People shop at the Grand Bazaar in Istanbul. Turkey's fragile economy is suffering from high inflation and exchange rate volatility.
Opinion

Japan must wake up to the potential of boosting economic ties with Turkey

PM Kishida should use this 100th anniversary year of relations to visit Ankara

6 August 2024
Japanese stocks took a big upswing on Aug. 6 after suffering their worst-ever sell-offs in the previous two trading days. (Photo by Nanami Sato)
Equities

Tokyo stocks brace for further volatility after biggest single-day jump

Market wary as it awaits U.S. rate cut decision and Japan real wage data

6 August 2024
Japanese companies agreed to raise monthly pay by 5.1% on average this year, the biggest gain in 33 years.
Economy

Japan real wages rise in June for first time in 27 months

Nominal pay climbs at strongest pace in nearly three decades

6 August 2024
Japanese stocks have been in a downward spiral since Aug. 1, a day after the Bank of Japan aggressively raised interest rates to 0.25% from 0.1% and said it was open to more hikes this year. (Photo by Satoko Kawasaki)
Equities

Japan stocks dive 4,451 points, more than Black Monday in 1987

Yen surges to 141 per dollar as potential U.S. recession spooks investors

5 August 2024
The skyline of Shenzhen, China. The country has been struggling to recover property investment sentiment since it launched a crackdown in 2020. (Photo by Yusuke Hinata)
Market Spotlight

As China's property market slumps, foreign investors get pickier

Singapore capital ticks up while Western buyers shy away from commercial sites

5 August 2024
Despite ongoing labor shortages in Japan, workers in their 40s or early 50s face a raft of challenges getting promotions and pay raises.
Datawatch

Japan's 'lost generation' faces slow pay growth, lack of promotion

Survivors of 1990s hiring 'ice age' are now in their 40s or early 50s

4 August 2024
The dollar dropped to a four-month low on Friday after a weaker-than-expected employment report for July raised expectations for a September rate cut by the Federal Reserve.
Economy

Dollar hits four-month low as weak U.S. jobs data boosts rate cut bets

Japanese yen strengthens to 146.42 against greenback at one point

3 August 2024
China stopped importing Japanese seafood in August 2023 over the release of treated wastewater from the Fukushima Daiichi plant.
Trade

Japan first-half food exports down 1st time in 4 years amid China row

Seafood ban spurred by Fukushima water release looms over Tokyo's targets

3 August 2024
Hotel staff assisted in clearing the Tianxiang parking lot to provide space for an emergency helicopter landing. (Photo by Jackie Chao)
Opinion

How a hotel became a mountain sanctuary during Taiwan's earthquake

Disaster showed the importance of community and self-sufficiency

2 August 2024
Vehicles awaiting export at a shipyard in Aichi prefecture: The weak yen has often benefited exporters generating revenue from sales overseas. (Photo by Takuya Imai)
Business trends

Japanese companies see limited financing impact from BOJ hike

Mitsubishi says currency assumptions unchanged, JAL expects to benefit

2 August 2024
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Tokyo on July 31. 
Opinion

Poker-faced Ueda overplays hand as BOJ enters tightening phase

Weak yen policy has taken the onus off governments to restructure the economy

2 August 2024
Services benefiting from inbound spending also took a blow. Department store operator Isetan Mitsukoshi Holdings dropped 11.7%. (Photo by Satoko Kawasaki)
Equities

Japan's Nikkei average drops 3.5% as yen jumps to 148 per dollar

BOJ governor's hawkish posture weighs on stocks of exporters like auto companies

1 August 2024
The BOJ's monetary policy decision on July 31 sent the Japanese yen to a high it had not touched since mid-March. (Photo by Nanami Sato)
Currencies

Yen jumps on BOJ chief's hawkish stance

Kazuo Ueda remains open to further rate hikes, pending economic growth and inflation

31 July 2024
Bank of Japan Gov. Kazuo Ueda speaks at a news conference after its policy meeting in Tokyo on July 31. (Photo by Yutaka Miyaguchi)
31 July 2024
The Bank of Japan will discuss increasing the policy rate to 0.25% at its two-day policy board meeting through July 31. (Photo by Satoko Kawasaki)
Bank of Japan

BOJ to weigh rate hike to 0.25% at Wednesday policy meeting

Japan central bank seen halving JGB purchases within 2 years amid steady inflation

31 July 2024
IPEF nations have established a network that will take action whenever supply chains are disrupted.
Supply Chain

South Korea, Japan to help crisis-proof Indo-Pacific supply chain

14 IPEF members to share chips and medical supplies in emergencies

31 July 2024
A Harley-Davidson Japan office in Tokyo has been inspected over allegations that the subsidiary of the American motorcycle maker breached the Antimonopoly Act.
Automobiles

Harley-Davidson Japan faces probe over excessive sales quotas

Antitrust watchdog looks into allegations dealers were forced to buy unsold units

30 July 2024
The Bank of Japan is grappling with policy as a deeply depreciating yen stokes import prices and saps consumers' purchasing power. (Source photos by Nanami Sato and Pool)
Market Spotlight

'Wishy-washy' BOJ keeps investors guessing on next move

Central bank set to release tapering plan, mull timing of rate hike

29 July 2024
Global Power analyzed data from its 42,000 registered users as of May, focusing on their current addresses and desired employment locations. (Global Power)
Japan immigration

Less than half of foreign workers want to remain in Japan's countryside

Challenges emerge ahead of 2027 change letting trainees switch jobs sooner

28 July 2024
Thailand's Prime Minister Srettha Thavisin explains about digital wallet program in Bankok on Nov. 10. (Photo by Hiroki Endo)
Your Week in Asia

Quad FM meeting, BOJ monetary policy, digital wallet stimulus in Thailand

Your weekly lineup of Asia's biggest business and political events

28 July 2024
Members of the World Trade Organization released an agreement on e-commerce rules following negotiations that began in 2017.
Trade

WTO members reach digital trade deal to ban tariffs on data

Proposed e-commerce rules also cover cybersecurity and regulatory transparency

27 July 2024
Japan led investment in the U.S. with $783 billion in mergers and acquisitions and greenfield purchases in 2023.
25 July 2024
The minimum wage increase follows historic pay rises by private companies in this year's spring wage talks. 
Society

Japan government panel OKs sharpest minimum wage rise amid inflation

50 yen hike increases hourly rate to record 1,054 yen

24 July 2024
Companies hold around 10% of Japanese stocks, less than one-fifth as much as in the bubble era, according to the Nomura Institute of Capital Markets Research. (Photo by Yuki Kohara)
Equities

Japan Inc. speeds unwinding of cross-held shares amid rally

Planned consolidation of Topix based on free float encourages stock sales

23 July 2024
The number of supposedly zero-energy homes that do not fully meet the qualifying criteria continues to increase in Japan, driven by the government's relaxation of subsidy standards aimed at encouraging their construction.
Datawatch

Over 30% of Japan's zero-energy homes fall short of requirements

An increase in below-standard houses could hamper its decarbonization efforts

20 July 2024