In 2025, the S&P 500’s 16% rise allowed the U.S. economy to power ahead in spite of the disruptions and uncertainty created by erratic shifts in tariffs policy.
Economics
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Economics
ECONOMICS WATCH – Populism Soon May Be Coming to Fed and to the U.S. Economy
by Henry WillmoreThe ongoing rise in the unemployment rate is an important development within the U.S. economy but also somewhat at odds with other economic indicators and the ongoing gains in the equity markets, writes Economist Henry Willmore.
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Overall investment in AI likely will exceed $400 billion in 2025, a near doubling of 2024 expenditures, which itself represented a doubling over 2023 expenditures. What does this mean for the U.S. economy?
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Economics
ECONOMICS WATCH: The Fed Reacts to a Stronger Whiff of Stagflation
by Mark Vrunoby Mark VrunoThere are signs of U.S. economic stabilization after being rocked by the erratic rollout of tariffs policy. Despite decelerated job growth, the unemployment rate has shown little change, reports the Fed.
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The Fed Open Market Committee (FOMC) likely to cut interest rates heading into the fourth quarter, Chairman Powell says. How will the risks of growth and inflation be calibrated? Federal Reserve should proceed with caution as tariffs uncertainty persists.
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Economics
JAPANESE HEADLINES: Epson Expands Inkjet Printing Applications
by Tetsuo Kuboby Tetsuo KuboOEM Seiko Epson doubles municipal high-speed MFP deployments in Japan; employs inkjet printing technology.
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Economics
ECONOMICS WATCH: Tariffs, Immigration Policy Widen Cracks in the Labor Market
by Henry WillmoreU.S. jobs outlook remains bleak largely due to policy changes regarding tariffs and immigration as well as, dare we say, artificial intelligence (AI).
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Economics
JAPANESE HEADLINES: Ricoh Japan Promotes 5 Key DX Strategies
by Tetsuo Kuboby Tetsuo KuboDigital transformation (DX) may be the answer to solving customer, local, and social issues, says Ricoh Japan.
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The good news is that while the economy remains sluggish, a recession probably is not on the near horizon. Buying decisions halted by tariffs uncertainty won’t be postponed for much longer.
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Economics
JAPANESE HEADLINES: Major MFP Manufacturers Disclose Impact of U.S. Tariff Policies
by Tetsuo Kuboby Tetsuo KuboIn Japan, May earnings reports from nine multifunction printer OEMS reflect international trade concerns and financial impact of U.S. tariff policies.
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As lawyers sharpen their autopens. uncertainty likely will be the force having the greatest impact on the U.S. economy, not the direct effects of the tariffs themselves.
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As Japanese multifunction printer OEMs brace for mid-July tariffs, many manufacturing operations are relocated in Southeast Asia.
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Stagflation is an economic condition characterized by slowing economic growth, high unemployment, and rising prices (inflation) simultaneously. Favorable price and wage inflation data released in April provide some reassurance that price increases related to tariffs can be contained.
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Economics
Japanese Headlines | Otsuka Shokai Utilizes AI Happiness for Employee Well-being and Company Growth
by Tetsuo Kuboby Tetsuo KuboAmid Japan’s growing labor shortage, an AI-powered app is helping to boost employee engagement, reduce turnover among young or high-performing staff, and rapidly integrate mid-career hires.
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Why it is doubtful that 2025’s consumption slowdown signals a serious downshift of economics activity, plus a tariff update. Author’s note: Consumer confidence surveys do not have an especially good record when it comes to predicting what consumers will actually do.
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Economics
Japanese Headlines | Beyond MFPs: Ricoh’s AI-powered Business Evolution
by Tetsuo Kuboby Tetsuo KuboFrom cutting-edge AI development to workforce training, Ricoh is pioneering the future of digital services.
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Early 2025 inflation data have reinforced the theme that getting back to 2% inflation will take longer than generally anticipated. Henry Willmore examines the recent data and why it will be the second half of the year before the FOMC feels confident enough to resume cutting interest rates.
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Economics
Japanese Headlines: Otsuka Corporation Achieves Annual Sales of 1 Trillion Yen with Its Total Office Solution Vision
by Tetsuo Kuboby Tetsuo KuboJapanese manufacturer Otsuka Corp. achieves annual sales of $6.6 billion (USD) with its Total Office Solution vision.
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Key data for the fourth quarter show 2024 finishing on a healthy note, however, tariffs against Canada, Mexico, and China can potentially throw the economy off course.
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Economics
Economics Watch | FOMC’s 2025 Forecast: Inflation Worries, Rate Adjustments, and Market Implications
by Henry WillmoreAt its meeting in mid-December, the Federal Open Market Committee (FOMC), the Federal Reserve’s policy-making committee, made some notable changes to its economic forecast for 2025 and adjusted its guidance for the path of interest rates.
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The inflation-linked bond market has been pricing in an increasing likelihood of higher inflation during the past few months.
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Economics
Economics Watch: Is the State of the Current Economy Too Good to Be True?
by Henry WillmoreThe economy is heading into the final two months of 2024 in very good shape. This has manifested in solid GDP growth, low unemployment, and moderate inflation. However, the current situation is not without risk.
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Economics
Economics Watch: FOMC Throws Out Cautious Playbook in Its Economic Outlook
by Henry WillmoreThe Federal Open Market Committee (FOMC) cut rates by 50 basis points in September and signaled that it was expecting to cut the fed funds rate an additional 50 basis points in the fourth quarter and 100 basis points in both 2025 and 2026.
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Fiscal policy will also likely see significant adjustments in the coming year, the nature of which will depend upon the outcome of the election.
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Another round of better-than-expected inflation data over the course of July has pushed the Federal Reserve to signal that it will cut the Fed funds rate at its next policy-making meeting on September 18.

