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July 19, 2025
 

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GLOBAL ECONOMY

The U.S. economy has shifted from strong growth to heightened recession risk and uncertainty due to President Trump’s aggressive trade tariffs and budget cuts, leaving Congress to reclaim control over policy to avoid worsening economic disruption and global instability.
COMMENTARY / World
May 6, 2025
Only the U.S. Congress can end Trump's economic uncertainty
There is no chance of reining in the disruption and destruction unless the Republican-controlled U.S. Congress reclaims its constitutional authority over trade policy.
The United Nations General Assembly Building in New York in 2015. An internal U.N. document shows the U.S. is opposing draft reforms of the world's financial system intended to help developing countries.
WORLD / Politics
May 6, 2025
U.N. document shows U.S. seeks to weaken global development finance efforts
It opposes draft reforms of the world's financial system intended to help developing countries, including around taxation, credit ratings and fossil fuel subsidies.
Workers operate sewing machines at a Thai Son S.P. garment factory in Binh Thuan province, Ho Chi Minh City, Vietnam, on April 10. For more than 70 years, many emerging nations, especially in Asia, have become the low-cost manufacturer to the U.S., the world’s biggest consumer.
BUSINESS / Economy
May 5, 2025
Global factories struggle to overcome Trump tariffs and uncertainty
Purchasing manager indexes across Asia, along with revised numbers in Europe, showed new or persisting contractions in factory activity in April.
U.S. Treasury Secretary Scott Bessent (right) speaks during an Oval Office meeting on April 24 with President Donald Trump, Secretary of State Marco Rubio and Norwegian Prime Minister Jonas Gahr Store (not pictured) to discuss tariffs.
COMMENTARY / Japan
May 4, 2025
A turning point in trade: The U.S. effort to reverse global imbalances
This large trade imbalance is also the primary driver of the U.S. current account deficit, largely due to the gap in goods trade.
A woman takes part in an OpenNyAI field trial in Bengaluru, India, in April 2023. The AI trial was aimed at helping some of the nation’s poorest people access money from government anti-poverty programs.
COMMENTARY / World
Apr 30, 2025
Will AI close or widen the development gap?
The social, economic and political effects of AI will not naturally bend toward inclusion or equity across the global economy.
U.S. President Donald Trump and Chinese leader Xi Jinping attend the Group of 20 leaders summit in Buenos Aires in December 2018. Instead of appeasing dictators and shredding alliances, the U.S. should beef up its network of partners. Alone, it won’t emerge victorious from the rivalry with Beijing.  
COMMENTARY / World
Apr 29, 2025
How to make America truly 'great again'
Instead of trying to go it alone, Washington should fix its internal problems and build up its external alliances if it wants to come out on top of the competition with China.
Liberal Democratic Party Policy Chief Itsunori Onodera (center) speaks at a think tank event Monday in Washington.
JAPAN / Politics
Apr 29, 2025
Japan worries Trump tariffs will push countries toward China
Many nations are looking to negotiate with the U.S. over the Trump administration’s reciprocal tariffs, which could undermine security in the region.
U.S. President Donald Trump signs an executive order in the Oval Office on Wednesday. His push for quick wins through tariffs and other measures is risking trade turmoil with key allies like Japan.
COMMENTARY / World / Geoeconomic Briefing
Apr 28, 2025
Is there a method behind the Trumponomics madness?
Washington’s policies are treading and often crossing a fine line between political jostling and economic strategizing.
Digital screens at Piccadilly Circus display an advertisement for the Jaguar Type 00 concept car in London on Dec. 5, 2024.
BUSINESS / Economy
Apr 28, 2025
Advertising giants brace for tariff-induced cuts to ad spending
The car industry, one of the sectors most vulnerable to a trade war, is likely to lead the way in curtailing ad spend.
World Bank Group President Ajay Banga speaks during an interview at the IMF-World Bank Group spring meetings at IMF headquarters in Washington on Friday.
BUSINESS / Economy
Apr 26, 2025
Developing countries should fast-track U.S. trade deals, World Bank chief says
"You need to negotiate trade systems with the U.S. at the earliest possible (opportunity)," Ajay Banga said. "If you delay, it hurts everyone."
Without a coordinated international response to U.S. President Donald Trump's tariffs, growing uncertainty could lead to a fragmented global economy marked by slower growth and chronic instability.
COMMENTARY / World
Apr 25, 2025
Trump’s tariff chaos could reverse 80 years of economic progress
U.S. President Donald Trump’s trade policies are undermining the rules-based system established after World War II.
U.S. President Donald Trump speaks at the White House in Washington on Thursday.
BUSINESS / Economy
Apr 25, 2025
Trump’s trade whiplash sinks world into dreaded ‘uncertainty’
"The worry I hear more often is actually not even tariffs, it is uncertainty,” IMF Managing Director Kristalina Georgieva told reporters Thursday. "Let’s have clarity.”
