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July 25, 2026
 

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U.S. ECONOMY

U.S. President Donald Trump¡¯s policies toward Iran, science, education, diplomacy and democratic institutions are accelerating a self-inflicted decline of U.S. global power.
COMMENTARY / World
May 19, 2026
America¡¯s superpower suicide in the Trump era
At a minimum, a superpower must be a modern state that includes, through the rule of law and other institutions, a substantial body of citizens committed to a common endeavor.
A screen displays Japanese and U.S. 10-year government bonds outside a securities firm in Tokyo on Jan. 21.
COMMENTARY / Japan
Feb 4, 2026
Japan¡¯s bond market has a warning for America
Reality, however, has a way of catching up with theory eventually, and now it has for Japan, whose long-term bond yields are rising as the yen is depreciating.
The Trump administration¡¯s new fees and proposed changes to the H-1B visa system risk undermining the country¡¯s college-to-work pipeline for foreign STEM graduates, potentially damaging American competitiveness. ?
COMMENTARY / World
Sep 26, 2025
The H-1B visa reset will crush America¡¯s college pipeline
The Department of Homeland Security says it¡¯s moving to a weighted selection process that would ¡°favor the allocation of H-1B visas to higher skilled and higher paid aliens.¡±
U.S. House Speaker Mike Johnson (center) attends a news conference at the Capitol on May 22 after the House narrowly passed a sweeping budget bill that some worry could add trillions to the country's deficit over the next decade.
COMMENTARY
May 28, 2025
The U.S. is about to discover if deficits actually matter
It turns out that this pattern ¡ª the bigger the debt, the less likely politicians are to address it ¡ª is lurking in the data, and not just in the U.S.
The U.S. economy has shifted from strong growth to heightened recession risk and uncertainty due to President Trump¡¯s aggressive trade tariffs and budget cuts, leaving Congress to reclaim control over policy to avoid worsening economic disruption and global instability.
COMMENTARY / World
May 6, 2025
Only the U.S. Congress can end Trump¡¯s economic uncertainty
There is no chance of reining in the disruption and destruction unless the Republican-controlled U.S. Congress reclaims its constitutional authority over trade policy.
Donald Trump¡¯s punitive tariffs have dealt a blow to U.S. credibility and the greenback. It¡¯s a bigger leap to project the currency's demise.
COMMENTARY / World
Apr 16, 2025
King dollar¡¯s reign looks secure ¡ª for now
The greenback survived Trump¡¯s first term at the pinnacle and will likely endure his second.
American autoworkers assemble Honda Accords at the Japanese company's Marysville Auto Plant in the state of Ohio in December 2017.
COMMENTARY / Japan
Apr 1, 2025
Ford is as American as apple pie. Or is that Honda?
Trump¡¯s 25% auto tariffs will raise car prices, complicate manufacturing and prioritize outdated protectionism over industry trends like electrification and software.
U.S. President Donald Trump¡¯s tariffs are framed as a way to generate revenue and bring and return businesses to America. However, retaliation from trading partners will weaken any potential gains.
COMMENTARY / World
Mar 25, 2025
Making sense of the tariff chaos
Many Americans probably find this rationale compelling. After all, what¡¯s wrong with putting national interests first?
Despite the uncertainty surrounding global trade, there are some bright spots ¡ª namely, the booming trade in services, where the United States is leading the way.
COMMENTARY / World
Mar 23, 2025
America¡¯s big trade win
American workers are reaping the rewards. Services exports directly generated 4.1 million jobs in America in 2022, according to the U.S. International Trade Administration.
Donald Trump¡¯s rapid use of tariffs, disregard for conventional diplomacy and fixation on strength risk undermining the global economic order, isolating the U.S. and triggering widespread economic harm.
EDITORIALS
Jan 31, 2025
The Trump test begins: Tariffs, power plays and economic risk
The speed with which the U.S. president reached for this tariff tool ¡ª against an ally no less ¡ª is proof that his threats are not empty words.
Donald Trump could weaken the dollar, but whether it would boost U.S. exports or improve America's trade balance with other countries is uncertain.
COMMENTARY / World
Jan 12, 2025
Can Trump dump the dollar?
Donald Trump could weaken the dollar, but whether it would boost U.S. exports or improve the trade balance remains uncertain.
It¡¯s hard to overstate the importance of the U.S. Treasury market as it sets global stock and bond prices and shapes U.S. deficit financing costs.
COMMENTARY / World
Nov 27, 2024
Bessent will have to fix America¡¯s finances. Good luck with that.
It¡¯s hard to overstate the importance of the U.S. Treasury market as it sets global stock and bond prices and shapes U.S. deficit financing costs.
The concept of "Buy American" has gained political traction among both leading U.S. parties, appealing to nationalist sentiments and the idea of supporting domestic jobs. But such a policy comes with real costs, monetary and otherwise.
COMMENTARY / World
Oct 23, 2024
¡®Buy American¡¯ policies don¡¯t help Americans
