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November 23, 2024
 

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Chinese leader Xi Jinping with French President Emmanuel Macron in France in May. As part of a charm offensive, Xi visited France and other European countries in the spring.
COMMENTARY / Japan / Geoeconomic Briefing
Jul 1, 2024

Expectations vs. reality of Xi Jinping's charm offensive

Beijing is trying to win back favor in several countries to tackle its economic woes, with Xi courting bilateral relations with leaders in Europe and beyond.
Yohei Kono, leader of a Japanese delegation to promote economic ties with China (left), speaks with Chinese Vice Premier He Lifeng in Beijing on Monday.
JAPAN
Jul 2, 2024

Japan group shows concerns about safety of Japanese in China

The delegation leader asked China to identify whether the Suzhou knife attack last week specifically targeted Japanese nationals.
A city street in Kyoto crowded with tourists in April. American tourists headed for Japan have surged this year, according to data from the International Trade Administration.
BUSINESS
Jul 2, 2024

More American tourists head to Japan as battered yen beckons

Airlines are also moving in tandem with this trend, adding 9% more seats between the United States and Japan in the three months through August.
A Chinese worker organizes plastic doll heads after painting them at a toy factory in Xietang, Zhejiang Province, China, in 2015.
BUSINESS / Markets
Jul 2, 2024

China’s plastics boom is set to create another trade headache

Parts of the country’s sprawling petrochemicals sector are running at as little as half capacity as producers cut back.
Elliott Investment Management's sizable stake in Sumitomo reflects a growing shareholder activism in Japan.
BUSINESS / Companies
Jul 2, 2024

Activist investor campaigns hit record high, driven by Japan

The number of new activists campaigns totaled 147, up 7% from 138 in the same period in 2023 and 29% above the five-year average.
Japan's Universal Entertainment is dropping a plan to buy PH Resorts' gaming project in the central Philippines.
BUSINESS / Companies
Jul 2, 2024

Japan's Universal scraps plan to buy central Philippines casino

Shares in PH Resorts slumped as much as 29% to a nine-month intraday low following the disclosure.
The supply of super-long Japanese debt is projected to total almost ¥30 trillion in the fiscal year that started on April 1.
BUSINESS / Markets
Jul 2, 2024

Big risks hound Japan’s longest bonds despite move to cut supply

Japan's government appears to be striving to calm down a market that’s wracked by rising yields.
The Otemachi One Tower building, which houses the Norinchukin Bank head office, in Tokyo.
BUSINESS / Companies
Jul 2, 2024

Norinchukin is at risk of downgrade by Moody’s on bond losses

The unlisted agricultural bank warned last month that it may incur losses of ¥1.5 trillion ($9.3 billion) this fiscal year.
Shareholders enter a venue for an annual general meeting of Mitsubishi UFJ Financial Group held in Tokyo's Minato Ward on Thursday.
BUSINESS / Companies
Jul 3, 2024

Japan marks record high number of individual shareholders in fiscal 2023

The increase reflected stock price rises and a decrease in investment units due to stock splits, which made it easier for individuals to buy shares.
Kadokawa is investigating the authenticity of a claim by hackers, who stole data from the firm through a cyberattack, that they leaked additional stolen information.
JAPAN / Crime & Legal
Jul 3, 2024

Hackers behind Kadokawa cyberattack claim new info leak

The company said it is investigating the authenticity of the claim, and called on people not to share any such data on social media.
Onosato (left) participates in a training session last month in Ami, Ibaraki Prefecture.
SUMO / INSIDE SUMO
Jul 3, 2024

Nagoya ranking list marks the end of one sumo era and the start of another

This month marks the final sumo tournament for Nagoya's Dolphins Arena, and the rankings list could look very different when the new venue opens next year.
Several examples of rare and expensive fruits at Melissa’s Produce in Los Angeles on May 22.
BUSINESS
Jul 3, 2024

The world of luxury fruit: Does a $156 melon taste sweeter?

The United States is developing an appetite for luxury fruits long known in countries like Japan and South Korea.
Shoppers inside the Nike House of Innovation store on Fifth Avenue in New York on Friday
BUSINESS / Companies
Jul 3, 2024

Nike plots $100 sneaker line as shares plunge in worst-ever drop

Nike shares slumped, ending the day down 19.98%, the biggest one-day percentage drop in the stock's history.
Goldman Sachs Group has hired former Bank of Japan chief economist Akira Otani as senior Japan economic adviser and managing director.
BUSINESS / Companies
Jul 3, 2024

Goldman Sachs hires former BOJ chief economist Akira Otani

Otani has joined the Wall Street bank’s securities arm in Tokyo as senior Japan economic adviser and managing director.
The Finance Ministry and the National Tax Agency in Tokyo's Kasumigaseki district
BUSINESS
Jul 3, 2024

