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Economics

China Moving Slowly into Hokkaido

Chinese money is pouring into Hokkaido at a much greater scale than imagined. In his recent visit to the island prefecture, Chinese Premier Li Keqiang attended a forum of Japanese prefectural and Chinese provincial governors in Sapporo on May 11, [...]

Is Pachinko Headed for Extinction in Japan?

Studies reveal huge drop in players, hall operators Casey Baseel reports: A grim mortality rate for pachinko parlor management companies shines a light on the poor health of the industry. I’ve lived in the same neighborhood of Yokohama for more [...]

Kim Jong Un’s Money Running Out

SEOUL — Kentaro Nakajima reports: North Korean leader Kim Jong Un’s secret fund has almost run out of money because the country has repeatedly carried out nuclear tests and test-launched missiles, according to Radio Free Asia (RFA). The [...]

Japanese Business Confidence Hits 11-Year High

Tokyo (AFP) – Confidence among Japan’s biggest manufacturers is at an 11-year high, a key central bank survey showed Friday, as the world’s number-three economy picks up pace. The bullish survey underscored how Japan’s [...]

China Box Office Poised To Hit $8.3B In 2017

Nancy Tartaglione reports: Chinese box office is expected to see a strong boost when 2017’s final numbers are tallied: up as much as 20% or more to RMB 55B ($8.31B), according to the state media authority. The growth this year is spurred on by the [...]

Enjoy That Cup of Coffee! Your Total Comes to $55

To justify eye-popping prices, high-end java spots use rare beans, fancy machines, elaborate preparations and heaps of hyperbole. NEW YORK— Charles Passy reports: In this hyper-caffeinated city, you don’t have to venture far to find an [...]

China is Living the Future of Mobile Pay Right Now

Mainland Chinese stores and services are increasingly centered around mobile pay apps like WeChat Pay and Alipay. Chinese mobile payment volume more than doubled to $5 trillion in 2016, according to Analysys data cited by Hillhouse Capital. Mobile [...]

Japan Buries Our Most-Cherished Economic Ideas

The country has mountains of debt and a tight job market. So where’s the inflation? Noah Smith writes: Japan is the graveyard of economic theories. The country has had ultralow interest rates and run huge government deficits for decades, [...]

Foreigners Snap Up Record Number of U.S. Homes

Diana Olick reports: Foreign purchases of U.S. residential real estate surged to the highest level ever in terms of number of homes sold and dollar volume. Foreign buyers closed on $153 billion worth of U.S. residential properties between April [...]

Is China’s economy turning Japanese?

It is more than 30 years since Tokyo began inflating a property and stock market bubble, as fears grow that Beijing faces a similar fate. Leo Lewis Tom Mitchell and Yuan Yang report: There are few things studied as closely by the Chinese Communist [...]