Top Stories - Economy

8

Downtown Tokyo tent city population goes over 300

http://www.japantoday.com

A temporary tent village set up at a central Tokyo park has drawn more than 300 people without jobs or homes since it was set up on New Year’s.

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Created by Edward Chmura 3 days 12 hours ago – Made popular 2 days 7 hours ago
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8

Homeless rate in big cities up 15% on year

http://search.japantimes.co.jp

And that's in November. How many of the 85,000 temporary and day workers who have lost or are expected to lose their jobs (and their places to live) by March will join them? It seems to be that Japan, Inc. has gone awry.

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7

Recession leads to copy machine graveyard

http://www.asahi.com

Bad news. Machines are hit hard by this recession! Copy machines go. What's next? "Redundant" PCs? Vending machines to follow?

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7

Tokyo Web cafe for recession refugees

http://www.stuff.co.nz

I think I've seen a story similar to this one either on JAPUNDIT or elsewhere previously - but this originates out of New Zealand so what can you say?

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7

State to aid foreigners in dire financial straits

http://search.japantimes.co.jp

Help is on the way. Mr. Aso has barked the order and the Minister in charge of population and gender equality will spearhead the effort, but "nothing concrete has been decided on, including when the new office will be formed or who the members will be" according to a Cabinet Office official.

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6

Japan as Number 19

http://mdn.mainichi.jp

Japan's dollar-based per-capita gross domestic product in nominal terms was the lowest of all the Group of Seven (G7) countries in 2007.

It was 19th among the 30 member countries of the Organization for Economic Cooperation and Development (OECD), the lowest position since 1980. No comparable figures are available before that year.

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9

Honda threathens to pull out of Japan

http://uk.reuters.com

Honda Motor Company, which recently shocked Japan by pulling out of F-1 racing, has warned that continued inaction by the Japanese government in the face of the soaring yen may force it pull out of Japan!

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9

Tokyo Disneyland enjoys a minnie recession boom

http://www.kentucky.com

"In a way, the slumping economy works well for Tokyo Disneyland," said Hiroshi Watanabe, an economist at the Tokyo-based Daiwa Research Institute.

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9

Japanese workers face horror of mass firing era

http://www.japantoday.com

Is this the end of "escalator" career? Is this the end of the "you go out and make money and I stay home and raise my kids" era? Hard times, nonetheless. I can't even fire myself, the only "employee" of this "self-employer", but maybe my clients could...perish the thought.

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8

Social networking site Gree makes strong debut

http://theblackship.com

This guy looks real excited over his company's IPO...

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9

Honda warns of hollowing out Japan's auto industry

http://theblackship.com

Japan faces the same situation America faced in the 1980's

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9

26 cities request emergency support for foreign workers

http://search.japantimes.co.jp

Dozens of cities and towns with large numbers of foreign residents called on the central government Wednesday for help in protecting their jobs and supporting them amid the rapidly crumbling labor environment.

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8

Japan's Zombie Businesses

http://www.reason.com

This is sort of more about America than Japan, but an awful lot of it is about Japan. It's all about Japan's attempts to prop up a failing economy and what America can learn from it.

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8

Louis Vuitton scraps planned Tokyo flagship store

http://www.reuters.com

LVMH, the world's biggest luxury goods group, has scrapped a planned Louis Vuitton flagship store in Tokyo's glitzy Ginza shopping district, as a spreading recession takes the luster off designer brands.

LVMH has broken off talks over opening a store in a planned building in Ginza due for completion in 2010, an official for the developer, Hulic Co Ltd, said.

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Created by News Junkie 2 weeks 6 days ago – Made popular 2 weeks 5 days ago
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7

Remember the bubble economy years

http://www.japantoday.com

I wasn't living in Japan when it all happened in the land of "Bubbles". I remember, however, helping my boss make money off those nouveau riche Japanese lining up to buy anything they could get their hands on, telling us how cheap things were in my "unbubbly" land. It was truly amazing....

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Created by lalalemon 3 weeks 2 days ago – Made popular 3 weeks 1 day ago
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6

China, Japan, South Korea Central Banks to Start Annual Meeting for Regional "Financial Stability"

http://dailyme.com

BEIJING, Dec. 10 (Xinhua) -- The central banks of China, Japan and Republic of Korea have agreed to meet annually to discuss financial issues to promote financial stability in the region...