Japan's tax revenue sets another record amid a weak yen and inflation

Even with the tax revenue gains, however, Japan’s fiscal plight is severe.
Workers' monthly pay will rise 5.1% on average this fiscal year, according to a survey of companies conducted since March by union group Rengo.
BUSINESS
Jul 3, 2024

Firms deliver biggest pay hikes in 33 years, union survey shows

Workers' monthly pay will rise 5.1% on average this fiscal year, according to union group Rengo.
U.S. President Joe Biden has seen Republican Donald Trump take a lead of six points, according to two prominent national polls, intensifying pressure on the beleaguered Democratic incumbent to drop out of the presidential race.
WORLD / Politics
Jul 4, 2024

Biden struggles to contain mounting pressure to drop out of race

Numerous Democratic lawmakers are contemplating signing a letter urging Biden to withdraw from the race, according to a senior party official.
British Prime Minister Rishi Sunak campaigns at a Conservative Party general election campaign event at the National Army Museum in London on Tuesday.
WORLD / Politics
Jul 4, 2024

U.K. wipeout would leave Tories still divided, analysis shows

The Conservative Party that emerges from Thursday’s nationwide vote will likely retain a similar split between centrists and right-wingers as it had before.
An electronic board in Tokyo shows the Topix stock index on Thursday morning. The index ended the day at 2,898.47, a record high exceeding that set in December 1989.
BUSINESS / Markets
Jul 4, 2024

Japan's main stock indexes close at record highs

Shares of automakers, banks and technology firms led the gains on the emergence of a robust corporate outlook for the latter half of 2024.
On Monday, the U.S. Supreme Court ruled that former President Donald Trump has some immunity from election interference charges, though most of the charges are likely to stand.
COMMENTARY / World
Jul 4, 2024

Hold up, Trump is still in serious legal trouble

Most of the election interference case against Trump stems from 'unofficial' acts not shielded from prosecution by the U.S. Supreme Court ruling on presidential immunity.
The Tokyo Stock Exchange building in Tokyo
BUSINESS / Companies
Jul 4, 2024

Shareholder revolts in Japan put proxy advisory firms in the hot seat

Two proxy advisory firms are having a moment as thinking around corporate governance in Japan undergoes a gradual shift.
Workers collect detritus after the Britain's Glastonbury Festival on Monday.
ENVIRONMENT / Sustainability
Jul 4, 2024

Music festivals seek greener footprint

The world's top 1,000 DJs took 51,000 flights in 2019, equivalent to 35,000 tonnes of CO2 emissions, according to climate group Clean Scene.
Lufthansa planes in Frankfurt on March 7
BUSINESS
Jul 4, 2024

EU's airline deal demands fuel doubts over further attempts

While the deal expands Lufthansa's footprint in southern Europe, the combined group will have to cede some routes and slots to rivals for it to proceed.
Ukrainian First Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko speaks during an interview in Kyiv on Wednesday.
BUSINESS
Jul 4, 2024

Ukraine eyes investment deal with Japan by year-end

A new bilateral tax treaty is expected to enter into force in January next year, according to the Ukrainian government.
BYD electric vehicles before being loaded onto the "BYD Explorer No.1" roll-on, roll-off vehicle carrier in Jiangsu province, China, on April 25.
BUSINESS / Markets
Jul 5, 2024

China-built EVs hit with duties in biggest EU trade case yet

The tariffs remain provisional while intensive talks continue between Chinese and EU officials as Beijing threatens wide-ranging retaliation on European products.
A monitor in Tokyo shows Japan's two major stock indexes hitting new highs on Thursday.
BUSINESS / Markets
Jul 5, 2024

Investors hunt for Trump-win trades in Japan's stock market

The Topix index gained almost 30% in dollar terms in the year after the 2016 U.S. presidential election that Trump won, beating the S&P 500 and the MSCI World index.
The People's Bank of China building in Beijing on May 29
BUSINESS / Markets
Jul 5, 2024

China's central bank readies bonds to sell by tapping major banks

The bank said it has hundreds of billions of yuan worth of medium- and long-term bonds at its disposal to borrow.
A humanoid robot to be used by West Japan Railway for maintenance operations
BUSINESS / Companies
Jul 5, 2024

Japan deploys humanoid robot for railway maintenance

The machine can use various attachments for its arms to carry objects, hold a brush to paint or use a chainsaw.
Japanese household spending unexpectedly fell in May as higher prices continued to squeeze consumers' purchasing power.
BUSINESS / Economy
Jul 5, 2024

Japan’s household spending falls, clouding growth outlook

The yen's slide is expected to further raise prices for imported raw materials, energy, and food.
OpenAI Chief Operating Officer Brad Lightcap speaks at a news conference on the opening of the Japan office in Tokyo in April.
BUSINESS / Companies
Jul 5, 2024

Japanese companies lag in AI adoption, white paper says

The white paper also urged action against fake online ads.
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.
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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