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July 17, 2024
 

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JAPANESE ECONOMY

Japan Times
BUSINESS / Economy
Apr 20, 2020
Pandemic likely to cost more jobs in Japan than 2008 crisis, experts say
Some economists have predicted unemployment in Japan could rise by over a million within a year, surpassing the fallout from the 2008-2009 global financial crisis.
Japan Times
BUSINESS
Apr 19, 2020
Pandemic may force Japan to give up on RCEP agreement for 2020
Tokyo is likely to place a top priority on shoring up the nation's virus-hit economy for an extended period, making it tough to promote free trade agreements.
BUSINESS / Companies
Apr 17, 2020
More than 200 listed companies in Japan have cut forecasts
The COVID-19 pandemic has forced 217 listed Japanese companies to warn of lower profits and sales in the coming year, an increase of 35% from less than a week ago, researcher Teikoku Databank has said.
Japan Times
BUSINESS / Economy
Apr 16, 2020
COVID-19 stimulus response to boost Japan's GDP by up to 3.8%, Abe says
Prime Minister Shinzo Abe said Wednesday the government's latest emergency package to cushion the fallout from the coronavirus outbreak will boost the economy by up to an annualized 3.8 percent in real terms.
Japan Times
BUSINESS
Apr 14, 2020
Retailers in Japan brace for tough year as virus hits consumption hard
Recent decisions by major retailers including Seven & I Holdings Co. and Takashimaya Co. to forego the release of earnings guidance due to the coronavirus outbreak highlights the seriousness of Japan's consumption slump.
BUSINESS / Economy
Apr 10, 2020
Wholesale prices in Japan fell 0.4% in March on waning demand for crude
Wholesale prices in March fell 0.4 percent compared with a year ago as the global spread of COVID-19 weighed on a wide range of economic activities, the Bank of Japan said Friday.
Japan Times
BUSINESS / Economy
Apr 10, 2020
For first time in 11 years, BOJ lowers forecast for all Japan regions
The Bank of Japan cut its assessment of the nation's nine regional economies in light of the damage caused to production, consumption and corporate finances by the coronavirus pandemic, with new emergency restrictions set to add to the pain.
Japan Times
BUSINESS
Apr 10, 2020
Virus pandemic pushes Japan’s shoppers to finally buy online
Now that the government is urging consumers and businesses to step up efforts to contain the coronavirus outbreak, shoppers may finally have no excuse but to embrace e-commerce and wean themselves from brick-and-mortar stores.
Japan Times
BUSINESS / Economy
Apr 9, 2020
Japan economy watcher sentiment at record low amid virus outbreak
Business sentiment among workers in Japan with jobs sensitive to economic trends fell to the lowest level on record in March due to concern over the ongoing spread of the coronavirus, government data showed Wednesday.
Japan Times
BUSINESS / Economy
Apr 9, 2020
Coronavirus having serious impact on Japan economy: BOJ chief
Gov. Haruhiko Kuroda said COVID-19 has weighed on the country's economy as exports, output and spending declined, as did the number of inbound tourists.
Japan Times
JAPAN / Politics / ANALYSIS
Apr 8, 2020
Behind the scenes, an LDP power struggle over record-size economic package
As the Cabinet approved a record-breaking emergency stimulus package Tuesday, the deep-seated rivalries it has amplified within the ruling Liberal Democratic Party were hidden from view.
Japan Times
BUSINESS / Companies
Apr 8, 2020
Coronavirus forces Japanese firms to weigh hybrid online-offline shareholders meetings
Corporate law requires firms to set a physical venue for the meeting, but the government has confirmed online options are legal — with a caveat.
Japan Times
BUSINESS / Companies / FOCUS
Apr 8, 2020
Skeptical economists call Japan's largest-ever stimulus package 'puffed up'
To counter the economic crisis caused by the global coronavirus pandemic, Japan adopted on Tuesday its largest-ever emergency economic package worth ¥108 trillion, equivalent to about 20 percent of its gross domestic product.
Japan Times
BUSINESS / Economy
Apr 8, 2020
Japan to contract at 25% rate despite stimulus, Goldman Sachs predicts
Even with a record stimulus package, Japan’s economy is heading toward a record contraction of 25 percent this quarter after Prime Minister Shinzo Abe declared a state of emergency in Tokyo, Osaka and some other parts of the country, according to Goldman Sachs.
Japan Times
BUSINESS
Apr 8, 2020
Japan's current account surplus grows as coronavirus hits imports
Japan saw its biggest current account surplus in nearly two years in February as goods imports plummeted due to coronavirus-related factory closures in China, government data showed Wednesday.
Japan Times
BUSINESS / Economy
Apr 8, 2020
Machinery orders rose in February, but Japan warns virus punch to come
Japan's core private-sector machinery orders rose 2.3 percent in February from the previous month for a second straight monthly increase but the government retained its assessment Wednesday that orders are "stalling" with a coronavirus-linked contraction looming.
Japan Times
COMMENTARY / World
Apr 7, 2020
Coronavirus tests Abe’s leadership as economy stalls
The prime minister's economic package may look bold, but action comes late.
Japan Times
BUSINESS / Economy / ANALYSIS
Apr 7, 2020
Japan stimulus plan strengthens safety net, but experts split on handouts
Some economists say the financial aid should be focused on those in need while others say the proposed measure appears to be lacking fairness.
Japan Times
BUSINESS / Economy
Apr 7, 2020
Rush to buy masks and toilet paper slows Japan's decline in household spending
Consumer spending fell in February but at a slower than expected pace as households scrambled to buy protective masks, toilet paper and food staples amid the worsening COVID-19 pandemic.
Japan Times
BUSINESS
Apr 6, 2020
Abe unveils 'massive' coronavirus stimulus worth 20% of GDP
Prime Minister Shinzo Abe pledged Monday to roll out an unprecedented economic stimulus package equal to 20 percent of economic output as his government vowed to take "all steps" to battle deepening fallout from the coronavirus.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
China’s economic growth comes in worse than expected
Pedestrians in the Wangfujing shopping area in Beijing on July 11, 2024. China's economic growth in the second quarter was lower than forecast, adding pressure on Chinese leaders to lift confidence at the Chinese Communist Party's third plenum this week.
Kansai airports to increase takeoff and landing slots ahead of Osaka Expo
Kansai International Airport in Izumisano, Osaka Prefecture. The upper limit on the number of takeoff and landing slots at the airport as well as Kobe Airport in Hyogo Prefecture will be raised in spring next year ahead of the 2025 World Exposition in Osaka.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

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Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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