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April 11, 2025
 

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JAPANESE ECONOMY

In a fresh aid package set to be compiled this month, the Japanese government will show its commitment to large-scale strategic support spanning several years in both areas, bearing in mind Rapidus, which has advanced into the Hokkaido region to mass-produce next-generation chips.
BUSINESS / Tech
Nov 9, 2024
Japan eyes ¥2 trillion for chips and AI in economic package
In the package, to be compiled this month, the government will show its commitment to large-scale support spanning several years in both areas.
Sanwa Koutsu's Kuroko Taxi service has drivers dressed in traditional stagehand garb communicate with passengers only through gestures and written messages.
LIFE / Lifestyle
Nov 9, 2024
The sound of silence: Japan's no-conversation services
“Constant social interaction can feel like torture for us introverts,” one customer says. "I think it’s a pretty smart business move."
Japanese household spending fell in September for the second straight month as higher prices choked consumers' appetite.
BUSINESS / Economy
Nov 8, 2024
Japan’s households cut spending once again as prices rise
Consumer spending in Japan has consistently failed to show clear signs of strength as shoppers have been forced to cope with prices increasing.
Bank of Japan Gov. Kazuo Ueda attends a post-policy meeting news conference at the central bank's headquarters in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 7, 2024
Trump victory might give Bank of Japan some room to maneuver
The Bank of Japan has been under pressure to keep monetary policy accommodative given the state of the economy and the tentativeness of the recovery.
The Finance Ministry noted firm private consumption in raising its economic assessments in the Kanto region and other areas.
BUSINESS / Economy
Nov 7, 2024
Government upgrades economic views for five regions
In a quarterly report, the Finance Ministry raised its views for the Kanto, Hokuriku, Tokai, Shikoku and Okinawa regions.
The pace of gains in Japanese workers' base pay quickened to 2.6% year on year in September, versus a 2.4% clip in August.
BUSINESS / Economy
Nov 7, 2024
Japan’s biggest base pay gains in 31 years support case for rate hikes
While base pay rose in September, real wages fell for a second straight month even as price gains slowed.
UA Zensen President Tomoko Nagashima addresses the labor union's meeting in Urayasu, Chiba Prefecture, on Wednesday.
BUSINESS
Nov 6, 2024
Japan’s UA Zensen union aims for continued 6% wage hike in 2025
UA Zensen’s target follows an announcement last month by Rengo that it will continue to aim for at least a 5% pay rise in the next round of negotiations.
During the Bank of Japan's September policy board meeting, some members pointed out that the central bank needs to more carefully communicate with the public to prevent a divergence between its views and those of investors.
BUSINESS / Economy
Nov 6, 2024
Bank of Japan board member moots Fed-style dot-plot projections
The dot plots show short-term rate projections of U.S. Federal Reserve officials.
A screen showing the yen's exchange rate against the U.S. dollar in July
BUSINESS / Economy
Nov 5, 2024
Yen is the first of many Japanese assets set to pivot on U.S. election
Given the size and liquidity of its markets, Japan will be in particular focus during the U.S. election.
Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund
BUSINESS / Economy
Nov 2, 2024
IMF Asia-Pacific chief urges Japan to start debt cuts
The leading IMF official called for Japan to "have a well fleshed-out, credible medium-term fiscal framework."
Tokyo's Ginza shopping district. In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the current fiscal year ending in March 2025 to 0.7% from 0.9% projected in July.
BUSINESS / Economy
Nov 1, 2024
Japan cuts growth forecast again for current fiscal year on weak exports
In its revised estimates, the Cabinet Office cut its inflation-adjusted GDP growth forecast for the year ending in March 2025 to 0.7% from 0.9% projected in July.
People use umbrellas during a hot summer day in Ginza, Tokyo, in August.
ENVIRONMENT / Climate change
Nov 1, 2024
Extreme heat takes big toll on work and elderly mortality in Japan: report
The annual Lancet Countdown report says the world is facing elevated threats in 10 of 15 health indicators due to climate change.
According to Teikoku Databank, the upcoming price increases can be attributed to higher material costs and will be led by processed food and snacks.
BUSINESS / Economy
Nov 1, 2024
