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August 29, 2025
 

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GLOBAL ECONOMY

Lisa Cook (right) is sworn in to become a member of the Federal Reserve Board of Governors by Powell, at the central bank's headquarters in Washington on May 23. Trump this week said he is firing Cook over alleged improprieties in obtaining mortgage loans.
BUSINESS / Economy / ANALYSIS
Aug 27, 2025
Fed's credibility is an asset whose decline could be costly
Once eroded, markets will see monetary policy decisions from the central bank as likely to be more politically motivated.
(Left) Bank of England Gov. Andrew Bailey, European Central Bank President Christine Lagarde (second from left), Bank of Japan Gov. Kazuo Ueda (third from left) and U.S. Federal Reserve Chairman Jerome Powell pose for a picture during the Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Markets
Aug 25, 2025
Central bankers fear being caught in Federal Reserve's storm
Politically motivated attacks on the Fed could spill over to the rest of the world.
Federal Reserve Chairman Jerome Powell attends the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, on Friday.
BUSINESS / Economy
Aug 23, 2025
U.S. Fed chair opens door to rate cut as Trump steps up pressure
But Fed chief Jerome Powell also continued to argue that policymakers must guard against the prospect that President Donald Trump’s tariffs lead to persistent inflation.
South African Finance Minister Enoch Godongwana (right) and the country’s reserve bank governor, Lesetja Kganyago, attend the Group of 20 Finance Ministers and Central Bank Governors Meeting in Cape Town on Feb. 27. 
COMMENTARY / World
Aug 18, 2025
A new trade agenda for climate-resilient development
Policymakers must be prepared to introduce new trade rules that support low-carbon transitions in Africa and across the Global South.
Oil prices are currently low, but a potential recovery around 2027-2029 is expected as demand growth slows and reduced investment in non-OPEC production tightens supply.
COMMENTARY / World
Aug 10, 2025
The bullish case for oil is real — but far, far away
With oil benchmarks down almost 20% over the last two years, upbeat investors are, out of necessity, waiting.
It may look like U.S. President Donald Trump is winning his trade war, but analysts say significant hurdles remain.
BUSINESS / Economy / ANALYSIS
Aug 8, 2025
Trump may look like he's winning the trade war, but hurdles remain
Some recent data indicate the tariffs are already affecting jobs, growth and inflation in the U.S.
Demonstrators protest U.S. President Donald Trump's tariffs on Brazilian products at a rally outside the U.S. Consulate in Sao Paulo on Friday.
COMMENTARY / World
Aug 5, 2025
Trump’s tariffs defy the doomsayers — so far
Despite nearly uniform predictions of doom and disaster, the global economy has largely ignored the Trump trade revolution.
A woman adds a message to the a COVID-19 memorial wall in London in March 2023.
BUSINESS / Economy / ANALYSIS
Aug 4, 2025
'Long COVID' hits the U.K. economy harder than most other countries
Five years since the start of the pandemic, Britain is still dealing with a spike in public debt, 1.2 million extra people on sickness benefits and a record postwar tax burden.
U.S. President Donald Trump raises his fist as he boards Air Force One at Joint Base Andrews in Maryland on Friday.
BUSINESS / Economy / FOCUS
Aug 3, 2025
Trump’s economic agenda is losing support, but Democrats see few gains
Democrats looking to retake the House of Representatives need to convince voters they can be trusted on issues like fighting inflation and lowering the cost of housing.
U.S. President Donald Trump takes questions from reporters at the White House in Washington on Wednesday.
BUSINESS / Economy
Aug 2, 2025
Trump fires data chief on bad job news and gets chance to tilt Fed
Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in U.S. hiring.
Traders work on the floor of the New York Stock Exchange in New York on Friday.
BUSINESS / Economy
Aug 2, 2025
World economies reel from Trump's tariffs punch
Stock markets in Hong Kong, London and New York slumped as they digested the turmoil, while weak U.S. employment data added to worries.
U.S. President Donald Trump delivers remarks at the White House in Washington on Thursday.
BUSINESS / Economy
Aug 1, 2025
Trump embraces economic coercion with tariffs as his big stick
The U.S. president road-tested the hardball tactic in his first term. Now he’s taken it to new levels.
European Commission President Ursula von der Leyen (left) and U.S. President Donald Trump speak to the press following their meeting in Turnberry, Scotland, on Sunday.
BUSINESS / Economy / ANALYSIS
Jul 28, 2025
Out-gunned Europe accepts least-worst U.S. trade deal
The agreement on a blanket 15% tariff is a reality check on the aspirations of the bloc to become an economic power able to stand up to the likes of the U.S. or China.
European Commission President Ursula von der Leyen shakes hands with U.S. President Donald Trump in Turnberry, Scotland, on Sunday.
BUSINESS / Economy
Jul 28, 2025
EU reaches broad tariff deal with U.S. to avert painful trade blow
The U.S. and European Union agreed on a hard-fought deal that will see the bloc face 15% tariffs on most of its exports, including automobiles.
