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Hong Kong leader John Lee (center) with lawmakers after they passed the city's new security law. Hong Kong has fast-tracked into law domestic security legislation that critics say could muzzle open economic discussion and tighten control over foreign bodies operating in the global finance hub.
BUSINESS
Mar 20, 2024

Hong Kong's new security law only deepens challenges for financial hub

While the city’s role as a financial center dwarfs that of rivals, more firms are choosing Singapore as their Asian base.
The Bank of Japan headquarters in Tokyo. A survey by Bloomberg indicates a majority of analysts surveyed doesn’t expect another rate hike as a base case, but plenty of others are warning that the BOJ may not be finished.
BUSINESS / Economy
Mar 20, 2024

Investors and economists split on whether BOJ will raise rates again

By moving in March instead of the consensus view of April, Gov. Kazuo Ueda secured space to raise borrowing costs again if data supports the case.
Shohei Ohtani notched two hits in his Dodgers debut on Wednesday in Seoul.
BASEBALL / MLB
Mar 20, 2024

Dodgers begin Ohtani era with win over Padres in Seoul

Ohtani notched a pair of hits in the win, including a single off of compatriot Yu Darvish.
Global demand for the hardware that underpins AI has sparked an economic recovery in Taiwan, giving policymakers room to focus on battling inflation.
BUSINESS / Tech
Mar 21, 2024

AI frenzy gives Taiwan central bank room to battle inflation

Taiwan’s exports and benchmark stock indexes have gained over the past few months, even as growth in major overseas markets remains weak.
Japan’s exports grew for a third consecutive month in February on the back of robust shipments of vehicles.
BUSINESS / Economy
Mar 21, 2024

Japan’s exports rise for third straight month led by autos

The economy is projected to record another small expansion in the current quarter, as the weak yen is expected to continue offering support to exporters.
Elon Musk's brain-chip startup Neuralink livestreamed on Wednesday its first patient implanted with a chip using his mind to play online chess.
BUSINESS / Tech
Mar 21, 2024

Musk's Neuralink shows first brain-chip patient playing online chess

The patient had received an implant from the company in January and reportedly learnt to control a computer mouse using his thoughts.
After Donald Trump secured the Republican nomination last week, the buzzword underwent an evolution as he outpaces incumbent President Joe Biden in a number of major polls.
JAPAN / Politics
Mar 21, 2024

'What if Trump?' Moshitora reenters Japanese lexicon

The compact Japanese buzzword has resurfaced in local media reports as the ex-president rises through a number of polls.
The Tokyo Regional Taxation Bureau
JAPAN / Crime & Legal
Mar 21, 2024

Tokyo clinic director fails to report ¥1 billion COVID-19 subsidy

The director received subsidies to perform PCR tests and outsourced testing services, but an audit showed she had not paid some ¥1 billion to outsourcers.
A monitor showing the Nikkei index on Thursday
BUSINESS / Markets
Mar 21, 2024

Nikkei scales record high; yen rebounds as Fed out-doves BOJ

The Nikkei marked a record closing high of 40,815.66, up more than 2% on the day, after also setting a fresh all-time intraday peak of 40,823.32.
Consumer prices in Japan rose 2.8% in February from a year ago, with the pace speeding up from 2% in January, even though there have been pockets of weakness in consumer demand.
BUSINESS / Economy
Mar 22, 2024

Japan’s speedier inflation pace keeps BOJ’s next move in focus

Consumer prices excluding fresh food rose 2.8% in February from a year ago, with the pace speeding up from 2% in January.
Traders work on the floor of the New York Stock Exchange on Thursday during the Reddit initial public offering.
BUSINESS / Companies
Mar 22, 2024

Reddit’s debut jump delivers for new and old shareholders alike

The platform’s most loyal users were able to buy 8% of the shares at the IPO price, and saw a total return in the aggregate of about $29 million.
Baseball player Shohei Ohtani poses with his Japanese interpreter, Ippei Mizuhara (right), and his agent, Nez Balelo, during a news conference after signing a 10-year deal with the Los Angeles Dodgers last year.
COMMENTARY / Japan
Mar 22, 2024

Shohei Ohtani scandal raises the stakes on sports betting

The speed at which U.S. sports leagues have embraced betting put the Japanese star's fastball to shame.
While policies differ from country to country, a common goal is to clean up an aviation industry that for a century has relied on fossil fuels to function.
BUSINESS
Mar 22, 2024

Expensive flights become new normal on $5 trillion green transition

Sustainable aviation fuel is the industry’s primary means of reaching a 2050 net zero target.
The Bank of Japan headquarters in Tokyo. More than a quarter of 47 economists surveyed by Bloomberg said the bank will raise the policy rate again in October while 23% said the hike will come in July.
BUSINESS / Economy
Mar 22, 2024

BOJ watchers see next rate hike by October and risk of faster moves

More than a quarter of 47 economists surveyed said the bank will raise the policy rate again in October, while 23% said the hike will come in July.
Hisashi Yagi is full of enthusiasm as he reopens Iroha Bookstore at a temporary location in Suzu, Ishikawa Prefecture, on Thursday.
JAPAN / Society
Mar 22, 2024

