Search - 2023

 
 
FIA president Mohammed Ben Sulayem in Bahrain on Friday
MORE SPORTS / Auto Racing
Mar 5, 2024

FIA chief faces allegation of interference at 2023 Saudi Grand Prix

The case revolves around the overturning of a penalty given to Aston Martin's Fernando Alonso.
The pickup in consumer prices largely reflected the fading impact of government subsidies rolled out last year to keep a lid on utility costs.
BUSINESS / Economy
Mar 5, 2024

Tokyo prices heat up again, supporting case for BOJ rate hike

Consumer prices excluding fresh food rose 2.5% in the capital, re-accelerating after cooling in January to a revised 1.8%.
Broad indications are growing that Chinese President Xi Jinping is shifting away from four decades of market-oriented reforms and financial innovation. The most powerful Chinese leader since Mao Zedong has emphasized the Communist Party’s "centralized and unified leadership” of the sector, and pledged to build "a modern financial system with Chinese characteristics” that’s completely different from the West.
BUSINESS / Companies
Mar 5, 2024

China's bankers exit industry amid crackdown on ‘hedonistic’ lifestyles

Finance workers in China are rethinking their career as Chinese President Xi Jinping signals a shift away from market-oriented reform and innovation.
The logo of semiconductor company Advanced Micro Devices is seen on a graphics processing unit chip in this illustration
BUSINESS / Tech
Mar 5, 2024

AMD hits U.S. roadblock in selling AI chip tailored for China

AMD had hoped to gain a green light from the Commerce Department to sell the AI processor to Chinese customers.
The EU hit Apple with a €1.8 billion fine ($1.9 billion) on Monday for violating the bloc's laws by preventing music streaming services from informing users about subscription options outside of its App Store.
BUSINESS / Companies
Mar 5, 2024

EU fines Apple €1.8 billion over curbs on music streaming services

The European Union found Apple had violated law by preventing music streaming services from telling users about subscription options outside its App Store.
 Alli, which will be available from April 8, is expected to reduce fat stored around internal organs and prevent obesity-related diseases.
JAPAN / Science & Health
Mar 5, 2024

Japan’s first over-the-counter anti-obesity drug to hit stores in April

The drug is expected to reduce fat stored around internal organs and prevent obesity-related diseases.
Former world No. 1 Simona Halep arrives at the Court of Arbitration for Sport in Lausanne, Switzerland, in February.
TENNIS
Mar 6, 2024

Simona Halep free to return after four-year doping ban reduced by CAS

The two-time Grand Slam singles champion had appealed to CAS in February, arguing that her positive test was the result of a "contaminated product."
The pandemic forced Rene Redzepi and Noma to adjust their 2023 pop-up from autumn to spring. Later this year, the restaurant will be returning to Kyoto to execute its preferred fall menu.
LIFE / Food & Drink
Mar 6, 2024

Rene Redzepi is bringing Noma back to Kyoto this fall

One of the world's best chefs just can't seem to stay away from Japan's ancient capital.
Bitcoin showed its boom-or-bust character Tuesday with volatile price swings.
BUSINESS / Markets
Mar 6, 2024

Record surge marks new revival for Bitcoin

The cryptocurrency has experienced a breathtaking rebound this year amid strong demand from new U.S. exchange-traded funds.
An Upper House budget committee session for questions and answers on the fiscal 2024 draft budget held Wednesday
BUSINESS / Economy
Mar 6, 2024

Japan's huge draft budget raises questions over fiscal accountability

The government allocates reserves and determines their use at Cabinet meetings, requiring only retroactive approval by parliament.
Kenichi Hosoya was taken to the Asakusa police station in Tokyo's Taito Ward on Wednesday.
JAPAN / Crime & Legal
Mar 6, 2024

Tokyo police rearrest couple accused of filicide over killing sister

Police suspect a dispute over the family business was the motive for the murder.
Since September 2022, Patagonia has allocated profits amounting to $71 million to environmental initiatives that include stopping a proposed mine in Alaska and conserving land in South America, as well as helping to elect pro-environment U.S. Democrats.
COMMENTARY / World
Mar 6, 2024

The competitive edge of doing good in business

Are companies that give all profits to charity also doing good for their business? Some examples show they are, and that this model is worth pursuing.
Ducati's Francesco Bagnaia rides during preseason testing at Lusail International Circuit near Doha on Feb. 20.
MORE SPORTS / Auto Racing
Mar 6, 2024

'Elegant' Bagnaia on quest for third title as MotoGP turns 75

Unlike Formula One, there are multiple contenders for the title as MotoGP opens its season in Qatar.
Managing Director of Cornerstone Recruitment Japan Director Matt Nicholls says a good recruiter has tenacity, drive and can handle the ups and downs of the job.
COMMUNITY / Our Lives / 20 QUESTIONS
Mar 9, 2024

Matt Nicholls: ‘People like having control over their earning potential’

A seasoned recruiter tells us why he's spent the last decade doing business in Japan and what he's learned from growing and leading multinational firms.
A DITA howitzer-gun vehicle at an arms factory in Sternberk, Czech Republic
WORLD / Politics
Mar 7, 2024

As Russia advances, Europe extends reach to source ammunition for Ukraine

Supplies of ammunition to Ukraine have been interrupted by politics, with U.S. Congress holding up a $60 billion military aid package.
Takazumi Kominato's compan, Neo Reverse, ran a rental service called Toke Match, through which luxury watches are borrowed from owners and renting out to others for a fixed fee based on their value.
JAPAN / Crime & Legal
Mar 7, 2024

Tokyo police seek former boss of luxury watch rental firm over alleged embezzlement

The suspect, who is believed to have fled Japan, allegedly sold borrowed timepieces without permission from their owners.
Beyond factors such as the "motherhood penalty," Japanese women struggle to advance in their careers due to the structure of the workforce, including the two-tiered clerical versus managerial track.
COMMENTARY / Japan
Mar 6, 2024

Why is it taking so long to break the glass ceiling?

