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April 28, 2024
 

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IMF

Delegates meet for the Development Committee Plenary during the World Bank and IMF 2024 Spring Meetings in Washington on Friday.
COMMENTARY / World
Apr 24, 2024
Negotiating a bigger, better World Bank
Recent changes at the global lender are important steps toward making the World Bank’s financial model fit for “ending poverty on a livable planet.”
Vitor Gaspar, director of fiscal affairs at the International Monetary Fund, speaks at a news conference during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS / Economy
Apr 19, 2024
Japan should pursue fiscal consolidation, IMF economist says
With Japan's inflation mostly in line with the Bank of Japan's 2% target, an IMF economist is encouraging fiscal consolidation.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at BOJ headquarters in Tokyo on March 19.
BUSINESS / Economy
Apr 20, 2024
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising
The BOJ must maintain loose monetary policy for the time being as underlying inflation remains "somewhat below" its 2% target, Gov. Kazuo Ueda said.
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.
The International Monetary Fund headquarters in Washington. The IMF sees downside risks in the Japanese economy, which unexpectedly slipped into a recession at the end of last year.
BUSINESS / Economy
Feb 23, 2024
IMF sees downside risks for Japan in 2024
Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world's third-biggest economy to Germany.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024
IMF and World Bank warn Gaza and Red Sea chaos imperils global economy
The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
The International Monetary Fund headquarters in Washington. The IMF has underscored the need for Japan to tighten fiscal policy.
BUSINESS / Economy
Feb 9, 2024
IMF urges BOJ to wind down monetary easing and gradually raise rates
In normalizing monetary policy, the BOJ should take a "gradual and well-communicated" approach to anchor market expectations, the IMF said.
A man talks on the phone during COP28 in Dubai on Monday.
BUSINESS
Dec 4, 2023
Japan, France back plan to boost climate lending with IMF reserves
Multilateral development banks say they can bolster climate finance in developing markets by leveraging the IMF's Special Drawing Rights.
Argentine President-elect Javier Milei and his delegation arrive for meetings at the White House in Washington on Tuesday.
WORLD / Politics
Nov 29, 2023
Argentina's Javier Milei seeks foreign policy reset on U.S. trip
The president-elect is also aiming to lead his nation's economy out of crisis.
The International Monetary Fund headquarters in Washington
BUSINESS
Nov 8, 2023
Japan to keep IMF's No. 2 shareholder status even after quota reform
The IMF's executive body approved a proposal to increase each member's quota by 50% without changing the current shareholding ratio.
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.
The International Monetary Fund says it sees no factors for Japan to intervene in the foreign exchange market to support the yen.
BUSINESS / Markets
Oct 16, 2023
IMF sees no conditions for Japan to intervene in currency market
Whether Japan will intervene to support the yen has been a key focus lately, with the currency staying near ¥150 per dollar.
Hiroshi Watanabe, former Japanese currency policy chief and onetime head of the Japan Bank for International Cooperation, speaks during an interview in Tokyo.
BUSINESS / Economy / ANALYSIS
Oct 15, 2023
IMF warning on China puts 'Japanization' risk in spotlight
Stalling inflation and a deepening real estate crisis were said to be among the biggest risks to global growth during a recent IMF and World Bank meeting.
Vitor Gaspar, director of the IMF's Fiscal Affairs Department
BUSINESS
Oct 13, 2023
IMF official says fiscal reform will only grow more difficult
According to data from the IMF, Japan's national debt-to-GDP ratio topped 260% in 2022.
Chinese tourists arrive at Haneda Airport in Tokyo in August as China lifted a ban on group tours that month.
BUSINESS / Economy
Oct 10, 2023
IMF lifts Japan's 2023 growth forecast to 2% amid tourism boom
The number of foreign visitors — which this summer returned to about 85% of prepandemic levels — is expected to increase further.
A meeting at the International Monetary Fund's headquarters in Washington in October 2022
BUSINESS / Economy
Sep 26, 2023
Japan may slip from IMF's No. 2 shareholder status
Using the current formula, based on economic power, Japan will most likely be overtaken by China and Germany.
International Monetary Fund Managing Director Kristalina Georgieva walks after attending an interview at the International Media Center at the Group of 20 summit in New Delhi on Sept. 10.
BUSINESS / Economy
Sep 16, 2023
IMF to urge China to shift growth model toward consumption
IMF Managing Director Kristalina Georgieva plans to ask China to address a number of issues that are dragging down both Chinese and global growth.
A villager amongst the rubble of destroyed buildings following an earthquake near the town of Amizmiz, in the Al Haouz region of Morocco, on Sunday.
WORLD / Society
Sep 12, 2023
Morocco planning to hold IMF-World Bank meetings despite quake
The meetings in Marrakech were originally scheduled for 2021, but were postponed twice due to the COVID-19 pandemic.
Anti-World Bank protestors gather outside where the International Monetary and Financial Committee’s plenary session was being held in Washington in mid-April. 
COMMENTARY / World
Aug 28, 2023
The global order’s triple policy challenge and the tasks ahead
With public and private debt at record levels, political leaders face the monumental task of allocating resources to address critical global challenges.
Challenges to the U.S. dollar’s vital role in the world economic and financial system are often said to be imminent, but somehow never materialize.
COMMENTARY / World
Aug 23, 2023
A BRICS common currency is still a pipe dream
The greenback comprises just under 60% of global currency reserves, down from around 70% in 2000. Still that is well above any competitor.
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.
Number of homeless in Japan hits record low
Homeless people sleep on the street in Tokyo's Shinjuku Ward in August 2021.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
'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.
Air China to buy 100 locally made C919 jets in $11 billion deal
A Comac C919 during an aerial display at the Singapore Airshow at Changi Exhibition Centre in Singapore in February
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
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.

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

Prize winner Maki Imoto catches light with glass
Prize winner Maki Imoto catches light with glass

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