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May 03, 2024
 

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JAPANESE ECONOMY

Japan Times
BUSINESS / Economy
Aug 17, 2020
Japan's second quarter GDP shrinks at record 27.8% amid pandemic
Even before the virus's spread, the economy had been affected by the U.S.-China trade spat and a consumption tax hike last year.
Japan Times
BUSINESS / Companies
Aug 14, 2020
Total profit at Japan firms cut in half in April-June as pandemic bites
The combined net profit of listed Japanese firms tumbled 53.7 percent in the April-June period from a year earlier to ¥4.68 trillion ($44 billion), hit by the coronavirus pandemic that has depressed global economic activity, data by a securities firm showed Friday.
Japan Times
BUSINESS
Aug 14, 2020
Japan’s economy set to crater by a record in awful quarter
Analysts see gross domestic product contracting at an annualized pace of 27 percent in the three months through June.
Japan Times
BUSINESS / Economy
Aug 11, 2020
Japan's current account surplus shrinks to five-year low as exports plunge
The effects of the coronavirus are being felt across all branches of the economy.
Japan Times
BUSINESS / Companies
Aug 11, 2020
Bankruptcies in Japan edge down in July despite COVID-19
The data suggests that government measures may be helping keep businesses afloat amid the pandemic.
Japan Times
BUSINESS / Economy
Aug 11, 2020
Japan banks kept lending at record pace in July as pandemic pain persists
The figures mark the fastest pace of growth since comparable data became available in 2001.
Japan Times
JAPAN
Aug 7, 2020
Japan OKs use of ¥1.13 trillion in reserve funds to fight pandemic
The latest money comes in addition to a total of u00a511.5 trillion in reserve funds already dedicated by the government to the fight against the coronavirus.
Japan Times
BUSINESS / Economy
Aug 7, 2020
Household spending data signals recovery in Japan from spring coronavirus slump
The figure fell compared on the year for the ninth straight month, continuing the trend that began in October when the consumption tax rate was raised to 10 percent.
Japan Times
BUSINESS / Companies / FOCUS
Aug 7, 2020
Japan short of rescue plans for regional lenders hit by pandemic
The coronavirus pandemic is deepening the pain for Japan's regional lenders, heightening concerns that a potential wave of business closures will test policymakers' ability to avert a damaging banking-sector crisis.
Japan Times
BUSINESS / Economy
Aug 6, 2020
Job offers for university graduates in 2021 drop 15.1% due to pandemic
The ratio of job offers to applicants worsened for the second year in a row to 1.53 from 1.83, the steepest fall since 2011.
Japan Times
BUSINESS / Economy
Aug 4, 2020
Japan gives regional economies better grades after virus slump
The upward revision to the assessment, the first since October 2017, came despite uncertainty over the outlook amid the recent resurgence of the virus.
Japan Times
BUSINESS / Economy
Aug 3, 2020
Japan’s economy shrinks at same pace in first quarter as capital expenditures hold up
The data that continued to show Japan was in a recession before the coronavirus pandemic took its heaviest toll.
Japan Times
JAPAN
Aug 1, 2020
'Higher culture' Japan acted like it had the virus under wraps, but now it’s everywhere
Japan risks becoming a warning for what happens when a country moves too fast to normalize its economy and doesn't adjust its strategy when the outbreak changes.
Japan Times
BUSINESS / Economy
Aug 1, 2020
Pandemic to delay Japan's quest to achieve fiscal health until 2029
Japan has long had the worst fiscal health of the advanced economies and its public debt stands at over u00a51.1 quadrillion.
Japan Times
BUSINESS / Economy
Jul 31, 2020
Japanese industrial output rose for first time in five months in June
Accurate predictions on future figures are difficult, though, as COVID-19 cases in urban areas increase.
Japan Times
BUSINESS / Economy
Jul 30, 2020
Japan fell short of 73-month postwar growth record, panel says
Japan's economy expanded for 71 consecutive months through October 2018, a government panel concluded Thursday, meaning that the country fell two months short of a record-long post-war growth period as suggested by the administration of Prime Minister Shinzo Abe.
BUSINESS
Jul 29, 2020
Fitch revises Japan’s long-term outlook from stable to negative
The firm kept the rating itself unchanged, following a similar move last month by S&P Global Ratings.
Japan Times
JAPAN / FOCUS
Jul 28, 2020
Cushy coronavirus aid contract puts Japan ad giant Dentsu under spotlight
The ad giant has acquired the task of distributing a $20 billion package to help ailing businesses.
Japan Times
BUSINESS / Economy / FOCUS
Jul 27, 2020
Coronavirus resurgence endangers Japan’s economic recovery scenario
Consumer mood may be headed for another downward swing, which would be devastating for companies that barely survived the initial pandemic damage.
Japan Times
BUSINESS / Economy
Jul 27, 2020
BOJ policymakers voice concerns over possibility of slow recovery
The country's economy is expected to shrink 4.7 percent in fiscal 2020 but grow 3.3 percent in fiscal 2021.
'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.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
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 vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
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.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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