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November 24, 2024
 

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Many of the entrepreneurs who’ve become superwealthy are now seeking to manage and transfer riches to their descendants in Asia. That’s resulting in a surge in family office demand.
ASIA PACIFIC
Jul 31, 2023

Asia’s richest families fuel race for lucrative finance jobs

Many of Asia's superwealthy are now seeking help managing their estates just as old-money families in the West have done for decades.
Kazuyuki Tanioka, the owner of Japanese cuisine Toya restaurant, prepares fish a sashimi dish during an interview in Beijing on July 25.
BUSINESS
Jul 31, 2023

Japanese eateries in China fear ruin over Fukushima water release

Shortly after the 2011 disaster hit the Fukushima No. 1 plant, China banned the import of food and agricultural products from five Japanese prefectures.
Wall Street in New York. While survey participants are likely riding the AI-fueled market melt-up thanks to their broad equity exposure, they aren’t going all-in on the technology just yet.
BUSINESS / Tech
Jul 31, 2023

Investors are happy to pay premium for tech, but not for AI

Even as AI floods the workplace, many still doubt that it will dramatically affect their job within the next three years.
The Cushing storage hub in Oklahoma. Crude oil stock declines have been geographically uneven so far, with inventory falls in the United States and Europe offset by increases in China and Japan.
BUSINESS
Jul 31, 2023

Oil inventory drops set stage for higher prices

Oil inventories now play a bigger role in determining prices than the U.S. dollar because sanctions on Russia have sped up trading in other currencies.
The planned 2025 Osaka Expo site
JAPAN / Society
Jul 31, 2023

First foreign pavilion application fails to calm Osaka Expo nerves

Officials worry that unless other countries move to set up their pavilions soon, some who have agreed to build them could reverse course.
The Giants' Naoki Yoshikawa (left) records an out at first base during his team's win over the Dragons at Tokyo Dome on Sunday.
BASEBALL / Japanese Baseball / Sac Bunts
Jul 31, 2023

Naoki Yoshikawa and Makoto Kadowaki play starring roles for Giants in field

The Yomiuri infielders are turning heads with their play.
Australia's Hayley Raso (center) celebrates scoring the team's first goal against Canada during a Group B finale at the 2023 FIFA Women's World Cup in Melbourne on Monday.
SOCCER
Aug 1, 2023

Hayley Raso stars as Matildas dump Canada to surge into last 16

Australia thrived on the pressure in front of more than 27,000 in Melbourne to consign Canada to an early flight home.
Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing in May.
WORLD / Science & Health
Aug 1, 2023

Elon Musk’s unmatched power in the stars

The tech billionaire has become the dominant power in satellite internet technology. The ways he is wielding that influence are raising global alarms.
Nigeria's Super Falcons have reached the knockout stage of the FIFA women's World Cup for a second straight tournament after escaping a Group B that included cohost Australia.
SOCCER / Women's World cup
Aug 1, 2023

More the merrier: Expanded field holds up under WWC pressure

FIFA expanded the competition from 24 teams to 32 for 2023, with President Gianni Infantino citing the "astounding success" of the 2019 tournament.
Chikako Utsumi holds bottles of Rose Mind at Tenpoichi sake brewer in Fukuyama, Hiroshima Prefecture.
JAPAN / Regional Voices: Hiroshima
Aug 7, 2023

Local Hiroshima sake and beef grow in popularity due to G7

Popular sake Rose Mind has seen its popularity surge since it was served during the Group of Seven summit in Hiroshima.
U.S. Treasury Secretary Janet Yellen on Tuesday called the downgrade of the United States' top-tier sovereign credit grade by Fitch Ratings "arbitrary” and "outdated.”
BUSINESS / Economy
Aug 2, 2023

U.S. credit rating downgraded from AAA by Fitch 

Fitch Ratings criticized the country’s ballooning fiscal deficits and an "erosion of governance” that have led to repeated debt limit clashes.
Simon Humphries, head of design at Toyota, speaks during the world premier of the new Land Cruiser in Tokyo on Wednesday.
BUSINESS
Aug 2, 2023

Toyota’s iconic Land Cruiser returns to North America

The world’s biggest carmaker has unveiled three variations of one of its most enduring models, starting at around $50,000.
Jacob Anthony Chansley near the entrance to the Senate after breaching security defenses on Jan. 6, 2021
WORLD
Aug 2, 2023

Who else faced legal consequences after the U.S. Capitol attack?

Numerous people have been convicted at trial or pleaded guilty to crimes after seeking to block Congress from certifying Joe Biden's victory in 2020.
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023

BOJ tweak not prelude to ultralow rates exit: deputy governor

Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
Boston Celtics guard Jaylen Brown takes a shot against the Miami Heat in the third quarter during Game 4 of the Eastern Conference Finals in Miami on May 23.
COMMENTARY / World
Jul 30, 2023

Could Saudi money be coming to the NBA, too?

