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May 01, 2024
 

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JAPANESE PERSPECTIVES

BUSINESS / JAPANESE PERSPECTIVES
Sep 1, 2003
Surge in JGB issuance proves need for Koizumi reform drive
The preliminary GDP figures for the latest quarter, released Aug. 12, show that Japan's economy grew at an annualized rate of 2.3 percent in the April-June period. The economy is on a continuing uptrend, with GDP having expanded six quarters in a row since the January-March period of last year.
BUSINESS / JAPANESE PERSPECTIVES
Aug 25, 2003
What has your political party done for you lately?
The Nippon Keidanren is working on a set of guidelines aimed at encouraging member companies to donate to political parties and evaluate their policies. I would like to provide some background on the objectives of this ongoing effort.
BUSINESS / JAPANESE PERSPECTIVES
Aug 4, 2003
Seasonal thoughts on Japan's sweltering summer troubles
Summer is as much the silly season in Japan as well as elsewhere. Nothing much moves forward and the papers struggle to find suitable topics to comment on. So do economists. Here are some thoughts for the season.
BUSINESS / JAPANESE PERSPECTIVES
Jul 21, 2003
Will tax reform succeed at ensuring our social security?
The government has tackled tax reform as a means of beefing up Japan's economic vigor, cutting corporate tax rates and introducing cuts specifically aimed at promoting research and development projects.
BUSINESS / JAPANESE PERSPECTIVES
Jun 30, 2003
Devolution trinity needs more than a moniker to succeed
Fewer subsidies, less transfers, more taxing power. Thus goes Prime Minister Junichiro Koizumi's "trinity" of local government reforms.
BUSINESS / JAPANESE PERSPECTIVES
Jun 23, 2003
Fallout from Iraq war loosening dollar's global stranglehold
Until recently, the euro has been moving consistently higher against the other major currencies, at one point hitting highs of $1.20 and 140 yen. But its rise appears to have slowed now, with the new unified currency now stuck in the $1.17-$1.18 range.
BUSINESS / JAPANESE PERSPECTIVES
Jun 16, 2003
Stocks won't recover unless regulators get serious about oversight
Tokyo share prices are on shaky ground. While the Nikkei 225 Stock Average has managed to recover from the deep slump it was in from March to mid-May, spending the whole time below 8,000 but trading in the upper half of the 7,000 range -- the key index remains far below 14,000, the level it was at when Prime Minister Junichiro Koizumi took office in April 2001.
BUSINESS / JAPANESE PERSPECTIVES
Jun 2, 2003
Consequences of eternal stability may mummify Japan's economy
Stability is a good thing. But you can always have too much of a good thing. Too much stability turns into rigidity. Rigidity begets stagnation. Stagnation leads to decline. Decline leads to death. Such is the dynamics of economic activity.
BUSINESS / JAPANESE PERSPECTIVES
May 26, 2003
Floating ABCPs on open market could repair interest rate gap
On May 17, the finance ministers of the world's major powers gathered in Deauville, France as part of efforts to set the stage for the annual Group of Eight summit in Evian. A statement adopted at the meeting urged Japan to pursue structural reforms in its financial and corporate sectors and overcome its deflationary woes.
BUSINESS / JAPANESE PERSPECTIVES
May 19, 2003
It's time to meet expectations by installing stock-market package
Japan managed to avoid the so-called March crisis as share prices picked up temporarily toward the end of the month. However, the stock market remained in a slump in April, with the Nikkei average dipping at one point to the 7,600 range.
BUSINESS / JAPANESE PERSPECTIVES
Apr 28, 2003
Time for Japan to return to reality and give us safer reasons to invest
"Wonderful thing, death. So uncontroversial," said Jim Hacker, the hero of BBC TV's highly successful 1980s political sitcom "Yes Prime Minister."
BUSINESS / JAPANESE PERSPECTIVES
Apr 21, 2003
Evasive accounting will darken already cloudy economic outlook
Now that the war in Iraq has completed a crucial phase, a major source of uncertainty for the world economy appears to have been eliminated. However, the global economic outlook still remains cloudy, as illustrated by the fall in share prices that occurred when Baghdad fell into the hands of the U.S.-led forces. This cloudiness is being caused by such factors as the daunting task of rebuilding Iraq, the lingering risk of terrorism, and the outbreak of severe acute respiratory syndrome (SARS), all of which are exerting heavy downward pressure on the major economies.
BUSINESS / JAPANESE PERSPECTIVES
Apr 14, 2003
Take heart! Japan can beat deflation, create jobs through 2010: JBF
People are becoming increasingly wary of the condition of the Japanese economy and uncertain of its future. Some media commentators and economists speak as if the economic slump is going to continue for another decade, or even another century.
BUSINESS / JAPANESE PERSPECTIVES
Mar 31, 2003
The economics of friendly fire
Friendly fire is a terrible thing to be a casualty of. But such things happen in the battlefield. As has indeed been happening in the Iraqi war zone.
BUSINESS / JAPANESE PERSPECTIVES
Mar 24, 2003
Will new BOJ governor be able to navigate tricky global waters?
Fukui Toshihiko was officially sworn in as new governor of the Bank of Japan on Thursday, with former Vice Finance Minister Toshiro Muto and Kazumasa Iwata, a senior Cabinet official, appointed as vice governors. Under the revised BOJ Law of 1998, all members of the BOJ Policy Board are to serve a five-year tenure. It is Fukui, Muto and Iwata, plus the six other members currently on the board, who will be responsible for steering the nation's monetary policy in the coming years.
BUSINESS / JAPANESE PERSPECTIVES
Mar 3, 2003
Unorthodox likely to be deprived of death wish
So now we know. After much speculation, leaking and hearsay, the next governor of the Bank of Japan has been named. Toshihiko Fukui it is, to the surprise and dismay of many it seems, judging by immediate media reactions here and elsewhere.
BUSINESS / JAPANESE PERSPECTIVES
Feb 24, 2003
Like real reforms, banking crisis this spring unlikely to materialize
Each spring in recent years, people have started talking about a financial crisis in Japan as the month of March draws near. In about five weeks, most Japanese firms will be closing their books for fiscal 2002, and I would like to discuss this year's situation from several perspectives.
BUSINESS / JAPANESE PERSPECTIVES
Feb 17, 2003
FTC's 'procedures' trample human rights
Article 11 of the Constitution says, "The people shall not be prevented from enjoying any of the fundamental human rights. These fundamental human rights guaranteed by this Constitution shall be conferred upon the people of this and future generations as eternal and inviolable rights." The principle of guaranteeing basic human rights is known to all Japanese who have received elementary school education.
BUSINESS / JAPANESE PERSPECTIVES
Feb 3, 2003
Beware of the risks of inflation targeting
America borrows to keep growing. China grows to keep standing still. And Japan stands still to keep from falling apart.
BUSINESS / JAPANESE PERSPECTIVES
Jan 20, 2003
Hike in consumption tax center of lobby's vision
The Japan Business Federation (Nippon Keidanren) on Jan. 1 released a grand vision aimed at reviving Japan into a vigor- ous and attractive nation.
'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.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Golden Week crowds greeted with high temperatures as holiday period kicks off
The departure lobby for domestic flights is crowded with travelers at Haneda Airport in Tokyo on Saturday, the first day of this year's Golden Week holidays.
India seen overtaking Japan in nominal GDP in 2025
The skyline of central Mumbai's financial district
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.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the 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.

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