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July 27, 2024
 

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Core inflation in Japan's capital accelerated for a third straight month in July, keeping alive market expectations of a near-term interest rate hike by the central bank.
BUSINESS / Economy
Tokyo inflation quickens, keeping BOJ hike option in play
Consumer prices excluding fresh food rose 2.2% in the capital, versus 2.1% in June, the internal affairs ministry reported.
BUSINESS / Economy
Trump wants a weaker dollar, but Wall Street doubts he’ll get one
Donald Trump has completely overhauled the Republican Party in his populist image and named a fellow strong-dollar skeptic as his running mate.
BUSINESS / Economy
Japan’s minimum wage set for record ¥50 hike in major boost
While the sharp increase will be a big boost for workers, smaller firms already struggling financially will be put under further stress.
Prime Minister Fumio Kishida inspects a new plant of Rapidus under construction in Chitose, Hokkaido, on Wednesday.
BUSINESS / Economy
Jul 25, 2024
Kishida vows new law for next-gen chip production
Japan has decided to provide up to ¥920 billion to Tokyo-based company Rapidus, which aims to start mass production of chips in 2027.
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
BUSINESS / Economy
Jul 24, 2024
Yen rally could help end crushing wage decay in Japan
By Kazuaki Nagata
The Japan Research Institute anticipates real wage growth turning positive in the July-September quarter assuming ¥155 to the dollar.
The Porsche booth at the Beijing International Automotive Exhibition in Beijing on April 25
BUSINESS / Economy
Jul 24, 2024
China’s slowdown is taking a rising toll on European profits
By Verena Sepp and Kit Rees
From luxury brands to carmakers, more trouble is coming for European businesses heavily reliant on demand in the Asian economic giant.
The Bank of Japan headquarters in Tokyo. A Bloomberg survey showed some 14 of 48 economists predict the BOJ will raise its policy rate at the next week’s meeting.
BUSINESS / Economy
Jul 24, 2024
Most BOJ watchers see July rate hike risk with bond-buying cut
By Toru Fujioka and Cynthia Li
Survey respondents also predicted the central bank will cut bond-buying to ¥5 trillion per month starting in August.
Australian grape exports to Japan are expected to rise as Tokyo has fully opened the market for the fruit.
BUSINESS / Economy
Jul 23, 2024
Japan opens up its market for Australian grapes
The Australian government aims to increase the country's annual grape exports to Japan to about AU$50 million, or 2.5 times the current figure, within several years.
Liberal Democratic Party Secretary-General Toshimitsu Motegi says the Bank of Japan should more clearly show its intention to normalize monetary policy.
BUSINESS / Economy
Jul 23, 2024
LDP heavyweight Toshimitsu Motegi calls for clearer sign from BOJ on policy
By Toru Fujioka
The remarks suggest growing political frustration over the central bank’s cautious stance as low rates keep pressure on the yen while inflation outpaces wage growth.
Bank of Japan officials are divided over whether to raise interest rates at a policy meeting next week, people familiar with the matter say.
BUSINESS / Economy
Jul 23, 2024
BOJ is said to see weak consumer spending complicating rate call
By Toru Fujioka and Sumio Ito
Weak consumer spending has prompted the government to cut its fiscal year growth forecast to 0.9%, with central bank likely lowering its projection to 0.5%.

Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
When did summer in Japan stop being fun?
Summer in Japan is now consistently brutal enough to drive you indoors and keep you there until autumn.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Japan eyes gold — and the future — as Olympic men's soccer campaign begins
Japan midfielder Yu Hirakawa controls the ball during a match against the United States in Kansas City, Kansas, on June 11.

Podcast

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

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

JNTO promotes sustainable tourism initiatives
JNTO promotes sustainable tourism initiatives

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