Business | May 23

Japan data signals stronger recovery, aided by return of tourists

TOKYO, May 23 ( - Japan’s slow post-pandemic recovery is showing signs of growing momentum, according to the latest gauges of strength in the service and factory sectors.

The au Jibun Bank’s purchasing managers’ index of activity in Japan’s service sector rose 0.9 point to a record 56.3 in May, helped by the post-Covid-19 return of foreign tourists. The reading in the manufacturing sector added 1.3 points to 50.8, rising above the 50 mark that separates a contraction from an expansion for the first time since October 2022.

The readings bode well for the world’s third-largest economy, whose recovery has lagged its global peers. The figures follow data last week showing that the economy expanded at a faster pace than expected in the first three months of the year.

The improving economic picture along with rising stocks will likely keep speculation simmering that Prime Minister Fumio Kishida may consider an early election. Polls showed a bump in the support rate for his Cabinet following the Group of Seven summit in Hiroshima over the weekend. ...continue reading

MORE Business NEWS

Uniqlo, a leading clothing retailer, has announced the start of used clothing sales at its Tenjin store in Fukuoka City, a first for the brand in Kyushu.

With Japan's Nikkei hovering close to the 40,000 mark, market experts point out that the increasing trend of "stock splits" in recent years is supporting these higher stock prices.

As Japan begins overtime regulations for drivers, popular bus tours are now being forced to reconsider their routes.


Four men have been arrested by Tokyo police for allegedly recruiting women for prostitution in the United States via a website, promising encounters with affluent clients and high earnings.

For the first time in 73 years, Japan has unveiled a newly constructed whaling mother ship, equipped with drone technology for whaling operations in the Antarctic Sea.

The Liberal Democratic Party (LDP) in Nara Prefecture has disciplined its former Youth Division Chief following a controversial dance party incident.

Residents of Japan's oldest student dormitory, self-managed for over 100 years, are digging in as Kyoto University attempts to evict them from the premises.

A Japan Airlines flight en route from Melbourne to Narita Airport encountered sudden severe turbulence on April 1, causing injuries to several cabin crew, including a broken leg.