Advertisements for factory rentals at Datang village in Guangzhou, Guangdong province, China
BUSINESS / Economy
Aug 12, 2025
China factories cut shifts and workers' pay as U.S. tariffs bite
The increasingly common practice has become a hidden deflationary force in the world's second-largest economy.
A National Personnel Authority official has attributed a dip in the competition ratio for national public service applicants to "the number of successful applicants rising in line with an increase in the number of planned hires by each ministry and agency."
BUSINESS / Economy
Aug 12, 2025
Japan marks lowest level of competition on record for civil service applicants
Women made up a record high of 47.1% of all successful applicants, up from 43.0% in the previous year.
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
Aug 10, 2025
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.
The Financial Services Agency Commissioner Yutaka Ito is interviewed in Tokyo last week.
BUSINESS / Economy
Aug 10, 2025
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.
The rise in household consumption spending in Japan in June was driven by a 30.1% jump in spending to buy automobiles and motorcycles, and higher electricity bills.
BUSINESS / Economy
Aug 8, 2025
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
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.

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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