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November 22, 2024
 

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Eni is in talks with Japan on supplying the country with liquefied natural gas, an executive said Sunday.
BUSINESS / Companies
Oct 6, 2024

Italy's Eni in talks with Japan on supplying LNG, executive says

Eni plans to build its LNG portfolio to 18 million metric tons per year by 2027 and would be ready to commit part of it to Japan.
U.K. Prime Minister Keir Starmer has replaced his chief of staff and must now review key tax-raising plans that have been questioned over their viability.
WORLD / Politics
Oct 7, 2024

Starmer forced into messy reset less than 100 days in power

He has replaced his chief of staff, Sue Gray, and is reviewing key tax-raising plans amid questions over their viability.
An electronic ticker displays stock figures in Pudong's Lujiazui Financial District in Shanghai on Aug. 14.
BUSINESS / Markets
Oct 7, 2024

China stock skepticism gets louder as world-beating run extends

Some are concerned many Chinese stocks are already reaching overvalued levels.
The Bank of Israel building in Jerusalem in 2020. The costs of financing Israel's conflict in Gaza has led to credit ratings downgrades, which are amplifying economic effects that could reverberate for years, while the cost of insuring the country's debt against default is near a 12-year high and its budget deficit is ballooning.
BUSINESS / Markets
Oct 7, 2024

After a year of war, Israel's borrowing costs reflect burden of conflict

While Israel's domestic bond market is liquid, foreign investors have pulled back, while global funds' ownership of the country's stocks is now at its lowest in a decade.
WTI futures surged as much as 11% amid concern that Israel might strike oil facilities in retaliation for Iran’s missile attack.
BUSINESS / Markets
Oct 7, 2024

Oil bets are the most bullish in two years as Mideast tension flares

The escalation in the Middle East has changed everything, with most traders now looking to buy insurance against a surge in oil prices.
Padres starter Yu Darvish pitches against the Dodgers during Game 2 of the NLDS in Los Angeles on Sunday.
BASEBALL
Oct 7, 2024

Yu Darvish shuts down Dodgers and Shohei Ohtani as Padres even series

Darvish retired Ohtani three times during his gem at Dodger Stadium.
A showroom in Budapest for electric vehicles made by BYD, a Chinese auto manufacturer, on Sept. 16
BUSINESS / Tech / ANALYSIS
Oct 7, 2024

Climate change and economics muddy West's drive to curb Chinese EVs

EU states have voted to impose tariffs on electric vehicles made in China, but experts say this complicates the push to get cleaner cars on the road.
Players on Nintendo Switch game consoles. Saudi Arabia's Public Investment Fund is reportedly weighing deploying more capital to Nintendo and its sector peers.
BUSINESS / Companies
Oct 7, 2024

Nintendo jumps after Saudi fund expresses interest in bigger stake

The Saudi government is keen to mold the kingdom into a global gaming industry player and diversify its oil-heavy portfolio.
A solar power plant operated by Chubu Electric Power in Aichi Prefecture. Japan's significant renewable energy potential is little understood, even by its political leaders.
COMMENTARY / Japan
Oct 7, 2024

To empower Japan, new PM has to get hot on renewables

LDP leadership candidates all toed the party line on energy policy. But now, as Ishiba deals with the reality of governing, renewable ambitions need to be stepped up.
Tokyo Metro is seeking to raise at least ¥319.6 billion at a time when the nation’s equity market is showing signs of recovery.
BUSINESS / Companies
Oct 8, 2024

Tokyo Metro unveils range for biggest Japan IPO since 2018

The price range of ¥1,100 to ¥1,200 values the subway operator at between ¥639.1 billion and ¥697.2 billion.
While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
BUSINESS / Markets
Oct 8, 2024

Solid earnings will spur hope Japan stocks hold onto 2024 gains

While unlikely to revisit the record hit in July, the 225-issue Nikkei average may finish this year up 1.3% from its current level, according to a forecast by analysts.
A new U.N. report claims that use of the Telegram messaging app by criminal networks in Southeast Asia has enabled a fundamental change in the way organized crime operates.
ASIA PACIFIC / Crime & Legal
Oct 8, 2024

Southeast Asian crime networks thriving on Telegram, U.N. reports

Scrutiny of the app has brought attention to the criminal liability of app providers and the debate on where freedom of speech ends and enforcement of the law begins.
Royals catcher Salvador Perez hits a solo home run against the Yankees at Yankee Stadium in Bronx, New York, on Monday.
BASEBALL / MLB
Oct 8, 2024

Royals hit back against Yankees; Tigers maul Guardians

The Royals produced a four-run fourth inning blast to set up a victory at Yankee Stadium.
Local activists and tech workers protest against Google and Amazon's Project Nimbus contract with the Israeli military and government, outside the Google Cloud Next Conference in San Francisco, California, on August 29, 2023.
WORLD
Oct 8, 2024

Decoding the role Big Tech plays in the war in Gaza

The Israel-Hamas war has spotlighted how artificial intelligence and machine learning can be used on the battlefield.
Speculative investors flipped to a net long position on the yen just before Prime Minister Shigeru Ishiba said the nation wasn’t ready for further interest rate hikes, data shows.
BUSINESS / Markets
Oct 8, 2024

