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Japan's industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines.
BUSINESS / Economy
Apr 30, 2024

Japan’s factory output records weakest quarter since pandemic

The yen’s plunge to a fresh 34-year low versus the dollar could spur a resurgence of cost-push inflation via higher costs for imports of food and energy.
An Amazon Web Services (AWS) logo is pictured during a trade fair in Hanover, Germany, on April 22.
BUSINESS / Companies
May 1, 2024

Amazon triples quarterly profit as cloud surges

The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024

Tesla axes most of supercharger team in blow to other automakers

The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
“Customer harassment” — in which customers harass front-line workers with aggressive behavior or unreasonable requests — has become a growing problem in the service industry.
JAPAN / Society
May 2, 2024

Japan steps up measures against 'customer harassment'

A 2022 survey found that 67.5% of respondents had experienced some kind of harassment from customers in the past three years.
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
JAPAN / Politics
May 2, 2024

Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia

One of the reasons the U.S. economy is growing is because of immigrants, which countries like Japan shun, President Joe Biden said at a fundraising event.
Amazon’s Just Walk Out technology, which allowed customers to grab grocery items from a shelf and walk out of the store, is reportedly being phased out of its grocery stores.
COMMENTARY / World
May 2, 2024

Amazon's AI stores seemed too magical. And they were.

There are plenty more examples of companies that have failed to mention humans pulling the levers behind supposedly cutting-edge AI technology.
Students can learn faster by using tablets in the classroom. In Malawi, every dollar spent on this type of learning delivers over $100 worth of higher productivity in the long term.
COMMENTARY / World
May 3, 2024

The policies that deliver the most bang for a government's buck

Instead of making many grand promises, governments should prioritize smart policies that yield the highest returns, such as tablets in schools.
Shunichi Suzuki, Japan's finance minister
BUSINESS / Markets
May 4, 2024

Japan’s finance minister keeps traders guessing on yen intervention

The comments came days after Japanese authorities apparently entered the market to support the yen on two occasions this week.
A salmon farm in Giske, Norway. The country produces more than half of the world’s farmed salmon.
ENVIRONMENT / Sustainability
May 4, 2024

The world’s hunger for salmon is linked to an ecological disaster

High demand for salmon is driving another species to the verge of extinction.
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
ENVIRONMENT / Sustainability / OUR PLANET
May 5, 2024

As visitors surge, Japan seeks ways to make tourism eco-friendly

A record tourism boom has raised concerns over the enormous stress visitors put on the environment.
Automobiles charge at public electric vehicle charging stations in Paris on Feb. 14.
BUSINESS / Tech
May 6, 2024

France ramps up electric vehicle ambition as Xi arrives in Paris

The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027.
National flags of the Alliance's members flutter at the NATO headquarters in Brussels.
WORLD / Politics
May 6, 2024

Far right gains expected in EU election may test policy ideals for all

To what extent will mainstream parties, used to working together to pass laws, be willing to cooperate with the extreme right?
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
BUSINESS / Economy
May 6, 2024

Japan's labor crunch persists despite slight improvement

Companies involved in IT engineering fared the worst, with more than 7 in 10 saying they didn't have enough workers and had to resort to forgoing projects.
A Towa Bank employee's suicide in 2017 has been recognized as a work-related accident.
JAPAN / Society
May 8, 2024

Towa Bank employee suicide linked to overwork and harassment

Findings from the Labor Standards Inspection Office showed the man was under extreme stress due to unmanageable work pressures.
Russian officers march during the main military parade rehearsals in Moscow's Red Square on May 5.
BUSINESS / Economy
May 8, 2024

Russia’s war economy starves crucial oil industry of manpower

Since Russia's invasion of Ukraine, its oil and gas sector has faced increasingly strict international sanctions aimed at limiting petrodollar revenue.
Real wages fell 2.5% from a year earlier in March, marking the 24th straight month of declines, exacerbated by a 9.4% drop in bonuses.
BUSINESS / Economy
May 9, 2024

Real wages fell for 24th month in March, dented by 9.4% decline in bonuses

Data for full-time workers that avoid sampling problems and exclude bonuses and overtime pay grew by 2.3%, above 2% for the seventh month.
Workers make pods for e-cigarettes on the production line at Kanger Tech, one of China's leading manufacturers of vaping products, on Sept. 24, 2019 in Shenzhen, China.
BUSINESS / Markets
May 9, 2024

