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July 27, 2024
 

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TRADE

International Monetary Fund guidance on industrial policy must balance protection with market discipline and emphasize fiscal prudence.
COMMENTARY / World
Jul 25, 2024
What fiscally sound industrial policy can do
Industrial policy can help countries cope with growing economic and political uncertainty. But the details matter.
Turkey has facilitated the flow of Russian oil to the European Union, enabling the Kremlin to circumvent the bloc’s sanctions and prolonging the Ukraine war.
COMMENTARY / World
Jul 24, 2024
Europe must clamp down on Russian oil flows through Turkey
Turkey has facilitated the flow of Russian oil to the European Union, enabling the Kremlin to circumvent the bloc’s sanctions and prolonging the Ukraine war.
The Ukedo fishing port in the town of Namie in Fukushima Prefecture in March. In 2022, Taiwan lifted most of its import restrictions on food produced in five prefectures including Fukushima.
JAPAN / Society
Jul 24, 2024
Taiwan set to lift remaining import restrictions on Japanese food
The latest measure will cover products such as mushrooms and the meat of wild animals.
People visit the Volkswagen booth at the Beijing International Automotive Exhibition, on April 25.
BUSINESS / Companies
Jul 24, 2024
Volkswagen is reeling in China. Can EVs help it grow in the U.S.?
Volkswagen CFO Arno Antlitz said the company expects to continue losing China market share and hopes to merely maintain its position in Europe.
The Porsche booth at the Beijing International Automotive Exhibition in Beijing on April 25
BUSINESS / Economy
Jul 24, 2024
China’s slowdown is taking a rising toll on European profits
From luxury brands to carmakers, more trouble is coming for European businesses heavily reliant on demand in the Asian economic giant.
Samsung Electronics' headquarters in Suwon, South Korea, on June 13, 2023
BUSINESS / Tech
Jul 24, 2024
Nvidia clears Samsung's HBM3 chips for use in China-market processor
Nvidia's approval of the chips comes amid soaring demand for sophisticated graphics processing units.
Australian grape exports to Japan are expected to rise as Tokyo has fully opened the market for the fruit.
BUSINESS / Economy
Jul 23, 2024
Japan opens up its market for Australian grapes
The Australian government aims to increase the country's annual grape exports to Japan to about AU$50 million, or 2.5 times the current figure, within several years.
Nvidia CEO Jensen Huang presents on the chipmaker's Blackwell platform at an event ahead of the Computex forum, in Taipei on June 2. The flagship Blackwell series was unveiled in March.
BUSINESS / Tech
Jul 22, 2024
Nvidia preparing version of new flagship AI chip for Chinese market, sources say
The Chinese version of the chip will be made compatible with current U.S. export controls.
An event to promote wagyu beef is held in New York on Sunday.
JAPAN
Jul 22, 2024
Japan targets beef exports with wagyu promotional event in New York
Japan's beef exports to the U.S. rose 1.6% in 2023 from the previous year making it the country's second-largest beef export market after Taiwan.
The U.S. and its allies have accused China of supporting Russia's war in Ukraine, in part by exporting parts and equipment needed by Moscow's weapons makers, including semiconductors.
BUSINESS / Tech
Jul 22, 2024
Illicit chip flows to Russia seen slowing in China
Both mainland China and Hong Kong are seen by the U.S. government as key global nodes for Russia to source materials for its military.
The No. 1 reactor building stands at Korea Hydro & Nuclear Power Co.'s Shin-Kori nuclear power plant in Ulsan, South Korea.
BUSINESS
Jul 21, 2024
South Korea edges ahead of rivals to build Europe’s nuclear reactors
A pair of projects in the Czech Republic could set up South Korea to build reactors for Western countries that are reconsidering nuclear energy.
U.S. pressure to slow Beijing’s advances in making semiconductors led the Netherlands to ban exports to China of ASML’s second-most advanced category of machinery at the start of the year. But ASML continues to service machines that were bought before the restrictions were in place.
BUSINESS / Companies
Jul 18, 2024
ASML falls as outlook clouded by risk of U.S. export curbs
ASML shares plunged 11% in Amsterdam on Wednesday to €870.90 ($952), wiping out €42.7 billion of market value — its biggest decline since March 2020.
Japan’s exports grew for a seventh consecutive month in June, government data has shown.
