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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.
Pedestrians walk past stores in the Koenji district in Tokyo on Oct. 29.
BUSINESS
Nov 23, 2023

Personal shopping services in Japan buoyed by weak yen

Shoppers who cannot physically be in Japan are outsourcing their hunt for bargains to remote shopping services.
Sam Altman, CEO of OpenAI, speaks during WSJ Tech Live Conference in Laguna Beach, California on Oct. 17.
BUSINESS / Companies
Nov 23, 2023

OpenAI researchers spoke of risky discovery before CEO ouster

The previously unreported letter and AI algorithm were key developments before the board's ouster of Sam Altman.
COP28 President Sultan al-Jaber addresses delegates during the Africa Climate Summit in Nairobi on Sept. 5.
ENVIRONMENT / Climate change
Nov 23, 2023

Sultan al-Jaber: the UAE oil boss steering COP28

Climate funding has caused divisions between developed countries held largely responsible for global warming and poorer countries most vulnerable to it.
Hungary's Prime Minister Viktor Orban delivers a speech in Budapest on Nov. 18, after he was re-elected leader at the congress of the governing right-wing Fidesz party.
WORLD / Politics
Nov 23, 2023

Inside Viktor Orban’s $1 billion academy for future nationalists

The academy has become a training ground for the next generation of Orban disciples to ensure the nationalist forces are replenished.
Mizuho Financial Group is seeking to establish a securities company in China.
BUSINESS / Companies
Nov 23, 2023

Japan's Mizuho applies to set up securities company in China

The application comes as the bank is hoping to tap China's lucrative capital markets fee pool, the largest after the United States and Europe.
Ecuador's new President Daniel Noboa gestures to the crowd from the balcony of Carondelet Palace after being inaugurated at the National Assembly, in Quito, Ecuador, on Thursday.
WORLD / Politics
Nov 24, 2023

New Ecuadorian president Daniel Noboa pledges reforms

The country is facing deep economic challenges that have pushed thousands to migrate.
Core consumer prices in Japan rose 2.9% in October from a year earlier, staying above the Bank of Japan's 2% target for the 19th straight month as products seeing price hikes continued to broaden.
BUSINESS
Nov 24, 2023

Japan inflation quickens, clouding price outlook for BOJ

A weak yen has been a key driver behind high import costs, as it has stayed near a 33-year low against the dollar in recent months.
British Prime Minister Rishi Sunak speaks during the opening session of the Global Food Security Summit in London on Monday.
WORLD / Politics
Nov 24, 2023

The economy, stupid? Sunak's 'only' chance of re-election

Several resets have failed to claw back support from a resurgent Labour opposition, meaning his party's fortunes hinge on a British economic recovery.
Kashmiri journalists protest against internet blockade put by India's government in Srinagar in October 2019.
ASIA PACIFIC / Politics
Nov 24, 2023

Internet out: India deploys shutdowns in name of security

Some blackouts last hours, others days. Some stretch for months.
Hidenori Izaki, one-time winner of the World Barista Championship, brings coffee to new heights at Cokuun.
LIFE / Food & Drink
Nov 26, 2023

Tasting the 'Zen of coffee' at speakeasy-esque Cokuun

Drawing inspiration from fine dining and tea ceremony, Hidenori Izaki brews coffee with exceptional hospitality and speakeasy-style mystique.
The undulating structure of the Garden Plaza in Azabudai Hills in Tokyo is designed to showcase diverse greenery as well as act as an antidote to boxlike architecture.
BUSINESS
Nov 24, 2023

In photos: Tokyo’s new 'city within a city'

Mori's new Hills complex aims to challenge the traditional vision of hard-edged city living with beveled curves and green terraces.
Billionaire Elon Musk, owner of the X social media platform, pauses during an event with British Prime Minister Rishi Sunak in London on Nov. 2.
BUSINESS / Tech
Nov 25, 2023

X may lose up to $75 million in revenue as advertisers pull out

Scores of brands have pulled their ads after owner Elon Musk’s endorsement of an antisemitic conspiracy theory.
Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium.
BUSINESS / Tech
Nov 27, 2023

Salt in batteries: Shift may herald another shakeup

Sodium has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium.
A hydrogen storage tank and loading system at a liquefied hydrogen receiving terminal in Kobe
BUSINESS / Economy
Nov 27, 2023

U.K. concerned about Japan’s co-firing plans to curb emissions

The move 'prolongs the life of coal plants and leads to emissions,' said the head of climate change and energy at the British Embassy in Tokyo.
Lee Kyeong-sig, who runs a dog meat farm, feeds dogs in cages in Hwaseong, South Korea, on Tuesday.
ASIA PACIFIC / Society
Nov 27, 2023

