Japan’s premier animation house is considering dismantling an expensive production system, possibly laying off full-time artists and animators in Japan and outsourcing to Southeast Asia. Today’s graphic is a timeline of Studio Ghibli’s feature film releases and their respective earnings.
Japan is the only major Western-oriented economy that has not banned exports of mercury, which is used in gold mining operations in Indonesia and other countries, causing damage to health and the environment. The country has yet to ratify the Minamata treaty that was agreed last October. Today’s graphic looks at the countries that import/export the most mercury.
Warm, moist air currents from the Pacific produce high temperatures and humidity throughout most of Japan in summer. Tokyo will host the 2020 Summer Olympic Games, scheduled to be held from July 24th to August 9th. Today’s graphic is a comparison of historical daily temperature and humidity ranges in Tokyo for the period of the Olympics. It also shows the humidity and temperature ranges for past Olympic Games.
Japan suffered its biggest economic contraction since the devastating March 2011 earthquake in the April-June quarter, as a sales tax hike took a heavy toll on household spending. Today’s graphic charts seven key indicators for the Japanese economy.
Japan’s Minister of State for Economic and Fiscal Policy Akira Amari spoke openly about cuts in corporate income tax, trade sensitivities, prolonged deflation and bold reforms at a Thomson Reuters Newsmaker event held at our Tokyo office last week.
Amari addressed a full house of Thomson Reuters guests and Japanese and international media before being interviewed by Reuters Japan Bureau Chief Kevin Krolicki, and participating in a Q&A session. He warned that it would be premature for the Bank of Japan to consider an exit strategy from its massive stimulus program, voicing hope instead for further monetary easing if achievement of its inflation goal falls behind schedule. Amari also said that while Japan appears to be emerging from years of persistent price declines, it was too early to formally declare a sustained end to deflation with the economic recovery still vulnerable to external shocks.
“The BOJ has expressed strong determination that it won’t hesitate to take further action if (the timing for meeting the inflation target) is not on schedule. If the BOJ judges that it’s not on schedule, I think the central bank will decide on its own (to act),” he said. (Read the full story here.)
Amari also revealed that corporate income tax rates are likely to be cut by around six percentage points over the next few years (video) and said that ‘Abenomics’ is succeeding where conventional policies failed in pulling Japan from its deflationary slump (video).
Video Highlights: (more…)
The Bank of Japan is expected to stand pat on monetary policy and maintain an upbeat view of the economy at its policy meeting next week. The nine charts below look at how the Japanese economy performed under Prime Minister Shinzo Abe.
As Japanese consumers contend with a tax hike, Prime Minister Shinzo Abe is under more pressure than ever to deliver on a long-awaited new tranche of growth-boosting reforms. Yonggi Kang reports.
Since we posted a similar infographic last year, the big three Japanese electronics giants seemed to have righted the ship. Today’s graphic tracks the market cap, return on equity, operating income and credit rating for Panasonic, Sony and Sharp.
Cigarette consumption increased over a hundred fold over the last century. Enough cigarettes were consumed in 2009 for each person in the world to have smoked an average of 865 cigarettes or 43 packs. Today’s graphic shows a global cigarette consumption trend and the top five consuming countries in Asia Pacific.
The latest figures show Japan’s exports climbing – so what’s got the country’s manufacturers feeling worse? Yonggi Kang reports on the darker side of the country’s trade picture.