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November 23, 2024
 

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ECONOMY

People make their way through Tokyo's Ameyoko shopping district. In a sign rising inflation is already taking a toll on consumption, Japan's household spending suffered its biggest drop in nearly 2½ years in July.
BUSINESS / Economy / ANALYSIS
Sep 7, 2023
China's economic gloom hangs over Japan's long-awaited recovery
If Beijing fails to shore up demand with meaningful stimulus, that could potentially delay an exit from the Bank of Japan's ultraloose monetary policy.
Hajime Takata, a member of the policy board at the Bank of Japan
BUSINESS / Economy
Sep 6, 2023
BOJ policymaker sees signs of change in deflationary mindset
Conditions for phasing out the bank's massive stimulus seem to be falling into place, central bank policymaker Hajime Takata said.
Tourists drive rental go-karts while dressed up as game characters through the streets of Shibuya and other areas of Tokyo in December 2018.
COMMENTARY
Sep 6, 2023
A 10-year tourist boom and all I got was this lousy 'Mario Kart'
Like cockroaches in a nuclear apocalypse, seemingly nothing can destroy the "Mario Karts": not legal action, not the government and not even the pandemic.
A construction site of residential buildings by Chinese developer Country Garden in Beijing. Some economists now see growth in China’s economy slowing to 3.5% in 2030 and to near 1% by 2050.
BUSINESS / Economy
Sep 5, 2023
China slowdown means it may never overtake U.S. economy: forecast
Some economists now see growth in China’s economy — the world’s second largest — slowing to 3.5% in 2030 and to near 1% by 2050.
Japan's household spending dropped 2.7% in July from the previous month, as persistent inflation continued to erode purchasing power.
BUSINESS / Economy
Sep 5, 2023
Japan’s households cut back spending as Kishida considers measures
Weak data indicate an economy struggling to build momentum as inflation outpaces wage gains and consumer spending remains below pre-pandemic levels.
Workers unload sacks of onions from a truck at a wholesale market in Ghaziabad, Uttar Pradesh, India, on April 5.
BUSINESS / Economy
Sep 4, 2023
How these grocery staples became emblems of inflation in Asia
From war to disease to the effects of climate change, global food prices have been shaken by various factors in recent years.
The total value of unpaid household tasks was ¥111 trillion for women and ¥32 trillion for men in 2021, according to a recent Cabinet Office report, indicating the amount of men's work around the home is less than a third of what women do.
BUSINESS / Economy
Sep 4, 2023
Japanese women are missing out on ¥111 trillion in unpaid wages
A recent report has highlighted both the wage gap between men and women, as well as the sheer amount of uncompensated work that gets done in Japan.
Buildings in Guangzhou, China. Aside from short-term solutions, economists see three options for China to restructure its economy.
BUSINESS / Economy / ANALYSIS
Sep 4, 2023
Part of China's economic miracle was a mirage. Reality check is next.
While many analysts see a slow drift towards Japan-style stagnation as the most likely outcome, there is also the prospect of a more severe crunch.
An air raid shelter converted into luxury apartments at Ungererstrasse 158 in Munich, Germany
BUSINESS / Economy / ANALYSIS
Sep 4, 2023
Market flop: How Germany's property boom ended
The country's property sector in Europe's largest economy is suffering its worst slump in decades.
The Port of Los Angeles. AI tools are helping many organizations simplify trade-data analysis in ways that may help smooth cross-border commerce.
BUSINESS / Tech
Sep 3, 2023
AI fused with trade data may smooth clunky supply chains
Technology may soon sort through hundreds of millions of shipment records and error-prone datasets in a fraction of the time it takes today.
Chinese leader Xi Jinping is seen on a screen during a video address for the Global Trade in Services Summit, at the media center for the China International Fair for Trade in Services in Beijing on Saturday.
BUSINESS / Economy
Sep 2, 2023
The U.S., allies see opportunity and risk in slowing China economy
The U.S. and other G7 nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand.
Japan's economic output ran above full capacity in April-June for the first time in nearly four years, a government estimate showed, suggesting that conditions for ending its policy of ultralow interest rates could be falling into place.
BUSINESS / Economy
Sep 2, 2023
Japan's economic output runs above capacity in signal for BOJ
The data suggests that conditions for Japan to end its policy of ultralow interest rates could be falling into place.
U.S. Commerce Secretary Gina Raimondo and Chinese Vice Premier He Lifeng meet in Beijing on Tuesday.
COMMENTARY / World
Sep 1, 2023
U.S.-China 'de-risking' will face stress test in election season
While Democrats favor de-risking, Republicans are firmly in the decoupling camp and are attacking Biden's China policy for being too meek.
Japanese companies raised spending on plants and equipment in the April-June quarter but the pace of annual gains slowed to the lowest in five quarters, reflecting global recession worries amid China's slowing growth.
BUSINESS / Economy
Sep 1, 2023
Japan firms cut capital spending over global growth concerns
The latest figures feed into a picture of Japan’s growth being overly reliant on overseas demand.
Bank of Japan board member Toyoaki Nakamura says it is uncertain whether smaller companies can earn enough profits to keep hiking wages next year and beyond.
BUSINESS / Economy
Aug 31, 2023
BOJ policymaker warns against premature monetary tightening
Tightening monetary policy before rising prices are accompanied by higher wages would hurt domestic demand and corporate profits, Toyoaki Nakamura said.
According to a survey conducted by the Tokyo Stock Exchange, 20% of the 1,235 prime-listed companies have come up with specific measures.
BUSINESS / Markets
Aug 31, 2023
Most Japan firms yet to disclose plans for better capital efficiency
The TSE made a rare call in March for firms to disclose plans in the long run to improve capital efficiency, but nearly 70% have yet to do so.
Manufacturing machinery and electronic components were among the biggest drags on Japan's industrial output in July.
BUSINESS / Economy
Aug 31, 2023
Japan output drops in July as global slowdown reverberates
Factory output declined 2% from June, the industry ministry said Thursday.
As China slips into deflation, one word is popping up more and more to describe the gloomy atmospherics: "Japanification."
COMMENTARY / Japan
Aug 30, 2023
'Japanification' for China? It should be so lucky.
China is not on the path to global dominance nor set for collapse, and observers should consider the various shades of gray in analyzing these countries.
The Bank of Japan headquarters in Tokyo. A board member with the central bank Naoki Tamura has hinted that officials might be able to confirm some time early next year they’ve hit the goal needed to usher in policy change.
BUSINESS
Aug 30, 2023
Leading BOJ hawk hints at chance of policy shift in early 2024
"The achievement is finally and clearly within sight after a decade of large-scale monetary easing aimed at attaining it,” board member Naoki Tamura said.
Artificial intelligence may well enable the automation of many tasks and the replacement of some workers. But AI tools are still fallible and are unlikely to replace humans any time soon.
COMMENTARY / World
Aug 30, 2023
AI and the productivity imperative
The global economic outlook for the next decade appears grim. But a surge in productivity — fueled by artificial intelligence — could change that picture.
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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