Nipponica

Prime Minister Shigeru Ishiba will announce the initiative at the Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, that runs from Wednesday to Aug. 22.

Japan will support efforts to link India, the Middle East and Africa. The aim is to capture demand in African emerging markets and pursue economic security aims, such as ensuring a stable supply of resources.

To increase maritime shipping in the western Indian Ocean, Tokyo will use official development assistance to help build ports and roads in East Africa.

More belts. More roads.

A July survey in Japan found that 84.2% of respondents make use of code payments for purchases, using a barcode or QR code displayed on a smartphone. The survey was conducted by Kufū Company Holdings on 2,559 users of its household budgeting app and related services.

Code payments have become a standard for cashless transactions in Japan, even surpassing the 76.3% of respondents who use physical credit cards. The next most popular form of payment, at 69.8%, is electronic money, which includes systems used on public transportation such as Suica and Pasmo, or money issued by retailers like Aeon. Meanwhile, only a minority of respondents, at 14.7%, use debit cards.

QR and barcodes seem like a step back when we already have contactless payments like Suica. It is more expensive to support FeliCa but all terminals support it by now.

The ¥2,000 banknotes never gained popularity, despite the promotional efforts of the Ministry of Finance and the Bank of Japan, because most ATMs and vending machines did not issue or accept them. Circulation peaked at around 510 million notes in August 2004, and then declined rapidly thereafter. Since that fiscal year, no new notes have been printed, and the number in circulation has remained just below 100 million, which is only 0.6% of all banknotes in circulation. The notes have become so rare that many people have never encountered one or wonder if they can still be used to make purchases.

However, in Okinawa the situation is quite different. The note has special significance for residents of the prefecture because it features an illustration of the Shureimon gate of Shuri Castle, which is the symbol of Okinawa. ATMs for Okinawa Bank and the Bank of the Ryūkyūs have a “¥2,000 priority button” that allows users to choose to withdraw these notes to use for their daily purchases.

I distinctly remember using an ATM in Okinawa for the first time and the 2000円 notes being spit out. Was my first time seeing them and I briefly thought I was being scammed. They are beautiful banknotes and the only remaining ones with the previous design language since they were not changed with its 1000円, 5000円, and 10000円 comrades.

U.S. President Donald Trump's tariffs will create regional trading blocs and realign global supply chains, the CEO of Japanese trading house Marubeni has warned.

"There is a perception that things are getting back to normal" now that some countries have tariff agreements with the U.S., but "the protectionist tendencies will alter the movements of goods and alter supply chains in the mid to long term," Masayuki Omoto, the CEO of one of Japan's five main general trading houses, told Nikkei Asia.

"I believe economies will become more regionally focused -- or bloc-based," he said.

Globalization being buried, one tariff at a time.

The Finance Ministry on Tuesday upgraded its economic view on Okinawa Prefecture, reflecting robust vehicle sales and an increase in Japanese and foreign tourists.

Any good news about my old home is welcome. Okinawa during the pandemic was a quiet place so it is good that things are picking back up.

For the January-June first half, tax-free sales totaled 285.7 billion yen, down 14.6%.

Some of the declines may have been exaggerated by a drop in tourism from Hong Kong and other mainly Chinese-speaking countries due to rumors of an imminent earthquake, which turned out to be groundless.

But industry officials caution that the slowdown may not be temporary and are redoubling their efforts to attract foreign shoppers amid global economic headwinds. Economists warn that the impact of Trump's tariffs -- on Friday the baseline 10% rate is set to go up -- will further raise consumer anxiety around the world.

Putting the Hong Kong earthquake hoax to one side, this is an example of actions having consequences. There is a slow anti-tourist movement growing in Japan and this is a natural and obvious result.

While I do understand the dislike of some tourist behavior and overcrowding, one also has to factor in the benefits of it, not just monetary but also in boosting Japan’s soft power. If the anti-tourism sentiment continues and increases, Japanese may have a quieter and less crowded country, but also a weaker and poorer one as well.

On Thursday, Koike held a 15-minute meeting with UN Secretary General Antonio Guterres at the organisation’s headquarters in New York. There, she proposed that more of the UN’s offices be relocated to cities elsewhere in the world, including Tokyo.

“Tokyo would like to provide various types of support [to the UN],” Koike told reporters after the meeting, highlighting the city’s advantages over other locations, such as “public safety, security and now, with the weak yen, there are other positive aspects to life”.

Guterres acknowledged that his office had “received offers of cooperation from various countries and regions”, but declined to elaborate on the Japanese proposal or whether it might be pursued further.

The UN offices across the world are heavily weighted towards New York and Europe, with the base in Nairobi being the main exception. Tokyo is already an HQ for one UN body, the United Nations University so it would make sense as a new Asian base outside its primarily regional office in Bangkok (which is facing a huge funding problem this year).

Dozens of shops, restaurants and bars lining the streets of Tateishi Nakamise, a covered shopping arcade – or shotengai – in the capital’s eastern suburbs will make way for a new development. It will transform the skyline, but also change beyond recognition an entire community whose roots lie in the destruction caused by the second world war.

Across Tokyo and other Japanese cities, shotengai that sprung up during the Showa era [1926-1989] are in a losing battle against property developers, depopulation and a consumer culture that demands convenience.

On one side of the local railway station, a tall screen partially hides cranes preparing the ground for apartment blocks, shops and a multi-storey local government office. On the other, families that have run shops, bars and restaurants for two or three generations are bracing for the inevitable arrival of the wrecking balls.

This one hits close to home as I live on a famous shotengai that luckily is still bustling. When supported and funded properly by cities, these areas are communities unto themselves and should be protected. So much connection is lost when these unique alleys are replaced by cookie cutter developments.

The internal affairs ministry plans to survey municipalities about uncollected resident tax from foreigners who leave Japan without paying, in order to consider countermeasures, a government source said Friday.

Workers living in Japan as of Jan. 1 are subject to resident tax for that year. However, it is typically paid in monthly installments from June of the following year and the time lag contributes to the problem, as some foreign workers leave Japan before their payments begin.

The core of the problem here is that municipalities are taxing people on a year delay, not people not paying. It is the first thing in the populist playbook to claim the immigrants aren't paying their fair share, but the answer to this problem is not to punish people when the system itself should be the object of reform. Adopting an immediate resident tax would simplify everything.