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November 22, 2024
 

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Outgoing German Finance Minister Christian Lindner receives his dismissal certificate after being sacked by Chancellor Olaf Scholz, following a coalition crisis in the government, in Berlin on Thursday.
COMMENTARY / World
Nov 8, 2024

Germany’s government puts itself out of its misery

German Chancellor Olaf Scholz sacked his Finance Minister Christian Lindner over deep rifts within the government on how to revive Germany’s ailing economy.
Chinese Finance Minister Lan Foan attends a news conference about a bill on raising ceilings on local government debt, at the Great Hall of the People in Beijing, on Friday.
BUSINESS / Economy
Nov 9, 2024

China unveils $1.4 trillion debt swap, saving stimulus for Trump

China gave indebted local governments a 10 trillion yuan ($1.4 trillion) lifeline but stopped short of unleashing new stimulus.
A trader shows off a shirt featuring U.S. President-elect Donald Trump on the floor of the New York Stock Exchange in New York City on Wednesday.
BUSINESS / Markets
Nov 9, 2024

Wall Street drafts Trump wish lists over bank capital and SEC regulation

Numerous financial trade groups are working on detailed lists to hand to Trump's transition team, according to four industry sources.
In a fresh aid package set to be compiled this month, the Japanese government will show its commitment to large-scale strategic support spanning several years in both areas, bearing in mind Rapidus, which has advanced into the Hokkaido region to mass-produce next-generation chips.
BUSINESS / Tech
Nov 9, 2024

Japan eyes ¥2 trillion for chips and AI in economic package

In the package, to be compiled this month, the government will show its commitment to large-scale support spanning several years in both areas.
Former President Donald Trump, the Republican presidential nominee, walks on stage during a campaign rally at Huntington Place in Detroit on Oct. 18. President-elect Trump is not known for adherence to a disciplined and rigorous personnel selection process, but behind the scenes his advisers and allies have been preparing lists of candidates for the most important jobs in his administration.
WORLD / Politics
Nov 9, 2024

Trump weighs key personnel choices, schooled by his first-term experience

The president-elect held his first formal transition meetings and has been given lists of candidates, but is calling around to friends and allies for ideas.
Donald Trump arrives for an election night event at the Palm Beach Convention Center in West Palm Beach, Florida, on Wednesday.
BUSINESS / Economy
Nov 10, 2024

Charting the global economy: Trump win reverberates around the world

Fed Chair Jerome Powell said Trump’s re-election will have 'no effect' on the central bank’s policy decisions in the near-term.
A Toyota Motor car dealership in Mexico City in 2017
BUSINESS / Companies
Nov 10, 2024

Toyota to invest $1.45 billion in Mexico

The automaker will spend the money on production of next-generation models, including a hybrid version of the Tacoma pickup truck.
Bank of Japan Gov. Kazuo Ueda said on Saturday at a forum in Switzerland that monetary tightening would be necessary in Japan if inflationary pressures from decarbonization investments exceed a certain threshold.
BUSINESS / Economy
Nov 10, 2024

Decarbonization investment to give some inflationary pressure: BOJ chief

Ueda said that monetary tightening would become necessary if inflationary pressure exceeds a certain level.
Pedestrians walk in front of the venue for COP29 Summit in Baku on the eve of UN Climate Change Conference (COP29) on Sunday.
ENVIRONMENT / Climate change
Nov 11, 2024

Who are the key voices at the COP29 climate summit in Baku?

The U.S., the world's second largest emitter comes to COP29 following an election that will put Donald Trump back in power in 2025.
An Athena Bitcoin ATM in Phoenix, Arizona, on Wednesday. Crypto advocates are taking a victory lap as the vast amounts of money they poured into the U.S. elections yielded huge dividends, from Donald Trump's reelection to downballot wins for politicians friendly to the sector.
BUSINESS / Markets
Nov 11, 2024

Bitcoin breaks $81,000 as token becomes totem for new Trump era

Trump's decisive victory in the presidential election has prompted celebratory chest-thumping from the digital-asset industry.
Toyota North America COO Jack Hollis said sales of all-electric vehicle should grow organically, without rules penalizing gas-powered car sales.
BUSINESS / Companies
Nov 11, 2024

Toyota executive lashes out at U.S. regulations promoting EV sales

The carmaker's North America COO, Jack Hollis, described them as "de facto mandates” out of sync with consumer demand.
The theft of £300,000 worth of top-grade British cheddar serves as a reminder of the quality and joy British cuisine offers, particularly through its artisanal products like cheese.
COMMENTARY / World
Nov 11, 2024

The great British cheese heist gets personal

A slice of Brightwell Ash cheese serves as a reminder of the quality and joy British cuisine offers, particularly through its artisanal products like cheese.
Many on the Bank of Japan board highlighted the need to scrutinize market developments in determining whether the economy can weather higher borrowing costs, a summary of opinions from October meeting shows.
BUSINESS / Economy
Nov 11, 2024

BOJ divided on rate hike timing, October summary shows

Many highlighted the need to scrutinize market developments, particularly yen moves, in determining whether the economy can weather higher borrowing costs.
Roki Sasaki waves to fans after the Marines' final home game of the 2024 season.
BASEBALL / Japanese Baseball / Sac Bunts
Nov 11, 2024

