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AdvertisementSome employers in Japan are offering "tropical escape" programs, where workers with bad seasonal allergies get subsidized trips to regions with lower pollen counts, according to The Washington Post. Such programs are seen as a way to enhance worker productivity in Japan, where hay fever is much more prevalent than in the US. It started in 2022 because its CEO has bad hay fever. In Japan, hay fever is not only a public health concern but also a challenge to the economy. In February, Japan's Prime Minister Fumio Kishida described hay fever as a "national disease" that negatively impacts productivity.
Persons: , Naoki Shigihara, Aisaac, Fumio Kishida, Mitsuhiro, Okano Organizations: Washington Post, Service, The Washington Post, Post, Business, The Japan, country's Ministry of Environment, Centers for Disease Control, Japan Times, Japan's, Chiba Prefecture's International University of Health, Welfare Narita Hospital, Nikkei Locations: Hay, Japan, Okinawa, Hawaii, Guam, Tokyo, Chiba, Nikkei Asia
Ned Watson bought a home in Japan that had been abandoned for two years for less than $50,000. The lack of guns and violence is one of the best things about Japan. My house was abandoned for two years, but didn't need much workI've been living in Japan since 2010, and I got this house in late 2019. I could basically live this lifestyle forever for $20,000 a year, which to me is not a lot of money. So really think about the area that the place is in, what type of personal infrastructure you're going to need to live there.
Persons: Ned Watson, Watson, I've, they're, you'll, It's, that's, it's, you've, I'm, Ned — he's Organizations: Tokyo Station Locations: Japan, Shisui, Japan's Chiba Prefecture, Australia, Georgia, America, New York City, Tokyo, Chiba Prefecture, Narita City, Narita, Watson's
Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Philip Fong | Afp | Getty ImagesAsia-Pacific markets mostly fell Wednesday, with China's CSI 300 closing at near 5-year lows, though Japan defied the trend to extend its 33-year high. Japan's Nikkei 225 surged 2.01% to cross the 34,000 mark for the first time since March 1990, closing at 34,441.72. The broader based Topix also gained, climbing 1.3% to end at 2,444.48 and also hitting levels not seen in more than 30 years. Hong Kong's Hang Seng index dropped 0.49%, while the mainland China's CSI 300 lost 0.47% to finish at 3,277.13, hitting its lowest level since Jan. 31, 2019.
Persons: Philip Fong, Topix, Kospi Organizations: Mount, Afp, Getty, CSI, Nikkei, Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture, Asia, Pacific, Japan
Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Japan's economy posted its third straight quarterly expansion, provisional government data showed Tuesday, as robust exports growth helped the world's third-largest economy expand 6% in the second quarter, handily beating market expectations. Economist surveyed by Reuters had expected the world's third-largest economy to post 3.1% growth in the April-June quarter. Quarter-on-quarter, the Japanese economy expanded 1.5%, topping expectations for 0.8% growth. The benchmark Nikkei 225 index extended gains to trade up nearly 1%, while the Japanese yen pared losses against the U.S. dollar.
Organizations: Mount, Reuters, Nikkei, U.S . Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture
Tokyo Skytree (R) and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Asia-Pacific markets are set to start mixed on Monday as investors look toward key data from Japan and China later in the week. Futures for Hong Kong's Hang Seng index stood at 18,857, pointing to a weaker open compared to compared to the HSI's close of 19.075.19. This would be the first time in almost a month that the HSI went lower than the 19,000 mark. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,251 compared to the last close of 7,340.1
Persons: HSI Organizations: Mount, Nikkei Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture, Asia, Pacific, Japan, China, Chicago, Osaka, 19.075.19, Australia
Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Japan's current account balance logged the fifth straight month of surplus in June as the trade balance swung to a surplus, government data showed on Tuesday, easing some concerns about any decline in purchasing power of the world's third largest economy. The current account surplus stood at 1.51 trillion yen, or $10.6 billion, in June, Ministry of Finance data showed. That marked an expansion of about 1 trillion yen from the same month a year earlier and compared with economists' median forecast for a surplus of 1.4 trillion yen in a Reuters poll.
