Japanese economy
Japan Launches DOGE-Inspired Office to Combat Budget Waste and Ensure Fiscal Sustainability
Nov 25, 2025 09:30 pm CST
Japan establishes a new government efficiency office inspired by Trump's DOGE to address budget waste concerns amid a $135 billion stimulus package. Finance Minister Satsuki Katayama emphasizes fiscal sustainability while the 30-member team will focus on reviewing low-impact programs, with full implementation expected next year.
Historic Milestone: Sanae Takaichi Becomes Japan's First Female Prime Minister Amid Political Challenges
Oct 21, 2025 01:02 pm CST
Sanae Takaichi has made history as Japan's first woman prime minister, forming a minority government after an unexpected coalition with the Japan Innovation Party. A China hawk and social conservative, Takaichi faces significant challenges including an upcoming Trump visit, economic stagnation, and declining LDP support. Despite her conservative views on traditional family structures, she promises a cabinet with "Nordic" levels of women representation in a country ranked 118th in global gender equality.
Sanae Takaichi: Japan's First Female PM Faces Coalition Crisis and Economic Challenges
Oct 07, 2025 12:37 pm CST
Sanae Takaichi, poised to become Japan's first female prime minister, faces significant challenges including potential loss of the LDP's longtime coalition partner Komeito, economic pressures, and complex diplomatic relations with the U.S. under Trump. As a staunch conservative, her political stance on historical issues and immigration threatens to reshape Japan's political landscape while she seeks to address inflation and maintain the crucial Japan-U.S. alliance.
Japan's Unemployment Rate Rises to Highest Level in Over a Year Amid Labor Market Shifts
Oct 03, 2025 04:41 pm CST
Japan's unemployment rate increased to 2.6% in August, signaling potential changes in the labor market as companies face chronic worker shortages and wage pressures. Despite this slight cooling, the overall job market remains tight, with businesses increasingly turning to foreign workers and wage increases to address staffing challenges amid speculation about another Bank of Japan rate hike.