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August 15, 2024
 

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US DEBT

Japan Times
BUSINESS / Economy
Jan 6, 2020
China vows increased measures to 'win' battle against growing bank risks
China pledged to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a buildup in bad debt at its traditional lenders.
Japan Times
BUSINESS / Economy
Dec 27, 2019
Deepening negative rates would do more harm than good, says Bank of Japan ex-deputy
The Bank of Japan has nearly exhausted its policy ammunition for boosting the economy, as deepening negative interest rates — seen as the most likely step if it were to expand stimulus — will do more harm than good, former BOJ Deputy Gov. Toshiro Mutoh has said.
Japan Times
BUSINESS / Markets
Dec 17, 2019
Struggling regional banks in Japan buying riskier debt to survive
Struggling to revive profits as low yields persist, a handful of troubled regional banks are wading deeper into riskier credit such as near-junk rated overseas bonds, according to a Bloomberg survey.
Japan Times
BUSINESS
Nov 21, 2019
Japan's ruling bloc calls for ¥10 trillion to boost typhoon recovery and slowing growth
Analysts have doubts about the ability to spend such a large amount given the government debt.
Japan Times
BUSINESS
Nov 15, 2019
South African Airways cancels flights as union ranks ready strike over wages and job cuts
South African Airways (SAA) has canceled flights scheduled for Friday and Saturday because of a pending strike by a majority of employees over a wage dispute and the state-run carrier's plans to cut jobs.
Japan Times
COMMENTARY / Japan
Nov 6, 2019
The right way to finance disaster recovery
It's unwise to burden a battered economy with higher taxes.
Japan Times
BUSINESS / Companies
Oct 11, 2019
Takeda nears deal on sale of Russia, Mideast and Africa assets to private equity firms
Takeda Pharmaceutical Co. is nearing the sale of a portfolio of assets in the Middle East, Africa and Russia to separate buyout firms that could help the drugmaker raise about $1 billion to reduce debt, according to people familiar with the matter.
Japan Times
BUSINESS / Companies
Sep 27, 2019
Takeda Pharmaceutical to sell drug assets in emerging markets and Europe, sources say
Takeda Pharmaceutical Co. is close to selling some assets in emerging markets and Western Europe, people familiar with the matter said, in a move that would help the Japanese drugmaker reduce its debt pile.
Japan Times
BUSINESS / Companies
Sep 19, 2019
Struggling auto parts maker Akebono Brake to close six plants globally
Embattled auto parts maker Akebono Brake Industry Co. said Wednesday that it will close six plants at home and abroad to rebuild its business.
Japan Times
COMMENTARY / Japan
Sep 2, 2019
The mystery of low inflation despite huge debt
What is the condition that makes it possible for Japan to sustain budget deficits over a long period of time?
Japan Times
BUSINESS
Aug 26, 2019
China's companies have unseen foreign debt that's maturing fast
The foreign debt built up by Chinese companies is about a third bigger than official data show, adding to the pressure on the country's currency reserves as a wave of repayment obligations approaches in 2020.
BUSINESS / Economy
Jul 23, 2019
Elizabeth Warren's 'economic crash' call spotlights Democrats' line of attack on Trump
Democratic presidential hopeful Elizabeth Warren highlighted burgeoning debt levels and recent declines in manufacturing as factors making the U.S. economy vulnerable to a downturn, previewing a line of attack Donald Trump's opponents will use to pierce the aura of a record-long expansion and half-century...
Japan Times
BUSINESS / Economy
Jul 5, 2019
S&P warns it could be bubble time again for Japan's real estate companies as debts rise
Japan's real estate firms are entering dangerous territory. That's the assessment of S&P Global Ratings, which said in a report Friday that the sector's debt levels now eclipse that of the nation's bubble era.
Japan Times
WORLD / Politics
Jun 25, 2019
Candidate Bernie Sanders calls for canceling $1.6 trillion in student loan debt
U.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals.
Japan Times
BUSINESS
Jun 20, 2019
Slovenia faces similar fiscal challenges to Japan, Finance Minister Andrej Bertoncelj says
Slovenia has similar challenges to Japan in terms of huge government debts and an aging population, and both countries can learn from each other, Slovenian Finance Minister Andrej Bertoncelj said this week in Tokyo.
BUSINESS
Jun 17, 2019
Shadow banking crisis raises risk of renewed Indian bad-loan reckoning
Just as India's banks emerge from under a pile of bad loans to large energy, steel and other industrial companies, they are facing a new reckoning from the accelerating crisis in the country's shadow banking sector.
Japan to revise consumption tax exemption for overseas tourists
Tourists walk through Nakamise shopping street near Sensoji Temple in Tokyo in April
Japan's tourism industry hit by cancellations after megaquake alert
A beach closed due to a megaquake alert in Hiratsuka, Kanagawa Prefecture, from Friday to Thursday.
Focus shifts to incoming typhoon as Tropical Storm Maria dissipates
Newly formed Tropical Storm Ampil, which is forecast to approach eastern Japan this weekend, is seen on the left side of this satellite image.
Kishida to step down in September in bid to show ‘LDP has changed’
Prime Minister Fumio Kishida speaks during a news conference Wednesday at the Prime Minister's Office in Tokyo.
Publisher finds surprise audience after translating history textbooks
Yamakawa Shuppansha president Takeshi Nozawa holds the publisher's textbook on Japanese history — used in high schools across Japan — alongside the new English version in Tokyo on May 23.
Economic security is about strengthening and sustaining growth, former minister says
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
Ice bandanas, convenience store breaks: Running under Japan’s summer sun
Blistering heat is becoming a fixture of summer in Japan, but a few tweaks to your routine can make your outdoor runs bearable — if not enjoyable — until cooler temperatures return.
Japan issued its first-ever megaquake alert. What does that mean?
Naoshi Hirata (center), chairman of a committee tasked with evaluating the risk of a Nankai Trough earthquake, speaks at a news conference in Tokyo on Friday.
France brings down the curtain on its Olympic party with Tom Cruise and Leon Marchand
Fireworks are set off during the closing ceremony of the 2024 Paris Olympics at Stade de France in Saint-Denis on Sunday.

Podcast

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

Longform

Sociologist Gracia Liu-Farrer argues that even though immigration doesn't figure into Japan's autobiography, it is more of a self-perception than a reality.
In search of the ‘Japanese dream’
By Thu-Huong Ha

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