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August 12, 2025
 

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Ryosei Akazawa, Japan’s top trade negotiator, said U.S. officials expressed regret that the stacking rule had been applied to Japan despite a verbal agreement, and said Washington would refund any overpaid levies.
BUSINESS / Economy
U.S. and Japan working to announce tariffs won’t stack
The United States is working to finalize an announcement that would end the stacking of universal tariffs on Japanese goods.
BUSINESS / Economy
FSA eager to back regional bank realignment
Ito, who took office in July, stressed that cooperation with nonfinancial businesses is also crucial for the management of regional lenders.
BUSINESS / Economy
Japan's household spending rises 1.3% in June
The average spending by households with two or more members was ¥295,419 ($2,000).
The budget guidelines allow ministries and agencies to request 20% more funds than in the fiscal 2025 initial budget for priority policy measures, including those to cope with rising prices.
BUSINESS / Economy
Aug 8, 2025
Japan's government adopts budget request guidelines for fiscal 2026
The guidelines allow ministries and agencies to request 20% more funds than in the fiscal 2025 initial budget for priority policy measures.
A person holds a Binance cryptocurrencies QR code at a store in La Paz, Bolivia. Binance is favored in the country for its low fees and educational resources for new users.
BUSINESS / Economy
Aug 8, 2025
In land of 25% inflation, crypto is starting to replace money in Bolivia
By Maria Clara Cobo and Sergio Mendoza
From small coffee shops to large corporations, signs of cryptocurrencies being rapidly adoption are everywhere in the landlocked nation of 11 million in South America.
A Bank of Japan board member suggested the possibility of a rate hike by year-end, depending on the impact of U.S. tariffs, according to a summary of opinions from the central bank’s policy meeting last week.
BUSINESS / Economy
Aug 8, 2025
BOJ may exit wait-and-see mode by year-end, policy meeting summary says
By Yoshiaki Nohara
Depending on the impact from U.S. tariffs, another rate hike then might be possible, an unnamed board member hinted.
The government revised its real growth projection for fiscal year 2025 to 0.7%, down from the previous forecast of 1.2%.
BUSINESS / Economy
Aug 8, 2025
Japan lowers this year’s growth forecast as tariffs kick in
By Erica Yokoyama
The downgrade partly reflects a darkening global economic outlook as a result of U.S. President Donald Trump’s tariff policies.
Ryosei Akazawa, Japan's chief tariff negotiator, said the U.S. made a clerical error in not including a “reciprocal” tariff rate ceiling for Japan in the trade deal.
BUSINESS / Economy
Aug 8, 2025
U.S. backtracks on Japan tariff calculation, taking effective rate lower
By Francis Tang
Japan's chief tariff negotiator said that a clerical error had been made in the U.S.
It may look like U.S. President Donald Trump is winning his trade war, but analysts say significant hurdles remain.
BUSINESS / Economy / ANALYSIS
Aug 8, 2025
Trump may look like he's winning the trade war, but hurdles remain
By Andrea Shalal
Some recent data indicate the tariffs are already affecting jobs, growth and inflation in the U.S.
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
BUSINESS / Economy
Aug 7, 2025
Japan's inheritance tax is high, unforgiving and sometimes avoidable
By James Wongvipat
Under certain circumstances, overseas inheritance can pass tax-free to foreigners who are residents in the country.

Millions told to evacuate as heavy rain sparks flooding and landslides in Kyushu
Heavy rain falls in the city of Kumamoto on Monday morning.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
Chinese vessels collide while pursuing Philippine boat in South China Sea
This handout video grab released and taken on August 11, 2025 by the Philippine Coast Guard shows an incident between a Chinese Navy vessel (left) and a Chinese Coast Guard ship as seen from a Philippine fisheries boat near Scarborough Shoal in the disputed South China Sea.
Weather agency warns of landslides and flooding in Kyushu as heavy rain continues
An embankment on the Amikake River that collapsed due to heavy rain in Aira, Kagoshima Prefecture, on Friday. Downpours continued in the Kyushu region over the weekend.
Tokyo’s WWII museums hold diverse views on war and peace
A carrier-based Type 52 Zero fighter marks the entrance foyer of Yasukuni Shrine's Yushukan, a museum that tells a more nuanced story of Japan's experience in World War II than the controversies around the shrine might suggest.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
At Himawari Shokudo 2, Italian food with a Japanese soul
At Himawari Shokudo 2, chef Hozumi Tanaka serves Italian-inspired fare with a focus on Toyama produce, such as this appetizer of lightly blanched "hotaru ika" (firefly squid) served atop mixed wild plants and a crepe prepared from "yamato-imo" yam.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.

Podcast

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

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person
By Naoko Abe

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