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JPMorgan Asset has wagers that profit when the yield gap between shorter and longer-term Japanese bonds narrows, and is among those mapping out the BOJ’s next policy step after a wild week of trading.
BUSINESS / Economy
Aug 10, 2024

JPMorgan Asset gameplans for risk BOJ hikes are done this year

"It’s pretty clear that the Bank of Japan is not going to move until markets settle down,” said the head of global rates at the firm.
The Taiwan Semiconductor Manufacturing Company facility in Phoenix. The tech giant modeled its facility in Phoenix on one at home. But bringing the company's highly complex manufacturing process to America has been a bigger challenge than it expected.
BUSINESS / Companies
Aug 10, 2024

What works in Taiwan doesn’t always work in Arizona, a chipmaking giant learns

Bringing TSMC's highly complex manufacturing process to America has been a bigger challenge than it expected.
Bank of Japan Gov. Kazuo Ueda speaks during a news conference after the central bank's policy meeting in Tokyo on July 31.
BUSINESS
Aug 11, 2024

BOJ’s policy path fraught with risks after global market turmoil

Markets erupted with volatility within days of a BOJ rate hike on July 31.
The gold medal of Lim Si-hyeon of South Korea, after the Women’s Individual Archery competition at the Olympic Games Paris 2024, on Aug. 3
BUSINESS / Markets
Aug 12, 2024

Olympic gold medals are worth more than ever after cost of metals surged

The medals contain six grams of gold, the price of which soared to a record in mid-July.
A woman checks her phone as she stands amid the rubble of a building destroyed during Israeli bombardment in Gaza City's Sheikh Radwan neighborhood on Sunday.
WORLD
Aug 12, 2024

In Gaza, keeping the internet on can cost lives but also save them

Preserving the war-torn territory's internet connection comes at a price and the risks can be deadly for desperate users.
What are known as yen carry positions in the international monetary market appear to have been rapidly unwound as the yen has rallied about ¥20 per dollar in about a month after hitting a 37-year low.
BUSINESS / Markets
Aug 12, 2024

Yen carry positions rapidly unwound amid recent yen rally

In the yen carry trade, investors borrow yen funds at low interest rates and sell them for other currencies with higher interest rates.
Power lines on the highway between Shanghai and Suzhou, China, on Oct. 23, 2023
BUSINESS / Tech
Aug 12, 2024

China rapidly expands battery fleet but needs to start using it

China’s new energy storage capacity jumped to 44 gigawatts at the end of June, a 40% increase from the start of the year.
Aeon has said that it will do its best to achieve the early release of a Japanese employee in Myanmar who was just given a one-year prison term.
JAPAN / Crime & Legal
Aug 12, 2024

Japanese employee of Aeon given one-year prison term in Myanmar

Hiroshi Kasamatsu had been charged with violating a law on daily necessities and services by selling rice at prices higher than levels set by the military regime.
California Assemblymember Dr. Jasmeet Bains, the first Sikh-American politician to be elected in the California State Legislature, poses for a picture with fellow assembly member Sharon Quirk-Silva while attending a luncheon gathering in Artesia, California, on June 8.
WORLD / Politics
Aug 13, 2024

Some U.S. Sikhs fear Modi government is threatening them

Some Sikhs in the U.S. described experiencing online harassment and surveillance at their homes.
The city of Yangon in July
JAPAN
Aug 13, 2024

Japan supermarket director detained in Myanmar released: junta

Hiroshi Kasamatsu, 53, director of Aeon Orange, which runs several supermarkets in Myanmar, was detained following an investigation into rice mills and supermarkets.
The Kremlin in Moscow on Monday
WORLD / Politics
Aug 13, 2024

Billions in dollar and euro notes reach Russia despite sanctions

Russia has managed to circumvent sanctions blocking cash imports, suggesting that dollars and euros remain useful tools for trade and travel.
An unmanned cargo aircraft developed by Sichuan Tengden Sci-tech Innovation takes part in a maiden flight at an airport in Zigong, Sichuan province, China, on Sunday.
BUSINESS / Tech
Aug 13, 2024

China test-flies biggest cargo drone as low-altitude economy takes off

China's civilian drone makers are testing larger payloads as the government pushes to build a low-altitude economy.
Afghan girls weave a carpet at their house in Kabul on July 20.
WORLD / Politics
Aug 13, 2024

Three years after Taliban's return, economic woes loom large

While security has improved, many Afghans are just trying to make ends meet.
Designed by Bob Foundation in collaboration with Sugita Ace, the Sonaete series of disaster preparedness kits are packaged in bags, boxes and pouches that look attractive in homes.
LIFE / Style & Design / ON: DESIGN
Aug 13, 2024

Stylish emergency goods can save precious seconds when disaster strikes

Eye-catching go bags, canary-inspired whistles and more aesthetically pleasing emergency preparedness items you'll want to keep within arm's reach.
A monitor shows an increase in the 225-issue Nikkei average, in Tokyo on Tuesday.
BUSINESS / Markets
Aug 13, 2024

Nikkei surges 3.5% on return from holiday as weak yen supports

The Nikkei average ended the day at the session's peak of 36,232.51, trading higher in the last 40 minutes of trading.
A Bank of Japan report said input prices for firms gained 3.0% from a year earlier.
BUSINESS / Economy
Aug 13, 2024

