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September 10, 2024
 

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BUSINESS

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Japan's economy expanded in the April-June period at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending.
BUSINESS / Economy
Japan’s softer economic rebound still keeps BOJ hike in play
In noninflation adjusted terms, the economy advanced 1.8% from the previous quarter.
BUSINESS / Economy
Biden aides working on proposal for U.S. sovereign wealth fund
The fund would allow the U.S. to invest in national security interests including technology, energy, and critical links in the supply chain.
BUSINESS / Economy
Kuroda indicates that BOJ is still a long way from neutral rate
A nominal neutral rate could be less than 2%, the former central bank governor told the Bund Summit in Shanghai via video link.
The Bank of Japan headquarters in Tokyo. The BOJ was seen as having contributed to the global market meltdown in early August after its 0.25% hike.
BUSINESS / Economy
Sep 6, 2024
BOJ’s hiking pace may be faster than expected, ex-official says
By Toru Fujioka and Takashi Umekawa
While almost no economists expect the BOJ to adjust its benchmark rate on Sept. 20, many BOJ watchers expect another rate hike by January.
Japan's household spending rose less than expected in July as consumers remained wary of loosening their purse strings in the face of higher prices.
BUSINESS / Economy
Sep 6, 2024
Japan’s household spending stays flat in signs of tepid growth
By Yoshiaki Nohara and Erica Yokoyama
Spending on housing and education jumped from June figures, while outlays on transportation and food declined.
Liquor store P&V Wine + Liquor Merchants owner Louise Dowling
BUSINESS / Economy
Sep 6, 2024
Cash-strapped consumers are giving Australia's liquor makers a headache
By Byron Kaye
Australia's alcohol industry is in its sharpest downturn in memory as more people cut back on discretionary spending and turn to healthier ways to relax.
Hajime Takata, Bank of Japan's board member, says the bank needs to proceed with a further rate hike if inflation continues to develop.
BUSINESS / Economy
Sep 5, 2024
BOJ to need more hikes if justified by data, board member says
By Toru Fujioka
The remarks reinforce the recent message by Gov. Kazuo Ueda that the bank will continue to normalize its policies as conditions allow.
Real cash earnings for workers in Japan climbed 0.4% in July from a year earlier.
BUSINESS / Economy
Sep 5, 2024
Japan real wages unexpectedly rise, keeping BOJ on hike path
By Erica Yokoyama
Real cash earnings for workers climbed 0.4% in July from a year earlier, the labor ministry has reported.
A stock board at the Tokyo Stock Exchange
BUSINESS / Economy
Sep 3, 2024
Japan FSA to examine bank risks in ‘world with interest rates’
By Taiga Uranaka
In its annual policy guidance released on Friday, the Financial Services Agency pointed to uncertainty over the global economy and markets.
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024
Japan’s new prime minister must set fresh fiscal target, adviser says
By Takashi Umekawa
Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.

Unpacking Japan’s messy leadership election
The Liberal Democratic Party's presidential race is expected to have a record number of candidates.
Couche-Tard pushes for Seven & I deal talks after rejection
Alimentation Couche-Tard said it is willing to engage in confidential discussions with 7-Eleven operator Seven & I Holdings and is keen on still pursuing an acquisition.
Japan’s softer economic rebound still keeps BOJ hike in play
Japan's economy expanded in the April-June period at a slightly slower pace than initially reported, largely due to downward revisions in corporate and personal spending.
China opens manufacturing, health care sectors to foreign money
The Chinese government will remove the last remaining limits on overseas investments in the manufacturing sector starting from Nov. 1 and cut its list of areas that are restricted for foreign investors, according to a statement from the National Development and Reform Commission posted on Sunday.
Harris’ combative debate style will get its biggest test against Trump
Vice President Kamala Harris delivers remarks at a campaign stop at Northwestern High School in Detroit on Sept. 2.
Unpacking Japan’s messy leadership election
The Liberal Democratic Party's presidential race is expected to have a record number of candidates.
‘When I die, I would like to come back as a rice ball’
Few in Japan may be more passionate about the 'onigiri' (rice ball) than Yumiko Ukon, owner of an onigiri specialty shop in Tokyo's Otsuka neighborhood.
No talking, no eating, no standing: Inside sumo's ring purification ceremony
A sumo referee performs the dohyō matsuri, or ring purification ceremony, in January 2017 at Ryogoku Kokugikan in Tokyo.
Demand for Calrose rice rises amid Japanese rice shortage
Shuzo Fukushi, who heads Rice Meister Kojimachi in Tokyo, shows a bag of Calrose mixed with domestic rice at his store on Thursday.
Pasocom Music Club returns to the pure pleasures of the dance floor
Pasocom Music Club’s “Love Flutter” marks an important moment for Japan’s electronic community as project members Aoi Shibata (left) and Masato Nishiyama step into a role other artists once held for them — scene veterans who are inspiring the next generation.

Podcast

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

Longform

A store clerk tries to cool things down in front of their shop by spraying a hose.
Is extreme weather changing the way Japan shops?
By Alex K.T. Martin

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