Tag - economy

 
 

ECONOMY

Kwai Chung container ports in Hong Kong earlier this month
BUSINESS / Markets
Apr 7, 2025
East Asia tries a mix of measures to counter U.S. tariffs as markets suffer
U.S. President Donald Trump last week announced a raft of tariffs, with almost every country affected.
Prime Minister Shigeru Ishiba said Japan does not intend to seek direct confrontation with the U.S. over the newly levied tariffs, during a parliamentary committee session in Tokyo on Monday.
BUSINESS / Economy
Apr 7, 2025
Japan to avoid direct confrontation with the U.S. over Trump tariffs
The Japanese prime minister is calling for a more diplomatic and fact-based approach, in part by examining U.S. allegations about trade barriers.
To sustain growth, emerging and developing economies must boost productivity, increase labor-force participation (especially among women) and build stronger social support systems.
COMMENTARY / World
Apr 7, 2025
Emerging economies must get rich before they get old
To sustain growth, emerging economies must boost productivity, increase labor-force participation — especially among women — and build stronger social support systems.
U.S. President Donald Trump boards Air Force One as he departs for Washington, at Palm Beach International Airport in Palm Beach, Florida, on Sunday.
BUSINESS / Economy
Apr 7, 2025
Trump team rejects market fears, projecting defiance on tariffs
U.S. President Donald Trump’s top economic officials dismissed investors’ fears of inflation and recession, insisting a boom is on the horizon.
In a reflection of persistent price pressure, real wages declined for a second straight month in February, falling 1.2% from a year earlier.
BUSINESS / Economy
Apr 7, 2025
Japan’s nominal wages rise in bright spot as outlook darkens
Nominal cash earnings for workers climbed 3.1% in February from a year earlier, with the pace accelerating from a revised 1.8% in January, the labor ministry said Monday.
Vehicles used for ride-hailing services in the city of Kiryu, in Gunma Prefecture
JAPAN
Apr 6, 2025
Ride-hailing services spreading in Japan
About 3,300 people have registered as ride-hailing drivers in central Tokyo and other areas.
Leaders of ruling and opposition political parties meet Friday at the Diet building in Tokyo.
JAPAN / Politics
Apr 6, 2025
Calls for consumption tax cut increasing in Japan
With food and other prices still rising, even ruling party officials have started to demand consumption tax cuts as a key policy for this summer's elections.
U.S. President Donald Trump signs an executive order during a tariff announcement in the Rose Garden of the White House in Washington on Wednesday. Trump's tariff policies are the centerpiece of his effort to bring manufacturing back to the U.S. and reshape a world trade system he has long decried as unfair.
BUSINESS / Economy / FOCUS
Apr 6, 2025
Trump promised a manufacturing boom. Industries are not so sure.
Some question the tariffs' underlying logic, saying that supply chain issues, high costs and other obstacles stand may in the way.
Prime Minister Shigeru Ishiba speaks during a news conference at the Prime Minister's Office in Tokyo on Tuesday.
JAPAN / Politics
Apr 5, 2025
Ishiba says he plans to speak to Trump about tariffs in coming days
Prime Minister Shigeru Ishiba said that these talks could see Japan offer a fresh investment package, though he ruled out a small, piecemeal deal.
The Dow Jones Industrial Average after the close of trading on the floor at the New York Stock Exchange after the closing bell on Friday.
BUSINESS / Markets / FOCUS
Apr 5, 2025
Recession trade engulfs Wall Street on tariff fight
Traders are pricing in what increasingly looks like a negative-feedback loop as Trump indicates he’s not going to back down.
Momoka Matsui and her co-worker Saki Matsumoto take photos of acrylic stand figure models of their favorite idols with cakes and teas, which they ordered at a Tokyo cafe where Matsui’s favorite boy band stopped by.
LIFE / Lifestyle
Apr 5, 2025
Can Japan's take on fandom help drive spending?
The explosion of "oshikatsu" (supporting favored celebrities or characters), which entered the mainstream during the pandemic, has economists and the Bank of Japan taking note.
Prime Minister Shigeru Ishiba speaks during a news conference at the Prime Minister's Office on April 1. He has said that Japan is facing a "national crisis" following the introduction of new tariffs by the United States.
BUSINESS / Economy
Apr 4, 2025
Japan digs deep to address 'national crisis' caused by Trump tariffs
Prime Minister Shigeru Ishiba vows to "unite the entire country" in response to the crisis.
U.S. President Donald Trump signs an executive order after delivering remarks on reciprocal tariffs during an event titled "Make America Wealthy Again" at the White House in Washington on Wednesday.
EDITORIALS
Apr 4, 2025
‘Liberation Day’ will weigh heavily on the world
While some nations will fight U.S. tariffs, Japan is among those more likely to make a deal.
Taiwan Semiconductor Manufacturing Co.'s JASM plant in Kumamoto Prefecture. Ensuring stability in the semiconductor supply chain is a matter of national security and must be based on cooperation between the government and private sector.
COMMENTARY / Japan / Geoeconomic Briefing
Apr 4, 2025
Identifying choke points in the semiconductor supply chain
Addressing bottlenecks in chipmaking is essential for Japan's economic security and requires public-private collaboration, including aimed at information sharing.
Household outlays declined 0.5% in February from a year earlier, led by falling outlays on clothes and footwear, housing and food.
BUSINESS / Economy
Apr 4, 2025
Japan’s household spending drops for first time in three months
The drop, ahead of sweeping tariffs announced by the U.S., was led by falling outlays on clothes and footwear, housing and food.
Wall Street stocks sank in early trading on Thursday, joining a global equity selloff after U.S. President Donald Trump's latest tariff announcement exacerbated worries about a trade war.
BUSINESS / Markets
Apr 4, 2025
S&P 500 suffers worst drop since COVID as tariffs rattle traders
The S&P 500 Index sank 4.8% — its biggest drop since June 2020 — to enter a technical correction again following a brutal global rout in markets from Tokyo to London.
U.S. President Donald Trump speaks with journalists onboard Air Force One en route to Miami on Thursday.
BUSINESS
Apr 4, 2025
Trump open to tariff cuts in return for ‘phenomenal’ offers
"The tariffs give us great power to negotiate,” Trump said, adding that "every country has called us.”
U.S. President Donald Trump unveils new U.S. tariffs at the White House in Washington on Wednesday.
BUSINESS / Economy
Apr 3, 2025
Japan promises 'bold and speedy' response to Trump’s surprise 24% tariffs
The duty rate for Japanese products is the "worst among the scenarios that had been imagined" by the market.
Seiji Adachi, a former member of the Bank of Japan's Policy Board, says there is a chance of a May rate hike.
BUSINESS / Economy
Apr 3, 2025
Ex-board member who just left BOJ sees chance of May rate hike
Seiji Adachi, whose five-year term ended last week, said he would probably vote for a rate hike in the central bank's May meeting if one was proposed.
American autoworkers assemble Honda Accords at the Japanese company's Marysville Auto Plant in the state of Ohio in December 2017.
COMMENTARY / Japan
Apr 1, 2025
Ford is as American as apple pie. Or is that Honda?
Trump's 25% auto tariffs will raise car prices, complicate manufacturing and prioritize outdated protectionism over industry trends like electrification and software.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
Rethinking that second drink: Japan’s Gen Z gets ‘sober curious’