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December 24, 2024
 

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JAPANESE ECONOMY

Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Oct. 31.
BUSINESS / Economy
Nov 9, 2023
BOJ debated groundwork for future easy-policy exit at meeting
The October discussions highlight how the central bank is looking to exit its decade-long accommodative regime.
The construction site of a new Taiwan Semiconductor Manufacturing Co. factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Economy
Nov 9, 2023
Japan set to earmark ¥2 trillion for chips in extra budget
Japan is in the midst of a spending spree to revive its chip industry with an aim to triple the sales of domestically produced semiconductors by 2030.
Prime Minister Fumio Kishida's approval ratings have dropped significantly with his economic stimulus package being met with disapproval.
COMMENTARY / Japan
Nov 7, 2023
Kishida is so unpopular, he can't even give money away
Kishida has seen his popularity plummet as his tax rebate leaves residents with the impression that it’s just a cynical ploy to win votes.
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS / Economy
Nov 7, 2023
Japan's wages and spending extend declines in test for BOJ policy
Japan's real wages dropped 2.4% in September from a year earlier.
BUSINESS
Nov 6, 2023
BOJ chief sees inflation progress but warns of uncertainty
Japan's economy is likely to continue recovering, but the outlook was "extremely uncertain," Bank of Japan Gov. Kazuo Ueda said.
Blackstone's headquarters in New York
BUSINESS / Companies
Nov 6, 2023
Blackstone sees most Asia deal activity in Japan and India in 2024
The world’s largest alternative asset manager expects India and Japan to be its most active markets in Asia next year based on capital allocation.
Major banks are set to raise interest rates on time deposits amid a rise in long-term government bond yields.
BUSINESS / Companies
Nov 3, 2023
Major Japanese banks begin to raise time deposit rates
Deposit rates have been at extremely low levels for many years under the BOJ's massive monetary easing.
Prime Minister Fumio Kishida is saluted by Maritime Self-Defense Force members during the International Fleet Review to commemorate the 70th anniversary of the foundation of the MSDF, at Sagami Bay, off Yokosuka, on Nov. 6, 2022.
JAPAN / Politics / FOCUS
Nov 3, 2023
Weak yen forces Japan to cut back on historic military spending
Officials and industry sources said Japan will begin cutting back on aircraft purchases in 2024, the second year of the buildup plan, due to the weak yen.
BUSINESS
Nov 2, 2023
Kishida unveils ¥17 trillion stimulus package amid pushback
A supplementary budget proposal — worth a total of ¥13.1 trillion — to back the package will be submitted to parliament in the upcoming weeks.
Every time Bank of Japan Gov. Kazuo Ueda has made an announcement since taking up his post, that information has appeared initially not in the public domain, but in the pages of the fourth estate.
COMMENTARY / Japan
Nov 2, 2023
Bank of Japan leaks are making an awful mess
Central bank decisions can move billions of dollars and with the BOJ, the closely watched outlier that it is, its conclusions have more impact than most.
JAPAN / Politics
Nov 1, 2023
Hotly debated tax cuts risk backfiring on Kishida administration
When Kishida announced plans to cut income and residence taxes to ease the hit from inflation, there was a chorus of skepticism rather than joy.
BUSINESS
Nov 1, 2023
BOJ’s Ueda gets reality check on yen in march to normalization
The yen unexpectedly weakened after the central bank loosened its grip on bond yields Tuesday.
Economy minister Yasutoshi Nishimura (center) is right to insist that economic security is linked to national power and determines the fate of the nation. REUTERS
COMMENTARY / World
Oct 31, 2023
Economic security demands attention and defies simple explanation
A global challenge: Resilience and innovation are key strategies in the pursuit of economic security.
BOJ Gov. Kazuo Ueda speaks during a news conference on Tuesday in Tokyo.
BUSINESS / Economy
Oct 31, 2023
Bank of Japan to allow 10-year yields to top 1%
The development is significant as the central bank has long maintained its strategy of buying up government bonds to control interest rates.
Japan's industrial output increased a smaller-than-expected 0.2% in September.
BUSINESS / Economy
Oct 31, 2023
Japan's September industrial production growth misses consensus
Factory output increased 0.2% from a month earlier, missing economist expectations of a 2.5% gain.
Prime Minister Fumio Kishida attends an extraordinary session at the Lower House of parliament in Tokyo on Oct. 23.
COMMENTARY / Japan
Oct 31, 2023
Prime Minister Kishida and a month of misery
The challenges Fumio Kishida faces are eroding confidence in his leadership and are likely to influence policy decision-making.
A vegetable store on the Asagaya shopping street in Tokyo on Sunday
BUSINESS
Oct 30, 2023
Japan warns Middle East situation could hit economy
The government added the developments in the Middle East to factors requiring close attention, as it "could pose a downside risk to the Japanese economy."
JAPAN / Politics
Oct 30, 2023
Kishida says tax hike and tax cut policies ‘don’t contradict’
“An (income tax cut) is a temporary measure until wages increase to a level that can cover rising prices," the prime minister said.
Many of Japan’s largest businesses are exporters that benefit from a weaker yen.
BUSINESS / Companies
Oct 30, 2023
Japan’s biggest firms set for $9.3 billion bonanza from weak yen
Many of Japan’s largest businesses are exporters that benefit from a weaker yen.
The Bank of Japan is holding a two-day policy meeting through Tuesday.
BUSINESS / Economy
Oct 30, 2023
Ueda faces market fallout risk as BOJ mulls yields, prices and yen
In a sign of just how fraught the discussions on policy may be, BOJ officials are likely to monitor yield movements until the very last minute.
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Japan accuses Google of violating antimonopoly law
The Japanese antitrust watchdog said that Google forced smartphone makers to preinstall its search app on their devices, sources say.
Okinawa people stage rally against sexual assaults by U.S. servicemen
Sorane Sakihama, a 22-year-old college student, speaks at a rally in the city of Okinawa on Sunday protesting against sexual assaults by U.S. soldiers.
Zelenskyy to replace Ukraine ambassador to Japan
Ukrainian Ambassador to Japan Sergiy Korsunsky delivers a speech during a handover ceremony of Self-Defense Force vehicles to Ukraine, at the Defense Ministry in Tokyo, in May last year.
Is Japan finally ready to tap its abundant geothermal energy potential?
Steam rises from a geothermal plan in Yuzawa, Akita Prefecture. Despite its long history and potential, geothermal provided just 0.3% of Japan's overall energy mix in the fiscal year from April 2023
A brief history of ‘osechi ryōri,' Japan's edible tradition for the new year
Japan's traditional New Year cuisine has a long history, though modern developments have led to slight changes in the way things work.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Is Japan finally ready to tap its abundant geothermal energy potential?
Steam rises from a geothermal plan in Yuzawa, Akita Prefecture. Despite its long history and potential, geothermal provided just 0.3% of Japan's overall energy mix in the fiscal year from April 2023
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
North Korea aiding Russia where it needs it most, Canadian general says
North Korean special forces soldiers march and shout slogans during a military parade marking the 105th birth anniversary of the country's founding father, Kim Il Sung, in Pyongyang in April 2017.

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Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
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