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Apple started working on a car around 2014, setting its sights on a fully autonomous electric vehicle with a limousine-like interior and voice-guided navigation.
BUSINESS / Tech
Feb 28, 2024

Apple to wind down electric car effort after decadelong odyssey

Many employees on the team will be reassigned to focus on generative artificial intelligence projects, an increasingly key priority for the company.
An employee at the Apita Kisarazu shopping mall in Kisarazu, Chiba Prefecture. Pan Pacific International Holdings, the parent company of the firm that operates Apita, abolished its rules on hair color in 2022 following requests by its employees.
BUSINESS / Companies
Feb 28, 2024

Japan's retailers and restaurants ease dress codes amid labor shortage

More and more companies have abolished in-house rules prohibiting colored hair and piercings to help with hiring and retain staff.
An employee organizes baby supplies at a store in Siheung, South Korea, on Tuesday. A lack of babies is speeding up the aging of South Korean society, generating concerns about the growing fiscal burden of public pensions and healthcare.
ASIA PACIFIC / Society
Feb 28, 2024

South Korea keeps shattering its own record for lowest fertility rate

The number of babies expected per woman in a lifetime fell to 0.72 last year from 0.78 in 2022.
There is a global trend toward economic bifurcation with the U.S. and China leading the charge — and multinational solutions are needed to address the new challenges.
COMMENTARY
Feb 28, 2024

The inexorable movement toward a divided global economy

Efforts to protect national economies from threats require multinational solutions. Chains are only as strong as their weakest link.
Even if a solution for peace is found to end the conflict between Hamas and Israel, any transitional authority will need to reckon with the militant group's large footprint in Gaza.
COMMENTARY / World
Feb 28, 2024

A total 'de-Hamasification' of Gaza may be a bad idea

A peace plan needs to reckon with many difficult questions: Who will rebuild Gaza; who will pay for reconstruction and who will adjudicate any war crimes.
Starbucks workers hold a rally in New York City in 2022.
BUSINESS / Companies
Feb 29, 2024

Starbucks' pivot on union may shape labor relations beyond its stores

The iconic coffee chain has been locked in a bitter, high-profile and multifront battle with the union across the U.S. since its first win in 2021.
Demonstrators gather during a protest in Seoul on Sunday.
ASIA PACIFIC / Society
Feb 29, 2024

South Korea seeks first talks with doctors as deadline looms

The Health and Welfare Ministry said it has proposed having talks to address the 10-day walkout by about 9,000 trainee doctors.
Japan's unemployment rate fell to 2.4% in January from 2.5% in the previous month, with economists suggesting that the current recession is making firms hesitant to increase job postings.
BUSINESS / Economy
Mar 1, 2024

Japan’s tight labor market to keep upward pressure on wages

The unemployment rate fell to 2.4% from a revised 2.5% a month earlier, the internal affairs ministry reported Friday.
Business is booming for Japan's top airlines as the weak yen spurs the arrival of more foreign visitors, while local demand for international trips and domestic routes remains high.
BUSINESS
Mar 1, 2024

Japan’s top airlines to hire 3,700 workers in the next year

Business for the airlines is booming as the weak yen spurs the arrival of more foreign visitors.
Former U.S. President Donald Trump speaks during a campaign rally in Richmond, Virginia, on Saturday.
WORLD / Politics / FOCUS
Mar 3, 2024

How big primary wins are cloaking flaws in Trump re-election bid

The 77-year-old has been hemorrhaging moderate Republicans, who have signaled they'd prefer someone else — anyone else — in the Oval Office.
Doctors on Sunday lead thousands of protesters in a rally in Seoul demanding the government to scrap its plan to increase medical school enrollment.
ASIA PACIFIC / Crime & Legal
Mar 4, 2024

South Korea to start legal steps to punish doctors in walkout

The health ministry said on its website that some of the doctors in the collective action have been ordered back to work — a procedural first step.
Shiseido is aiming to cut about 1,500 jobs in Japan through early retirement program.
BUSINESS / Companies
Mar 4, 2024

Outliers in Japanese stocks’ bull run under pressure to downsize

A rising number of blue-chip Japanese companies are cutting staff — a move that used to be seen as a last resort.
SMBC Nikko Securities has set up an alumni organization for former employees to interact and share their experiences.
BUSINESS / Companies / FOCUS
Mar 4, 2024

As more move midcareer, Japan firms tap former hires with alumni networks

As well as seeking business opportunities, companies also recognize the value of rehiring individuals with expertise and skills gained elsewhere.
The Fair Trade Commission will demand Nissan take measures to prevent a recurrence of unfair reductions in payments to subcontracting auto parts makers.
BUSINESS / Companies
Mar 4, 2024

