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December 05, 2024
 

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The front page of the final Japan Times of the 1900s carried news on the crown princess as well as the Y2K computer glitch panic.
JAPAN / History / Japan Times Gone By
Dec 3, 2024

Japan Times 1999: Stores hit by Y2K stockpile feeding frenzy

From year-end predictions by mystics to panic from technologists, Decembers past have brought more than just year-end tidings to those reading the news.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024

Nissan is awash in outdated models as car buyers look elsewhere

While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei on June 4. When Gelsinger met with the Intel board last week, he was given the option to retire or be removed.
BUSINESS / Companies
Dec 3, 2024

Intel CEO forced out by board frustrated with slow progress

Whoever replaces Pat Gelsinger will face the same set of problems he was brought in to fix, including the fallout from decisions made by his predecessors.
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
BUSINESS / Economy
Dec 3, 2024

BOJ weighs case for first triple hike since Japan’s bubble burst

The last time the BOJ conducted three hikes in a single year was in 1989, with the third increase that year coming on Christmas Day.
Generative artificial intelligence search technology is proving valuable for searching corporate databases.
BUSINESS / Tech
Dec 3, 2024

Japanese firms begin adopting generative AI for information searches

AI technology is proving valuable for searching corporate databases and providing concise, natural-sounding answers.
Funai Electric Chairperson Yoshiaki Harada holds a news conference in Tokyo's Chuo Ward on Monday.
BUSINESS / Companies
Dec 3, 2024

Funai's chairman files for its court-led rehabilitation

The court decision came after one of the company's directors filed a "quasi-voluntary bankruptcy" petition in late October.
The yen carry trade is expected to ramp up next year, driven by wide gaps in interest rates, higher government borrowing in the U.S. and low volatility in currency markets, analysts say.
BUSINESS / Markets
Dec 3, 2024

Yen carry trade that rattled markets shows signs of a comeback

Japanese retail investors as well as leveraged funds and asset managers outside the country are estimated to have boosted bearish wagers on the yen in November.
An image of active and defunct satellites in low Earth Orbit is seen on a Digantara terminal in Bengaluru, India, on Nov. 22.
WORLD / Politics
Dec 3, 2024

Global push for cooperation as space traffic crowds Earth's orbit

A United Nations panel on space traffic coordination called for a shared database of orbital objects as well as an international framework to track and manage them.
"No matter who takes the helm, Japan’s fiscal discipline will worsen in a situation like this," said Mana Nakazora, a credit analyst on an economic panel advising Prime Minister Shigeru Ishiba.
BUSINESS / Economy
Dec 3, 2024

Japan needs a wake-up call on debt, government advisor warns

The advisor criticized the government’s decision to resume subsidies for utilities as part of the stimulus package.
War Tours co-founder Dmytro Nykyforov stands next to a destroyed Russian tank at a tank graveyard during a tour near Dmytrivka village, outside Kyiv, on Nov. 7.
WORLD
Dec 3, 2024

Ukraine sees influx of Western war tourists

Ukraine's destroyed Irpin brige, blown up to stop Russian troops in 2022, is now one of many hotspots for thrill-seeking tourists visiting the country.
An official from the Japan Council of Metalworkers' Unions writes on a board the results of this year's shuntō annual spring labor negotiations in March in Tokyo.
BUSINESS / Economy
Dec 3, 2024

JCM to demand pay-scale hike of ¥12,000 or more in 2025

The organization is aiming to ensure wage increases exceed the rate of inflation.
The primary motivation for potentially adding Japan to the Five Eyes alliance is the considerable intelligence contributions the country could make concerning China, North Korea, Eastern Russia and East and Southeast Asia.
COMMENTARY / Japan
Nov 30, 2024

If ever invited, should Japan make it 'Six Eyes'?

The primary motivation for potentially adding Japan to the alliance is the considerable intelligence contributions the country could make.
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Dec 3, 2024

Nomura CEO takes pay cut after former employee charged with attempted murder

The CEO and four other executives will take a 30% pay cut for three months, while five members of the board will take a 20% pay cut for the same period.
A demonstrator wearing a mask of President Yoon Suk Yeol dances near a line of police officers across the street from the main gate to the National Assembly building in Seoul on Wednesday.
BUSINESS
Dec 4, 2024

South Korea’s whirlwind stint in martial law jolts markets

The move sparked whiplash in the country’s foreign-traded assets and caught global markets off guard.
Vietnamese property tycoon Truong My Lan (right) looks on at a court in Ho Chi Minh city on Tuesday.
ASIA PACIFIC / Crime & Legal
Dec 4, 2024

