Japan and Ecuador were left heartbroken as their 1-1 draw in Belo Horizonte on Monday saw them miss out on the Copa America quarter-finals, with Paraguay qualifying instead.
As spring approaches in Japan, the country's weather forecasters predicting exactly when the famed cherry blossoms will bloom. Natsuko Fukue has the details
From smashing social boundaries to chasing Pokemon, the power of Japanese manga to inspire and entertain fans around the world surges forth in a major London show opening Thursday.
Despite its 1,300-year history and UNESCO Intangible Cultural Heritage status, washi paper is struggling to attract consumers and the market value has dropped by more than 50 percent in the past two decades.
Japan should more than double the consumption tax rate to as high as 26 per cent to ensure its fiscal sustainability, the Organization for Economic Cooperation and Development said Monday. In its biennial report, the OECD said Japan faces the intertwined challenges of a rapidly graying population and large government debt, which require a “comprehensive fiscal consolidation plan, including specific spending cuts and tax increases.”
Japan’s household spending rose less than expected in February and real wages tumbled at the fastest pace in more than three years, raising concerns about the hit to the consumer sector from heightening global uncertainties. The data is likely to be discussed by policymakers worried that risks to the export sector from ongoing trade disputes may discourage firms from raising wages, which in turn would hurt consumption.
As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues «very quickly.» US Trade Representative Robert Lighthizer and Japan›s Economy Minister Toshimitsu Motegi
Japan will forge ahead with a planned sales tax hike to 10 per cent in October, likely knocking the economy into contraction in the fourth quarter, a Reuters poll showed. Tokyo has twice postponed raising the sales tax from 8 per cent but Prime Minister Shinzo Abe has repeatedly said the hike would be proceeded this time. To blunt its economic impact, the government has earmarked about 2 trillion yen ($18 billion) in spending.
Japan called on Group of 20 counterparts to strengthen coordination to address potential risks to the world economy, as simmering trade tensions and China’s slowdown cloud the global growth outlook.