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April 04, 2025
 

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GLOBAL ECONOMY

Meetings will be held regularly at the vice-minister level, with officials reporting back to Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng, according to the Treasury.
BUSINESS / Economy
Sep 23, 2023
U.S. and China form economy working groups in sign of better ties
Meetings will be held at the vice-minister level, with officials reporting back to U.S. Treasury chief Janet Yellen and Chinese Vice Premier He Lifeng.
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad. Sometimes, they’re responding to the lure of China’s potential. Other times, it’s the alienation they feel overseas.
ASIA PACIFIC / Politics
Sep 22, 2023
China’s wealthy youth flock home as tensions with U.S. rise
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad.
Singapore has topped Hong Kong for the first time in the Economic Freedom of the World Index.
BUSINESS / Economy
Sep 21, 2023
In first, Singapore tops Hong Kong to become ‘world’s freest economy’
Hong Kong fell to second place in the Economic Freedom of the World Index for the first time since its began in 1970.
Apart from the direct economic costs, governments that conspire to thwart the dollar system risk losing America’s security guarantees as well.
COMMENTARY / World
Sep 20, 2023
The greenback’s full-spectrum dominance is here to stay
Debates about the future of the international monetary system often fail to appreciate the greenback’s full-spectrum dominance.
Traders work on the floor of the New York Stock Exchange.
BUSINESS / Economy
Sep 18, 2023
Wall Street comes to grips with how wrong it’s been in 2023
Stock-market strategists who were largely wrong about this year’s rally are finally starting to come to face their mistake.
Cuban President Miguel Diaz-Canel (left) laughs as he welcomes Saint Vincent and the Grenadines' Prime Minister Ralph Gonsalves during the G77+China summit at the Convention Palace in Havana on Friday.
WORLD / Politics
Sep 16, 2023
G77+China summit in Cuba calls for new global order
The grouping of developing and emerging countries representing 80% of the world's population kicked off a summit in Cuba on Friday.
International Monetary Fund Managing Director Kristalina Georgieva walks after attending an interview at the International Media Center at the Group of 20 summit in New Delhi on Sept. 10.
BUSINESS / Economy
Sep 16, 2023
IMF to urge China to shift growth model toward consumption
IMF Managing Director Kristalina Georgieva plans to ask China to address a number of issues that are dragging down both Chinese and global growth.
China's exports fell by 14.5% year on year in July, a stark contrast from the robust 17.2% export growth recorded in July 2022.
COMMENTARY / World
Sep 11, 2023
Why hasn’t China rushed to bail out its economy?
China's reluctance to unveil a massive stimulus package despite the ongoing economic slowdown has puzzled foreign observers and the Chinese public alike.
Chinese President Xi Jinping attends the China-Africa leaders’ roundtable on the closing day of the BRICS summit in Johannesburg on Aug. 24
COMMENTARY / World
Sep 7, 2023
China and doubling of BRICS size challenges the U.S.-led global order
Although China is the world’s second largest economy, it still claims to be a developing country and depicts itself as the champion of the Global South.
Kohei Saito, a philosophy professor at the University of Tokyo who appears regularly in Japanese media to discuss his ideas, at home in Tokyo on March 16.
JAPAN / Society
Sep 7, 2023
Can shrinking be good for Japan? A Marxist bestseller makes the case.
Saito has tapped into what he describes as a growing disillusionment in Japan with capitalism’s ability to solve the problems people see around them.
A construction site of residential buildings by Chinese developer Country Garden in Beijing. Some economists now see growth in China’s economy slowing to 3.5% in 2030 and to near 1% by 2050.
BUSINESS / Economy
Sep 5, 2023
China slowdown means it may never overtake U.S. economy: forecast
Some economists now see growth in China’s economy — the world’s second largest — slowing to 3.5% in 2030 and to near 1% by 2050.
Workers unload sacks of onions from a truck at a wholesale market in Ghaziabad, Uttar Pradesh, India, on April 5.
BUSINESS / Economy
Sep 4, 2023
How these grocery staples became emblems of inflation in Asia
From war to disease to the effects of climate change, global food prices have been shaken by various factors in recent years.
Buildings in Guangzhou, China. Aside from short-term solutions, economists see three options for China to restructure its economy.
BUSINESS / Economy / ANALYSIS
Sep 4, 2023
Part of China's economic miracle was a mirage. Reality check is next.