Vietnam tycoon loses death penalty appeal over fraud scandal

Under Vietnamese law, Truong My Lan can have her death sentence commuted to life in prison if she returns an estimated $11 billion.
Facebook parent company Meta is asking developers to submit proposals to deliver 1 to 4 gigawatts of nuclear energy, starting in the early 2030s.
BUSINESS / Tech
Dec 4, 2024

Meta seeks new nuclear reactors to run U.S. data centers

The Facebook parent is asking developers to submit proposals to deliver 1 to 4 gigawatts of reactor capacity, starting in the early 2030s.
Netflix's subscribers in Japan topped 10 million in the first half of this year, with Japanese content being its third-most-viewed non-English content, after those in Korean and Spanish.
BUSINESS / Companies
Dec 4, 2024

Netflix Japan subscribers top 10 million

The streaming firm's Japanese-language programming is grabbing attention in the growing market.
The Bank of Japan regularly sells government bonds with repurchase agreements to boost liquidity.
BUSINESS / Economy
Dec 4, 2024

BOJ sells 10-year cash bonds to ease shortage tied to futures

The BOJ owned ¥8.03 trillion of the bonds due in March 2032 as of Nov. 29, down from ¥8.23 trillion on Nov. 20.
The government plans to lower official drug prices for fiscal 2025 while carefully considering the scope of items subject to the planned cuts in light of the impacts on drugmakers.
BUSINESS
Dec 4, 2024

Japanese drug market prices 5.2% lower than official prices

Generic drugs made up 62.1% of the market by value in September, with a government target of 65% by fiscal 2029 to cut medical costs.
People walk past a board displaying currency exchange rates of the U.S. dollar and Euro against Russian ruble in Moscow on Nov. 27.
BUSINESS / Markets
Dec 4, 2024

Why the euro is closing in on parity with the U.S. dollar again

Hitting parity is psychologically significant for investors and policymakers and could spur a period of volatility for the euro.
Donna Nelson (fourth from left) with her family members. Nelson was found guilty of smuggling drugs to Japan.
JAPAN / Crime & Legal
Dec 4, 2024

Australian woman given six-year sentence over Japan drug smuggling

Donna Nelson has said that she was a victim of an online romance scam and that she was not aware she was carrying luggage containing illegal drugs.
Lakers forward Rui Hachimura drives to the hoop against Suns guard Devin Booker during a game on Nov. 26.
BASKETBALL
Dec 4, 2024

Rui Hachimura's criticisms of Japan Basketball Association cause a stir

The JBA has said that there was "miscommunication" between it and the Los Angeles Lakers forward.
A grapnel, used to retrieve cables, on the deck of the Leon Thevenin in Cape Town on April 30. In a wireless world, it is easy to forget the all-too-real cables that snake across the turbulent ocean floor — until they snap.
WORLD
Dec 4, 2024

When undersea cables break, a wireless world’s vulnerability is exposed

Landslides, a ship dragging its anchor, military skirmishes and sabotage can all damage cables.
South Korea's Yoon backs down after parliament rejects martial law
Soldiers try to enter the National Assembly building in Seoul, after South Korea President Yoon Suk Yeol declared martial law late Tuesday evening.
BOJ weighs case for first triple hike since Japan’s bubble burst
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
Australian says romance scam tricked her into smuggling drugs into Japan
Donna Nelson says her life was turned upside down when she learned that the man she was falling for had tricked her into smuggling 2 kilograms of methamphetamine into Japan.
Jetstar Japan loses lawsuit over disciplinary action against cabin crew
Jetstar Japan has been ordered to pay back wages to two cabin crew members for the periods they were suspended.
Nomura CEO takes pay cut after former employee charged with attempted murder
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
U.S. Space Force launches first unit in Japan
Activated on Wednesday, U.S. Space Forces Japan — a component similar to the one established at South Korea’s Osan Air Base in 2022 — will operate out of Yokota Air Base in the city of Fussa, western Tokyo, with a staff of about 10.
Can Japan's scientific community rebound from a Nobel nosedive?
The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Europe eyes 'boots on the ground' in Ukraine as possible peace deal option
A serviceman with the Ukrainian Army's 24th mechanized brigade fires a machine gun during an exercise, amid Russia's attack on Ukraine, in the country's Donetsk region on Friday.
Seven strangers and an algorithm: Can this new dinner app help you make friends?
Timeleft uses an algorithm to match its users with five or six strangers in an effort to prompt “human connection” over dinner at a restaurant. It determines the attendees with the help of a simple personality quiz available when you sign up for the service.
Don’t worry, you can still use your Japan health insurance card — for now
A My Number card reader at a pediatric clinic in Tokyo. While the government will stop issuing new health insurance cards on Monday, most people will remain unaffected by the move in the short term as existing health insurance cards can still be used for another year.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Can Japan's scientific community rebound from a Nobel nosedive?
By Tomoko Otake

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