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November 24, 2024
 

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GLOBAL ECONOMY

Outside of some activist movements pressing governments for more climate action, global warming is not yet at the heart of the political agenda in most countries.
COMMENTARY / World
Apr 17, 2024
Climate change is political and we must treat it that way
Climate action hasn't made its way onto mainstream political agendas in most countries, to the detriment of our collective ability to solve the crisis.
Shoppers at the Dadar market in Mumbai, India. Indian equities now trade at around 23 times next year’s expected earnings, exceeding even the U.S.
BUSINESS / Markets
Apr 16, 2024
‘Expensive’ India lures investors avoiding China risks
Powerful rallies in Indian and Japanese equities during China’s slump have reset Asia’s financial-market landscape.
Prime Minister Fumio Kishida and U.S. President Joe Biden during a joint news conference at the White House on Wednesday
BUSINESS / EXPLAINER
Apr 15, 2024
Biden-Kishida summit drives home U.S.-Japan economic union
The leaders used their meeting to bake economic cooperation into the allies' relationship in hopes of making it harder to pull out of in the future.
German Chancellor Olaf Scholz (left) with Chinese leader Xi Jinping in Beijing in November 2022. Scholz is travelling to China again this week with the goal of shoring up economic ties with Germany's biggest trading partner.
COMMENTARY / World
Apr 15, 2024
An EV trade war with China would be an own goal for carmakers
As German Chancellor Scholz visits China this week, he should push for stronger ties between Chinese and European automakers, especially in the EV market.
A brine pool at an SQM lithium mine on the Atacama salt flat in the Atacama Desert, Chile. The industry that deals with one of the world’s most important commodities is asking whether it's doomed to repeat a boom and bust cycle again and again.
BUSINESS / Markets
Apr 12, 2024
Lithium industry braces for long-term oversupply after price instability
Those involved with the commodity are asking whether they're doomed to repeat a boom and bust cycle again and again.
This video screen grab shows a refinery in Ryazan, Russia, that Ukraine attacked in a drone strike last month.
COMMENTARY / World
Apr 12, 2024
Ukraine’s drone attacks light a fuse under global oil supplies
At least 10 refineries have been hit so far. About 13% of Russia’s capacity has been knocked offline, analysts at RBC Capital Markets estimate.
The problem many developing countries have in repaying their debts might be even bigger than the world realizes, as many sovereign debts are hidden.
COMMENTARY / World
Apr 10, 2024
Tackling the world’s hidden debt problem
Low-income countries are struggling to repay their debts. Better transparency and accounting systems could help them tackle this challenge.
NATO’s Jens Stoltenberg (left) and the U.S. Secretary of State Antony Blinken during a news conference in Washington on Jan. 29
WORLD / Politics
Apr 9, 2024
World rush to rearm could cost G7 countries $10 trillion over next decade
Security challenges include an aggressive Russia, a volatile Middle East, and the Chinese military tugging U.S. attention toward the Pacific.
U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang at the Great Hall of the People in Beijing on Sunday.
BUSINESS / Economy
Apr 7, 2024
Yellen and Li express hope for U.S.-China cooperation
The U.S.-China relationship can only move forward with direct and open communication, Treasury chief Janet Yellen told Premier Li Qiang.
Developing nations feel that international trade rules favor developed countries and undermine their interests, particularly in areas like agriculture and fishing subsidies.
COMMENTARY / World
Apr 5, 2024
Why have developing countries soured on multilateralism?
The efforts of advanced economies to link trade agreements to labor and environmental standards could disadvantage developing nations.
Japan's law-abiding pedestrian culture and norms may help explain its economic performance.
COMMENTARY / World
Apr 3, 2024
The economic consequences of legal behavior
There is a complex relationship between cultural norms, legal systems and economic development.
Employees work at a factory that produces LED displays in Huaian, in eastern China's Jiangsu province, on Thursday.
BUSINESS / Economy
Mar 31, 2024
China factory activity expands for first time in six months
The official manufacturing purchasing managers index rose to 50.8 from 49.1 in February, the National Bureau of Statistics said in a statement Sunday.
Instead of entering its recent operating loss as negative retained earnings, the European Central Bank treated it as a positive asset on its balance sheet, which is being criticized as misleading.
COMMENTARY / World
Mar 28, 2024
Central banks need to be more transparent about losses
The ECB, Fed and other central banks would do well to abandon financial machinations, work out recapitalization agreements and prepare for large losses.
Indian Prime Minister Narendra Modi prepares to address a joint session of parliament in New Delhi in June 2019.
COMMENTARY / World
Mar 27, 2024
Making sense of society
In a world that is becoming fragmented within and across countries, it is easy to lose hope for social and economic progress.
The Dali cargo vessel that crashed into the Francis Scott Key Bridge, causing it to collapse in Baltimore, Maryland, on Tuesday
BUSINESS
Mar 27, 2024
Baltimore’s freak bridge collapse reverberates from cars to coal
The aftermath of the bridge’s collapse throws another spotlight on the fragile nature of global supply chains.
Though renewable energy can significantly reduce carbon emissions, if growth remains the global economic imperative, increased energy use will prevent us from reaching decarbonization goals.
COMMENTARY / Japan
Mar 25, 2024
A call for economic degrowth
To achieve the systemic change needed to tackle the climate crisis, we must abandon GDP as the measure of social progress. This is what degrowth calls for.
Despite vast coal reserves, China has always been geopolitically vulnerable on the energy front.
COMMENTARY / World
Mar 24, 2024
China navigates myriad of energy-driven challenges
Rising fuel prices are a thorn in the China's side amid deflation concerns.
Customers make a toast at an eatery in Tokyo. Many view Japan’s economy as being on the rise, and that of regional powerhouse China as declining. But how accurate is this narrative?
COMMENTARY / Japan
Mar 18, 2024
Japan is back, China is over. The trouble with narratives.
The idea that Japan and China's roles have flipped, with the former on the rise and the latter in decline, obfuscates important facts and trends.
Nigerian naira being counted in Lagos, Nigeria. Cash transfers offer a transformative solution to multidimensional poverty.
COMMENTARY / World
Mar 15, 2024
A global cash transfer fund could end extreme poverty
Cash transfers offer a transformative solution to multidimensional poverty, and are aided by improvements in internet and phone coverage.
China’s greenhouse footprint can be boiled down to three factors: its economic growth, the energy intensity of that growth and the carbon intensity of that energy.
COMMENTARY / World
Mar 7, 2024
China’s growth ambitions will erase the world’s climate gains
Global greenhouse pollution hit a record and increased 1.1% last year, the International Energy Agency reported. That was almost entirely a China story.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
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.

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?
By Kathryn Wortley

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