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July 24, 2025
 

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U.S. ECONOMY

Japan Times
COMMENTARY / World
Dec 28, 2021
Taxing economic credibility
All political leaders feel pressure to try to circumvent the laws of economics or even the laws of arithmetic — as Biden has done by claiming that his Build Back Better bill costs nothing.
Japan Times
COMMENTARY / World
Dec 24, 2021
East Asia’s 'Squid Game' economies
Nowadays, South Korean capitalism seems more noxious — perhaps because it has been converging with the liberal Anglo-Saxon model, with its weak investment, slow growth and high inequality.
Japan Times
COMMENTARY / World
Dec 15, 2021
Build Back Better would make Biden's terrible year even worse
If in 2022 the Democrats' congressional majorities enact Build Back Better, they might earn, and certainly will merit, the restfulness of the political graveyard in 2023.
Japan Times
COMMENTARY / World
Nov 26, 2021
The true costs of government spending
It has long been clear that Biden's spending bill would leave a $1.5 trillion to $3 trillion hole to be filled with debt even after tax hikes.
Japan Times
COMMENTARY / World
Nov 24, 2021
The Fed has risen too far above political control
The problem with the Fed is that the need for stability — and for avoiding market shocks — cuts across the desire to exert more democratic control over the central bank.
Japan Times
COMMENTARY / World
Nov 22, 2021
Milton Friedman is more relevant than ever
There are periodic attempts to knock Milton Friedman off his pedestal. For the most part, however, his legacy remains strong.
Japan Times
COMMENTARY / World
Oct 29, 2021
To tax billionaires, democrats should keep it simple
Instead of taxing the wealthiest each year on their assets, as has been proposed, Biden's original plan would tax them upon their death.
Japan Times
COMMENTARY / World
Oct 28, 2021
America’s jammed-up ports need help
At one point recently, about 200,000 containers were stranded aboard anchored vessels outside the Port of Los Angeles. Experts expect the crunch to last for months.
Japan Times
COMMENTARY / World
Oct 27, 2021
A $1 trillion Tesla almost makes you feel for the other car giants
The trigger for Tesla's latest surge — a deal to supply 100,000 vehicles to Hertz — is a head-scratcher, as it represents 'only” about $4.2 billion of revenue.
Japan Times
COMMENTARY / World
Oct 1, 2021
The reason Biden’s agenda is in jeopardy
The sticking points holding up Biden's agenda are not the allegedly unreasonable stances of lawmakers or which chamber should go first, the problem is a lack of vision.
Japan Times
COMMENTARY / World
Aug 27, 2021
Biden’s cruel summer
Democrats are hoping the Afghan debacle will be less salient to voters by November 2022. But the fall of Kabul could have a lasting effect.
Japan Times
COMMENTARY / World
Aug 1, 2021
Millennials getting raises have retiring baby boomers to thank
Retiring baby boomers and massive government aid in response to the COVID-19 pandemic may help explain the rising incomes and workers quitting in huge numbers.
Japan Times
COMMENTARY / World
Jul 14, 2021
Wall Street outpaces main street in post-pandemic recovery
The lack of consumer lending growth isn't exactly a negative sign for the American economy. But it points to how slow it can be to turn around a $20 trillion tanker of an economy.
Japan Times
COMMENTARY / World
Jun 28, 2021
Beware America’s soaring public debt
Though America's gross federal debt now stands at 107% of GDP — a post-WWII record — the Biden administration's 2022 budget will see the country's largest-ever peacetime deficits.
Japan Times
COMMENTARY / World
Jun 5, 2021
China may be the answer to Janet Yellen's 'mystery'
China is no longer easily caricatured as a place with a limitless supply of cheap labor churning out bargain-basement stuff for consumers and businesses around the world.
Japan Times
COMMENTARY / World
May 29, 2021
Will the productivity revolution be postponed?
Scientific advances — epitomized by the rapid development of RNA-based COVID-19 vaccines — are the most fundamental reasons for optimism.
Japan Times
COMMENTARY / World
May 25, 2021
The U.S. and its immigration calculus
Higher levels of immigration may help to explain why U.S. GDP growth often exceeds that of Japan.
Japan Times
COMMENTARY / World
May 1, 2021
Biden’s great tax rebalancing act
With U.S. government spending likely to remain high after the COVID-19 pandemic, tax revenues must increase, because additional borrowing can finance only so much.
Japan Times
BUSINESS / Economy
Jan 16, 2021
A second economic crisis for Biden, but a different first response
Joe Biden is inheriting an economic crisis as he assumes the presidency, just as he did when he became vice president a dozen years ago. But this crisis is different and, to the relief of many liberal economists, so is Biden's response.
Japan Times
COMMENTARY / World
Aug 24, 2020
The crippling return of long-term unemployment
When joblessness is prolonged, more than people's economic security is at stake.
Japan and U.S. reach tariff deal with ‘reciprocal’ rate at 15%
U.S. President Donald Trump announced a trade deal with Japan on Tuesday, saying the agreement would create "hundreds of thousands of jobs."
Ishiba denies reports he will resign next month, leaving his fate unclear
Prime Minister Shigeru Ishiba looks on after meeting with the Liberal Democratic Party executives at the party's headquarters in Tokyo on Wednesday.
Japan and U.S. both claim win in surprise 11th-hour tariff deal
U.S. Treasury Secretary Scott Bessent and Ryosei Akazawa, Japan chief tariff negotiator, in Tokyo
Ignore the election hype, foreign residents are here to stay
Sohei Kamiya, founder of the Sanseito, which campaigned on a “Japanese first” message and tough immigration rhetoric, speaks at a rally in Gunma Prefecture on July 6.
Japan and EU launch trade ‘alliance’ amid concerns over U.S. and China
European Council President Antonio Costa (left) and European Commission President Ursula von der Leyen (right) join hands with Prime Minister Shigeru Ishiba prior to a meeting at the Prime Minister's Office in Tokyo on Wednesday.
Japan leans into homegrown AI amid rising competition
McKinsey’s 2025 Technology Trends Outlook, published Wednesday, says that the use of “sovereign AI” is a trend gaining significant global traction, including in Japan.
Induction of Ichiro has Cooperstown fretfully preparing
Ichiro Suzuki will soon become the first Japanese player to be enshrined in the National Baseball Hall of Fame and Museum.
JT picks: What not to miss at Fuji Rock 2025
Fuji Rock Festival turns the green slopes of Niigata Prefecture’s Naeba Ski Resort into a summer escape that offers soundtracks for every mood.
Japan’s top brands get tied up in the great sunscreen debate
A coral reef in Okinawa in July 2022. Some jurisdictions around the world have moved to ban certain sunscreens in a bid to protect coral reefs, but some say the impact on reefs is far from clear.
Pentagon looks to unleash ‘military drone dominance’
U.S. Secretary of Defense Pete Hegseth hosts a drone demonstration at the Pentagon in Arlington, Virginia, on July 10.

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