Tag - debt

 
 

DEBT

Japan Times
JAPAN
Mar 3, 2023
Anger among Japan's opposition over plan to clear student debt for having babies
On social media, opposition politicians and others said the proposal discriminated against those who don’t — or can’t — have children.
Japan Times
WORLD
Feb 16, 2023
U.S. could face debt-ceiling crisis this summer without deal
If the debt limit is not raised or suspended before extraordinary measures are exhausted, the government will be unable to pay its obligations fully.
Japan Times
BUSINESS / ANALYSIS
Feb 10, 2023
Japan's debt time bomb to complicate BOJ's exit from dovish policies
A flurry of big spending packages and ballooning social welfare costs for a rapidly aging population have left Japan with a debt pile 263% the size of its economy.
Japan Times
JAPAN
Jan 26, 2023
Russia sanctions and Ukraine support to be G7 priority, says Japan diplomat
While Japan's top finance diplomat underscored the importance of G7 unity in standing up to Russia, some analysts say there may be differences on sanctions.
Japan Times
BUSINESS
Jan 24, 2023
China slams U.S. on debt limit and accuses Washington of sabotage
China blasted the U.S. over its 'catastrophic debt problem” and accused it of 'sabotaging” other nations’ efforts to resolve debt problems.
Japan Times
BUSINESS / Economy
Jan 23, 2023
Japan's finance chief warns fiscal situation getting increasingly severe
Shunichi Suzuki's comments come as markets test whether the BOJ can keep interest rates ultralow, allowing the government to service its debt.
Japan Times
WORLD / Politics
Jan 21, 2023
White House says Biden won’t negotiate in debt talks with new Republican House speaker
The U.S. president and the new speaker, Kevin McCarthy, are to discuss a variety of issues, but negotiation on raising the U.S. debt limit is off the table, the White House said.
Japan Times
WORLD / Politics
Jan 20, 2023
U.S. hits debt ceiling as partisan standoff sparks economic worries
Corporate leaders and at least one credit ratings agency warned a long standoff could rattle markets and unsettle an already shaky global economy.
Japan Times
COMMENTARY / World
Jan 18, 2023
We’ll all pay for Uncle Sam’s cheap debt fantasies
By financing ballooning spending with short-term debt, the government failed to lock in record-low interest rates while it could. Now the piper has come to call.
BUSINESS
Jan 16, 2023
Questions raised over Japan's habit of putting together large-scale supplementary budgets
In the past few years, spending big has in effect been the basic tenet for extra budget compilation, as the ruling camp pushed aggressively for massive additional outlays.
Japan Times
BUSINESS / Economy
Jan 14, 2023
Fed chief urges debt limit hike, warning of U.S. default risk by early June
U.S. Treasury Secretary Janet Yellen said that the country will likely hit the $31.4 trillion statutory debt limit next Thursday, forcing the Treasury to launch extraordinary measures.
Japan Times
COMMENTARY / World / The Year Ahead
Jan 6, 2023
Is economic failure an economics failure?
It is clear that an ever-growing number of people hold democratic capitalism in disrepute, and economists along with it. But how much responsibility do economists bear for our ills?
Japan Times
BUSINESS / Markets
Jan 5, 2023
Japan's MOF lifts coupon rate on 10-year JGBs to 8-year high after BOJ move
While a higher coupon rate could squeeze public finances, it will benefit investors as it brings higher return on their bond investment.
Japan Times
COMMENTARY / World / The Year Ahead
Jan 5, 2023
A pandemic of debt
With soaring inflation, rising interest rates and the strengthening U.S. dollar compounding their debt-service burdens, a crisis is now unfolding in the developing world.
Japan Times
COMMENTARY / World / The Year Ahead
Dec 30, 2022
Consumed by the fog of ‘waronomics’
Owing to the fallout from Russia's invasion of Ukraine, many governments today are acting as if they are also at war.
Japan Times
BUSINESS
Dec 23, 2022
Japanese homeowners face an unfamiliar headache: higher mortgages
The Bank of Japan whipsawed global financial markets when it said on Tuesday it would allow rates to rise a little more, signaling a potential end to ultralow rates.
Japan Times
ASIA PACIFIC
Dec 18, 2022
China may have created a trap for itself with African lending
Africa is heading toward a repayment crisis, with 22 of 54 nations at risk of so-called debt distress, according to World Bank and International Monetary Fund criteria.
JAPAN
Dec 13, 2022
Controversy grows over proposed use of Tohoku funds to cover defense spending
The government is eyeing using a special tax designed to finance reconstruction costs for areas affected by the March 2011 Great East Japan Earthquake.
Japan Times
BUSINESS / FOCUS
Dec 12, 2022
Kishida's plan to fund higher defense spending faces backlash
The prime minister's suggestion of tax increases hasn't gone down well, even among Cabinet members and lawmakers from his own party.
Japan Times
BUSINESS / Markets
Dec 8, 2022
Japan’s life insurers are dumping foreign bonds at a record pace
While the yen has already seen a strong rebound from its October low, expectations for further gains make it unlikely Japanese investors will rush back into foreign securities.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past