Hedge funds warming to yen caught out by biggest drop in 15 years

Many bought the yen just before cautious comments by Prime Minister Shigeru Ishiba on rate hikes and strong U.S. nonfarm payrolls data.
Attendees stand in front of the Google Play booth during the Tokyo Game Show in September 2018 in Chiba.
BUSINESS / Companies
Oct 8, 2024

Google Play must allow rival Android app stores, judge rules

Epic Games argued that Google Play rules and fees stifled competition and blocked app marketplaces launched by developers.
DAZN, the sports-streaming group backed by billionaire Len Blavatnik, may soon sell a stake to Saudi Arabia's Public Investment Fund, according to insiders.
BUSINESS / Companies
Oct 8, 2024

Saudi Arabia's PIF considering minority stake in sports streamer DAZN

Deal could increase Saudi fund's influence in European football, as DAZN is a partner for Italy's Serie A, Spain's LaLiga, Germany's Bundesliga and France's Ligue 1.
Tsuguhiko Kadokawa, former chairman of publisher Kadokawa, said he is innocent of bribery allegations during his first trial hearing at the Tokyo District Court on Tuesday.
JAPAN / Crime & Legal
Oct 8, 2024

Ex-Kadokawa chair pleads not guilty to bribing Tokyo Games executive

Fifteen people have been indicted over the Tokyo Games bribery scandal.
Japan saw the highest number of bankruptcies since 2013 in the six months through September.
BUSINESS / Economy
Oct 8, 2024

Japan records highest number of bankruptcies in a decade as costs rise

The bankruptcies partly reflect the impact of higher prices, while a record 163 firms cited labor shortages as a reason for their struggles.
Japan's real wages fell in August year-on-year after turning positive for the previous two months for the first time in more than two years.
BUSINESS / Economy
Oct 8, 2024

Real wages in Japan drop in August after two months of gains

Analysts say that real-wage growth could turn positive again in September, in part due to the reintroduction of electricity bill subsidies.
A view of an empty beach as Hurricane Milton advances past Mexico's Yucatan Peninsula on its way to Florida, in Cancun, Mexico, on Tuesday.
BUSINESS
Oct 9, 2024

Florida braces for Hurricane Milton with cancellations and closures

Hurricane Milton is expected to expand in size as it approaches Florida's battered Gulf Coast, where more than 1 million people were ordered to evacuate.
Russia's gas pipeline export monopoly Gazprom plunged to a net loss of $7 billion in 2023, its first annual loss since 1999, because of the loss of the EU's gas markets.
BUSINESS
Oct 9, 2024

What happens when Russian gas to Europe via Ukraine stops?

Ukraine will not extend its gas transit agreement with Russia after it expires at the end of December, said Ukrainian Prime Minister Denys Shmyhal.
Eiji Maeda, former executive of the Bank of Japan
BUSINESS / Economy
Oct 9, 2024

BOJ’s next hike likely to come in January, former official says

The central bank will be watching the U.S. presidential election, the trend in service prices this autumn and momentum ahead of next year’s annual wage talks.
To lessen the impact from any shocks, including a U.S. economic slump, Mizuho has been buying Treasurys and other assets that are easier to sell or hedge against price falls.
BUSINESS / Companies
Oct 9, 2024

Mizuho choosing liquid assets, bracing for risk of failed U.S. soft landing

Market participants appear overconfident that U.S. policymakers will be able to tame inflation without causing a recession, the bank's co-head of global markets has said.
Food replicas displayed on a table in the shape of the Japanese archipelago in an exhibition in London
JAPAN / Society
Oct 9, 2024

Japan House London introduces food replica culture

Food replicas, which were first made in Japan and are displayed at restaurants across the country, have recently become popular among foreign tourists as souvenirs.
Even with the success of "Crazy Rich Asians" and improvements in on-screen representation, Asian actors still comprise just 18.4% of film roles, which is an improvement compared to 3.4% in 2007.
COMMENTARY / World
Oct 9, 2024

To win back audiences, put more Asians behind the camera

The movie industry is losing out at a time when it can ill-afford to do so. Betting on Asian talent would help.
Fumihiro Inoue, an associate professor at Yokohama National University speaks during an interview on Sept. 18 in Hodogaya Ward, Yokohama.
BUSINESS / Tech
Oct 9, 2024

Expert calls for new chip research institute near Tokyo

"Technological innovation led by companies is necessary for the semiconductor industry to regain momentum," said Fumihiro Inoue.
U.K. Conservative leadership candidates Kemi Badenoch (left) and Robert Jenrick after delivering speeches at the party's annual conference, in Birmingham, England, on Oct. 2.
WORLD / Politics
Oct 10, 2024

Who are Badenoch and Jenrick, the candidates to lead U.K. Tories?

By choosing Badenoch or Jenrick, the Conservative party looks set to appeal to supporters lost to Nigel Farage’s anti-immigration Reform U.K. party.
Some 930,000 defective SIM cards of NTT Docomo and other carriers that use Docomo's network might become unusable even if they are functioning normally now.
BUSINESS / Companies
Oct 10, 2024

NTT Docomo recalling almost a million defective SIM cards

The defective cards were manufactured between December 2021 and October 2022, with serial numbers that start with GD06.
New economic revitalization Minister Ryosei Akazawa speaks during an interview on Tuesday in Tokyo.
BUSINESS / Economy
Oct 10, 2024

Japan is aiming for a growth-oriented economy, new minister says

The new minister also underlined his resolve to attain the government's target of raising the weighted average of minimum wages in the 2020s.
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.
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.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
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.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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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