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November 23, 2024
 

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The yen’s slide has pushed up import bills in Japan, keeping domestic consumer spending tepid, with analysts saying any gains in real wages may evaporate if the yen depreciates further.
BUSINESS / Economy
Apr 24, 2024

Investors loved weak yen boosting shares until it went too far

Concern is growing that the currency is becoming a liability for Japan’s economy and stocks.
Mitsuko Tottori became Japan Airlines’ first female CEO on April 1, having risen through the ranks as a flight attendant and heading the flight attendant and customer experience divisions.
BUSINESS / Companies
Apr 25, 2024

New JAL chief concerned about yen’s ‘excessive’ weakness

While a weaker currency helps spur inbound tourism, it is curbing demand for overseas travel for people in Japan, Mitsuko Tottori says.
Caleb Williams poses with NFL Commissioner Roger Goodell after being selected by the Chicago Bears with the No. 1 overall pick in the NFL draft in Detroit on Thursday.
MORE SPORTS
Apr 26, 2024

Bears take Caleb Williams with No. 1 pick to start QB rush at NFL draft

Five quarterbacks went in the first 10 picks with no defensive players selected.
Lebanon's Hezbollah leader Sayyed Hassan Nasrallah
WORLD / Politics
Apr 26, 2024

Israel prepares forces as conflict with Hezbollah intensifies

Israeli forces have been exchanging cross-border fire with Hezbollah almost daily since October as the potential for an all-out war only grows.
A woman walks past the Bank of Japan headquarters in central Tokyo on Friday.
BUSINESS
Apr 26, 2024

BOJ leaves policy unchanged despite yen’s continued weakness

Investors and market observers had been watching for whether the bank would send more hawkish signals to prop up the Japanese currency.
Currency rates at an exchange shop in Tokyo on Friday.
BUSINESS
Apr 26, 2024

Yen swoons in jittery trading in wake of BOJ standing pat

The yen’s extended slump has heightened speculation that authorities may intervene in the market.
The Anegasaki gas-fired power station in Chiba Prefecture
BUSINESS
Apr 26, 2024

Rapidly weakening yen threatens higher power bills

Pricier power illustrates the far-reaching impact of the yen’s decline.
A monitor shows the yen's sharp decline to ¥158 to the dollar on Saturday morning in Tokyo.
BUSINESS / Markets
Apr 27, 2024

Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged

Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.
The top leader of Palestinian militant group Hamas, Ismail Haniyeh, meets with the Iranian president in Tehran on March 27.
WORLD / Politics
Apr 27, 2024

Hamas says it received Israel's response to its cease-fire proposal

After more than six months of war, negotiations remain deadlocked, with Hamas sticking to its demands that any agreement must end the conflict.
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.
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
BUSINESS / Markets / FOCUS
Apr 28, 2024

When will Japan intervene to support the yen?

The yen hit a 34-year low past ¥158.40 per dollar in U.S. trading on Friday, after the BOJ announced a decision to keep its monetary policy unchanged.
Palestinian children stand amid the debris of a house destroyed by overnight Israeli bombardment in Rafah, in the southern Gaza Strip, on Saturday.
WORLD / Politics
Apr 28, 2024

Some U.S. officials say Israel may be violating international law in Gaza

A joint submission from four U.S. bureaus raised "serious concern over non-compliance" with international humanitarian law.
A man, identified as Keith Siegel, 64, speaks in a video released Saturday by Hamas that appeared to show two Israeli hostages who have been held in the Gaza Strip since the Oct. 7 attack on southern Israel, in this screenshot.
WORLD / Politics
Apr 28, 2024

Hamas releases video of two hostages as it weighs cease-fire

The Palestinian militant group’s military wing posted a video showing American Israeli citizen Keith Siegel, 64, and Israeli Omri Miran, 47.
U.S. President Joe Biden speaks during the White House Correspondents' Association dinner at the Washington Hilton, in Washington, on Saturday.
WORLD / Politics
Apr 28, 2024

Biden jabs Trump in election-year roast at correspondents' dinner

The U.S. president used the annual black-tie event to chide his Republican rival Donald Trump for immaturity and poke fun at his own advanced age.
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
BUSINESS / Markets
Apr 29, 2024

