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Japan Economy

Japan Slips Back Into Recession

AP | ELAINE KURTENBACH | Posted 11.17.2014 | Business

TOKYO (AP) — Japan's economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike, dragging the...

The Global Economy Is Flying on One Engine -- But There Is Turbulence Ahead

Nouriel Roubini | Posted 12.18.2014 | World
Nouriel Roubini

If the Republican Party takes full control of the U.S. Congress in the midterm election, policy gridlock is likely to worsen, risking a rerun of the damaging fiscal battles that led last year to a government shutdown and almost to a technical debt default. More broadly, the gridlock will prevent the passage of important structural reforms that the U.S. needs to boost growth.

Benjamin Bracher: Is China Following in Japan's Footsteps?

Southwestern University | Posted 07.20.2014 | College
Southwestern University

The question of China's economic growth in the coming years is more relevant now perhaps than ever before, as growth in the mature economies of the world has been slow to re-establish itself after the financial crisis of 2008-2009.

Japan: Chasing the Third Arrow of Abenomics

Lutfey Siddiqi | Posted 10.26.2013 | World
Lutfey Siddiqi

It is no wonder that Japan greets Abenomics with caution. At a retail level, people have held deflationary expectations for years and at a professional level, fund managers and corporations have seen unstable governments come and go.

Structural Reform: Key to Abenomics

Eugene Matthews | Posted 07.29.2013 | World
Eugene Matthews

It is PM Abe's implementation of Structural Reforms that will determine whether the Prime Minister will be seen as Japan's greatest modern post-war leader or a flash in the pan.

Japan's Latest Challenge: Rising Bond Yields

Jared Bernstein | Posted 07.23.2013 | Business
Jared Bernstein

Some facts about the impact of Japan's aggressive stimulus program to inject $1.4 trillion into the economy over the next two years.

Postcard From Japan: Talking Zen, Abenomics, Social Networking and the Constitution With Prime Minister Shinzo Abe

Arianna Huffington | Posted 07.09.2013 | World
Arianna Huffington

"I have experienced failure as a politician," Japanese Prime Minister Shinzo Abe once said. In his second round as the country's prime minister, he is determined to avoid the mistakes of the past -- beginning with how to deal with the stagnant Japanese economy. I asked Abe about this when I met with him on Thursday afternoon in his office in Tokyo. "My policies do not conform with the conventional wisdom," he said. "However we have been suffering from a long period of deflation and at the end of last year we faced a serious unemployment crisis. I am convinced that my economic policies are the only path to break out of this crisis." For now, while the U.S. and Europe sputter along, restrained by the politics of austerity, Japan under Shinzo Abe is set on a bold course to revive a moribund economy.

Postcard From Tokyo: What Zen, Haiku and Tea Have to Do With Surviving the Financial Crisis

Arianna Huffington | Posted 07.07.2013 | World
Arianna Huffington

Japan's spirit is being tested by the same recession and financial crisis afflicting all industrialized nations. But paradoxically, there are answers to be found to Japan's very modern crises in its most ancient traditions. There are shrines and temples and gardens everywhere. It is common to see monks meditating and easy to join them in meditation. And the latest twist is Buddhist temples using Zen meditation, cold-water ablutions and other traditional ceremonial practices to help young people looking for jobs! By taking its traditions and adapting them to solve new problems, by going both forward and backward, both outward and inward -- juxtapositions that in Japan don't have to be contradictions -- the people of Japan are poised find a new and vibrant balance for the 21st century.

Abenomics: The Silver Bullet for Japan's Deflation

枝野幸男 | Posted 07.06.2013 | World
枝野幸男

The primary causes of Japan's deflation are the reduction of demand in a maturing society, a decline in the middle class, and the overall population decline. Growth requires that you face these factors so that we don't repeat the same mistake.

Too Early to Declare That Japan Is Back

Barry D. Wood | Posted 05.14.2013 | Business
Barry D. Wood

It is far too early to declare, "that Japan is back." Japan's challenges are legion -- a shrinking population, natural disasters, soaring debt, a high cost structure that inhibits competitiveness, and most of all deflation.

