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Exporters will be helped both by the stronger dollar, and also by their exposure to the U.S. economic resilience.
BUSINESS / Markets
Apr 25, 2024

Dollar wrecking ball forces investors to seek cover in exporters

Those with significant dollar earnings are set for a windfall, with major beneficiaries including heavyweight Asian chipmakers.
Shintaro Wakiyama, mayor of Genkai, Saga Prefecture, speaks to reporters last week.   Jiji
JAPAN
Apr 25, 2024

Saga town committee to OK petition to accept nuclear waste survey

The mayor of Genkai, Shintaro Wakiyama, has taken a cautious stance on the issue.
The planned extension of the Hokkaido Shinkansen to Sapporo will be delayed until after fiscal 2030 due to difficulties relating to tunnel construction, according to sources.
JAPAN
Apr 25, 2024

Hokkaido Shinkansen extension to be delayed beyond fiscal 2030

According to sources, tunnel construction for the section has proven challenging.
Masahiro Moro, CEO of Mazda Motor, speaks next to EZ-6 electric vehicles during the Beijing Auto Show in Beijing on Thursday.
BUSINESS / Companies
Apr 25, 2024

Nissan and Mazda roll out new models for China as they aim for comeback

The models, including some concept cars, were introduced at the Beijing Auto Show.
The government, and the Tokyo Stock Exchange in particular, have been pushing for better governance among the country’s 3.7 million companies.
BUSINESS / Companies
Apr 25, 2024

Japan’s retail investors care about governance too, poll shows

Investors are increasingly aware of the need to hold corporate boards and executives to high standards.
People observe a moment of silence for the victims of a JR Fukuchiyama Line train crash in Amagasaki, Hyogo Prefecture, Thursday morning on the 19th anniversary of the accident.
JAPAN
Apr 25, 2024

Victims of JR West train crash mourned 19 years on

The president of JR West and other officials observed a moment of silence at 9:18 a.m., the time of the crash, which killed 106 passengers.
Toyota's annual global sales topped 10 million units in 2023 for the first time.
BUSINESS / Companies
Apr 26, 2024

Toyota sets records for output and sales as scandals fail to dent demand

Global sales increased 5% from a year earlier to 11.1 million units, new data shows, exceeding 10 million for the first time.
The Mount Holland lithium mine is a glimpse of the future of what Western Australia hopes will be a new, greener stage of development.
BUSINESS
Apr 26, 2024

On lithium’s frontier, miners are betting on a greener second act

Despite weak prices for the metal deemed critical to energy transition, they are gearing up for a rebound in demand for batteries and electric vehicles.
Core inflation in Japan's capital slowed much more than expected in April, falling below the central bank's 2% target.
BUSINESS / Economy
Apr 26, 2024

Tokyo inflation slows sharply as education subsidy cuts outlays

A plunge in costs for public and private high schools shaved around half a percentage point from the overall figure, the internal affairs ministry said.
A woman walks past the Bank of Japan headquarters in central Tokyo on Friday.
BUSINESS
Apr 26, 2024

BOJ leaves policy unchanged despite yen’s continued weakness

Investors and market observers had been watching for whether the bank would send more hawkish signals to prop up the Japanese currency.
Takuya Hirai, head of the Liberal Democratic Party’s digital promotion working group
JAPAN
Apr 26, 2024

Facebook scams demand stricter online rules, Japan lawmaker says

Lawmakers in the Diet are considering summoning Meta Chief Executive Officer Mark Zuckerberg to testify before them regarding fake ads on Facebook.
Defense Minister Minoru Kihara said he has instructed his ministry to investigate whether or not there have been any further incidents.
JAPAN / Politics
Apr 26, 2024

Five senior SDF officers punished for mishandling secret info

They passed on secret information to personnel within their units who were not cleared to handle such data.
Members of the town assembly of Genkai, Saga Prefecture, on Friday deliberate a petition calling for a survey to examine the town's suitability for hosting a radioactive waste disposal site.
JAPAN
Apr 26, 2024

Town assembly in Saga approves petition for nuclear waste site survey

A town in Saga Prefecture has become the first host municipality for a nuclear plant to approve a petition to accept a survey for nuclear waste.
U.S. President Joe Biden gives a speech after signing into law a bill providing billions of dollars of new military aid to Ukraine at the White House on Wednesday.
EDITORIALS
Apr 26, 2024

Passing of U.S. aid package is a win for global peace

The aid for Ukraine is critical: Its military has been running short of ammunition and Russia has been exploiting its advantage to make battlefield gains.
Currency rates at an exchange shop in Tokyo on Friday.
BUSINESS
Apr 26, 2024

Yen swoons in jittery trading in wake of BOJ standing pat

The yen’s extended slump has heightened speculation that authorities may intervene in the market.
The Anegasaki gas-fired power station in Chiba Prefecture
BUSINESS
Apr 26, 2024