Organizations: Mount, of Finance Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture
watch nowThe Bank of Japan has pushed back on speculation its recent policy adjustment marked the start of a tightening cycle. On Friday, the BOJ unexpectedly loosened its yield curve control, a move some market watchers said marked the start of the end of the Japanese central bank's ultra-easy monetary policy position. The BOJ's yield curve control is part of its ultra-easy monetary policy, which also includes keeping short-term interest rates at -0.1%. It is aimed at reflating growth in the world's third-largest economy and sustainably achieve its 2% inflation target after years of deflation. There is no free lunch for any policy," Ichida said.
Persons: Shinichi Ichida, Ichida, Bank of Japan Ichida Organizations: Bank of, Bank of Japan Locations: Bank, Bank of Japan, Chiba prefecture
CNBC Daily Open: A new dawn for Japan
  + stars: | 2023-07-05 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: 1 min
In this article 9983.T-JPBRK.ABRK.B Follow your favorite stocks CREATE FREE ACCOUNTA general view shows the skyline of Tokyo as pictured from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Philip Fong | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? What you need to know todayThe bottom line
Persons: Philip Fong Organizations: Afp, Getty, CNBC Locations: Tokyo, Ichikawa city, Chiba prefecture
CNBC Daily Open: The sun rises on Japan
  + stars: | 2023-07-05 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Philip Fong | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayU.S. markets on holidayU.S. markets were closed yesterday for the Fourth of July holiday, while futures were little changed on Tuesday night. Inflation exceptionalismThe U.K. is the only G7 country where inflation is still rising, according to data from the Organization for Economic Cooperation and Development. The sky's the limitAround 30% of the flights operated by U.S. airlines were delayed between June 24 through July 2.
Persons: Philip Fong, Abu Dhabi's, Xi Jinping, aren't, Niño, El Niño Organizations: Tokyo, Mount, Afp, Getty, CNBC, Organization for Economic Cooperation, Development, U.S, aren't fazed, World Meteorological Organization Locations: Mount Fuji, Ichikawa city, Chiba prefecture, Tokyo, China, Beijing, U.S
Tokyo Skytree (R) and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Japanese business sentiment improved in the second quarter as raw material costs peaked and the removal of pandemic curbs lifted factory output and consumption, a central bank survey showed, a sign the economy was on course for a steady recovery. Companies expect to increase capital expenditure and project inflation to stay above the Bank of Japan's 2% target five years ahead, the quarterly "tankan" showed, offering policymakers hope that conditions for phasing out their massive monetary stimulus may be gradually falling into place. Strong capital expenditure also led to brighter sentiment among machinery makers," said Atsushi Takeda, chief economist at Itochu Economic Research Institute. "The tankan confirmed our view that Japan's economy is on track for a moderate recovery."
Persons: Atsushi Takeda Organizations: Mount, Bank of Japan's, Itochu Economic Research Institute Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture
Jera, which has this LNG-fired power plant in Japan’s Chiba prefecture, and two other companies have agreed to purchase over two million tons of LNG annually from Oman. TOKYO—Japanese companies said they reached deals with Omani and U.S. producers for mid- to long-term natural-gas supplies, a move to lock up the fuel after turmoil this year caused by Russia’s invasion of Ukraine. The deals signal the renewed importance of relatively stable producers of liquefied natural gas or LNG, including the U.S. Japan is among the world’s largest importers of LNG, alongside China, and relies on the fuel for nearly 40% of its electricity production.
Jera, which has this LNG-fired power plant in Japan’s Chiba prefecture, handles about 40% of the country’s annual imports of LNG. TOKYO—Japan imports nearly all of its natural gas and, despite the worst energy crisis in many years, it isn’t facing shortages or out-of-control prices. Its secret is a reliance on long-term contracts for liquefied natural gas, a strategy that had been in decline until recently but now is rebounding in popularity. The world’s largest buyer of LNG is enjoying a moment of validation—at least for now.
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