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November 24, 2024
 

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The Nikkei will rise to 37,750 and the benchmark Topix to 2,650 by the end of next year, suggesting another 12% to 15% of upside for the country’s stocks, according to a median estimate of analysts.
BUSINESS / Markets
Dec 14, 2023

Bears vanish as world-beating Japanese stocks set for more gains

The Nikkei and Topix are on track for the biggest increases of any major benchmark stock index globally this year.
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023

Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting

The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
A deal was reached at the eleventh hour of COP28 in Dubai on Wednesday, with countries committing to transition away from fossil fuels to meet climate goals.
COMMENTARY / World
Dec 14, 2023

It’s time to kick our addiction to fossil fuels

The COP28 deal is historic in that it calls for a transition away from fossil fuels for the first time, but it's too weak to tackle the climate emergency.
Defense ministers from Japan, the U.K. and Italy hold a meeting at the Defense Ministry in Tokyo on Thursday.
JAPAN / Politics / ANALYSIS
Dec 14, 2023

Japan’s next-gen fighter project with U.K. and Italy hits milestone

The three countries agreed to establish an intergovernmental organization, divide up work share and set out the roles of each partner.
Haruyuki Takahashi (center) arrives at the Tokyo District Court on Thursday.
JAPAN / Crime & Legal
Dec 14, 2023

Former Tokyo Games executive pleads not guilty over bribery

Haruyuki Takahashi is accused of accepting about ¥200 million in bribes to help firms be selected as sponsors and marketing agents for the Games.
A law requires the Pentagon to inform Congress and extensively justify any program when costs exceed the original estimate by 15%, 25% or as much as 50% depending on the categories measured.
BUSINESS / Companies
Dec 15, 2023

New U.S. ballistic missile costs risk project termination

A U.S. Air Force review will take about 45 days before a determination is made as to whether the ICBM program exceeds congressional cost thresholds.
The Bank of Japan headquarters in Tokyo. BOJ Gov. Kazuo Ueda told lawmakers in parliament that his job was about to get even more "challenging” from the end of the year, adding to speculation of looming action by the central bank.
BUSINESS
Dec 15, 2023

BOJ set to stay outlier as 2024 hike seen in contrast to Fed

The Bank of Japan has become used to being a policy outlier over its decades-long quest to vanquish deflation. It’s likely to be no different in 2024.
Fujifilm has added the Instax Pal, a new palm-sized model, to its Instax instant camera lineup known as Cheki in Japan.
BUSINESS / Companies
Dec 15, 2023

Japanese camera-makers focusing on Gen-Z

Offerings tout unique features to appeal to those wanting something beyond smartphone photography.
Media mogul Jimmy Lai, the founder of now-shuttered pro-democracy newspaper Apple Daily and one of the most prominent Hong Kong critics of China's Communist Party leadership, has faced a salvo of litigation since a wave of pro-democracy demonstrations in 2019.
ASIA PACIFIC / Politics
Dec 15, 2023

China crackdown on Hong Kong in focus as Jimmy Lai goes on trial

Media tycoon faces possible life imprisonment on charges he colluded with foreign forces, including the U.S.
From left: Naho Sato, President Masamichi Idemitsu and Naoki Tajima
ESG CONSORTIUM
Dec 18, 2023

Mita Kosan develops real estate, community in central Tokyo area

Mita Kosan Co. Ltd., a real estate developer and leasing company, is housed in an office building right across the road from Keio University’s East Gate in the Mita district of Tokyo’s Minato Ward. The area has a uniquely mixed atmosphere: premium and academic, yet homey with a lot of small local...
An event is held in Osaka on Nov. 30 to mark 500 days until the opening of Expo 2025.
COMMENTARY / Japan
Dec 15, 2023

Why should any city want to host a world expo?

The projected budget for the 2025 Osaka Expo has nearly doubled and netizens and opposition politicians are calling for a cancellation.
Baseball player Shohei Ohtani speaks during a news conference on his presentation after signing a 10-year deal with the Los Angeles Dodgers at Dodgers Stadium in Los Angeles, California, on Thursday.
BUSINESS / Companies
Dec 15, 2023

Dip Corporation shares rise after Ohtani named brand ‘ambassador’

Shares in the internet job agency gained by as much as 8.9% in Tokyo trading after the firm announced its tie-up with the star baseball player.
Inter Miami forward Lionel Messi celebrates after scoring a goal during a match in Fort Lauderdale, Florida, in July.
SOCCER
Dec 16, 2023

Inter Miami adds Tokyo stop to Messi tour next February

The Argentine superstar will lead Inter Miami into a match against reigning champions Vissel Kobe at the 60,000-seat National Stadium on Feb. 7.
South Korea's Jung Hoo Lee bats during a World Baseball Classic pool game against Australia at Tokyo Dome on March 9.
BASEBALL / MLB
Dec 16, 2023

South Korea's Lee promises to impress San Francisco Giants fans

The 25-year-old left-handed slugger won five Golden Gloves as best overall KBO League player at his position over his seven seasons for the Kiwoom Heroes.
From left: Masashi Matsuyama, vice president of Nissan and president of Nissan (China) Investment, Takao Asami, senior vice president of Nissan, and Rika Kiritake, vice president of Nissan, hold a news conference at Tsinghua University in Beijing on Sunday.
BUSINESS / Companies
Dec 17, 2023