South Korea's canine farmers protest proposed ban on dog meat

Despite its declining popularity and opposition from animal rights activists, previous attempts to ban dog meat have failed because of industry protests.
The best season for Australian mangoes is from November to February, different from that of rival producers in the opposite hemisphere.
BUSINESS
Nov 27, 2023

Australia keen to boost mango exports to Japan after curbs eased

The Australian mango season is different to that of rival producers in the opposite hemisphere.
Akina Shu has visited around 50 countries as a speaker and ambassador on the digital nomad lifestyle since 2020.
JAPAN / Society / FOCUS
Nov 27, 2023

Japan is enticing for digital nomads, but visa hurdles remain

While the country does not offer a digital nomad visa, the government is working on introducing one sometime in 2024.
Former Prime Minister Yoshihide Suga says Japanese firms' clean energy technology can speed up the country’s efforts to curb emissions.
BUSINESS / Tech
Nov 27, 2023

Japan’s tech leaders accelerate its climate actions, ex-PM says

Japan’s companies were once at the cutting edge of green technology but have been surpassed by Chinese producers.
A view inside of Sai Life Sciences' manufacturing facility in Bindar, Karnataka, India, in September.
BUSINESS / Companies
Nov 27, 2023

Indian drugmakers benefit from Big Pharma interest beyond China

Rising tensions with China have prompted more Western governments to recommend that firms "de-risk" supply chains from exposure to the Asian superpower.
Christian Sinding, chief executive officer of EQT, in Tokyo in September
BUSINESS / Companies
Nov 28, 2023

Private equity giant EQT buys stake in Japanese startup HRBrain

The purchase marks a rare attempt by a global private equity giant to boost returns through young enterprises in the Asian country.
Elon Musk and Benjamin Netanyahu visit Kibbutz Kfar Aza in Israel on Monday.
WORLD / Politics
Nov 28, 2023

Amid antisemitism uproar, Elon Musk pitches Starlink in Israel

Musk's satellite internet provider is at the heart of the billionnaire's political clout.
Canadian Prime Minister Justin Trudeau speaks during a news conference at May’s Group of Seven summit in Hiroshima.
COMMENTARY / Japan
Nov 28, 2023

Canada's path to pragmatic Indo-Pacific engagement

As part of Canada’s Indo-Pacific pivot, we have already seen its relations and cooperation with Japan deepen.
Monthly regular pay rose 3.2%, or ¥9,437, on average this year, both record highs since comparative figures began in 1999.
BUSINESS / Companies
Nov 28, 2023

Japanese firms giving record pay raises this year, poll shows

Policymakers have said hiking wages is essential to ending deflation and to achieving and sustaining an inflation rate of 2% in a stable manner.
People walk past the booth of fashion retailer Shein during the first China International Supply Chain Expo (CISCE) in Beijing on Tuesday.
BUSINESS / Companies
Nov 29, 2023

Shein’s IPO plan to fuel scrutiny over cotton and China roots

In addition to fighting skeptics, Shein is also locked in a battle with rival Temu
The Bank of Japan headquarters in Tokyo. The central bank incurred record valuation losses on its government bond holdings in the first half of the current fiscal year due to rising long-term interest rates.
BUSINESS / Economy
Nov 29, 2023

BOJ’s paper loss on bond holdings balloons to record $71 billion

The loss isn’t likely to deter Ueda from paring back stimulus if the bank’s inflation goal is achieved. Still, it’s an indication of the challenges ahead.
Toyota posted record October global sales and production on strong demand for its cars in North America and Europe.
BUSINESS / Companies
Nov 29, 2023

Toyota's October global output hits record despite supplier issue

The world's largest automaker by sales said it produced 900,285 vehicles worldwide, up 16.7% from the same period a year earlier.
Tiger Woods during the second round of The Masters in Augusta, Georgia, in April
MORE SPORTS / Golf
Nov 29, 2023

'Rusty' Tiger curious about form at 'pain-free' comeback

Woods, a 15-time major winner, will play in the Hero World Challenge starting Thursday.
In 2022, MLB umpires wore FTX patches on their sleeves.
SOCCER
Nov 29, 2023

MLB and Formula 1 face fraud suits for promoting FTX

Investors’ lawyers sued MLB and the other entities in U.S. federal court in Miami on Monday.
Wrong parts may have been used in the vehicle-assembly process of minivans, leading to Toyota's latest production line suspension.
BUSINESS / Companies
Nov 29, 2023

Toyota halts production lines at plant again

Wrong parts may have been used in the vehicle-assembly process of the Noah and Voxy minivans, leading to the suspension, the firm said.

Longform

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