Japan economy - updates

Rappler's latest stories on Japan economy

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Virus hands Japan pension fund worst loss since 2008 crisis

Jul 03, 2020 - 10:55 PM

Japan's Government Pension Investment Fund records losses amounting to 8.28 trillion yen ($77 billion) for the fiscal year that ended in March 2020

BUSINESS IN JAPAN. A face mask-clad vendor stands in Tokyo's Tsukiji area on March 13, 2020. Photo by Charly Triballeau/AFP

Japan business confidence worst since 2009 crisis

Jul 01, 2020 - 9:05 PM

The Bank of Japan's Tankan survey in June 2020 shows a reading of -34 among big manufacturers, the lowest since June 2009

COMMERCIAL DISTRICT. This picture, taken on January 25, 2020, shows a general view of skyscrapers in Tokyo's Shinjuku area. Photo by Kazuhiro Nogi/AFP

Japan pandemic jobless data mask woe for millions – experts

Jun 30, 2020 - 8:00 PM

Analysts point out Japan's low unemployment rate does not account for millions who gave up their job during the pandemic and are not counted as jobseekers

People wearing facemasks walk along a street at Kabukicho district of Tokyo on June 24, 2020. (Photo by Philip FONG / AFP)

Japan jobless rate up, available jobs in worst plunge since 1974

Jun 30, 2020 - 4:00 PM

The unemployment rate in Japan climbs to 2.9% in May 2020, suggesting the country's first recession since 2015 is beginning to have an impact on the labor market

JAPANESE ECONOMY. People walk across Shibuya crossing in Tokyo on June 8, 2020. Photo by Charly Triballeau/AFP

Bank of Japan boosts aid for coronavirus-hit firms

Jun 16, 2020 - 6:35 PM

The Bank of Japan expands its zero-interest loan program to firms to 90 trillion yen ($837 billion)

JAPAN BUSINESSES. A general view shows the entertainment area of Kabukicho in Tokyo's Shinjuku on May 21, 2020. Photo by Kazuhiro Nogi/AFP

Japan's debt mountain: How is it sustainable?

Jun 11, 2020 - 10:15 AM

Japan's debt stands at 1,328,000,000,000,000 yen or around $12.2 trillion as of end-2019

(FILES) This file photo taken on May 22, 2020 shows a man wearing a face mask as he walks past the Bank of Japan headquarters in Tokyo. - Already the global leader in accumulating debt, Japan's powerful lower house of parliament approved an emergency budget worth nearly 300 billion USD on June 10, 2020, adding nearly two trillion USD to its mountain 2020 fiscal year with record stimulus packages to cushion the impact of coronavirus. (Photo by Kazuhiro NOGI / AFP)

Japan economy better than feared but still in recession

Jun 08, 2020 - 8:05 PM

Japan's gross domestic product contraction in the 1st quarter of 2020 is revised from 0.9% to 0.6%

People walk across Shibuya crossing in Tokyo on June 8, 2020. (Photo by CHARLY TRIBALLEAU / AFP)

Japanese April spending sees sharpest drop since 2001

Jun 05, 2020 - 11:55 AM

The April 2020 drop in Japan's household spending is partly attributed to declines in spending on transport and telecommunications, as well as on leisure activities

JAPAN ECONOMY. People walk along a shopping precinct in Tokyo's Ueno district on March 21, 2020. Photo by Charly Triballeau/AFP

Japan outlines fresh stimulus package for virus-hit economy

May 27, 2020 - 9:00 PM

'With this world's biggest package equivalent to 40% of our GDP, we'll protect the Japanese economy through this once-in-a-century crisis,' says Prime Minister Shinzo Abe

JAPAN TOURISM. A small number of tourists visit the nearly empty Sensoji temple in Tokyo's Asakusa district on March 9, 2020. Photo by Charly Triballeau/AFP

Japan central bank in $279-billion loan boost for small firms

May 22, 2020 - 12:00 PM

The Bank of Japan expands its financial aid program for small and medium-sized firms dealing with the impact of the coronavirus

A general view shows the entertainment area of Kabukicho in Tokyo's Shinjuku on May 21, 2020. - Japanese Prime Minister Shinzo Abe lifted a state of emergency in several big cities in western Japan and hinted that the measure would be removed nationwide as early as next week. (Photo by Kazuhiro NOGI / AFP)

