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September 18, 2024
 

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FINANCE

Masato Kanda, Japan's former top currency diplomat, led massive bouts of yen-buying intervention in the currency markets in 2022 and 2024.
BUSINESS / Economy
Sep 10, 2024
Japan nominates ex-currency diplomat Kanda to head ADB
Since its 1966 founding, the ADB's top post has always gone to a Japanese national, making Kanda a strong candidate.
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024
Japanese companies mark record combined profits in April-June
Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024
Japan’s new prime minister must set fresh fiscal target, adviser says
Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
Seven & I is currently categorized on the Finance Ministry's classification list as a company that conducts "designated," but not "core" businesses.
BUSINESS / Companies
Sep 3, 2024
Japanese companies cannot use national security cover to block takeovers, official says
Japanese companies cannot use a national security designation as a tool to thwart foreign takeovers, a senior Finance Ministry official said.
Japanese firms' capital expenditure rose 1.9% in the three months through June from the previous quarter.
BUSINESS
Sep 2, 2024
Japan’s firms lift outlays in sign of modest domestic demand
Capital expenditure on goods excluding software rose 1.9% in the three months through June from the previous quarter.
Activist funds added to their holdings during the Aug. 5 selloff in the Japanese stock market, an indication that they don’t mind taking significant risks to boost their stakes in target companies.
BUSINESS / Markets
Aug 19, 2024
Activists bought Japanese stocks during worst rout since 1987
Activists bought a total of 2.8 million shares during the Aug. 5 selloff, the most in at least 60 days.
The rate of the yen against the dollar displayed in the trading room at a foreign exchange brokerage in Tokyo on April 25.
BUSINESS / Markets
Aug 7, 2024
Japan's April yen-buying intervention sets new daily record
Quarterly data from the Finance Ministry showed that Japan spent a record ¥5.92 trillion on a single-day yen-buying intervention on April 29.
Shares faced historic sell-offs at the Tokyo Stock Exchange on Monday, but some retail investors see them as an opportunity to buy the dip, betting that the downturn is temporary.
BUSINESS / Markets
Aug 6, 2024
Japan’s retail investors show resiliency despite market turmoil
Some small investors chose the opportunity to buy the dip, betting that the market downturn was temporary.
Japanese currency authorities spend ¥5.5 trillion to prop up the yen against the dollar in the past month.
BUSINESS
Aug 1, 2024
Japan spent ¥5.5 trillion to prop up the yen in past month
The latest action appears to have helped reverse the tide on the yen’s weakness.
The exchange rate for the Japanese yen against the euro (left) and the U.S. dollar is displayed at a foreign exchange brokerage in Tokyo on June 27.
BUSINESS / Markets
Jul 23, 2024
Citi flags possible euro-yen intervention if rate nears ¥180 level
The euro-yen pair traded as high as ¥175.43 on July 11 — a record since the common currency was launched in 1999 — before retreating.
A monitor in Tokyo shows the yen strengthening to the ¥157 range against the dollar late Thursday evening.
BUSINESS / Markets
Jul 12, 2024
Japan likely spent $22 billion on yen intervention Thursday
Japan’s currency firmed from around ¥161.58 against the dollar to ¥157.44 in little more than half an hour.
Japan’s redesigned yen banknotes are shown at the Bank of Japan headquarters in Tokyo on Wednesday, the day the new ¥10,000, ¥5,000 and ¥1,000 bills went into circulation. 
COMMENTARY / Japan
Jul 3, 2024
The new yen notes have an important story to tell
The inspiring stories of the three trailblazers whose portraits are featured on the new yen banknotes say a lot about the past, present and future of Japan.
The Finance Ministry and the National Tax Agency in Tokyo's Kasumigaseki district
BUSINESS
Jul 3, 2024
Japan's tax revenue sets another record amid a weak yen and inflation
Even with the tax revenue gains, however, Japan’s fiscal plight is severe.
The yen’s depreciation is largely down to the gap in interest rates between the U.S. and Japan. Therefore, U.S. Federal Reserve Chair Jerome Powell is, to all intents and purposes, “Mr. Yen.”
COMMENTARY / Japan
Jul 1, 2024
There’s a new 'Mr. Yen' in town
