World Business Report Tariff pressures shift global container flows
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Jul 21, 2025 Discover how tariffs are reshaping global container shipping and trade flows. Two former Fed chairs caution about political pressures on the central bank’s independence, raising concerns for the U.S. economy. In Japan, Prime Minister Shigeru Ishiba grapples with declining popularity and economic challenges, particularly rising rice prices. Meanwhile, an Oxfam bookshop in the UK turns a Nick Cave donation into book-selling gold, illustrating creativity in unexpected places. Tune in for insights on trade dynamics and political implications.
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Economic woes sway Japan election
- The Japanese election was dominated by economic issues, especially rising prices impacting households.
- The government's failure to reduce staple food prices like rice contributed significantly to its defeat.
Japan's fragile government slows trade
- Japan's weakened government may slow US-Japan trade deal progress.
- The US could apply more pressure, but Japan's limited parliamentary control hampers swift decisions.
Populism rises in Japan politics
- Populist parties in Japan gained by addressing economic and 'pocketbook' issues.
- Immigration concerns were highlighted but not a major policy focus yet.