Who is to pay for Trump’s trade war against China?

The US President Donald Trump and the big American tech companies have raised the stakes this week in the ongoing Pacific war. Japanese and South Korean tech giants have also joined the Americans in black listing Huawei and other Chinese companies in an all out war against China. As expected, Japan supports the US policy […]

OECD joins with Japan to fight financial crime by establishing new academy

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría and Japan’s Minister of Finance Taro Aso presided today over a signing ceremony to establish a new centre of the OECD International Academy for Tax Crime Investigation in Wako, Japan. The signing, which took place in the margins of the meeting of […]

Japan’s agro-food sector would benefit greatly from policies to boost innovation, entrepreneurship and sustainable resource use

This article is brought to you in association with OECD. Japan’s agriculture sector has traditionally been characterised by small-scale rice production, but has recently begun to respond to new market opportunities for higher value food products across a rapidly growing East Asia. Today, rice represents less than 20% of the value of agriculture production, and larger, […]

How Japan can take the lead with an ageing workforce

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Makiko Eda, Chief Representative Officer, World Economic Forum Japan, Member of the Executive Committee Japan, like many countries around the world, faces the transformative effects of Globalization 4.0, as Fourth Industrial Revolution technologies put pressure on existing economic and […]

6 charts that show how Japan’s economy stacks up as it enters a new era

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content Japan has entered a new era: following the abdication of his father, Emperor Akihito, Emperor Naruhito has ascended to the throne. He may have no political power under the Japanese constitution, but […]

Japan’s holiest shrine is pulled down and rebuilt every 20 years – on purpose

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content Shinto is Japan’s indigenous religion, blending formal, elaborate ceremonial practices from the imperial tradition with local, community-based beliefs. Followers of Shintoism worship their ancestors and regard them as the guardians of the family. […]

Japan’s population is shrinking by a quarter of a million people every year

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content How do you stop your country’s population shrinking? While some obvious suggestions may spring to mind, coming up with policy responses is not often simple. Nowhere is this felt more acutely than in […]

Further reforms in Japan needed to meet the challenges of population ageing and high public debt

This article is brought to you in association with OECD. The Japanese economy is undergoing the longest expansion in its post-war history, marked by strong job creation and business investment. Government policy must overcome the intertwined challenges posed by rapid population ageing and high government debt to ensure sustainable and inclusive growth for future generations, according […]

The financial world upside-down: debt failure closer

A round $10 trillion worth of bonds are currently being traded in world markets on negative interest rates. At the same time, the European Central Bank prepares to flood the Eurozone and the banking world with hundreds of billions of zero interest rate euros, in an abrupt change of monetary policy course from restrictive to […]

How Japan became the world leader in floating solar power

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content How do you increase your solar energy output when you need all your land for agriculture and for housing? Answer: take to the water. That’s just what they are doing in Japan. The […]

In Japan, if you’re 76 you’re biologically 65

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Beale People experience the health problems of the average 65-year-old at different ages around the world, with citizens in some countries suffering them 30 years earlier than in others. Japan and Switzerland have the healthiest ageing people, […]

Draghi: ECB to flood Eurozone and the world with more zero cost money; risk of drowning in cash

Last Thursday, the European Central Bank decided to start again feeding the bankers with more zero cost trillions. This was a surprise to many, because everybody thought the €2.6 trillion the ECB has already handed to banks free of charge were enough. Seemingly, Mario Draghi thinks it is not and hurried to invite the bankers […]

Japan’s workforce will be 20% smaller by 2040

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content As many as 12 million Japanese people may disappear from the country’s workforce by 2040, according to official estimates. That’s a fall of around 20%. Japan’s shrinking working-age population is a demographic timebomb. […]

Brexit: Only Corbyn and May in concert can make the needed compromises

A small group of British Tory MPs numbering around 120 representatives are decisively planning to send Britain to the cliff in a no-deal Brexit. Before last Xmas, they triggered an intraparty procedure to oust Prime Minister Theresa May from the party Presidency and consequently drive her out from 10 Downing Street. They were in minority […]

Japan should reform retirement policies to meet challenge of ageing workforce

This article is brought to you in association with OECD. Japan must improve job quality and further reform the mandatory retirement age to address upfront the challenges of its rapidly ageing and shrinking labour force, according to a new OECD report. Working Better with Age: Japan highlights that Japan has the highest old-age dependency ratio of all […]

This Japanese company pays its employees to get a good night’s sleep

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content The idea of getting extra pay in return for sleeping sounds crazy, but an upmarket wedding company in Tokyo – called Crazy – is doing just that. The fraught subject of sleep […]

What will it take for the world’s third-largest economy to empower women?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Makiko Eda, Chief Representative Officer, Japan, Member of the Executive Committee, Tokyo Office, World Economic Forum Tokyo The news that there would be just one woman in the Japanese cabinet following Prime Minister Shinzo Abe’s recent reshuffle came […]

The Japanese idea of ‘chowa’ – and how Asia can thrive in the future

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ken Kawai, Chief Regional Officer, Asia Pacific, Mitsubishi Heavy Industries (MHI) There is nothing gentle about revolution. It heralds profound and rapid change. That’s exactly what’s coming in the Fourth Industrial Revolution, the impact of which will be […]

