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Stronger annual wage negotiation results are likely to pave the way for the Bank of Japan to end its negative interest rate by this spring, a former BOJ official says.
BUSINESS / Economy
Jan 16, 2024

Wage gains of 4% would pave way for BOJ rate hike, ex-official says

Market participants are monitoring annual wage talks closely as they may be a decisive factor in prompting Japan's central bank to end the world’s last negative rate.
A worker carries a tray containing steamed kamaboko at a factory in Ise, Mie Prefecture.
JAPAN / Society / Regional voices: Chubu
Jan 22, 2024

As costs rise, kamaboko producers struggle to stay afloat

Many have little choice but to raise the prices of their own products after having exhausted other measures.
Japan's input inflation was flat in December, the weakest showing in almost three years.
BUSINESS / Economy
Jan 16, 2024

Japan’s input inflation flatlines for weakest result since 2021

Input prices were unchanged last month from a year earlier, the weakest showing in almost three years as the yen’s recent gains helped cap import costs.
Shohei Ohtani has been appointed baseball game ambassador by Konami Group’s content unit.
BUSINESS / Tech
Jan 16, 2024

Konami hires Shohei Ohtani to champion Power Pros in 30th year

Ohtani's appointment to baseball game ambassador also marks the 20th anniversary of spinoff Professional Baseball Spirits.
Guards raise Taiwan's national flag on the Democracy Boulevard at the Chiang Kai-shek Memorial Hall in Taipei on Sunday.
ASIA PACIFIC / Politics / ANALYSIS
Jan 16, 2024

China plays waiting game in run-up to Taiwan inauguration

China's muted response to the weekend victory by Taiwan President-elect Lai Ching-te may be the start of an uneasy four months before he takes office.
Volkswagen is casting its net wider in pursuit of a potentially game-changing technology: a "solid-state" electric car battery
BUSINESS / Companies
Jan 16, 2024

Volkswagen and rivals plug away at solid-state battery puzzle

An array of technical hurdles are holding back wider development of solid-state technology, seen by its backers as the "holy grail" of EV batteries.
Around 100 YouTube channels actively deny climate change, while also spreading videos attacking solutions such as wind and solar.
BUSINESS / Tech
Jan 17, 2024

Attacks on renewable energy are proliferating on YouTube

While videos espousing climate denial are declining across nearly 100 YouTube channels, videos attacking solutions such as wind and solar are growing.
The Bank of Japan headquarters in Tokyo. None of 51 surveyed economists expects the central bank to raise its negative interest rate this month, with two-thirds forecasting a rate hike by April.
BUSINESS
Jan 17, 2024

Polled economists all see BOJ holding in January after quake

None of 51 surveyed economists expects the central bank to raise its negative interest rate this month, with two-thirds forecasting a rate hike by April.
While Apple has dominated the holiday quarter in recent years, its surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
BUSINESS / Companies
Jan 17, 2024

Apple passed Samsung as world’s top phone-maker in 2023

Apple's surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
Daihatsu President Soichiro Okudaira speaks to reporters at the transport ministry on Tuesday.
BUSINESS / Companies
Jan 17, 2024

Daihatsu may lose production rights for three models in safety scandal

An inspection by the transport ministry found that air bags had been set to inflate automatically in tests rather than when a crash was detected.
A monitor in Tokyo shows the Nikkei stock average rising above 36,000 on Wednesday.
BUSINESS / Markets
Jan 17, 2024

Nikkei retraces after setting new 34-year high above 36,200

A weaker yen buoyed the outlook for corporate profits, overshadowing the impact from overnight Wall Street declines and disappointing Chinese economic data.
In his new memoir, “Rental Person Who Does Nothing,” Shoji Morimoto describes his journey to becoming a professional blank page, citing his own posts on X (formerly Twitter), where he reflects on his transactions to nearly half a million followers.
CULTURE / Books
Jan 18, 2024

‘Rental Person Who Does Nothing’ finds value in just being

In his new memoir, Shoji Morimoto describes his unique business model: Do nothing for his clients.
Mitsuko Tottori (right), incoming president of Japan Airlines, speaks alongside Yuji Akasaka, the outgoing president, during a news conference in Tokyo on Wednesday.
BUSINESS / Companies
Jan 17, 2024

Japan Airlines names former flight attendant as first female president

Mitsuko Tottori, a senior managing executive officer who joined JAL in 1985, will become president from April 1, the firm said in a statement.
The caucus system is increasingly out of step with how modern America lives and picks its presidential candidates and how modern campaigns roll.
COMMENTARY / World
Jan 17, 2024

It’s time to scrap the Iowa caucus

The concept behind the Iowa Caucus was both noble and novel when it debuted in 1972. Now many people think it has no place in modern politics.
Chinese President Xi Jinping and Hong Kong's new chief executive, John Lee, take part in a swearing in ceremony to inaugurate the city's new government on July 1, 2022.
COMMENTARY / World
Jan 17, 2024

Hong Kong‘s choice: National security or a global role?

