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Category Archives: Economy

US Commerce Secretary Declares “Trade War”

US Commerce Secretary Wilbur Ross has a stark message for those who fear that Trump administration policies could lead to a global trade war: He says that the war is already on and now the United States is prepared to join it in earnest.

Falling Workforce Hits Convenience Stores

The declining workforce is already having an economic and social impact across Japan, and one industry which is already facing major changes is that of convenience stores, which depend on the existence of a pool of cheap labor in order to thrive. The largest chains such as Seven & i Holdings, Lawson, and FamilyMart are on the front lines.

Abenomics is Dying

A policy begins when it is announced by its policymakers, but it can be a much trickier matter to judge when a policy ends. Still, we may now say with some degree of confidence that the era of Abenomics is coming to an end. This is not dependent on whether today’s market meltdown in China is just a blip on the screen or the signal for something much more significant.

Fast Food Chains Crowd into Japanese Market

Foreign fast food and casual dining companies are ready to take a bite out of Japan’s food market, in spite of the country’s hampering tax hikes and reports about the struggles of major players like McDonald’s. In quick succession at the start of this year, a string of overseas companies, mainly American, announced that they would enter the Japanese market.

LCCs No Friend to Regional Revitalization

Local communities and governments hoping for an economic boost through a direct connection to Narita Airport’s newly-opened Terminal 3 might be in for a disappointment. The terminal currently hosts five low cost carriers (LCCs), companies that tend to operate only on highly profitable and popular routes.