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November 22, 2024
 

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Job seekers crowd a job fair at Liberation Square in Shijiazhuang, China, in 2018.
BUSINESS / Economy / FOCUS
Sep 2, 2024

New unproductive forces: the Chinese youth owning their unemployment

Urban youth unemployment for the roughly 100 million Chinese aged 16-24 spiked to 17.1% in July, a figure analysts say masks millions of rural unemployed.
Factory activity in China contracted for a fourth straight month in August, with subindexes showing deepening deflationary pressures.
BUSINESS / Economy
Sep 2, 2024

China faces calls for stimulus as growth engines stall amid property woes

Factory activity contracted for a fourth month in August, with subindexes showing deflationary pressures and latest sales figures showing a worsening residential slump.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024

Yen calling the shots as BOJ mulls rate increase

Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
The U.S. has been pressuring Japan to impose additional restrictions on the ability of firms to sell advanced chipmaking tools to China, as part of a long-running campaign to curtail China’s semiconductor progress.
BUSINESS / Economy
Sep 2, 2024

China warns Japan of retaliation over potential new chip curbs

One major concern is that Beijing could cut off Japan’s access to critical minerals that are essential for automotive production.
Britain's Foreign Secretary David Lammy arrives to attend a Cabinet meeting at 10 Downing Street in London on Aug. 6. Lammy said the decision to suspend the licenses did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the ongoing conflict between Israel and Hamas in the Gaza Strip.
WORLD / Politics
Sep 3, 2024

U.K. suspends 30 of its 350 arms export licenses to Israel

The suspension is due to the risk such equipment might be used to commit serious violations of international humanitarian law, its foreign minister David Lammy says.
By using an app, call center workers can practice calming down angry callers.
BUSINESS / Companies
Sep 3, 2024

Japanese companies develop AI tools against 'customer harassment'

Japanese companies are developing artificial intelligence tools to protect call center workers from "customer harassment."
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024

Japan’s new prime minister must set fresh fiscal target, adviser says

Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
U.S. Vice President Kamala Harris, the Democratic presidential nominee, speaks during a campaign event she attended with U.S. President Joe Biden at IBEW Local Union 5 in Pittsburgh on Monday.
BUSINESS
Sep 3, 2024

Harris says U.S. Steel should remain American owned and run

It’s not clear whether a decision on the takeover will land on U.S. President Joe Biden’s desk or that of his successor — or even if it will proceed at all.
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024

Japanese companies mark record combined profits in April-June

Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
A washed-up boat on the shore of the city of Ibusuki, Kagoshima Prefecture, on Friday
JAPAN / Society
Sep 3, 2024

Typhoon-chaser's firsthand account of his pursuit of Shanshan

James Reynolds, who has built a career of venturing into the eye of nature's most ferocious storms, braved the elements as the cyclone bore down on Japan.
Tech billionaire Elon Musk in Washington on July 24
BUSINESS / Tech
Sep 3, 2024

Musk to celebrate Meloni as Italy eyes space sector investment

The two are also scheduling a closed-door conversation to discuss investment opportunities in Italy’s space and artificial intelligence sectors.
Australian Foreign Minister Penny Wong
BUSINESS
Sep 3, 2024

Australia firms should invest in Southeast Asia, foreign minister says

Southeast Asia is expected to be the world’s fourth-largest economy by 2040 with an expanding population.
One in three workers say they want to return to companies they have worked for before, a survey has found.
BUSINESS / Companies
Sep 3, 2024

Many job changers in Japan consider returning to former employer, survey says

Reasons varied from shifts in personal circumstances after they quit their jobs, to a newfound appreciation for their former workplace after leaving.
Foreign Minister Yoko Kamikawa attends a new conference for the Tokyo International Conference on African Development (TICAD) Ministerial Meeting in Tokyo on Aug. 25.
COMMENTARY / Japan
Sep 3, 2024

Africa's rising importance for Japan’s Indo-Pacific goals

Africa is becoming an increasingly important element of Japanese FOIP strategy. It is a work in progress, but it is proceeding.
Nippon Steel headquarters in Tokyo. Nippon Steel said last month that it would make an additional investment of about $1.3 billion in U.S. Steel following the takeover.
BUSINESS / Companies
Sep 3, 2024

Nippon Steel defends its U.S. Steel bid after Harris' opposition

Nippon Steel released a statement Tuesday arguing that the Japanese firm's planned acquisition of U.S. Steel would benefit the United States.
A stock board at the Tokyo Stock Exchange
BUSINESS / Economy
Sep 3, 2024

Japan FSA to examine bank risks in ‘world with interest rates’

In its annual policy guidance released on Friday, the Financial Services Agency pointed to uncertainty over the global economy and markets.
Linda Sun, a former aide to New York State Gov. Kathy Hochul, exits Brooklyn Federal court after she was charged with acting as an unregistered agent of China’s government in New York on Tuesday.
WORLD / Politics
Sep 4, 2024

