Latest stories

  • Suga needs to get radical to save Japan

    TOKYO – When economists and investors wonder what to expect from Japan’s next leader, they’re not thinking of the front runner in the premiership race that will be decided on Monday, Cabinet Secretary Yoshide Suga. They are really thinking of Haruhiko Kuroda. The Bank of…
  • Japan’s deflation troubles spreading across Asia

    Japan’s multi-year deflation battle may be entering its most dangerous phase yet: contagion. The economic version of the pandemic upending nations everywhere might not be existential. But it does mean the specter of Japan-like funks around Asia can’t be downplayed. Not with Malaysia, Singapore, Taiwan,…
  • Japanese yen looks set to surge

    TOKYO – It’s been a number of years since Japan Inc lost sleep over the yen exchange rate. Say what you will about Shinzo Abe’s reform regimen, but the prime minister kept the peace in currency circles. As Abe heads for the exit, markets are…
  • Covid-hit Japan now paying banks to lend

    TOKYO – In its decades-long effort to prod financiers to loosen up and lend more to defeat deflation, the Bank of Japan (BOJ) is trying a new tack: incentivizing them with bonuses. Talk about a language that bankers can understand, even in aging, hyper-conservative Japan.…