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November 23, 2024
 

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China's yuan is at five-month lows and has lost 1.9% to the dollar this year as foreign investors pull more money out of its struggling markets.
BUSINESS / Economy / ANALYSIS
Apr 16, 2024

China's cycle of dollar hoarding and weakening yuan gets vicious

Analysts say one of two things needs to happen to end the downward spiral, but both seem distant.
Japan's exports grew 7.3% year-on-year in March, up for the fourth straight month, showing that the economy continues to benefit from the effects of the sliding yen.
BUSINESS / Economy
Apr 17, 2024

Japan’s exports get boost from China aided by yen tailwind

Exports gained 7.3% in March from a year earlier, with growth slightly decelerating from February’s 7.8% gain.
Tesla's troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month.
BUSINESS / Companies
Apr 17, 2024

Tesla’s value dips below $500 billion in blow to stock bulls

The electric vehicle maker's troubles started in October when it warned that demand for EVs was starting to slow.
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
JAPAN / Crime & Legal
Apr 17, 2024

Police warn against investment scams on social media

Scammers are posing as prominent businesspeople to increase credibility and to lure victims into "get rich quick” schemes.
Members of the town assembly of Genkai, Saga Prefecture, discuss on Wednesday whether to accept a survey to examine the town's suitability for hosting a final disposal site for high-level radioactive waste.
JAPAN
Apr 17, 2024

Saga town begins discussions on nuclear waste disposal site survey

If approved by the special committee and the full assembly, the town mayor will need to make the final decision on whether or not to accept the survey.
“Beyond the Fog” depicts the struggles of a family-run inn through the eyes of the proprietor’s 12-year-old daughter (Shuri Miyake, right, with Asami Mizukawa).
CULTURE / Film
Apr 18, 2024

‘Beyond the Fog’: Evocative mood piece leaves a dreamy impression

Daichi Murase’s understated drama about a dying community in rural Nara Prefecture benefits from Takeshi Dodo’s beautiful cinematography.
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
CULTURE / TV & Streaming
Apr 18, 2024

'House of the Owl' brings Hollywood values to Japanese TV

Min Tanaka plays a powerful political fixer in the 10-episode show, which centers on the behind-the-scenes machinations of "kuromaku."
Finance Minister Shunichi Suzuki speaks to reporters in Tokyo on Tuesday.
BUSINESS / Markets / ANALYSIS
Apr 17, 2024

Why hasn't Japan moved to prop up the weak yen?

Even though the yen has already far exceeded the level that prompted action in October 2022, an intervention seems far off.
A worker inspects solar panels that provide electrical power to Istiqlal Mosque in Jakarta, Indonesia, in December 2023. High-ranking scholars and clergy have issued fatwas, or edicts, on how to rein in climate change. On a smaller scale, Muslim activists are telling their friends, family and neighbors that their duty to save the environment is embedded in the Quran.
ENVIRONMENT / Climate change
Apr 17, 2024

What can ‘Green Islam’ achieve in the world’s largest Muslim country?

Proponents of the movement say educating 200 million Muslims on environmental awareness could drive much needed change.
Yoasobi vocalist Lilas Ikuta, who goes by “Ikura,” and bandmate Ayase performed a solo set Friday night and appeared a second time as part of the American company 88Rising’s showcase Sunday at Coachella Valley Music and Arts Festival in Indio, California.
CULTURE / Music
Apr 17, 2024

A White House dinner, a slot at Coachella — Yoasobi is having a great week

J-pop's Ikura and Ayase say they had to cut their hair and learn English for a string of stateside engagements.
U.S. President Joe Biden speaks at a campaign event at the Scranton Cultural Center in Scranton, Pennsylvania, on Tuesday.
BUSINESS
Apr 17, 2024

Biden seeks higher tariffs on Chinese steel and aluminum

The president was set to reiterate that United States Steel should remain American-owned.
Finance Minister Shunichi Suzuki (left), U.S. Treasury Secretary Janet Yellen (center) and South Korean Finance Minister Choi Sang-mok meet on the sidelines of International Monetary Fund and Group of 20 meetings, at the U.S. Treasury in Washington on Wednesday.
BUSINESS / Economy
Apr 18, 2024

U.S. nods to concerns from Japan and South Korea over slumping currencies

Washington's acknowledgement of concerns may lay the groundwork for intervention, some analysts said.
Dai-ichi Life Holdings has begun to include more alternative investments in its ¥33.9 trillion portfolio, and is also looking at increasing mergers and acquisitions.
BUSINESS
Apr 18, 2024

Shifting market spurs Dai-ichi to adjust ¥33.9 trillion portfolio

The firm is cutting its holdings of domestic equities, which are surging, to avoid too much exposure to the asset class.
The IMF has singled out the U.K. and Italy alongside the U.S. and China as nations that face serious fiscal risks as debt continues to creep upward.
BUSINESS / Economy
Apr 18, 2024

U.S. and China debts pose risks for global public finances, IMF says

Public debt in China and the U.S. is projected to almost double by 2053, which could "have profound effects on the global economy," the IMF reports.
A volunteer sits near a Starlink terminal constructed for local residents at a street in Kherson, Ukraine, in November 2022.
COMMENTARY / World / Geoeconomic Briefing
Apr 23, 2024

