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November 23, 2024
 

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Australian Defense Minister Richard Marles, U.S. Defense Secretary Lloyd Austin and British Defense Secretary Grant Shapps speak during a news conference following an AUKUS defense ministerial meeting in Mountain View, California, last December.
JAPAN / Politics / ANALYSIS
Apr 9, 2024

U.S., U.K. and Australia consider working with Japan on AUKUS security pact

The three countries said they were weighing inviting Tokyo to join the pact’s second stage, with talks with Japan and others set to begin this year.
Iowa Hawkeyes guard Caitlin Clark (22) shoots against the South Carolina Gamecocks in Cleveland, Ohio, on Sunday.
BASKETBALL
Apr 9, 2024

'Caitlin Clark Effect' set to transform WNBA

"No one has been able to capture the kind of magic or lightning in a bottle like Caitlin Clark has done," said one academic.
Finance Minister Shunichi Suzuki says authorities are watching exchange-rate moves closely and won't rule out any options.
BUSINESS / Economy
Apr 9, 2024

Japan warns against excessive volatility as yen slides near fresh lows

The yen briefly hit ¥151.840 to the dollar, within striking distance of the 34-year low of ¥151.975 marked last month.
Bank of Japan Gov. Kazuo Ueda has indicated the central bank's debt buying will be dialed back at some point.
BUSINESS
Apr 9, 2024

Japan’s bond market liquidity improves as BOJ loosens its grip

Among the signs of progress, the average bid-ask spread to trade the country’s debt has tightened to the narrowest in at least six months.
Towa’s compression molding equipment. The firm commands two-thirds of the world’s chip molding equipment market.
BUSINESS / Companies
Apr 9, 2024

AI demand spurs 390% surge in Kyoto chip company’s stock price

A growing demand for AI technology has been a boon for Towa, a little-known company that makes an essential component.
U.S. Treasury Secretary Janet Yellen visits the Guozijian Hutong Alley in Beijing on Monday.
WORLD / Politics
Apr 9, 2024

Yellen threatens sanctions for China banks that aid Russia war

America’s ultimate weapon against financial institutions is its ability to cut off access to U.S. dollars, a threat for any bank operating internationally.
Tesla says that Autopilot enables its vehicles to steer, accelerate and brake automatically, but that the system’s features require "active driver supervision and do not make the vehicle autonomous.”
BUSINESS / Companies
Apr 9, 2024

Tesla settles over fatal Autopilot crash on eve of trial

The case centered on a 38-year-old Apple engineer whose Model X veered off the highway and slammed into a roadside barrier on his way to work.
The TSMC plant in Phoenix, Arizona. The chipmaker's projects in Arizona have become increasingly entwined with U.S. President Joe Biden’s campaign message on revitalizing the economy.
BUSINESS / Tech
Apr 9, 2024

TSMC gets $11.6 billion in U.S. grants and loans for chip plants

TSMC’s projects in Arizona have become increasingly entwined with Biden’s campaign message on revitalizing the economy.
Pakistan finance minister Muhammad Aurangzeb in Islamabad on March 22
WORLD / Politics
Apr 9, 2024

Pakistan’s finance minister leaves behind banker's life and pay to fix economy

The country has Asia’s fastest inflation, anemic growth and one of the lowest tax-collection rates in the world.
Warren Buffett’s Berkshire Hathaway would be the first major non-financial overseas debt issuer to sell yen bonds after the Bank of Japan last month scrapped the world’s last negative interest rate.
BUSINESS / Markets
Apr 9, 2024

Berkshire plans to sell first yen bonds since BOJ move

The U.S. company last turned to the yen bond markets in November, with a ¥122 billion ($803 million) five-tranche deal.
Harakado will open next Wednesday and aims to be a place where creators can gather.
BUSINESS / Companies
Apr 9, 2024

New Harajuku complex aims to become next cultural creators hub

The nine-story building — named Harakado — will open next Wednesday and is designed to be “a commercial complex where creators (can) gather.”
Electricity pylons next to the Sizewell B nuclear power station, in Sizewell, U.K.
BUSINESS
Apr 9, 2024

European nuclear plants put out of work by green power surge

The drive to promote renewable energy is turning the screws on Europe’s nuclear industry.
Japan will need new nuclear power plants to meet its 2050 net zero goal.
BUSINESS
Apr 9, 2024

Japan needs new nuclear to hit green goals, power sector says

New reactors are needed to help reduce dependence on costly fossil fuel imports and to help boost economic competitiveness.
Shin-Etsu Chemical is among the world's leading makers of photoresists and silicon wafers.
BUSINESS / Tech
Apr 9, 2024

Shin-Etsu Chemical to build new chip materials plant in Gunma

The plant, slated to be completed by 2026, will make photoresists, including extreme ultraviolet resists used for generative AI systems.
A voter casts their ballot at a polling station in Seoul early on Wednesday.
ASIA PACIFIC / Politics
Apr 10, 2024