Japan consumer prices log first drop in more than 3 years

May 22, 2020 - 9:30 AM

The Japanese internal affairs ministry says core prices in April 2020, excluding volatile fresh food, slipped 0.2% from a year earlier

JAPAN ECONOMY. People wearing face masks cross the quiet Shibuya crossing in Tokyo, Japan, on April 28, 2020. Photo by Behrouz Mehri/AFP

Japan slides into recession – with forecasts of worse to come

May 18, 2020 - 12:00 PM

Japan, the world's 3rd largest economy, contracts by 0.9% in the 1st quarter of 2020

JAPAN ECONOMY. People walk along a shopping precinct in Tokyo's Ueno district on March 21, 2020. Photo by Charly Triballeau/AFP

Japan passes $240-billion virus package including cash handouts

Apr 30, 2020 - 7:00 PM

About half of Japan's new emergency budget will go to cash handouts – 100,000 yen ($930) to be given to every adult and child

People wearing face masks amid concerns over the spread of the COVID-19 coronavirus cross the quiet Shibuya crossing in Tokyo on April 28, 2020. (Photo by Behrouz MEHRI / AFP)

Bank of Japan expands easing measures, cuts growth forecast

Apr 27, 2020 - 8:40 PM

Japanese central bank chief Haruhiko Kuroda warns that 'the economic prospects are increasingly bleak'

COMMERCIAL DISTRICT. This picture, taken on January 25, 2020, shows a general view of skyscrapers in Tokyo's Shinjuku area. Photo by Kazuhiro Nogi/AFP

Japan trade surplus dives 99% in March as coronavirus hits exports

Apr 20, 2020 - 12:30 PM

Japan's exports to the United States, European Union, and China tumble in March 2020, leading to an 11.7% drop for the month

Containers are seen at the international cargo terminal at the port of Tokyo on March 18, 2020. - Japan's imports from China almost halved last month from a year earlier to log the steepest fall since 1986 as the new coronavirus outbreak disrupted trade, official data showed March 18. (Photo by Kazuhiro NOGI / AFP)

Japan offers $930 virus stimulus payment to all residents

Apr 17, 2020 - 7:00 PM

Japanese Prime Minister Shinzo Abe says they are 'moving quickly to deliver cash to all people'

BUSINESS IN JAPAN. A face mask-clad vendor stands in Tokyo's Tsukiji area on March 13, 2020. Photo by Charly Triballeau/AFP

Japan business sentiment negative for first time since 2013 – survey

Apr 01, 2020 - 1:00 PM

A negative reading means more companies in Japan are pessimistic than optimistic

People walk along a shopping precinct in Tokyo's Ueno district on March 21, 2020. (Photo by CHARLY TRIBALLEAU / AFP)

Bank of Japan unveils emergency measures over coronavirus

Mar 16, 2020 - 4:30 PM

'Japan's economic activity is likely to remain weak for the time being, mainly affected by the outbreak of COVID-19,' says the Bank of Japan

Facemask-clad vendor stands in a street in Tokyo's Tsukiji area on March 13, 2020. (Photo by CHARLY TRIBALLEAU / AFP)

Japan unveils fresh economic package to offset virus damage

Mar 10, 2020 - 10:00 PM

Japan's latest assistance is designed to ensure steady cashflow for small businesses feeling pressure from the virus' global spread

GRIM RIDE. People wearing face masks travel on a train in Tokyo on February 25, 2020. Photo by Charly Triballeau/AFP

Japan suffers worst economic slump in 5 years

Feb 17, 2020 - 5:35 PM

Japan's gross domestic product shrinks in October-December 2019, suffering the biggest contraction since the 2nd quarter of 2014

This picture taken on January 25, 2020 shows a general view of skyscrapers in Tokyo's Shinjuku area. - Tokyo's benchmark Nikkei index dropped more than two percent January 27 on concerns over the potential impact of a new coronavirus that has killed at least 80 people in China. (Photo by Kazuhiro NOGI / AFP)

Tokyo stocks dive more than 5% on fears over U.S. economy

Dec 25, 2018 - 9:31 AM

(UPDATED) The Nikkei 225 index dips below the 20,000 level for the first time since September 2017

Japan economy shrinks in Q3 as natural disasters hit

Nov 14, 2018 - 10:48 AM

Gross domestic product for the July-September period has contracted 0.3% from the previous quarter, reversing growth of 0.8% in the April-June period

