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January 30, 2025
 

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The Bank of Japan headquarters in Tokyo on Friday
BUSINESS / Economy
Jan 25, 2025

Central bank appears poised to break through 0.5% rate barrier this year

The central bank's board voted Friday to increase its target for its short-term policy rate to around 0.5% from around 0.25%.
U.S. President Donald Trump attends an event about the economy at the Circa Resort and Casino in Las Vegas on Saturday.
WORLD / Politics / FOCUS
Jan 26, 2025

Trump’s frenzied debut delights base as thornier decisions await

The honeymoon is hardly assured to last, with the U.S. president so far avoiding drastic steps that would tempt backlash from his party, Wall Street or both.
The U.S. head office of TikTok in Culver City, California
BUSINESS / Tech
Jan 26, 2025

White House in talks to have Oracle and U.S. investors take over TikTok

Under the deal, ByteDance would retain a stake in the company, but data collection and software updates would be overseen by Oracle.
Smoke rises as the Border 2 Fire burns in Chula Vista, California, on Friday in this screen grab obtained from a social media video.
WORLD
Jan 27, 2025

Fire-ravaged Los Angeles braces for toxic rain runoff

The rain will also bring cleaner air and improve fire-fighting conditions, but overall, it will make things worse.
A turbine spins at the South Fork Wind site, approximately 56 kilometers off the coast of Montauk, New York, in December 2023.
BUSINESS / Tech
Jan 27, 2025

Trump casts chill over U.S. wind energy sector

The president has signed a series of executive orders that has brought the sector into crisis.
A worker assembles temporary shelters in preparation for mass deportations at the U.S.-Mexico border in Ciudad Juarez, Chihuahua state, Mexico, on Friday.
BUSINESS / Economy
Jan 27, 2025

Wall Street banks on Trump not following through on immigration pledges

Mass deportations would likely upend industries as varied as service-heavy hospitality and leisure, labor-intensive agriculture, food production, manufacturing and construction.
Hong Kong's commercial real estate sector is going through one of its worst slumps in history.
BUSINESS / Markets
Jan 27, 2025

Hong Kong’s property distress is catching up with city’s banks

Banks with soured loans and mortgages have been reluctant to sell the underlying real estate assets at a loss — but that is changing.
A worker walks past cattle carcasses at the municipal slaughterhouse in Sao Felix do Xingu, Brazil.The country is in talks with Japan over exports of its beef.
BUSINESS
Jan 27, 2025

Brazil in talks for beef shipments to Japan in threat to U.S.

The U.S. is currently one of Japan’s major beef suppliers, but the country is dealing with a severe shortage of cattle that drove a spike in beef imports from Brazil.
Fuji TV President Koichi Minato (left) and Chairman Shuji Kanoh, also chairman of the broadcaster's parent company Fuji Media Holdings, bow during a news conference in Tokyo on Monday. The two have announced their resignations.
JAPAN / Society
Jan 28, 2025

Fuji TV president resigns over handling of Masahiro Nakai scandal

Koichi Minato has been the target of criticism following the revelation that he became aware of the incident involving Nakai right after it occurred in June 2023.
Perplexity AI has revised a merger proposal submitted to ByteDance, owner of TikTok.
BUSINESS / Tech
Jan 27, 2025

Perplexity AI proposes to merge with TikTok, with U.S. government getting half, source says

The proposal calls for the U.S. government to own up to 50% of the new company upon a future initial public offering.
US Steel’s Mon Valley facility in Pennsylvania. Activist investor Ancora Holdings Group has nominated nine candidates for U.S. Steel’s board and is pushing for the company to abandon a takeover by Nippon Steel.
BUSINESS / Companies
Jan 27, 2025

Ancora seeks U.S. Steel board revamp and end to Nippon Steel deal

The Cleveland-based activist investor intends to push U.S. Steel to end litigation aimed at rescuing the Nippon Steel deal and instead collect a $565 million breakup fee.
Brookfield Asset Management has bought a stake in Gajoen, a mixed-use luxury complex in Tokyo, and plans to ramp up real estate investments in Japan.
BUSINESS
Jan 27, 2025

