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November 24, 2024
 

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GLOBAL ECONOMY

Anti-capitalist protesters with Occupy San Francisco take part in a demonstration on the streets of the Californian city in October 2011.
COMMENTARY / World
Mar 10, 2024
The economic future of our overworked grandchildren
While John Maynard Keynes predicted a future of leisure and abundance, the world has seen an increase in wealth disparity and a culture of overwork.
Many countries including the U.S. and China are prioritizing domestic production and shortening supply chains to enhance economic self-reliance — but they are doing so at the risk of fueling systemic instability and intensifying great-power tensions.
COMMENTARY / Japan
Mar 10, 2024
Economic self-reliance is a dangerous delusion
Countries around the world have given high priority to shortening supply chains, rebuilding domestic production capacity and diversifying suppliers.
Climate protesters interrupt a campaign event for former U.S. President Donald Trump in Indianola, Iowa, on Jan. 14.
COMMENTARY / World
Mar 10, 2024
What would a Trump win mean for the climate?
Even if Trump wins and tries to take a wrecking ball to climate policies, he ultimately can't derail the renewables revolution gaining momentum in the U.S.
Research from the International Monetary Fund suggests that gains from fully closing the gender gap in labor markets could increase gross domestic product in developing economies by 23% on average.
COMMENTARY / Japan
Mar 8, 2024
The economic power of gender equality
There is ample empirical research demonstrating that gender equality delivers better results for people, for the planet and for profits.
Bitcoin showed its boom-or-bust character Tuesday with volatile price swings.
BUSINESS / Markets
Mar 6, 2024
Record surge marks new revival for Bitcoin
The cryptocurrency has experienced a breathtaking rebound this year amid strong demand from new U.S. exchange-traded funds.
Chinese leader Xi Jinping attends the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on Tuesday.
BUSINESS / Economy / ANALYSIS
Mar 6, 2024
As Xi summons 'new productive forces,' old questions linger for economy
By focusing on the prospect for future growth, the slogan shifts the focus from China's present economic difficulties.
The world needs to avoid the mistakes and pitfalls that go with providing debt relief and should craft sustainable solutions for financially distressed nations. 
COMMENTARY / World
Mar 1, 2024
Developing countries’ never-ending debt crisis
Creditors have a role in resolving debt crises. This means all eyes are on China, which is the single most important creditor for debt distress.
Indian Prime Minister Narendra Modi addresses the public on the outskirts of Varanasi, India, on Feb. 23.
ASIA PACIFIC
Mar 1, 2024
India posts surprise 8.4% surge in growth ahead of elections
The government predicts growth will reach 7.6% in the fiscal year through March, higher than an earlier projection of 7.3%.
A firefighter walks on mud and rocks from a mudslide during a storm in Los Angeles on Feb. 5.
ENVIRONMENT / Climate change
Feb 29, 2024
U.S. and Philippines pay highest economic price for climate-fueled weather
The U.S. currently experiences the worst losses in absolute terms: about $97 billion annually.
U.N. Secretary-General Antonio Guterres says the international community is currently experiencing "gridlock" and suffering "colossal global dysfunction.”
COMMENTARY / World
Feb 28, 2024
No one wins in a lose-lose world
Fragmentation of the world economy could derail growth, especially in low-income countries, turning zero-sum thinking into a self-fulfilling prophecy.
There is a global trend toward economic bifurcation with the U.S. and China leading the charge — and multinational solutions are needed to address the new challenges.
COMMENTARY
Feb 28, 2024
The inexorable movement toward a divided global economy
Efforts to protect national economies from threats require multinational solutions. Chains are only as strong as their weakest link.
Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala addresses the 13th WTO Ministerial Conference in Abu Dhabi on Monday.
BUSINESS / Markets
Feb 26, 2024
WTO seeks modest outcome in UAE at 'critical juncture' for global trade
The stated goals is to set new global commerce rules, but even its ambitious chief Ngozi Okonjo-Iweala sought to curb expectations.
U.S. President Joe Biden announces new provisions in March 2022 requiring the government to buy more made-in-America goods.
COMMENTARY / World
Feb 26, 2024
Biden doesn’t get why we need the WTO
What do Biden and Trump have in common? Protectionism. As a result, the 13th WTO ministerial conference underway in Abu Dhabi is doomed to fail.
Members of the 31st Separate Mechanized Brigade fire at a Russian target in the Donetsk region of eastern Ukraine on Tuesday. Since Russia's invasion of Ukraine in February 2022, the United States and China and their allies are pulling apart, World Trade Organization economists say.
BUSINESS / Economy / ANALYSIS
Feb 23, 2024
Global trade rift widening as Ukraine war passes two-year mark
There are clear signs that the global economy is fragmenting into two separate blocs, World Trade Organization economists say.
Laws governing global e-commerce and the growing tidal wave of data that crosses borders may soon change.
BUSINESS / Companies
Feb 22, 2024
Streaming a movie abroad may soon come with taxes at the border
It's still unclear exactly how governments would implement digital tariffs.
As their popularity grow, Shein and Temu together send almost 600,000 packages to the U.S. every day.
BUSINESS / Companies
Feb 22, 2024
Rise of fast-fashion Shein and Temu roils global air cargo industry
Their pursuit of limited air-cargo space to woo consumers with rapid transit times make off-peak seasons almost disappear and cause capacity shortages.
Japan's fall to No. 4 in the global economic rankings reflects an aging population and declining resources.
COMMENTARY / Japan
Feb 20, 2024
Japan slips in the global economic rankings: So what’s next?
The IMF has forecast that India will overtake Japan economically in 2026 and Germany in 2027.
In the U.S., proof that inflation remains sticky and the labor market sound has convinced traders to embrace the Federal Reserve’s pushback against market bets on near-term easing.
BUSINESS / Economy
Feb 19, 2024
Cracks start to emerge in global central bank synchronicity
The synchronization among central banks might be about to weaken as domestic drivers take over from global trends in determining price outlooks.
The U.K. economy has been hamstrung by the worst cost-of-living crisis in generations, as well as interest rate increases.
BUSINESS / Economy
Feb 16, 2024
U.K. recession deals fresh blow to Rishi Sunak’s economic promises
Statistics showing the GDP contraction emerged at a particularly bad time for the U.K. prime minister, with two by-elections taking place in England.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024
IMF and World Bank warn Gaza and Red Sea chaos imperils global economy
The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
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

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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