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during an event in Chicago earlier this month.
BUSINESS / Economy
Apr 24, 2025
Federal Reserve at a policy and political crossroads poses global risks
A divergence between the Fed and other central banks could stress dollar funding markets and make financing more expensive for less-developed countries.
A worker labors on a spinning machine at a factory in Solo, Central Java, Indonesia in September 2019. For Indonesia, China’s trade power means lost jobs and hard choices.
COMMENTARY / World
Apr 24, 2025
Asia would welcome trade deals that exclude China
The real cost to developing countries of China’s trade practices runs deeper: lost jobs can be counted, but missed opportunities can’t.
U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington last September.
BUSINESS / Economy
Apr 23, 2025
Trump says he has no intention of firing Fed chief Jerome Powell
Trump’s National Economic Council Director Kevin Hassett on Friday said the president was studying the question of whether he’s able to sack Powell.
Tiangong Ultra, a humanoid robot, crosses the finish line after securing the first position during the E-Town Humanoid Robot Half Marathon in Beijing on Saturday.
COMMENTARY / World
Apr 22, 2025
All hail the rise of the humanoid robots
Robotics is another of the critical emerging technologies, mastery of which will be central to 21st-century economic leadership.
A monitor displays stock market information on the floor of the New York Stock Exchange (NYSE) on Monday.
BUSINESS / Economy
Apr 22, 2025
U.S. assets slump again as Trump sharpens attack on Fed chief
Trump called Jerome Powell a 'loser' for not cutting interest rates, underscoring questions about whether the U.S. President will try to fire Powell.
U.S. President Donald Trump announces tariffs on several countries during a press conference on April 2.
BUSINESS / Markets
Apr 21, 2025
World’s economic chiefs to face Trump’s trade war in Washington
Finance chiefs want an off-ramp from the worst global trade crisis in a century. This week they’re heading toward its epicenter.
Global trade, energy and financial networks are increasingly being leveraged as strategic tools by nations, with supply chains, shipping routes and financial systems becoming potential points of conflict.
COMMENTARY / World
Apr 21, 2025
How much 'weaponization' can the global economy take?
Global trade, energy and financial networks are increasingly being leveraged as strategic tools by nations.
Tariffs, and the risk they pose to both the economy and inflation, have been the focus of global attention.
BUSINESS / Economy
Apr 20, 2025
First shock waves of Trump’s tariffs are about to hit the world economy
The International Monetary Fund (IMF) is set to lower its outlook for economic growth in new projections released on Tuesday.
Living conditions index hits lowest level in 15 years in Japan
The share of respondents to a Bank of Japan quarterly survey in June who said they have become worse off came to 61.0%, up 5.1 percentage points from the previous survey.
Tokyo emerges as a top market for global tech talent
Tokyo ranks among the world's top tech talent hubs alongside Beijing, the San Francisco Bay Area, Bengaluru, Paris, New York and Dublin, according to Colliers' newly released global tech markets report.
From stalking to death threats, female candidates still face harassment
Mayu Ushida, a former NHK newscaster running for election in the Tokyo electoral district on the Democratic Party for the People ticket, signs an autograph for a voter after a public rally at Shinjuku Station in Tokyo on Tuesday.
CDP leader criticizes ‘Japanese First’ policy and calls for inclusive society
Constitutional Democratic Party of Japan leader Yoshihiko Noda said it is obvious that Japanese society could not function without the help of foreign workers in manufacturing, health care, construction and public transportation.
JSA’s 100th anniversary event is a once-in-a-lifetime chance for sumo fans
Egyptian wrestler Osunaarashi has some fun with children during a special Japan Sumo Association event in 2017.
Japan's rice farmers are confounded by Shinjiro Koizumi’s policies
Kiyoshi Shibata stands in front of one of the rice paddies in Murayama, Yamagata Prefecture, where he produces the prefecture's signature rice brand Tsuyahime.
From stalking to death threats, female candidates still face harassment
Mayu Ushida, a former NHK newscaster running for election in the Tokyo electoral district on the Democratic Party for the People ticket, signs an autograph for a voter after a public rally at Shinjuku Station in Tokyo on Tuesday.
Kawaii Lab redefines idol pop for the TikTok generation
Misa Kimura is the main producer for Kawaii Lab, a project by entertainment agency Asobisystem whose groups have found success by pairing a social media-first strategy with a fresh perspective on traditional idol-pop tropes.
Craig Mod's life in motion in a disappearing Japan
Mod's memoir “Things Become Other Things” chronicles his walking trips across the Kii Peninsula, surveying “a graceful end to a certain life cycle.”
With China and Trump, Japan defense report says world entering ‘new era of crisis’
A senior member of a Self-Defense Forces honor guard inspects a formation before the arrival of Prime Minister Shigeru Ishiba for a visit to the Defense Ministry in Tokyo on June 30.

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