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April 27, 2024
 

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GLOBAL ECONOMY

South Korean President Yoon Suk-yeol
BUSINESS / Economy
Apr 25, 2024
South Korea’s economic growth beats forecast as exports rise
South Korea's gross domestic product advanced 1.3% in the three months through March, easily outpacing economists’ consensus for a 0.6% expansion.
Buyers inside an exhibition hall at the Canton Fair in Guangzhou on April 17.
BUSINESS / Companies
Apr 24, 2024
China’s prices are just too low for buyers to sweat about tariffs
Many buyers at China’s biggest trade event in the southern city of Guangzhou shrugged off the risk of an escalating trade war with the U.S.
The dollar's resurgence has come on the back of a slew of signs that the U.S. economy avoided the slowdown many anticipated.
BUSINESS / Markets
Apr 23, 2024
U.S. dollar’s extended reign delivers stark wake-up call to markets
Global investors are talking about "U.S. exceptionalism” after a predicted slowdown to the nation's economy didn't transpire.
Resistance to adopting digital technologies, restrictive EU regulations, and energy-price shocks are potential explanations for Europe's lagging productivity.
COMMENTARY / World
Apr 10, 2024
Why is Europe losing the productivity race?
A forthcoming report from Mario Draghi will recommend removing barriers to competition, which would intensify the pressure on firms to innovate.
The IMF has singled out the U.K. and Italy alongside the U.S. and China as nations that face serious fiscal risks as debt continues to creep upward.
BUSINESS / Economy
Apr 18, 2024
U.S. and China debts pose risks for global public finances, IMF says
Public debt in China and the U.S. is projected to almost double by 2053, which could "have profound effects on the global economy," the IMF reports.
Russian President Vladimir Putin and Iranian President Ebrahim Raisi during the signing of the Rasht-Astara railway agreement in May 2023.
WORLD / Politics
Apr 18, 2024
New 'sanctions-proof' transport routes put Russia at heart of global trade
Shipping and rail networks via Iran and an Arctic sea passage could strengthen Moscow’s pivot toward China and India and away from Europe.
Outside of some activist movements pressing governments for more climate action, global warming is not yet at the heart of the political agenda in most countries.
COMMENTARY / World
Apr 17, 2024
Climate change is political and we must treat it that way
Climate action hasn't made its way onto mainstream political agendas in most countries, to the detriment of our collective ability to solve the crisis.
Shoppers at the Dadar market in Mumbai, India. Indian equities now trade at around 23 times next year’s expected earnings, exceeding even the U.S.
BUSINESS / Markets
Apr 16, 2024
‘Expensive’ India lures investors avoiding China risks
Powerful rallies in Indian and Japanese equities during China’s slump have reset Asia’s financial-market landscape.
German Chancellor Olaf Scholz (left) with Chinese leader Xi Jinping in Beijing in November 2022. Scholz is travelling to China again this week with the goal of shoring up economic ties with Germany's biggest trading partner.
COMMENTARY / World
Apr 15, 2024
An EV trade war with China would be an own goal for carmakers
As German Chancellor Scholz visits China this week, he should push for stronger ties between Chinese and European automakers, especially in the EV market.
The problem many developing countries have in repaying their debts might be even bigger than the world realizes, as many sovereign debts are hidden.
COMMENTARY / World
Apr 10, 2024
Tackling the world’s hidden debt problem
Low-income countries are struggling to repay their debts. Better transparency and accounting systems could help them tackle this challenge.
Prime Minister Fumio Kishida and U.S. President Joe Biden during a joint news conference at the White House on Wednesday
BUSINESS / EXPLAINER
Apr 15, 2024
Biden-Kishida summit drives home U.S.-Japan economic union
The leaders used their meeting to bake economic cooperation into the allies' relationship in hopes of making it harder to pull out of in the future.
This video screen grab shows a refinery in Ryazan, Russia, that Ukraine attacked in a drone strike last month.
COMMENTARY / World
Apr 12, 2024
Ukraine’s drone attacks light a fuse under global oil supplies
At least 10 refineries have been hit so far. About 13% of Russia’s capacity has been knocked offline, analysts at RBC Capital Markets estimate.
