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April 20, 2024
 

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JAPANESE ECONOMY

Japan Times
BUSINESS
Jun 29, 2020
Japanese automakers' domestic output plunged 62% in May amid pandemic
The decline was worse than the previous record fall of 60.1 percent in April 2011, when a massive earthquake and tsunami struck northeastern Japan.
Japan Times
BUSINESS / Economy
Jun 29, 2020
May retail sales fell sharply in Japan as emergency declaration stunted demand
Some analysts fear uncertainty about the economy and last year's tax hike could make consumers save more and spend less.
Japan Times
COMMENTARY / Japan
Jun 26, 2020
Japan’s structural problems exposed by COVID-19 crisis
A crisis exposes the contradiction inherent in a society in various forms. That is an important lesson from history. The confusion caused by the COVID-19 crisis has brought various problems of Japanese society into focus. But that also means an opportunity to drastically reform society in one go. It must be closely watched whether the government will address those problems in its basic economic and fiscal policies and growth strategy to be released this summer.
Japan Times
BUSINESS / Economy
Jun 26, 2020
Bank of Japan likely to cut economic forecasts again on COVID-19
The IMF now sees Japan's economy contracting more than first thought as it takes a 5.8 percent hit in 2020 from the virus.
Japan Times
BUSINESS
Jun 26, 2020
Japan to create guidelines to improve conditions for freelancers
The government pledges to offer better protection for people who are not employed in a traditional way by companies.
Japan Times
BUSINESS
Jun 24, 2020
Aging administrative pipeline holds back Japan's ¥230 trillion virus-response aid
Slow response due to small government and lack of digitalization has seen some companies go out of business.
Japan Times
BUSINESS / Economy
Jun 24, 2020
BOJ policymakers voice concerns over deflation risk
Some Bank of Japan policymakers voiced concern at a meeting last week that the coronavirus pandemic could tip the country back into deflation, a summary of opinions released Wednesday showed.
Japan Times
BUSINESS / Companies
Jun 24, 2020
Japan's retailers gain as sales data hints at post-outbreak rebound
Nitori same-store sales jumped 47 percent in June from the same month the previous year, the most on record in data going back to 2012.
Japan Times
BUSINESS / Economy
Jun 23, 2020
Japan seeks closure in post-Brexit U.K. trade talks by end of July
Japan is aiming to conclude its current trade negotiations with the U.K. by the end of next month, according to a Japanese government official familiar with the talks.
Japan Times
BUSINESS
Jun 23, 2020
RCEP members to keep aiming for deal this year, with hopes India will rejoin
The free trade agreement would lower tariffs and set rules on investment and intellectual property for an area covering a third of the global economy.
Japan Times
BUSINESS / Companies
Jun 23, 2020
Department store sales in Japan fell 66% in May, as pace of decline eases
Department store sales dropped 65.6 percent in May from a year earlier as the novel coronavirus pandemic continued to take a toll, but the pace of decline eased following the previous month's record plunge, an industry body said Tuesday.
Japan Times
BUSINESS / Economy
Jun 19, 2020
Japan's economy 'almost stopped deteriorating,' government report says
The government, which said the economy was 'worsening rapidly' in its May report, revised its monthly assessment upward for the first time since January 2018.
Japan Times
BUSINESS / Companies
Jun 18, 2020
Majority of Japan firms cutting jobs and pay to survive pandemic
Over half of the respondents criticized the government's response, dashing hopes for a solid recovery.
Japan Times
BUSINESS / Economy
Jun 18, 2020
Japan banks' overseas investments hit high despite market turmoil
The banks are piling into risky debt overseas to beat their lowly returns on interest rates at home.
BUSINESS
Jun 17, 2020
Summer bonuses at major Japanese firms down 6%
The average bonus at major Japanese companies this summer will fall 6.0 percent from a year before to ¥925,947 due to the coronavirus pandemic and a slowdown in the global economy, the Japan Business Federation, or Keidanren, said in a preliminary survey report Wednesday.
Japan Times
COMMENTARY / Japan
Jun 17, 2020
Japan’s new wave: Cash, bankruptcies and inequality
The pandemic will widen the wealth gap. Bigger firms will survive, while the small decide it's not worth it.
Japan Times
BUSINESS
Jun 16, 2020
Bank of Japan expands financing support for firms hit by virus
Central bank to boost corporate support from u00a575 trillion to u00a5100 trillion
Japan Times
BUSINESS / Markets
Jun 15, 2020
BOJ looks to sit tight while assessing coronavirus response
The central bank doesn't see a pressing need for further moves now but many economists surveyed expect the size of its loan program linked to state lending to rise.
Japan Times
JAPAN
Jun 12, 2020
Japan enacts record extra budget to address pandemic fallout
The Upper House's budget panel endorsed the package, focusing on financial aid for front-line medical staff and subsidies for small businesses.
Japan Times
BUSINESS / Markets
Jun 12, 2020
Bank of Japan’s aid to lenders hasn't warmed them to negative rates
For the country's commercial banks, the BOJ's sub-zero rates strategy aimed at stimulating the economy and prices has eroded their profit margins.
No link to Nankai Trough quake seen after temblor in Shikoku
Satoshi Harada from the Meteorological Agency explains about the magnitude 6.6 earthquake during a news conference early Thursday.
Tehran signals no retaliation against Israel after drones attack Iran
A reported strike against Iran by Israel on Friday came against the backdrop of Iran's support for the Palestinian Hamas militant group, whose assault into Israel on Oct. 7 triggered Israel's invasion of Gaza.
In a first, Japan doctors sue Google over negative reviews on firm's map app
One of the lawyers representing a group of doctors suing Google told a news conference that the main purpose of the lawsuit is not to seek compensation but instead to raise awareness over various problems with the Google Maps system.
Former No. 1 Kento Momota retires from international badminton at 29
Badminton star Kento Momota leaves a news conference after announcing his retirement from Japan's national team, in Tokyo on Thursday.
Thousands evacuated as Indonesia volcano erupts
Indonesia's Mount Ruang spews hot lava and smoke as seen from Sitaro, North Sulawesi, on Wednesday.
'House of the Owl' brings Hollywood values to Japanese TV
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
Benefits and risks: AUKUS looks to take gamble on Japan
U.S. President Joe Biden, Australian Prime Minister Anthony Albanese and British leader Rishi Sunak deliver remarks on the AUKUS partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego in March last year.
Kyoto’s demon night parade lives to haunt another day
In a Kyoto long past, the "hyakki yagyō" (100 demon night parade) haunted a sleepy corner of Kyoto. Now, one enterprising monster enthusiast has won a small batttle to keep the march alive.
U.S. deploys midrange missile system in Indo-Pacific for first time
A U.S. Army Mid-Range Capability (MRC) Launcher arrives as part of the capability’s first deployment into theater on Northern Luzon, Philippines, April 8.
Unpacking the chaotic by-election in a scandal-hit Tokyo district
People listen to a campaign speech in Tokyo's Koto Ward on Tuesday.

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

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on
By Lance Henderstein

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