Japan FTC to warn Nissan over payments to parts suppliers

The reductions are estimated to total about ¥3 billion for more than 30 suppliers over the past several years.
Nippon Steel Executive Vice President Takahiro Mori, who is set to meet the United Steelworkers (USW) union chief this month, says the Japanese steel producer plans to uphold all of the current agreements between the union and U.S. Steel.
BUSINESS / Companies
Mar 5, 2024

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal

Winning the union's backing is a priority for the Japanese steel producer because then the acquisition will be "no longer a political issue."
Japan's service sector activity expanded in February, thanks to continued strong demand for inbound tourism.
BUSINESS / Economy
Mar 5, 2024

Japan's service activity grows on firm tourism

Inbound tourism is an important part of Japan's economy, with annual visitor spending exceeding ¥5 trillion for the first time last year.
A woman peels sugar cane on a railway track to sell it to sugar cane juice vendors in a slum area in Kolkata.
ASIA PACIFIC / Society
Mar 7, 2024

Climate migrants in India have hysterectomies to keep working: report

The move helps women ensure that periods or pregnancy don't stop them from working.
The Bank of Japan in January. The BOJ is monitoring wage trends closely for signs of a virtuous cycle linking higher pay with demand-led price gains.
BUSINESS / Economy
Mar 7, 2024

Japan wage growth beat forecasts in January, in fastest rise since June

The data comes as annual wage negotiations between firms and unions are reaching their climax, with the first results expected next week.
Prime Minister Fumio Kishida arrives for a meeting of a parliamentary ethics committee at the Lower House of parliament in Tokyo on Feb. 29.
JAPAN / Politics / ANALYSIS
Mar 7, 2024

Kishida's three challenges: Discipline, by-elections and Motegi

How the prime minister handles these matters could impact his political future as well as that of the Liberal Democratic Party.
An event for female coders in New York in 2013. Women’s full participation is key to ensure technologies like AI help bridge the gender gap.
COMMENTARY / World
Mar 7, 2024

Now is our chance to govern AI for women’s empowerment

The pace of AI development may seem relentless, but there's still time to create safeguards to ensure that innovation doesn't perpetuate gender inequality.
The average demanded wage increase, including pay-scale hikes and regular raises, stood at ¥17,606 as of Monday, up ¥4,268 from around the same time last year.
BUSINESS
Mar 7, 2024

Japan's average pay hike demands top 5% for first time in 30 years

It is the first time in 30 years for the average to exceed 5%, compared with past final survey results.
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.
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 march calling for gender equality in London in 2019. Women are still paid less than men for the same work, but real equality means more than just eliminating wage disparities.
COMMENTARY / World
Mar 8, 2024

A zero gender pay gap is the goal. But what happens next?

Eliminating the gender pay gap is vital, but it isn't the be-all and end-all. So much more needs to be done to achieve true equality at work and beyond.
Kazuo Ueda, governor of the Bank of Japan, speaks at a fintech summit in Tokyo on Tuesday.
BUSINESS
Mar 8, 2024

Bank of Japan leaning toward exiting negative rates in March

Many BOJ policymakers are closely watching the outcome of big firms' annual wage negotiations with unions on March 13.
Zensho Holdings, the operator of Sukiya and other restaurant chains, will raise salaries of regular employees by 12.2% on average.
BUSINESS / Economy
Mar 12, 2024

Japan firms across sectors offer pay hikes of up to 12% in spring talks

Early wage deals with unions reflect a recovery in earnings from the worst of the COVID-19 pandemic as well as a sense of crisis over labor shortages.
Shi Pong Hsu, 75, makes coffee in a Singapore coffee shop. The city-state's government projects that almost a quarter of its population will be 65 or over by 2030.
COMMENTARY / World
Mar 10, 2024

Singapore is bracing for a super-aging society

Japan and South Korea may be the poster children for low birthrates, but Singapore is confronting its own decline. Its solution? Bonuses for nurses.
India's Prime Minister Narendra Modi waves to supporters from a car after offering prayers at the Kashi Vishwanath Hindu temple in Varanasi on Saturday.
WORLD / Politics
Mar 13, 2024

Modi ramps up campaign to position India as alternative to China

Efforts to integrate the country into global supply chains come ahead of elections in which the Indian premier is seeking to extend his decade in power.
A group of Vietnamese care workers attend a send-off event before heading to Japan, in Trung Hoa, Vietnam, 2014.
JAPAN / Politics
Mar 13, 2024

Japan to adjust structure of care worker exam, easing path to success

The revisions will allow those who fail in the exam but receive passing scores for certain test sections to be exempted from retaking those sections.
Investors been pouring money into promising AI startups, eager to uncover the next big thing after ChatGPT.
BUSINESS / Companies
Mar 11, 2024

AI talent war heats up in Europe

The talent war means workers are increasingly well-placed to make demands of their prospective employers.

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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