A brine pool at an SQM lithium mine on the Atacama salt flat in the Atacama Desert, Chile. The industry that deals with one of the world’s most important commodities is asking whether it's doomed to repeat a boom and bust cycle again and again.
BUSINESS / Markets
Apr 12, 2024
Lithium industry braces for long-term oversupply after price instability
Those involved with the commodity are asking whether they're doomed to repeat a boom and bust cycle again and again.
NATO’s Jens Stoltenberg (left) and the U.S. Secretary of State Antony Blinken during a news conference in Washington on Jan. 29
WORLD / Politics
Apr 9, 2024
World rush to rearm could cost G7 countries $10 trillion over next decade
Security challenges include an aggressive Russia, a volatile Middle East, and the Chinese military tugging U.S. attention toward the Pacific.
China’s greenhouse footprint can be boiled down to three factors: its economic growth, the energy intensity of that growth and the carbon intensity of that energy.
COMMENTARY / World
Mar 7, 2024
China’s growth ambitions will erase the world’s climate gains
Global greenhouse pollution hit a record and increased 1.1% last year, the International Energy Agency reported. That was almost entirely a China story.
U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang at the Great Hall of the People in Beijing on Sunday.
BUSINESS / Economy
Apr 7, 2024
Yellen and Li express hope for U.S.-China cooperation
The U.S.-China relationship can only move forward with direct and open communication, Treasury chief Janet Yellen told Premier Li Qiang.
Developing nations feel that international trade rules favor developed countries and undermine their interests, particularly in areas like agriculture and fishing subsidies.
COMMENTARY / World
Apr 5, 2024
Why have developing countries soured on multilateralism?
The efforts of advanced economies to link trade agreements to labor and environmental standards could disadvantage developing nations.
Japan's law-abiding pedestrian culture and norms may help explain its economic performance.
COMMENTARY / World
Apr 3, 2024
The economic consequences of legal behavior
There is a complex relationship between cultural norms, legal systems and economic development.
Instead of entering its recent operating loss as negative retained earnings, the European Central Bank treated it as a positive asset on its balance sheet, which is being criticized as misleading.
COMMENTARY / World
Mar 28, 2024
Central banks need to be more transparent about losses
The ECB, Fed and other central banks would do well to abandon financial machinations, work out recapitalization agreements and prepare for large losses.
Employees work at a factory that produces LED displays in Huaian, in eastern China's Jiangsu province, on Thursday.
BUSINESS / Economy
Mar 31, 2024
China factory activity expands for first time in six months
The official manufacturing purchasing managers index rose to 50.8 from 49.1 in February, the National Bureau of Statistics said in a statement Sunday.
New JAL chief concerned about yen’s ‘excessive’ weakness
Mitsuko Tottori became Japan Airlines’ first female CEO on April 1, having risen through the ranks as a flight attendant and heading the flight attendant and customer experience divisions.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Yen inches closer to intervention point as BOJ meeting starts
The rate of the yen against the U.S. dollar is displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Tokyo's Koto Ward by-election a race unlike any other
Natsumi Sakai, the Constitutional Democratic Party of Japan’s candidate and one of four female candidates running in the by-election, touts her experience as a cancer survivor and midwife as having prepared her to tackle issues that women currently face.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Top U.S. and China diplomats talk tough amid warnings of new ‘downward spiral’
U.S. Secretary of State Antony Blinken and China's Foreign Minister Wang Yi at the Diaoyutai State Guesthouse in Beijing on Friday
Kyotographie's strong 12th edition shines light into the margins
Yassine Alaoui Ismaili, who goes by Yoriyas, turned to photography, shooting motion while in motion himself, after an injury forced him to give up his career as a professional breakdancer.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores
By Alex K.T. Martin

SUSTAINABLE JAPAN

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