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November 22, 2024
 

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ECONOMY

Keidanren chief Masakazu Tokura (center, left) presents the business lobby group's policy requests to Prime Minister Shigeru Ishiba alongside the Japan Association of Corporate Executives' Takeshi Niinami (far left) and Ken Kobayashi of the Japan Chamber of Commerce and Industry, on Friday in Tokyo.
BUSINESS
Oct 4, 2024
Japan's three major business lobbies submit policy requests to Ishiba
Ishiba told the three business leaders that ending the Japanese economy's deflationary state is a top priority.
A tea field in Makinohara, the birthplace of Bank of Japan Gov. Kazuo Ueda, in August. The city in Shizuoka Prefecture, which once thrived on a now-declining tea industry, exemplifies disparities between Japan's struggling rural areas and its bustling megacities.
BUSINESS / Economy
Oct 4, 2024
In Bank of Japan chief's birthplace, Ueda's policy puzzle is laid bare
Makinohara's mayor says the Shizuoka Prefecture surf town is not keeping pace with Japan's broader recovery.
International Monetary Fund spokesperson Julie Kozack
BUSINESS
Oct 4, 2024
IMF says Japan should keep raising rates if inflation data warrants it
Prime Minister Shigeru Ishiba said on Wednesday that Japan is not in an environment requiring an additional rate hike.
The Japanese market for secondhand items is growing, with more consumers using flea market apps such as Mercari.
BUSINESS
Oct 4, 2024
Japan's used goods market is expanding, but that may hurt its GDP
The trend is seen as friendly to consumers and the environment, but it can have the undesirable consequence of pushing down the country's GDP.
Analysts say Warren Buffett may be looking to buy Japanese financial firms and shipping companies.
BUSINESS / Economy
Oct 3, 2024
Buffett may target Japan banks or insurers for next purchase, analysts say
The billionaire’s company this week mandated banks to manage a yen bond sale in the global market, in a sign he may increase holdings in Japan.
Prime Minister Shigeru Ishiba meets with Bank of Japan Gov. Kazuo Ueda at the Prime Minister's Office on Wednesday.
BUSINESS
Oct 3, 2024
Further BOJ rate hike this year in doubt after Ishiba's surprise warning
A survey last month showed 53% of economists forecast the BOJ would push up interest rates in December, but that outlook is now in question.
While China's recent initiatives signal a willingness to address economic challenges, the road ahead remains difficult as the country's policymakers have yet to offer a clear road to success.
COMMENTARY / World
Oct 3, 2024
A stimulus is good, but China still faces a hard slog
Beijing is back in investors' good books. To justify the euphoria, it needs some meaty goals.
Bank of Japan Gov. Kazuo Ueda, seen on June 14, said on Wednesday that he told new Prime Minister Shigeru Ishiba that the central bank was "supporting the economy with loose monetary conditions."
BUSINESS
Oct 2, 2024
Ishiba says Japan not ready for rate hike after meeting BOJ's Ueda
"I told the prime minister that we are supporting the economy with loose monetary conditions," Ueda said.
Japanese firms’ issuance of dollar bonds has surged 60% so far in the fiscal year that started in April, as they target a larger investor base away from the home market.
BUSINESS / Companies
Oct 2, 2024
Japan firms rush past global peers in hunt for dollar funds
The rush highlights the changes issuers and investors face as the U.S. Federal Reserve eases rates while the Bank of Japan heads in the opposite direction.
Labor union members rally and call for an increase of the average minimum wage in Tokyo in July.
BUSINESS / Economy
Oct 2, 2024
Japan’s new prime minister moots minimum wage moon shot
To achieve Ishiba’s target, increases of over 7% a year would be needed, which economists say would be a challenge.
Prime Minister Shigeru Ishiba speaks during a news conference at the Prime Minister's Office on Tuesday.
BUSINESS / Economy
Oct 2, 2024
Ishiba to focus on fighting inflation ahead of election
He also aims to calm financial markets by signaling a willingness to spend flexibly in the wake of a stock market plunge following his accession in the ruling party.
An electronic stock board displays the 225-issue Nikkei average and the rate of the yen against the U.S. dollar outside a securities firm in Tokyo on Monday.
BUSINESS / Economy
Oct 1, 2024
Ishiba cool on Abenomics, pragmatic and a bit of a mystery
Analysts argue that the new prime minister will be more like former Prime Minister Fumio Kishida than former Prime Minister Shinzo Abe.
Big nonmanufacturers' mood has improved, the Bank of Japan's <i>tankan</i> survey shows, underscoring the strength of domestic demand.
BUSINESS / Economy
Oct 1, 2024
Big manufacturer sentiment steady in third quarter, tankan survey shows
While the survey found optimism among manufacturers, nonmanufacturers expect conditions to worsen in the months ahead.
The Bank of Japan's September board meeting summary suggests the BOJ will endeavor to send clearer hints before raising its benchmark rate again.
BUSINESS / Economy
Oct 1, 2024
BOJ keen to avoid surprises after rate hike tanked Nikkei, meeting notes show
The bank's July 31 rate hike shocked markets and prompted the 225-issue Nikkei average's biggest tumble on record.
Prices of nearly 3,000 food and beverage products will rise in October, due to the soaring costs of ingredients.
JAPAN / Society
Sep 30, 2024
Food price hikes in Japan in October to be largest so far in 2024
Prices of 2,911 products from 195 major food and beverage manufacturers will be raised in October, surpassing April’s figure.
An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, in China in 2022.
BUSINESS / Economy
Sep 30, 2024
China's factory and service sectors skid as stimulus calls grow
The data showed China's manufacturing industry remains a pain point for policymakers, who acknowledged the economy faces "new problems."
Shigeru Ishiba, the newly elected leader of the Liberal Democratic Party, holds a news conference after the LDP leadership election, on Friday.
BUSINESS / Economy
Sep 29, 2024
Ishiba calls for loose monetary policy amid fragile economic recovery
On fiscal policy, Ishiba said he will aim to compile a package of measures at an early date to cushion the economic blow from rising living costs.
Shigeru Ishiba, the newly elected leader of Japan's ruling Liberal Democratic Party holds a news conference after the LDP leadership election in Tokyo on Friday.
JAPAN / Politics
Sep 28, 2024
Ishiba gets down to the business of forming new administration
The incoming prime minister has reportedly decided to keep Yoshimasa Hayashi in the key post of chief cabinet secretary.
A photo of Chinese leader Xi Jinping is displayed at the National Security Exhibition Gallery in Hong Kong on Monday. The 24-man Politburo led by Xi has recently unveiled a series of pro-growth goodies to help the country's economy.
BUSINESS / Economy / FOCUS
Sep 28, 2024
Xi’s big stimulus week aims to draw a line under China slowdown
A recent barrage of policy announcements marked a sea change in Xi’s approach to managing China’s $18 trillion economy.
The Federal Reserve building in Washington. Federal Reserve Chair Jerome Powell said last week he felt that the pre-pandemic years during which the Fed's rate hovered near zero for years and Europe delved into the exotic world of negative rates are gone for good.
BUSINESS / Economy
Sep 27, 2024
A global hunt for neutral rates to shape world finance costs
Policymakers are exploring whether the rates required to keep inflation in check and economies growing are higher now than the ultra-low ones before the pandemic.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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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