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November 23, 2024
 

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Japan Times
COMMENTARY / World
Mar 29, 2023

Manchester United looks immune to the banking crisis

The bidding war for Manchester United, a sporting institution, bears little connection to financial reality.
Japan Times
BUSINESS / Companies
Mar 23, 2023

Toshiba board accepts JIP buyout proposal, report says

The JIP consortium last month submitted a binding buyout proposal backed by $10.6 billion in loan commitments from major banks.
Japan Times
BUSINESS
Feb 24, 2023

Orix weighs cutting contribution to JIP’s Toshiba offer, sources say

Orix is seeking to acquire ¥200 billion ($1.5 billion) of common and preferred Toshiba stock, down from the original ¥300 billion, the sources said.
Japan Times
JAPAN
Feb 9, 2023

Dentsu and other firms may face criminal charges over alleged Olympics bid-rigging

The Tokyo District Public Prosecutor's Office and the Fair Trade Commission are considering action against six firms suspected of predetermining who would plan test events and manage venues.
Japan Times
BUSINESS / Companies
Feb 7, 2023

Toshiba’s bidder set to win commitments for $10.6 billion loan

Securing financing support from banks is a crucial step in the JIP-led consortium’s proposed takeover of one of Japan’s most iconic companies.
Japan Times
BUSINESS / Economy / Regional Voices: Hiroshima
Jul 17, 2023

Micron’s huge Hiroshima investment amid job cuts leaves unanswered questions

Micron plans to reduce its global workforce by 10% this year. In May, several hundred people are believed to have left the Hiroshima plant, which had about 3,700 workers as of last November.
Japan Times
ASIA PACIFIC
Jan 24, 2023

As Australian colleges crack down on ChatGPT, disabled students defend AI

The program is already banned in some public schools, while some universities have announced less take-home assessments and more hand-written essays and oral exams.
Yevgeny Prigozhin
WORLD
Jul 29, 2023

Wagner chief’s exile is anything but as he visits St. Petersburg

As Vladimir Putin was welcoming African heads of state to a summit in St. Petersburg, renegade warlord Yevgeny Prigozhin stole the limelight in the president’s home city.
A woman in Vatican City on July 19 during a heat wave. Projecting temperatures is inherently imprecise because modern humans have never experienced such extremes.
ENVIRONMENT / Climate change
Jul 29, 2023

An overheating planet requires extreme climate solutions

Projections say warming will only get worse, but humans exert control over planet-warming pollution and can change these models’ trajectories.
Hitachi CEO Keiji Kojima. The company’s metamorphosis belies the argument that the bastions of Japan Inc. are set forever in their ways.
BUSINESS / Companies
Aug 4, 2023

Hitachi reinvents itself in sign of hope for Japan

The old-school conglomerate revamped its governance, shrank its empire to focus on growth and evolved into a more global enterprise.
A maritime drone shows the silhouette of a Russian naval ship near the port of Novorossiysk in this screenshot obtained from social media video released on Friday.
WORLD
Aug 5, 2023

Ukraine drone attack damages Russian tanker in Kerch Strait

The latest attack came a day after Ukraine said it had carried out a seaborne-drone strike on a Russian navy ship at a naval base in southern Russia.
Ukrainian servicemen walk near buildings damaged by a Russian military strike in the city of Vuhledar in the Donetsk region, Ukraine, on Friday.
WORLD
Aug 7, 2023

Ukraine’s Black Sea drone attacks signal expansion in conflict

For the first time, the attacks put at risk Russia’s commodity exports via the Black Sea, threatening global supplies of grain and oil.
Kyushu Kumamoto Plant, which received a platinum certification. | SUNTORY
ESG CONSORTIUM
Aug 8, 2023

Suntory replenishes a century of water stewardship

Born and raised in Naples, Oliviero Morelli joined MSC Cruises in 2004, and 11 years later became president of MSC Cruises Japan.
Cirebon-1, an 11-year-old coal power station in West Java, Indonesia, is set to close early, sparing the planet millions of tons of carbon dioxide.
BUSINESS / Economy
Aug 16, 2023

Indonesian facility shows cutting coal is a hard sell for banks

The early closure of the Cirebon-1 coal plant could be a decarbonization model for Asia, but big banks have been shy about fueling the transition.
Tottori Gov. Shinji Hirai (left) with Shinsuke Nakajima, executive chef at the Hotel New Otani Tokyo
ESG CONSORTIUM
Aug 18, 2023

Tottori, home of premium wagyu, offers great diversity of delicacies

Western Japan’s Tottori Prefecture, lying on the Sea of Japan and boasting the famous Mount Daisen and other peaks, has been a major beef-producing area since the Edo Period. Japan’s least populous prefecture is blessed with rich nature and clean air, abundant groundwater and high-quality straw —...
Robust demand from visitors for lodgings and rising prices in Japan create an ideal scenario to fuel a boom for investment in hotels.
BUSINESS
Aug 23, 2023

