Tag - us-economy

 
 

US ECONOMY

Japan Times
BUSINESS / Economy
Oct 12, 2022
IMF warns ‘worst is yet to come’ as steps to slow inflation raise risks
The IMF cut its forecast for global growth next year to 2.7%, from the 2.9% seen in July and 3.8% in January.
Japan Times
WORLD
Oct 12, 2022
Biden says ‘very slight’ recession possible, but downplays risk
The International Monetary Fund cut its U.S. growth forecast for 2022 to 1.6% and held it at 1% for 2023.
Japan Times
BUSINESS / Economy
Oct 11, 2022
China's shot at overtaking the U.S. economy is at stake in Xi's next term
If the property downturn is deeper than expected and 'COVID zero' restrictions remain beyond 2023, GDP growth may average below 4% over the next decade.
Japan Times
BUSINESS / Economy / FOCUS
Oct 11, 2022
Amid price spikes, Japanese farmers look to domestic feed
Price increases in the July-September period averaged over u00a510,000 per ton, more than double the previous record registered in April to June 2021.
Japan Times
WORLD / Society
Oct 11, 2022
World failing to address 'dangerous' inequality after COVID-19, Oxfam says
The charity assessed 161 governments from 2020 to 2022, and found that half of the nations covered cut their spending on social protection and 70% slashed education.
Japan Times
WORLD
Oct 11, 2022
Bernanke and two academics win Nobel in economics for work on banks’ role in crises
Former Federal Reserve chair Ben Bernanke and economists Douglas Diamond and Philip Dybvig were awarded for their influential work on the relationship between banks and economic turmoil.
Japan Times
COMMENTARY / World
Oct 10, 2022
Young versus old will define fight over public pensions
The market rout is exposing the vulnerability of the U.S. public pension system. Inflation and the tight labor market will force the worst-hit states into some hard decisions.
Japan Times
COMMENTARY / World
Oct 7, 2022
The Saudi-Russian oil axis snubs the West with production cuts
Coming weeks before the U.S. midterm elections, many also see the move to cut oil production as a personal attack on President Joe Biden.
Japan Times
BUSINESS
Oct 7, 2022
Chipmakers see ‘breathtaking’ drop in demand as recession looms
Signs are piling up that the tech downturn may be deeper and longer-lasting than feared.
Japan Times
BUSINESS
Oct 7, 2022
Failure to hit price goal may trigger BOJ shift, former director says
Ex-BOJ executive thinks there is a considerable chance that in a year or so the BOJ's topic of discussion will shift to when the price target can really be achieved.
Japan Times
BUSINESS
Oct 7, 2022
Japan’s households spend less as higher inflation bites
The fastest inflation in more than three decades excluding the impact of tax hikes also threatens to hurt future consumption.
Japan Times
BUSINESS
Oct 6, 2022
In rebuke to West, OPEC and Russia aim to raise oil prices with big supply cut
U.S. President Joe Biden and European leaders have urged more oil production to ease gasoline prices and punish Moscow for its aggression in Ukraine.
Japan Times
BUSINESS
Oct 5, 2022
Japan to curb electricity costs amid weak yen and recession risks, PM says
The government will compile another economic stimulus plan by the end of October, including a rare measure to directly ease the rise of electricity prices, Prime Minister Fumio Kishida said.
JAPAN / Politics
Oct 5, 2022
The church, the economy and the funeral: CDP leader grills Kishida
The opposition took the prime minister to task over his party's ties to the Unification Church, the state funeral for ex-Prime Minister Shinzo Abe and soaring inflation.
Japan Times
COMMENTARY / World
Oct 5, 2022
Peak oil has finally arrived. No, really.
With the U.S. Fed's willingness to send the U.S. economy into a recession to bring inflation back on target, oil production may soon enter terminal decline as a result.
Japan Times
BUSINESS
Oct 5, 2022
Ruling LDP looks to continue aid to struggling Japan firms as pandemic loans end
The party will draw up new support proposals for firms at risk of default, aiming to reflect them in the government's economic package that will be put together by the end of the month.
Japan Times
COMMENTARY / World
Oct 4, 2022
What stopped globalization?
With Russia's invasion of Ukraine, the economic “mutual assured destruction” that was supposed to safeguard globalization and deter decoupling apparently reached its limits.
Japan Times
BUSINESS / Economy
Oct 4, 2022
Tokyo inflation accelerates further to 2.8% in challenge for BOJ
The growth in Tokyo prices was led by gains in processed food and durable goods, with the former jumping the most in 41 years.

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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