Yen rebounds strongly after first slide past ¥160 since 1990

Japan's top currency official declined to comment on Monday, when asked if authorities in Tokyo had intervened in the currency market to prop up the yen.
Palestinian children stand in a camp for displaced people in Rafah in the southern Gaza Strip by the border with Egypt on Sunday.
WORLD
Apr 29, 2024

U.S. pushes for Gaza truce and hostage release as Blinken visits

The White House said that Israel has agreed to hear out its concerns.
Chika Kon asks a question at a mock assembly session organized by the town assembly of Zao, Miyagi Prefecture, in July. Kon is now a member of the assembly.
JAPAN / Politics
Apr 29, 2024

Local councils in Japan take measures to counter candidate shortfall

Efforts are being made to encourage participation to avoid undermining essential functions such as administrative oversight.
Japan's vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview at the Finance Ministry in Tokyo in January 2022.
BUSINESS / Markets
Apr 30, 2024

Japan forex authorities ready '24 hours,' top currency diplomat Kanda says

Masato Kanda again declined to comment on whether the Finance Ministry had intervened to prop up the yen a day earlier.
Red Bull Racing driver Sergio Perez speaks during a news conference in Shanghai on April 21.
MORE SPORTS / Auto Racing
Apr 30, 2024

Red Bull should stick with Perez, says Szafnauer

Perez's contract runs out at the end of the season, and the 34-year-old faces an uncertain future.
Israeli soldiers in the Gaza Strip in March
WORLD / Politics
Apr 30, 2024

U.S. implicates five Israeli units in rights violations before Gaza war

The incidents in question took place in October outside of Gaza before conflict broke out between Israel and Hamas.
U.S. Secretary of State Antony Blinken attends a joint ministerial meeting of the GCC-U.S. Strategic Partnership in Riyadh to discuss the humanitarian crises in the Gaza, on Monday.
WORLD / Politics
Apr 30, 2024

U.S. warns ICC action on Israel would hurt cease-fire chances

The U.S. and its allies are concerned that the International Criminal Court may issue arrest warrants for Israeli officials just as the country is getting closer to a ceasefire agreement with Hamas, potentially jeopardizing a deal, people familiar with the matter said.
Staff from ANA group pose during a Tokyo event in February to commemorate the launch of a comic featuring women in airport ground handling roles.
JAPAN / FOCUS
Apr 30, 2024

Japan steps up drive to secure airport ground handling workers

The initiative seeks to ramp up interest in the workforce responsible for ensuring on-time airplane departures behind the scenes.
A staff member works at the animation studio Shake Hands in Kyoto on Jan. 24. The studio aims to provide job training and confidence to people with autism.
JAPAN / Society
May 5, 2024

Anime studio draws on talent of autistic artists

The groundbreaking initiative aims to provide job training and confidence to people with autism.
Japan's government debt has grown to the equivalent of more than 250% of the nation’s economy, more than any of its peers.
BUSINESS / Economy
Apr 30, 2024

Japan’s debt dilemma may doom any FX intervention, Brooks says

The consequences have been a sharply weaker yen, which has lost more than a quarter of its value against the U.S. dollar since March 2022.
Japan's industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines.
BUSINESS / Economy
Apr 30, 2024

Japan’s factory output records weakest quarter since pandemic

The yen’s plunge to a fresh 34-year low versus the dollar could spur a resurgence of cost-push inflation via higher costs for imports of food and energy.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
BUSINESS / Markets
Apr 30, 2024

Did Japan intervene to prop up the yen? Analysts think it did.

The size and timing of the swing indicates that the government stepped in after the currency fell significantly.
Australia PM Anthony Albanese. Albanese on Wednesday announced new legislation to ban deepfake pornography and additional funding for the country's online watchdog.
WORLD / Society
May 1, 2024

Australian PM says violence against women a 'national crisis'

28 women have been killed in Australia so far this year — an average of one death every four days.
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
BUSINESS
May 1, 2024

Weak yen fattens tourist wallets in Japan

Spending per head soared 52% over the first three months compared with 2019.
The root cause of yen weakness lies in the U.S., not Japan, with the currency falling to its weakest since around 1990.
COMMENTARY / Japan
May 1, 2024

Japan should leave its currency bazooka at home

The root cause of yen weakness lies in the U.S., not Japan. That makes the latter's options very limited.
An electric screen displaying the Nikkei share average and yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
May 1, 2024

For Japan Inc., the weak yen may be too much of a good thing

The currency's weakness has pushed up costs of raw materials, food and fuel.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

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