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April 04, 2025
 

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GLOBAL ECONOMY

Japan Times
COMMENTARY / World
Dec 27, 2020
2020’s retail wipeouts warn of permanent pain
The 10 largest public U.S. firms that are either clothing retailers or department stores will have $38 billion of revenue wiped out this year, or 23% of their collective 2019 sales.
Japan Times
BUSINESS / Economy
Dec 26, 2020
China to leapfrog U.S. as world's biggest economy by 2028, report says
China will overtake the United States to become the world's biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think tank said.
Japan Times
COMMENTARY / World
Dec 18, 2020
Biden should look to Obama's Asia-Pacific trade strategies
As president-elect Joe Biden prepares for his inauguration, the international community is anticipating how the incoming administration will approach free trade.
Japan Times
COMMENTARY / World
Dec 16, 2020
Going the last mile — Brexit myths and truths
That negotiators cannot overcome a few obstacles leaves the public bewildered. Clearly, in the words of the British Prime Minister, Boris Johnson, there has been 'a failure of statecraft.'
Japan Times
COMMENTARY / World
Dec 13, 2020
The COVID-19 debt dogs that didn’t bark
The expected financial tsunami crisis never arrived. Just six countries have defaulted on their sovereign debt, and only Argentina and Ecuador have restructured their debts.
Japan Times
BUSINESS / Economy
Dec 9, 2020
Japan firms' winter bonus payments face biggest fall since 2009, Nikkei survey says
The drop would exceed the 5.37% decline in summer bonus payments, according to the Nikkei, showing how the strain on corporate profits from the pandemic is spreading to households.
Japan Times
COMMENTARY / World
Dec 9, 2020
The pandemic public-debt dilemma
Extraordinary times call for extraordinary measures. Failing bold action, developing countries could be on track to lose years or even decades of progress in the post-pandemic world.
Japan Times
COMMENTARY / Japan
Dec 9, 2020
Prime Minister Suga makes a $708 billion bet on political survival
The government's fiscal response to the pandemic already dwarfs measures taken after the global financial crisis, as well as the earthquake and tsunami of 2011.
Japan Times
COMMENTARY / World
Dec 7, 2020
RCEP has its limits when it comes to saving multilateral trade
The RCEP's real significance lies in China's participation. It is the first regional multilateral trade agreement the country has joined.
Japan Times
COMMENTARY / World
Dec 6, 2020
Is Wall Street ready to work on China time?
Many of the Chinese blue-chips have secondary listings in Hong Kong so stockholders should hold on to their shares because that's how they can continue to chase the China dream.
Japan Times
COMMENTARY / World
Dec 4, 2020
What Africa needs now is its own Japan or Singapore
What Africa might need is its own Japan — a pioneering country that can industrialize first, and then invest in the rest of the continent.
Japan Times
COMMENTARY / World
Nov 27, 2020
Coronavirus is helping African economies compete
Africa's 54 countries now include seven of the globe's 10 fastest-growing economies, in part because the lethal virus may have improved their competitive advantage.
Japan Times
BUSINESS / Economy
Nov 24, 2020
World economy risks buckling into 2021 despite vaccine nearing
Economists say it wouldn't take much for the U.S., euro area and Japan to each contract again either this quarter or next.
Japan Times
BUSINESS / Companies
Nov 20, 2020
U.S. firms turn upbeat on China after Biden win, survey shows
The survey, conducted Nov. 11-15, showed 54.8% of the respondents have become more upbeat about their business prospects in China.
Japan Times
JAPAN / Politics / EXPLAINER
Nov 15, 2020
What does RCEP mean for Japan and its Asian neighbors?
On Sunday, 15 nations in the Asia-Pacific region signed the world's newest multilateral trade deal, the massive Regional Comprehensive Economic Partnership.
Japan Times
COMMENTARY / World
Nov 2, 2020
Why emerging markets are wary of a modern monetary fix
For countries that pass the threshold conditions, MMT says the only real constraint on government spending is inflation.
Japan Times
BUSINESS / ANALYSIS
Oct 29, 2020
As COVID-19 persists and U.S. poll nears, China's growth lifts Asia
China is now the only major economy forecast by the International Monetary Fund to report growth — of 1.9% — this year.
Japan Times
BUSINESS
Oct 26, 2020
China’s new growth plan may push economy past U.S. within decade
The country's 14th five-year plan is expected to center around technological innovation, economic self reliance and a cleaner environment.
Japan Times
BUSINESS / Economy
Oct 19, 2020
China’s economy accelerates, broadening global recovery from pandemic
Underpinning the recovery has been an aggressive containment of the coronavirus that has allowed factories to quickly reopen.
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’s leader didn’t read the job description
Prime Minister and ruling Liberal Democratic Party leader Shigeru Ishiba is facing a political funding scandal that has damaged his reputation and sparked speculation that internal efforts to remove him are underway.
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).
Nintendo to launch the Switch 2 on June 5
The controllers for the Switch 2 will attach to the console magnetically rather than sliding on rails as with the original device.
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.

Podcast

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

Longform

Professional cleaner Hirofumi Sakurai takes a moment to appreciate some photographs in a Gotanda apartment whose occupant died alone.
The last cleanup: Life and death in a lonely Japan
By Johan Brooks

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