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May 03, 2024
 

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JAPANESE ECONOMY

Japan Times
BUSINESS / Economy
Jul 9, 2020
Bank of Japan downgrades all regional economies due to coronavirus
Governor Haruhiko Kuroda said the country's economy had been in “an extremely severe situation' amid the pandemic.
Japan Times
BUSINESS / Economy
Jul 9, 2020
'Economy watcher' survey got record lift in June as sentiment rebounded
The lifting of the state of emergency spurred a 23-point jump in sentiment from May, the sharpest since January 2002.
Japan Times
BUSINESS / Economy
Jul 9, 2020
Japan's machinery orders tick up but factory demand patchy
Expenditure unlikely to strengthen, as weak demand and the risk of a second wave of infection are discouraging manufacturers from boosting nonurgent spending.
Japan Times
BUSINESS / Economy
Jul 8, 2020
Japan's June business failures hit monthly high for the year
The number of bankruptcies caused by the fallout of the COVID-19 epidemic came to 94 in June, the highest monthly count ever.
Japan Times
BUSINESS / Economy
Jul 8, 2020
Japan's May current account surplus down 27.9% amid virus pandemic
Imports dropped 27.7 percent to u00a54.75 trillion, down for the 13th successive month, partly due to falling crude oil prices.
Japan Times
BUSINESS / Companies
Jul 8, 2020
Banks with ‘shattered’ business models warned by Japan to adapt
Concerns are mounting that some banks are too weak to withstand the coronavirus-fueled recession and may eventually need to be rescued or delisted.
Japan Times
BUSINESS / Economy
Jul 7, 2020
Japan household spending down by record amount
May saw the figure drop by 16.2 percent on the previous year, for the second consecutive record monthly low.
Japan Times
BUSINESS / Economy
Jul 7, 2020
Japan airs concerns over U.S. work visa halt
Foreign Minister Toshimitsu Motegi said move could hurt both Japanese companies and the U.S. economy.
Japan Times
BUSINESS / Economy
Jul 7, 2020
Trade ministry calls for supply chains revamp
A white paper also calls for better cooperation during times of crisis, and criticizes the actions of some nations during the pandemic.
Japan Times
BUSINESS
Jul 7, 2020
Japan's May overtime pay logs biggest-ever dip
Monthly wages have also dropped, marking their third consecutive month of decline.
Japan Times
BUSINESS / Economy
Jul 1, 2020
Virus pushes Japanese business sentiment down to lowest level in 11 years
Business sentiment among large Japanese manufacturers in June plunged to the lowest level since June 2009 due to the economic fallout from the novel coronavirus pandemic, the Bank of Japan's tankan survey showed Wednesday.
Japan Times
BUSINESS / Economy
Jul 1, 2020
Land prices in Japan rise 1.6% on average, up for fifth consecutive year
The increase was supported by a rise in development projects and foreign visitors, but prices are threatened by the fallout from the coronavirus pandemic.
Japan Times
BUSINESS / Economy
Jun 30, 2020
Japan's May job availability logs sharpest drop in 46 years
The latest rate saw the steepest month-to-month fall since January 1974 when the economy entered a downturn phase in the wake of the oil crisis, the labor ministry said.
Japan Times
BUSINESS / Economy
Jun 30, 2020
Japanese factory output drops again even as emergency ends
Japan’s industrial production dropped again in May even as a nationwide state of emergency was lifted, showing the severity of the pandemic’s impact on the export-reliant manufacturing sector.
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.
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.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'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.
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.
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.
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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