Rapidly weakening yen threatens higher power bills

Pricier power illustrates the far-reaching impact of the yen’s decline.
A Comac C919 during an aerial display at the Singapore Airshow at Changi Exhibition Centre in Singapore in February
BUSINESS
Apr 26, 2024

Air China to buy 100 locally made C919 jets in $11 billion deal

The planes will be delivered between 2024 and 2031, Air China said in a filing.
A monitor shows the yen's sharp decline to  ¥158 to the dollar on Saturday morning in Tokyo.
BUSINESS / Markets
Apr 27, 2024

Yen drops beyond ¥157 per dollar as BOJ keeps key rate unchanged

Japan’s currency weakened as much as 1.4% on the day and touched a session low of ¥157.79 per dollar in afternoon trading in New York.
Apple and OpenAI have begun discussing terms of a possible agreement on how some artificial intelligence features would be integrated into the next iPhone operating system, sources have said.
BUSINESS / Tech
Apr 27, 2024

Apple intensifies talks with OpenAI for iPhone generative AI features

The latest development comes about a month and a half before an Apple conference where it's poised to introduce new AI software and services.
U.S. Secretary of State Antony Blinken dines at the Nanxiang Steamed Bun Restaurant at the Yu Gardens in Shanghai on Wednesday.
ASIA PACIFIC / Politics
Apr 27, 2024

When U.S. diplomats visit China, meal choices are about more than taste buds

Visits to China by U.S. officials like Secretary of State Antony Blinken can bring fame to local restaurants, as well as scrutiny to the dignitaries.
A truck rolls off a cargo vessel docked at Esbjerg Port in Ebjerg, Denmark. European Union food imports to the U.K. are about to get more expensive and complicated as the British government implements the Brexit deal.
BUSINESS / Companies
Apr 27, 2024

Britons finally taste full Brexit as costly border checks begin

From April 30, the U.K. will impose checks on European Union food imports — a stark reversal from the pre-Brexit era of frictionless trade.
British Prime Minister Rishi Sunak speaks during a news conference, at the Downing Street Briefing Room in central London on Monday.
WORLD / Politics
Apr 27, 2024

‘Operation Save Rishi’ aims to get U.K. leader through key vote

Rishi Sunak has said that he’s putting U.K. defense spending on a "war footing.” He might as well have been talking about his own position.
An ammonia tank at JERA's Hekinan thermal power station in Aichi Prefecture. JERA is looking to invest in hydrogen and ammonia projects in the Middle East.
BUSINESS / Companies
Apr 28, 2024

Japan’s JERA looks to invest in Middle East hydrogen projects

Some of the world’s biggest planned blue ammonia plants, which capture carbon dioxide emitted in the production process, are located in the Middle East.
A key aspect of AI technology that is often forgotten is that it requires an enormous amount of energy to develop and run. And that’s where utilities come in.
BUSINESS / Tech / FOCUS
Apr 28, 2024

AI boom’s secret winners? The companies expected to power it

Across the U.S., utilities are preparing for historic increases in electricity demand led by data centers and AI.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024

Tesla CEO Elon Musk kicks off surprise trip to Beijing

Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.
Chelsea defender Alfie Gilchrist celebrates after scoring the club's sixth goal during their English Premier League football match against Everton on April 15.
COMMENTARY / World
Apr 25, 2024

Arsenal? Liverpool? Chelsea? Help me pick my 'football' team

This writer’s been in England for six years. It’s time he backed a club.
When trying to trace your lineage in Japan, the "koseki" is the most important form of document you'll encounter.
JAPAN / Society / Longform
Apr 29, 2024

Climbing the branches of a Japanese family tree

Among official records in Japan, the "koseki" is key to discovering where you came from. However, it's not without controversy.
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
BUSINESS / Markets
Apr 29, 2024

Yen rebounds strongly after first slide past ¥160 since 1990

Japan's top currency official declined to comment on Monday, when asked if authorities in Tokyo had intervened in the currency market to prop up the yen.
Then-U.S. President Donald Trump announces Jerome Powell as his nominee to become chairman of the U.S. Federal Reserve in the Rose Garden of the White House in Washington in November 2017.
BUSINESS / Economy / FOCUS
Apr 29, 2024

Trump’s economic confidants battle for sway on taxes and Fed policy

For months, the Trump campaign has been trying to rein in proposals from various factions with limited success.
Lawmakers and TikTok creators during a news conference outside the U.S. Capitol in Washington on March 12
BUSINESS
Apr 29, 2024

TikTok creators brace for economic blow thanks to possible U.S. ban

TikTok has become an essential platform for small business starting out in the U.S., one eMarketer analyst said, as a ban on the social media app looms.

Longform

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