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The plaintiff in the case against Mizuho Bank had sought about ¥33 million in damages, including wages he should have received.
JAPAN / Crime & Legal
Apr 24, 2024

Mizuho ordered to pay ¥3.3 million to ex-employee over labor dispute

The bank had — citing problematic behavior — told him to stay home at reduced pay without any work for five years.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
COMMUNITY / Voices / FOREIGN AGENDA
Apr 28, 2024

Raising kids in Japan as a single parent? It takes a village.

As with for any single parent, life can present challenges. For those times, you'll need to learn resilience, perseverance and attention to detail.
A truck rolls off a cargo vessel docked at Esbjerg Port in Ebjerg, Denmark. European Union food imports to the U.K. are about to get more expensive and complicated as the British government implements the Brexit deal.
BUSINESS / Companies
Apr 27, 2024

Britons finally taste full Brexit as costly border checks begin

From April 30, the U.K. will impose checks on European Union food imports — a stark reversal from the pre-Brexit era of frictionless trade.
A key aspect of AI technology that is often forgotten is that it requires an enormous amount of energy to develop and run. And that’s where utilities come in.
BUSINESS / Tech / FOCUS
Apr 28, 2024

AI boom’s secret winners? The companies expected to power it

Across the U.S., utilities are preparing for historic increases in electricity demand led by data centers and AI.
Sumitomo headquarters in Tokyo on Tuesday
BUSINESS
May 2, 2024

Sumitomo to bolster shareholder returns in new midterm plan

Sumitomo will allocate ¥700 billion ($4.5 billion) of returns over the next three years, with a goal of total shareholder return ratio of 40%.
An attendee holds a cardboard cutout of Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, inside the CHI Health Center during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, on Saturday.
BUSINESS
May 5, 2024

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

The legendary investor paid tribute to his late business partner and said he expected the conglomerate’s $189 billion cash pile to keep growing.
A Rapidus factory under construction in Chitose, Hokkaido on April 26. The Tokyo-based chipmaker was set up with the aim to realize domestic production of state-of-the-art semiconductors.
BUSINESS / Companies / FOCUS
May 6, 2024

Rapidus gearing up for mass production of next-generation chips

About three years before the planned start of mass production, Rapidus faces a host of difficult challenges, especially over technology and profitability.
Workers head to Daihatsu Motor's plant at its headquarters in Ikeda, Osaka Prefecture, on Tuesday.
BUSINESS
May 7, 2024

Daihatsu resumes production at all plants

All of Daihatsu's four finished vehicle assembly plants in Japan are back online for the first time in about four months.
A Chinese flag is flown near a Huawei store in Shanghai in 2023.
WORLD / Politics
May 8, 2024

U.S. revokes some export licenses for firms supplying China's Huawei

Huawei was placed on a U.S. trade restriction list in 2019 amid fears it could spy on Americans.
Having succeeded her father, Akira Mori, Miwako Date has been CEO of real estate development firm Mori Trust since 2016.
BUSINESS / WOMEN AT WORK
May 19, 2024

Leading a major property developer with an eye on art and culture

Third-generation CEO Miwako Date is making her mark with Mori Trust's regional luxury hotels.
SoftBank Group CEO Masayoshi Son in 2019. Son is said to be selling off assets from the Vision Fund’s portfolio as he prepares for possible forays into AI and related hardware.
BUSINESS / Companies
May 10, 2024

SoftBank's Vision Fund lightens asset load as Son pivots to AI and chips

Son has moved on to new obsessions, inspired in part by the success of Arm — which has soared in value to around $106 billion since its market debut.
A customer uses a mobile phone at a contactless payment terminal in a pub in London. As with so many other industries, technology has been a primary driver of the change.
WORLD / Society
May 10, 2024

American-style tipping is testing British pub culture

Restaurants, cafes, pubs and bars, account for more than 90% of tipping across the country.
LY said in November that there had been unauthorized access of its systems by a third party via Naver's cloud system, causing the leak of the personal data records of more than 300,000 Line users and others.
BUSINESS / Companies
May 10, 2024

Naver exploring options including stake sale in Line operator

Naver apologized for a recent security breach that led the Japanese government to issue administrative guidance.
A former employee of Bandai Namco Entertainment was arrested on Tuesday for allegedly embezzling ¥54 million by selling company-owned mobile phones and other items meant for game development.
JAPAN / Crime & Legal
May 15, 2024

Ex-employee of Bandai Namco unit arrested over ¥54 million embezzlement

The man, 59, allegedly sold about 500 company-owned smartphones and other items without permission to a Tokyo-based secondhand store.
Self-Defense Forces soldiers walk past a Patriot Advanced Capability-3 (PAC-3) missile unit at the Defense Ministry in Tokyo in October 2017.
JAPAN / ANALYSIS
May 26, 2024

