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May 07, 2024
 

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JAPANESE ECONOMY

Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024
Japan warns of action over rapid currency moves
Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
BUSINESS / Economy
May 6, 2024
Japan's labor crunch persists despite slight improvement
Companies involved in IT engineering fared the worst, with more than 7 in 10 saying they didn't have enough workers and had to resort to forgoing projects.
Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024
Half of new NISA investments went to Japanese stocks
Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
JAPAN / Society
May 4, 2024
Japan’s record-low children population weighs on growth
The number of children 14 years old or younger fell for the 43rd straight year to around 14.01 million as of April 1.
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan to prop up the currency.
BUSINESS / Markets
May 4, 2024
Traders spooked by intervention risk trim record yen shorts
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan.
Shunichi Suzuki, Japan's finance minister
BUSINESS / Markets
May 4, 2024
Japan’s finance minister keeps traders guessing on yen intervention
The comments came days after Japanese authorities apparently entered the market to support the yen on two occasions this week.
Former U.S. Treasury Secretary Lawrence Summers
BUSINESS / Economy
May 4, 2024
Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale
Policymakers likely spent some ¥9 trillion this week, an analysis of Bank of Japan accounts shows.
Tokyo stands alone in the Group of Seven. Far from shutting down polluting fuel plants, it’s opening them.
COMMENTARY / Japan
May 2, 2024
The dog ate Japan’s plan to phase out coal power
Under the country’s current strategic energy plan, coal will still account for about 19% of generation in 2030.
Despite bustling cities like Tokyo and Osaka, Japan faces a rising number of abandoned properties, particularly in rural areas, which pose risks to communities and economies.
EDITORIALS
May 3, 2024
Abandoned homes will be a big part of Japan’s future
Statistics reveal a significant increase in vacant and abandoned homes, with projections indicating a further rise unless addressed soon.
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
BUSINESS / Markets
May 3, 2024
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
The yen was at around ¥157.55 per dollar when it suddenly spiked, strengthening as far as ¥153 over the next half hour.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024
U.S. bonds brace for impact of Japan’s currency moves
Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024
Japan firms reach pain threshold as yen keeps testing lows against the dollar
The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024
Yen swings stir talk that Japan is in the FX market once again
The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a policy meeting at the BOJ's headquarters in Tokyo on March 19.
BUSINESS / Economy
May 2, 2024
BOJ saw need to let markets drive yields upon March exit: minutes
The bank ended eight years of negative interest rates and its bond yield control at its March policy meeting.
An electric screen displaying the Nikkei share average and yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
May 1, 2024
For Japan Inc., the weak yen may be too much of a good thing
The currency's weakness has pushed up costs of raw materials, food and fuel.
The root cause of yen weakness lies in the U.S., not Japan, with the currency falling to its weakest since around 1990.
COMMENTARY / Japan
May 1, 2024
Japan should leave its currency bazooka at home
The root cause of yen weakness lies in the U.S., not Japan. That makes the latter's options very limited.
An analysis of the Bank of Japan's accounts suggests an intervention of about ¥5.5 trillion took place on Monday to prop up the yen.
BUSINESS / Markets
May 1, 2024
BOJ accounts suggest Japan intervened to support yen
The Bank of Japan said its current account will probably fall ¥7.56 trillion — much bigger than the drop of about ¥2.1 trillion estimated.
Kirin Beverage will raise the suggested retail price of its 1.5-liter Gogo no Kocha tea product to ¥432 from ¥400.
JAPAN
Apr 30, 2024
Prices of 417 food items to go up in Japan in May
Although the figure fell for the fifth straight month, the rate of price increase averaged 31%, the highest since the monthly statistics began in 2022.
Japan's industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines.
BUSINESS / Economy
Apr 30, 2024
Japan’s factory output records weakest quarter since pandemic
The yen’s plunge to a fresh 34-year low versus the dollar could spur a resurgence of cost-push inflation via higher costs for imports of food and energy.
Japan's government debt has grown to the equivalent of more than 250% of the nation’s economy, more than any of its peers.
BUSINESS / Economy
Apr 30, 2024
Japan’s debt dilemma may doom any FX intervention, Brooks says
The consequences have been a sharply weaker yen, which has lost more than a quarter of its value against the U.S. dollar since March 2022.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
After blockbuster boxing victory, what next for ‘Monster’ Inoue?
Naoya Inoue celebrates his victory over Luis Nery in their IBF-WBA-WBC-WBO super bantamweight title boxing match at Tokyo Dome on Monday.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.
Pentagon reveals drone types for Replicator program to counter China
A U.S. Naval Special Warfare Operator fires a Switchblade 300 loitering munition during training exercises in Fallon, Nevada, last July. The U.S. Defense Department plans to use small drones — known in the Pentagon as “all-domain attritable autonomous systems” — to help counter Chinese military systems and tactics.
As visitors surge, Japan seeks ways to make tourism eco-friendly
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
Kishida talks up bolstered Latin American ties as China cements position
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.

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