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November 23, 2024
 

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An Afghan woman carries empty containers to fetch water in Balkh province, Afghanistan, in August 2023.
WORLD / Politics
Jun 24, 2024

U.N.-led Doha meeting with Taliban sparks outcry over women's rights

The U.N. has been seeking a unified, international approach to dealing with the Taliban, who have cracked down on women's rights since returning to power.
The Bank of Japan debated the chance of a near-term interest rate hike during its policy meeting in June.
BUSINESS / Economy
Jun 24, 2024

BOJ debated need for timely rate hike at June meeting, summary shows

One Bank of Japan policymaker called for an increase without delay to address risks of inflation overshooting expectations.
Exports from New Zealand to the U.S. rose to a record $5.4 billion in the 12 months through May.
BUSINESS / Markets
Jun 24, 2024

U.S. usurps Australia as New Zealand’s No. 2 export market

Exports to the U.S. rose to a record 8.8 billion New Zealand dollars ($5.4 billion) in the 12 months through May.
For Japan, carbon credits are seen as important as the nation waits for its climate technology bets to pay off.
BUSINESS / FOCUS
Jun 24, 2024

Japan makes a late play on under-fire carbon credit trading

The government and Japanese companies see carbon offsets as important as they wait for their climate tech bets to pay off.
Philippine Defense Secretary Gilbert Teodoro speaks during the opening session of the Association of Southeast Asian Nations defense ministers' meeting in Jakarta last November.
ASIA PACIFIC / Politics
Jun 24, 2024

Philippines says China deliberately used 'illegal force' disrupt resupply mission

The Philippines' defense cheif said last week's maritime incident, which injured a sailor, was neither a misunderstanding nor an accident.
The Bank of Japan headquarters in Tokyo on June 12
BUSINESS / Markets
Jun 24, 2024

Yen nears lows as Bank of Japan leans dovish

The BOJ has suggested in recent weeks that it might not hurry in tightening monetary policy, unsettling the market.
LINE, the app at the center of a tug-of-war for control. Line was introduced in Japan in 2011 by Naver, the operator of South Korea’s leading search engine.
BUSINESS / Tech
Jun 24, 2024

Japan and South Korea are fighting over an app at a tense time

Leaders on both the Japanese and South Korean sides appear determined to prevent the quarrel over Line from escalating.
The Japanese national flag waves at the Bank of Japan building in Tokyo on March 18.
BUSINESS
Jun 24, 2024

Moody's Japan analyst urges reform while BOJ takes time to raise rates

Christian de Guzman said he did not expect the budget-balancing target for fiscal 2025 to be met, but failure would not trigger a negative rating action.
Turbines at a wind farm in Suttsu, Hokkaido. A renewable energy initiative called on Japan to triple its capacity of clean electricity.
BUSINESS / Economy
Jun 25, 2024

Japan urged to triple renewables capacity by 2035

The world's fourth-largest economy is heavily reliant on fossil fuels
Traders say a slump of the yen as far as ¥170 per dollar is possible despite looming intervention risks.
BUSINESS / Economy
Jun 25, 2024

Forget ¥160 — traders see currency falling as far as ¥170 against dollar

The yen is at risk of sliding to levels last seen in 1986, with traders unfazed by the specter of government intervention.
A BYD Seal electric sedan displayed in Tokyo on Tuesday
BUSINESS / Companies
Jun 25, 2024

BYD releases third EV in Japan as sales struggle to take off

Overall, BYD's sales in Japan fell 26% in April from a year earlier, and 28% in May.
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector.
BUSINESS / Markets
Jun 25, 2024

China’s rich spend millions on Shanghai property, bucking crisis

It’s the only one among the country’s mega cities that still attracts people to put down money in an asset class that has otherwise been abandoned.
Travelers in front of a Suntory duty-free shop at Kansai International Airport in December
BUSINESS
Jun 25, 2024

Duty-free sales at Japan's department stores tripled in May

Record sales were achieved with the help of a significant influx of Chinese tourists and the yen’s weakness.
Workers assemble second-generation R1 vehicles at electric carmaker Rivian's manufacturing facility in Normal, Illinois, on Friday.
BUSINESS / Companies
Jun 26, 2024

Volkswagen's $5 billion investment in Rivian boosts EV maker's shares

The investment will provide Rivian the funding necessary to develop its less expensive and smaller R2 SUVs, and help it turn cash-flow positive.
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore in July 2019.
BUSINESS / Economy / ANALYSIS
Jun 26, 2024

Singapore port congestion shows global impact of Red Sea attacks

Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia.
Nvidia, the darling of the artificial intelligence boom, gained 6.8% on Tuesday, rebounding from a recent selloff that erased $430 billion of its market value.
BUSINESS / Markets
Jun 26, 2024