Japan's Fiscal Stimulus: Yes, There Is Such a Thing as a Free Lunch

Mark Weisbrot | Posted 04.15.2013 | World
Mark Weisbrot

Economists like to say there's no such thing as a free lunch -- this was even the title of a 1975 book by Milton Friedman. But sometimes there is a free lunch -- in a vitally important sense -- and now is one of those times for a lot of countries suffering from unnecessary unemployment.

A Famous Victory

Robert Zevin | Posted 03.24.2013 | Business
Robert Zevin

The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.

Bank of Japan Prepares to Launch More Zeros

Michael Pento | Posted 03.20.2013 | Business
Michael Pento

The reason for this is clear; Japan's debt has ballooned to over $12 trillion and is now 237% of their GDP. So, what's a government and central bank to do? The answer of course is enacting yet another new fiscal stimulus package that will be monetized by the BOJ.

Will What Happens in Japan Stay in Japan?

Mohamed A. El-Erian | Posted 03.18.2013 | Business
Mohamed A. El-Erian

Paul Krugman is right: Japan is attempting a paradigm policy shift with potential systemic implications; and sustainability and success are not certain. The outcome, still too early to tell, will be consequential for Japanese society and the global economy as a whole.

Japan's Coming Challenges: What Awaits Shinzo Abe

Rajan Menon | Posted 02.25.2013 | World
Rajan Menon

Japan has big problems -- at home and abroad. And Shinzo Abe, who became prime minister of Japan this month, has his work cut out for him.

Japan Sinking AGAIN?

Reuters | Posted 01.12.2013 | Business

* Ruling Democrats, opposition strike deal on deficit bond bill * PM has set passage of bill as a condition for calling election ...

The Search for a New Growth Model

Motohisa Furukawa | Posted 03.28.2012 | Business
Motohisa Furukawa

Equilibrium between the economy, society and the environment must be viewed as complementary rather than a trade-off. This is not a zero-sum game.

Japan Unveils Program To Ease Strains Of Strong Yen

AP | By TOMOKO A. HOSAKA | Posted 10.24.2011 | Business

TOKYO -- Japan's government on Wednesday unveiled a $100 billion loans program to ease the strains of a strong yen and encourage companies to turn adv...

Pity the Policymaker

Mohamed A. El-Erian | Posted 09.21.2011 | World
Mohamed A. El-Erian

Six important issues speak to the problem for policymakers in Europe, the US, and Japan. First, all three economic areas are struggling with unsettling de-leveraging dynamics.

Back In Recession, Japan Keeps Interest Rates Near Zero

AP | Posted 07.20.2011 | Business

TOKYO -- Japan's central bank kept its key interest rate unchanged at virtually zero Friday to shore up a quake-battered economy. The Bank of Japan's...

Report from Tokyo: A Mindset of Normalcy

David Wagner | Posted 07.11.2011 | World
David Wagner

The best way for Japan to heal is to become an engine of growth again. Respecting the Fukushima Daiichi tragedy can and must lead to a return to a normal life now.

Lost Japan Sales Cut Into Profits Of U.S. Companies

Posted 06.26.2011 | Business

NEW YORK (Phil Wahba) - The Japan earthquake, tsunami and nuclear crisis are cutting into the sales and profits of U.S. companies that serve Japan...

OECD: Tax Hike In Japan Will Help Economy During Recovery

AP | By JACOB ADELMAN | Posted 06.21.2011 | Business

TOKYO -- Japan should as much as quadruple its sales tax rate to deal with a crushing deficit that's bound to grow as it spends on reconstruction from...

Japan's Earthquake Will Hit Economy Harder Than First Feared

Posted 06.12.2011 | Business

TOKYO (Rie Ishiguro and Shinji Kitamura) - The economic damage from Japan's massive earthquake and tsunami last month is likely to be worse than fir...

Safes, Cash Wash Up On Japan Shores After Tsunami

AP | TOMOKO A. HOSAKA | Posted 06.10.2011 | World

OFUNATO, Japan — There are no cars inside the parking garage at Ofunato police headquarters. Instead, hundreds of dented metal safes, swept out ...