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October 12, 2024
 

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DEBT

The Finance Ministry plans to suspend Nomura from the primary group of Japanese government bond dealers for a month from Tuesday.
BUSINESS / Companies
Oct 11, 2024
Japan suspends Nomura from bond auctions after manipulation
The action is another setback for Nomura after the revelations led several companies including Toyota Finance to take their bond underwriting business elsewhere.
Japan saw the highest number of bankruptcies since 2013 in the six months through September.
BUSINESS / Economy
Oct 8, 2024
Japan records highest number of bankruptcies in a decade as costs rise
The bankruptcies partly reflect the impact of higher prices, while a record 163 firms cited labor shortages as a reason for their struggles.
Newly elected Sri Lankan President Anura Kumara Dissanayake addresses the nation in Colombo on Wednesday.
ASIA PACIFIC / Politics
Sep 27, 2024
Sri Lanka’s leftist leader faces tough test to alter IMF deal
The new president took office with a mandate to bring relief to citizens, but the hard part is getting the lenders to play along.
An oil slick in the waters off the coast of Manila Bay, in Pamarawan, Malolos, Bulacan province, Philippines, on July 29.
ASIA PACIFIC / Society
Sep 14, 2024
Philippine fishers call for justice after oil tanker sinks
The largest oil spill in the country since 2006 prompted the government to impose a fishing ban that has pushed the industry toward debt and hunger.
Economist and Former Italian prime minister Mario Draghi
BUSINESS / Economy
Sep 10, 2024
German opposition obscures Draghi’s vision for EU renewal through joint debt
Resistance to calls for the region to invest up to €800 billion extra a year and commit to issuing common bonds prolongs a history of stalemate between rival ambitions.
Chinese President Xi Jinping applauds as he delivers his keynote speech at the opening ceremony of the China-Africa summit in Beijing on Thursday.
ASIA PACIFIC / Politics
Sep 5, 2024
Xi courts Africa with $50 billion pledge and military support
The support is a sweeping effort to deepen China’s relations with a continent seen as key to the Chinese leader's geopolitical ambitions.
Chinese President Xi Jinping and his wife Peng Liyuan greet the press before welcoming leaders from African countries in Beijing on Wednesday.
ASIA PACIFIC / Politics / ANALYSIS
Sep 5, 2024
Debt woes and funding needs in focus as China hosts African leaders
Africa and its ample mineral and oil resources have become the focus of intense geopolitical competition in recent years.
Digital transformation minister Taro Kono has described Japan's current fiscal state as an "emergency situation," saying the nation has to regain fiscal discipline.
JAPAN
Sep 4, 2024
Japan's budget demands hit record as leadership race steps up
The race could complicate Tokyo's efforts to restore fiscal discipline.
A building emblazoned with a Great Wall graphic in Kitwe, Zambia
ASIA PACIFIC / Politics
Sep 3, 2024
Xi wants bigger returns and fewer headaches from African debt deals
From Angola to Djibouti, for over a decade, China poured more than $120 billion of government-backed loans through its Belt and Road Initiative.
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024
Japan’s new prime minister must set fresh fiscal target, adviser says
Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
The Bank of Japan building in Tokyo on March 18. With the BOJ’s policy tightening, the difficulty of managing the country’s debt payments is expected to become worse.
BUSINESS
Jul 29, 2024
Japan expects to hit primary balance goal in fiscal 2025
The government initially aimed to achieve the goal in fiscal year 2011 but kept pushing it back for over a decade.
Homes are surrounded by flood waters after Hurricane Beryl made landfall in Sargent, Texas, on July 8.
COMMENTARY / World
Jul 22, 2024
The great climate change wealth transfer is here
Fossil fuel profits are sky-high, as are the costs of climate change. By subsidizing oil and gas while putting tariffs on green tech, governments are making things worst.
A street cleaner at the Lujiazui Finance District in Shanghai
BUSINESS / Economy
Jul 22, 2024
Xi vows to rewire China’s finances and help indebted regions
Plans centered around shifting more revenue from the central to local coffers in China, such as by allowing regional governments to receive more of the consumption tax.
The administration of Prime Minister Fumio Kishida on Friday approved this year's honebuto economic and fiscal policy guidelines.
BUSINESS / Economy
Jun 21, 2024
Japanese government restores 2025 primary budget surplus target
