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July 06, 2025
 

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DEBT

Japan Times
BUSINESS / ANALYSIS
Jun 21, 2023
China moves to shut a lifeline for cash-strapped local governments
Beijing has been tightening rules on local government borrowing for years, driving their financing vehicles deeper into private markets to raise money.
Japan Times
EDITORIALS
Jun 16, 2023
Budgets are the real test of Kishida’s leadership
For the government to balance the budget while increasing spending on defense, child care and the elderly will require hard choices.
Japan Times
BUSINESS / Economy
Jun 14, 2023
China’s property tycoons remain in charge even as empires fall
To some observers, keeping the property magnates in charge ensures that their interests remain aligned with those of bondholders.
Japan Times
ASIA PACIFIC
Jun 12, 2023
Esoteric fines pile up as China’s provinces hunt for revenue
The central government reiterated that provinces have to fix hidden debt problems on their own, leaving local officials to get more creative to raise revenue.
Japan Times
COMMENTARY / World
Jun 6, 2023
Debt debacle confirms what many thought of the U.S.
China is the chief beneficiary of the U.S. debt ceiling nonsense. Doubts about U.S. trustworthiness spur governments to look elsewhere for leadership and stability.
Japan Times
BUSINESS
Jun 5, 2023
Japan won't detail time frame to balance budget in midyear policy
The annual policy, to be adopted by the Cabinet this month, is widely considered a key gauge of the government's will to restore fiscal health.
Japan Times
BUSINESS / ANALYSIS
Jun 2, 2023
U.S. debt-ceiling deal averts disaster, but savings might be less than advertised
Any potential for significant savings was lost at the outset of negotiations, when both sides said they would not consider cuts to Social Security and Medicare.
Japan Times
WORLD / Politics
Jun 1, 2023
U.S. debt ceiling bill passes House with broad bipartisan support
The Senate must now enact the measure and get it to U.S. President Joe Biden's desk before a Monday deadline, when the federal government is expected to run out of money to pay its bills.
Japan Times
BUSINESS / Markets
May 29, 2023
U.S. debt deal could avert default and buoy nontech stocks but weigh on growth
A negotiation process that barely avoided a default also threatens to undermine the U.S. standing with credit ratings agencies.
Japan Times
BUSINESS
May 28, 2023
White House and Republicans reach tentative deal on U.S. debt ceiling
The deal would raise the debt limit for two years while capping spending over that time, clawing back unused COVID funds and speeding up the permitting process for some energy projects.
Japan Times
WORLD
May 27, 2023
What happens if the U.S. fails to lift its debt limit by June 5?
With each day that passes, the chance of the United States stumbling into a scenario where it cannot pay all its existing bills is increasing.
Japan Times
WORLD / Politics
May 27, 2023
Frantic negotiations, late nights and no deal on America’s debt
But all of the talking has so far failed to produce a deal to raise the country’s debt limit, raising fears of a potentially catastrophic default that could upend financial markets.
Japan Times
EDITORIALS
May 26, 2023
Inexplicable debt debate undermines U.S. power and status
The U.S. secretary of the Treasury says the American government will hit the current debt ceiling on June 1. If it is not lifted, it will run out of money and be unable to pay its bills.
Japan Times
WORLD
May 26, 2023
Economic hit of U.S. debt deal may affect presidential races in 2024 and 2028
Multiyear spending cuts would weigh down a re-election campaign by U.S. President Joe Biden next year, and lifting them would bring a tailwind for whomever is president in years that follow.
Japan Times
WORLD
May 23, 2023
Biden and McCarthy hold productive talks on U.S. debt, but no deal yet
Treasury Secretary Janet Yellen has warned that it is now 'highly likely” her department will run out of sufficient cash in early June and that default could come as soon as June 1.
Japan Times
WORLD
May 22, 2023
Biden and McCarthy to meet Monday as staff debt-limit talks resume
Investors are girding for more volatility in markets this week as the two sides grapple for a deal.
Japan Times
ASIA PACIFIC
May 22, 2023
China’s $23 trillion local debt mess is about to get worse
The financial struggles of a remote coal town in China are the tip of the iceberg of a local government debt problem that threatens to be a drag on the economy for years to come.
Japan Times
WORLD / Politics
May 21, 2023
Biden seeks to call McCarthy after debt-limit talks hit impasse
The president signaled over the weekend that he remains confident the U.S. government can avoid a catastrophic default.
Japan Times
BUSINESS
May 16, 2023
U.S. on track for June 1 default without debt ceiling hike, Treasury says
In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen confirmed that the agency will be unlikely to meet all U.S. government payment obligations by early June.
Japan Times
WORLD
May 12, 2023
Biden’s debt ceiling meeting with McCarthy pushed to next week
The delay likely signals that staff-level talks on energy permitting reform and government spending have yielded progress.
Japan braces for more quakes as authorities dismiss doomsday hype
Evacuees from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecuture, arrive at Kagoshima Port on Friday.
Hidden AI prompts in academic papers spark concern about research integrity
Waseda University is one of 14 institutions in eight countries found to have used hidden prompts in research papers.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Residents of Tokara Islands begin evacuation as seismic swarm continues
Details about evacuations from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecture, is seen written on a whiteboard in the city of Kagoshima on Thursday.
U.S. military apologizes over Okinawa sexual assault case
Col. Neil Owens (right), chief of staff for the 3rd Marine Division, bows in apology at the Okinawa Prefectural Government office in Naha on Thursday.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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