China’s factory glut alarms the world, but there’s no quick fix

European Union leaders, who are threatening tariffs on electric cars, were the latest to scold China about overcapacity, but there are no plans to change.
The United States Steel's plant in Braddock, Pennsylvania. Nippon Steel is sticking to its plan to close a deal by year-end to buy U.S. Steel.
BUSINESS / Companies
May 9, 2024

Japan's Nippon Steel sticks to plan to close U.S. Steel deal by year-end

The takeover should bring Nippon Steel's global crude steel capacity to 86 million tons per year, close to its goal of 100 million.
Photographer Toko Jinno is passionate about documenting the lives of Japan’s fishermen.
COMMUNITY / Our Lives / 20 QUESTIONS
May 11, 2024

Toko Jinno: 'Eating fish is common in Japan, but the lives of fishers are not so well-known'

Photographer goes behind-the-scenes of the fishing industry in hopes to inspire and educate people to support its workers.
Things may look perfect to the outside world, but today's mom is fine with some imperfection at home.
JAPAN / Society / Longform
May 11, 2024

How 'Reiwa moms' are reshaping motherhood in Japan

Five years into the Reiwa Era and the challenges Japan's moms face are unique, though the qualities that help them persevere haven't changed a bit.
Employees work on a production line at an automotive plant producing electric cars near Ningbo, China. The U.S. is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter.
BUSINESS
May 11, 2024

Biden set to hit China EVs and strategic sectors with tariffs

The decision, which could come as early as next week, represents one of Biden’s biggest moves in the economic race with China.
As of last Sunday, ride-hailing services, which use personal vehicles to offer paid rides, had been used a total of 12,628 times in five areas.
BUSINESS
May 11, 2024

In first month of operations, ride-hailing services used more than taxis in Tokyo

The services, which were launched in April, have been used more frequently than traditional taxis so far, a transport ministry report has shown.
A government white paper on small and medium enterprises said more than 60% of such firms plan to raise wages this year.
BUSINESS
May 12, 2024

Japan small firms raising wages amid labor shortages, government paper says

The white paper also pointed out that the labor productivity of Japan is lower than that of other members in the OECD.
Activists from Amnesty International march in support of the Uyghurs during Chinese President Xi Jinping's two-day state visit in France on May 6.
ASIA PACIFIC / Politics
May 13, 2024

China accused of targeting overseas citizens for political activism

Students said their family in China received threats after they attended events such as the commemoration of the 1989 Tiananmen Square crackdown.
Tokiko Shimizu, the Bank of Japan's first and only female director, has been replaced by Kazushige Kamiyama after finishing a four-year term.
BUSINESS
May 13, 2024

BOJ slips backward on diversity with all-male executive lineup

The BOJ slipped to 156th on an index of gender balance among central banks released this year.
Lawrence Wong will become Singapore's fourth prime minister on Wednesday. He will be tasked with steering the city-state into new territory as its economy slows down and its population ages rapidly.
COMMENTARY / World
May 13, 2024

New Singaporean PM faces some economic headwinds

Lawrence Wong will be sworn in as the city-state's fourth prime minister on Wednesday. Despite Singapore's strong economy, new challenges lie ahead.
Major Japanese companies are increasing ventures in the United States, with Toyota investing $13.9 billion in North Carolina alone.
COMMENTARY / Japan
May 13, 2024

Japan’s gamble to hedge against U.S. political risks

As Japanese companies increasingly invest in U.S. states like North Carolina, friend-shoring ensures economic resilience in the face of political change.
East Japan Railway has set out a strict policy of not yielding to unreasonable demands from customers. The government and ruling parties are considering a labor law revision to strengthen measures against "customer harassment."
JAPAN / Politics
May 14, 2024

Japan mulls legislation against customer harassment

46.8% of union members said they had experienced customer harassment in the past two years, according to a survey this year by UA Zensen.
Spectators gather on South Padre Island to watch the planned launch of SpaceX's next-generation Starship spacecraft from the company's Boca Chica launchpad, near Brownsville, Texas, on March 14.
BUSINESS / Companies
May 14, 2024

Musk's SpaceX is quick to build in Texas, slow to pay its bills

Unpaid bills and finger-pointing among contractors have led many construction-industry businesses to file liens against SpaceX properties.
Visitors line up near a billboard for a Honda electric vehicle at the Beijing International Automotive Exhibition in Beijing in April.
BUSINESS / Companies
May 15, 2024

Honda moves to cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China.

Longform

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