Jaylen Brown just signed the richest contract in the league’s history, but there’ll probably be an ever bigger deal before long.
Russian Foreign Minister Sergei Lavrov and the chairperson of the African Union Commission, Moussa Faki Mahamat, attend a document signing ceremony during the Russia-Africa Summit in Sochi, Russia, in October 2019.
COMMENTARY / World
Aug 2, 2023

China’s weaponization of race and history

BRICS nations seek a more equitable global architecture that represents the interests of the Global South as China uses race to challenge the West.
U.S. Vice President Kamala Harris meets with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene at her ceremonial office in Washington on Wednesday.
WORLD
Aug 3, 2023

Mongolia and U.S. to sign 'Open Skies' deal ahead of talks

Deal would also provide easier options for cargo flights between the nations.
People embrace each other as demonstrators for and against the U.S. Supreme Court decision to strike down race-conscious student admissions programs at Harvard University and the University of North Carolina confront each other, in Washington on June 29.
WORLD
Aug 3, 2023

U.S. affirmative action ban spurs changes to college essay prompts

U.S. colleges are set to release their essay prompts this month when the common application used by many schools becomes public.
Japan head coach Jamie Joseph during a match in London in November.
MORE SPORTS / Rugby
Aug 3, 2023

Jamie Joseph demands focus as Japan face Fiji in World Cup warm-up

Joseph made four changes to the team that beat Tonga 21-16 last week as Japan continues its World Cup preparations.
A downgrade by Fitch Ratings is being viewed as a condemnation of partisan U.S. politics, including the recent debt ceiling standoff and the Jan. 6, 2021, insurrection at the U.S. Capitol.
BUSINESS
Aug 3, 2023

Fitch’s U.S. downgrade stokes the very fight it warned against

Washington’s hostile political factions have quickly taken up the agency's downgrade of U.S. government debt as a new weapon of political combat.
Akira Amari, Japan's chip czar, has said that funding around one-third of the cost of a chip plant is the norm, and the 50% funding for Japan's first TSMC chip plant was unusually high.
BUSINESS
Aug 3, 2023

Chip minister hints Japan to fund one-third of second TSMC plant

The subsidies will be part of Japan’s efforts to revive its domestic chipmaking industry, a sector viewed as crucial for growth and economic security.
Prime Minister Fumio Kishida and Ukrainian President Volodymyr Zelenskyy at the Hiroshima Peace Memorial Park in May.
JAPAN / FOCUS
Aug 3, 2023

Japan's vision of nuke-free world in focus ahead of anniversaries

The tension between Tokyo's lofty goals and realpolitik necessities has made any move toward nuclear disarmament largely elusive.
Seiichi Morimura at home in his study in April 2013
JAPAN
Aug 4, 2023

Seiichi Morimura, 90, who exposed Japan's wartime atrocities, dies

In a book, he detailed gruesome biological experiments on people at a secret Imperial Army site in occupied China before and during World War II.
The Tokyo Regional Immigration Services Bureau in Minato Ward
JAPAN / Society
Aug 4, 2023

Foreign minors born, raised in Japan to be eligible for residency

The move comes in response to a controversial revision to the asylum law that was passed earlier this year.
Prime Minister Fumio Kishida speaks to reporters in Tokyo on July 28.
JAPAN / Politics
Aug 4, 2023

Kishida confirms plan to merge My Number and health insurance card

Kishida apologized for the anxiety caused by recent errors and announced a series of steps in the hope of restoring public trust.
Two members of the five-member U.N. Working Group on Business and Human Rights speak with reporters Friday in Tokyo.
JAPAN / Society
Aug 4, 2023

U.N. experts criticize Johnny’s sex abuse investigation

The experts called on the government to do more to investigate decades of suspected abuse against male idols by Johnny Kitagawa.
U.S. President Joe Biden delivers remarks at the White House in Washington last month.
BUSINESS
Aug 5, 2023

Biden order curbing investment to China expected in coming days

The goal of the order is to prevent U.S. capital and expertise from accelerating the development of tech that would support China's military.
Chinese Special Envoy for Eurasian Affairs Li Hui leaves the headquarters of the Russian Foreign Ministry following talks in Moscow in late May.
WORLD / Politics
Aug 5, 2023

China envoy to attend talks on Ukraine in Saudi Arabia

The talks on a peaceful settlement to the Ukraine war — a forum that excludes Moscow — is a diplomatic coup for Kyiv, the West and the Saudi hosts.
Former U.S. President Donald Trump at a rally in Erie, Pennsylvania, on July 29
WORLD / Crime & Legal
Aug 6, 2023

U.S. prosecutors ask for protective order, citing threatening Trump post

Despite a history of online bullying, Trump’s campaign issued a statement insisting that he was practicing his First Amendment rights.
People ride a boat through a flooded road after Typhoon Doksuri in Zhuozhou, Hebei province, China, on Thursday.
ASIA PACIFIC
Aug 6, 2023

China floodwater diversions unleash wave of online anger

To protect Beijing from flooding, water is sometimes channeled to so-called 'flood storage areas' — including populated areas.
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.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
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.”

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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