Ignore the ‘AI revolution’ at your own peril, investors warn

While a recent selloff in shares of chipmaker Nvidia may have fueled fears of an AI bubble, the correction is barely visible, some say.
This screen grab taken from video posted on the WikiLeaks X account on Tuesday shows WikiLeaks founder Julian Assange looking out the window of a private jet as he flies from London to Saipan in the Northern Mariana Islands after reaching a plea deal with the U.S. authorities.
WORLD / Crime & Legal / FOCUS
Jun 26, 2024

Assange walks free, but plea deal sets a chilling precedent

The Committee to Protect Journalists says the prosecution had grave implications for journalists and press freedom worldwide.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Jun 26, 2024

A third of Bank of Japan watchers expect July interest rate hike

Whatever the outcome in July, the survey results show there will be intense interest with possible market volatility ahead of the policy board meeting.
Shareholders at Toyota's annual general meeting, held in Toyota, Aichi Prefecture, on June 18
BUSINESS / Companies
Jun 26, 2024

Toyota chair's pay raised to $10 million despite safety probe

The total made Akio Toyoda the highest paid Japanese executive for a third straight year.
China Coast Guard personnel aboard rigid hull inflatable boats (in black) during a confrontation with Philippine Navy personnel near the Second Thomas Shoal in disputed waters of the South China Sea on June 17
ASIA PACIFIC / FOCUS
Jun 26, 2024

China’s ax-wielding coast guard tests limits in South China Sea

The Philippines Armed Forces called the June 17 moves by China a "brutal assault" and said the Chinese sailors acted like pirates.
An Aeon store in Yokohama in 2022. Aeon currently employs about 1,500 specified skilled workers group-wide.
BUSINESS / Companies
Jun 26, 2024

Aeon to ramp up hiring of foreign workers under specified skills visa framework

The retail giant is planning to employ 4,000 foreign workers with specified skilled worker visas by 2030 amid a labor shortage.
The yen fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
BUSINESS
Jun 26, 2024

Yen’s tumble to weakest since 1986 boosts risk of intervention

The Japanese currency fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
The No. 4 and No. 5 units of Jera's Hekinan thermal power station in Aichi Prefecture on March 13
BUSINESS / Companies
Jun 26, 2024

Jera ends ammonia co-firing trial with positive results

The firm said that nitrogen oxides levels were no higher than when firing coal alone.
Japan’s Economy, Trade and Industry Minister Ken Saito (left), U.S. Commerce Secretary Gina Raimondo (center) and South Korea’s Minister of Trade, Industry and Energy Ahn Duk-geun in Washington on Wednesday
BUSINESS / Economy
Jun 27, 2024

U.S., Japan and South Korea vow strategic cooperation

"We're doubling down our efforts to work together," U.S. Commerce Secretary Gina Raimondo said.
Akimasa Nihongi, who spoke about his experience as a victim of sexual assault by Johnny Kitagawa, the late founder of the eponymous talent agency, said in a video message that victims who report their abuses are often subject to slander and harassment.
JAPAN / Crime & Legal
Jun 27, 2024

Ex-member of Johnny's calls for victim protection at U.N. panel

Akimasa Nihongi said measures ought to be put in place to protect victims from slander and harassment after they go public with abuses.
The share of stocks and investment trusts in Japanese household assets rose to a record high of 19.7% at the end of March.
BUSINESS / Economy
Jun 27, 2024

Japan inflation spurs record shift to household assets in stocks

Households have been coping with a surge in inflation over the past two years.
The rate of the yen against the dollar displayed in the trading room at foreign exchange brokerage Gaitame.com in Tokyo on Thursday.
BUSINESS / Markets
Jun 27, 2024

Yen taken back to the '80s by messaging missteps and loss of confidence

Some analysts see the speculative fever as unsustainable, and that any signs of U.S. inflation falling faster than expected could allow a dramatic comeback.
Sharp holds an annual general shareholders meeting at its headquarters in Sakai, Osaka Prefecture, on Thursday.
BUSINESS / Companies
Jun 27, 2024

Sharp vows to achieve profitability at annual meeting

Sharp will "engage in selection and concentration, and invest in unique products," the executive vice president said at a shareholder meeting in Sakai, Osaka Prefecture.
The rate of the yen against the U.S. dollar is displayed in Tokyo on Thursday.
BUSINESS
Jun 27, 2024

Foreign funds sell Japan’s stocks, longest run in 15 months

Foreign investors sold net ¥21.4 billion ($133 million) of cash equities in the week that ended June 21.
A rare earths plant owned by Neo Performance Materials in Sillamae, Estonia
BUSINESS / FOCUS
Jun 27, 2024

In race to regain rare earth glory, Europe falls short on mineral goals

EU demand for rare earths is forecast to soar sixfold in the decade to 2030 and sevenfold by 2050.
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.
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.
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.”
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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