Overall, the study¡¯s researchers estimate that ¡°Buy American¡± provisions cost about $125,000 per job created, a relatively expensive investment.
The U.S. Federal Reserve's cutting of the federal funds rate from 5.3% to a range of 4.75-5%, its first monetary-easing cycle in over four years, has provided China with greater flexibility to stimulate its struggling economy.
COMMENTARY / World
Oct 10, 2024
What U.S. interest-rate cuts mean for China
The Fed¡¯s easing cycle means lower debt burdens and higher liquidity, allowing countries to cut rates without fearing excessive capital outflows.
The lapse of the historic U.S.-China Science and Technology Agreement, coupled with escalating tariffs and trade restrictions, has exacerbated economic tensions between the two countries and impacted global stability.
COMMENTARY / World
Sep 12, 2024
Resetting U.S.-China economic relations
To address global challenges, active cooperation between the two economic powers is indispensable.
Joe Biden¡¯s tariffs on Chinese electric vehicles and other imports are more than symbolic ¡ª they are a signal that the U.S. won¡¯t accept a surge of imports that could undermine crucial parts of his administration¡¯s agenda.
COMMENTARY / World
May 21, 2024
The U.S. is preparing for a second ¡®China shock¡¯
The immediate impact of these tariffs will be small, because the United States currently imports very few of the affected goods from China.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024
U.S. bonds brace for impact of Japan¡¯s currency moves
Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
While Donald Trump and Joe Biden are both highly unpopular, key economic indicators and recent polls suggest that Biden should be worried about the coming election.
COMMENTARY / World
Mar 13, 2024
The anatomy of the Biden-Trump rematch
Trump has an energetic base whereas Biden¡¯s re-election bid generates almost no enthusiasm. Still, many Americans strongly oppose a second Trump term.
A new report by the McKinsey Institute for Black Economic Mobility estimates that it could take up to 320 years for Black Americans to catch up to their white counterparts in quality of life.
COMMENTARY / World
Feb 8, 2024
Black Americans gain no ground on income and wealth
One study estimates that it could take up to 320 years for Black Americans to catch up to their white counterparts¡¯ in quality of life.
A ceremony marking the opening of the carbon credit market at the Tokyo Stock Exchange in Tokyo on Oct. 11
COMMENTARY / World
Aug 15, 2023
Why all carbon credits aren¡¯t created equal
Because the carbon credit market is unregulated and completely voluntary, it¡¯s been able to get away with a lack of scrutiny.
Japan weighs regulating Pokemon cards amid trading mania
A Pokemon event is held in Jakarta on July 11
Japan to set up expert working group on accepting foreign nationals
Chief Cabinet Secretary Minoru Kihara (second from left) addresses a meeting of ministers responsible for policies concerning foreign residents, held at the Prime Minister's Office on Friday.
Head of Swiss euthanasia firm dies after collapsing while ascending Mount Fuji
Around 200,000 people typically scale the 3,776 meter Mount Fuji each year.
Indian brothers make manga debut in Japan
Two Indian brothers made their manga debut in Japan with "Kung Fu Kung Fool" ¡ª an action-comedy series that follows the adventures of a notorious thief and a young boy.
Japan scientists identify clusters of protein believed to trigger Alzheimer¡¯s disease
A team of researchers said they found a ¡°seed¡± that accelerates the amyloid beta accumulation process in the brain, naming it ¡°Peak 1 amyloid beta,¡± as seen in a mouse's brain.
Inside Toho Archive¡¯s mission to save Japan¡¯s cinematic memory
The goal of restoration is not to artificially upscale but to return the film to the condition it was in ¡°the very first day it appeared in the world,¡± says Nobushige Toshima, president and sales division manager of Toho Archive.
The sci-fi sensibilities of electronic trio Black Boboi
Black Boboi was formed in 2018 when solo artists Julia Shortreed, Utena Kobayashi and Ermhoi came together under Kobayashi¡¯s newly founded label, Bindividual.
A perfect storm: Kaze Fujii fans flock to Fuji Rock
Okayama-born singer-songwriter Kaze Fujii has carved out a distinctive place in Japanese pop since his major-label debut in 2019.
Can Japanese comedy get laughs in English? Yoshimoto Kogyo lets the jokes rip
Wes-P has millions of followers and his viral clips made him recognizable out of Japan.
The 180-day locals: Life on Japan¡¯s digital nomad visa
Christopher Flinn works remotely from Tokyo earlier this month. Japan issued 646 digital nomad visas in 2025, but tourism officials are hoping to increase that figure in the coming years, with Japan's relatively cheap cost of living and the weak yen seen as potential draws for young professionals.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo¡¯s Shinjuku Ward.
Kabukicho: Tokyo¡¯s ¡®stadium of desire¡¯

Longform

For many people, utility poles and power lines have become such a familiar part of Japan¡¯s landscape that they often go unnoticed.
Why Japan¡¯s utility poles won¡¯t be disappearing anytime soon
By Alex K.T. Martin

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