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August 10, 2025
 

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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

The downgrade partly reflects a darkening global economic outlook as a result of U.S. President Donald Trump’s tariff policies.
An electric air taxi from Joby Aviation flies near the Downtown Manhattan Heliport in Manhattan, New York City, in November 2023.
BUSINESS / Companies
Aug 8, 2025

Electric 'air taxis' could debut in Japan from 2027

All Nippon Airways says it is partnering with California-based Joby Aviation to deploy more than 100 of the five-seater aircraft.
Stephen Miran, in a paper he co-authored last year for the Manhattan Institute, laid out a case for increasing presidential control of the Fed board, including by shortening members' terms.
BUSINESS
Aug 8, 2025

Trump picks Stephen Miran to fill open spot on Fed board

Miran, who has called for a complete overhaul of the Fed's governance, would take over from Fed Governor Adriana Kugler following her surprise resignation last week.
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

Depending on the impact from U.S. tariffs, another rate hike then might be possible, an unnamed board member hinted.
Sung in Japanese, German and Ukrainian, “Natasha” is a multilingual opera with a multinational cast. Belgian soprano Ilse Eerens will originate the titular role, with Japanese mezzo-soprano Hiroka Yamashita as Arato and German baritone Christian Miedl as their trickster guide.
CULTURE / Stage
Aug 9, 2025

‘Natasha’ distills global zeitgeist on the opera stage

An original work commissioned by the New National Theatre, Tokyo, “Natasha” is a multilingual opera with a multinational cast from Japan, Germany and Belgium.
A monitor shows the morning closing value of the Topix index hitting a fresh record, trading above 3,000 for the first time, on Friday.
BUSINESS / Markets
Aug 8, 2025

Japan index hits record high on earnings boost as other Asian markets ease

The 225-issue Nikkei Stock Average went up 2% and the Topix index hit a fresh record, trading above 3,000 for the first time.
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.
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).
U.S. Health Secretary Robert F. Kennedy Jr.’s decision to cancel funding for mRNA vaccine development dismantles an important public health tool and could weaken America’s ability to respond to future pandemics.
COMMENTARY
Aug 8, 2025

RFK Jr.’s mRNA decision may be his worst yet

U.S. Health Secretary RFK Jr.’s decision to cancel funding for mRNA vaccine development dismantles a public health tool and could weaken the ability to respond to future pandemics.
Chugai Pharmaceutical shares sank as much as 20% in Tokyo on Friday after a study revealed that an obesity drug it licensed to Eli Lilly & Co. resulted in lower weight loss and higher rates of nausea and vomiting than anticipated.
BUSINESS / Companies
Aug 8, 2025

Chugai stock drops the most since 1977 on disappointing obesity drug data

A study showed the drug, which it has licensed to Eli Lilly & Co., resulted in lower weight loss and higher rates of nausea and vomiting than anticipated.
U.S. backtracks on Japan tariff calculation, taking effective rate lower
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.
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.
Japan starts survey on foreign nationals' unpaid resident taxes
In the most recent regular session of parliament, problems were highlighted regarding some foreign workers leaving Japan without paying outstanding taxes after completing their stay periods.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
The horrors of Nagasaki, in first person
Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
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.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.
Photographer Bleg Bayraktar is winning social media with politeness
A video on Bayraktar's Instagram account of the Belgian photographer approaching an elderly worker in Tokyo's Shibuya has gone viral, garnering almost 9 million views.

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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