Nissan to export China-developed EVs to global markets

The firm is considering exporting internal combustion engine vehicles and upcoming electric cars manufactured and developed in China to overseas markets
A view of the city of Ayodhya, India
ASIA PACIFIC / Society
Dec 18, 2023

Temple promised by BJP transforming Indian city but some miss out

Laborers are finalizing a $6 billion infrastructure facelift in Ayodhya that is igniting an economic boom and driving up land prices.
Mercedes driver Lewis Hamilton removes his helmet after the qualifying session for the Abu Dhabi Grand Prix on Nov. 25.
MORE SPORTS / Auto Racing
Dec 18, 2023

Button expects Hamilton to bounce back 'with the right car'

For the second year running, Mercedes driver Hamilton has failed to win a grand prix.
Market players see the yen rallying next year as the Bank of Japan exits the world’s last negative interest rate regime and its global peers cut borrowing costs.
BUSINESS / Markets
Dec 18, 2023

2023's big currency flop is top pick for year ahead, again

The BOJ's expected unwinding of its ultraeasy monetary policy and the prospects of lower borrowing costs elsewhere set the stage for the yen to rebound.
Kokusai Electric CEO Fumiyuki Kanai foresees sustained investment in China and plans to increase staff there.
BUSINESS / Companies
Dec 18, 2023

Japan’s Kokusai aims to build on 66% rally as China demand booms

The producer of chip fabrication equipment will enlarge its Chinese footprint to tap the growing market, according to CEO Fumiyuki Kanai.
Michael Bloomberg, U.N. special envoy for climate ambition and solutions, speaks during a summit on methane and other greenhouse gases at COP28 in Dubai on Dec. 2.
COMMENTARY / World
Dec 18, 2023

What did COP28 achieve?

With pledges to cut methane, among other achievements, COP28 may have helped reduce the costs of decarbonization — an essential stepping stone.
Antoine Flamarion, co-founder of Tikehau Capital. Nikko Asset Management is in advanced talks to acquire a stake in the French asset manager.
BUSINESS
Dec 18, 2023

Nikko in talks to buy Tikehau stake and form Asia partnership

The deal would involve a distribution agreement in Japan and elsewhere in Asia and a joint venture in private markets investment strategies in the region.
United States Steel's Irvin Plant along the banks of the Monongahela River across from Glassport, Pennsylvania, in August
BUSINESS / Companies
Dec 19, 2023

Nippon Steel defends buying U.S. Steel at premium in global push

The American steelmaker has been considering potential transactions since mid-August, after rejecting an offer from rival Cleveland-Cliffs.
Japan’s passport gives visa-free entry to 192 global destinations, according to the latest Henley Passport Index. The country lost the top spot to Singapore earlier this year, after leading the list for five straight years.
BUSINESS
Dec 19, 2023

Japan’s travel industry urges people to get their mighty passports

Japan’s passport gives visa-free entry to 192 global destinations, according to the latest Henley Passport Index.
Customers browse through items sold as part of the Uniqlo Pre-owned Clothes Project at the brand's Harajuku store in Tokyo in October.
BUSINESS / Companies
Dec 19, 2023

Japan revisits used garments as inflation adds to fashion appeal

Awareness of the sector's huge environmental impact has yet to spark much interest in secondhand options in the world third-biggest clothes market.
Hanako Jimi, minister in charge of the expo, said that infrastructure development around the venue will cost some ¥9.7 trillion, including about ¥839 billion for extending Osaka Metro's Chuo subway line and constructing roads for shuttle bus operations.
JAPAN
Dec 19, 2023

Japan unveils Osaka Expo costs

The government will bear ¥164.7 billion in direct expenses based on the latest estimate for venue construction costs.
Vietnamese Prime Minister Pham Minh Chinh and Chinese leader Xi Jinping meet in Hanoi on Dec. 13.
COMMENTARY / World
Dec 18, 2023

Everyone is trying to woo Vietnam. Why Hanoi’s ‘bamboo policy’ works.

It makes sense to court Vietnam, one of the region’s most dynamic economies. This year, it is expected to post about 5% growth, better than many others.
Narendra Modi, India's prime minister, speaks during a news conference ahead of the winter session of Parliament in New Delhi on Dec. 4.
WORLD / Politics
Dec 19, 2023

Five elections in 2024 that will shape the global order

With half the world heading to the polls in 2024, and some 30 countries electing a president, here are five key elections to watch.
Foreign tourists take pictures in Tokyo's Asakusa district in November.
BUSINESS
Dec 20, 2023

Japan’s post-pandemic tourists shift spending to crafts and jewelry

Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
Sacks of coffee beans at a storage unit in the Sidama region of Ethiopia.
BUSINESS / Companies
Dec 20, 2023

Coffee firms switch sources, evading impact of EU deforestation law

Under the new law, importers of various commodities and products that use them must prove goods did not originate from deforested land.
Recent attacks on vessels in the Red Sea by the Iran-aligned Houthi militant group have forced shipping companies to reroute around the Cape of Good Hope to avoid the Suez Canal.
BUSINESS / Companies
Dec 20, 2023

Companies rush to avert Red Sea attacks as shipping rates rise

They are exploring alternative routes to avoid the region where the Houthi militant group is actively targeting vessels.
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.
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.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.

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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