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July 18, 2024
 

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US ECONOMY

Japan Times
BUSINESS
Apr 8, 2020
Japan's current account surplus grows as coronavirus hits imports
Japan saw its biggest current account surplus in nearly two years in February as goods imports plummeted due to coronavirus-related factory closures in China, government data showed Wednesday.
Japan Times
BUSINESS / Economy
Apr 8, 2020
Machinery orders rose in February, but Japan warns virus punch to come
Japan's core private-sector machinery orders rose 2.3 percent in February from the previous month for a second straight monthly increase but the government retained its assessment Wednesday that orders are "stalling" with a coronavirus-linked contraction looming.
Japan Times
BUSINESS / Economy
Apr 8, 2020
Pandemic to wipe out 6.7% of working hours worldwide in second quarter
The COVID-19 pandemic is expected to wipe out 6.7 percent of working hours globally in the second quarter of this year, equivalent to the labor of 195 million full-time workers, the International Labor Organization said on Tuesday.
Japan Times
COMMENTARY / World
Apr 7, 2020
Coronavirus tests Abe’s leadership as economy stalls
The prime minister's economic package may look bold, but action comes late.
Japan Times
BUSINESS / Economy / ANALYSIS
Apr 7, 2020
Japan stimulus plan strengthens safety net, but experts split on handouts
Some economists say the financial aid should be focused on those in need while others say the proposed measure appears to be lacking fairness.
Japan Times
BUSINESS / Economy
Apr 7, 2020
Rush to buy masks and toilet paper slows Japan's decline in household spending
Consumer spending fell in February but at a slower than expected pace as households scrambled to buy protective masks, toilet paper and food staples amid the worsening COVID-19 pandemic.
Japan Times
BUSINESS / Economy
Apr 7, 2020
Key food prices surge in some areas after virus upends supply chains
As the coronavirus pandemic penetrates more deeply into global supply chains, prices for key staples are starting to soar in some parts of the world.
Japan Times
BUSINESS
Apr 6, 2020
Abe unveils 'massive' coronavirus stimulus worth 20% of GDP
Prime Minister Shinzo Abe pledged Monday to roll out an unprecedented economic stimulus package equal to 20 percent of economic output as his government vowed to take "all steps" to battle deepening fallout from the coronavirus.
Japan Times
BUSINESS / Economy
Apr 6, 2020
Reeling world economy slammed by dangerous disinflationary shock
The sinking global economy is suffering through a colossal disinflationary shock that could briefly push it into dangerous deflation territory for the first time in decades.
Japan Times
BUSINESS / Economy
Apr 6, 2020
Jobs destroyed worldwide as coronavirus triggers deep recession
The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into the millions this week.
Japan Times
BUSINESS / Companies
Apr 6, 2020
Some WeWork staff planned their lives around a stock deal that just collapsed
Teddy Kramer worked at WeWork from 2013 to 2015. When he left the company, he had been a director of new market development, helping the coworking startup open new offices in different regions. He’d put in the time and been granted shares in the company. At first, he thought he might be able to sell...
Japan Times
JAPAN / Society
Apr 5, 2020
Japan’s homeless at risk from coronavirus pandemic
Many of Tokyo's homeless also have underlying health problems, making them particularly vulnerable as cases of COVID-19 continue to climb in the capital.
Japan Times
JAPAN / Media / MEDIA MIX
Apr 4, 2020
Who suffers the most from the postponement of the 2020 Tokyo Olympics?
Media outlets have long been trying to figure out what cancellation or postponement of the games would mean to Japan economically. They now have a much better idea.
Japan Times
JAPAN
Apr 4, 2020
Few in Japan on the streets as stay-at-home requests heeded by big cities and businesses
Far fewer people were seen out and about Saturday after official stay-at-home requests in major cities grew in response to another spike in coronavirus infections.
Japan Times
BUSINESS / Economy
Apr 4, 2020
IMF sees coronavirus-induced global downturn 'way worse' than financial crisis
Speaking at a rare joint news conference with the leader of the WHO, the IMF managing director called on advanced economies to step up their efforts to help emerging markets and developing countries.
Japan Times
BUSINESS / Economy
Apr 3, 2020
Coronavirus threatens revival of Japan's deflationary nemesis
Years after Japan made a cautious recovery from its long deflationary spell, the world's third-largest economy may be headed back into a cycle of falling prices as the coronavirus threatens a deep downturn and policymakers struggle for options.
Japan Times
BUSINESS / Economy
Apr 3, 2020
U.S. jobless claims soar to once-unthinkable record 6.65 million
The number of Americans applying for unemployment benefits soared to a record 6.65 million last week, a level unimaginable just a month ago.
BUSINESS / Economy
Apr 2, 2020
Financial stimulus in rich countries could worsen fates of poorer economies
A massive exodus of capital from emerging economies has left many in a Catch-22 position, where adopting the kinds of monetary and fiscal stimulus measures the rich world is deploying could perversely make things worse.
Japan Times
COMMENTARY / Japan
Apr 2, 2020
Policy goal: How to get from good to great
As Japanese and global policymakers are rushing to design policies to counter the looming economic depression, advice from one of my favorite economists, Jean-Baptiste Say, comes to mind. In 1803 he wrote: “In policy as well as in morality, the grand secret is not to constrain the actions, but to awaken...
Japan Times
BUSINESS / Companies
Apr 2, 2020
SoftBank abandons $3 billion WeWork share purchase deal
SoftBank Group Corp. is scrapping an agreement to spend $3 billion (¥322 billion) to buy WeWork stock from former CEO Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board.
Trump says Taiwan should pay for defense, sending TSMC stock down
Shares in Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker and a major Apple and Nvidia supplier, closed 2.4% lower on Wednesday.
'Super spicy' potato chips land Japan students in hospital
High school students were taken to hospital in Tokyo on Tuesday after eating "super spicy" potato chips.
Japan finds a 'stealth' cure for zombie businesses: Let them fail
A worker at Sakai Seisakusyo prepares to transport metal rods at its factory in Kakamigahara, Gifu Prefecture, on July 8.
Japan keeps up yen warnings as two-day intervention suspected
An electronic screen displays a graph showing yen exchange rates surging against the U.S. dollar amid an alert to the possibility of intervention in Tokyo on Friday.
Hyogo governor stands firm on not resigning despite official's death
Hyogo Gov. Motohiko Saito speaks to reporters on Tuesday.
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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