Japan's debt record high for 3rd straight year
NHK -- May 11
Japan's Finance Ministry says the nation's debt has exceeded 10 trillion dollars, hitting a record high for a third straight year.

The ministry announced on Friday that the debt stood at more than 1,103 trillion yen at the end of March. The amount was up about 140 billion dollars on the year.

The debt includes 8.9 trillion dollars in outstanding government bonds, about 667 billion dollars in short-term government securities called financing bills, and 484 billion dollars in borrowings.

This translates into 79,000 dollars of debt for each person in Japan.

Tax revenues are not enough to cover the nation's ballooning social security costs as the population continues to age. The government has to rely on issuing new bonds to finance the expenses.

Ministry officials say rebuilding Japan's finances is an urgent matter.

「国の借金」が過去最悪を更新しました。 財務省によりますと、3月末時点の国債と借入金を合わせた「国の借金」の総額は1103兆3543億円で、過去最悪を更新しました。社会保障費などの財源を赤字国債で賄ってきたため、満期10年以上の長期国債が増えました。
News sources: NHK, ANNnewsCH
Nov 17
Japan is one of the few countries where a weaker currency is good for the stock market, but a closer look reveals the long-term consequences of this reliance at a time when companies need to invest abroad for growth. (Nikkei)
Nov 15
Japan's economic professors frequently draw on a common saying as a metaphor to teach students about diminishing returns: The first beer of the night is incredibly satisfying, the second one not as much. (Nikkei)
Nov 15
Convenience store operator FamilyMart Co said Thursday it will allow its franchise owners across Japan to shorten operating hours from March in a bid to address a severe labor shortage during late-night hours. (Japan Today)
Nov 14
Japanese fashion group Fast Retailing Co Ltd, owner of clothing chain Uniqlo, on Wednesday said it has partnered two robotics startups to help improve efficiency in warehousing and distribution. (Japan Today)
Nov 14
Undeterred by a huge loss on U.S. office-sharing platform WeWork, SoftBank Group CEO Masayoshi Son has set his sights on a new big plan: building a sweeping online ecosystem akin to China's Alibaba Group Holding. (Nikkei)
Nov 14
Yahoo Japan under Softbank Group and messaging app Line are negotiating toward a tie-up, according to sources close to the matter. (NHK)
Nov 08
The season's first haul of snow crabs, a winter delicacy, has fetched record prices at a port in western Japan. (NHK)
Nov 07
SoftBank Group CEO Masayoshi Son said Wednesday he made a "poor" decision investing in U.S. office sharing company WeWork at a $47 billion valuation, which led to the worst financial performance in the company's history. (Nikkei)
Nov 06
The number of visitors to the 46th Tokyo Motor Show totaled 1.3 million, topping 1 million for the first time in 12 years, the Japan Automobile Manufacturers Association, the main organizer of the event, said Tuesday. (Japan Times)
Nov 05
Tokyo stocks staged a sharp rebound on Tuesday, allowing the benchmark Nikkei average to finish above 23,000 for the first time in nearly 13 months. (Japan Times)