Ex-aide to New York governor charged with acting as Chinese agent

Federal prosecutors said Linda Sun was acting as an agent of the Chinese government in exchange for millions of dollars in compensation and gifts.
Elon Musk during an event in Manhattan in November 2023
BUSINESS / Companies
Sep 4, 2024

Musk’s Starlink backs down, vowing to block X in Brazil

Elon Musk’s satellite internet provider Starlink reversed course and said it would comply with an order by Brazil’s top court to block access to X.
Nvidia shares got zapped by 9.5% on Tuesday, wiping out $278.9 billion in the biggest loss of value ever for a U.S. stock.
BUSINESS / Tech
Sep 4, 2024

Nvidia suffers record $279 billion rout as stocks sink

Chipmakers touched off another bout of selling after industry analysts rekindled worries that the mania surrounding artificial intelligence had gone too far.
The government-affiliated National Institute of Advanced Industrial Science and Technology will establish a domestic research and development base and plans to receive technical cooperation from Intel.
BUSINESS / Tech
Sep 4, 2024

Japan research body AIST to create chipmaking R&D base

It will be the first Japanese research institute to introduce extreme ultraviolet lithography equipment, crucial for making chips' circuit line widths narrower.
U.S. Steel's Edgar Thomson Works steel mill in Braddock, Pennsylvania
BUSINESS / Companies
Sep 4, 2024

U.S. Steel to remain American-led, Nippon Steel says

The Japanese firm said post-acquisition the majority of U.S. Steel's board of directors and all members of core senior management would be U.S. citizens.
Sanrio, the owner of the Hello Kitty brand that operates two indoor theme parks, has enjoyed a 93% gain in its stock this year, as the ongoing heat and heavy rain keep visitors away from outdoor entertainment.
BUSINESS / Companies
Sep 4, 2024

Hello Kitty stock soars 93% as Tokyo heat sends tourists indoors

Ongoing heat and heavy rain have been key factors in keeping visitors away from outdoor entertainment facilities.
An electronic quotation board shows the Nikkei stock average dropping more than 1,500 points on Wednesday, weighed down by falls on Wall Street following lackluster manufacturing data.
BUSINESS / Markets
Sep 4, 2024

Japanese stocks tumble amid U.S. tech selloff

Some analysts see Wednesday’s drop as a temporary reaction than a start of another meltdown.
Government Pension Investment Fund in Tokyo
BUSINESS / Markets
Sep 4, 2024

GPIF watchers say $1.75 trillion fund may buy more Japan stocks

GPIF is likely to have reclaimed its position as the world’s largest pension fund, thanks to the yen’s rebound after a brief slip earlier this year.
Volkswagen Chief Executive Officer Oliver Blume speaks at a Volkswagen media event in Beijing on April 24.
BUSINESS / Companies
Sep 4, 2024

From peace-maker to taboo-breaker, VW boss Blume takes on the unions

Volkswagen disclosed it was not only planning to scrap a 30-year old job security plan, but weighing the closure of plants in Germany.
Uber is working with Royal Limousine and Times Mobility to conduct a trial to allow ordinary drivers to offer ride-hailing services even if they do not own vehicles.
JAPAN
Sep 4, 2024

Uber Japan tests use of car-sharing vehicles for ride-hailing services

The aim of the trial, which will run through Nov. 30, is to make it easier for drivers to get into the business.
Former President Donald Trump, the Republican presidential nominee, speaks on stage in front of Robert F. Kennedy Jr. at the Desert Diamond Arena, in Glendale, Arizona, on Aug. 23.
WORLD / Politics
Sep 4, 2024

How Donald Trump and Robert F. Kennedy Jr.’s pact took shape

A near assassination, a couple of phone calls, and six weeks of secret talks, embarrassing missteps and private misgivings, led to the unlikely alliance.
One survey revealed that 68% of recruiters admit to appearance-based hiring and 96% say interviews are influenced by visual impressions, which is why many employment experts advise job hunters to invest significantly in their appearance.
COMMENTARY / Japan
Sep 4, 2024

Why do I need a photo on my resume to apply for a job in Japan?

It is time to build a recruitment system in Japan that rewards people’s talents, irrespective of their looks
The shutdown of Elon Musk's X has drawn parallels with authoritarian regimes, damaging Brazil’s international reputation and raising concerns about judicial overreach.
COMMENTARY / World
Sep 4, 2024

Shutting off Elon Musk won't help Brazil's democracy

While regulating hate speech is complex, the approach by Brazil's Supreme Court might be excessive and counterproductive.
A cold and self-centered 21-year-old (Yuumi Kawai) drifts through life in Yoko Yamanaka's “Desert of Namibia.”
CULTURE / Film
Sep 5, 2024

'Desert of Namibia' makes its difficult protagonist hard to hate

Yoko Yamanaka's enigmatically titled drama is true to the messy complexity of human beings and their relationships in its own quirky and sharply observant way.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
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.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

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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