ECONOMY SHRINKS. Experts say a number of natural disasters in Japan dampened personal consumption, company investment and exports. File photo from AFP

Japan business confidence hits decade high – Bank of Japan

Oct 02, 2017 - 8:46 AM

The mood among major manufacturers – who plan to boost their capital spending – has now risen for a fourth straight quarter

NUMBERS. Pedestrians are reflected on an electronic stock indicator at the window of a securities company in Tokyo on August 30, 2017.  Toshifumi Kitamura/AFP

Japan posts forecast-beating growth in 3rd quarter

Nov 14, 2016 - 1:24 PM

The world s third largest economy expanded 0 5 on quarter between July and September and 2 2 gain on an annualized basis the Cabinet Office said

Pedestrians stand in front of an electric quotation board displaying the Nikkei key index of the Tokyo Stock Exchange (TSE) in Tokyo on November 14, 2016. Kazuhiro Nogi/AFP

Bank of Japan delays inflation goal in blow to 'Abenomics'

Nov 01, 2016 - 8:00 PM

The bank now expects to hit 2 inflation by March 2019 – 4 years later than its original target

Bank of Japan (BOJ) Governor Haruhiko Kuroda answers questions during a news conference at the BOJ headquarters in Tokyo on November 1, 2016.  Tokyo shares closed higher November 1, reversing early losses on relief over a Bank of Japan policy meeting that ended largely as expected and better-than-expected Chinese factory data. / AFP PHOTO / KAZUHIRO NOGI

Japan big manufacturers' confidence at multi-year low

Oct 03, 2016 - 10:40 PM

Sentiment among big manufacturers drops to its lowest levels since Japanese Prime Minister Shinzo Abe kicked off Abenomics in 2013

Bank of Japan Governor Haruhiko Kuroda answers questions during a press conference at the headquarters in Tokyo on September 21, 2016. Japan's central bank on September 21 unveiled a surprise overhaul of monetary policy, promising to redouble attempts to fuel inflation and kickstart the torpid economy. / AFP PHOTO / JIJI PRESS / STR / Japan OUT

Weak Japanese growth puts pressure on Abe

Sep 08, 2016 - 2:50 PM

Economists are increasingly writing off Japanese Prime Minister Shinzo Abe s more than 3 year attempt to cement a lasting recovery

Japanese Prime Minister Shinzo Abe gestures to the media upon arrival at a meeting session at the Association of Southeast Asian Nations (ASEAN) Summit in Vientiane on September 7, 2016. The gathering will see the 10 ASEAN members meet by themselves, then with leaders from the US, Japan, South Korea and China. / AFP PHOTO / ROSLAN RAHMAN

Japan's economic growth fizzles out in second quarter

Aug 15, 2016 - 10:09 AM

UPDATED Weak exports and a fall in business spending hurt activity from April to June aggravating concerns

A man walks past electric quotation boards displaying share prices on the Tokyo Stock Exchange (L) and the foreign exchange rate between the yen and the US dollar (R) in Tokyo on August 12, 2016. Kazuhiro Nogi/AFP

Japan approves huge stimulus for sluggish economy

Aug 02, 2016 - 9:45 PM

The 273 billion package which includes tens of billions of dollars for infrastructure spending is expected to be approved by parliament in September

Japanese Prime Minister Shinzo Abe (C) sits with Finance Minister Taro Aso (R) and Economic Revitalisation Minister Nobuteru Ishihara (L) as they pose for photographers prior to a cabinet meeting at Abe's official residence in Tokyo on August 2, 2016. The Japanese government on August 2 approved a massive stimulus to boost growth in a economy under threat from a soaring yen, with funds earmarked to counter the impact of Brexit and a deadly earthquake disaster. / AFP PHOTO / JIJI PRESS / JIJI PRESS / Japan OUT

Japan PM unveils $266B stimulus plan to boost economy

Jul 27, 2016 - 8:15 PM

Prime Minister Shinzo Abe gives few details about the plan except to say about half would be fiscal measures

Japanese Prime Minister Shinzo Abe delivers a speech in Fukuoka on July 27, 2016. Japan's prime minister on July 27 announced a whopping stimulus package worth more than 28 trillion yen (266 billion USD) aimed squarely at boosting the wobbly economy, with the central bank widely expected to unveil its own measur. / AFP PHOTO / JIJI PRESS / STR / Japan OUT