Japan to see price hikes for 282 food products this month
The upcoming price increases can be attributed to higher material costs and will be led by processed food and snacks.
Krishna Srinivasan, director of the International Monetary Fund's Asia Pacific Department
BUSINESS / Economy
Nov 1, 2024
Japan must avoid issuing debt to fund fresh spending, IMF says
Prime Minister Shigeru Ishiba has pledged to compile another large-scale spending package to cushion the blow to households from the rising cost of living.
Gov. Kazuo Ueda has made it clear over the past few months that any monetary policy moves are dependent on inflation and growth data being aligned with forecasts.
BUSINESS / Economy
Oct 31, 2024
Bank of Japan keeps policy rate steady at 0.25%, as expected
The central bank held its ground this week even as it faced considerable political and economic pressure and significant uncertainty on the horizon.
Democratic Party for the People Secretary-General Kazuya Shimba (left) and Liberal Democratic Party Secretary-General Hiroshi Moriyama meet in the Diet building in Tokyo on Thursday.
JAPAN / Politics
Oct 31, 2024
LDP and DPP inch closer together on economic policy cooperation
If their arrangement is successful, it would mean a majority of parliamentary votes for issues especially important to the DPP.
Japan's industrial production gained 1.4% from August, led by cars and chemical product manufacturers.
BUSINESS / Economy
Oct 31, 2024
Japan's September factory output beat estimates but was down year on year
While the figures were stronger than forecast, production was weak, and uncertainty over domestic and overseas demand clouds the outlook.
The number of female directors among firms in the Tokyo Stock Exchange’s prime market will need to more than double in the next six years to meet the government target of having women make up 30% of board members at major firms by 2030.
BUSINESS / Companies
Oct 31, 2024
Rush for female directors stumbles on weak pipeline in Japan
With almost no women rising to become internal directors, companies will have no choice but to recruit them from outside.
The price of gold offered by Tanaka Kikinzoku Kogyo rose ¥173 from Tuesday to ¥15,104 per gram, including tax.
BUSINESS / Economy
Oct 30, 2024
Gold prices in Japan top ¥15,000 per gram for the first time
Concerns about political uncertainty following next week's U.S. presidential election is another reason for people to buy gold.
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.
Takayasu’s latest heartbreak makes sumo history
Takayasu during the one-day Annual Sumo Tournament at the Ryogoku Kokugikan in Tokyo on Feb 9, 2020
Trump's tariff gambit leaves Asia stunned and scrambling
U.S. President Donald Trump speaks as he attends the National Republican Congressional Committee dinner in Washington on Tuesday. Trump allowed new tariffs — including a 24% levy on Japan — to go into effect as scheduled on Wednesday.
Tokyo cheers Trump’s tariff U-turn with second-biggest market gain ever
U.S. President Donald Trump looks on after signing an executive order in the Oval Office of the White House on Wednesday in Washington.
Banks freeze withdrawals for foreign nationals upon expiration of visas
Foreign residents who fail to renew their residential statuses before their expiry may find that they won’t be able to withdraw cash from their bank accounts.
Japanese badminton ace Shida blasts 'stalker' Chinese fans
Chiharu Shida of Japan in action during the bronze medal match with Nami Matsuyama against Pearly Tan and Muralitharan Thinaah of Malaysia at the 2024 Olympic Games in Paris, France on Aug. 03, 2024
How police are cracking down on 'scout' sex broker groups
The skyline during sunset in Shinjuku, Tokyo. Japan's new underground criminal groups operate under a highly organized and brutal system.
Takayasu’s latest heartbreak makes sumo history
Takayasu during the one-day Annual Sumo Tournament at the Ryogoku Kokugikan in Tokyo on Feb 9, 2020
Who is Ryosei Akazawa, Japan's tariffs negotiator?
Economic revitalization minister Ryosei Akazawa, who Prime Minister Shigeru Ishiba has appointed Japan's tariff negotiator, is one of his closest allies and busiest ministers.
After a tumultuous buildup, a first look at the Osaka Expo
A large statue of Osaka Expo mascot Myaku Myaku sits near the east entrance of the event's venue in Yumeshima island, Osaka, on Wednesday.
Japan gets a new U.S. ambassador — and he has his work cut out for him
George Glass, U.S. President Donald Trump's pick to be ambassador to Japan, attends a Senate Foreign Relations Committee confirmation hearing in Washington on March 13.

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