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November 22, 2024
 

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The Kangei Maru, a 9,300-ton whaling mothership, was launched in May.
JAPAN
Sep 11, 2024

Japan shows first commercial fin whale catch in 48 years

The country this year added the fin whale to a catch list that already includes minke, Bryde's and sei whales.
Shoppers outside an office building in Beijing in August. China's overall public spending — which includes local governments — is shrinking, not growing. It contracted about 2% in the first seven months of 2024.
BUSINESS / Economy
Sep 12, 2024

China’s attempt to boost demand is stifled by wall of austerity

While finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, their counterparts in the provinces are in full belt-tightening mode.
The total cost of cooking curry rice has topped ¥300 for the 12th straight month and is expected to exceed ¥350 per serving in August, according to a survey.
BUSINESS / Economy
Sep 12, 2024

Making a bowl of curry rice at home now costs over ¥300, survey says

The cost of the budget-friendly dish hit a record ¥342 in July, up ¥44 from the same period last year, according to a survey.
Alimentation Couche-Tard is discussing raising its takeover bid for Seven & I Holdings, informed sources say.
BUSINESS / Companies
Sep 12, 2024

Couche-Tard weighing higher price for 7-Eleven owner, sources say

Its bid would need to be significantly higher than the initial proposal of $14.86 per share in order to get Seven & I to enter negotiations, they said.
Hong Kong’s property tycoons are eagerly awaiting interest rate cuts by the Federal Reserve due to their struggles with slow home sales, vacant office buildings and tenants pushing for lease renegotiations.
COMMENTARY / World
Sep 12, 2024

The Fed is making Hong Kong's billionaire landlords anxious

Many Hong Kong property companies have significant amounts of debt at floating interest rates tied to Hibor, which tracks the Fed's rate changes.
Labor market reform will likely be a hot economic debate topic in the Liberal Democratic Party presidential election, the campaign of which kicked off on Thursday.
BUSINESS / Economy
Sep 12, 2024

Labor market reform becoming hot topic in LDP leadership race

Candidates differ in how they intend to tackle labor market issues, especially on whether to give firms more flexibility in the dismissing of workers.
A Japan Freight Railway train passes through a train station in Osaka in 2017. JR Freight on Thursday resumed operations for all of its freight trains after a temporary halt following the discovery of data tampering and other irregularities.
BUSINESS / Companies
Sep 12, 2024

JR Freight resumes train operations after discovery of data tampering

The freight operator had suspended operations on Wednesday to inspect container cars suspected to have been affected.
The Osaka Prefectural Police recently arrested three people who allegedly had some ¥4.9 billion in total paid into their bank accounts from about 10,000 people who took part in overseas online gambling.
JAPAN
Sep 12, 2024

Three arrested over alleged laundering of online casino money

The suspects allegedly had some ¥4.9 billion in total paid into their bank accounts from about 10,000 people who took part in overseas online gambling.
A vendor attends to a customer at the secondhand books section of Panjiayuan antiques market in Beijing
ASIA PACIFIC / Politics
Sep 13, 2024

China wants academic exchanges, but censorship could stand in the way

The Chinese Communist Party has exerted control over all publications since establishing the People's Republic of China in 1949.
Palestinians search for survivors of an Israeli strike in the Shejaiya suburb east of Gaza City on Thursday. A report by the United Nations Conference on Trade and Development described the economy of the Gaza Strip as being "in ruins" more than 11 months after the start of the Israel-Hamas war.
BUSINESS / Economy
Sep 13, 2024

Gaza economy shrinks to less than a sixth of its pre-war size, U.N. says

A document from the U.N.'s trade agency also describes "a rapid and alarming economic decline" in the occupied West Bank.
The Bank of Japan headquarters in Tokyo. Some 53% of economists surveyed by Bloomberg said the earliest timing for a rate change would be in October.
BUSINESS / Economy
Sep 13, 2024

Over half of BOJ watchers see next rate hike coming in December

The survey results show most analysts believe the market ructions after the July 31 rate hike didn't derail the BOJ from the normalization path.
A supermarket in Narita, Chiba Prefecture, operated by Aeon. Shares of Aeon have extended their gains to 25% this year and reached a record high this week.
BUSINESS / Companies
Sep 13, 2024

Seven & I proposal fuels rally in Japanese retailers like Aeon

An increase in Japan’s consumer spending, which accounts for more than half of Asia’s second-biggest gross economy, is also supporting retailers.
Seibu Ikebukuro department store in Tokyo's Toshima Ward in September last year
BUSINESS / Companies
Sep 13, 2024

Seibu Ikebukuro department store to boost upscale brand lineup

The renovated store will feature about 60 cosmetics brands, while enhancing its basement food floor.
Union members react as Aerospace Machinists District 751 President Jon Holden (out of frame) announces that union members rejected a proposed Boeing contract and will go on strike, following voting results at their union hall in Seattle, Washington, on Thursday.
BUSINESS / Companies
Sep 13, 2024

Boeing workers going on strike after 96% vote for walkout

The Boeing workers' last strike in 2008 shuttered plants for 52 days and hit revenue by an estimated $100 million per day.
Athletics outfielder Seth Brown (right) and Brent Rooker celebrate after scoring against the Astros on Tuesday in Houston.
BASEBALL
Sep 13, 2024