Japan PM delays tax hike in blow for Abenomics

Jun 01, 2016 - 10:15 PM

Prime Minister Shinzo Abe postpones the increase in tariff to late 2019 when he is likely no longer in office

epa05339791 Japanese Prime Minister Shinzo Abe gestures during a press conference at Abe's official residence in Tokyo, Japan, 01 June 2016. Prime Minister Abe announced the delay of the consumption tax hike from April 2017 to October 2019. EPA/FRANCK ROBICHON

China, Japan growth to slow sharply in 2016, IMF warns

May 03, 2016 - 5:00 PM

But overall economic growth in Asia will remain strong thanks to government stimulus measures lower commodity prices and low unemployment

epa05278074 A butcher works at his stall in a wet market in Shenzhen, Guangdong Province, China, 21 April 2016, in a photo issued 26 April 2016. China's economy growth slowed to 6.7 per cent in the first quarter of the year compared to the same period last year, Gross Domestic Product (GDP) figures released by the government showed on 14 April, EPA/FREDDY CHAN

Trans-Pacific Partnership talks extended anew

Oct 05, 2015 - 11:16 AM

An official says nearly all outstanding issues have been dealt with and that the negotiators are just completing details and reviewing the lengthy draft pact

A ship loaded with containers at the Port of Oakland in Oakland, California, USA, January 9, 2012. John G Mabanglo/EPA

G7 warns Russia of more sanctions, pledges climate action

Jun 08, 2015 - 9:45 PM

UPDATED At a luxury retreat nestled in the picture perfect Bavarian Alps the leaders of the most powerful countries also tackled threats to global security posed by Islamist extremism and risks to the world economy from Greece

ROUNDTABLE. (R-L, clockwise), US President Barack Obama, German Chancellor Angela Merkel, French President Francois Hollande, British Prime Minister David Cameron, Italian Prime Minister Matteo Renzi, European Commission President Jean-Claude Juncker, EU Council President Donald Tusk, Japan's Prime Minister Shinzo Abe and Prime Minister of Canada Stephen Harper, sitting together at Elmau Castle in Elmau, Germany, June 8, 2015, at the third session of their G7 meeting. Michael Kappeler/Pool/EPA

United against 'Russian aggression', G7 to focus on jihadists

Jun 08, 2015 - 10:34 AM

The leaders are set to present a united front against global security threats ranging from jihadist insurgencies to Russian aggression in Ukraine

ROUNDTABLE DISCUSSION. (Clockwise front L-R) EU Council President Donald Tusk, Japan's Prime Minister Shinzo Abe, Canada's Prime Minister Stephen Harper, U.S. President Barack Obama, German Chancellor Angela Merkel, France's President Francois Hollande, Britain's Prime Minister David Cameron, Italy's Prime Minister Matteo Renzi and EU Commission president Jean-Claude Juncker attend a working dinner in Elmau, Germany, June 7, 2015. Michael Kappeler/EPA

2 Japanese medical firms expand in PH

Jan 01, 2015 - 2:31 PM

Medical product manufacturers Tokai and JMS choose the Lopez led First Philippine Industrial Park in Batangas as site for their expansion efforts

Japan economy contracted more than thought in July-Sept

Dec 08, 2014 - 9:38 AM

The economy contracted 0 5 quarter on quarter worse than the 0 4 shrinkage estimated in initial data released three weeks ago

Pedestrians are reflected in a stock market indicator board in Tokyo, Japan, 31 October 2014. Franck Robichon/EPA

Japan kicks off election campaigning in 'Abenomics referendum'

Dec 02, 2014 - 11:43 AM

More than 1 180 candidates nationwide are vying for 475 legislative seats in the powerful lower house of parliament

'THERE IS ONLY THIS WAY' Japanese Prime Minister Shinzo Abe, who is also president of the ruling Liberal Democratic Party (LDP), shows a paper writing his motto 'There is only this way' during a party leaders' debate at the Japan National Press Club in Tokyo, Japan, 01 December 2014. Kimimasa Mayama/EPA

Japan’s election without a cause

Nov 25, 2014 - 11:05 AM

Mandate needed by Prime Minister Shinzo Abe to refill quiver find third arrow

Japanese prime minister Shinzo Abe in Auckland, New Zealand, 07 July 2014. File/Stringer/EPA

