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July 17, 2024
 

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GLOBAL ECONOMY

Japan Times
BUSINESS / Economy
Oct 12, 2022
IMF warns ‘worst is yet to come’ as steps to slow inflation raise risks
The IMF cut its forecast for global growth next year to 2.7%, from the 2.9% seen in July and 3.8% in January.
Japan Times
WORLD
Oct 12, 2022
Biden says ‘very slight’ recession possible, but downplays risk
The International Monetary Fund cut its U.S. growth forecast for 2022 to 1.6% and held it at 1% for 2023.
Japan Times
WORLD / Society
Oct 11, 2022
World failing to address 'dangerous' inequality after COVID-19, Oxfam says
The charity assessed 161 governments from 2020 to 2022, and found that half of the nations covered cut their spending on social protection and 70% slashed education.
Japan Times
WORLD
Oct 11, 2022
Bernanke and two academics win Nobel in economics for work on banks’ role in crises
Former Federal Reserve chair Ben Bernanke and economists Douglas Diamond and Philip Dybvig were awarded for their influential work on the relationship between banks and economic turmoil.
Japan Times
COMMENTARY / World
Oct 10, 2022
Young versus old will define fight over public pensions
The market rout is exposing the vulnerability of the U.S. public pension system. Inflation and the tight labor market will force the worst-hit states into some hard decisions.
Japan Times
COMMENTARY / World
Oct 7, 2022
The Saudi-Russian oil axis snubs the West with production cuts
Coming weeks before the U.S. midterm elections, many also see the move to cut oil production as a personal attack on President Joe Biden.
Japan Times
BUSINESS
Oct 7, 2022
Chipmakers see ‘breathtaking’ drop in demand as recession looms
Signs are piling up that the tech downturn may be deeper and longer-lasting than feared.
Japan Times
BUSINESS
Oct 6, 2022
In rebuke to West, OPEC and Russia aim to raise oil prices with big supply cut
U.S. President Joe Biden and European leaders have urged more oil production to ease gasoline prices and punish Moscow for its aggression in Ukraine.
Japan Times
COMMENTARY / World
Oct 5, 2022
Peak oil has finally arrived. No, really.
With the U.S. Fed's willingness to send the U.S. economy into a recession to bring inflation back on target, oil production may soon enter terminal decline as a result.
Japan Times
COMMENTARY / World
Oct 4, 2022
What stopped globalization?
With Russia's invasion of Ukraine, the economic “mutual assured destruction” that was supposed to safeguard globalization and deter decoupling apparently reached its limits.
Japan Times
BUSINESS
Oct 3, 2022
China tightens lending taps, leaving African markets vulnerable
Africa's largest bilateral creditor has been scaling back lending in the region amid its worsening growth woes.
Japan Times
BUSINESS
Oct 3, 2022
OPEC+ considering major production cut to prop up oil prices
A cut would also mark a major turnaround in policy for OPEC+, which includes Russia.
Japan Times
BUSINESS / Economy
Oct 2, 2022
World economy roiled by simultaneous shocks echoing 2007 anxiety
Evidence of the impact — and of the blow to consumers' purchasing power from soaring prices — is mounting quickly.
Japan Times
BUSINESS / ANALYSIS
Sep 30, 2022
U.S. has no appetite to intervene on behalf of falling pound or yen
The drop in the pound has largely been attributed to British spending plans that stretch the government's finances.
Japan Times
WORLD
Sep 28, 2022
Liz Truss takes a bold economic gamble. Will it sink her government?
Her Conservative Party is gripped by anxiety, with a new poll showing that the opposition Labour Party has taken a 17 percentage-point lead over the Tories.
Japan Times
BUSINESS / Economy
Sep 26, 2022
World economy jolted by war, with recessions now seen looming
The global economy will expand just 2.2% in 2023, the Paris-based OECD said Monday.
Japan Times
COMMENTARY / World
Sep 26, 2022
India’s long infatuation with Russia must end
In the face of growing Chinese belligerence, closer Beijing-Moscow ties augur ill for India, which should reconsider its long-standing strategic dependence on a weakening Russia.
Japan Times
BUSINESS / Economy
Sep 26, 2022
Crisis level risks loom in Asia as U.S. Fed rate pressure forces yen and yuan to sink
While others are digging deep into foreign-exchange reserves to mitigate the damage, the yuan and yen's slump threatens the region's mantle as a preferred destination for risk investors.
Japan Times
COMMENTARY / World
Sep 25, 2022
The various forms of worldwide climate inequality
While the climate crisis has devastating implications for all of us, it is the poor and vulnerable who are the first to suffer.
Japan Times
COMMENTARY / World
Sep 23, 2022
Capitalism and the queen
Throughout her life and reign, Queen Elizabeth II comported herself in the mold of the disinterested, dutiful 'impartial spectator' that Adam Smith had extolled.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
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.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

SUSTAINABLE JAPAN

Exploring Japanese culturevia Tohoku’s festivals
Exploring Japanese culturevia Tohoku’s festivals

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