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March 26, 2025
 

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GLOBAL ECONOMY

U.S. President Donald Trump’s tariffs are framed as a way to generate revenue and bring and return businesses to America. However, retaliation from trading partners will weaken any potential gains.
COMMENTARY / World
Mar 25, 2025
Making sense of the tariff chaos
Many Americans probably find this rationale compelling. After all, what’s wrong with putting national interests first?
Despite the uncertainty surrounding global trade, there are some bright spots — namely, the booming trade in services, where the United States is leading the way.
COMMENTARY / World
Mar 23, 2025
America’s big trade win
American workers are reaping the rewards. Services exports directly generated 4.1 million jobs in America in 2022, according to the U.S. International Trade Administration.
U.S. President Donald Trump walks toward Air Force One in Morristown, New Jersey, on Saturday.
BUSINESS / Economy
Mar 23, 2025
Trump plans his tariff ‘Liberation Day’ with more targeted push
Trump is preparing a "Liberation Day” tariff announcement on April 2.
An economic dialogue between Japan and China will take place in Tokyo on Saturday, the same day as a meeting among top diplomats of the two countries plus South Korea.
BUSINESS
Mar 21, 2025
Japan and China set for economic talks as U.S. tariff pressure rises
The scale and proximity of the Chinese market means it is in Japan’s interest to maintain stable relations despite ongoing tensions.
A worker arranges cases of avocados at a packaging facility in Mexico on Tuesday. U.S. President Donald Trump has said he will follow through next month on twice-delayed plans to impose 25% levies on goods from Mexico as well as Canada.
BUSINESS / Economy
Mar 21, 2025
Trump trade upheaval leaves foreign central banks guessing
The stagflationary direction noted of the U.S. outlook has central banks across the globe parsing what the fallout may mean for them.
U.S. Federal Reserve Chair Jerome Powell speaks at a news conference in Washington on Wednesday.
BUSINESS / Economy
Mar 20, 2025
Powell downplays growing risks, sees tariff impact as transitory
His use of the word "transitory” was surprising because the Fed employed the same word when inflation exploded following the onset of COVID-19.
A vendor shouts out his price for lettuce in a market in Beijing on March 9. Consumer prices in China fell last month for the first time in a year, with authorities in the world's second-largest economy struggling to kick-start spending and trade headwinds intensifying as U.S. tariffs kick in under U.S. President Donald Trump.
BUSINESS / Economy
Mar 18, 2025
Global stock markets rise as China outlines plan to boost consumer spending
Beijing plans to raise income with property reforms, stabilize the stock market and encourage lenders to provide more consumption loans.
A worker inspects a steel coil on the factory floor before Canada's Prime Minister-designate Mark Carney visits the ArcelorMittal Dofasco steel mill in Hamilton, Ontario, Canada, on Wednesday.
BUSINESS / Economy
Mar 13, 2025
Trump threatens further tariffs as EU and Canada retaliate against U.S. levies
The U.S. tariffs have rattled investor, consumer and business confidence and raised recession fears.
Coils of rolled steel sit in an industrial yard in Hamilton, Ontario, Canada
BUSINESS / Markets
Mar 12, 2025
U.S.-Canada trade war heats up as Trump doubles metals tariffs, then backs off
The switch came after a Canadian official also backed off his own plans for a 25% surcharge on electricity.
A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in the capital on Tuesday.
BUSINESS / Markets
Mar 11, 2025
Asian stocks slide as U.S. growth worries grip markets
In Asia, stocks were battered across the board with Japan's Nikkei and Taiwan stocks hitting their lowest levels since September.
A trader works on the floor of the New York Stock Exchange at the opening bell in New York on Monday, when stocks plummeted as investors fretted that uncertainty over President Donald Trump's tariff policy could tip the world's biggest economy into a recession.
BUSINESS / Markets
Mar 11, 2025
Markets rocked by Trump show economic fear across Wall Street
What had been a steady pullback from the U.S. stock market accelerated sharply Monday as investors retreated from virtually every type of risk.
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands with him aboard Air Force One on his return to Washington on Sunday.
BUSINESS / Economy
Mar 10, 2025
Trump declines to rule out recession in U.S. this year
The U.S. president's on-again, off-again tariff threats have roiled financial markets and stoked unease among consumers.
Qianmen street, Beijing, in March 2023. Though the immediate shock has passed, COVID-19's legacy continues to reshape global economies and markets.
BUSINESS / Economy
Mar 8, 2025
Five years on, the economic impact of COVID-19 lingers
Though the immediate shock has passed, COVID-19's legacy continues to reshape global economies and markets.
U.S. President Donald Trump speaks from the Oval Office of the White House in Washington on Friday. Trump said tariffs could be imposed on Canadian dairy and lumber products within days, in a growing trade war with the United States' northern neighbor.
BUSINESS / Economy / FOCUS
Mar 8, 2025
Trump’s on-again, off-again tariff strategy sows confusion
Hasty announcements have injected chaos into the economy and financial markets, casting doubts about the White House’s trade strategy.
Ukraine has become a leader in drone warfare, particularly with its innovative use of first-person view drones. These drones have proven highly effective in targeting Russian military equipment and ammunition depots.
COMMENTARY / World
Mar 6, 2025
Breaking down Ukraine’s true value
With the U.S. now increasingly acting in Russia’s interests, supporting Ukraine is not just a moral imperative for Europe, it is an existential one.
The yield on Japan’s 10-year note climbed 7 basis points to 1.5%, the highest since 2009.
BUSINESS / Economy
Mar 6, 2025
German bond rout goes global as yields surge in Japan
The yield on Japan’s 10-year note climbed 7 basis points to 1.5%, the highest since 2009.
Tariffs and trade uncertainty are causing the U.S. economy to lose steam, and companies more vulnerable to slower growth are starting to show the cracks.
BUSINESS / Markets
Mar 6, 2025
Investors spy the dawn of a tectonic shift away from U.S. markets
For most of the last three years, investors had bet on "U.S. exceptionalism," with the country ahead of others in economic growth, stock prices and AI.
The international system led by the United Nations faces challenges such as failing to maintain peace, end corruption and implement reforms, raising concerns of a League of Nations-like collapse.
COMMENTARY / World
Mar 4, 2025
Transitioning to a new global structure without a League of Nations-style collapse
Like many idealistic efforts throughout history, the League of Nations teetered for years before its final collapse as the end of World War II.
Maersk shipping containers are stored aboard the ‘Albert Maersk’ in Navi Mumbai, India, on Feb. 28.
BUSINESS / Markets
Mar 3, 2025
U.S. tariffs and easing of Middle East tensions threaten reversal of shipping boom
Global liner rates fell 5.9% sequentially in the week ended Feb. 27, after earlier breaking below $3,000 per 12-meter container for the first time since early May
As more countries gain global influence, disagreements over the future world order are making cooperation harder, especially between democracies and autocracies.
COMMENTARY / World
Feb 23, 2025
The age of multipolarization
The shift to a multipolar world has been accompanied by deepening polarization within and between countries.
Ozeki Onosato on doorstep of yokozuna promotion after latest title
Onosato celebrates after winning the Spring Grand Sumo Tournament in Osaka on Sunday.
Ehime wildfire blazes on while Okayama's begins to burn out
Smoke from a wildfire in the city of Okayama on Monday. The fire had subsided by Tuesday while a separate wildfire in Ehime Prefecture continues to spread.
Japan bond rout signals era of ultralow rates might really be over  
Yields on Japan's 10-year government bonds have risen at a fast pace since the Bank of Japan ended its negative-rate policy last year and started to tighten.
Japan's first foreign swordsmith opens workshop in Hiroshima Prefecture
Johan Leutwiler checks a sword he made at his workshop studio in the Kui district of Mihara, Hiroshima Prefecture.
Tokyo court strips Unification Church of religious corporation status
Nobuya Fukumoto (far left), a lawyer for the Family Federation for World Peace and Unification, known as the Unification Church, is surrounded by the media at the Tokyo District Court on Tuesday after it ordered the group to be stripped of its religious corporation status.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.
Stay at home if Mount Fuji erupts, government panel says
Mount Fuji in November. For the first time, the government has released specific guidelines on how residents should act in the event that Mount Fuji erupts.
In pictures: Tokyo's weeklong celebration of baseball's best
Shohei Ohtani belts a home run in the fifth inning of the second game of the Tokyo Series between the Dodgers and Cubs.

Podcast

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

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SUSTAINABLE JAPAN

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