Goldman, KKR and Blackstone join investor rush for Japan hotels

Compared with before the pandemic, visitors to Japan are spending more, with most of that money going on lodgings and hospitality.
Takeshi Kimura, special adviser to the board for Nippon Life Insurance Co.
ESG CONSORTIUM
Aug 28, 2023

PRI’s global ESG investing talks in Tokyo to tackle ‘sense of crisis’

The leading global conference on responsible investment will be held in Tokyo for the first time this fall, focusing on what investors can do to make society sustainable at a time when many industries are struggling to meet their targets for combating climate change.
A concept model of the Global Combat Air Programme's fighter jet is displayed at the DSEI Japan defense show at Makuhari Messe in Chiba in March.
COMMENTARY / Japan / Geoeconomic Briefing
Aug 31, 2023

What the trilateral fighter jet program means for Japan

The program, also involving the U.K. and Italy, is the first such project with countries other than the U.S.
A growing array of media companies say they are blocking OpenAI's webpage-scanning tool.
BUSINESS / Tech
Aug 31, 2023

Fearing digital 'pillaging,' news outlets block OpenAI web bot

The New York Times, CNN, Australian broadcaster ABC and news agencies Reuters and Bloomberg have taken steps to thwart the GPTBot web crawler.
Manchester City's Erling Haaland (right) scored three goals during his team's over Fulham in Manchester, England, on Saturday.
SOCCER
Sep 3, 2023

Erling Haaland scores hat trick to power Manchester City

Manchester City's Erling Haaland has scored six goals in five games to start the Premier League season.
Panelists led by Kenya's President William Ruto (center) conduct a session during the Africa Climate Summit 2023 in Nairobi on Tuesday.
WORLD / Politics
Sep 6, 2023

'Unfair' global finance system in focus at Africa climate talks

The Nairobi summit hopes to boost investment in renewables, with the UAE pledging $4.5 billion to accelerate Africa's clean energy transition.
"Football Leaks" whistleblower Rui Pinto had been extradited to Portugal following his January 2019 arrest by Hungarian police in Budapest.
SOCCER
Sep 12, 2023

Portuguese court convicts 'Football Leaks' hacker

The biggest information leak in sports history sparked criminal investigations in Belgium, Britain, France, Spain and Switzerland.
Kioxia's Kitakami plant in Kitakami, Iwate Prefecture. Western Digital and Kioxia initially aimed to reach a decision on a merger in August, but discussions have dragged on as the companies tried to iron out details.
BUSINESS / Companies
Sep 20, 2023

Banks prepare ¥2 trillion funds for Kioxia-Western Digital merger

The moves towards a refinancing commitment would mark a step forward in the merger, which has faced months of delays.
Toshiba said the Japan Industrial Partners-led consortium had gained 78.65% of Toshiba’s outstanding shares through the bid, which began Aug. 8, paying ¥4,620 per share.
BUSINESS / Companies
Sep 21, 2023

Toshiba to go private after success of ¥2 trillion takeover bid

The Japan Industrial Partners-led consortium has gained 78.65% of outstanding shares, paying ¥4,620 per share.
British consumers have seen the price of a classic English breakfast — with ingredients like bacon, sausages, orange juice, baked beans and mushrooms — increase by almost 12%.
BUSINESS / Economy
Sep 21, 2023

Brits see cost of English breakfast soar amid food inflation

The total cost of a basket of goods needed to make the fry-up rose by 57 pence, almost 12%, to £36.15 in August.
Azerbaijan President Ilham Aliyev prior to a meeting in Brussels on May 14
WORLD / Politics
Oct 1, 2023

In taking Karabakh, Azerbaijan's president avenged his father

A confluence of factors had convinced Ilham Aliyev, 61, that the time was right to do something his father couldn't.
Kioxia Holdings has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital and strengthen the combined company’s financial base, according to people familiar with the matter.
BUSINESS
Oct 20, 2023

Kioxia has approached JIC to back Western Digital deal: sources

Kioxia’s lenders are working toward submitting a commitment letter as soon as possible to help facilitate the agreement.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023

Western Digital and Kioxia call off merger talks, source says

South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
An assembly engineer works on a lithography system at chipmaker ASML in Veldhoven, Netherlands, on June 16.
COMMENTARY / Japan / Geoeconomic Briefing
Nov 2, 2023

How can the EU strengthen its strategic autonomy regarding chips?

The bloc has felt a sense of crisis over the fact that its growth strategy has been largely dependent on third countries.
Smoke rises from destroyed buildings in the Gaza Strip following Israeli airstrikes on Monday.
WORLD / Politics
Nov 2, 2023

U.S. and Israel weigh peacekeepers for Gaza after Hamas

The conversations have been impelled by a sense of urgency to come up with a plan for the future of Gaza now that a ground invasion has begun.
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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