Trump doesn’t only target Germany, aims to crack the entire EU

The EU-US trade war is now deeply dividing Europe between those who export cars to America and those who don’t. Germany and France have for quite some time been at odds, regarding the handling of the latest Donald Trump threat to impose import super-tariffs on cars assembled in Europe. Now, however, their differences are becoming […]

Japanese law professor elected new judge at the International Court of Justice

This article is brought to you in association with the United Nations. An international law professor from Japan has been elected to serve with the principal judicial organ of the United Nations, following the resignation of a sitting judge, earlier this month. Yuji Iwasawa, 63, will join the 14 judges at the International Court of Justice […]

G7 summit: Trump Vs. G6 leaders on trade and climate change

US President Donald Trump continued yesterday his fierceful critic to Canadian Prime Minister Justin Trudeau in the aftermath of last weekend’s G7 summit which took place in La Malbaie, Quebec, Canada with the seven largest advanced economies in the world to discuss about gender equality, women’s empowerment, clean energy, and economic growth that works for […]

Trump’s trade wars: Aiming at long term gains for America

Last Friday, President Donald Trump again surprised  the world by imposing new import tariffs on Chinese products of a value of $60 billion and deferring the imposition of import super levies on European Union steel and aluminum for 1st May. In the latter case he also postponed the new tariffs for another six exporting countries […]

State of the Union 2017: Juncker’s optimism about EU growth and Brexit’s impact

It was last Wednesday when the president of the European Commission made his annual State speech address to the European Parliament pointing out the top priorities for the next year. Jean-Claude Juncker expressed his optimism for the boosting of the EU economy, trade, investment, cybersecurity, industry and democracy. The president of the EC respected the […]

Brexit: Britain and the Continent fighting the battle of Waterloo again

The British Prime Minister Theresa May is amidst an agonizing effort to put together a decent package of trade deals or at least initial and relevant MOUs for the after Brexit era. The obvious reason for that is to convince the Brits and the Parliament that her country will survive after March 2019, in case […]

Trump ‘used’ G20 to side with Putin and split climate and trade packs

While protesters were dynamically trying to reach the part of Hamburg where the G20 leaders of the largest economies of the world were gathered, the most powerful politicians of the globe were reduced to the status of viewers, in the Donald Trump and Vladimir Putin spectacle of rapprochement. Trump also ‘used’ the G20 to tell […]

Europe to turn the Hamburg G20 Summit into a battlefield

This week’s G20 Summit in Hamburg, Germany is expected to become a battlefield from the very first gathering. Chancellor Angela Merkel is to attack the US President Donald Trump, about his rejection of the Paris Climate Agreement. The American will reply with a demand for ‘free and fair trade’ as he ventures it, especially for […]

Trump’s denial of Paris climate agreement; the US Republicans lash out against the world

Donald Trump’s withdrawal from the UN Paris Climate Agreement is a major foreign policy step, rather difficult to understand. For one thing, the American environmental industry technologically spearheads the world in this domain. The US is a global leader in electric vehicles production, where mainstream vehicles are one of the major contributors to air pollution. […]

Trump enrages the Europeans and isolates the US in G7

Last Thursday, Donald Trump, at a superb hall in the new glass and steel NATO building in Brussels, delivered an unruly speech, after having pushed aside Prime Minister Dusko Markovic of Montenegro (the related video has become viral) while walking towards the rostrum. He came out with a blatant and derogatory account aimed at 23 […]

Who can compel Wallonia to unlock CETA, the EU-Canada free trade pack?

No, it wasn’t just the tiny Wallonia region of Belgium and its 3.6 million French speaking inhabitants who blocked CETA (Comprehensive Economic and Trade Agreement). This is an EU-Canada free trade and investment pact that took eight years to the Brussels Commission and the Canadian authorities to draft. It was also the Brexit and the […]

Mario Draghi didn’t do it but Kim Jong-un did

Last Thursday, Mario Draghi, the President of the European Central Bank, was unable to move the capital and money markets with his customary monetary policy Press conference in Frankfurt am Main. On the contrary, North Korea’s leader Kim Jong-un, a global castoff, did it the next day just by pressing a button. However, it took […]

Are the G20 leaders ready to curb corporate tax-avoidance?

Last Monday, the G20 meeting in Hangzhou – the capital of China’s eastern Zhejiang province – the first gathering of the 20 world leaders to be held in the vast country, was not marked by the determination to face up to economic misery and the pitiless wars in Syria, Libya, South Soudan, Yemen, Mali and […]

Eurozone’s central bank leadership prepares for shoddier prospects

It has become commonplace to state that the European economy still doesn’t fare well after six years of recession or practical stagnation. For good reasons however in the past few days the horizon looked particularly darkened. Negative statistical evidence and meandering statements by key people are indicative of that. Inflation or rather disinflation statistics, persistently […]

Who is to pay the dearest price in a global slowdown?

What happens in China is more important for the European economy than a meagre fall of unemployment in the Eurozone. Last Tuesday, China said its February exports dived by a record 25.4%, fuelling new fears for a bigger slowdown in the world economy. At the same time, a Press release by Eurostat, the EU statistical […]