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April 17, 2024
 

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DEBT 2

Japan Times
WORLD / Politics
Jul 19, 2023
G20 finance chiefs fail to reach consensus on debt relief for poorer nations
Following 'very intense discussions” this week, the debt issue will remain a 'priority' for leaders set to gather at a September summit, Indian Finance Minister Nirmala Sitharaman said.
Japan Times
BUSINESS / Economy
Jul 10, 2023
Corporate bankruptcies in Japan highest in five years in wake of COVID
The rise in failures involving liabilities exceeding ¥10 million comes as many companies have begun repaying interest-free and unsecured loans.
Japan Times
BUSINESS / Companies
Jul 7, 2023
Rakuten’s ¥1.8 trillion debt fuels concern despite funding
The e-commerce giant has racked up four years of losses as its mobile-phone business drains cash.
Japan Times
ASIA PACIFIC
Jul 7, 2023
A year after unrest, Sri Lankans languish in poverty and hunger
A year after the toppling of former Sri Lankan President Gotabaya Rajapaksa almost a third of the country lives below the poverty line.
Japan Times
ASIA PACIFIC
Jun 30, 2023
Pakistan gets IMF's initial approval for $3 billion loan program
The funds will support the immediate efforts to stabilize the economy from recent external shocks, preserve macroeconomic stability and provide a framework for financing from partners.
Japan Times
WORLD
Jun 21, 2023
Unlocking climate trillions with a global plan from a sinking island
A summit in Paris this week will bring together the heads of government from more than 100 countries to grapple with financial scarcity as the single-biggest impediment to climate action.
Japan Times
BUSINESS / ANALYSIS
Jun 21, 2023
China moves to shut a lifeline for cash-strapped local governments
Beijing has been tightening rules on local government borrowing for years, driving their financing vehicles deeper into private markets to raise money.
Japan Times
EDITORIALS
Jun 16, 2023
Budgets are the real test of Kishida’s leadership
For the government to balance the budget while increasing spending on defense, child care and the elderly will require hard choices.
Japan Times
BUSINESS / Economy
Jun 14, 2023
China’s property tycoons remain in charge even as empires fall
To some observers, keeping the property magnates in charge ensures that their interests remain aligned with those of bondholders.
Japan Times
ASIA PACIFIC
Jun 12, 2023
Esoteric fines pile up as China’s provinces hunt for revenue
The central government reiterated that provinces have to fix hidden debt problems on their own, leaving local officials to get more creative to raise revenue.
Japan Times
COMMENTARY / World
Jun 6, 2023
Debt debacle confirms what many thought of the U.S.
China is the chief beneficiary of the U.S. debt ceiling nonsense. Doubts about U.S. trustworthiness spur governments to look elsewhere for leadership and stability.
Japan Times
BUSINESS
Jun 5, 2023
Japan won't detail time frame to balance budget in midyear policy
The annual policy, to be adopted by the Cabinet this month, is widely considered a key gauge of the government's will to restore fiscal health.
Japan Times
BUSINESS / ANALYSIS
Jun 2, 2023
U.S. debt-ceiling deal averts disaster, but savings might be less than advertised
Any potential for significant savings was lost at the outset of negotiations, when both sides said they would not consider cuts to Social Security and Medicare.
Japan Times
WORLD / Politics
Jun 1, 2023
U.S. debt ceiling bill passes House with broad bipartisan support
The Senate must now enact the measure and get it to U.S. President Joe Biden's desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills.
Japan Times
BUSINESS / Markets
May 29, 2023
U.S. debt deal could avert default and buoy nontech stocks but weigh on growth
A negotiation process that barely avoided a default also threatens to undermine the U.S. standing with credit ratings agencies.
Japan Times
BUSINESS
May 28, 2023
White House and Republicans reach tentative deal on U.S. debt ceiling
The deal would raise the debt limit for two years while capping spending over that time, clawing back unused COVID funds and speeding up the permitting process for some energy projects.
Japan Times
WORLD
May 27, 2023
What happens if the U.S. fails to lift its debt limit by June 5?
With each day that passes, the chance of the United States stumbling into a scenario where it cannot pay all its existing bills is increasing.
Japan Times
WORLD / Politics
May 27, 2023
Frantic negotiations, late nights and no deal on America’s debt
But all of the talking has so far failed to produce a deal to raise the country’s debt limit, raising fears of a potentially catastrophic default that could upend financial markets.
Japan Times
EDITORIALS
May 26, 2023
Inexplicable debt debate undermines U.S. power and status
The U.S. secretary of the Treasury says the American government will hit the current debt ceiling on June 1. If it is not lifted, it will run out of money and be unable to pay its bills.
Japan Times
WORLD
May 26, 2023
Economic hit of U.S. debt deal may affect presidential races in 2024 and 2028
Multiyear spending cuts would weigh down a re-election campaign by U.S. President Joe Biden next year, and lifting them would bring a tailwind for whomever is president in years that follow.
Japan’s young workers head abroad as huge wage gap persists
The departure hall at Haneda Airport in Tokyo. Now with inflation at its strongest in decades, Japanese are starting to realize that years of static wages leave many of them budgeting each month before their next pay check.
Akebono's human side eclipsed his incredible sumo achievements
The heights Akebono reached in sumo helped pave the way for future foreign-born yokozuna Asashoryu and Hakuho.
EVs head for junkyard as mechanic shortage inflates repair costs
An AA patrol for electric vehicles in Birmingham, England. Fewer than 10% of the U.K.’s 236,000 auto mechanics are qualified to work directly on EV batteries or their cases, according to the Institute of the Motor Industry.
Japan strongly condemns Iranian attack on Israel as 'escalation'
Missiles are showcased in a parade marking Iran's National Army Day in Tehran on April 18, 2023.
Death-row inmates' lawsuit targeting same-day notifications of executions dismissed
Two plaintiffs filed a lawsuit with Osaka District Court in hopes of sparking a wider discussion on the rights of death row prisoners.
For Modi, the Indian election is less about winning and more about by how much
Indian Prime Minister Narendra Modi addresses supporters during an election campaign rally in Pushkar, India, on April 6, ahead of the country's upcoming general election starting Friday.
Akebono's human side eclipsed his incredible sumo achievements
The heights Akebono reached in sumo helped pave the way for future foreign-born yokozuna Asashoryu and Hakuho.
Ohtani’s dizzying three weeks end in exoneration by authorities
Los Angeles Dodgers designated hitter Shohei Ohtani during a spring training game on March 12.
How ‘winged’ gyōza took flight from a Tokyo suburb
The creator of "hanetsuki gyōza" is Isao Yagi, and his restaurant, Nihao, can be found right on the border of Tokyo and Kawasaki in Ota Ward.
How Ippei Mizuhara allegedly wired millions from Shohei Ohtani’s account
Dodgers star Shohei Ohtani and his interpreter, Ippei Mizuhara, in December at SoFi Stadium in Inglewood, California

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

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For Japan's oldest kabuki theater, the show must go on
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