Japan

‘National crisis’ was how Japanese Prime Minister Shigeru Ishiba described the fallout from President Trump’s ‘Liberation Day’ tariffs in a speech on Friday. That was strong language from the normally measured Ishiba, but was borne out by the bloodbath in the Nikkei stock exchange over the last few days of trading. Stock markets around the world have been battered, but Japan’s has been one of the worst. It plunged 2,600 points to close down a whopping 8 per cent today, the third largest fall on record. Amongst the worst casualties were the Mizuho Financial Group, whose shares fell 10.6 per cent, and Mitsubishi, whose stock plunged by 10.2 per cent.

Foreign Secretary David Lammy and Business Secretary Jonathon Reynolds are in Tokyo for ‘2+2’ (two ministers for the price of one) talks with their Japanese counterparts. The sessions are expected to be at least superficially productive, with hopeful talk of enhanced cooperation on security and strengthened economic ties (particularly on AI). Apparently, details of a new trade and defence deal, including plans to develop a new industrial strategy partnership between the 4th and 6th biggest economies in the world, will be announced, along with some hot air about an offshore wind project. There is something faintly desperate in the idea that the UK can be of much help to Japan

The Japanese city of Osaka has banned smoking on the streets in an apparent effort to smarten up the city and make it more ‘visitor-friendly’ ahead of this year’s World Expo, which begins in April. Smoking had been prohibited in six zones, including around the central station prior to the announcement. But on Monday, all public streets, buildings, parks and plazas in the city became smoke free. Smoking and vaping in all but the smallest eateries has been banned too, though designated smoking rooms will still be permitted. The fact that the smoking ban is getting significantly more coverage than the Expo itself highlights the difficulties organisers have had in rousing

Yet another natural disaster has struck in Japan as floods and landslides in the Noto peninsula, precipitated by ‘unprecedented’ rainfall, have killed seven (according to the state broadcaster NHK) with 10 people missing. As usual, these numbers are expected to rise. The Ishikawa area was pounded on Saturday with the heaviest continuous rainfall (540 millimetres in 72 hours in the city of Wajima) since records began. One resident Akemi Yamashita described scenes as ‘heart-breaking’ with the floods, which she saw rising quickly to half the height of her car as she drove through town, like ‘something from a movie’. This latest tragedy is a reminder of how treacherous, climatically and

Most people know that Japan is a country cursed with considerable seismic activity; frequent, and very occasionally devastating, earthquakes and tsunamis are a fact of life – and death. Less well known is the blessing the country’s position along the Ring of Fire brings – or potentially brings: abundant geothermal energy. It is estimated that Japan’s geothermal resources, a sort of natural subterranean cauldron, could meet 10 per cent of the country’s energy needs. At the moment though, geothermal makes up just 0.3 per cent of energy consumed, according to the International Renewable Energy Agency (IRENA). This makes it a massively, and some would say bizarrely, underexploited resource for a

Nagasaki’s Peace Park held a ceremony today to mark the 79th anniversary of the dropping of the atomic bomb on the city (which killed 74,000 people). It was a sombre and moving occasion, as it always is, and one usually attended by high level representatives of all nations. This year was different though: the ambassadors of the UK, US and Israel were elsewhere, holding their own memorial at a Buddhist temple in Tokyo, 750 miles away. Nothing spooks the Japanese as much as disorder The reason is an unseemly row over the withdrawal of an invitation to Israel, by the mayor of Nagasaki Shiro Suzuki, apparently over fears of potential

Japan is running out of rice. Stocks have fallen to their lowest levels in decades, prompting fears that emergency reserves may need to be accessed. Prices have hit a 30-year high as private companies held just 1.56 million tons in June, the lowest level since 1999 and 20 per cent less than the previous year. Partly this is just the result of a poor crop caused by unfavourable climatic conditions – high temperatures combined with water shortages. But there is more to it than that: whereas Japan would once have shrugged off an occasional bad year, the poor state of the farming industry in Japan means seasonal fluctuations in yield

Japan’s Olympics have got off to the worst possible start. The captain of their women’s gymnastics team Shoko Miyata has withdrawn, or more accurately been obliged to withdraw, after admitting breaking the team’s code of conduct while at their training camp in Monaco. Her Olympic dream is over and she leaves in disgrace. So, what was this unacceptable behaviour? Well, it appears Miyata smoked a cigarette and drank alcohol (once, for each). Smoking and drinking are prohibited for anyone under the age of 20 in Japan. Miyata is 19. Miyata’s Olympic dream is over and she leaves in disgrace JGA’s (Japanese Gymnastic Association) president Tadashi Fujita offered a grovelling apology

The Japanese Emperor is in London today for a state visit, the first by the occupant of the chrysanthemum throne to the UK for 26 years. Along with a trip to Buckingham Palace, Emperor Naruhito, accompanied by his wife Empress Masako, will inspect the Thames barrier, which the Emperor studied as a student. He’ll then proceed to Oxford where he spent happy years as an undergraduate. The Emperor will also pay a private visit to St. George’s chapel and lay a wreath at the tomb of Queen Elizabeth II. Naruhito is a genuine Anglophile. You may not hear too much about this visit, due to other salient events obviously (there

Tokyo For many, the idea of quitting a job they hate, of walking into their boss’s office and telling him or her in no uncertain terms what they think of it (and them perhaps), and then striding out without a backward glance, is a delicious one, a pleasant daydream to be enjoyed on the dreary daily commute. But for the Japanese, the idea of resigning from your company is positively traumatic, so much so that the latest boom industry here is agencies who will take care of the whole messy business for you. For the Japanese, the idea of resigning from your company is positively traumatic There are now dozens

Another week, another fun fact about Japan’s declining birthrate and ageing population to startle and amuse us. Japan has now recorded a full decade where sales of adult nappies outstripped those of baby nappies. Thanks to the surfeit of geriatric incontinents, one well-known manufacturer, Oji Holdings, has made headlines by giving up on tots entirely and announcing it will shift its production to nappies for seniors instead. It is a reasonable business decision by the company. There just aren’t enough babies. Indeed, children under the age of 15 made up less than 12 per cent percent of the country’s population in 2022, while those aged 65 and over constituted almost

Karolina Shiino, a 26-year-old naturalised Japanese woman originally from Ukraine, has been obliged to give up her Miss Japan title after confessing to an affair with a married man. Shiino, whose parents are Ukrainian and who came to Japan aged 5, was awarded the title just two weeks ago. As the first non-ethnically Japanese woman to be crowned Miss Japan she had already generated a certain amount of controversy but the revelations about the affair, published in one of Japan’s weekly magazines, has brought her brief tenure to an inglorious end. The pageant organisers had initially defended Shiino by claiming that she didn’t know her lover (who is an influencer

In ten years’ time, there’s a good chance that the main concern in the western world will be the threat of population collapse. Fertility rates are falling everywhere and no government has found a way of reversing the trend. Plenty have tried. South Korea has so far spent $200 billion on tax breaks and lowering childcare costs and has succeeded only in beating its own record for the world’s lowest birth rate, year after year. In Italy, the situation is close to a crisis, and in France it’s not much better. If this continues, the welfare state model, which depends on a decent worker-to-pensioner ratio, will collapse. There will not