Posting ace Roki Sasaki will leave Marines in awkward position

The Marines ace is expected to move to an MLB organization this winter.
China's finance ministry estimates "hidden debt" — or debt accumulated through local government financing vehicles — was at 14.3 trillion yuan ($2 trillion) at the end of 2023.
BUSINESS / Economy
Nov 11, 2024

What you need to know about China's $1.4 trillion debt package

Beijing aims to swap "hidden debt" for official debt to help local governments save hundreds of billion yuan in interest, and unclog money pipes to the real economy.
Sports motorbikes in various colors are sold at a Yamaha dealer in Chennai, India.
BUSINESS / Companies
Nov 11, 2024

Yamaha Motor targeting Generation Z in India

There is strong demand for motorcycles in the country of more than 1.4 billion people, and local automakers with cheap products command a sizable market share.
Pocky Day has grown into an informal annual tradition since its introduction in 1999, with stores across Japan offering special edition flavors and creative packaging to mark the occasion on Nov. 11.
BUSINESS / Companies
Nov 11, 2024

Pocky Day: Japan’s sweetest occasion

Since 1999, Nov. 11 has marked Pocky Day, the date being a nod to the stick-like shape of the beloved treat.
Japanese exporters could be hit by higher U.S. tariffs.
BUSINESS / Economy
Nov 11, 2024

Trump tariffs could have a significant impact on Japanese exports

The U.S. president-elect has promised 10% to 20% duties on all goods coming into the United States.
A man walks past the Bank of Japan headquarters in Tokyo on Oct. 30.
BUSINESS
Nov 11, 2024

Worsening corporate mood and bankruptcies cloud BOJ's rate hike path

Some BOJ board members have voiced concerns that intensifying labor shortages could constrain growth, rather than lead to higher wages.
Shipping containers are seen at the Port of Nanjing in eastern China's Jiangsu province on Oct. 17.
BUSINESS / Markets
Nov 12, 2024

China approaches record $1 trillion trade surplus to world’s ire

The pace of widening puts China on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce.
Shares in retailers may rise after Prime Minister Shigeru Ishiba formed a minority government that may cut taxes to lure cooperation from opposition parties.
BUSINESS / Economy
Nov 12, 2024

Minority government in Japan can help retail stocks and utilities

Prime Minister Shigeru Ishiba may cut taxes to keep smaller parties on side — increasing workers’ disposable income.
Soldiers patrol as people flee armed gang violence in Yajalon, Chiapas state, Mexico, on June 9.
WORLD / Crime & Legal
Nov 12, 2024

Crime costs Latin America and Caribbean almost what region spends on education

Beyond the human toll, the cost of crime amounts to almost 80% of the region's public budgets for education.
Japan will urge automakers to make all new passenger cars biofuel-compatible by the early 2030s, with an action plan from the industry ministry expected next summer.
BUSINESS / Economy
Nov 12, 2024

Japan to aim for all new cars to be biofuel-compatible in 2030s

The ministry will adopt an action plan around next summer and also plans to support the necessary renovation of gas stations.
KitKat packets manufactured by Nestle in London
BUSINESS / Companies
Nov 12, 2024

Nestle's KitKat signs Formula 1 deal as CEO Freixe seeks broader appeal

The aim of the deal was to improve KitKat's global reach and appeal to shoppers under 30 years old.
Two Harvard University students have adapted the Ray-Ban Meta smart glasses and computer software to create spectacles utilizing existing face recognition technology to identify people in real time.
BUSINESS / Tech
Nov 12, 2024

Are face-scanning smart glasses a problem or prophecy?

A hack by two Harvard University students raises concern about the unforeseen risks of artificial intelligence and mixing of existing technologies.
Global investment firms plan to beef up hiring in Japan, as deals surge on the domestic market.
BUSINESS / Companies
Nov 12, 2024

Global investment firms hunt for talent in Japan as deals boom

The hiring spree underscores the intensity of dealmaking in Japan, which has been a rare bright spot amid a slowdown in M&A deals globally over the last couple of years.
SoftBank returned to the black in the three months to September, as it benefited from higher share prices of listed companies in its Vision Fund investment vehicles.
BUSINESS / Companies
Nov 12, 2024

SoftBank back to quarterly profit with ¥1.18 trillion gain

The tech giant benefited from higher share prices of listed companies in its Vision Fund investment vehicles.
An infrastructure project in the city of Mumbai. The International Monetary Fund forecasts 7.0% growth for India in 2024 and 6.5% in 2025, compared with 0.3% growth for Japan this year and 1.1% next year.
BUSINESS / Economy
Nov 12, 2024

India set to overtake Japan in GDP rankings

Economic stagnation and a weak yen could take Japan's economy to fifth place globally as early as next year.
Prime Minister Shigeru Ishiba, who doubles as president of the ruling Liberal Democratic Party, speaks at a gathering on the party's political reform plans on Tuesday in Tokyo.
JAPAN / Politics
Nov 12, 2024

Ishiba's minority government begins first day of business with focus on reform

With the ruling coalition no longer having a majority, Ishiba will likely be forced to make significant concessions to the opposition camp.
A BitBase cryptocurrency exchange in Barcelona on Monday. Bitcoin’s record-breaking rally took the digital asset past $89,000 as traders bet on a boom under President-elect Donald Trump.
BUSINESS / Tech
Nov 13, 2024

Swagger returns to cryptocurrency as bitcoin soars

Crypto is in the grip of a market mania the likes of which it hasn’t seen since 2021.
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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