U.S. President Donald Trump speaks during a meeting with Philippine leader Ferdinand Marcos Jr. in the Oval Office of the White House in Washington on Tuesday.
BUSINESS / Economy / FOCUS
Jul 26, 2025
Trump tariffs leave costly China supply question unanswered
The U.S. president has threatened to rocket rates up to 40% for products deemed to be transshipped, or re-routed, through Southeast Asia.
U.S. President Donald Trump speaks to the media after arriving at Glasgow Prestwick Airport, in Prestwick, Scotland, on Friday.
BUSINESS / Economy
Jul 26, 2025
EU’s Von der Leyen to meet Trump in bid to clinch trade deal
After months of talks and shuttle diplomacy between Brussels and Washington, the two sides have been zeroing in on an agreement.
European Council President Antonio Costa (left) and European Commission President Ursula von der Leyen (right) join hands with Prime Minister Shigeru Ishiba prior to a meeting at the Prime Minister's Office in Tokyo on Wednesday.
BUSINESS / Economy
Jul 23, 2025
Japan and EU launch trade ‘alliance’ amid concerns over U.S. and China
The new agreement will expand bilateral trade ties, promote business cooperation and explore ways to diversify critical mineral supply chains.
U.S. President Donald Trump’s aggressive tariff threats seemed effective at first because markets expected him to back down, but as investors grow numb, the risk rises he’ll follow through, triggering the very economic harm his threats were meant to avoid.
COMMENTARY / World
Jul 23, 2025
Why markets may soon call America’s tariff bluff
Complacency brings new risk: If markets tune out Trump’s tariff threats, they may stop checking harmful policies.
U.S. President Donald Trump steps on stage to deliver remarks at the Salute to America Celebration at the Iowa State Fairgrounds in Des Moines on July 3.
BUSINESS / Economy
Jul 19, 2025
Trump aims tariff double whammy at industries and nations by Aug. 1
In addition to measures on copper, the U.S. has discussed making announcements on lumber, chips, critical minerals and drugs, in that order, though this may change.
South African Deputy Minister of Finance David Masondo (left), Minister of Finance Enoch Godongwana (center) and South African Reserve Bank Gov. Lesetja Kganyago address a closing news conference on the last day of a meeting of Group of 20 finance ministers and central bank governors meeting in Durban, South Africa on Friday.
BUSINESS / Economy
Jul 19, 2025
G20 communique delivers rare show of unity amid Trump trade war
U.S. tariffs have strained the G20’s multilateral foundations and complicated South Africa’s efforts — as this year’s rotating president — to keep the group’s agenda on course.
Philippine bid to acquire used Japanese warships gains steam
Tokyo is looking to transfer Abukuma-class vessels to the Philippines as part of broader efforts to boost the defense capabilities of like-minded neighbors amid growing Chinese military assertiveness in the region.
Koshien’s dark summer forces reckoning for high school baseball
Koryo High School players greet their cheering section after beating Hokkaido’s Asahikawa Shiho in the first round of Summer Koshien on Aug. 7. The school withdrew three days later as a bullying scandal enveloped the team.
Akazawa's trip to Washington for tariff talks abruptly canceled
Ryosei Akazawa, Japan's chief tariff negotiator, had been set to fly to Washington on Thursday.
Confusion over Japan’s ‘hometown’ plan overshadows African development event
First Lady Yoshiko Ishiba (center, in white and blue dress) hosts an event on Japanese culture with the first ladies of African leaders on the sidelines of the Tokyo International Conference on African Development in Yokohama on Aug. 21.
Mitsubishi’s wind-power retreat a blow to Japan's alternative-energy goals
Wind turbines in the town of Happo in Akita prefecture. Wind power is a key part of Japan's alternative energy drive.
Koshien’s dark summer forces reckoning for high school baseball
Koryo High School players greet their cheering section after beating Hokkaido’s Asahikawa Shiho in the first round of Summer Koshien on Aug. 7. The school withdrew three days later as a bullying scandal enveloped the team.
Is Kishida plotting a return of the king? Or would he rather stay a kingmaker?
Former Prime Minister Fumio Kishida chairs a plenary session at the Ninth Tokyo International Conference on African Development in Yokohama on Aug. 21.
Japanese prefectures break with labor ministry on minimum wage
The ministry of labor has suggested a 6% minimum wage increase, but most prefectures reporting so far are opting to go slightly higher.
Philippines quietly deepening ‘unofficial’ defense ties with Taiwan
Filipino soldiers take part in a flag-raising ceremony on Mavulis Island during a visit by the Philippines' Armed Forces chief of staff, in Batanes, the Philippines, in June 2023. Batanes, a group of idyllic islands at the country’s northernmost tip, sits about 160 kilometers from Taiwan.
Are 'coolcations' the answer for Japan's heat-weary tourists?
Hikers on a trail in Hakuba, Nagano Prefecture. As extreme heat continues to grip Japan, a tectonic shift may be underway in the nation’s summer tourism scene as more people gravitate toward cooler destinations.

Podcast

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

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
By Alex K.T. Martin

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