Home > Hot topics
economy
The Glow of the Human Touch: Why Shoeshine Stands are Making a ComebackAhmed M. F. Mostafa

The words “street children” don’t conjure up images of Japan for most people, but don’t be fooled into thinking that no link exists. The 1950s, for example, saw big hits for both Akatsuki Teruko with her 1951 song “Tōkyō shūshain bōi” (Tokyo Shoeshine Boy) and Miyagi Mariko with “Gādoshita no kutsumigaki” (The Shoe Polisher Beneath the Tracks) in 1955. A long row of shoeshine stands on a Shibu…
(More)

Moves Toward Lowering Japan’s Corporate Taxes

Japan is set to lower its corporate tax rate in fiscal 2015 to improve the competitiveness of its companies and encourage inbound corporate investment. Prime Minister Abe Shinzō proposed new economic and fiscal policy measures, including tax revision, in June; the blueprint is to lower the effective rate, now 35.64% for companies based in Tokyo to under 30%.
(More)

A Nascent Democratic Axis for AsiaBrahma Chellaney

Narendra Modi, who recently became prime minister of India, is scheduled to visit Japan later this summer. Geostrategist Brahma Chellaney revisits the Indo-Japanese relationship and finds it thriving on both the economic and security fronts. What is the strategic outlook for these partners moving forward?
(More)

Chinese Investors Not Dazzled by Japan’s Property MarketShida Kenzō

There has been much talk in Japan of a wave of rich Chinese investors buying up luxury condominiums in the Tokyo Bay area, and in response to this supposed demand there has been a mushrooming of Chinese-language real estate investment websites. The apparent aim has been to attract investment from China in the hope of reviving Japan’s real estate market, but so far the response from mainland invest…
(More)

Japan’s Music Industry: Back on Its Downward TrackIan Martin

In February 2013, the international recording industry body IFPI released its annual Digital Music Report. The statistics in this report sent a buzz around the music world: bucking a global trend of gradual decline, the Japanese music business had actually posted growth figures for 2012. Not only that, the growth had been largely driven by that supposedly doomed format, the CD. What was the secret…
(More)

China’s Rise in a Shifting World Economy: Divergence Between the East Asian and Global ViewsShiraishi Takashi

Happy New Year from Nippon.com. We look forward to your readership over the year to come. As we start 2014, I would like to write about some major long-term developments, namely, the ongoing shift in the world economy and the rise of China. First I would ask you to look at the table below, which presents the changing shares of some major countries and groups of countries in the world economy fr…
(More)

Reforms as the Key to a Successful Growth StrategyYashiro Naohiro

Can Abenomics overcome Japan’s prolonged deflation and get the economy back on the growth path? The key to a successful outcome is regulatory reform. Economist Yashiro Naohiro looks at the reform agenda in three fields: agriculture, urban development, and medical and nursing care.
(More)

Japan Must Engage China, Freeze the Senkaku Debate

We talk with Niwa Uichirō, Japan’s first ambassador to China from the private sector, about China’s economy and the deterioration of Japan-China relations over the Senkaku Islands. Niwa, who returned to Japan in December 2012, calls for the leaders of both countries to meet soon and put a freeze on the Senkaku issue.
(More)

A More Confident Japan in a Strong Alliance: Michael Green Speaks

The international scene in East Asia remains fluid, but the new government in place in Tokyo is showing an energetic approach to economic policy and a more stable hand on the tiller of diplomacy. We spoke to the international affairs expert Michael Green about his views on Japanese politics and the country’s place in the regional and global picture.
(More)

Policy for Science, Science for PolicyShiraishi Takashi

On September 24 Prime Minister Abe Shinzō met in Ottawa with Stephen Harper, his Canadian counterpart. The two leaders effectively decided to adopt a bilateral acquisition and cross-servicing agreement, which will allow Japan’s Self-Defense Forces and Canada’s military to provide each other with materiel and transportation services in cases where they are jointly involved in international humani…
(More)

Video highlights

New series

バナーエリア2
  • From the editor in chief
  • From our columnists
  • In the news