Tag - economy

 
 

ECONOMY

Many of Japan’s largest businesses are exporters that benefit from a weaker yen.
BUSINESS / Companies
Oct 30, 2023
Japan’s biggest firms set for $9.3 billion bonanza from weak yen
Many of Japan’s largest businesses are exporters that benefit from a weaker yen.
The Bank of Japan is holding a two-day policy meeting through Tuesday.
BUSINESS / Economy
Oct 30, 2023
Ueda faces market fallout risk as BOJ mulls yields, prices and yen
In a sign of just how fraught the discussions on policy may be, BOJ officials are likely to monitor yield movements until the very last minute.
JAPAN / Politics
Oct 29, 2023
Eyeing China, G7 calls for 'immediate repeal' of bans on Japanese food
The ministers, after meeting in Osaka, did not mention China but denounced what they consider its rising economic coercion through trade.
JAPAN / Politics
Oct 27, 2023
Amid scrutiny, Kishida emphasizes tax cuts to pull out from deflation
The Constitutional Democratic Party of Japan has heavily criticized the government for its belated response to rising inflation.
Climate activists demand that the World Bank stop fossil fuel financing on the first day of the annual meeting of the International Monetary Fund and the World Bank in Marrakech, Morocco, on Oct. 9.
COMMENTARY / World
Oct 27, 2023
Telling countries not to be poor is bad climate advice
As developing nations bear the brunt of the costs of climate change; the world's richer states need to pay up.
The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.7% in October from a year earlier, exceeding market forecasts for a 2.5% gain.
BUSINESS / Economy
Oct 27, 2023
BOJ in focus as core inflation in Tokyo unexpectedly accelerates
The data reinforces expectations the BOJ will revise up its inflation forecasts when it produces fresh quarterly projections at next week's meeting.
A poster for Uber displayed at a Tokyo subway station reads: "Meeting inbound demand together with Japan's taxis." It also notes that its service is used in 71 countries.
JAPAN / Society
Oct 26, 2023
Japan weighs allowing ride-hailing amid taxi industry opposition
The taxi industry is opposed to any change, arguing that allowing ride-hailing is just a temporary fix that will take jobs from taxi drivers.
The simplest option for many Japanese industries facing labor shortages might be to do what the taxi sector is doing — keep people in the workforce longer.
COMMENTARY / Japan
Oct 26, 2023
Octogenarian taxi drivers to the labor-crunch rescue
An option for many Japanese industries facing labor shortages might be to do what the taxi sector is doing — keep people in the workforce longer.
The yen's slide past ¥150 to the dollar has raised renewed speculation over possible government interventions in the currency market.
BUSINESS / Markets
Oct 26, 2023
Yen weakens close to three-decade low against U.S. dollar
The yen was trading well within the zone that saw authorities wade into the market last year.
Despite shifts in the global economy and trade, the world remains highly integrated and globalization is far from over.
COMMENTARY
Oct 25, 2023
Globalization’s demise has been greatly exaggerated
Trade flows, allocation of dollars, and supply chains are evolving, but these changes are not uniform and can be challenging to predict.
Asteroid mining only works in a science-fiction world where metals are thousands of times more expensive than they are today.
COMMENTARY / World
Oct 25, 2023
Commercial asteroid mining has a astronomical cost issue
Asteroid mining only works in a science-fiction world where metals are thousands of times more expensive than they are today.
Bank of Japan Gov. Kazuo Ueda meets with European Central Bank President Christine Lagarde and U.S. Federal Reserve Chairman Jerome Powell at the Jackson Hole economic symposium in Moran, Wyoming, on Aug. 25.
COMMENTARY / World
Oct 25, 2023
As geopolitical risks grow, businesses are slow to respond
Businesses need to integrate geopolitical risk into their decision-making in an ever-transforming world.
A man tries to start his car after Israeli airstrikes at the Nuseirat Market in the Gaza Strip on Monday.
ENVIRONMENT / Climate change
Oct 24, 2023
How the Israel-Hamas war imperils action against global warming
The conflict complicates already fragile global diplomacy ahead of crucial climate talks.
Prime Minister Fumio Kishida listens as Constitutional Democratic Party of Japan chief Kenta Izumi speaks in parliament in Tokyo on Tuesday.
JAPAN / Politics
Oct 24, 2023
Tough questions for Kishida in parliament over spending plans
Japan’s main opposition party began its scrutiny of Kishida's economic stimulus package as the country struggles with inflation and stagnant wages.
A pedestrian walks past an electronic signboard showing data from the Tokyo Stock Exchange and on the Japanese yen after the currency rebounded slightly after hitting ¥150 to the U.S. dollar in overnight trading, along a street in central Tokyo on Oct. 4.
BUSINESS / Economy
Oct 24, 2023
Germany set to eclipse Japan as No. 3 economy in 2023, IMF says
The yen’s widely watched depreciation has played an outsized role in its projected slide in position.
U.S. President Joe Biden addresses the nation about the war in Israel and Ukraine from the Oval Office of the White House on Thursday.
COMMENTARY / World
Oct 24, 2023
New mantra for U.S. diplomacy: First, do no harm
U.S. power has diminished and the overweening advantage it enjoyed after World War II, even at the end of the Cold War, has dissipated.
A Hello Kitty balloon is paraded down 6th Ave during the 91st Macy's Thanksgiving Day Parade in New York City in November 2017.
COMMENTARY / Japan
Oct 24, 2023
Soft power and Japan's role in a complex world
While hard power zeroes in on what can be physically controlled such as an empire by force, soft power is an empire by invitation.
Traders are betting that the Bank of Japan will almost certainly end its negative interest rate policy by early next year.
BUSINESS / Economy
Oct 24, 2023
Rising bets on BOJ policy move shift focus to ‘neutral’ rate
This theoretical rate that neither stimulates nor restricts the economy is likely somewhere in a wide range of 0.5% to 2%, according to analysts.
As G7 leaders pledge to combat economic coercion with an eye on China, this could be counterproductive and end up hurting global trade.
COMMENTARY / World
Oct 23, 2023
The G7's anti-coercion campaign against China could backfire
When G7 trade representatives convene in Osaka starting Saturday, Chinese “economic coercion” is expected to be high on the agenda.
Prime Minister Fumio Kishida delivers a policy speech during an extraordinary session of parliament in Tokyo on Monday.
JAPAN / Politics
Oct 23, 2023
The economy takes center stage in Kishida’s policy speech
"'The economy, the economy, the economy.’ I will focus my attention on the economy more than anything else,” Kishida said in opening remarks.

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’