MLB confirms A's will play in Sacramento in 2025

The Athletics, on their way out of Oakland, will spend next season in West Sacramento, California, Major League Baseball confirmed on Thursday.
An attendee wears an Apple Vision Pro while holding the Apple iPhone 16 Pro during an event at Apple Park campus in Cupertino, California, on Monday. Apple introduced the latest version of its flagship device, the iPhone 16.
EDITORIALS
Sep 13, 2024

The genie is out of the bottle and headed for your phone

The touchscreen smartphone is now humankind's ubiquitous companion, and with each new product release, phone makers unveil new innovations.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024

Seven & I gets new designation, a potential hurdle for takeover

The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
Workers with picket signs outside the Boeing Seattle Delivery Center during a strike in Seattle on Friday.
BUSINESS / Companies
Sep 14, 2024

Boeing and union negotiators to resume talks next week amid strike

A long strike could further damage Boeing's finances, already groaning due to a $60 billion debt pile.
Pope Francis holds a news conference aboard the papal plane on his flight back to Rome after his 12-day journey across Southeast Asia and Oceania, on Friday.
WORLD / Society
Sep 14, 2024

Pope says Trump and Harris 'against life' as Asia tour ends

The comments on the U.S. presidential hopefuls came as he defied health concerns to connect with believers from Papua New Guinea to Singapore.
Employees work on an electric car production line near Ningbo, China, in April 2021. In new measures announced Friday, the Biden administration is moving to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.
BUSINESS / Economy
Sep 14, 2024

U.S. locks in steep China tariff hikes, as some industries warn of disruptions

The tariffs include a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals.
The construction site of the Rapidus chip factory in Chitose, in the northern prefecture of Hokkaido. The Rapidus chip factory in Chitose is a collaboration with IBM and backed by billions of dollars in government funding.
BUSINESS / Tech
Sep 14, 2024

Japan tries to reclaim its clout as a global tech leader

To do this, Japan is working with foreign tech leaders — an outward-looking, collaborative approach that decades earlier would have been unthinkable.
"Nightbitch," which premiered at the Toronto film festival on Sept. 7, stars Amy Adams (center) as Mother, an artist who becomes a harried stay-at-home mom caring for a boisterous toddler.
CULTURE / Film
Sep 14, 2024

Amy Adams gets real about motherhood in 'Nightbitch'

The film explores various facets of motherhood — the wonder and joy, but also the darkness and exhaustion — using equal doses of comedy, drama and magical realism.
Candidates for Japan's ruling Liberal Democratic Party presidential election stand together onstage at the Japan National Press Club in Tokyo on Saturday.
JAPAN / Politics
Sep 15, 2024

LDP presidential hopefuls outline approach to U.S. and China concerns

The nine candidates jostled over the best way to resolve Nippon Steel's contentious bid for U.S. Steel, while also grappling with the Chinese military challenge.
Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
COMMENTARY / World
Sep 15, 2024

Women don’t always get the candid feedback they deserve

Managers, in their effort to avoid appearing sexist, often provide women with insincere or inconsistent feedback during performance reviews.
Solar panels and wind turbines at a power plant in Hami in China's Xinjiang region. The U.S. and other countries have described China’s actions against Uyghurs in the Xinjiang region, a key cog in the cleantech supply chain, as a genocidal campaign aimed at erasing an entire culture.
ENVIRONMENT / Energy / OUR PLANET
Sep 16, 2024

How China’s dominance of solar and batteries is impacting Japan’s energy transition

China has thrown its industrial might behind cleantech, putting Japan in a tough spot as it weighs human rights concerns against its climate targets.
President Xi Jinping last week appeared to signal tolerance for a rate slightly lower than 5%.
BUSINESS / Economy
Sep 16, 2024

China’s deepening slowdown tests Xi’s tolerance for growth miss

The People’s Bank of China signaled in a rare statement alongside disappointing credit data that fighting deflation would become a higher priority.
The U.S. team celebrates on the 18th green after clinching their victory over the European team to win the Solheim Cup in Gainesville, Virginia, on Sunday.
MORE SPORTS / Golf
Sep 16, 2024

U.S. team savors Solheim Cup triumph after enduring long wait

Captain Stacy Lewis praised her players for their tenacity and fortitude in pressure-packed situations.
A worker inspects solar panels in Gansu Province, China, in 2013.
BUSINESS / Tech
Sep 16, 2024

China’s U.S. solar plants undermine domestic push, report says

The report comes amid increasing scrutiny of Chinese investment in U.S.-based manufacturing of the solar tech key to the transition away from fossil fuels.
Then yen strengthened on Monday beyond ¥140 per dollar ahead of a Federal Reserve policy meeting this week that is widely expected to see officials cut interest rates.
BUSINESS / Markets
Sep 16, 2024

Yen strengthens beyond ¥140 per dollar for first time since 2023

The currency appreciated as much as 0.6% versus the dollar to ¥139.96 on Monday, its strongest level since July last year.
The BMW logo. It took the German automaker more than two years to discover the extent of a braking system fault that is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
BUSINESS / Companies
Sep 16, 2024

BMW took two years to find extent of defect behind recall

The braking system fault is expected to cost the carmaker nearly €1 billion ($1.1 billion) to fix.
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

SUSTAINABLE JAPAN

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

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