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April 01, 2025
 

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FINANCE MINISTRY

Execs at four major Japanese insurers, including Tokio Marine & Nichido Fire Insurance, will take pay cuts over price fixing.
BUSINESS / Companies
Mar 1, 2024
Four general insurance firms punish 132 people over price-fixing
The four general insurers, including Tokio Marine & Nichido Fire Insurance, also submitted business improvement plans to the Financial Services Agency.
BUSINESS / Markets
Feb 29, 2024
Japan issues fresh warning against excessive yen moves
The warning by Masato Kanda, Japan's vice finance minister for international affairs, likely reflects Tokyo's desire to prevent further falls in the yen.
In early February, the Finance Ministry announced that government debt at the end of last year had reached a record high of ¥1.2 quadrillion.
JAPAN / Politics / FOCUS
Feb 27, 2024
With downfall of Abe faction, some see a shift in Japan’s debt debate
The faction has long promoted fiscal stimulus, but its demise combined with wider economic conditions could open up space for a different approach.
Finance Minister Shunichi Suzuki (left) speaks with Prime Minister Fumio Kishida during a plenary session of the Lower House in Tokyo on Jan. 30.
BUSINESS / Economy
Feb 17, 2024
Japan finance chief eyes future rise in interest rates, report says
"The Bank of Japan holds jurisdiction over monetary policy. But there will be a phase when interest rates go up," Finance Minister Shunichi Suzuki said.
JAPAN
Dec 22, 2023
Japan cuts spending for first time in 12 years in fiscal 2024 budget
The budget for the coming fiscal year that starts in April is estimated at ¥112.07 trillion, down 2% from the current year's initial amount.
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.
BUSINESS / Markets
Nov 17, 2023
Specific yen level not used to decide intervention, official says
"We won't intervene just because the yen is weakening," Deputy Finance Minister Ryosei Akazawa told parliament.
Bank of Japan Gov. Kazuo Ueda in a news conference on Tuesday, when the central bank adjusted its cap on bond yields.
BUSINESS / Markets
Nov 2, 2023
Japan's yen and bond priorities at odds as market pressure grows
Unscheduled bond purchases by the Bank of Japan Wednesday worked directly against Finance Ministry efforts to support the yen.
BUSINESS / Markets
Oct 4, 2023
Yen rebounds from ¥150 to dollar as Japan mum on intervention
The yen quickly strengthened to ¥147.30 against the dollar, with its swift recovery sparking chatter that a quiet intervention had occurred.
Japan bought yen in September 2022, its first foray in the market to boost its currency since 1998, after a Bank of Japan decision to maintain an ultraloose monetary policy drove the yen as low as ¥145 per dollar.
BUSINESS / Markets / EXPLAINER
Oct 2, 2023
What intervention by Japan to stem yen weakness could look like
Aside from verbal intervention, the government has several options to stem what it considers excessive yen falls.
The Bank of Japan headquarters in Tokyo
BUSINESS
Sep 29, 2023
Biggest selloff in 25 years hits Japan bonds as BOJ loosens grip
The selloff is a reminder that the nation’s debt market relies in part on support from public-sector institutions to outperform global peers.
JAPAN / Crime & Legal
Sep 15, 2023
Osaka court rules against disclosure of Moritomo Gakuen papers
Accepting the plaintiff's petition "could cause problems such as the destruction of criminal evidence in future investigations," the judge concluded.
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
The yen has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.
BUSINESS / Markets
Aug 15, 2023
Yen weakens toward level that prompted September intervention
The currency has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.
The Bank of Japan headquarters in Tokyo. Some economists see the central bank’s loosening of restraints on 10-year bond yields as a message to the government that it now will have to do financial management responsibly, because the BOJ won’t control yields as firmly as it used to.
BUSINESS
Aug 4, 2023
Japan’s fiscal plight draws scrutiny after BOJ policy tweak
Tokyo seeking to expand spending on defense and child care, even as the national debt has grown to almost 260% of gross domestic product.
Japan Times
BUSINESS / Economy
Jun 27, 2023
Official behind last year’s ¥9.33 trillion yen intervention strategy reappointed
Masato Kanda has become just the fourth official in the past three decades to serve a third year as vice finance minister for international affairs, Finance Ministry documents show.
BUSINESS / Economy
Jun 15, 2023
Japan and South Korea to revive currency swap pact
The two sides will seek to agree on such a pact at a meeting between their finance ministers to be held in Tokyo on June 29, sources have said.
Japan Times
BUSINESS
Jun 9, 2023
Japan and South Korea may discuss currency swap deal but caution lingers
The currency swap could be on the agenda at a bilateral finance dialogue that is expected to be held in Tokyo later this month.
Japan's biggest beef bowl chain Sukiya to shut nearly 2,000 stores after rat and bug contamination
Zensho Holdings, operator of fast-food chain Sukiya, said it will close all of its stores in Japan, except for a small number in shopping centers, between Monday and Friday following recent contamination incidents.
Alert raised for volcano in southwestern Japan
Shinmoedake, a volcano located between Miyazaki and Kagoshima prefectures, in November 2019
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Nankai Trough earthquake could kill 298,000 people, government says
Residents participate in an evacuation drill held with West Japan Railway in Shirahama, Wakayama Prefecture, in January 2024 to prepare for a Nankai Trough earthquake and a possible tsunami following the quake.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
Tokyo tech failures lean into misfortune, mistakes and missteps
Tsuyoshi Domoto in Tokyo's Shinjuku Ward on March 28. As an entrepreneur, Domoto experienced plenty of setbacks but maintains a positive attitude and continues to pursue his dreams.
Who among the opposition would join the ruling coalition?
Prime Minister Shigeru Ishiba enters his office in Tokyo on Friday.
Traveling the Three-Star Road, the tourist route made from thin air
Scenes like this snow-covered bridge leading to the village of Shirakawa-go are what make the Three-Star Road worth traveling — its name notwithstanding.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone. 
The last cleanup: Life and death in a lonely Japan
By Johan Brooks

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