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November 25, 2024
 

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Passengers onboard a self-driving vehicle in Eiheiji, Fukui Prefecture, last year
BUSINESS / Economy
May 21, 2024

Japan targets 30% share in next-generation cars

The 30% target was included in a new strategy released by the ministries for software development for next-generation vehicles with advanced digital technologies.
U.S. White House National Security Advisor Jake Sullivan speaks during a news briefing at the White House in Washington on April 24.
WORLD / Politics
May 21, 2024

U.S. and Saudi Arabia nearing deal on defense pact, White House says

The deal offers Riyadh access to advanced U.S. weaponry, potentially including F-35 fighter jets and artificial intelligence, in return for limiting ties with Beijing.
The main targets of a new bill on smartphone software are the app stores provided by Google and Apple, as consumers effectively have only two choices for smartphone operating systems: Apple's iOS or Google’s Android.
BUSINESS / Tech
May 22, 2024

Japan aims to curb Apple and Google's smartphone app duopoly

A new bill would compel dominant platforms to allow third parties to launch their own app markets and to offer more payment options.
Rakuten is working with eBay to market Japan's used fashion and accessories in the United States, taking advantage of the weak yen.
BUSINESS / Companies
May 24, 2024

Rakuten and eBay team up to test U.S. market for used Japanese fashion goods

The tie-up aims to capitalize on the currency effect and is also a move toward bargain hunting as cost-of-living pressures around the world crimp spending.
Many condo complexes are facing challenges in securing sufficient reserve funds for extensive repair projects.
JAPAN / FOCUS
May 30, 2024

Land ministry sets standards for condo repair reserve funds

Large-scale condo repairs typically occur roughly every 15 years.
A residential development under construction in Shanghai in February. Problems in the property sector have had a negative impact across broad areas of China's economy.
BUSINESS / Economy
May 31, 2024

China's factory activity unexpectedly dips as property pain persists

The disappointing number adds to a series of recent indicators showing the $18.6 trillion economy is struggling to get back on its feet.
Prime Minister Fumio Kishida and Komeito head Natsuo Yamaguchi meet at the Prime Minister's Office in Tokyo on Friday.
JAPAN / Politics
May 31, 2024

LDP secures backing for revisions to political funding law

The agreement with Komeito and Nippon Ishin no Kai paves the way for the bill's passage in the current session of parliament.
The Two International Finance Center, left, and other buildings in Hong Kong in May 2021
BUSINESS / Markets
Jun 5, 2024

Chinese move billions into Hong Kong banks, seeking higher yields

Regulators in Beijing have clamped down on high-yielding wealth management products onshore, while sinking real-estate prices have sapped nest eggs across China.
Suntory Holdings, seeking to expand abroad, is tapping the dollar debt market.
BUSINESS / Companies
Jun 5, 2024

Whiskey maker Suntory sells $500 million bond in rare deal

Proceeds from the Jim Beam owner’s five-year note will be used for general corporate purposes.
Suzuki's eVX electric vehicle at the Japan Mobility Show in Tokyo last October
BUSINESS / Companies
Jun 7, 2024

Suzuki to stop making cars in Thailand to focus on EV shift

The 12-year-old plant in Thailand’s Rayong province, southeast of Bangkok, has an annual production capacity of 60,000 units.
Gold prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
BUSINESS
Jun 8, 2024

You can now buy gold bars from vending machines in South Korea

Prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024

Shareholder votes in focus as big Japan banks sell Toyota shares

The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
The Fair Trade Commission in Tokyo's Chiyoda Ward
BUSINESS / Companies
Jun 12, 2024

Hashimoto Sogyo inspected over nonpayment of overtime

The antimonopoly law prohibits the abuse of a shipper's dominant position over an operator.
A BYD Atto 3 electric SUV on the streets of Frankfurt, Germany, on Feb. 21, 2023
BUSINESS / Economy
Jun 13, 2024

EU hits Chinese EVs with tariffs, drawing rebuke from Beijing

The move comes less than a month after the U.S. announced plans to quadruple duties for Chinese EVs.
Tourists take pictures from a boat on the Chao Phraya river in Bangkok.
BUSINESS
Jun 13, 2024

Thailand is already seeing signs of a 'White Lotus' travel bump

The series recently wrapped filming at several resorts and locations in the nation.
Shareholder approval of the $56 billion pay package serves as both an endorsement of Elon Musk's tenure and an acknowledgment that investors do not want to risk Tesla's future.
BUSINESS / Tech
Jun 14, 2024

Tesla's Musk wins shareholder approval for $56 billion pay package

The approval does not, however, resolve a lawsuit on the pay package in a Delaware court.
Kirin's acquisition of Fancl will enable more "flexible and drastic measures” to integrate the two companies and maximize their corporate values, Kirin said in a statement.
BUSINESS / Companies
Jun 14, 2024

Kirin to buy Fancl for ¥220 billion in shift away from beer

The move comes as Japan’s alcohol companies try to rely less on their original products for revenue.
Blackstone will look to grow original content from Infocom’s network of manga artists, developing more works around themes enjoyed by its reader base of women.
BUSINESS
Jun 18, 2024