No matter what the Bank of Japan or the Finance Ministry do, ultimate control over the yen's value lies in the hands of U.S. Federal Reserve Chair Jerome Powell.
Samples of newly designed yen banknotes at the National Printing Bureau's Tokyo plant on June 19
BUSINESS / EXPLAINER
Jul 1, 2024
What you need to know about Japan's new banknotes
The last time the country redesigned its banknotes was 20 years ago.
A monitor at a foreign exchange brokerage in Tokyo shows the yen falling below ¥161 against the dollar on Friday morning.
BUSINESS / Markets
Jun 28, 2024
Japan names new forex diplomat as yen hits 38-year low
Atsushi Mimura, a financial regulation veteran, replaces Masato Kanda, who launched the biggest yen-buying intervention on record this year.
The yen fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
BUSINESS
Jun 26, 2024
Yen’s tumble to weakest since 1986 boosts risk of intervention
The Japanese currency fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
Traders say a slump of the yen as far as ¥170 per dollar is possible despite looming intervention risks.
BUSINESS / Economy
Jun 25, 2024
Forget ¥160 — traders see currency falling as far as ¥170 against dollar
The yen is at risk of sliding to levels last seen in 1986, with traders unfazed by the specter of government intervention.
Finance Minister Shunichi Suzuki has officially acknowledged that the government had intervened in the market to prop up the yen.
BUSINESS / Economy
Jun 4, 2024
Japan's yen intervention was effective to an extent, finance minister says
Figures disclosed by the Finance Ministry on Friday indicated that it spent ¥9.8 trillion combined to prop up the yen on April 29 and May 1, a record amount.
A monitor showing the Nikkei 225 index and the yen exchange rate in Tokyo. The yen is expected to remain under pressure given the yawning gap between interest rates in Japan and the U.S.
BUSINESS / Economy
Jun 1, 2024
Japan spent record ¥9.8 trillion to prop up yen in past month
The record spending on intervention shows the government’s resolve to push back against speculators betting against the yen.
'Shogun' becomes first non-English-language winner of best drama Emmy
Japanese actress Anna Sawai, winner of the outstanding lead actress in a drama series award for "Shogun," and Japanese actor Hiroyuki Sanada, winner of the outstanding lead actor in a drama series award for the show, pose in the press room during the 76th Emmy Awards in Los Angeles on Sunday.
Chris Broad's new bar puts cocktails first, YouTube second
A self-proclaimed lover of great cocktails, YouTuber Chris Broad says his new Shibuya watering hole is more a place to get yourself a solid drink than it is anything related to his social media career.
South Korea is facing deepfake porn crisis
Activists hold up symbolic eye masks during a protest against deepfake porn in Seoul on Aug. 30.
In LDP presidential poll, three kingmakers hold all the cards
Prime Minister Fumio Kishida speaks at the Liberal Democratic Party headquarters in Tokyo in January as former Prime Minister Yoshihide Suga (left) looks on.
Yen strengthens beyond ¥140 per dollar for first time since 2023
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
‘Shogun’ and the painstaking art of ‘getting it right’
Hiroyuki Sanada and the cast and crew of "Shogun" accept the award for best drama series at the 76th Primetime Emmy Awards in Los Angeles, California.
Japan’s schools battle to keep kids cool, with or without AC
Students sit under a misting system during recess at Hikarigaoka Haru no Kaze Elementary School in Nerima Ward, Tokyo, on Sept. 6.
Chris Broad's new bar puts cocktails first, YouTube second
A self-proclaimed lover of great cocktails, YouTuber Chris Broad says his new Shibuya watering hole is more a place to get yourself a solid drink than it is anything related to his social media career.
In LDP presidential poll, three kingmakers hold all the cards
Prime Minister Fumio Kishida speaks at the Liberal Democratic Party headquarters in Tokyo in January as former Prime Minister Yoshihide Suga (left) looks on.
How China’s dominance of solar and batteries is impacting Japan’s energy transition
Solar panels and wind turbines at a power plant in Hami in China's Xinjiang region. The U.S. and other countries have described China’s actions against Uyghurs in the Xinjiang region, a key cog in the cleantech supply chain, as a genocidal campaign aimed at erasing an entire culture.

Podcast

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

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

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