BUSINESS / Economy
Jul 18, 2024
Japan’s exports rise for seventh month, supporting growth
Exports gained 5.4% in June from a year ago, led by chip-making gear and nonferrous metals.
Former U.S. President and 2024 Republican presidential candidate Donald Trump speaks to his vice presidential pick, Sen. J.D. Vance, during the second day of the Republican National Convention in Milwaukee, Wisconsin, on Tuesday.
WORLD / Politics / FOCUS
Jul 17, 2024
Trump's VP pick signals stronger focus on China
J.D. Vance represents a hardening of Trump’s “America First” stance, but could also help push a tougher line on China and support for democratic Taiwan.
Britain's Business, Energy and Industrial Strategy Secretary Jonathan Reynolds leaves at the end of a cabinet meeting at 10 Downing Street in London on July 9.
BUSINESS
Jul 17, 2024
New British trade minister optimistic EU trade barriers can be eased
While the newly elected Labour Party has pledged not to reopen the U.K.'s Brexit deal, it is aiming for a new agreement to reduce border checks on animal products.
The production plant of GCL Technology in Xuzhou, Jiangsu province, China, on July 2
BUSINESS / Economy
Jul 16, 2024
Xi Jinping’s great economic rewiring is cushioning China’s slowdown
Tech advances and a resulting export boom have helped to keep economic growth within reach of its targeted pace of around 5%.
Prime Minister Fumio Kishida and German Chancellor Olaf Scholz speak to reporters in Berlin on Friday.
JAPAN / Politics / ANALYSIS
Jul 13, 2024
Japanese and German leaders deepen ties with new economic security framework
Prime Minister Fumio Kishida and German Chancellor Olaz Scholz agreed on the new mechanism during the Japanese leader's first visit to the country as PM.
Li Genyuan stands by his wheat fields, which form part of an experiment to turn salty land into arable land, in Nanliuhe village, Shandong province, China, in May. Having returned to farming after working for a decade in construction and textiles, he now manages about 67 hectares of fields where corn and soybeans are also grown.
ASIA PACIFIC
Jul 12, 2024
Xi’s campaign to feed China is turning wasteland into farms
The Chinese president has placed increased emphasis on self-reliance as ties with the West fray and climate change disrupts harvests.
Foreign Minister Yoko Kamikawa (center-left) meets with Samoan Prime Minister Afioga Fiame Naomi Mata’afa (center-right) in Samoa in February. Like other Pacific island and Global South states, Samoa is caught in the crossfire of the U.S.-China rivalry.
COMMENTARY / World / Geoeconomic Briefing
Jul 11, 2024
Japan can help Global South navigate U.S.-China clash
As Washington and Beijing adopt more inward-looking foreign policies, Japan can be a bridge to Global South countries, whose main concerns are security and growth.
Japan's excessive dependence on certain countries for chip imports is a risk to supply networks, government white paper has warned.
BUSINESS / Economy
Jul 9, 2024
Government white paper flags Japan's risks of import dependencies
The paper stressed the importance of import source diversification, to prevent excessive dependence that poses a risk to supply networks.
Japan's population continues to fall even as foreign resident count rises
The number of residents in Tokyo as of Jan. 1 rose by 0.03% from a year before, data shows, marking a year-on-year increase for the first time in three years, while the country's other 46 prefectures saw their populations continue to decline.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
One dead, three missing as heavy rain batters Tohoku
Camera footage shows the Mogami River bursting its banks in Tozawa, Yamagata Prefecture, on Friday morning.
Yen melt-up nudges Japanese stocks into correction territory
Japanese stocks are down 10% from their July peak as the yen strengthens.
Yen rally could help end crushing wage decay in Japan
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
Japan’s minimum wage set for record ¥50 hike in major boost
Demonstrators rally to demand a big hike in minimum wages in Tokyo last week.
Japan loses top spot on strongest passport list to Singapore
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
Why Japan's mysterious stash of classified funds escapes scrutiny
Prime Minister Fumio Kishida and Chief Cabinet Secretary Yoshimasa Hayashi (right) during a meeting in Tokyo on Tuesday.
Terunofuji, as he tends to do, returns to stamp his authority on sumo pretenders
Terunofuji (left) throws down Kirishima on Tuesday to build on his perfect record at the Nagoya Grand Sumo Tournament.
Japanese startups advised to internationalize to get some global mojo
Entrepreneurs who participated in the Beyond Japan Zero to X program last year share their experiences in the United States during a meeting in May in Tokyo.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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