In its economic blueprint, the Kishida administration has pledged a balanced budget other than interest payments by fiscal 2025.
Without stronger international cooperation and policies that advance shared prosperity, growth will remain too slow to support progress on development and poverty reduction.
COMMENTARY / World
Jun 16, 2024
Getting the global economy out of the slow lane
The world economy has avoided recession despite the steepest rise in global interest rates since the 1980s.
Prime Minister Fumio Kishida
JAPAN
Jun 11, 2024
Japan to stick to goal of primary budget surplus next fiscal year
The government will also continue to try to lower the ratio of debt to gross domestic product, a draft of annual policy guidelines for budget planning said.
The ultimate challenge for the next government is to balance infrastructure investment with measures that improve household financial stability and income.
COMMENTARY / World
May 29, 2024
India’s election winner has a repair job waiting
The ultimate challenge for the next Indian government is to balance infrastructure investment with measures that improve household financial stability and income.
An LDP panel's proposal on fiscal policy underscores how a weak yen and an exit from ultra-low interest rates are piling pressure on Japan to rein in its huge public debt.
BUSINESS
May 30, 2024
Japan must restore fiscal discipline to protect yen's value, LDP panel says
The views of the panel of Liberal Democratic Party lawmakers are shared by the powerful Finance Ministry, who oversees the state budget.
Those who will be employed as teachers in Japan after completing graduate school will be exempt from repaying scholarship loans.
JAPAN / Society
May 29, 2024
Japan to waive graduate scholarship loan repayments for teachers
The policy will apply to those who pass the recruitment examinations in the current fiscal year ending in March 2025.
Foreign private credit funds are focusing on Japanese investors as they move more money into higher-paying assets.
BUSINESS / Companies
May 29, 2024
Private credit chases Japan’s trillions as inflation spurs shift
Private credit funds are betting that inflation will prompt investors to channel more money into riskier overseas investments.
Nihon Hidankyo awarded Nobel Peace Prize for efforts to achieve nuclear-free world
Toshiyuki Mimaki, the co-chair of Nihon Hidankyo, speaks at an event held in November at United Nations headquarters in New York on the sidelines of the second meeting of state parties to the Treaty on the Prohibition of Nuclear Weapons.
Ban on dual nationality is constitutional, Fukuoka High Court rules
Yuri Kondo (center), who filed a lawsuit challenging the constitutionality of Japan's ban on dual nationality, speaks at a news conference in the city of Fukuoka in December 2023.
17-year-old girl found dead in Osaka hotel room was strangled
A security camera footage shows a 17-year-old girl and a man entering a hotel in the city of Osaka on Saturday. She was found dead in the hotel room several hours later.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Long-time 'Doraemon' voice actor Nobuyo Oyama dies at 90
Nobuyo Oyama
Bank of Japan vows better messaging to avoid more market turmoil
The Bank of Japan's surprise rate increase on July 31 led to Japanese stocks plummeting into bear-market territory, with the benchmark 225-issue Nikkei average falling 12.4% on Aug. 5 alone.
Peter Barakan’s Live Magic! takes its final bow
Annual festival Peter Barakan’s Live Magic! was born a decade ago when Barakan (left) decided to create a platform to share his love of roots music, which he attributes to growing up in 1960s England.
Spate of sumo tour dropouts highlights need to rethink wrestlers' health
Shonannoumi hits the dirt at the hands of Kotozakura during a bout in Tokyo in May. Shonannoumi is among the many top wrestlers who have dropped out of this month's regional tour due to injury.
Japan pushes fossil fuel tech in Asia carbon neutrality initiative
Coal-fired power plants in Bataan, the Philippines, in June 2023. A third of the 158 agreements signed under the Japan-led Asia Zero Emission Community are linked to fossil fuel technologies, a recent study by a climate research group has found.
The forgotten Japanese naturalist who created a U.S. national park
Without Japanese outdoorsman George Masa, America might not have the Great Smoky Mountains National Park — so why do so many people in Japan not know he existed?

Podcast

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

Longform

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Japan wakes up to the market for a proper sleep
By Alex K.T. Martin

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Sasakawa works for a sustainable blue economy

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