Starlink highlights economic security challenges facing democracies

The system has stirred a variety of debates over the issue of military application of civil technology.
Arizona Coyotes fans hold up signs after the team's final game of the season on Wednesday in Tempe, Arizona.
MORE SPORTS / Ice Hockey
Apr 18, 2024

Jazz owner Ryan Smith appears to confirm Coyotes' move to Utah

Multiple media outlets reported last week that the franchise was about to be sold ahead of a move to Utah.
Pressure from the Tokyo Stock Exchange has amplified the voices of fund managers calling for listed companies to increase their valuations.
BUSINESS / Companies
Apr 18, 2024

Improved corporate governance in Japan is paying off, Amundi says

Some of the top holdings of Amundi’s Japan target strategy include Toppan Holdings, Ricoh, Shizuoka Financial Group, Kyoto Financial Group and TS Tech.
Berkshire Hathaway's latest yen debt deal is the biggest since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.
BUSINESS / Companies
Apr 18, 2024

Berkshire sells ¥263.3 billion of bonds in its biggest yen debt deal since 2019

The seven-tranche deal priced at tighter premiums than Berkshire’s deals over the past two years.
An Iron Dome missile battery site in southern Israel on April 17
WORLD / Politics
Apr 18, 2024

For Israel, Iran crisis tests limits of allies' aid and domestic unity

Rather than offering to fight for Israel as they have in the past, Western allies are suggesting that no one challenge Iran militarily just now.
Resistance to adopting digital technologies, restrictive EU regulations, and energy-price shocks are potential explanations for Europe's lagging productivity.
COMMENTARY / World
Apr 10, 2024

Why is Europe losing the productivity race?

A forthcoming report from Mario Draghi will recommend removing barriers to competition, which would intensify the pressure on firms to innovate.
One of the lawyers representing a group of doctors suing Google told a news conference that the main purpose of the lawsuit is not to seek compensation but instead to raise awareness over various problems with the Google Maps system.
JAPAN / Crime & Legal
Apr 18, 2024

In a first, Japan doctors sue Google over negative reviews on firm's map app

The suit is the first in Japan — and possibly the world — to target a platform rather than the individuals who posted the reviews, lawyers said.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference in Washington on Thursday alongside Finance Minister Shunichi Suzuki.
BUSINESS / Markets
Apr 19, 2024

BOJ's Ueda signals possible rate hike if weak yen boosts inflation

The BOJ will scrutinize how the yen's declines so far this year could affect the economy and prices, Ueda said.
The National Police Agency is planning to introduce driver's licenses for automatic transmission trucks and buses, as such vehicles accounted for about 90% of large buses and 70% of large trucks sold last year.
JAPAN
Apr 19, 2024

Japan eyes automatic transmission licenses for trucks and buses

The move comes in response to the spread of AT vehicles and the issue of driver shortages.
The average daily room rate of hotels in Japan for March marked the highest level since August 1997, as the country saw a record number of foreign visitors in March.
BUSINESS / Companies
Apr 19, 2024

Japan hotel prices near 30-year high as weak yen lures record tourists

The average daily room rate for March was about ¥20,986 ($136), the highest level since August 1997 and a nearly 20% increase from the same period in 2023.
The possibility of a deepening conflict between Israel and Iran suggests higher energy prices for energy import-dependent Japan, meaning more downward pressure for the yen.
BUSINESS / Markets
Apr 19, 2024

Oil poses more risks for yen as Japan depends on energy imports

Crude oil futures jumped on Friday following reports that Israel launched a missile strike on Iran.
The average condo price in central Tokyo's 23 wards came to ¥104.64 million in fiscal 2023, topping ¥100 million for the first time on a fiscal year basis.
BUSINESS
Apr 19, 2024

Tokyo-area condo prices hit record high for third year in a row

In central Tokyo's 23 wards, the average condo price rose 5.7% to ¥104.64 million, topping ¥100 million for the first time.
Japanese businesses traditionally all hire graduates at the same time each year, but about one in 10 recruits fresh from college quit their jobs within a year, government data shows.
BUSINESS / Tech
Apr 20, 2024

Japanese AI tool predicts when recruits will quit

The tool crunches data on employees at a company, from their attendance record to personal information such as age and gender.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at BOJ headquarters in Tokyo on March 19.
BUSINESS / Economy
Apr 20, 2024

BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising

The BOJ must maintain loose monetary policy for the time being as underlying inflation remains "somewhat below" its 2% target, Gov. Kazuo Ueda said.
Finance Minister Shunichi Suzuki speaks during an event in Washington on Thursday.
BUSINESS / Markets
Apr 20, 2024

Japan finance chief issues fresh warning on excessive yen moves

Finance Minister Shunichi Suzuki repeated his warning to investors against pushing down the yen too much.
Finance Minister Shunichi Suzuki (from left), U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok hold a trilateral meeting at the Treasury Department in Washington on Wednesday.
BUSINESS / Markets / ANALYSIS
Apr 20, 2024

Political heat prods Japan and South Korea to team up on weak currencies

The matter is all the more urgent with Middle East tensions threatening to push up oil prices and accelerate cost pressures.
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?
By Kathryn Wortley

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