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Hello Kitty turns 50

Nov 1, 2024
Hello Kitty, the famous Japanese character, turns 50 today. She's earned billions for Sanrio, which created Hello Kitty and other cute characters. But it hasn't always been smooth sailing for the business.
The character is beloved by millions worldwide and has been the face of its parent company, Sanrio, for half a century.
John Keeble/Getty Images

Why investors backed away from carry trades this week

Aug 9, 2024
Investors are reminded why its risky to invest with borrowed money. Subscribe to get the "Make Me Smart" newsletter every Friday!
Richard A. Brooks/ AFP via Getty Images
Richard A. Brooks/ AFP via Getty Images

One week, three central bank meetings

Jul 29, 2024
In meetings this week, central bankers will consider cutting interest rates in the U.S. and U.K., while rate hikes could be on the table in Japan.
While goods price inflation has fallen in the U.K., services prices remain very sticky.
Yui Mok/POOL/AFP

Foreigners find Japan's empty homes not empty of value

Jun 26, 2024
There are millions of empty homes in Japan. A growing number of immigrants are buying and renovating them.
There are an estimated 9 million abandoned homes, known as akiyas, across Japan.
Buddhika Weerasinghe/Getty Images

The cost of imports from Asia and North America are moving in opposite directions

Apr 12, 2024
The things we buy from China and Japan became cheaper in March, while prices rose on automotive goods and energy from Mexico and Canada.
Each category of goods that the U.S. buys from Mexico, Canada, China and Japan has its own price trend, as does each country's currency.
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How a weak Japanese yen affects the U.S. economy

Mar 27, 2024
Japanese autos have not dropped in price and U.S. exports now become more expensive.
Until recently, Japan’s central bank has kept interest rates low to spur growth.
Kazuhiro Nogi/AFP via Getty Images

What makes Japan’s economy the odd man out? 

In an effort to stimulate a sluggish economy, the government got creative and started applying negative interest rates.
Bank of Japan Governor Kazuo Ueda speaks at a press conference.
Kazuhiro Nogi/AFP via Getty Images

For public good, not for profit.

Why would China sell off its U.S. debt — if that's what it's doing

Nov 7, 2023
There's a hot debate about what it's doing with its holdings, and the answer could affect how much it costs Americans to borrow money.
"We care about whether foreign governments or entities are buying U.S. Treasurys because it impacts the cost of borrowing in this country," said Jesse Wheeler of Morning Consult.
Mark Schiefelbein/POOL/AFP via Getty Images

Japan loosens its grip on long-term interest rates

Oct 31, 2023
The Bank of Japan’s "yield curve control policy" could be on its way out as central banks around the world raise rates to beat inflation.
Until recently, the Bank of Japan was trying to keep interest rates on bonds low to stimulate the economy. Above, the Bank of Japan building.
Richard A. Brooks/AFP via Getty Images

Why the U.S. isn’t concerned that Japan might act to prop up its currency

Sep 20, 2023
The U.S. isn’t usually thrilled when a country intervenes in its own currency. But boosting the yen is likely to help Japan’s economy, which could help the U.S. in turn.
If the yen jumps around too much, anyone that wants to trade with Japan might hold off.
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