Tag - us-economy

 
 

US ECONOMY

Japan Times
BUSINESS / Economy
Mar 28, 2020
Fed brings the global financial system back from the abyss
Sitting calmly in front of a bookshelf filled with thick volumes of the "Federal Reserve Bulletin," Jerome Powell this week set out to offer a simple explanation for the complicated steps the U.S. central bank is taking to relieve dire stresses in the global financial system.
Japan Times
JAPAN
Mar 28, 2020
Abe urges vigilance to avoid COVID-19 spike and vows extraordinary steps to aid economy
The prime minister said the virus battle would be a long one, especially if people drop their guard, but pledged economic relief surpassing that for the 2008 financial crisis.
Japan Times
BUSINESS / Economy
Mar 28, 2020
Budget in hand, Abe shifts focus to pandemic response as economy reels
Prime Minister Abe's team is working on steps to save jobs and spark a v-shaped recovery, but is money all it takes?
Japan Times
BUSINESS
Mar 27, 2020
February factory output and retail sales seen in decline in Japan as virus damage deepens
Japan's factory output likely slowed in February and retail sales dropped for a fifth straight month, a Reuters poll showed on Friday, as the coronavirus outbreak took an increasing toll on businesses and consumers.
Japan Times
COMMENTARY / Japan
Mar 25, 2020
Now is the time for Japan to make a digital shift
The coronavirus pandemic has made it clear that Japan lags far behind other countries in putting new digital technologies to actual use.
Japan Times
BUSINESS / Economy
Mar 25, 2020
G20 finance chiefs and central bankers to develop COVID-19 action plan
Finance ministers and central bankers from the world’s 20 largest economies agreed Monday to develop an action plan to respond to the COVID-19 pandemic, which the IMF now expects to trigger a global recession, but disclosed no specifics.
Japan Times
BUSINESS
Mar 23, 2020
China talks up post-virus rebound as world economy shuts down
China's government is talking up the prospects for a rapid economic rebound from the coronavirus, even as the global economy sees further lockdowns to curb the spreading disease.
Japan Times
BUSINESS / Economy
Mar 21, 2020
Japan could face year-long slump if 'cursed' Olympics canceled
A canceled or postponed Olympics would likely result in Japan's economy shrinking for the longest stretch since the global financial crisis, according to some economists.
Japan Times
BUSINESS / FOCUS
Mar 20, 2020
Coronavirus puts fragile system supplying food to world under strain
Global warehouses are stuffed with frozen cuts of pork, wheels of cheese and bags of rice. But as the coronavirus snarls logistical operations, the question becomes: How does all that food actually get to people?
Japan Times
BUSINESS
Mar 19, 2020
Biggest factory shutdown since WWII cripples virus-hit U.S. and Europe
The economic impact of the growing coronavirus outbreak is shifting from service driven industries like hotels and restaurants to the manufacturing sector on both sides of the Atlantic, leading to a synchronized shutdown of heavy industry that historians and industry experts say is unlike any seen since...
Japan Times
BUSINESS / Economy / ANALYSIS
Mar 18, 2020
To aid virus-hit Japan economy, look after firms and jobs first, say experts
With the novel coronavirus shaking up the global economy, the Japanese government is scrambling for countermeasures to cushion the economic fallout.
Japan Times
BUSINESS / Companies
Mar 18, 2020
Japanese firms braced for drawn-out coronavirus hit as recession looms
Almost half of Japanese firms saw their output and sales slide last month because of the coronavirus outbreak, with two-thirds anticipating the impact from the pandemic to last several months or longer, a Reuters poll showed, portending a big blow to an economy teetering on the edge of recession.
Japan Times
BUSINESS / Economy
Mar 17, 2020
Tax cut emerging as option in Japan to combat coronavirus impact
The government will consider various measures, including tax cuts, to deal with deepening financial damage from the coronavirus outbreak, economy minister Yasutoshi Nishimura said Tuesday amid growing debate on the possibility of cutting the consumption tax.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami