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November 24, 2024
 

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A monitor in Tokyo shows the 225-issue Nikkei stock average dropping more than 700 points on Wednesday.
BUSINESS
Aug 2, 2023

Japan shares post biggest one-day drop this year

Then benchmark 225-issue Nikkei average closed down 2.30% at 32,707.69 — its sharpest one-day drop since Dec. 20.
A conveyor belt sushi restaurant chain uses a light emitting ultraviolet rays to kill the coronavirus in 2020.
JAPAN / Society
Aug 2, 2023

Sushi chain drops suit against teen over prank video

“The customer has admitted his responsibility and we have reached a settlement with reasonable details that are acceptable to us,” a spokesperson said.
Storage tanks containing treated radioactive water at Tokyo Electric Power Company Holdings' Fukushima No. 1 nuclear power plant in Futaba, Fukuahima Prefecture, on July 21
BUSINESS / Companies
Aug 2, 2023

Tepco back to profit in first quarter on lower fuel cost

The firm paid ¥50.3 billion in compensation in the first quarter of the 2023 fiscal year, which began in April, it said in a statement.
U.S. Vice President Kamala Harris meets with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene at her ceremonial office in Washington on Wednesday.
WORLD
Aug 3, 2023

Mongolia and U.S. to sign 'Open Skies' deal ahead of talks

Deal would also provide easier options for cargo flights between the nations.
India's Prime Minister Narendra Modi shakes hand with Tesla chief executive Elon Musk in New York on June 20, 2023.
BUSINESS
Aug 3, 2023

In India, it's advantage Tesla as Chinese automakers face heat

Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while China has been stopped cold.
The government may sell stakes in some major firms, including NTT, to fund its growing defense spending.
BUSINESS
Aug 3, 2023

Raising the stakes: Japan may sell shares to fund defense spending

Selling government stakes in some of Japan's biggest firms won't be straightforward, given the need for consensus and changes to laws.
Pheu Thai's prime ministerial candidates Paetongtarn Shinawatra (center, right) — daughter of former Prime Minister Thaksin Shinawatra — and Srettha Thavisin (center, left), a local property tycoon, at a campaign event in Bangkok on May 12
ASIA PACIFIC
Aug 3, 2023

Thai party to unveil new coalition after Move Forward break

Conservative parties are expected to join the new coalition and their inclusion would boost support for the nomination of Srettha Thavisin.
A downgrade by Fitch Ratings is being viewed as a condemnation of partisan U.S. politics, including the recent debt ceiling standoff and the Jan. 6, 2021, insurrection at the U.S. Capitol.
BUSINESS
Aug 3, 2023

Fitch’s U.S. downgrade stokes the very fight it warned against

Washington’s hostile political factions have quickly taken up the agency's downgrade of U.S. government debt as a new weapon of political combat.
Akira Amari, Japan's chip czar, has said that funding around one-third of the cost of a chip plant is the norm, and the 50% funding for Japan's first TSMC chip plant was unusually high.
BUSINESS
Aug 3, 2023

Chip minister hints Japan to fund one-third of second TSMC plant

The subsidies will be part of Japan’s efforts to revive its domestic chipmaking industry, a sector viewed as crucial for growth and economic security.
Beijing's Ministry of State Security said China should create a system that makes it 'normal' for regular people to participate in counter-espionage.
WORLD
Aug 3, 2023

U.S. raises concerns over China's counter-espionage push

Washington worries that foreign companies in China could be punished for regular business activities.
Shinjiro Atae, a J-pop idol who came out publicly as gay during a recent fan event, with his stylist and makeup artist in the afternoon prior to his announcement, in Tokyo on July 25.
JAPAN / Society
Aug 3, 2023

In Japan, LGBTQ celebrities fuel impetus for change

Celebrities coming out as LGBTQ can have a big impact in Japan and fuel change. But such announcements are rarely made easily.
Kansai Electric Power's Oi nuclear power plant in Fukui Prefecture
BUSINESS / Economy
Aug 3, 2023

Japan's nuclear restarts this year to hasten LNG import decline

Kansai Electric Power's plan next month to relaunch the last idle reactor at its flagship nuclear plant will mark an energy shift in Japan.
Former U.S. President Donald Trump, a candidate for the Republican presidential nomination, arrives at Reagan National Airport in Washington en route to his arraignment in federal court on Thursday.
WORLD
Aug 4, 2023

Trump pleads not guilty to charges of obstructing election

After the hearing, the former U.S. president briefly addressed reporters at the Washington airport, calling it a "very sad day for America.”
The U.S. Capitol in Washington. After its downgrade of the U.S., Fitch’s AAA club now consists of Germany and Australia, along with seven others, including smaller, rich countries such as Switzerland and Luxembourg.
BUSINESS
Aug 4, 2023

Pristine AAA bond universe just got a whole lot smaller

Fitch's U.S. downgrade is the latest example of a decadelong trend in rich economies as worries about high and rising debt burdens come to the fore.
Bobby Valentine managed in Japan for seven seasons with the Marines and won the 2005 Japan Series with the club.
BASEBALL / MLB
Aug 4, 2023

Bobby Valentine enjoying more relaxed time with Angels

Former Marines manager Bobby Valentine is viewing the game from a different perspective these days.
Imma, a virtual influencer, is the face of Nomura’s new campaign for tax-free investment accounts.
BUSINESS
Aug 4, 2023

Nomura hires virtual influencer to coax Japan’s young investors

Boosting individual investments is particularly crucial as the country's baby-boomer generation passes on their assets to a younger generation.
The Bank of Japan headquarters in Tokyo. Some economists see the central bank’s loosening of restraints on 10-year bond yields as a message to the government that it now will have to do financial management responsibly, because the BOJ won’t control yields as firmly as it used to.
BUSINESS
Aug 4, 2023

Japan’s fiscal plight draws scrutiny after BOJ policy tweak

Tokyo seeking to expand spending on defense and child care, even as the national debt has grown to almost 260% of gross domestic product.
Warren Buffett's Berkshire Hathaway in June raised its stake in Japan's five major trading firms. All of them beat net-income estimates for the first quarter of the fiscal year.
BUSINESS / Companies
Aug 4, 2023

Buffett’s favored Japan trading firms post solid earnings

The five major trading firms all beat net-income estimates for the first quarter of the fiscal year in reports issued this week.
Trade minister Yasutoshi Nishimura is scheduled to leave Japan on Sunday for an eight-day tour of five African countries to step up resource diplomacy.
BUSINESS
Aug 4, 2023

Japan to strengthen resources diplomacy with Africa

Japanese companies have been falling behind foreign rivals in launching resources development projects in Africa.
Visitors to the "Henri Matisse: The Path to Color" exhibition at Tokyo Metropolitan Art Museum face tough decisions in the gift shop.
CULTURE / Art
Aug 5, 2023

Matisse gachapon, Hockney parfaits: Japan’s next-level art merch

A Tokyo art exhibit doesn’t feel complete without a room filled wall-to-wall with custom trinkets.
A young girl drinks water from a faucet in Bamako. At a site just 55 kilometers from Mali's capital city, pure hydrogen gas seeps from the ground like crude oil or methane.
COMMENTARY / World
Aug 1, 2023

Natural hydrogen could change the world, if we understood it

We know next to nothing about how natural hydrogen is produced, let alone how to extract and transport it most efficiently.
U.S. President Joe Biden delivers remarks at the White House in Washington last month.
BUSINESS
Aug 5, 2023

Biden order curbing investment to China expected in coming days

The goal of the order is to prevent U.S. capital and expertise from accelerating the development of tech that would support China's military.
Japan ranked 116 out of 146 countries in last year’s Global Gender Gap Report by the World Economic Forum, far below all of its Group of Seven peers.
BUSINESS / Companies
Aug 5, 2023

Few top-listed Japan firms have 30% female directors, report says

Only 68 companies on the Prime Market Index of the Tokyo Stock Exchange have 30% or more women represented on the board, the Nikkei daily has reported.
An installation for The North Face Moon Parka, which uses a Spiber-produced protein material
ENVIRONMENT / Sustainability / OUR PLANET
Aug 6, 2023

A Japanese startup is using biotech to ‘brew’ greener fashion

Fashion has a huge environmental impact, and Spiber thinks its products can help curb the industry's footprint.
A stock board at an intersection in Shanghai in October
BUSINESS / Markets
Aug 6, 2023

China is losing out as global funds chase returns in Japan stocks

Foreign buying of Japanese equities has exceeded that of Chinese peers for the first time since 2017, according to a Goldman Sachs Group report.
Japanese lawmaker Masatoshi Akimoto visits a high-speed rail project site in Ahmedabad, India, in May 2018.
JAPAN
Aug 6, 2023

Scandal-tainted Japanese lawmaker sought money to buy horse

Japanese lawmaker Masatoshi Akimoto is suspected of receiving ¥30 million from the president of a company between 2021 and this year.
The Advanced Liquid Processing System, used for treating accumulated contaminated water, is seen during a media tour of the wrecked Fukushima No. 1 nuclear power plant in Futaba, Fukushima Prefecture, on July 21.
JAPAN / Science & Health
Aug 7, 2023

Japan to start Fukushima water release as early as late August

The government will make a final decision on the matter following further internal deliberations and diplomatic discussions with its allies.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference, following the central bank's policy meeting, on July 28.
BUSINESS
Aug 7, 2023

BOJ debated chance of sustained inflation at July meeting

The central bank's upbeat view on the inflation outlook suggests they are now more convinced that conditions for phasing out stimulus could fall in place.
Eisuke Sakakibara, former top finance official, says Japanese authorities are unlikely to intervene in foreign exchange markets to prop up the yen.
BUSINESS
Aug 7, 2023

Japan's 'Mr. Yen' Sakakibara expects no intervention

The yen has fallen around 14% since the Fed began rapidly raising rates to combat soaring inflation in March 2022.
Former U.S. President Donald Trump at an event in Columbia, South Carolina, on Saturday
WORLD / Politics
Aug 7, 2023

Trump targets judge in 2020 election case

The former president has said he plans to seek U.S. District Judge Tanya Chutkan's recusal as well as a change of venue outside of Washington.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
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.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
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

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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