Japan economy enters recession after surprise Q3 contraction

Nov 17, 2014 - 11:17 AM

Analysts say this will make it almost inevitable that Prime Minister Shinzo Abe will delay a fresh sales tax hike and call snap elections to reinvigorate his power against party rivals

Pedestrians are reflected in a stock market indicator board in Tokyo, Japan, 31 October 2014. Franck Robichon/EPA

Japan Q2 economy shrinks more than thought

Sep 08, 2014 - 12:37 PM

The figures will come as a blow to Prime Minister Shinzo Abe as his program aimed at rejuvenating growth struggles to gain traction

A window of a securities firm displays the day's movement of the benchmark Nikkei index (top, L) and the past 12 months (top, R) in Tokyo on September 2, 2014. Kazuhiro Nogi/AFP

Japan's bid for economy driven by women faces big hurdles

Sep 07, 2014 - 1:08 PM

Japan s prime minister gives key jobs – including the justice ministry and oversight of the embattled nuclear power sector – to women who now make up more than a quarter of the 18 strong cabinet

Newly appointed Japanese Economy, Trade and Industry Minister Yuko Obuchi speaks during her press conference at the prime minister's official residence in Tokyo on September 3, 2014. Japanese Prime Minister Shinzo Abe named five female cabinet ministers on September 3, leading by example in a country which economists say must make better use of its highly-educated but underemployed women. AFP PHOTO / TOSHIFUMI KITAMURA

Japan PM names five women to new cabinet

Sep 03, 2014 - 2:09 PM

UPDATED Abe has repeatedly spoken of the need to get more women into the workforce to plug a growing gap in the labor market

NEW CABINET. Japanese Prime Minister Shinzo Abe (front C) with his new cabinet members during a photo session at the prime minister's official residence in Tokyo, Japan, 03 September 2014. Franck Robichon/EPA

Japan PM to reshuffle cabinet to re-energize economic agenda

Sep 03, 2014 - 8:06 AM

The reshuffle will be the first major surgery Abe has performed since coming to power making the present cabinet one of the longest serving collectives since the end of World War II

Japanese prime minister Shinzo Abe speaks at a joint press conference with his New Zealand counterpart John Key (not pictured) at Government House in Auckland, New Zealand, 07 July 2014. Stringer/EPA

Asian shares mixed as Ukraine tensions trump US data

Aug 29, 2014 - 10:39 PM

After enjoying a rally over the past few weeks investors were spooked by claims that Russian forces were inside Ukraine helping support pro Kremlin separatists

Japan's economy shrinks after sales tax hike

Aug 13, 2014 - 10:30 AM

The decline underscores the challenges Tokyo faces following its move to raise sales taxes

AFP PHOTO / Yoshikazu TSUNO

Japan PM defends 'Abenomics' as panacea for turnaround

May 06, 2014 - 8:51 PM

Shinzo Abe who is on a six nation European tour launches a spirited defense of his Abenomics reforms

ABENOMICS. Japanese PM Shinzo Abe on Tuesday launched a spirited defense of his

Japan economy logs best growth in 3 years

Feb 17, 2014 - 8:53 AM

The annual figure was only modestly ahead of the expansion in 2012 and weaker than expected fourth quarter data was likely to stoke more concerns

STOCK CHECK. Visitors talk in front of a display showing afternoon trade figures at the Tokyo Stock Exchange in Tokyo, Japan, 04 February 2014. Kimimasa Mayama/EPA

Japan economic growth halves in Sept quarter

Nov 14, 2013 - 12:00 PM

Exports slip and consumer spending slows in a worrying sign for Tokyo s bid to kickstart the world s third largest economy

Shoppers check clothes at a shop in Tokyo on November 14. Japan says growth halved in the September quarter. AFP PHOTO/Yoshikazu Tsuno

Sony shares plunge 11% on slashed full-year outlook

Nov 01, 2013 - 10:17 AM

The maker of Bravia PlayStation cut its earnings forecast for 2013 amid tepid demand for its digital cameras PCs and televisions

A sign is seen atop the headquarters building of Japan's electronics giant Sony Corp. in Tokyo, 21 June 2007. Photo by AFP / Kazuhiro Nogi