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Created by LuMe323 3 weeks 4 days ago – Made popular 3 weeks 1 day ago
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7

Minimum wage far below cost of living for men in 20s in metropolitan area: survey

http://zichi.blogspot.com

Men in their 20s in and around Tokyo need to earn 1,345 yen an hour to maintain the minimum standard of living -- far more than the current minimum wage of 766 yen, figures from a labor think tank have shown.

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Created by zichi 4 weeks 3 hours ago – Made popular 3 weeks 6 days ago
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6

Moves afoot to limit numbers of taxis in Japan

http://www.yomiuri.co.jp

The same government bureaucrats who keep taxi fares at artificially high levels are now hard at work trying to figure out how to cut the supply of taxis on the road.

And they say they are doing so to protect you from the dangers caused by taxi drivers scrambling for passengers and reckless driving.

Aren't you happy you have such nice people looking out for you?

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Edward Chmura's picture
Created by Edward Chmura 4 weeks 10 hours ago – Made popular 3 weeks 6 days ago
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7

Firms turn to rehiring former employees

http://theblackship.com

Amid a labor shortage, business enterprises are increasingly looking to bring back former employees who quit for family reasons or because of a spouse's transfer.

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6

Toshiba to halt chip output due to weak demand

http://dailyme.com

Toshiba Corp , the world's No. 2 maker of NAND flash memory, will halt chip production at two plants for nine days due to weak demand, in its first output break in seven years, broadcaster NHK reported on Friday.

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zichi's picture
Created by zichi 4 weeks 4 days ago – Made popular 4 weeks 1 day ago
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6

The Japan model is everywhere

http://www.japantoday.com

If my memory serves me correctly, the Japan model was a darling of the world twenty years ago. Now, the new Japan model is a fearful model that's haunting the world, they say. Methinks, we can get out of this economic mess by doing opposite of what Japan has done, no?

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Created by lalalemon 4 weeks 2 days ago – Made popular 4 weeks 1 day ago
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10

Honda to pull out of Formula One

http://news.bbc.co.uk

Honda is pulling out of Formula One, blaming the world economic crisis for plans to sell its team, which costs more than £300m a year to run.

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8

Dollar to dip below 90 yen?

http://www.breitbart.com

Lawrence Lindsey, a former economic policy adviser to U.S. President George W. Bush, has told Japanese lawmakers in Tokyo the U.S. dollar could slip below 90 yen.

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Created by Edward Chmura 4 weeks 5 days ago – Made popular 4 weeks 4 days ago
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6

Japan headed back to the bleak days of the '70s

http://business.timesonline.co.uk

Japanese car sales have plummeted at a pace not seen since the bleak economic days of the early 1970s. Confirming fears that Japan has crashed into its sharpest downturn since the Second World War, November sales of cars, lorries and buses plunged by 27.3 per cent from the previous year.

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8

Japan's currency traders still hooked

http://www.theaustralian.news.com.au

Turkey lodged a formal complaint last year to the Japanese Government about japanese women currency traders destabilising its currency.. Nomura Securities said that up to 25% of its total trades were from women and their pesky kei-tais - they will bring us all undone.

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Created by remora 5 weeks 2 days ago – Made popular 5 weeks 2 days ago
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7

Gov't to offer cash benefits regardless of people's income levels

http://www.japantoday.com

The internal affairs ministry said on Friday people of all income levels in principle will be eligible for the planned cash handouts aimed at giving some relief to people during increasingly tough economic times.

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zichi's picture
Created by zichi 5 weeks 3 days ago – Made popular 5 weeks 3 days ago
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8

Norinchukin to Raise Over 1 Trillion Yen-Nikkei

http://dailyme.com

Japanese bank's exposure to troubled U.S. mortgage companies totaled 5.5 trillion yen...

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LuMe323's picture
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7

Panasonic cuts FY 2008 profit estimate by 90%

http://theblackship.com

More bad news for the Japanese economy. Seems like the recession is digging it's claws in pretty deeply over here now.

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6

Japan economists call for 'Obama bonds'

http://atimes.com

Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.

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Edward Chmura's picture
Created by Edward Chmura 6 weeks 5 days ago – Made popular 6 weeks 2 days ago
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8

Been There, Done That: Japan's Bailout Journey

http://dailyme.com

As America's financial crisis has deepened, Japan has found itself gripped by a growing sense of deja vu.

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