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September 18, 2024
 

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GDP

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.
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.
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.
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%.
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
BUSINESS / Economy
Jul 15, 2024
China’s economic growth comes in worse than expected
Underwhelming data for the second quarter puts pressure on Chinese leader Xi Jinping to lift confidence at this week's twice-a-decade policy meeting.
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.
Business sentiment among large manufacturers in Japan in the April-June quarter improved for the first time in two quarters, but the mood among big service-sector firms worsened for the first time in four years, according to a Bank of Japan survey.
BUSINESS / Economy
Jul 1, 2024
Japan's shaky business mood and GDP downgrade cloud BOJ hike timing
A mixed economic outlook complicates the BOJ's decision on how soon to raise interest rates, analysts say.
In 2023, 15.4% of China's population was over 65, a demographic milestone that typically slows economic growth.
COMMENTARY / World
Jun 12, 2024
Is China too old to get rich?
By 2023, 15.4% of China's population was over 65, a demographic milestone that typically slows economic growth.
Japan's economy contracted less than initially reported in the January-March period on upward revisions to capital spending and inventory data.
BUSINESS / Economy
Jun 10, 2024
Japan’s sputtering economy yet to show clear signs of recovery
The data showed both consumers and companies cutting back on spending and unsold supplies building up on warehouse shelves.
Japanese companies' capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
BUSINESS / Economy
Jun 3, 2024
Japan’s firms trim spending, reflecting headwinds to growth
Capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
BUSINESS / Economy
May 16, 2024
Japan’s economy contracts as consumers and firms cut spending
Gross domestic product contracted at an annualized pace of 2% in the three months through March.
Gloomy economic conditions, especially weak consumption, raise questions over whether the Bank of Japan will be able to take further steps toward policy normalization.
BUSINESS / Economy
May 15, 2024
Japan GDP data expected to show contraction for first quarter
The preliminary data is expected to show that spending by consumers and companies fell, while net exports dragged on growth for the first time in a year.
The widespread adoption of renewable energy sources and implementation of energy efficiency are key to reducing emissions and, in turn, fueling economic growth.
COMMENTARY / World
May 2, 2024
We need economic growth to avert a climate catastrophe
The degrowth movement doesn't offer solutions to tackle global warming. Not only are its proposals unrealistic, but they may not even be effective.
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
JAPAN / Society
May 4, 2024
Japan’s record-low children population weighs on growth
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund, wrote in a blog post that global disinflation and the prospect of lower central bank interest rates had made a soft landing more likely.
BUSINESS / Economy
Apr 30, 2024
IMF boosts Asia growth forecast this year on China and India prospects
It expects Asia to grow 4.5% from the prior year — 0.3 percentage points higher than its previous forecast but still slower than last year’s 5% pace.
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.
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.
Tokyo issues warning as rare but deadly STSS bacterial infections rise
A colorized scanning electron micrograph of group A streptococcus bacteria
‘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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