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Category Archives: Economy

Fight for $15 Reaches Japan

Protesters gathered in the Shibuya district of Tokyo on October 2. They want McDonald’s to raise its minimum wage to 1,500 yen per hour (about US$13).

Aging Population Cuts Labor Force

In recent years, the Japanese population has been decreasing significantly and this has brought about major difficulties related to a workforce shortage, and also leading to a reduction in GDP growth.

TPP 11 Designed for US Return

Kazuyoshi Umemoto, Japan’s chief negotiator for the Trans-Pacific Partnership, or TPP, says that the new pact between eleven nations has been consciously designed to facilitate the return of the United States in the future.

Japan and the Northern Sea Route

Global warming is progressively creating a new reality that ships from East Asia, including Japan, might soon be regularly able to reach Europe more quickly via the shipping route that runs along Russia’s Arctic coast, from the Bering Strait in the east to the Kara Sea in the west, rather than using the conventional route via the Suez Canal.

Harrowing the Tourist Lodging Industry

The Minpaku Law appears to be aimed mainly at alleviating social problems and ensuring safety, but it risks forcing many existing Airbnb and other similar minpaku accommodations to close their doors.