Chinese ballistic missile launches around Taiwan, some of which landed inside Japan’s Exclusive Economic Zone (EEZ), are a “serious problem affecting our national security and that of our citizens,” Japanese Prime Minister Fumio Kishida said today. . “We call for an immediate halt to China’s military drills,” which began on Thursday and are expected to […]
Tag: Japan
Nancy Pelosi in Japan
US House Speaker Nancy Pelosi arrived in Japan today, the last stop on her Asia tour that included a visit to Taiwan that drew China’s ire. AFP reporters saw the plane carrying Pelosi land at Yokota Air Base, near Tokyo, from South Korea. Beijing, which considers the self-governing island of Taiwan part of its territory, […]
Japan: ‘Five Chinese ballistic missiles landed in our EEZ’ – Protest from Tokyo
LAST UPDATE: 23.40 China today fired missiles it said flew over Taiwan and fell into Japan’s exclusive economic zone for the first time as it began military exercises around the island, responding to a visit by US House Speaker Nancy Pelosi to Taipei. . Japanese Foreign Minister Yoshimasa Hayashi today called for an “immediate halt” […]
China’s big problem isn’t Pelosi – it’s ‘Japanization’
By William Pesek Xi Jinping has plenty to worry about: coronavirus, housing crash, inflation, Pelosi. But the Chinese president’s biggest problem… comes from Tokyo. Something strange is happening with Chinese banks: one financial institution lends to another. Last Friday, transactions in the one-day Repos (repurchase agreements) market reached record levels exceeding $900 billion. That’s how […]
Japan: Manufacturing and retail sales strengthened
Japanese factories increased output at the fastest pace in nine years in June as they eased problems caused by China’s coronavirus restrictions, in a welcome sign for policymakers who hope the economic outlook will improve. . Separate data showed retail sales rose for a fourth straight month in June, supporting the view that a pick-up […]
BoJ: Agreed on need for low interest rates, sees wage rises as ‘key’ to future
Bank of Japan members saw rate hikes as key to sustainably hitting their 2% inflation target, according to minutes of their June meeting, underscoring the bank’s determination to keep interest rates extremely low despite rising indications price pressure. Some of the nine-member d.s. saw price increases widen and lead to changes in long-held perceptions that […]
Japan: The killer of 7 people in Tokyo in 2008 was executed
A Japanese man who was sentenced to death in 2015 for killing seven people in 2008 on the streets of Akihabara, a district of Tokyo known for its many electronics stores, has been executed, local media reported today, including public broadcaster NHK. Tomohiro Kato had driven his car into passersby in broad daylight before getting […]
Japan: The government downgraded estimates for GDP growth in the fiscal year
The Japanese government cut its estimates for economic growth this fiscal, mainly due to a slowdown in overseas demand, highlighting the impact of Russia’s war in Ukraine, strict lockdowns in China due to the coronavirus and a weakening global economy. The forecast, which serves as the basis for drawing up the government’s state budget and […]
Japan: Government downgrade of growth estimates expected
The Japanese government is expected to cut estimates for economic growth for the fiscal year 2022 to around 2 percent, sharply down from a forecast of 3.2 percent in January, according to Japan’s Nikkei newspaper. The estimates come after the Bank of Japan’s quarterly survey released yesterday cut its estimate for growth in the year […]
Japan: Inflation above central bank target for third month
Inflation in Japan came in above the central bank’s target of 2% for a third straight month in June as the economy comes under pressure from high global commodity prices that have pushed up the cost of the country’s imports. The rise in consumer prices comes to test the Bank of Japan’s view that recent […]