubai, failing to recognize their key role.
Business sentiment among major Japanese companies was positive for the third successive quarter in October to December, led by a continued improvement in automobile-related industries.
BUSINESS / Economy
Dec 11, 2023
Sentiment of Japan's big firms remains positive in latest quarter
The business sentiment index for companies with capital of ¥1 billion or more stood at plus 4.8, against plus 5.8 in the previous quarter.
COP28 President Sultan Ahmed Al Jaber gives a press conference at the United Nations Climate Change Conference in Dubai on Dec. 4.
COMMENTARY
Dec 8, 2023
Climate solutions are debatable, but science is inescapable
How we set environmental policies depends on how we interpret the facts.
Japan’s economic recovery from the pandemic is losing momentum as overseas economies slow and sticky inflation weighs on domestic consumption.
BUSINESS / Economy
Dec 8, 2023
Japan’s deepest economic contraction since pandemic clouds path for BOJ
Gross domestic product contracted at an annualized 2.9% in the three months through September from the previous quarter as households reined in spending.
The Bank of Japan headquarters in Tokyo. Half of the 52 economists surveyed by Bloomberg said the central bank will scrap its negative rate in April, up from 29% in the October survey.
BUSINESS
Dec 8, 2023
Most BOJ watchers predict end of negative rate regime by April
"The most beautiful scenario is the end of the negative rate in April”
Bank of Japan Gov. Kazuo Ueda speaks to reporters after meeting with Prime Minister Fumio Kishida at the Prime Minister's Office on Thursday.
BUSINESS / Economy
Dec 7, 2023
BOJ’s Ueda meets Kishida and discusses monetary policy stance
The meeting is likely to make BOJ watchers nervous given that the central bank made a surprise policy tweak last December after similar talks.
What’s worrying from the stock market’s perspective is that the Reserve Bank of India is taking more direct steps to rein in debt-fueled consumption.
COMMENTARY / World
Dec 7, 2023
The world’s most-loved emerging market is feeling jittery
India's economic prosperity is primarily being attributed to a small elite class referred to as the "Octopus class."
Deputy Gov. Ryozo Himino's comments are the clearest sign so far from the BOJ’s leadership that authorities are considering what the impact would be if they ended negative rates.
BUSINESS / Economy
Dec 6, 2023
BOJ’s deputy chief hints that end of negative rate may be closer
Ryozo Himino has set out a hypothesis for what might happen if rates do indeed go positive.
The average price of whole Christmas cakes in Japan is up 7.8% from a year earlier, reflecting steep rises in prices of ingredients.
BUSINESS
Dec 6, 2023
Christmas cake prices jump 7.8% in Japan
According to a survey by Teikoku Databank, prices of Christmas cakes measuring 15 centimeters in diameter average ¥4,468.
Big Japanese banks are now training a generation of professional front-line staff who have little experience with rising interest rates.
BUSINESS
Dec 5, 2023
Staff at Japan's banks scramble to adjust to rising interest rates
Many younger employees have no expertise in dealing with the vagaries of a traditional inflationary environment.
Consumer prices excluding fresh food rose 2.3% in November from the prior year in Tokyo.
BUSINESS / Economy
Dec 5, 2023
Tokyo inflation cools to slowest pace in over a year
The development supports the Bank of Japan’s view that it should continue to be cautious about a tightening of policy.
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.
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.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
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.
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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