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November 22, 2024
 

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GDP

Japan's economy expanded by an annualized 0.9% in the third quarter, data showed.
BUSINESS / Economy
Nov 15, 2024
Japan’s economy beats consensus in boost for BOJ rate hike case
Gross domestic product expanded at an annualized pace of 0.9% in the three months through September from the prior period, a tad higher than the 0.7% consensus estimate.
An infrastructure project in the city of Mumbai. The International Monetary Fund forecasts 7.0% growth for India in 2024 and 6.5% in 2025, compared with 0.3% growth for Japan this year and 1.1% next year.
BUSINESS / Economy
Nov 12, 2024
India set to overtake Japan in GDP rankings
Economic stagnation and a weak yen could take Japan's economy to fifth place globally as early as next year.
China's finance ministry estimates "hidden debt" — or debt accumulated through local government financing vehicles — was at 14.3 trillion yuan ($2 trillion) at the end of 2023.
BUSINESS / Economy
Nov 11, 2024
What you need to know about China's $1.4 trillion debt package
Beijing aims to swap "hidden debt" for official debt to help local governments save hundreds of billion yuan in interest, and unclog money pipes to the real economy.
Senior IMF official Vitor Gaspar speaks during an interview in Washington last Friday.
BUSINESS / Economy
Oct 24, 2024
IMF official warns Japan of debt deterioration in event of future shock
The IMF predicts that Japan's debt will exceed 250% of its gross domestic product this year before gradually decreasing.
The International Monetary Fund headquarters during its spring meetings together with the World Bank Group in Washington in April 2023.
BUSINESS / Economy
Oct 23, 2024
IMF lowers global growth forecast for 2025, warning of growing risks
Global output will expand 3.2%, 0.1 percentage point slower than a July estimate, while inflation will slow from 5.8% in 2024 to 4.3% next year.
The Champayan Lagoon in Altamira, Tamaulipas, Mexico. A new report finds that nearly 3 billion people and more than half of the world’s food production are in areas experiencing a worsening water shortage.
ENVIRONMENT / Sustainability
Oct 17, 2024
Water crisis endangers 8% of GDP in high-income countries, report warns
The report finds that nearly 3 billion people and more than half of the world’s food production are in areas experiencing a worsening water shortage.
Japan's has experienced a significant decline in global economic power, with its share of global gross domestic product dropping from 18% in the 1980s to an anticipated 3% by 2050.
COMMENTARY / Japan
Oct 8, 2024
Japan needs more than mere economic strength
Japan, a country that has long relied on its economic prowess for international stature and standing, must change its perspective.
There's long been one mantra in mainstream economics: Growth is good. But recently, an alternative term has begun taking root in popular culture and policy: "degrowth."
BUSINESS / Economy
Oct 5, 2024
These are boom times for ‘degrowth’
Kohei Saito believes one reason degrowth has had increasing appeal is because "younger generations are not enjoying the fruits of economic growth.”
A funeral is held for Russian military personnel and civilians killed in the war with Ukraine, at a cemetery in Luhansk, in Russian-controlled Ukraine, in May 2023. The U.S. estimates that 120,000 Russian soldiers have been killed and another 180,000 injured, further worsening the nation's manpower shortages and economic output.
COMMENTARY / World
Oct 4, 2024
The Russian war economy’s days are numbered
Russian President Vladimir Putin and his cronies boast that the sanctions make Russia stronger, but they incessantly call for all restrictions to be lifted.
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.
Decades after Bhutan introduced its Gross National Happiness index, the idea that gross domestic product is an inadequate indicator of human well-being and social progress is gaining ground.
COMMENTARY / World
Sep 22, 2024
Is gross national happiness the way forward?
The World Happiness Report's top-ranked countries tended to be smaller Western countries, led by Finland. Larger Western economies tend to perform worse.
Japan's economy expanded in the April-June period at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending.
BUSINESS / Economy
Sep 9, 2024
Japan’s softer economic rebound still keeps BOJ hike in play
In noninflation adjusted terms, the economy advanced 1.8% from the previous quarter.
Weighting the total number of medals won by each country by value — three points for gold, two for silver and one for bronze — reveals that the 12 countries with the highest medal count in Paris are all advanced economies.
COMMENTARY / World
Sep 4, 2024
The geopolitics of Olympic medals
A larger population offers a broader talent pool, and economic development supports better sports infrastructure and policies.
Japanese workers in their 40s and 50s — known as the "lost generation" — saw their wages rise slightly in the second quarter.
BUSINESS / Economy
Aug 29, 2024
Japan’s 'lost generation' gets a raise, and the economy, a small boost
The pay bump in the second quarter is vitally important to the economy, as consumption by Japanese workers in their 40s and 50s is an important driver of growth.
People walk along Takeshita street at Harajuku shopping area in Tokyo
BUSINESS / Economy
Aug 15, 2024
Japan's economy rebounds strongly on consumption boost, backing case for more rate hikes
The Bank of Japan had forecast that a solid economic recovery will help inflation hit its 2% target and justify raising interest rates further.
Although markets can promote economic efficiency under the right conditions, there is no “invisible hand” to deliver solidarity, agency, material sufficiency and environmental sustainability.
COMMENTARY / World
Aug 11, 2024
A new worldview for troubled times
The problem is not that humans are predominantly ignorant or evil. Most people abhor social discord, abject poverty and environmental destruction.
By enabling a few wealthy individuals to wield disproportionate influence, today’s global economy increasingly marginalizes and disenfranchises much of the world’s population.
COMMENTARY / World
Aug 4, 2024
To preserve democracy, tax the rich
What the world needs are progressive tax systems that redistribute income from the rich to the poor without weakening socially beneficial incentives.
Japan cut its economic growth forecast for the current fiscal year, reflecting weaker-than-expected private consumption.
BUSINESS / Economy
Jul 19, 2024
Japan cuts growth forecast as prime minister warns of weak-yen pain
The government cut its economic growth forecast for the current fiscal year ending in March 2025 to 0.9% from 1.3% projected in January.
The International Monetary Fund lowered its 2024 growth estimate for Japan by 0.2 point to 0.7%, citing temporary production suspensions at some automakers over their vehicle test cheating, as well as weak private investment.
BUSINESS / Economy
Jul 17, 2024
IMF cuts Japan's growth forecast, upbeat on consumption prospects
The IMF says it expects Japan's economy to expand 0.7% this year, down 0.2 percentage point from its forecast in April, after an 1.9% increase in 2023.
The production plant of GCL Technology in Xuzhou, Jiangsu province, China, on July 2
BUSINESS / Economy
Jul 16, 2024
Xi Jinping’s great economic rewiring is cushioning China’s slowdown
Tech advances and a resulting export boom have helped to keep economic growth within reach of its targeted pace of around 5%.
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?
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