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November 25, 2024
 

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INFLATION

The government will introduce a new business trip allowance system for civil servants in April, under which up to ¥19,000 will be paid for a stay in Tokyo.
JAPAN / Politics
Oct 31, 2024
Up to ¥19,000 eyed to cover Tokyo hotel costs for government workers
The payment cap will be set at ¥19,000 for hotels in Tokyo and at ¥13,000 for those in Osaka Prefecture.
After a two-day meeting of the Bank of Japan policy board ends on Thursday, Gov. Kazuo Ueda is likely to stick to the script and repeat almost verbatim his previous remarks.
BUSINESS / Markets
Oct 30, 2024
Bank of Japan set to stay course with Ueda seen sticking to script
Deviations from expectations in the statement could have an impact on markets, analysts say.
Bank of Japan Gov. Kazuo Ueda responds to questions during a governors talk on Japanese inflation and monetary policy at the International Monetary Fund and the World Bank Group meeting in Washington on Wednesday.
BUSINESS / Economy / ANALYSIS
Oct 28, 2024
BOJ on quest for better communication as more rate hikes loom
Communicating in a unified voice could prove challenging if each policymaker interprets data differently.
Core consumer prices in Japan's capital rose 1.8% in October from a year earlier, slipping below the central bank's 2% target for the first time in five months.
BUSINESS / Economy
Oct 25, 2024
Tokyo inflation slows below 2% ahead of election and BOJ meet
Consumer prices excluding fresh food rose 1.8% in the capital in October.
Leaders of the three major business groups — Keidanren, Keizai Doyukai and the Japan Chamber of Commerce — meet Prime Minister Shigeru Ishiba on Oct. 4 in Tokyo.
BUSINESS / Economy
Oct 24, 2024
¥1,500 minimum wage or bust, Japanese companies told
Managers unable to keep up with the minimum-wage increase schedule “are unfit for their positions,” Keizai Doyukai Chair Takeshi Niinami has said.
Ramen shop Menya Taisei's owner Taisei Hikage cooks ramen at his shop in Tokyo.
BUSINESS / Economy
Oct 24, 2024
Japan's rising ramen prices give election voters food for thought
The problems facing ramen shop owners reflect a cost-of-living crunch that has become a top issue for voters in the general election on Sunday.
Most economists expect the Bank of Japan to keep its benchmark interest rate unchanged during their policy meeting next week.
BUSINESS / Economy
Oct 24, 2024
BOJ watchers believe rate hike unlikely now as half brace for year-end shift
Analysts will be closely watching for policy hints from a two-day meeting that ends on Oct. 31, a few days after Prime Minister Shigeru Ishiba’s first general election.
Senior IMF official Vitor Gaspar speaks during an interview in Washington last Friday.
BUSINESS / Economy
Oct 24, 2024
IMF official warns Japan of debt deterioration in event of future shock
The IMF predicts that Japan's debt will exceed 250% of its gross domestic product this year before gradually decreasing.
Bank of Japan Gov. Kazuo Ueda speaks during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS
Oct 24, 2024
Ueda says right-sizing BOJ normalization ‘keeps me awake 24/7’
Ueda and his fellow board members are widely expected to keep their benchmark rate unchanged at the next policy meeting, ending Oct. 31.
People from Thailand look at used smartphones in Tokyo's Akihabara district in October 2022.
BUSINESS / Markets
Oct 23, 2024
Japan's secondhand smartphone market booms as households struggle
Sales of used goods in Japan have grown rapidly as households struggle to make ends meet.
High construction costs due to rising material and labor costs continue to push up sales prices of new condominiums.
BUSINESS / Economy
Oct 22, 2024
Tokyo-area condo price hits new high in first half of fiscal 2024
The average price in the area, which includes Tokyo, Saitama, Kanagawa and Chiba, rose 1.5% from ¥78.36 million a year earlier.
Debt-laden companies in Japan are rapidly growing in number, in some measures even faster than in 1992 after the collapse of its asset price bubble.
BUSINESS / Companies
Oct 22, 2024
Zombie companies may finally succumb to bankruptcy on BOJ hikes
Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by Tokyo Shoko Research showed earlier this month.
Japan's core inflation slowed in September due to the rollout of energy subsidies.
BUSINESS / Economy
Oct 18, 2024
Japan’s inflation slows for first time since April
The slowdown in price gains largely hangs on government subsidies.
Prime Minister Shigeru Ishiba greets voters in Nihonmatsu, Fukushima Prefecture, on Tuesday, as campaigning for the Oct. 27 Lower House election kicked off.
JAPAN / Politics
Oct 17, 2024
Parties pledge household support without debates on funding
Almost all the parties made pledges to raise the minimum wage.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Oct 16, 2024
Bank of Japan policymaker calls for 'very moderate' pace of rate hikes
There are doubts about whether Japanese firms will keep sufficiently raising wages next year due to lingering global risks.
Organic, unpasteurized butter is prepared at a milk farm in Saint-Colomban, near Nantes, France, in 2017.
BUSINESS / Markets
Oct 15, 2024
Bakers brace for costly Christmas as butter prices surge
Strong demand, tight supply and dairy processors' preference to use more milk for more profitable products such as cheese have driven the price surge.
Yoshihiko Noda, head of the Constitutional Democratic Party of Japan, speaks during a party leaders' debate at the Upper House of parliament in Tokyo on Wednesday.
BUSINESS / Economy
Oct 11, 2024
Opposition party shakes up Japan’s rate debate with new inflation target
The Constitutional Democratic Party of Japan calls for redefining the Bank of Japan’s inflation target to “above 0%” from the current 2%.
The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 2.8% in September from a year earlier.
BUSINESS / Economy
Oct 10, 2024
Japan's wholesale inflation perks up, while yen rise eases cost pressure
The decline in import costs will likely shift the BOJ's attention to whether a more demand-driven rise in inflation takes hold in the country.
To lessen the impact from any shocks, including a U.S. economic slump, Mizuho has been buying Treasurys and other assets that are easier to sell or hedge against price falls.
BUSINESS / Companies
Oct 9, 2024
Mizuho choosing liquid assets, bracing for risk of failed U.S. soft landing
Market participants appear overconfident that U.S. policymakers will be able to tame inflation without causing a recession, the bank's co-head of global markets has said.
Finance Minister Katsunobu Kato attends an interview with media outlets at the Finance Ministry on Monday.
BUSINESS / Economy
Oct 7, 2024
Japan's new finance minister vows to finish the job as deflation czar
Katsunobu Kato's message indicates that financial conditions might remain accommodative for some time.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
Japan to aid introduction of multilingual ride-hailing apps
A Nihon Kotsu Co. taxi departs one of the company's service offices in Tokyo.
Seven & I founding family sounded out KKR and others about buyout: report
A 7-Eleven convenience store in Tokyo
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
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.”

Podcast

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

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
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By Kathryn Wortley

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