Tag - economy

 
 

ECONOMY

Katsumi Shinagawa prepares to shred cabbage to serve with pork cutlet dishes at the restaurant Katsukichi in Tokyo on Tuesday.
BUSINESS / Companies
Jan 24, 2025
Climate change cooks up Japanese 'cabbage shock'
It is the latest pain point for shoppers and eateries in Japan already squeezed by inflation.
Service inflation accelerated a tad to 1.6%, while an index excluding energy costs and fresh food prices advanced 2.4%, unchanged from the pace in November.
BUSINESS / Economy
Jan 24, 2025
Inflation in Japan jumps to 3%, supporting the BOJ's rate-hike case
The solid inflation data support the case for the Bank of Japan to raise interest rates on Friday, a move widely anticipated by markets and economists.
Shipping containers at an industrial port in the Keihin Industrial Zone in Kawasaki. Japanese businesses see a larger role for Japan if global trade breaks down and multilateral trade institutions become less effective without U.S. participation.
BUSINESS / Economy
Jan 23, 2025
Japan contemplates global free-trade leadership as U.S. goes protectionist
Tokyo could find opportunity in the turmoil while avoiding direct confrontation with Washington.
The number of new units for sale in the Tokyo metropolitan area fell 14.4% last year to a record low.
BUSINESS / Economy
Jan 23, 2025
Tokyo apartment prices retreat in 2024 as market calms
The decrease — the first in six years — came after prices rose nearly 30% to a record high in 2023 when several luxury condos went up for sale.
The Bank of Japan is set decide to raise interest rates at a policy meeting on Friday, according to Jiji Press.
BUSINESS / Economy
Jan 23, 2025
Bank of Japan set to raise rates on Friday, report says
The move would mark the central bank's first rate hike since July last year, when it increased rates to 0.25%.
Japan's exports gained 2.8% in December from a year ago, led by chipmaking machinery and semiconductor parts, government data shows.
BUSINESS / Economy
Jan 23, 2025
Japan’s exports rose in December ahead of anticipated Trump tariffs
Exports measured in value gained 2.8% from a year ago led by chipmaking machinery and semiconductor parts, although shipments fell in terms of volume.
Investment trusts that cater to Japanese individuals bought a net ¥10.4 trillion of overseas equities and funds last year after the government expanded the scope of the Nippon Individual Savings Account system.
BUSINESS / Economy
Jan 23, 2025
Japan’s love of foreign stocks risks pushing the yen even lower
Investment trusts that cater to Japanese individuals bought a net ¥10.4 trillion of overseas equities and funds last year.
Tourists visit shops near Kyoto's Fushimi Inari Shrine on Jan. 13. The nation's growing tourism sector, set to hit 40 million visitors in 2025, boosts the economy but is straining the nation's infrastructure.
COMMENTARY / Japan
Jan 23, 2025
Japan has '$100 billion' reasons to welcome more visitors
Japan's growing tourism, set to hit 40 million visitors in 2025, boosts the economy but strains infrastructure, highlighting a need for smarter policies to manage overtourism.
Attendees inside the Congress Center at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 20 to 24.
ASIA PACIFIC
Jan 23, 2025
China tones it down at Davos this time ahead of Trump tariffs
Donald Trump has warned that a 10% levy could be imposed on China as soon as Feb. 1.
In 2024, child mortality for children before the age of 5 reached a record low of 3.6%, down from over 25% in 1950. For most of history, about half of all newborns died as children.
COMMENTARY / World
Jan 22, 2025
Even this year is the best time ever to be alive
Another way of looking at it: Every day over the past couple of years, roughly 30,000 people moved out of extreme poverty worldwide.
Instead of the Bank of Japan's actions strengthening the yen as once hoped, recent steps have only caused further weakening.
COMMENTARY / Japan
Jan 22, 2025
Ueda’s doctrine for the BOJ is finally emerging
Instead of the Bank of Japan's actions strengthening the yen as once hoped, recent steps have only caused further weakening.
Masakazu Tokura (second from left), head of Keidanren, holds talks with Rengo leader Tomoko Yoshino (second from right) in Tokyo on Wednesday.
BUSINESS / Economy
Jan 22, 2025
Japan business lobby cites positive price trend ahead of BOJ decision
Keidanren head Tokura’s comments create a positive backdrop for the BOJ as its board prepares to deliver its policy decision on Friday.
Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
BUSINESS / Economy
Jan 21, 2025
BOJ likely to raise rates this week in absence of immediate Trump tariffs
The possibility is "quite high" if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
The country's net assets, or the value of properties, cash, deposits, stocks and other assets in the country minus that of loans and other debts, totaled ¥4,158.4 trillion at the end of 2023, up 4.1% from a year before, a Cabinet Office estimate showed Monday.
BUSINESS / Economy
Jan 21, 2025
Japan's national wealth hit record ¥4 quadrillion at end of 2023
Of the total, households accounted for a record ¥2.97 quadrillion, up 3.7%, marking the fifth consecutive year of growth.
Economists, legal experts and business leaders concur that incoming U.S. President Donald Trump's pledge to implement fresh tariffs — whether directly aimed at Japan or not — could hurt the country's export-reliant machinery and automobiles industries while shattering the global economy.
BUSINESS / Economy / ANALYSIS
Jan 20, 2025
Japanese firms weigh fallout from Trump tariff pledges
Additional tariffs — whether directly aimed at Japan or not — could hurt its export-reliant machinery and automobiles industries while shattering the global economy.
Core machinery orders, excluding orders for ships and power equipment, totaled ¥899.6 billion ($5.77 billion) in November, the Cabinet Office said.
BUSINESS / Economy
Jan 20, 2025
Japan's core machinery orders up 3.4% in November
Orders totaled ¥899.6 billion ($5.77 billion), the Cabinet Office said, marking a second consecutive month of growth.
World Bank Deputy Chief Economist Ayhan Kose says there is room for the Bank of Japan to raise interest rates.
BUSINESS / Economy
Jan 19, 2025
Japan likely to see 'healthy growth' through 2026: World Bank exec
In its economic forecast released Thursday, the World Bank predicted Japan's gross domestic product will grow a real 1.2% in 2025 and 0.9% in 2026.
A giant 1000 Indonesian rupiah coin display inside the headquarters of Bank Indonesia in Jakarta
COMMENTARY / World
Jan 19, 2025
Indonesia is the latest country to risk a 'Japanification' tag
With markets sniffing out fiscal vulnerabilities in many countries, this would be an inopportune time to lose discipline.
Customers carry shopping bags outside a supermarket in Tokyo. A new survey has found that more people are feeling the pinch from higher prices compared with a year ago.
BUSINESS / Economy
Jan 18, 2025
Over 95% in Japan feel impact of higher prices: BOJ survey
The survey also showed that 85.7% of respondents think prices will rise over the next year, up from 85.6%.
Donald Trump could weaken the dollar, but whether it would boost U.S. exports or improve America's trade balance with other countries is uncertain.
COMMENTARY / World
Jan 12, 2025
Can Trump dump the dollar?
Donald Trump could weaken the dollar, but whether it would boost U.S. exports or improve the trade balance remains uncertain.

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’