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November 23, 2024
 

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Chinese electric vehicles bound for shipment at the Port of Taicang in China
BUSINESS / Tech
May 30, 2024

EU seeks roadblocks for Chinese EVs without sparking trade war

Crucially, the bloc must strike a balance with its aim for more Europeans to drive EVs as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Entrepreneur Lee Hee-tae at his office in Seoul. Lee had planned South Korea's largest sex festival in April, but the two-day event was banned by authorities following a backlash by local rights groups.
ASIA PACIFIC / Society
May 30, 2024

Pervert or pioneer? The entrepreneur trying to get South Korea into porn

The South Korean adult content industry produces around 2,000 adult movies a year, compared with Tokyo's 2,000 a day $36.5-billion-dollar behemoth.
Australia's Josh Hazlewood, Pat Cummins and Mitchell Starc celebrate with the trophy after winning the ICC Cricket World Cup in November 2023. Australia will try to complete a rare treble of titles when the T20 World Cup begins in June.
MORE SPORTS / Cricket
May 30, 2024

Australia will chase historic treble at T20 World Cup

Australia will be aiming to become the first team to possess all three of cricket's global titles at the same time.
Magnetic paper train tickets have been in use in Japan since the late 1960s.
BUSINESS / Companies
May 30, 2024

Eastern Japan rail operators to introduce QR code tickets by March 2027

JR East and seven other railway operators will replace their decades-old magnetic ticketing system to improve efficiency and sustainability.
Ever since the Bank of Japan ended its negative rate policy, calls for the government to strengthen its fiscal discipline have been growing, with the country being haunted by public debt that is about twice the size of its gross domestic product.
BUSINESS / Economy / FOCUS
May 30, 2024

Two cheers for the end of free money in Japan

Corporations are better prepared for more expensive money than they were in the past, with strong balance sheets and a better understanding of risk.
Toyota's global sales, including those of subsidiaries Daihatsu and Hino, fell 4.5% last month from a year earlier to 835,788 vehicles.
BUSINESS
May 30, 2024

Toyota sales and output fall on Prius recall and dip in China

Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, fell 4.5% last month from a year earlier.
A bid-rigging case represents the first time the Japan Fair Trade Commission has issued a cease-and-desist order order over a project related to the COVID-19 pandemic.
BUSINESS
May 30, 2024

FTC issues cease-and-desist orders to JTB and other travel agencies

It is the first time the antitrust watchdog has issued such an order over a project related to the COVID-19 pandemic.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024

Kishida government's much-touted tax cut to start in June

The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
Consumer prices excluding fresh food rose 1.9% in May in the capital, internal affairs ministry data showed Friday.
BUSINESS / Economy
May 31, 2024

Tokyo inflation picked up in May, keeping BOJ on track for rate hike

The capital's inflation figures typically serve a indicator for national trends, suggesting a similar acceleration is likely for the rest of Japan.
Former U.S. President Donald Trump gestures following the announcement of the verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence adult-film actress Stormy Daniels in 2016, outside Trump Tower in New York City on Thursday.
WORLD / Crime & Legal / ANALYSIS
May 31, 2024

Trump guilty verdict adds twist to 2024 race: a convicted felon

While such a development may change the trajectory of the presidential race, few experts are confident it will.
Transport minister Tetsuo Saito speaks to reporters at the Prime Minister's Office on Thursday after meeting Prime Minister Fumio Kishida.
JAPAN
May 31, 2024

Government defers decision on ride-hailing services

Some officials from the transport ministry and Komeito are strongly opposed to fully lifting the current ban.
Tomohide Miyata, who became Eneos Holding's CEO in April
BUSINESS / Companies
May 31, 2024

Eneos seeks female directors in wake of harassment scandals

Japan's top oil refiner has nominated four women and seven outside directors to be elected by shareholders to a smaller 10-seat board.
Ashwani Gupta, then-chief operating officer of Nissan, in April 2023
BUSINESS / Companies
May 31, 2024

Nissan paid ex-COO $3.7 million to quit after sexual harassment claims

Ashwani Gupta's compensation figure for leaving the company is now public in a notice of the annual shareholders’ meeting, which showed he will also receive allowances.
Chief Cabinet Secretary Yoshimasa Hayashi (left) addresses a meeting of ministers involved in compiling a policy to revise the system for foods with function claims, held at the Prime Minister's Office on Friday.
JAPAN
May 31, 2024

Japan to overhaul foods with function claims system

The overhaul plan will make it mandatory for companies to promptly report health issues related to foods with function claims to authorities to prevent spread.
As mind-numbingly big as the clean-energy price tag may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
COMMENTARY / World
May 31, 2024

$215 trillion to save the planet is a bargain

And as mind-numbingly big as $215 trillion may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
South Korean President Yoon Suk-yeol addresses the Korea Chamber of Commerce and Industry in Seoul on Monday as Prime Minister Fumio Kishida and Chinese Premier Li Qiang listen on.
EDITORIALS
May 31, 2024

