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November 22, 2024
 

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John Tierney is replacing Jonathan Lewis as CEO of Nomura Europe Holdings and Nomura International, the bank’s key European subsidiaries, according to a statement Tuesday.
BUSINESS / Companies
Nov 13, 2024

Nomura changes course on top European banker after eight months

Nomura has come under pressure to improve its operations since Japanese regulators found that one of its traders had manipulated the market for government bonds.
A fund controlled by Effissimo Capital Management has taken a stake in Nissan Motor.
BUSINESS / Companies
Nov 13, 2024

Nissan enters new era of turmoil as Effissimo takes stake

The big question is whether CEO Makoto Uchida can deliver a turnaround or be forced to make more drastic changes by an influential outsider.
Delivery trucks in Chiba in 2023
BUSINESS
Nov 13, 2024

Japan to promote the joint transportation of local goods

The measure is aimed at addressing the truck driver shortage in Japan.
Nippon Steel Chairman and CEO Eiji Hashimoto told a local weekly that a lawsuit is possible if the company's proposed buyout of U.S. Steel gets blocked without proper procedures being followed.
BUSINESS / Companies
Nov 13, 2024

Nippon Steel does not rule out lawsuit if U.S. Steel deal nixed, CEO says

If the deal falls through without a legitimate reason or proper procedures, the Japanese steelmaker would consider suing the U.S. government, CEO Eiji Hashimoto says.
Digital minister Masaaki Taira, who has jurisdiction over a bill to introduce an “active cyberdefense” system, speaks during an interview in Tokyo on Tuesday.
JAPAN / Politics
Nov 13, 2024

Government set to postpone submission of cyberdefense bill to next year

The delay in the bill to introduce an "active cyberdefense" system follows the ruling bloc's election drubbing, which drained the prime minister's political capital.
The corporate goods price index rose 3.4% in October from a year earlier, Bank of Japan data showed, above market forecasts for a 3.0% gain.
BUSINESS / Economy
Nov 13, 2024

Japan's wholesale inflation heightens uncertainty on rate hike timing

A spike in the price of rice, coupled with the increasing cost of nonferrous metals, food and oil, pushed up overall wholesale inflation.
According to The Japan Fair Trade Commission, Kadokawa notified 26 subcontractors in January 2023 that it would unilaterally cut compensation rates for content slated for Lettuce Club from its April 2023 issue and beyond.
BUSINESS / Companies
Nov 13, 2024

Kadokawa warned over unfair payment practices

In a joint statement issued Tuesday, Kadokawa and its subsidiary pledged to pay the outstanding amounts once calculations are complete.
Youth leaders at the COP29 United Nations climate change conference in Baku, Azerbaijan, which started on Monday and runs until Nov. 22. Youth participation is key to the success of climate diplomacy as the international community strives to limit global warming.
COMMENTARY / World
Nov 13, 2024

A blueprint for youth inclusion in climate diplomacy

Youth participation is vital to keeping the 1.5 degrees Celsius target within reach, one under discussion at the ongoing COP29 climate change conference in Azerbaijan.
Seven & I Holdings on Wednesday said that it has received a nonbinding offer for the company from Junro Ito, a vice president and representative director of the company, and Ito Kogyo, a company connected to him.
BUSINESS / Companies
Nov 13, 2024

Seven & I considers massive management buyout offer

The offer brings together a member of the company’s founding family, a giant trading company and some of Japan’s largest banks.
Masato Kanda, then-vice minister of finance for international affairs, in January 2022
BUSINESS
Nov 13, 2024

As pain from weak yen deepens, Japan's ex-currency chief Masato Kanda warns of action

Kanda's warning came as the Japanese currency weakened to a three-month low of near ¥155 to the dollar.
Rory McIlroy deemed 2024 as a success despite missing out on winning his fifth major.
MORE SPORTS
Nov 14, 2024

Rory McIlroy motivated to keep up with Scottie Scheffler and Xander Schauffele

McIlroy said will be more selective about the events he plays in the United States next year.
Tesla CEO and X owner Elon Musk walks on the tarmac at Joint Base Andrews in Maryland on Wednesday.
WORLD / Politics
Nov 14, 2024

How will Musk's new U.S. government efficiency panel work?

Although the U.S. president-elect has said little about how the group will operate, Elon Musk previously set a goal of cutting $2 trillion of federal spending.
Nippon Steel Vice President Takahiro Mori is set to visit United States next week to meet with union members in a bid to move forward a U.S. Steel takeover deal.
BUSINESS / Companies
Nov 14, 2024

Nippon Steel’s vice president to meet steelworkers in Pittsburgh next week

The move shows the Japanese company is making a push to persuade union members that its bid to take over U.S. Steel will be good for workers.
U.S. President-elect Donald Trump speaks to House Republicans on Capitol Hill in Washington on Wednesday.
WORLD / Politics
Nov 14, 2024

‘Call anytime you want’: Trump roils G20 with disdain for rules

World leaders who didn’t experience Donald Trump’s first merry-go-round are quickly learning how he likes to operate.
In the past two weeks, developer DeNA has raked in over $50 million for the Pokemon Trading Card Game Pocket app, a free-to-play game that charges for premium features.
BUSINESS / Tech
Nov 14, 2024

Gotta collect 'em all: New Pokemon trading card game becomes big hit

The novel yet nostalgic app has amassed over 30 million downloads worldwide in the first two weeks of its release.
Activists wearing masks depicting then-U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau take part in a protest outside the COP25 U.N. climate change conference in Madrid in December 2019.
COMMENTARY / World
Nov 13, 2024

What does Trump’s victory mean for climate change?

