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November 24, 2024
 

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U.S. President Joe Biden makes a toast during the leaders and spouses dinner at the Asia Pacific Economic Cooperation summit in San Francisco on Thursday.
ASIA PACIFIC / Politics
Nov 18, 2023

APEC leaders divided on Ukraine and Gaza wars, but back WTO reform

Some leaders objected to language on Gaza and Ukraine "on the basis that they do not believe that APEC is a forum to discuss geopolitical issues."
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer at the U.S. Capitol in Washington in September.
BUSINESS / Tech / FOCUS
Nov 18, 2023

OpenAI CEO Sam Altman's ouster followed debate with board

The CEO's firing came after disagreements with his board — in particular Ilya Sutskever, an OpenAI co-founder and the company’s chief scientist.
Sam Altman, then the chief executive of OpenAI, in Redmond, Washington, in February
BUSINESS / Tech
Nov 19, 2023

The perpetual rise of Sam Altman takes an unexpected turn

The former OpenAI CEO was the face of an AI-fueled future. He was the most Silicon Valley person alive. Then, on Friday, he was fired.
An Apple Store in Shanghai in September
BUSINESS / Tech / FOCUS
Nov 19, 2023

Asian regulators turn focus to Big Tech

Across the region, there are indications that Big Tech may soon have to comply with standards that could become international benchmarks.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023

Exclusivity the name of the game as firms target China's wealthiest

Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
Pacific Investment Management headquarters in Newport Beach, California. The bond giant says it has started building a long yen position.
BUSINESS
Nov 20, 2023

Pimco is buying yen to prepare for tighter BOJ monetary policy

The bond giant started building a long yen position when Japan’s currency weakened past ¥140 per dollar a few months ago.
Monday's disruptions, which began around 8:30 a.m., affected SoftBank's "Otoku Line" and "Otoku Hikari Denwa" services in parts of eastern Japan.
BUSINESS / Companies
Nov 20, 2023

SoftBank's fixed-line phone services disrupted again

Disruption in parts of eastern Japan followed 14-hour outage over the weekend.
Sam Altman participates in an event at the Asia-Pacific Economic Cooperation leaders week in San Francisco on Nov. 16.
BUSINESS / Tech
Nov 20, 2023

OpenAI appoints ex-Twitch boss as CEO, while Altman joins Microsoft

The decision not to reinstate Altman as CEO has confounded efforts by investors and employees of the firm to steady the ship by bringing him back.
Kyle Vogt speaks on stage at the launch of the Cruise Origin autonomous vehicle in San Francisco in January 2020.
BUSINESS / Tech
Nov 20, 2023

CEO of GM's Cruise robo taxi unit resigns amid U.S. safety review

His resignation follows weeks of turmoil at the unit, which is undergoing a safety review after one of its vehicles dragged a pedestrian.
Pedestrians walk past an electronic board displaying various companies' share prices, in a business district in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 20, 2023

Japan’s fiscal advisory board warns of impact of higher rates

Even small changes could have a large impact given rates are so low and Japan has the largest public debt load among developed economies.
Former Canadian diplomat Michael Kovrig
WORLD / Politics
Nov 21, 2023

Canadian claims he was used by Ottawa for gathering intel in China

Beijing's 2018 to 2021 detentions of Canadians Michael Spavor and Michael Kovrig had plunged bilateral relations into a deep freeze.
Argentine president-elect Javier Milei in Buenos Aires on Sunday
WORLD / Politics
Nov 21, 2023

Milei opens a new era: What comes next in Argentina policymaking

Javier Milei’s victory in Argentina’s presidential election opens a new and uncertain chapter in South American nation’s convoluted history.
Japanese stock markets have already rallied to around their highest since 1990, with consumer and financial stocks outperforming domestic indexes.
BUSINESS / Economy / ANALYSIS
Nov 21, 2023

Japan's inflation comeback prompts investors to tear up playbooks

Investors are tearing up their playbooks to focus on expected higher interest rates, more generous dividends and a revival in consumer spending.
Fans of the Malmo soccer team during a match against Elfsborg at the Eleda stadium in Malmo, Sweden, on Nov. 12. While most of Europe’s leagues engage in a Sisyphean quest to source as much money as possible, Sweden has chosen a different model. But its rewards come with risk.
SOCCER
Nov 21, 2023

Business booming after Swedish soccer puts fans before finances

The story surrounding the game is one of rejecting orthodoxy, of asking why sports exist and whom they exist for — but also how hard it is to stand alone.
Taiwan Semiconductor Manufacturing Co.'s factory currently under construction in Kikuyo, Kumamoto Prefecture
BUSINESS / Tech
Nov 21, 2023

TSMC eyes third Japan chip plant with cutting-edge 3 nanometer tech

Another plant in Japan, this one making advanced 3-nanometer (3nm) chips, would potentially turn Japan into a major global chipmaking hub.
Farm workers carry rice saplings on the outskirts of Ahmedabad, India, in July.
ENVIRONMENT / Sustainability
Nov 21, 2023