A long-neglected trilateral resumes — to expected results

Revival of this trilateral has been driven by Chinese uncertainty: worries about its economy and anxiety regarding geopolitical developments.
A monitor showing the Nikkei 225 index and the yen exchange rate in Tokyo. The yen is expected to remain under pressure given the yawning gap between interest rates in Japan and the U.S.
BUSINESS / Economy
Jun 1, 2024

Japan spent record ¥9.8 trillion to prop up yen in past month

The record spending on intervention shows the government’s resolve to push back against speculators betting against the yen.
The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
BUSINESS / Economy
Jun 1, 2024

The dollar’s rally falters as signs of cooling ease Fed fears

The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
DMM Bitcoin said it would replace customers' lost bitcoin deposits with the help of other group companies.
BUSINESS / Tech
Jun 1, 2024

Japan's DMM Bitcoin says over ¥48 billion of cryptocurrency lost

It gave no details of how the incident occurred or whether an outside party had been involved, but said that it was investigating.
The National Diet Building in Nagatacho, Tokyo. The guidelines, to be released as early as this month, are expected to include measures to ensure that higher costs are reflected in product and service prices.
JAPAN
Jun 1, 2024

Japan to highlight resolve to defeat deflation

According to a draft, the government will aim to build a sustainable economy and society while resolving social problems the country faces.
Former U.S. President Donald Trump delivers remarks at Trump Tower in New York on Friday. Some Republican strategists say they believe the news of Trump's conviction will have little influence on voters' thinking by Nov. 5.
WORLD / Politics
Jun 1, 2024

Some Republicans less likely to vote for Trump after guilty verdict, poll finds

The election is still more than five months away, however, meaning much could change between now and Nov. 5.
Wang YunHe's residence in Singapore, overlooking the country's premier shopping belt.
ASIA PACIFIC / Crime & Legal
Jun 1, 2024

Singapore wealth flows face new scrutiny in superhacker case

The case is a reminder of the difficult balancing act faced by Singapore and other financial hubs as they push to attract the world’s ultra rich.
U.S. Secretary of Defense Lloyd Austin speaks during the IISS Shangri-La Dialogue in Singapore on Saturday.
ASIA PACIFIC / Politics
Jun 1, 2024

U.S. defense chief stresses commitment to Asia as concerns mount

U.S. Defense Secretary Lloyd Austin said Washington was focused on the region even as the White House grapples with the conflicts raging in Ukraine and Gaza.
Greek-flagged bulk cargo vessel Sea Champion is docked to the port of Aden, Yemen to which it arrived after being attacked in the Red Sea in what appears to have been a mistaken missile strike by Houthi militia, in February.
ENVIRONMENT / Climate change
Jun 1, 2024

How Red Sea disruptions are driving up carbon emissions

A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, driving up emissions.
In addition to the supply shortages, the yen's depreciation is also blamed for the recent surge in orange juice prices in Japan, which relies almost entirely on imported orange juice.
BUSINESS / Companies
Jun 2, 2024

Orange juice crisis hits consumers in Japan

Supply shortages have forced many Japanese makers to suspend sales of orange juice products.
A Starliner spacecraft sits atop an Atlas V rocket for a test flight in 2021.
WORLD
Jun 2, 2024

Boeing’s long-awaited crewed mission aborted just before liftoff

The next launch opportunities are June 5 and June 6, NASA said in a blog post.
Former U.S. President Donald Trump departs after delivering remarks at Trump Tower in New York on Friday.
WORLD / Politics
Jun 2, 2024

Biden's big weakness vs Trump: Voters without college degrees

Such results help set the stage for what national opinion polls show is a tied race between Biden and Trump.
Chinese Defense Minister Dong Jun speaks at the Shangri-la Dialogue security conference in Singapore on Sunday.
ASIA PACIFIC / Politics
Jun 2, 2024

A tale of two narratives: China and U.S. defense chiefs agree to disagree

Dong Jun, China’s first naval officer to be named defense minister, also took aim at U.S. allies in a speech at the Shangri-La Dialogue.
Toshimitsu Motegi
JAPAN
Jun 2, 2024

LDP's Motegi calls for fully opening up ride-hailing market

Starting in April, ride-hailing services are allowed in some parts of the country, but operators of such services are limited to taxi companies now.
A supporter of former President Donald Trump protests in Palm Beach, Florida, after the guilty verdict over falsifying business records was announced on Thursday.
COMMENTARY / World
Jun 2, 2024

Why Republicans go crawling back to Donald Trump

Donald Trump has been convicted on 34 felony counts of falsifying business records. But this is unlikely to make much difference to the Republican Party. Not only is he still the GOP’s presumptive presidential nominee; Republicans have repeatedly proved perfectly willing to forgive his indiscretions,...
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.
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.
Man charged with murder allegedly made victim date other men for money
A car carrying suspect Ryotaro Masuda, who was indicted for allegedly beating his 25-year-old girlfriend to death, leaves the Shibuya Police Station in Tokyo on Thursday.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ex-yokozuna Kitanofuji dies at 82
Yokozuna Kitanofuji enters the ring during the May 1970 grand sumo tournament in Tokyo.
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.

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

SUSTAINABLE JAPAN

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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