Trump already levied a 25% tariff during his first presidency and it did nothing to help U.S. automakers prepare for the electric future.
Taxes on U.S. citizens working abroad aren’t excessive so much as excessively complicated.
COMMENTARY / World
Nov 14, 2024

Trump is right: Expat taxes are too complicated

Taxes on U.S. citizens working abroad aren’t excessive so much as excessively complicated.
Takeshi Shina, an opposition lawmaker and a member of the Lower House's financial committee, has frequently summoned Bank of Japan governors, including incumbent Kazuo Ueda, to parliament for grilling on monetary policy.
BUSINESS / Economy
Nov 14, 2024

BOJ should raise rates to 1% to reverse weak yen, says CDP lawmaker

His remarks highlight how concern over the demerits of a weak yen will remain a key topic of debate among politicians.
Democratic Party for the People chief Yuichiro Tamaki wants to the tax-free annual income ceiling raised to ¥1.78 million ($11,410).
BUSINESS / Economy
Nov 14, 2024

Japan’s key political issue rests on an enduring economic myth

Economists cast doubts on the Democratic Party for the People's push for raising the tax-free income threshold — its key demand to the ruling coalition for its support.
Administrative Reform Minister Masaaki Taira at an autumn review session for national programs on Thursday in Tokyo.
JAPAN / Politics
Nov 14, 2024

Reform minister says Japan will monitor Musk's approach to government efficiency

"We will closely follow the approach and incorporate it into our administrative reform efforts," Administrative Reform Minister Masaaki Taira noted.
Japan's economy expanded by an annualized 0.9% in the third quarter, data showed.
BUSINESS / Economy
Nov 15, 2024

Japan’s economy beats consensus in boost for BOJ rate hike case

Gross domestic product expanded at an annualized pace of 0.9% in the three months through September from the prior period, a tad higher than the 0.7% consensus estimate.
The U.S. said Japan should carry out interventions "only for very exceptional circumstances with appropriate prior consultations."
BUSINESS / Markets
Nov 15, 2024

U.S. keeps Japan on forex monitoring list

The U.S. Treasury Department said Japan should carry out interventions "only for very exceptional circumstances with appropriate prior consultations."
The newly opened Nintendo Museum and upcoming Donkey Kong Country area of Universal Studios Japan are the latest examples of the gaming giant's efforts to expand beyond traditional consoles and handhelds.
LIFE / Digital
Nov 16, 2024

Why Nintendo is becoming a 'talent agency' for its beloved characters

Game and console sales account for over 90% of Nintendo's revenue, so exposure to characters could be "a trigger" to attract more people to consoles.
Positioned as Google's answer to OpenAI’s ChatGPT, Gemini aims to tap into Apple's vast user base to expand its footprint in a rapidly evolving artificial intelligence landscape.
BUSINESS / Tech
Nov 15, 2024

Google launches Gemini app — with Japanese support — on iOS App Store

The app gives iOS users direct access to Gemini, which was previously accessible only by navigating through the main Google app or a web browser.
A Ferrari F12tdf fetched a record-high price of ¥171,001,000 ($1.09 million) in a tax agency auction this week.
BUSINESS
Nov 15, 2024

Ferrari sells for ¥171 million at Japanese tax sale

The gunmetal gray Ferrari F12tdf, registered in 2017 and with only 1,509 kilometers on the odometer, received 127 bids during the auction.
Tokyo Metropolitan Police have seized fake gold grains and notepads passed off as cash that were used to swindle a company executive in Tokyo's Chiyoda Ward in October 2023.
JAPAN / Crime & Legal
Nov 15, 2024

British national arrested for over ¥13 million cash swap swindle

Joe Kpoto, 40, allegedly made off with the cash in a fake gold transaction by passing off a notepad as a stack of banknotes.
Donald Trump remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to persuade rank-and-file union members and politicians to support the $14.1 billion acquisition of the iconic American company.
BUSINESS / Companies
Nov 16, 2024

Trump promised to kill U.S. Steel deal. Now what?

The president-elect remains mum on the deal just as a top Nippon Steel executive readies a trip to Pittsburgh to rally support for the sale.
Former Nissan Chairman Carlos Ghosn poses during the opening of the Beirut Sports Festival in Beirut on May 23.
BUSINESS
Nov 16, 2024

French prosecutors request Carlos Ghosn and French minister stand trial

Ghosn's lawyers said he had learned about the request through media reports and challenged the legal basis of the legal procedures.
The yuan risks years of downward pressure during the second Trump presidency, and the threat of another trade war is already fueling bets against the currency.
BUSINESS / Economy / ANALYSIS
Nov 16, 2024

China’s dream of ‘powerful currency’ runs Into Trump’s return

The yuan risks years of downward pressure during the second Trump presidency, and the threat of another trade war is already fueling bets against it.
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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