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May 01, 2024
 

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JAPANESE PERSPECTIVES

BUSINESS / JAPANESE PERSPECTIVES
Mar 2, 2009
Zero-rate bonds must be studied but 'invoice system' shows promise
F inance ministers and central bankers from the Group of Seven top economies wrapped up two days of talks last month with the recognition that the global economy will continue to deteriorate this year, and urged governments to act in concert to stabilize their finance sectors and inject stimulus to boost demand.
BUSINESS / JAPANESE PERSPECTIVES
Feb 2, 2009
Themes of adulthood, inclusiveness set tone for remaking America
In his inaugural address as 44th president of the United States, Barack Obama said: "We remain a young nation but, in the words of the Scripture, the time has come to set aside childish things."
BUSINESS / JAPANESE PERSPECTIVES
Jan 26, 2009
Trimming bureaucracy would give Japan years of 'buried treasure'
Every time a new economic indicator is released by the government, it becomes even more evident that this year will be a tough one for the Japanese economy.
BUSINESS / JAPANESE PERSPECTIVES
Dec 29, 2008
Finance, goods must reconcile to restore economic partnership
Crises come and crises go, but this one seems to be in a class of its own. And now that it has arrived, it doesn't look like it's going away anytime soon.
BUSINESS / JAPANESE PERSPECTIVES
Dec 22, 2008
Dollar must be more than convenient to run global economy
The dollar is strengthening against all major currencies except the yen. That the currency of the nation where the subprime crisis originated — and where the Big Three automakers are begging for federal help to survive — should get stronger appears strange.
BUSINESS / JAPANESE PERSPECTIVES
Dec 1, 2008
Aso reveals more than wealth gap with kanji-reading blunders
So now we know. Aso the "manga" man cannot read Japanese. At least not when it is written in kanji. The newspapers have been full of revelations these past few weeks about Prime Minister Taro Aso's slipups in the art of kanji deciphering.
BUSINESS / JAPANESE PERSPECTIVES
Nov 24, 2008
G20's shared crisis Obama's first entree?
With the messages of "Change" and "Yes, we can," Democratic Sen. Barack Obama won the U.S. presidential election on Nov. 4. Apparently aided by the financial crisis that unfolded under the Republican administration of George W. Bush, Obama scored a resounding victory that gave him more than double the number of Electoral College votes that went to the Republican candidate John McCain.
BUSINESS / JAPANESE PERSPECTIVES
Nov 3, 2008
Halloween in Japan: a commercial break from global nightmare
Since when was Halloween such a big thing in Japan? Admittedly, you could see it coming these past few years. But this autumn it is simply everywhere.
BUSINESS / JAPANESE PERSPECTIVES
Oct 27, 2008
Failure of 'last resort' speaks volumes about need for global control
T he Bank of Japan began an operation in mid-September to supply U.S. dollars to institutions participating in the Tokyo money market, including foreign banks and brokerage houses. This operation, part of a joint effort by central banks around the world to fight the credit crunch that followed the collapse of the U.S. housing market, was made imperative by the fact that interbank lending of dollars — a basic component of the financial system — broke down.
BUSINESS / JAPANESE PERSPECTIVES
Oct 6, 2008
Japan has nothing to fear but fearlessness
The accepted wisdom seems to be that Japan is being less affected than most by the ongoing banking crisis. I wouldn't bank on it.
BUSINESS / JAPANESE PERSPECTIVES
Sep 29, 2008
U.S., Japanese crises share factors from Great Depression
The upheaval in the U.S. financial system since Lehman Brothers filed for bankruptcy under Chapter 11 two weeks ago has triggered turmoil worldwide.
BUSINESS / JAPANESE PERSPECTIVES
Sep 1, 2008
WTO should remember global equals multilateral, not bilateral refereeing
When the Doha Round of trade negotiations broke down some weeks ago, no one was particularly surprised. Nor did anyone seem to care all that much.
BUSINESS / JAPANESE PERSPECTIVES
Aug 25, 2008
Subprime-mortgage crisis in third stage
The subprime-mortgage problem has entered a third phase.
BUSINESS / JAPANESE PERSPECTIVES
Aug 4, 2008
Keeping the global circus in business a matter of balance
Does the presence of a safety net make people too reckless, lazy and dependent? Or does it allow people to experiment, develop skills in a secure environment and prevent the penalization of healthy high spirits.
BUSINESS / JAPANESE PERSPECTIVES
Jul 28, 2008
Failure to address climate change like spitting in the wind
The Toyako G8 Summit held from July 7 to 9 with the participation of leaders from 23 other countries exposed the wide rift between the developed and developing worlds and failed to reach concrete agreements on key issues ranging from climate change to surging oil and food prices and the weak dollar.
BUSINESS / JAPANESE PERSPECTIVES
Jun 30, 2008
What gold is telling us about global economy
Look at these numbers: 21, 35 and 1,000. What kind of vital statistics would you say these were? The amount of calories you need to deny yourself to get back into shape? The number needed on your point card to earn the cash back you covet at your local supermarket?
BUSINESS / JAPANESE PERSPECTIVES
Jun 23, 2008
The savings exodus and Japan's pursuit of higher financial IQ
On May 20, the Education, Culture, Sports, Science and Technology Ministry and the Financial Services Agency jointly submitted a request letter asking the heads of national and private universities across Japan to improve the quality of financial education.
BUSINESS / JAPANESE PERSPECTIVES
May 26, 2008
In a world lacking heroes against poverty and inflation, Don Quixote, where are you?
As surely as night follows day, credit crunches are followed by recessions, if not great depressions. Whether we are on the verge of a 21st century version of the 1930s, however, still remains to be seen.
BUSINESS / JAPANESE PERSPECTIVES
May 19, 2008
Does Emperor pose hurdle to forming a common Asia market?
The slowing United States and its subprime-mortgage woes are promoting the need for economic interdependency in Asia, but various hurdles must be overcome before the widely diverse economies can further solidify regional ties.
BUSINESS / JAPANESE PERSPECTIVES
Apr 28, 2008
Closing of global mind bodes ill for future of globalization
"The Closing of the American Mind" is a book that no doubt many readers will be familiar with. As an indictment of higher education and the corrosion of the intellect in 1980s America, this book caused a sensation and earned well deserved acclaim. I am reminded of this title because we seem to be suffering from something of a closing of the global mind these days.
'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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