Hong Kong tries to maintain its international status and economic role amid challenges posed by China's National Security Law and other political developments.
Tokyo's Ginza shopping district on Wednesday. Spending by visitors totaled a record ¥5.3 trillion in 2023, up by roughly 10% compared with the tally in 2019.
BUSINESS
Jan 17, 2024

Japan’s economy gets boost from 25 million visitors in 2023

A weak yen has helped boost tourists’ spending power, making Japan a much more affordable and attractive destination.
The Tokyo Stock Exchange will require all companies listed on its prime section to publish key information simultaneously in English and Japanese.
BUSINESS / Markets
Jan 18, 2024

Tokyo bourse to make simultaneous English disclosure mandatory for top firms

A reform panel has cited foreign investors as saying that a lack of English disclosure is one of the reasons for staying away from Japan's stock market.
TSMC's plant in Kikuyo, Kumamoto Prefecture, is set to open on Feb. 24.
BUSINESS / Companies
Jan 18, 2024

Taiwan's TSMC to launch Kumamoto chipmaking plant in February

TSMC — whose clients include Apple and Nvidia — controls more than half the world's output of silicon wafers, used in everything from smartphones to cars to missiles.
In August 2019, Toru Takamatsu became the youngest master sommelier in history at just 24 years old.
LIFE / Food & Drink
Jan 21, 2024

Japan’s first master sommelier dreams of Hokkaido wine glory

Why would a master sommelier go from Michelin-starred restaurants to the hands-on life of an apprentice winemaker in Hokkaido?
Singapore's former Transport Minister Subramaniam Iswaran (center) and his defense counsel Davinder Singh (left) leave the Singapore State Courts on Thursday.
ASIA PACIFIC / Politics
Jan 19, 2024

Singapore minister quits after biggest graft case since 1986

The scandal has cast a pall on the city-state known for its clean governance. If convicted, the minister faces fines and a possible jail term.
Doubts about China’s official investment statistics — which measure spending on things like housing, factories and infrastructure — have been fueled by frequent revisions in recent years, and the latest data implies an unusually large adjustment.
BUSINESS / Economy
Jan 19, 2024

Did China’s economy really grow 5.2% in 2023? Not all agree

Doubts over Chinese data, particularly on investment, have resulted in alternative calculations that put its GDP growth last year at as low as 1.5%.
The risks are particularly evident in Asia, home to some of the world’s worst-performing major currencies against the greenback.
BUSINESS / Economy
Jan 19, 2024

Dollar dominance is triggering intervention fears across markets

The greenback's recent spike is a reality check to investors betting on dollar weakness and for the authorities hoping for a respite.
Japan's core inflation stayed above the central bank's 2% target in December but slowed for a second straight month, reinforcing expectations it will be in no hurry to phase out its massive monetary stimulus.
BUSINESS
Jan 19, 2024

Japan’s slowing inflation supports case for BOJ to wait longer

Growth in consumer prices excluding fresh food slowed to 2.3% in December from a year earlier.
TSMC had said it would make 3nm chips at the second factory, which is expected to be more advanced than the first in Arizona, but on Thursday, it said that incentives from the U.S. government would help determine how advanced the tech inside will be.
BUSINESS / Tech
Jan 19, 2024

TSMC’s second factory in Arizona delayed as U.S. grants remain in flux

Site will start operations only in 2027 or 2028, instead of the chipmaker's earlier guidance of 2026.
A worker builds a home in Lillington, North Carolina, in June. Appetite among Japanese companies in the U.S. homebuilding market is growing as they struggle with a declining population at home.
BUSINESS / Companies
Jan 19, 2024

A $4.9 billion Japan deal for a U.S. builder heralds more M&A

Appetite among Japanese buyers in the U.S. homebuilding market is growing as they struggle with a declining population at home.
Keidanren Chair Masakazu Tokura (center) visits the 2025 Osaka-Kansai Expo site on Thursday.
JAPAN / Society
Jan 19, 2024

Debate grows over whether expo funding should go to Ishikawa recovery

It has been suggested it would be better to postpone, or even cancel, the troubled 2025 Osaka-Kansai Expo.
Honda’s sales in the United States soared 33% last year and the firm anticipates continued growth but at a more modest pace.
BUSINESS / Companies
Jan 19, 2024

Honda sees 2024 U.S. sales climbing 10% with boost from hybrids

Honda’s sales in the U.S. soared 33% last year to 1.3 million vehicles — with one-quarter of that total coming from hybrid models.
Wind turbines at an RWE wind farm off the coast of Great Yarmouth, England. RWE operates 3.3 gigawatts of offshore wind power in Europe.
BUSINESS / Companies
Jan 19, 2024

RWE plans further Japan offshore wind push after Niigata win

The German renewable energy company believes floating offshore projects will be the key to achieving the nation's goal of generating 45 GW of wind power by 2040.
A single mom in Kobe moonlights as a sleuth in Simon Rowe’s “Mami Suzuki: Private Eye.”
CULTURE / Books
Jan 21, 2024

'Mami Suzuki: Private Eye': Kobe sleuth's colorful mysteries take readers around Japan

Simon Rowe’s straight-talking detective cuts a sophisticated figure as she solves matters the police won’t touch, all while looking after her young daughter and mother.
Paul Patterson, Fujitsu's European head, leaves after giving evidence to the Post Office Horizon IT Inquiry in central London on Friday.
BUSINESS / Companies
Jan 20, 2024

Fujitsu says Post Office knew about Horizon bugs from the start

Errors from the firm's software led to the wrongful conviction of hundreds of people for theft and false accounting.

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