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December 21, 2024
 

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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.
The Bank of Japan headquarters in Tokyo. There is growing speculation that the central bank will push ahead with rate hikes in the coming months, particularly as the yen continues to weaken.
BUSINESS / Markets
Oct 23, 2024
Japan’s 40-year yield rises to highest since 2008 on Fed outlook
There is also growing speculation that the BOJ will push ahead with rate hikes in the coming months, particularly as the yen continues to weaken.
Debt-laden companies in Japan are rapidly growing in number, in some measures even faster than in 1992 after the collapse of its asset price bubble.
BUSINESS / Companies
Oct 22, 2024
Zombie companies may finally succumb to bankruptcy on BOJ hikes
Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by Tokyo Shoko Research showed earlier this month.
Bank of Japan Gov. Kazuo Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
COMMENTARY / Japan
Oct 18, 2024
The yen pays the price for a timid Bank of Japan
Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
The prospect of the yen's further depreciation is prompting strategists to warn of increased intervention risk near the ¥150 level, or the 200-day moving average of ¥151.25.
BUSINESS / Economy
Oct 15, 2024
Intervention back on investors’ radars as yen weakens against dollar
The yen had its worst loss against the dollar since 2009 in the five days through Oct. 4.
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
BUSINESS / Economy
Oct 11, 2024
Bank of Japan vows better messaging to avoid more market turmoil
There is "strong will" within the central bank to learn from what had happened during its last rate increase, BOJ Deputy Gov. Ryozo Himino.
Fast Retailing booked its third consecutive year of record earnings on Thursday.
BUSINESS / Companies
Oct 10, 2024
Uniqlo owner Fast Retailing posts 31% rise in full-year profit, beats estimates
Operating profit rose 31% to ¥500.9 billion in the 12 months through August from ¥381.1 billion a year earlier.
Warren Buffett's Berkshire Hathaway is the largest foreign issuer of yen bonds this year, raising a record ¥545.1 billion.
BUSINESS / Markets
Oct 10, 2024
Berkshire issues bonds worth ¥282 billion, sparking Japan investment hopes
The seven-part bond deal is Berkshire’s biggest yen-denominated deal since 2019, and makes it the largest foreign issuer of yen bonds this year.
Eiji Maeda, former executive of the Bank of Japan
BUSINESS / Economy
Oct 9, 2024
BOJ’s next hike likely to come in January, former official says
The central bank will be watching the U.S. presidential election, the trend in service prices this autumn and momentum ahead of next year’s annual wage talks.
Speculative investors flipped to a net long position on the yen just before Prime Minister Shigeru Ishiba said the nation wasn’t ready for further interest rate hikes, data shows.
BUSINESS / Markets
Oct 8, 2024
Hedge funds warming to yen caught out by biggest drop in 15 years
Many bought the yen just before cautious comments by Prime Minister Shigeru Ishiba on rate hikes and strong U.S. nonfarm payrolls data.
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
BUSINESS / Markets
Oct 8, 2024
Solid earnings will spur hope Japan stocks hold onto 2024 gains
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
Finance Minister Katsunobu Kato attends an interview with media outlets at the Finance Ministry on Monday.
BUSINESS / Economy
Oct 7, 2024
Japan's new finance minister vows to finish the job as deflation czar
Katsunobu Kato's message indicates that financial conditions might remain accommodative for some time.
Prime Minister Shigeru Ishiba and Bank of Japan Gov. Kazuo Ueda ahead of their meeting on Wednesday. Ishiba's comment after the meeting that he doesn't believe Japan needs an additional interest rate hike has surprised the financial market.
BUSINESS / Markets / FOCUS
Oct 6, 2024
Ishiba's U-turn on interest rates surprises market
The market is being perplexed by the statement by Ishiba, who had been critical of Abenomics.
Three-month basis swaps for dollar-yen dropped to negative 53.5 basis points on Thursday, a level not seen since November 2023.
BUSINESS
Oct 5, 2024
Boom in samurai bond issuance drives up yen swap costs
Three-month basis swaps for dollar-yen dropped to negative 53.5 basis points on Thursday, a level not seen since November 2023.
The Bank of Japan headquarters in Tokyo. Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week, with new Prime Minister Shigeru Ishiba saying Japan wasn’t ready for more rate hikes yet.
BUSINESS / Markets
Oct 5, 2024
Stepped-up global easing risks making it harder for BOJ to hike
Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week.
Prime Minister Shigeru Ishiba meets with Bank of Japan Gov. Kazuo Ueda at the Prime Minister's Office on Wednesday.
BUSINESS
Oct 3, 2024
Further BOJ rate hike this year in doubt after Ishiba's surprise warning
A survey last month showed 53% of economists forecast the BOJ would push up interest rates in December, but that outlook is now in question.
Traders borrow in currencies where rates are low and put that money to work in economies where rates are high, pocketing the difference.
BUSINESS / Markets / FOCUS
Oct 2, 2024
Massive carry trade still lurks in the shadows and looms over markets
Trillions might remain, slightly different, less obvious and all but forgotten by a market eager to move on.
Shigeru Ishiba speaks at the Liberal Democratic Party headquarters in Tokyo after being elected the party's new leader Friday.
BUSINESS / Markets
Sep 30, 2024
Tokyo stocks fall 4.8% in first day of trading after Ishiba's victory
The surprise result in the Liberal Democratic Party presidential election “contributed to meaningful volatility” in the markets.
Prices of nearly 3,000 food and beverage products will rise in October, due to the soaring costs of ingredients.
JAPAN / Society
Sep 30, 2024
Food price hikes in Japan in October to be largest so far in 2024
Prices of 2,911 products from 195 major food and beverage manufacturers will be raised in October, surpassing April’s figure.
New Liberal Democratic Party leader Shigeru Ishiba (right), economic security minister Sanae Takaichi (left) and Prime Minister Fumio Kishida celebrate after Ishiba won the LDP leadership race on Friday in Tokyo.
BUSINESS / Markets
Sep 27, 2024
Yen rallies as Ishiba beats Takaichi in LDP race
Ishiba has shown support for the BOJ’s rate policies and the independence of the central bank.
Mother hopes for reunion with daughter ensnared by Tokyo host clubs
The Kabukicho district in Tokyo, where the daughter of a woman in her 60s fell deeply into the host club culture.
A year after going private, structural reforms bearing fruit for Toshiba
Toshiba's Corporate Senior Executive Vice President Koji Ikeya speaks during an interview in Tokyo on Monday.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019

Podcast

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

Longform

Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
The quake that shook Noto's sake brewing tradition
By Alex K.T. Martin

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