The Japanese government has no responsibility, the country’s Supreme Court ruled today in a lawsuit to compensate people whose lives were destroyed by the Fukushima nuclear disaster, according to Japanese media, in a first decision in a series of similar cases. . A tsunami triggered by a magnitude 9.0 earthquake off the northeast coast of […]
Tag: Japan
BoJ keeps its monetary policy unchanged
The monetary policy board of the Bank of Japan (BoJ) has concluded its June monetary policy review meeting on Friday and has decided to leave its monetary policy adjustments unchangedkeeping rates at -10bps while keeping the 10-year JGB yield target at 0.00%. The BoJ vote was 8 to 1leaving its commitment to buy JGBs unchanged […]
Japan turns to ‘realistic diplomacy’
Japanese Prime Minister Fumio Kishida today unveiled what he called a shift to “realistic” diplomacy to help his country defuse the dangers it faces in a world rocked by Russia’s invasion of Ukraine. “The Kishida Vision for Peace will strengthen Japan’s diplomacy and security,” he said in a keynote address at the opening of the […]
Japan: Recession in the first quarter lower than expected
The Japanese economy contracted at a slightly slower pace than initially expected in the first quarter, although household and business spending remained sluggish. The third largest economy, behind the US and China, shrank 0.5% year-on-year, reflecting what would happen if growth continued throughout the year, according to revised figures. Preliminary estimates indicate that the economy […]
Freediving champion Ai Futaki for the salvation of the oceans: “The solution is to multiply love”
Between us and the oceans there is one deep connection which we often forget: just think that up to 80% of the oxygen we need to breathe, the most essential act we do, comes from the seas. It is good to remember this, especially today that is the World Oceans Day in which the tragic […]
Russia suspends fisheries agreement with Japan near disputed islands
Russia’s foreign ministry announced today the suspension of an agreement with Japan that allowed Japanese fishermen to fish near the disputed southern Kuril Islands, claiming that Tokyo had not paid the payments stipulated in the agreement. “In the current situation, we are forced to suspend the implementation of the 1998 Agreement until the Japanese side […]
Japan: Prime Minister Kishida Considers Attending NATO Summit
Japanese Prime Minister Fumio Kishida is considering attending a meeting of NATO heads of state in late June to boost co-ordination with the West over the Russian invasion of Ukraine, sources familiar with the matter said. Such a visit would signal an unusually aggressive stance on a Japanese leader, although Kishida has repeatedly condemned Russia […]
Japan: PMI services strengthened to the highest level of the semester
Service activity in Japan grew at a six-month high in May as the consumer climate recovered further after easing restrictions on coronavirus, although high energy and material costs pushed import prices to record highs. The final PMI for services rose to the seasonally adjusted 52.6 points from 50.7 points in the previous month, with activity […]
Japan: Factory production declined in June
Factories in Japan also plummeted production in April, as China cut off coronavirus and wider supply disruptions severely affected processing companies, overshadowing the prospects for a trade-dependent economy. Separate data showed that retail sales recorded the biggest increase of the year, as consumers increased spending after the government eased restrictions on the pandemic, withstanding pressure […]
Kishida: Quad forces, including India, express concern over war in Ukraine
Quad leaders, including India, have expressed concern over the situation in Ukraine during a meeting in Tokyo, Japanese Prime Minister Fumio Kishida said today. “The four leaders had an honest discussion on the implications of the Ukrainian situation in the Indo-Pacific region and we, including India, expressed our concern about the tragic war in Ukraine […]