Evolving drone and missile threats prompting Tokyo to rethink air defense

The low cost of mass-producing tools for modern warfare is pushing the Defense Ministry to find ways to upgrade detection, tracking and interception capabilities.
Wanxiang America’s Neapco manufacturing plant in Belleville, Michigan
BUSINESS / Companies
May 29, 2024

Once embraced, Chinese companies now shunned in U.S. on security fears

It doesn’t matter if it’s mining or health care, even Chinese furniture could one day be seen as a national security issue, a lawyer who represents Chinese clients said.
Nvidia's shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split.
BUSINESS / Companies
May 29, 2024

AI darling Nvidia's market value surges closer to Apple

Nvidia's shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split.
Toyota's global sales, including those of subsidiaries Daihatsu and Hino, fell 4.5% last month from a year earlier to 835,788 vehicles.
BUSINESS
May 30, 2024

Toyota sales and output fall on Prius recall and dip in China

Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, fell 4.5% last month from a year earlier.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024

Kishida government's much-touted tax cut to start in June

The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
Bidet toilets are the norm in Japan, where more than 80% of homes have one. But their numbers are growing worldwide.
BUSINESS / Companies
Jun 2, 2024

Feeling flush: Japan's high-tech toilets go global

Sales are surging abroad and especially in the United States, led by A-list bidet fans such as Drake, the Kardashians and Alexandria Ocasio-Cortez.
Toyota Motor Chairman Akio Toyoda apologizes during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 3, 2024

Japan's auto-testing scandal deepens, resulting in some shipment halts

Toyota and four other Japanese automakers have admitted to falsifying testing data and performing tests under inappropriate conditions, among other infractions.
The U.S. Federal Trade Commission, which polices deceptive advertising practices, saw a jump in complaints over the past year about ads that either used AI or claimed to use it to lure people into scams.
COMMENTARY / World
Jun 4, 2024

AI scam complaints are just the tip of the iceberg

The U.S. FTC, which polices deceptive advertising practices, saw a jump in complaints over the past year about ads using AI to lure people into scams.
The United Launch Alliance Atlas V rocket with Boeing's CST-100 Starliner spacecraft launched from the Cape Canaveral Space Force Station in Florida on Wednesday.
WORLD / Science & Health
Jun 6, 2024

Boeing carries NASA astronauts to orbit in ‘milestone’ Starliner flight

The long-awaited flight of the vehicle is the latest step in NASA’s efforts to rely more heavily on the private sector for its human spaceflight program.
Toyota has temporarily stopped manufacturing its Corolla Fielder and Corolla Axio models following the data falsification scandal.
BUSINESS / Companies
Jun 6, 2024

Japan looks to minimize economic fallout of auto-test falsifications

The top government spokesman has described fraudulent activity uncovered this time as "minimal" compared to that of Daihatsu, which spanned decades.
Apple CEO Tim Cook speaks during Apple's annual Worldwide Developers Conference in Cupertino, California, on Monday.
BUSINESS / Companies
Jun 11, 2024

Apple's AI push could reinvigorate iPhone sales as customers look to upgrade

Facing choppy consumer spending and resurgent tech rivals, Apple has looked to AI as a way to invigorate its loyal fan base.
Between November and May, five major incidents involving Japan Airlines aircraft were reported, prompting the transport ministry to issue the airline a stern warning and conduct an on-site inspection at its facilities late last month.
BUSINESS / Companies
Jun 11, 2024

JAL vows to raise crew safety awareness following emergency probe

The airline promised to implement measures to prevent a recurrence of recent months' safety lapses in order to regain the trust of passengers.
Debt rating firms have raised SoftBank Group’s grade as the Tokyo-based company’s earnings from investments begin to stabilize.
BUSINESS / Companies
Jun 13, 2024

SoftBank’s bond underwriting fee drops for first time in decade

The firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion of seven-year notes for individual investors, according to a company filing.
Seiji Izumisawa, president of Mitsubishi Heavy Industries, says the firm is almost finished designing its next-generation nuclear reactor.
BUSINESS / Companies
Jun 24, 2024

Mitsubishi Heavy moving closer to building new reactor in Japan

The firm can start building the facility once a site for it is established and some late-stage tests are completed.
Sharp holds an annual general shareholders meeting at its headquarters in Sakai, Osaka Prefecture, on Thursday.
BUSINESS / Companies
Jun 27, 2024

Sharp vows to achieve profitability at annual meeting

Sharp will "engage in selection and concentration, and invest in unique products," the executive vice president said at a shareholder meeting in Sakai, Osaka Prefecture.
Cameras and lenses are displayed at Fujifilm Holdings headquarters in Tokyo on June 7.
BUSINESS / Companies
Jun 28, 2024

Fujifilm once struggled to sell cameras. Now, it can't keep up with demand.

Fujifilm is struggling to meet demand for the X100 camera, prized by young 20-something social media users for its looks and high-end functions.

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Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat