"We will firmly respond to moves that are too rapid or driven by speculators," Japan's top currency diplomat, Masato Kanda, said on June 24. (Photo by Suzu Takahashi)
Currencies

Yen slides under 160 to lowest level since 1986; Japan stocks fall

Drop stokes expectations for government and BOJ to step in again

27 June 2024
Japanese Prime Minister Fumio Kishida's current term at the helm of the ruling Liberal Democratic Party ends in September. (Photo by Yutaka Miyaguchi)
Economy

Kishidanomics market reforms earn high marks from Japan watchers

PM seen lagging on structural reforms and fiscal health as political pressure mounts

27 June 2024
Tourists visit Sensoji Temple in Tokyo. Foreign tourism since the COVID-19 pandemic has been concentrated in major cities. (Photo by Akira Kodaka)
Economy

Tourism surges to Japan's No. 2 'export,' behind cars

Annualized spending hits $45bn amid weak yen, outpacing electronic parts and steel

26 June 2024
Hiroshi Watanabe doesn't see the yen appreciating beyond 150 against the dollar this year. (Photo by Nanami Sato)
Interview

Yen's slide only partly due to U.S. rate gap: ex-Japan currency official

Job-creating manufacturers key to strong currency, Hiroshi Watanabe says

23 June 2024
The town of Kutchan, where some of the Niseko resorts are located, already collects its own lodging tax. The town of Niseko, next to Kutchan, will start charging such a tax in November. (Photo by Hajime Tsukada)
Travel & Leisure

Hokkaido eyes lodging tax as Niseko readies its own levy

Japan prefectural government, municipalities aim for spring 2026 launch

22 June 2024
Japanese companies rely on digital services from U.S. tech giants like Amazon, Apple, Meta and Google.
Economy

Japan lays out strategy to tackle $33bn digital trade deficit

Policy stresses training talent as retirements put legacy systems at risk

22 June 2024
Arsenio Balisacan, secretary of the Philippine National Economic and Development Authority, expressed the importance of sustaining economic momentum at a media roundtable in Tokyo on June 20. (Photo by Yuichi Shiga)
South China Sea

Philippines wants China economic ties despite tensions: top official

Manila hopes Japan will take a larger economic role, including more ODA funding

21 June 2024
A supermarket in Tokyo. Japan's core inflation rose for the first time in three months in May, but the pace slowed if both fresh foods and energy are excluded. (Photo by Yusuke Yagi)
Inflation

Japan's inflation rose in May due to rising electricity costs

Core CPI gained 2.5%, accelarating for the first time in three months

21 June 2024
The yen has weakened past the 200 mark against the pound to a roughly 16-year low. (Photo by Akitoshi Sugiura)
Currencies

Yen sell-off broadens with fresh lows against U.K. pound, Swiss franc

Japan currency weakens amid limited intervention impact outside of dollar

20 June 2024
A container terminal in Osaka, Japan. The country's exports are on a rising trend in value, but dropping in volume. (Photo by Arisa Moriyama)
Trade

Japan's May exports rose 13.5% from a year earlier, led by cars and chips

Shipments up to $51bn, but volume dropped for fourth month in a row

19 June 2024
Japan is looking to encourage AI-related investment to shore up its own relatives weaknesses in that area. (Nikkei montage/Source photo by Konosuke Urata) 
Artificial intelligence

Japan goes light on AI regulation to court investment

How business-friendly can Tokyo be as public concerns rise?

19 June 2024
Foreign tourists in Japan are spending more on such activities as watching sports or visiting museums. (Photo by Shogo Tamura)
Travel & Leisure

Foreign tourists in Japan spending more on experiences: white paper

Per-visitor consumption jumps 30% on higher entertainment ticket sales

19 June 2024
Bank of Japan Gov. Kazuo Ueda on June 14 in Tokyo: His suggestion that the central bank may tighten policy in July does not seem credible.
Opinion

Bank of Japan can't be taken seriously without more than talk

Central bank may already have missed chance to normalize policy

19 June 2024
Tanegashima is Japan's answer to Cape Canaveral in the U.S., but with rocket launches few and far between, island businesspeople and officials say industries other than space need to be developed. (Nikkei montage/Source photos by Mayumi Tsumita and Ultra-X)
Asia Insight

Japan's 'rocket island' revival rests on startups, tech jobs and immigrants

Small firms breathe life into town headed for extinction with space boom years away

18 June 2024
The surging price of octopus has dealt a blow to sellers of takoyaki octopus dumplings in Japan. (Photo by Toshiki Sasazu)
Inflation

Japan's inflation makes octopus costlier than wagyu beef

Higher food prices squeeze consumers and businesses alike

16 June 2024
Japanese automaker Toyota is grappling with the fallout of a safety scandal. Some proxy firms are advising investors to vote against reappointing Chairman Akio Toyoda as a director at the company's AGM.
Your Week in Asia

Toyota AGM, Thai gay marriage bill, Indonesian policy meeting

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

16 June 2024
Japan's local governments promoted development on low-lying land in the 2000s despite flood risks.
Datawatch

Japan's flood damage exacerbated by urban development

Water-related losses up by 3.5 times in 30 years as more businesses move to lowlands

16 June 2024
BOJ Governor Kazuo Ueda has left open the possibility of the BOJ choosing a rate increase and a balance sheet reduction at the same time in July. (Photo by Akitoshi Sugiura)
Bank of Japan

BOJ leaves open possibility of rate hike, bond buy reductions in July

Governor Ueda expects "sizable" reductions in bond purchases

14 June 2024
The yen dropped to its lowest point since April 29, the day the government and the central bank likely intervened to prop up the currency for the first time in a year and half. (Photo by Yuji Murakami)
Currencies

Yen weakens as BOJ gives no details on JGB purchase cut

Japanese currency falls to level not seen since late-April intervention

14 June 2024
The Bank of Japan has continued large-scale purchases of Japanese government bonds even after ending its yield curve control policy in March. (Photo by Satoko Kawasaki)
Bank of Japan

BOJ to weigh cuts to government bond purchases

Japan central bank's JGB holdings would shrink as bonds mature

13 June 2024
The Japanese flag waves at the Bank of Japan building in Tokyo.
Interview

Japan market interventions will not work forever: Kenneth Rogoff

Harvard economist sees need for BOJ to raise interest rates to 1% to 2%

12 June 2024
The Japan Center for Economic Research says a recovery in automobile production helped lead to an increase in the gross domestic product in April. (Photo by Toshiki Sasazu)
Economy

Japan's April GDP grew 0.6% on recovery in auto manufacturing: JCER

Data shows second month of growth, but research center cautious on consumption

12 June 2024
The Group of Seven countries are holding a summit for three days in Italy starting on Thursday.
International relations

G7 leaders set to highlight Chinese overproduction

Japanese government sources say issue to be discussed at Italy meeting

12 June 2024
Japanese chipmaking equipment remains in high demand in China. (Photo by Masayuki Kozono)
Trade

China accounts for half of Japan's chipmaking equipment exports

Demand for less-advanced products keeps trade brisk after tech curbs

12 June 2024
A general photo of street in New Delhi. India is set to remain the world's fastest growing large economy. (Photo by Suzu Takahashi)
Economy

India to remain fastest growing big economy in 2024, World Bank says

Global expansion to hold steady at 2.6%; U.S. presidential election a risk for Asia

11 June 2024