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July 16, 2024
 

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JAPANESE ECONOMY

Economy minister Yoshitaka Shindo said the government was currently not thinking about calling an end to deflation.
BUSINESS / Economy
Mar 5, 2024
Japan ministers deny report government thinking of calling end to deflation
Policymakers are focused on ensuring the economy doesn't revert to a protracted period of falling prices, they said.
The pickup in consumer prices largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
BUSINESS / Economy
Mar 5, 2024
Tokyo prices heat up again, supporting case for BOJ rate hike
Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%.
Japan's corporate spending on plants and equipment jumped 16.4% in the fourth quarter from a year earlier, government data shows.
BUSINESS / Economy
Mar 4, 2024
Japan corporate capex jumps, paving way for BOJ exit from stimulus
Capital expenditure rose 16.4% in the fourth quarter from a year earlier, and 10.4% on a seasonally adjusted quarterly basis.
Shiseido is aiming to cut about 1,500 jobs in Japan through early retirement program.
BUSINESS / Companies
Mar 4, 2024
Outliers in Japanese stocks’ bull run under pressure to downsize
A rising number of blue-chip Japanese companies are cutting staff — a move that used to be seen as a last resort.
Japan's benchmark 225-issue Nikkei average surpassed the 40,000 mark for the first time on Monday.
BUSINESS / Markets
Mar 4, 2024
Japan's Nikkei index surpasses 40,000 points for first time
The Nikkei’s smashing of previous records is credited in part to the weakness of the yen against the dollar.
A new future initiative aimed at training foreign workers is part of a broader strategy to address pressing labor shortages in Japan.
BUSINESS
Mar 3, 2024
Japan eyes training foreign workers amid labor shortages
The proposed training system will supersede the current foreign technical internship system.
A retail shopping area in Tokyo in February. A recent bout of inflation appears to have cleared the way for Japan to officially end its war on deflation.
BUSINESS / Economy
Mar 2, 2024
Japanese government may declare official end to deflation
A recent bout of inflation appears to have cleared the way for Japan to officially end its war on deflation.
Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024
Japan auto sales down almost 20% in February
The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
Prime Minister Fumio Kishida said the government would draw up a political policy package for the next three years or so for system reforms allowing the country's competitiveness and birthrate to improve by 2030.
BUSINESS / Economy
Mar 1, 2024
Japan may have lowest per capita GDP among major economies in 2060
The government estimate is likely to materialize if the country's productivity growth remains low as in recent years and the population continues to fall.
Japan's unemployment rate fell to 2.4% in January from 2.5% in the previous month, with economists suggesting that the current recession is making firms hesitant to increase job postings.
BUSINESS / Economy
Mar 1, 2024
Japan’s tight labor market to keep upward pressure on wages
The unemployment rate fell to 2.4% from a revised 2.5% a month earlier, the internal affairs ministry reported Friday.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference in Sao Paulo on Thursday.
BUSINESS / Economy
Mar 1, 2024
BOJ governor says price target not already in sight
Kazuo Ueda played down the significance of Japan’s slide back into a technical recession.
What is the BOJ hoping to achieve through tighter policy? The bank's governor, Kazuo Ueda, dissented in 2000, arguing then a hike was premature — and he was right. Why the change now.
COMMENTARY / Japan
Feb 29, 2024
Selling a rate hike during recession is tough. Good luck, Ueda.
What sounded like a statement of the obvious by Bank of Japan Gov. Kazuo Ueda last week — that a country where prices are rising by 2% is, in fact, experiencing inflation — has more to it than meets the eye.
Japan's factory output in January fell at the fastest pace since May 2020 due to a drop in automobile-related production.
BUSINESS / Economy
Feb 29, 2024
Japan factory output falls at the fastest pace in nearly four years
A production downturn in motor vehicles is also adding to concerns about the fragility of an economy that slipped into recession late last year.
The Bank of Japan is facing hardly any signs of opposition to scrapping its negative interest rate as the strongest price growth in decades weighs on households and businesses.
BUSINESS / Economy
Feb 28, 2024
BOJ should make straightforward policy shift, top finance professor says
Exiting policy should be like business as usual, said Hiroshi Yoshikawa, professor emeritus at the University of Tokyo and a friend of BOJ Gov. Kazuo Ueda.
Japan's benchmark Nikkei index is on a roll, having broken its bubble-era record last week.
COMMENTARY / Japan
Feb 27, 2024
What explains the recent surge in Japanese stock prices?
Japan needs for increase domestic capital investment, technological innovation and sound risk-taking to improve long-term competitiveness.
In early February, the Finance Ministry announced that government debt at the end of last year had reached a record high of ¥1.2 quadrillion.
JAPAN / Politics / FOCUS
Feb 27, 2024
With downfall of Abe faction, some see a shift in Japan’s debt debate
The faction has long promoted fiscal stimulus, but its demise combined with wider economic conditions could open up space for a different approach.
Japan's consumer price index for January rose 2% from a year ago, topping estimates to support the Bank of Japan's move to end its negative interest rate policy.
BUSINESS / Economy
Feb 27, 2024
January inflation topped forecasts, data shows, supporting BOJ policy shift
Consumer prices excluding fresh food rose 2% from a year ago, while prices of processed food gained 5.9% and prices for lodging increased by 27%.
Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
A screen in Tokyo shows the level of the 225-issue Nikkei stock average after it posted an all-time closing high on Monday.
BUSINESS / Markets
Feb 26, 2024
Japan’s Nikkei index sets record high for second consecutive day
The Topix was also up 0.49%, closing at 2,673.62.
Pedestrians look at an electronic board displaying the Nikkei index of the Tokyo Stock Exchange on a street in the Japanese capital on Thursday.
BUSINESS / Markets
Feb 24, 2024
Record-high Nikkei’s rise just getting started on foreign demand
Investors and strategists are also watching for a broadening of equities gains that may take the wider Topix index to an all-time high this year.
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.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
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.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
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.
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.

Podcast

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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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