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May 03, 2024
 

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JAPANESE ECONOMY

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.
Japan Times
BUSINESS / Economy / FOCUS
Jun 12, 2020
Women bear brunt of Japan's recession as pandemic unravels Abe's 'Womenomics'
Many women lack the job security of male workers, with more than half holding vulnerable part-time, contract or temporary jobs.
Japan Times
COMMENTARY / Japan
Jun 11, 2020
Don't bet against post-pandemic Japan
Japanese corporations are in an excellent position to use the global economic crisis as an opportunity.
Japan Times
BUSINESS
Jun 11, 2020
Confidence at Japan's large firms drops to 11-year low amid pandemic
The reading from the government survey is the lowest since the first quarter of 2009, during the global financial crisis.
Japan Times
JAPAN
Jun 10, 2020
Japan's Lower House passes second extra budget for coronavirus package
The House of Representatives Wednesday approved a draft second extra budget for fiscal 2020 totaling ¥31.91 trillion ($296 billion), to provide additional funding to front-line medical workers and support people reeling from the coronavirus pandemic.
Japan Times
BUSINESS / Economy
Jun 10, 2020
Japan's April machinery orders drop to six-year low amid coronavirus outbreak
Orders from manufacturers inched down 2.6 percent to u00a5334.18 billion, while those from nonmanufacturers plummeted 20.2 percent to u00a5406.33 billion.
Japan Times
BUSINESS / Economy
Jun 9, 2020
Japan's economy watcher sentiment up for first time in four months
The diffusion index of confidence among 'economy watchers' such as taxi drivers and restaurant staff rose 7.6 points from the previous month to 15.5.
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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