Opposition projected to retain majority in South Korean parliament

The Democratic Party and its satellites are forecast to win between 184 and 197 seats, up from 156 in the last parliament.
Former Thai Prime Minister Thaksin Shinawatra gestures while flanked by his son Panthongtae Shinawatra and daughter Paetongtarn Shinawatra at Don Mueang airport in Bangkok in August 2023.
ASIA PACIFIC / Politics
Apr 10, 2024

Thailand yet to decide on indicting former PM Thaksin, lawyer says

The royal insult complaint against the former leader and tycoon stemmed from an interview he gave to foreign media in 2015.
The Bank of Japan headquarters in Tokyo. The central bank will probably discuss revising up its projection for growth in consumer prices for the current fiscal year, sources said.
BUSINESS / Economy
Apr 10, 2024

BOJ said to mull raising inflation view on strong pay deals

Rising oil prices and the weak yen are spurring inflationary pressure that could fuel speculation of earlier moves by the BOJ.
A Boeing 787 Dreamliner lifts off at Paine Field in Everett, Washington.
BUSINESS / Companies
Apr 10, 2024

Boeing takes further blow after whistleblower alleges 787 ‘shortcuts’

Incorrect treatment of gaps between joined airframe segments could lead to "significant fatigue,” according to the former quality engineer.
A Ukrainian serviceman stands next to a Starlink antenna near Bakhmut, Ukraine.
BUSINESS / Companies
Apr 10, 2024

Pentagon reveals SpaceX contract for Starlink in Ukraine costs $23 million

A U.S. official characterized the service as a vital part of the security assistance the U.S. is providing to Ukraine.
Although intelligence agencies are engaging more with the public than they used to, spy-themed entertainment is still the primary source of education about espionage.
COMMENTARY / World
Apr 10, 2024

James Bond and Jason Bourne ruined spies for all of us

The average person knows deep down that what they see in the movies and on TV isn’t the same as reality, but they don’t know how or how much.
The New York Stock Exchange in New York. Japanese startups have been turning to the United States where institutional investors are more willing to bet on innovative technologies.
BUSINESS / Companies
Apr 10, 2024

New York Stock Exchange trying to get Japanese companies to list in the U.S.

South Korean, Indonesian and Singaporean companies from across various sectors are also looking to list in the U.S..
Masato Kanda, vice finance minister for international affairs, says all options are on table after the yen fell past ¥153 to the dollar.
BUSINESS / Markets
Apr 11, 2024

Tokyo and Washington may be in sync, but the dollar-yen currency gap is growing

The yen slipped to its lowest level since 1990 — ¥153 against the dollar — while officials said they were examining their options.
South Korean President Yoon Suk-yeol suffered a stinging defeat in Wednesday’s parliamentary election, hampering his conservative pro-business agenda.
ASIA PACIFIC / Politics
Apr 11, 2024

South Korea's Yoon becomes lame duck following election

The outcome at the polls effectively derailed Yoon Suk-yeol's pro-business goals for the next three years.
The international departure lobby at Haneda Aiport in Tokyo on April 29, 2023, at the start of the Golden Week holidays.
BUSINESS
Apr 11, 2024

Golden Week travel plans near pre-pandemic levels as overseas bookings surge

This year's Golden Week marks the first since the government downgraded COVID-19’s classification to the same level as the seasonal flu.
NTT Docomo's "d Point" reward points can now be earned and used on the Amazon shopping website.
BUSINESS / Companies
Apr 11, 2024

NTT Docomo points arrive at Amazon

NTT Docomo's d Point program had roughly 100 million users as of the end of March.
According to the Tokyo police, 22-year-old student host Yuya Inaba lured an underage girl into spending money by seducing her and making false promises such as, “Let’s get married when you turn 18.”
JAPAN / Crime & Legal
Apr 11, 2024

Tokyo host club worker arrested after underage girl racks up ¥6 million in charges

The 15-year-old girl visited the club around 10 times between March and July 2023, and had racked up charges that totaled ¥6 million.
Dustin Johnson has a lifetime exemption to the Masters after winning the tournament in 2020.
MORE SPORTS
Apr 11, 2024

Asian Tour remains an option for LIV stars in search of ranking points

The Asian Tour has entered into a growth cycle over the last three years, expanding to 24 tournaments.
A branch of the Fast Retailing clothing brand Uniqlo in Tokyo
BUSINESS
Apr 12, 2024

Uniqlo operator upbeat on Europe and North America after Q2 profit miss

Fast Retailing left its full-year operating profit forecast unchanged at ¥450 billion.
Flights between China and the United States have emerged as a rare area of cooperation between the two countries, but U.S. airlines have expressed concern about the rapid pace of increasing flights.
BUSINESS / Companies
Apr 12, 2024

Biden administration urged not to approve more China flights

U.S. airlines have expressed concern about the rapid pace of increasing flights.
One of the main hurdles to more widespread adoption of electric vehicles in Europe cited by industry experts is the difficulty in rolling out necessary infrastructure quickly and broadly.
BUSINESS / Companies
Apr 12, 2024

Bumpy ride for electric cars in Europe

Sales of plug-in "zero emission" vehicles have stalled in the region in recent months.
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.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
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.
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?
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