Beloved bookstore in quake-hit Ishikawa reopens at temporary site

The reopened Iroha Bookstore, which has a 75-year history, is lined with picture books taken from the original store and manga related to the prefecture.
Tourists wearing rented 'maiko' costumes stroll down a street in Japan's ancient capital of Kyoto.
COMMENTARY / Japan
Mar 18, 2024

Kyoto and the hard part of soft power

Kyoto has the kind of soft power few cities — and countries — possess.
Kurt Campbell
JAPAN / Politics
Mar 22, 2024

Japan to discuss AUKUS defense tech partnership, says U.S. diplomat

The United States, Australia and Britain established the AUKUS security partnership in 2021.
Shoppers in Tokyo on Tuesday
BUSINESS
Mar 22, 2024

Historic day for BOJ will take some time to be felt by people in Japan

With future rate hikes likely, the yen and mortgages could still see a more substantial impact.
“Blue Imagine” centers on a young actor (Mayu Yamaguchi) who finds support at a communal living space after she is sexually assaulted by a well-known director while participating in his actors’ workshop.
CULTURE / Film
Mar 23, 2024

'Blue Imagine' gives voice to victims of sexual abuse in the film industry

Urara Matsubayashi's debut feature finds the beauty in women coming together in solidarity to publicly speak out against abusers.
Retired management professor and trekker Jitendra V. Singh completed his goal of collecting all 46 prints in the series “Thirty-Six Views of Mount Fuji” in 2023.
CULTURE / Art
Mar 23, 2024

One collector’s high mountain road to Hokusai

A professor’s 30-year dream of assembling a complete set of “Thirty-Six Views of Mount Fuji,” the pinnacle of the artist’s career, leads to an auction.
Hedge funds have been consistently short the yen since 2021, according to CFTC, with the trade remaining popular in recent months on expectations that the BOJ’s pursuit of policy normalization will nonetheless remain accommodative.
BUSINESS / Markets
Mar 23, 2024

Hedge funds boost bearish yen bets after BOJ’s dovish hike

The yen fell more than 1% against the dollar following the conclusion of the central bank’s meeting Tuesday, and is now set for a second weekly drop.
The record high, which reflects rising prices, was the worst since the subject was added to the poll in 2008, according to a Cabinet Office official.
BUSINESS / Economy
Mar 23, 2024

Record 63% in Japan feel financially uncomfortable, government survey finds

The result, which reflects rising prices, was the worst since the subject was added to the poll in 2008, according to a Cabinet Office official.
An electronic stock board in Tokyo on Thursday. Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
BUSINESS / Markets
Mar 23, 2024

Japan’s stock boom gets broader support than just exporters

Signs that deflation has ended are driving investors to bet ever more on Japan’s economic growth.
The Wajima Morning Market is held as a pop-up event in Kanazawa, Ishikawa Prefecture, on Saturday.
JAPAN
Mar 23, 2024

Wajima morning market held for first time since Noto quake

The original site of the Wajima Asaichi market in the city of Wajima was reduced to ashes by a fire that broke out after the 7.6 magnitude earthquake.
Ippei Mizuhara interprets next to the Los Angeles Dodgers' Shohei Ohtani at Dodger Stadium in Los Angeles in February.
BASEBALL / MLB
Mar 25, 2024

Ohtani to speak Monday on allegations surrounding ex-interpreter

Los Angeles Dodgers manager Dave Roberts said he hoped two-way superstar's plans to speak on the press would bring "clarity."
Some prominent private equity-related dealmakings in Japan in 2023 include the ¥2.1 trillion ($14 billion) takeover of Toshiba.
BUSINESS / Markets
Mar 25, 2024

Japan private equity deals jump in otherwise gloomy year for Asia

Japan’s momentum is expected to continue into 2024 as companies face pressure to improve shareholder value.
Masato Kanda, vice finance minister for international affairs, is warning against speculative moves in the foreign exchange market as the yen continues to fall.
BUSINESS
Mar 25, 2024

Japan’s currency chief warns against speculative moves in market

"The current weakening of the yen is not in line with fundamentals and is clearly driven by speculation,” Masato Kanda said.
As early as this month, Kirin Holdings will start selling Kirin Hyoketsu Lemon in barrels to some restaurants through an Australian subsidiary. Each barrel will contain 49.5 liters of the beverage.
BUSINESS / Companies
Mar 25, 2024

Kirin sending chūhai barrels Down Under

Australian restaurants and bar will be the first to receive barrels of Kirin Hyoketsu Lemon outside Japan following strong sales of the canned variety.
Japan's Evelyn Mawuli (left) goes on the attack as Canada's Laeticia Amihere plays defense in the first quarter of an Olympic women's basketball qualifier on Feb. 11 in Sopron, Hungary.
BASKETBALL
Mar 25, 2024

Basketball star thrives on court again after putting herself first

Evelyn Mawuli is helping to normalize career breaks for reasons other than physical health.
The Central business district of Hong Kong. Hong Kong IPOs have dried up as stock prices slump and economic prospects wane.
BUSINESS
Mar 25, 2024

Once high-flying bankers in Hong Kong become a lost generation

The damage is underscored by the barrage of layoffs, the retreat of global capital, and the city’s diminishing role as an international financial center.

Longform

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