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July 17, 2024
 

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JAPANESE ECONOMY

Christine Lagarde (left), president of the European Central Bank, Kazuo Ueda, governor of the Bank of Japan (center) and Jerome Powell, chairman of the U.S. Federal Reserve, at the Jackson Hole economic symposium in Moran, Wyoming, on Friday
BUSINESS / Economy
Aug 27, 2023
BOJ chief says strategy backed by below-target inflation
Gov. Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current strategy.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Aug 25, 2023
Financial expert warns against delay in BOJ policy shift
Izuru Kato predicted that the BOJ will likely raise its short-term policy rate from below zero in "January or April next year."
The Tokyo core consumer price index rose 2.8% in August from a year earlier, slowing for the second straight month but remaining well above the central bank's 2% target.
BUSINESS / Economy
Aug 25, 2023
Inflation in Tokyo slowed in August but stayed above BOJ target
The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 2.8% in August from a year earlier.
A woman stands on one side of the wall texting in front of a nightclub while, on the other side of the wall, a man works in an izakaya.
PODCAST / deep dive
Aug 24, 2023
One night out in Tokyo
As the last trains leave the central hubs of Shinjuku and Shibuya for the suburbs, much of the city heads home. However, Tokyo never sleeps.
Staff from All Nippon Airways and a travel agency escort a Chinese tour group from Beijing upon their arrival at Haneda Airport in Tokyo on Wednesday.
BUSINESS / Economy
Aug 24, 2023
Will 'explosive spending' return to Japan with China group tours?
Hopes the tours will herald big returns clash with a struggling Chinese economy and Japan's controversial release of treated wastewater into the sea.
Hiromi Yamaji, chief executive officer of Japan Exchange Group, says the yen is too weak and its benefits for Japanese stocks are diminishing.
BUSINESS / Economy
Aug 24, 2023
Yen’s too weak and benefits are waning, Japan bourse chief says
The yen has slipped below the levels where Japanese officials intervened last September to rein in the weakness in the currency.
Prime Minister Fumio Kishida speaks to reporters at the Prime Minister's Office on Tuesday.
BUSINESS
Aug 23, 2023
Kishida under pressure to spend even as debt costs rise
The prime minister pivoted away from his previous stance Tuesday by scrapping September-end plans to stop subsidies that cap gasoline prices.
The income gap remained wide among Japanese households in 2021, but the labor ministry said measures to keep unemployment low helped prevent the gap from widening further.
JAPAN
Aug 23, 2023
Japan's household income gap neared record high amid pandemic
A key parameter for measuring income inequalities, known as the Gini coefficient, came to 0.5700, worsening 0.0106 point from the previous study in 2017.
Robust demand from visitors for lodgings and rising prices in Japan create an ideal scenario to fuel a boom for investment in hotels.
BUSINESS
Aug 23, 2023
Goldman, KKR and Blackstone join investor rush for Japan hotels
Compared with before the pandemic, visitors to Japan are spending more, with most of that money going on lodgings and hospitality.
Bank of Japan Gov. Kazuo Ueda speaks to reporters after meeting with Prime Minister Fumio Kishida at the Prime Minister's Office in Tokyo on Tuesday.
BUSINESS / Economy
Aug 22, 2023
BOJ's Ueda meets Kishida but says yen volatility wasn't discussed
The talks took place after the dollar's recent ascent above ¥145, a level that last September triggered Japan's first yen-buying operation since 1998.
Kenya Koshimizu, senior executive at Mizuho Financial Group, speaks during an interview in Tokyo on Monday.
BUSINESS / Economy
Aug 22, 2023
Mizuho deferring JGB purchases as BOJ mulls policy exit: official
Banks face a looming inflection point as Japan's economy approaches policy normalization after years of little growth, weak spending and massive easing.
The Bank of Japan headquarters in Tokyo
BUSINESS
Aug 21, 2023
BOJ adjustments show strain as record bond buying continues
Doubling the effective cap on benchmark yields in December and again last month has yet to significantly reduce the central bank's purchases.
Prime Minister Fumio Kishida speaks at a government task force meeting on coronavirus response on Jan. 27.
JAPAN
Aug 20, 2023
Four-year outlays on COVID and inflation relief to hit ¥68.5 trillion
Prime Minister Fumio Kishida faces the urgent task of carrying out spending reforms as the world's third-largest economy recovers from the economic slump.
People work in an office where the majority of staff work remotely at the headquarters of Fujitsu in Tokyo in August 2020.
JAPAN / Society
Aug 19, 2023
Japan firms cut teleworking despite strong demand, survey shows
The ratio of workers using the telework system in Japan dropped to 22.2%, the lowest level since the coronavirus outbreak hit the country.
A meeting is held in Tokyo on July 28 to decide on the recommended minimum wages.
BUSINESS
Aug 18, 2023
Some minimum wage hikes in Japan to top government recommendation
The new minimum wages for fiscal 2023, which began in April, will take effect in stages beginning Oct. 1.
More investors in the Tokyo stock market are beginning to see higher pay as a useful barometer of a company’s strength.
BUSINESS / Markets
Aug 18, 2023
Stock pickers cheer for wage hikes in post-deflationary Japan
A group of companies that raised wages higher than many of their peers has outperformed the Topix index by 5 percentage points so far this quarter.
Japan's core consumer inflation slowed in July but remained above the Bank of Japan's price target for the 16th straight month.
BUSINESS
Aug 18, 2023
Japan’s 'sticky' inflation trend may keep BOJ on edge over prices
Prices excluding energy and fresh food increased 4.3% from the previous year, matching the record set in May, which was the fastest since 1981.
Containers in a shipping terminal at the Honmoku pier in Yokohama in June
BUSINESS / Economy
Aug 17, 2023
Japan logs first export decline in over two years
The value of exports fell in July from a year earlier, retreating for the first time since February 2021.
Kimono-clad visitors take selfie photographs at Kiyomizu Temple in Kyoto on Friday.
JAPAN
Aug 16, 2023
In July, Japan welcomed most overseas visitors since pandemic hit
The weak yen is helping to boost tourism and contribute to a surge in growth for the world's third-largest economy.
The Japan National Tourism Organization's booth at the Beijing International Tourism Expo in Beijing in June
BUSINESS / Economy
Aug 15, 2023
Return of Chinese group tours to Japan to bring economic boost
The average amount of spending by individual Chinese tourists is the second largest at ¥338,238, just behind ¥358,888 by travelers from the U.K.
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.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

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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