In India, 'natural farming' draws young people back to the land

The farming method shuns synthetic fertilizers and pesticides, involves the use of organic manure and no tilling of the land.
South Korean President Yoon Suk-yeol waves as he and his wife, Kim Keon-hee, arrive in London on Monday for a state visit to the U.K.
ASIA PACIFIC / Politics
Nov 21, 2023

South Korea’s Yoon to talk AI in U.K. as trade negotiations begin

South Korea's Yoon Suk-yeol and British leader Rishi Sunak will try to burnish their international credentials ahead of respective general elections.
Cabs not in operation are parked at a taxi company in Naha in October. Finding a taxi in parts of Okinawa Prefecture is becoming increasingly difficult because of a shortage of drivers.
JAPAN / Society / Regional Voices: Okinawa
Nov 27, 2023

Getting a taxi in Okinawa harder than ever amid driver shortage

The number of cab drivers working in the prefecture peaked at 10,041 in 2009 and declined to 5,246 in 2021.
OpenAI said it fired chairman Sam Altman after it concluded that he was not candid with the company's board, hindering its ability to exercise its responsibilities.
COMMENTARY / World
Nov 21, 2023

Profit, not progress, animates the tech world

Reliable sources said Altman's firing came amid difference in views about the speed at which OpenAI should push its artificial intelligence.
The health ministry's drug enforcement officials investigate a retailer in the city of Osaka on Friday.
JAPAN / Crime & Legal
Nov 21, 2023

Japan to ban marijuana-derived substance found in gummy candies

An expert panel at the health ministry decided to officially add the HHCH synthetic compound to a drug list, with the ban taking effect from Dec. 2.
The Ministry of Economy, Trade and Industry has been meeting with Japanese buyers, as well as overseas suppliers, to urge the signing of more long-term LNG contracts.
BUSINESS / Companies
Nov 21, 2023

Japan urges LNG buyers to sign long-term deals for fuel security

The push is meant to insulate Japan from future supply shocks, as well as potentially harsher sanctions against Russian fuel exports.
A wind turbine and an electricity pylon in Finedon, Britain. Developers can no longer use financial modeling that assumes gas power plants are used constantly throughout their 20-year-plus lifetime, analysts said.
BUSINESS / Economy
Nov 21, 2023

Giant batteries drain economics of gas power plants

Batteries that ensure stable power supply are becoming cheap enough to make developers abandon scores of projects for gas-fired generation worldwide.
Despite being a global leader in more costly offshore wind production, the number of new turbines going up in the English countryside has been at a virtual standstill for nearly a decade.
BUSINESS
Nov 22, 2023

Winds of change? The bid to revive England's onshore sector

The number of new turbines going up in the English countryside has been at a virtual standstill for nearly a decade.
A bottle of Suntory Holdings' Yamazaki 25 Year Old whisky at the company's distillery in Shimamoto, Osaka Prefecture, in October
BUSINESS / Companies
Nov 22, 2023

Suntory to more than double the price of some alcoholic beverages

The company said that the price increases are designed to help improve the quality of its products and enhance production facilities.
The Bank of Japan headquarters in Tokyo. The central bank has yet to step into the real estate investment trusts market this year, after purchases every year since 2010 to help lower risks in the property market.
BUSINESS
Nov 22, 2023

BOJ pulls back from risk asset buying in sign of normalization

The lack of buying comes amid simmering speculation that the Bank of Japan will scrap its negative interest rate and control of government bond yields.
With the 225-issue Nikkei stock average up by 28% this year and trading near its highest level since 1990, foreign investors who have plowed more than $35 billion into Japanese stocks in 2023 after years of shying away are seen as especially demanding.
BUSINESS / Markets
Nov 22, 2023

‘Tourist investors’ punish Japan’s earnings misses

Traders relatively new to the market with unrealistically high expectations have exited positions due to nervousness.
Members of a freelancers group opposing Japan's new invoice system hand documents requesting its abolition to Finance Ministry officials in Tokyo on Nov. 13.
BUSINESS
Nov 22, 2023

Manga artists and taxi drivers hit as tax frustrations mount

About 4.6 million businesses that were previously exempt from paying sales tax have been impacted by a new invoice system.
Sam Altman, chief executive of OpenAI
BUSINESS / Companies
Nov 22, 2023

OpenAI restores Sam Altman as CEO after his tumultuous ouster

In addition to Altman's return, the company agreed to partly reconstitute the board of directors that dismissed him.
Actor Joaquin Phoenix (left), actress Vanessa Kirby and director Ridley Scott arrive for the U.K. premiere of the movie "Napoleon" in London on Nov. 16.
COMMENTARY / World
Nov 20, 2023

Ridley Scott’s ‘Napoleon’ and our need for historical heroes

The new movie Napoleon' reignites the debate on the role of great individuals in history
Mitsubishi UFJ Financial Group is exploring more investments in mid- and late-stage tech startups, seeing room for expansion into a field that historically was shunned by relatively conservative giant lenders.
BUSINESS / Companies
Nov 22, 2023

Top Japanese bank builds startup fund as policy push lures lenders

Mars Growth Capital, co-run by Mitsubishi UFJ Financial Group, now has around 40 to 50 potential investment deals for its recently launched equity fund.
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.
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
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
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.”
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.

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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