Japan isn't unique in having a thick glass ceiling, but some factors don't apply to other countries, like the U.S., where many more managers are women.
American rapper and noted anime fan Megan Thee Stallion presented the award for anime of the year to director Shota Goshozono for “Jujutsu Kaisen: Hidden Inventory/Premature Death” at the Anime Awards on March 2
CULTURE / Film
Mar 8, 2024

Crunchyroll's Anime Awards build on star power

The streamer's event upped the glamor with celebrity attendees such as Megan Thee Stallion and Rashmika Mandanna, and "Jujutsu Kaisen" won 11 prizes.
Chef Harutomo Hagi's self-named restaurant in Iwaki was selected as the 2023 Japan Times Destination Restaurant of the Year.
LIFE / Food & Drink / Destination Restaurants
Mar 10, 2024

Hagi: French restaurant leads Fukushima revival

The Japan Times’ 2023 Restaurant of the Year is a sterling example of Fukushima’s slow and steady post-disaster revival.
Kathy Matsui in 2019
BUSINESS
Mar 8, 2024

Ex-Goldman executive Kathy Matsui says womenomics needs work

Matsui said the effort to increase women in leadership positions is "a matter of trial and error to find the best fit” for companies.
Trevor Bauer has not pitched in MLB since the 2021 season.
BASEBALL / MLB
Mar 8, 2024

Trevor Bauer to return to Dodgers' facilities on quest for MLB comeback

Bauer's quest to return to the major leagues will take him through the Los Angeles Dodgers' facility in Glendale, Arizona.
Yokozuna Terunofuji will be aiming for his 10th Emperor’s Cup at the Spring Basho in Osaka.
SUMO
Mar 8, 2024

Terunofuji remains in driver's seat as new title hopefuls gather strength

The ascension of three new ozeki since July appears to have brought a measure of stability to sumo.
Both China and Russia may believe there will never be a more opportune moment to overthrow American dominance than now. And should the two combine their forces, they could represent the most serious challenge to the global economic and strategic order since 1945.
COMMENTARY / World
Mar 8, 2024

The threat to American hegemony is real

Russia and China might be tempted to threaten America's hegemony with a simultaneous and coordinated challenge.
A man looks at electronic boards displaying stock prices of companies listed on the Tokyo Stock Exchange in Tokyo on Monday. The benchmark 225-issue Nikkei average has surged at an unexpected pace of about 20% this year
BUSINESS / Economy / FOCUS
Mar 8, 2024

A stock rally but sluggish growth: What’s the deal with Japan’s economy?

The Nikkei is benefiting from companies' strong earnings, but wider economic indicators are much less positive.
Sony's move to cut costs and Microsoft's decision to release titles on rival platforms reflect uncertainty in the gaming industry.
COMMENTARY / Japan
Mar 8, 2024

Looks like we're nearing peak PlayStation

The gaming industry as a whole is struggling with ballooning development costs and longer production cycles, leading to fewer and risk-averse titles.
A worker at Nakamatsu Meat speaks to an Alexa-powered device at its factory in Uruma, Okinawa Prefecture, in November. At the factory, workers give production updates to Alexa, which then converts this into data that is compiled in the company's computer.
BUSINESS / Companies / Regional Voices: Okinawa
Mar 11, 2024

Okinawa meat shop uses tech to improve efficiency and raise wages

Nakamatsu Meat's digitalization enabled it to cut its factory operating time and optimize raw material purchases.
Goldman Sachs is exiting transaction banking in Japan, less than a year after announcing plans to enter the business
BUSINESS / Companies
Mar 8, 2024

Goldman Sachs exits Japan transaction banking in sudden reversal

The bank will remain focused on growing its transaction banking operations in the U.S., U.K. and European Union, according to a spokesperson for the firm.
Nissan expects kei EV sales to expand, as kei cars are relatively inexpensive compared to regular cars and their size makes them suitable for short-distance trips.
BUSINESS / Companies
Mar 8, 2024

Nissan may bring ultra-compact EV production in-house from 2028, sources say

The automaker is considering moving production to its factory in Kyushu in the business year starting April 2028.
Displaced Palestinians wait to receive United Nations Relief and Works Agency (UNRWA) aid, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Rafah, in the southern Gaza Strip, on Thursday.
WORLD / Politics
Mar 9, 2024

UNRWA report says Israel coerced some agency employees to falsely admit Hamas links

The assertions are contained in a report by the U.N. Relief and Works Agency dated February 2024.
Fukushima Gov. Masao Uchibori speaks during an interview on Tuesday.
JAPAN / Science & Health
Mar 9, 2024

Fukushima governor urges state to clarify soil policy

Fukushima will host interim storage facilities for the soil on the premise that the soil is stored at final disposal sites outside the prefecture.

Longform

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