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April 25, 2024
 

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GREAT RECESSION

Economists often struggle to predict business downturns and different economic theories may apply in different situations.
COMMENTARY / World
Dec 27, 2023
What economists got wrong about the Great Recession
Macroeconomics faces challenges and limitations in predicting and understanding economic events.
Japan Times
BUSINESS / Markets
Mar 21, 2023
2008 bank crisis survivors remember how fast dominoes can fall
Comparisons to that episode have become a little harder to ignore, although authorities are better equipped today to deal with stress in the financial system.
Japan Times
WORLD
Oct 11, 2022
Bernanke and two academics win Nobel in economics for work on banks’ role in crises
Former Federal Reserve chair Ben Bernanke and economists Douglas Diamond and Philip Dybvig were awarded for their influential work on the relationship between banks and economic turmoil.
Japan Times
BUSINESS / Economy
Oct 25, 2019
Subprime auto giant's loans souring at fastest clip since 2008
A growing percentage of Santander Consumer USA Holdings Inc.'s subprime auto loans are turning out to be clunkers soon after the cars are driven off the lot.
Japan Times
COMMENTARY / World
Apr 16, 2019
What really caused the global financial crisis?
A new book offers some answers and sensible suggestions to reduce the odds of a future crisis.
Japan Times
BUSINESS / Economy
Apr 15, 2019
Trump, despite solid U.S. growth, says Fed should fire up crisis-era stimulus
President Donald Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.
BUSINESS / Economy
Feb 15, 2019
Fannie-Freddie watchdog pick Mark Calabria urges Congress to overhaul U.S. housing giants to avoid losses
President Donald Trump's pick to lead Fannie Mae and Freddie Mac's regulator pledged to work with Congress on overhauling the companies, while downplaying controversial positions he's previously laid out on everything from the 30-year-mortgage to affordable housing initiatives.
Japan Times
BUSINESS / Economy
Dec 13, 2018
U.S. debt under Trump has ballooned by size of Brazil's GDP: Treasury
U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising under the Trump administration.
Japan Times
BUSINESS / Economy
Oct 22, 2018
U.S. Treasury chief Steve Mnuchin dismisses risk of contagion from China's economic slowdown
U.S. Treasury Secretary Steven Mnuchin dismissed concerns that China's weakest economic growth since the global financial crisis could spill into other emerging markets and destabilise U.S. financial markets.
Japan Times
BUSINESS
Aug 15, 2018
Sarah Sanders claim of more black jobs during Trump era than in Obama's is dead wrong
White House Press Secretary Sarah Sanders falsely claimed that President Donald Trump has created three times as many jobs for black workers as his predecessor, Barack Obama, did during his entire time in office.
Japan Times
BUSINESS / Economy
Mar 12, 2018
London house prices drop at the fastest pace since 2009
London house prices are falling at the fastest pace since the depths of the recession almost a decade ago, with the capital's most expensive areas seeing the biggest declines.
Japan Times
BUSINESS
Jul 31, 2017
The bust never ended for Wall Street's most crisis-scarred banks
Ten years ago today a pair of Bear Stearns Cos. hedge funds that had gorged on subprime mortgage securities filed for bankruptcy, becoming the canaries in the coal mine for the global financial system that collapsed 15 months later.
Japan Times
BUSINESS / Markets
Jun 30, 2017
Traders who left for hedge funds heading back to banks
Traders who fled banks for hedge funds are on their way back to Wall Street.
Japan Times
COMMENTARY / World
Dec 20, 2016
Obama's top achievement: heading off a depression
U.S. President Barack Obama's greatest accomplishment was acting to make sure the Great Recession did not become something far worse.
Japan Times
COMMENTARY / World
Sep 23, 2014
Americans feeling roughed up as incomes lag
Americans have a peculiar prosperity. Their economy is escaping the confines of the Great Recession, but people don't feel reassured. They've lost confidence in the future.
Japan Times
BUSINESS / Companies
Aug 21, 2014
Bank of America settles mortgage probes with DOJ for $16.65 billion
Bank of America Corp. has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities.
COMMENTARY / World
Feb 16, 2014
Wrong debate on economic inequality in U.S.
The theory that growing inequality in the 2000s caused many low- and middle-income Americans to over-borrow so that they could keep up with wealthier Americans doesn't hold up. The right debate is on why lenders relaxed credit standards.
COMMENTARY / World
Nov 24, 2013
Why banks shouldn't be blamed for the recession
Banks didn't cause — and shouldn't be punished for — the recession.
Japan Times
BUSINESS / Economy
Sep 29, 2013
American Dream fading for many in wake of financial crisis
Four years into an economic recovery in which most of the benefits have flowed to the top earners, a majority believes that the American Dream is becoming markedly more elusive, according to the results of a Washington Post-Miller Center poll exploring Americans' changing definition of success and their confidence in the country's future.
Japan Times
BUSINESS / Economy / ANALYSIS
Sep 22, 2013
Busting a myth: Lehman wasn't too big to fail and didn't cause recession
To many people, the 2008-09 financial crisis was a complex, fast-moving news story and an anagram-laden, horrifying collapse. Such events often give rise to false histories, myths and ideologically driven narratives.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
Tokyo issues strong warning on yen intervention as currency dips further
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
Japan's former PM Aso meets Trump for talks on security and economy
Former U.S. President Donald Trump and Taro Aso, vice president of Japan's ruling Liberal Democratic Party, in New York on Tuesday. The Japanese government’s top spokesman on Wednesday played down the meeting as one conducted "in the capacity of one lawmaker" and “without the government’s involvement.”
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Tsukiji 2030s: A stadium, culinary center and transportation hub
A computer-generated image shows redevelopment plans for the former site of the Tsukiji fish market in Tokyo.

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

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

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