Blackstone taps steamy romance manga fans in $1.7 billion deal

The deal will allow the world’s largest alternative asset manager to tap into Japan’s digital manga market.
The Mioya Shuzo brewery was damaged by the 2024 New Year's Day earthquake — but not to the extent that it couldn't serve as a shelter of sorts for the region's many sake breweries.
LIFE / Food & Drink / Kanpai Culture
Jun 22, 2024

To Miho Fujita, ‘rules are meant to be broken in the sake world’

Miho Fujita knows the old songs sung by sake brewers by heart, but she's updated the tradition in her own way, infusing the age-old craft with a modern twist.
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector.
BUSINESS / Markets
Jun 25, 2024

China’s rich spend millions on Shanghai property, bucking crisis

It’s the only one among the country’s mega cities that still attracts people to put down money in an asset class that has otherwise been abandoned.
Sanuki Kagari Temari sold at a store in Haneda Airport
JAPAN
Jul 2, 2024

Traditional Japanese crafts catching on among tourists at Haneda Airport

Their delicate craftsmanship and colors are attracting many foreign visitors to a specialty store at an airport in Tokyo.
BYD electric vehicles before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier in Jiangsu province, China, on April 25.
BUSINESS / Markets
Jul 5, 2024

China-built EVs hit with duties in biggest EU trade case yet

The tariffs remain provisional while intensive talks continue between Chinese and EU officials as Beijing threatens wide-ranging retaliation on European products.
Honda's Super Cub moped
JAPAN / Society
Jul 5, 2024

'Genchari' mopeds in crisis ahead of new emissions rules

The growing popularity of power-assisted bicycles and electric kick scooters has led to a decline in sales.
Visitors walk past an Amazon exhibition booth during the World Artificial Intelligence Conference in Shanghai on Friday.
BUSINESS / Tech / FOCUS
Jul 6, 2024

Is AI a major drain on the world's energy supply?

The spread of data centers across the globe is throwing a spotlight on the amount of energy the technology uses as well as its impact on the environment.
Olympic rings are displayed on Charles de Gaulle Airport near Paris ahead of the city hosting the 2024 Olympic Games. One way of reducing the carbon emissions of mega sporting events is to limit the attendance of spectators traveling by air.
COMMENTARY / World
Jul 10, 2024

Only locals should be allowed to attend the Olympics

The single best way of reducing the carbon emissions of an Olympics? Limiting ticket sales to locals. Evidence from the Tokyo Games shows how far-reaching the impact is.
Fast Retailing’s expansion into the U.S. and Europe is paying off, with a strong performance in those markets helping to make up for a sharp deceleration in China.
BUSINESS
Jul 11, 2024

Fast Retailing’s push into western markets softens China slump

The company behind popular brands Uniqlo and GU raised its full-year forecast for operating income to ¥475 billion ($2.9 billion) from ¥450 billion.
Fans celebrate BTS' 11th debut anniversary during 2024 FESTA, an event for fans of the K-pop boy band a day after band member Jin was discharged from the South Korean army after 18 months of military service, in Seoul on June 13.
BUSINESS
Jul 15, 2024

TikTok sees K-culture spend doubling to $143 billion by 2030

In the U.S. and Southeast Asia, research has found that about 80% of social media users have found Korean culture through TikTok.
An AR-15 on display at the National Rifle Association convention in Houston, Texas, in May 2022
WORLD / Society
Jul 16, 2024

The AR-15: One of America's most popular and deadliest guns

The rifle has been a common denominator in some of the country's worst mass shootings.
China's 15-day visa-free policy is giving tourism a huge boost, with bookings from eligible countries surging 150% and attracting millions of visitors post-pandemic.
ASIA PACIFIC
Jul 17, 2024

China strives to lure foreign tourists, but it's a hard sell for some

The recent surge in tourism comes after China closed its borders in early 2020 to combat the COVID-19 pandemic, and kept them shut until the start of 2023.
Nidec separately announced it signed a memorandum of understanding on Monday with Tata Elxsi, an Indian technology service provider, to develop software programs for India and other markets.
BUSINESS / Tech
Jul 23, 2024

Japan's Nidec lifts annual profit outlook after first quarter

The company raised its expectations for operating profit in the financial year to the end of March 2025 to ¥240 billion ($1.53 billion).
Taiwan stuns Samurai Japan to capture Premier12 title
Japan starter Shosei Togo reacts after allowing a three-run home run against Taiwan in the fifth inning of the Premier12 final on Sunday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
Japan beats Taiwan ahead of rematch in Premier12 final
Keita Sano celebrates with his teammates after scoring on Kotaro Kiyomiya's two-run triple against Taiwan during their Premier12 game at Tokyo Dome on Saturday.
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
'Kohaku' still matters for J-pop bragging rights
Emerging Gen Z J-pop group ME:I will perform on this year's "Kohaku Uta Gassen," national broadcaster NHK’s New Year's Eve spectacle.
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
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.”

Podcast

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

Longform

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
By Greg Dvorak

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