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November 23, 2024
 

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SPENDING

Core machinery orders dropped 0.7% in September month-on-month, confounding economists' median estimates for a 1.9% rise and down for the second straight month.
BUSINESS / Economy
Nov 18, 2024
Japan's machinery orders see unexpected fall in September
The orders dropped 0.7% in September month-on-month, confounding economists' median estimates for a 1.9% rise.
Japan's economy expanded by an annualized 0.9% in the third quarter, data showed.
BUSINESS / Economy
Nov 15, 2024
Japan’s economy beats consensus in boost for BOJ rate hike case
Gross domestic product expanded at an annualized pace of 0.9% in the three months through September from the prior period, a tad higher than the 0.7% consensus estimate.
The streets of Suzu, Ishikawa Prefecture, in October show that the city is still struggling from the aftermath of the Jan. 1 earthquake and heavy rain in September.
BUSINESS / Economy / FOCUS
Nov 15, 2024
Japan faces urgent need to boost state finances for emergencies
If a major earthquake were to strike directly beneath Tokyo, the projected damage would total around ¥107.5 trillion.
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.
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."
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.
People from Thailand look at used smartphones in Tokyo's Akihabara district in October 2022.
BUSINESS / Markets
Oct 23, 2024
Japan's secondhand smartphone market booms as households struggle
Sales of used goods in Japan have grown rapidly as households struggle to make ends meet.
A supermarket in Narita, Chiba Prefecture, operated by Aeon. Shares of Aeon have extended their gains to 25% this year and reached a record high this week.
BUSINESS / Companies
Sep 13, 2024
Seven & I proposal fuels rally in Japanese retailers like Aeon
An increase in Japan’s consumer spending, which accounts for more than half of Asia’s second-biggest gross economy, is also supporting retailers.
The total cost of cooking curry rice has topped ¥300 for the 12th straight month and is expected to exceed ¥350 per serving in August, according to a survey.
BUSINESS / Economy
Sep 12, 2024
Making a bowl of curry rice at home now costs over ¥300, survey says
The cost of the budget-friendly dish hit a record ¥342 in July, up ¥44 from the same period last year, according to a survey.
Shoppers outside an office building in Beijing in August. China's overall public spending — which includes local governments — is shrinking, not growing. It contracted about 2% in the first seven months of 2024.
BUSINESS / Economy
Sep 12, 2024
China’s attempt to boost demand is stifled by wall of austerity
While finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, their counterparts in the provinces are in full belt-tightening mode.
Japan's household spending rose less than expected in July as consumers remained wary of loosening their purse strings in the face of higher prices.
BUSINESS / Economy
Sep 6, 2024
Japan’s household spending stays flat in signs of tepid growth
Spending on housing and education jumped from June figures, while outlays on transportation and food declined.
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024
Japan’s new prime minister must set fresh fiscal target, adviser says
Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
People at the Sensoji temple in Tokyo in July. The three months between June and August were 1.76 degrees Celsius hotter than average in Japan.
JAPAN / Boiling Point
Sep 2, 2024
Japan sees joint hottest summer on record
The three months between June and August were 1.76 degrees Celsius hotter than average, matching the record set only last year.
Japanese firms' capital expenditure rose 1.9% in the three months through June from the previous quarter.
BUSINESS
Sep 2, 2024
Japan’s firms lift outlays in sign of modest domestic demand
Capital expenditure on goods excluding software rose 1.9% in the three months through June from the previous quarter.
A store clerk tries to cool things down in front of their shop by spraying a hose.
BUSINESS / Economy / Longform
Aug 26, 2024
Is extreme weather changing the way Japan shops?
Intense heat and an increase in storms, by-products of a changing climate, are altering consumer behavior.
The Bank of Japan released minutes from its June policy board meeting Monday.
BUSINESS / Economy
Aug 5, 2024
Up rates before it’s 'too late,’ one BOJ policy board member said in June
Some members of the nine-member policy board mentioned that a weak yen could inflate import prices and put upward pressure on consumer prices.
A government white paper stressed the need to pay attention to the impact of interest rate hikes by the Bank of Japan on personal consumption.
BUSINESS / Economy
Aug 2, 2024
Japan warns of weak yen impact on households in government white paper
A weak yen has become a source of concern for policymakers as it has dampened consumption by inflating the cost of importing fuel, food and raw material.
Fuel prices are displayed on a board at a gas station in Tokyo in September 2023. Fighting high prices is among the priority policy measures encompassed by a special spending quota for the fiscal year from April 2025.
BUSINESS
Jul 29, 2024
Japan to create priority policy spending quota in fiscal 2025
Priority measures include strengthening the country's defense capabilities, raising its birthrate and expanding investments in carbon reduction.
The Bank of Japan building in Tokyo on March 18. With the BOJ’s policy tightening, the difficulty of managing the country’s debt payments is expected to become worse.
BUSINESS
Jul 29, 2024
Japan expects to hit primary balance goal in fiscal 2025
The government initially aimed to achieve the goal in fiscal year 2011 but kept pushing it back for over a decade.
Workers of Save the Children Japan make preparations on July 11 in Funabashi, Chiba Prefecture, to deliver food to households facing financial difficulties.
JAPAN / Society
Jul 24, 2024
Japanese households worried about summer vacation food costs
A Save the Children Japan survey found that 89.4% of those applying for food aid said they lack enough money for adequate food due to rising prices.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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