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July 17, 2024
 

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FINANCE

Japan Times
BUSINESS / Companies
Jun 2, 2020
Shinsei to buy New Zealand's UDC Finance for $480 million
Shinsei Bank Ltd. said it will buy New Zealand's top nonbank finance provider, UDC Finance Ltd., for $480 million (¥51.7 billion) in its biggest overseas acquisition to date and marking the latest asset purchase by a Japanese company eager to move beyond a low-growth home market.
Japan Times
BUSINESS / Economy
Jun 1, 2020
Japan's corporate profits log biggest fall since 2009 as pandemic takes toll
In the nonmanufacturing sector, the service sector such as accommodation led the decline as people refrained from nonessential outings amid the virus spread.
BUSINESS
May 26, 2020
Japan still world's top creditor at end of 2019
Japan remained the world's largest creditor at the end of 2019, with the net balance of external assets held by its government, companies and individual investors hitting a record ¥364.53 trillion ($3.40 trillion), the Finance Ministry said Tuesday.
Japan Times
BUSINESS / Economy
May 22, 2020
Japan finance and BOJ chiefs vow in rare meeting to use all tools to combat virus fallout
The pair vowed to deploy all necessary fiscal and monetary policy tools to combat the widening fallout from the pandemic.
Japan Times
BUSINESS / Economy
Apr 27, 2020
Japan's regional economies face 'extremely severe situation,' Finance Ministry warns
The sharp drop in both consumer activity at home and demand for Japanese products overseas is being felt in all corners of the nation.
Japan Times
JAPAN / EXPLAINER
Apr 2, 2020
With suicide note and lawsuit, Moritomo scandal back to haunt Abe
With the publication of a suicide note by a former Finance Ministry official and subsequent lawsuit by his widow, the Moritomo Gakuen scandal has returned to haunt Prime Minister Shinzo Abe. But with Abe saying the issue has been settled and Japan finding itself in the midst of the coronavirus crisis,...
Japan Times
JAPAN
Mar 18, 2020
Suicide note reignites Moritomo scandal that rocked Abe administration
The wife of a former Finance Ministry official who killed himself filed a lawsuit against the ministry and the former chief of its financial bureau, seeking damages of u00a5110 million.
Japan Times
BUSINESS / Tech
Feb 22, 2020
Japan's financial and monetary authorities taking hard look at minting digital currencies
The Finance Ministry, Financial Services Agency and Bank of Japan have met to promote research on digital currencies for possible issue by central banks, it has been learned.
Japan Times
JAPAN
Feb 13, 2020
Japanese customs authorities seized record amount of illegal drugs in 2019
The amount of illegal drugs seized by customs authorities hit a record in 2019 and topped 3 tons for the first time, government data showed Wednesday.
Japan Times
BUSINESS
Feb 10, 2020
Japan 2019 current account surplus up, services see first black ink
The current account surplus in 2019 grew 4.4 percent to ¥20.06 trillion ($183 billion) from the previous year, helped by the first-ever black ink in services trade on increased consumption by foreign tourists, government data showed Monday.
Japan Times
JAPAN
Jan 25, 2020
Three Japanese ministries and the patent office to test ways to cut number of plastic bags at convenience stores
The Ministry of Economy, Trade and Industry said Friday that it will launch a trial next week at convenience stores at three government ministries and an agency to test ways to reduce the use of plastic shopping bags.
Japan Times
BUSINESS
Jan 23, 2020
Japan logs trade deficit for second year amid weak demand from China
Across Asia, Japan netted a surplus of u00a53.93 trillion, but its black ink shrank for a second year.
BUSINESS / Economy
Jan 20, 2020
In Diet, Finance Minister Taro Aso vows sustainable growth for Japan, led by private sector
In a separate speech, Yasutoshi Nishimura, minister for economic and fiscal policy, stressed the importance of fostering talent that will further innovation.
Japan Times
BUSINESS
Jan 17, 2020
Japan former top currency diplomat Asakawa takes office as ADB chief
Former Vice Finance Minister for International Affairs Masatsugu Asakawa took office Friday as president of the Asian Development Bank, the Manila-based organization said.
ASIA PACIFIC / Politics / FOCUS
Dec 29, 2019
China's Xi turns to financial experts to tame economic risks
As China struggles to deal with the slowdown of the world's second-largest economy, it has embarked on a new strategy of placing financial experts in provinces to manage risks and rebuild regional economies.
Japan Times
BUSINESS / ANALYSIS
Dec 21, 2019
'Too optimistic': Japan tax hike not enough to boost nation's finances
The nation's tax revenue is expected to end up lower than the record high figure estimated in the fiscal 2020 draft budget.
Japan Times
BUSINESS / Economy
Dec 18, 2019
Japan to earmark record ¥102 trillion for 2020 budget as social security and defense costs rise
The central government will distribute u00a516.6 trillion to local governments, up u00a5400 billion from the previous year.
Japan Times
BUSINESS / Economy
Dec 10, 2019
Japan's initial fiscal 2020 budget to top ¥100 trillion again, hitting new record
Japan's initial budget for fiscal 2020 will hit a record high and top ¥100 trillion ($920 billion) for the second straight year due to swelling social security and defense costs, government sources said Monday.
Japan Times
BUSINESS
Nov 8, 2019
Aso signals new openness to introducing 50-year bonds
Finance Minister Taro Aso indicated a new openness to introducing 50-year government bonds, days after the country's central bank chief suggested such a move could be helpful.
Japan Times
JAPAN / Science & Health
Nov 1, 2019
Japan Finance Ministry proposes raising out-of-pocket medical costs for those 75 and over
The Finance Ministry on Friday proposed cutting official medical service fees and raising the proportion of medical expenses paid by patients themselves, with the aim of improving the financial condition of the country's health insurance system.
South Korea couple beat same-sex barriers to parenthood
South Korean lesbian couple Kim Kyu-jin (left) and her wife, Kim Sae-yeon, pose with a "pregnant woman" badge during an interview in Seoul last month.
Japan unveils new overtourism countermeasures
The majority of tourists in Japan tend to stay in Tokyo, Osaka or Kyoto, resulting in overcrowding in popular tourist spots and a strain on transportation systems.
Opportunities await the bold in the Year of the Wood Dragon
2024 marks the Year of the Dragon in the Chinese zodiac, with the year predicted to be a good time for fresh starts.
Japan pharma startup developing world-first drug to grow new teeth
A new tooth is seen in a ferret's mouth after it was administered a drug to stimulate the growth of tooth buds.
Don’t worry about global population collapse
Most projections show the world will hit peak humanity in the 21st century as people choose to have smaller families and women gain power over their own reproduction.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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Exploring Japanese culturevia Tohoku’s festivals
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