Kazuaki Nagata

New condominiums are costing more than 10 times the average annual salary in Japan, according to data released by Tokyo Kantei, a real estate market research firm. Wages are not keeping up with rising costs and developers are, as a […]

The Cabinet approved a ¥21.9 trillion ($142 billion) economic stimulus package on Friday to help households cope with inflation and boost economic growth. Of the total, ¥13.9 trillion will be in the form of spending. Loans and government investment are

A consortium that includes Tokyo Metro will be awarded a contract to operate London’s Elizabeth Line, a major train route serving the country’s capital city and environs. It is the first overseas deal involving actual line operations for newly listed

Only a few smaller opposition parties in Japan are considering a reduction in the consumption tax rate ahead of the general election, with the main opposition and the ruling parties supporting the current rate of 10%. “If the consumption tax

Japan’s largest opposition party just made the Oct. 27 general election more interesting with a surprise policy that could have significant implications for the race and, potentially, for the economy as a whole.　 The Constitutional Democratic Party of Japan issued

ClassPass is betting that more people in Japan want to go to the gym and that more visitors to the country want to maintain their fitness routines. The New York-headquartered company, which provides access to gyms globally on a membership

Real wages in Japan fell in August, bringing into doubt the earnings recovery some politicians hope will drive a sustained economic recovery. The labor ministry said real wages declined 0.6% year-on-year in August as high inflation ate away at solid

Japan’s new finance minister hinted Monday that the new administration might be less hawkish on rates than originally expected. “I will put every effort into getting Japan out of deflation,” said Finance Minister Katsunobu Kato, who is also the minister

Prime Minsiter Shigeru Ishiba will be more like former Prime Minister Fumio Kishida than former Prime Minister Shinzo Abe as head of the government, analysts argue. He is also seen as a pragmatist willing to compromise. After news of his

The yen traded wildly Friday as the Liberal Democratic Party’s presidential election came down to the wire with two candidates with differing views on the Bank of Japan and interest rates. In the runup to the vote, the Japanese currency