Japan’s producer inflation quickens for sixth straight month

The increase reflected rising prices of materials due to a weaker yen and the suspension of subsidies to ease the impact of higher electricity and gas prices.
The WisdomTree Japan Hedged Equity Fund saw an outflow of more than $400 million last week, the most since 2018.
BUSINESS / Markets
Aug 13, 2024

Yen-hedged ETF suffers exodus of cash from carry-trade fiasco

The fund’s cash withdrawal last week now puts it on pace for its worst month of outflows since December 2018, though it still has a positive haul overall for the year.
NATO Secretary-General Jens Stoltenberg (second right) takes part in the inauguration ceremony for the Deep Tech Lab - Quantum in Copenhagen on Sept. 29.
COMMENTARY / World
Aug 13, 2024

The growing strategic race in emerging technologies

Japan’s security and trading partners are increasingly serious about developing quantum capabilities. Japan has to do more to both keep pace.
Following the Paris Olympics, two swimming pools, the climbing wall and the skateboard parks are set to be dug out and moved — most of them to the poverty-stricken Seine-Saint-Denis suburb northeast of Paris.
OLYMPICS
Aug 14, 2024

Olympics infrastructure and equipment heads for 'second life' post-Games

Over decades, the world's biggest sporting event has forged a reputation for monumental waste, but Paris organizers are hoping to change that.
JPMorgan Asset Management (Japan) President Shoichi Okoshi speaks during an interview in Tokyo in July.
BUSINESS / Companies
Aug 14, 2024

JPMorgan wants a 30% female exec ratio in Japan

The Japanese affiliate of U.S. financial giant JPMorgan Chase plans to adopt the threshold within several years
Former Kobayashi Pharmaceutical President Akihiro Kobayashi, currently director in charge of compensation, speaks during a news conference in Osaka earlier this month.
BUSINESS / Companies
Aug 14, 2024

Chinese shoppers’ infatuation with Japanese brands wears thin

The backlash is reminiscent of last year’s outcry over the Fukushima wastewater release
Henry VIII had to deal with xenophobic mobs in England too — and he did so harshly and imperfectly. But there’s an abiding lesson to be learned.
COMMENTARY / World
Aug 14, 2024

The U.K. riots and an evil day 500 years ago in London

The enmity focused on the foreign-born may have been sparked by misinformation, but that doesn’t disguise the fact that the tinder was waiting to be lit in Britain.
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference on May 6 in Beverly Hills, California.
BUSINESS / Companies
Aug 15, 2024

Musk’s free speech mantra collides with crackdowns on hate speech and disinformation

Since taking over, Musk has largely abandoned X’s prior efforts to curb misinformation, instead asking users to police themselves.
Major Japanese restaurant chains posted solid earnings for the first half of the year or the quarter ended in June, as price increases boosted per-customer spending.
BUSINESS / Companies
Aug 15, 2024

Japanese restaurant chains post solid earnings

The chains successfully attracted customers after price increases by actively launching new menus and limited-time products.
An Apple Store in New York on July 29
BUSINESS / Tech
Aug 15, 2024

Developing new tabletop home device, Apple pushes ahead with robotics shift

The company now has a team of several hundred people working on the device, which would offer a twist on products like Amazon’s Echo Show 10 and Meta Platforms’s Portal.
A monitor in Tokyo on Friday shows the Nikkei stock average rising more than 1,000 points from the previous day.
BUSINESS / Markets
Aug 16, 2024

Nikkei surges on back of strong U.S. economic data

The 225-issue Nikkei average added 3.64% to end the session at 38,062.67, a gain of 8.7% over the week.
The Bank of Japan headquarters in Tokyo. Prime Minister Fumio Kishida’s decision to step down opens the door to newcomers competing at a time when the central bank is paving the way for policy normalization.
BUSINESS / Economy
Aug 16, 2024

Japan's change of leadership comes at challenging time for monetary policy

Next month’s ruling party vote will be held against a backdrop of persistent inflation.
A monitor in Tokyo's Shibuya Ward displays a news headline reporting the Nikkei stock average plunging on Aug. 5.
BUSINESS / Markets
Aug 16, 2024

Foreign investors buying Japanese stocks after recent slump, Goldman says

The investment bank's chief Japan equity strategist notes that interest levels from certain segments of the foreign investor community have grown noticeably higher.
People look at a Ford Sports Utility Vehicle on display at a test drive point in Nha Be district in Ho Chi Minh City.
BUSINESS / Companies
Aug 16, 2024

Mitsui buys stake in Tasco Auto in bet on Vietnam’s growth

The deal makes Mitsui a strategic investor and will help Tasco’s long-term plans.
The display window of a brokerage showing the closing numbers of the Tokyo Stock Exchange, along a street in the capital on Tuesday.
BUSINESS / Markets
Aug 17, 2024

Foreign investors are trading Japan’s stocks like never before

The Nikkei 225-issue average slumped 12% on Aug. 5, the biggest percentage fall since Black Monday in 1987, before rebounding 10% the next day.

Longform

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