Category: Japan

Japan Raises Interest Rates to 31-Year High Under U.S. Pressure

The New York Times – Business:
The Bank of Japan’s widely expected move followed an unusual campaign by Treasury Secretary Scott Bessent for tighter monetary policy.
Architects of Japan’s Easy-Money Policies Are Changing Their Minds

The New York Times – Business:
As the Bank of Japan weighs another rate increase on Friday, a divide over how Japan should confront inflation is widening.
Toyohiro Akiyama, Japan’s Chain-Smoking ‘Space Antihero,’ Dies at 84

The New York Times – On the Runway:
A journalist, he was the first Japanese person to enter space, joining a Soviet crew as part of a spectacular $35 million ratings stunt in 1990.
Haruomi Hosono, Architect of Japanese Pop, Pushes West

The New York Times – Music:
After recent endorsements from Vampire Weekend and Harry Styles, Haruomi Hosono, 79, returns to the U.S. with a new album and tour.
Haruomi Hosono, Architect of Japanese Pop, Pushes West

The New York Times – Music:
After recent endorsements from Vampire Weekend and Harry Styles, Haruomi Hosono, 79, returns to the U.S. with a new album and tour.
Satsuki Katayama, the Woman at the Center of Japan’s Currency Fight

The New York Times – Business:
Japan’s finance minister, Satsuki Katayama, is under pressure to strengthen the yen while balancing competing demands from the prime minister and Washington.
Global Bond Sell-Off Puts Investors on Edge

The New York Times – Business:
Government borrowing costs are hitting multi-decade highs around the world, reflecting anxiety about debt levels, deficits and inflation.
The Best Outfits Are a Little Undone

The New York Times – Fashion & Style:
Plus: Kusama’s polka dots and a tip on where to find the best vintage tennis gear.
Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On

The New York Times – Business:
Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
Hiroshi Okuda, Disrupter Who Revived Toyota in the 1990s, Dies at 93

The New York Times – Business:
As the car company’s president, he made decisions quickly and shook things up, expanding overseas manufacturing and introducing the Prius, a milestone in automotive history.
Why Japan Is Struggling to Stop the Yen’s Decline

The New York Times – Business:
The currency has resumed its slide, eroding gains after the U.S. Treasury intervened to prop it up, as concerns mount about the direction of the country’s spending.
The Fed Didn’t Raise Rates. The Bond Market Did.

The New York Times – Business:
The market is saying risks are rising. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it’s also a boon for retirees.