While many analysts see a slow drift towards Japan-style stagnation as the most likely outcome, there is also the prospect of a more severe crunch.
An air raid shelter converted into luxury apartments at Ungererstrasse 158 in Munich, Germany
BUSINESS / Economy / ANALYSIS
Sep 4, 2023
Market flop: How Germany's property boom ended
The country's property sector in Europe's largest economy is suffering its worst slump in decades.
The Port of Los Angeles. AI tools are helping many organizations simplify trade-data analysis in ways that may help smooth cross-border commerce.
BUSINESS / Tech
Sep 3, 2023
AI fused with trade data may smooth clunky supply chains
Technology may soon sort through hundreds of millions of shipment records and error-prone datasets in a fraction of the time it takes today.
Chinese leader Xi Jinping is seen on a screen during a video address for the Global Trade in Services Summit, at the media center for the China International Fair for Trade in Services in Beijing on Saturday.
BUSINESS / Economy
Sep 2, 2023
The U.S., allies see opportunity and risk in slowing China economy
The U.S. and other G7 nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand.
U.S. Commerce Secretary Gina Raimondo and Chinese Vice Premier He Lifeng meet in Beijing on Tuesday.
COMMENTARY / World
Sep 1, 2023
U.S.-China 'de-risking' will face stress test in election season
While Democrats favor de-risking, Republicans are firmly in the decoupling camp and are attacking Biden's China policy for being too meek.
Artificial intelligence may well enable the automation of many tasks and the replacement of some workers. But AI tools are still fallible and are unlikely to replace humans any time soon.
COMMENTARY / World
Aug 30, 2023
AI and the productivity imperative
The global economic outlook for the next decade appears grim. But a surge in productivity — fueled by artificial intelligence — could change that picture.
Over the last decade, the attention given to falling income and wealth inequality has been tiny, creating a view of the issue that may be seriously out of date.
COMMENTARY / World
Aug 29, 2023
We should concentrate on fighting poverty, not income inequality
Wealth inequality has recently gone down in the U.S. and the West, and the decline has been going on for the better part of the last decade.
Jerome Powell, chairman of the U.S. Federal Reserve, from left, Kazuo Ueda, governor of the Bank of Japan (BOJ), and Christine Lagarde, president of the European Central Bank (ECB), walk the grounds at the Jackson Hole economic symposium in Moran, Wyoming, on Friday.
BUSINESS / Economy
Aug 28, 2023
At Jackson Hole, post-inflation challenges vex central bankers
The bankers stressed the need to keep interest rates high until inflation is contained, and wrestled with deep shifts that will make their jobs harder.
As ‘Buy Canadian’ grows, more U.S. firms say retailers turning away products
Empty shelves with "Buy Canadian Instead" signs are seen in the American Whiskey section of the BC Liquor in Vancouver, British Columbia, on March 10.
U.S. tourist arrested after bringing a handgun into Japan
Hyogo police believe the handgun a U.S. tourist inadvertently brought into Japan slipped through security procedures at Kansai International Airport in Osaka Prefecture.
Trump unveils 10% global tariff, with Japan levy set at 24%
Trump tosses a MAGA hat to the crowd during an event in which he unveiled new tariffs in the White House on Wednesday.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
Haruki Murakami TV adaptation revisits 30 years of watershed moments
Though Haruki Murakami's trademark whiff of offbeat existentialism is threaded throughout NHK's "After the Quake," the final episode — conceived as a sequel to the story "Super-Frog Saves Tokyo" — is the most stylized, featuring an anthropomorphic talking frog (voiced by Non) and his erstwhile associate Katagiri (Koichi Sato).
A new human trafficking trend emerges from Myanmar scam centers
Victims of scam centers who were tricked or trafficked into working in Myanmar gather at a compound inside KK Park, a fraud center on the country's border with Thailand, after a multinational crackdown in February.
Meiji says sayonara to bottled milk, a staple of Japan's bathhouses
Meiji bottled milk lined up in a fridge at Kosugiyu, a bathhouse in Tokyo. The sticker urges patrons to enjoy the milk one last time before it’s gone.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
On defense, Japan may avoid Trump's worst impulses — for now
Defense Minister Gen Nakatani and U.S. Secretary of Defense Pete Hegseth chat after reviewing an honor guard during a welcome ceremony at the Defense Ministry in Tokyo on Sunday.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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Longform

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By Johan Brooks

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