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Suspected intervention to drag the yen off a 34-year low against the dollar is already seen as unlikely to have a lasting effect if Japan continues alone.
BUSINESS / Markets
May 13, 2024

Yen’s fragility raises specter of a new currency war in Asia

A destabilizing slump in the yen could be the trigger that forces Japan’s neighbors to take extreme action.
A sofa floats down a flooded street in Porto Alegre, in Brazil's Rio Grande do Sul state, on Sunday. New rains in waterlogged southern Brazil are expected to be at their heaviest between Sunday and Monday, authorities have warned.
WORLD
May 13, 2024

Death toll from Brazil floods reaches 143 as rain continue to pour

Another 125 people remain unaccounted for in Rio Grande do Sul state, where rising river levels are being reported.
The Tokyo District Court on Monday sentenced a former industry ministry bureaucrat to 10 years in prison for drugging six women with sleeping pills and then raping or groping them in 2022.
JAPAN / Crime & Legal
May 13, 2024

Ex-METI bureaucrat given 10-year sentence for drugging and raping women

Dai Sato gave six women in Tokyo a beverage mixed with sleeping pills so that they wouldn't be able to resist his advances.
Investing in Japanese stocks becomes harder if the yen continues to weaken, head of Japan active investments at BlackRock warns.
BUSINESS / Markets
May 13, 2024

BlackRock warns weak yen deters foreigners from Japan stocks

The Nikkei 225 has declined more than 6% amid concerns the currency is becoming a liability for domestic consumer spending and import costs.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
JAPAN
May 15, 2024

Japan visitors exceed 3 million for second straight month, tourism agency says

While the surge in arrivals is good news for the economy, it has caused some friction with locals.
Former President Donald Trump speaks to reporters alongside Todd Blanche, one of his attorneys, before the day's proceedings in his criminal trial in New York on May 9.
WORLD / Crime & Legal
May 15, 2024

Cohen on cross: 5 takeaways from Trump’s criminal trial

Prosecutors stated that Cohen would be their final witness, while the defense aims to conclude cross-examination by Thursday.
Displaced Palestinian children stand at a school as they wait to flee Rafah after Israeli forces launched a ground and air operation in the eastern part of the southern Gaza city, on Monday.
WORLD / Politics
May 15, 2024

How many of Gaza’s dead are women and children? For 10,000, it’s unclear.

The absence of personal details needed to ascertain their identities leads to their exclusion from the breakdown now being cited by the U.N.
Taiwan’s experience offers valuable lessons for China, the most important being the “financialization of innovation,” whereby technology investment is funded by risk capital from the stock market rather than by the risk-adverse banking system.
COMMENTARY / World
May 15, 2024

China should emulate Taiwan’s tech policies

A small island with few natural resources, Taiwan punches well above its weight. From 1980-2008, its annual real GDP averaged 6.8%.
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
BUSINESS / Economy
May 16, 2024

Japan’s economy contracts as consumers and firms cut spending

Gross domestic product contracted at an annualized pace of 2% in the three months through March.
Toyota President Koji Sato announces the company's earnings results in Tokyo on May 8.
BUSINESS / Companies
May 17, 2024

Japan firms brace for earnings slumps after marking record profits

Companies are concerned over the weak yen, global conflict and inflation hitting personal spending.
A demonstration condemning the killing of three Chinese teachers from the University of Karachi's Confucius Institute in April 2022. Terrorist groups in Pakistan are targeting Chinese nationals and threatening Beijing's Belt and Road initiative projects in the country.
COMMENTARY / World
May 17, 2024

Should we stay or should we go? China's dilemma in Pakistan

Beijing is pouring billions into Pakistan to complete a key Belt and Road initiative artery. But this is threatened by terrorist groups targeting Chinese nationals and interests.
Oleksandr Usyk punches Tyson Fury during their fight in Riyadh on Saturday. Usyk won to become the undisputed heavyweight champion.
MORE SPORTS / Boxing
May 19, 2024

Oleksandr Usyk beats Tyson Fury to become undisputed heavyweight champion

Usyk is the first undisputed heavyweight champion in nearly 25 years.
Timberwolves guard Anthony Edwards drives to the basket against the Nuggets during the first quarter in Game 7 of their second-round playoff series on Sunday.
BASKETBALL / NBA
May 20, 2024

Timberwolves rally past defending champion Nuggets to reach conference finals

The Timberwolves erased a 20-point deficit to stun the Nuggets.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
May 20, 2024

Japan’s 10-year bond yield hits decade high amid BOJ policy bets

The yield on 10-year government debt rose to a level last seen when the then newly appointed Bank of Japan Gov. Haruhiko Kuroda was starting his radical monetary easing.
BOJ Gov. Kazuo Ueda has talked about the potential need for a monetary policy response given foreign exchange rates’ impact on the economy. Last month, the yen touched its weakest level in 34 years, ¥160 per dollar, before rebounding.
COMMENTARY / Japan
May 20, 2024

BOJ Gov. Ueda finally toughens message on the weak yen

Though most of the factors behind the flailing currency lie outside of Japan, the central bank and Finance Ministry have some agency in determining events. They should use it.
A building in Tokyo housing the Metropolitan Police Department
JAPAN / Crime & Legal
May 22, 2024

Young girl dies after neck gets caught in car window in Tokyo

The death of the 2-year-old girl underscores ongoing concerns about the safety of children in vehicles.
Japan swung to a trade deficit of ¥462.5 billion in April due to higher crude oil prices and a weak yen.
BUSINESS / Economy
May 22, 2024

Japan trade deficit shows weak yen is weighing on economy

The trade balance in April registered a ¥462.5 billion deficit, flipping from a ¥387 billion surplus.
Former U.S. President Donald Trump sits for his trial at the Manhattan Criminal Court in New York City on Tuesday.
WORLD
May 22, 2024

How Trump's hush money trial verdict could affect the 2024 election

Jurors could deliver a verdict as soon as next week.
Ecuador has sought funding to fight the effects of climate change, including a June 2023 flood that followed heavy rains in Esmeraldas. So far, the developed world has offered the debt-strapped nation more loans than grants.
ENVIRONMENT / Climate change
May 23, 2024

Rich nations reap climate finance dividend, benefiting from rates and terms

Developed nations have pledged to send $100 billion a year to poorer countries to aid adaptation, but money from the deals is being funneled back into rich economies.
Though he enjoyed making films when he was younger, Ryan Filiatrault wound up working a slew of other jobs before returning to his passion in his 30s.
COMMUNITY / Our Lives / 20 QUESTIONS
May 24, 2024

Ryan Filiatrault: 'Failure is an obstacle not a barrier. You can always get back on track.'

The Canadian filmmaker has taken a regimented approach to following his passion — and it has worked.
Japan's core inflation slowed for a second straight month in April due to milder food inflation.
BUSINESS / Economy
May 24, 2024

Japan’s inflation cools as BOJ waits for wage gains to kick in

Consumer prices excluding those for fresh food rose 2.2% year on year in April, matching analysts’ estimates and marking a 25th month of staying above the BOJ's 2% target.
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.
Al Ain celebrates after defeating Marinos in the Asian Champions League final in Al Ain, United Arab Emirates, on Saturday.
SOCCER
May 26, 2024

Al Ain routs Marinos to capture Asian Champions League crown

Al Ain won the Asian Champions League for the second time.
British Prime Minister and Conservative Party leader Rishi Sunak meets with veterans at a community breakfast in Northallerton, North Yorkshire, England, on Saturday during a party campaign event in the build-up to the U.K. general election on July 4.
WORLD / Politics
May 26, 2024

Sunak pledges mandatory national service in U.K. election ploy

Sunak is trying to set out a bold new agenda after he unexpectedly announced a general election on July 4.
Tama River in Kawasaki, Kanagawa Prefecture, where a body of a man was discovered in a suitcase
JAPAN / Crime & Legal
May 27, 2024

Victim's ex-girlfriend and four others arrested over body found in Tama River

Prefectural police are investigating circumstances leading up to the incident.
A boy walks past a mural painted outside the house where former South African President Nelson Mandela once lived in, in Johannesburg's Alexandra township, on June 9, 2013.
WORLD / Society
May 27, 2024

Mandela's vision for South Africa fades as nation closes door to migrants

Immigration has become a hot issue in the run-up to the country's May 29 national vote, the first in which most people have no memory of decades of apartheid.
Bruno Le Maire, France's finance minister, speaks at an event in Nesle, France, in April 2023.
BUSINESS / Economy
May 27, 2024

China’s industry threatens entire global economy, France warns

Leading industrialized nations are coalescing for a tougher and more united challenge to overcapacities in China.
Mavericks guard Kyrie Irving moves with the ball while being defended by the Timberwolves' Kyle Anderson during Game 3 of the Western Conference finals in Dallas on Sunday.
BASKETBALL / NBA
May 27, 2024

Mavericks beat Timberwolves in Game 3 to move to brink of NBA Finals

"We need one more," said Mavericks star Luka Doncic.
The rate of the U.S. dollar against the yen is displayed on an electronic stock board outside a securities firm in Tokyo earlier this month.
BUSINESS / Markets
May 28, 2024

Popularity of yen 'carry trade' may dent impact of BOJ rate rises

The weakening yen and strengthening greenback are increasing the attractiveness of the strategy by boosting its total return.
Trump speaks to members of the media at Manhattan criminal court in New York on May 21.
WORLD / Politics
May 28, 2024

Trump’s historic closing arguments will be a ‘tale of two cases’

Prosecutors and defense lawyers will give dueling takes on the evidence and testimony presented over nearly five weeks.

Longform

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