Brookfield seeks to buy more property in Japan after $1.6 billion in deals

There has been a trend of increased foreign investor activity in Japanese real estate in recent years, buoyed by the weak yen and cheap financing.
U.S. President Donald Trump signs executive orders including a flurry of actions on immigration in the hours after taking office.
COMMENTARY / World
Jan 27, 2025

America’s mass deportation clash is unprecedented

So when ICE moves from selective targets aimed at serious criminals to the mass roundups Trump promised, that is when the public may recoil.
People line up to use an ATM in the separatist-controlled city of Donetsk, Ukraine, days after Russian President Vladimir Putin authorized the full-scale invasion of the country in February 2022. Western financial sanctions have weighed on the Russian ruble, which has sunk from 34 to the dollar in 2013 to around 100 today.
COMMENTARY / World
Jan 27, 2025

Putin’s war is fueling Russian stagflation

For a normal country, a budget deficit of 2% of GDP would be of no concern. But Russia is not a normal country.
Hanna Shelest outside her apartment building in Odesa, Ukraine, on Jan. 20
COMMENTARY / World
Jan 27, 2025

I spent Trump’s inauguration in Ukraine. This is what I saw.

In nearly three years since Russia’s invasion, Odesa has moved from shock and fear to denial and, finally, adaptation.
Constitutional Democratic Party head Yoshihiko Noda (right) at a plenary session in the Lower House in Tokyo on Monday
JAPAN / Politics
Jan 27, 2025

Constitutional Democratic Party head grills Ishiba on diplomacy with Trump

The CDP leader raised concerns about the United States' decision to withdraw from the World Health Organization and the Paris agreement on climate change.
China's DeepSeek carries far-reaching implications for the global tech industry and supply chain.
BUSINESS / Tech
Jan 27, 2025

Why is the AI world freaking out over China's DeepSeek?

DeepSeek has far-reaching implications for the global tech industry, upending the widespread belief that the future of AI will require ever-increasing amounts of power.
Katsumi Murakami, a Lawson convenience store owner in Kobe, talks about his experience in the 1995 earthquake and how convenience stores can serve a lifeline in times of disaster.
JAPAN
Jan 28, 2025

Convenience stores' importance grew after Kobe earthquake, one owner says

The owner recalled handing out food from his Lawson convenience store following the 1995 earthquake and ensuring it was open for business three months later.
Scott Bessent, then nominee for U.S. treasury secretary, arrives for his confirmation hearing before the Senate Finance Committee on Capitol Hill in Washington on Jan. 16.
BUSINESS / Economy
Jan 28, 2025

Billionaire financier Bessent confirmed as Trump's treasury chief

The new treasury secretary will be the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.
Chinese startup DeepSeek launched a free AI assistant last week that it says uses less data at a fraction of the cost of incumbent services.
BUSINESS / Tech
Jan 28, 2025

DeepSeek sparks global AI selloff, with Nvidia losing around $593 billion

Chinese startup DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services.
Engineers with Chinese startup DeepSeek built a competitive AI model despite U.S. attempts to curtail China’s tech development, raising questions about the effectiveness of Washington’s trade curbs.
BUSINESS / Tech / FOCUS
Jan 28, 2025

DeepSeek’s AI model tests limits of U.S. restrictions on Nvidia chips

Powerful AI software from the Chinese startup indicates its engineers built a competitive model despite U.S. attempts to curtail Beijing's tech development with trade curbs.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference following the central bank's policy meeting on Friday.
BUSINESS / Economy
Jan 28, 2025

BOJ watchers think next interest rate hike will be in six months

The central bank is likely to pause a while before bringing the rate up to 0.75%, the highest rate since 1995.
Indonesian President Prabowo Subianto salutes during a welcoming ceremony at the government palace, on the sidelines of the Asia-Pacific Economic Cooperation summit, in Lima, Peru, on Nov. 14, 2024.
ASIA PACIFIC / Politics
Jan 28, 2025

New Indonesian president's reliance on military tests fragile democracy

Replacement of civilian functions with the military is raising comparisons to an authoritarian-era doctrine that let the armed forces crush dissent and dominate public life.
At a news conference regarding the joint delivery service, Yamato Holdings President Yutaka Nagao (left), and Fujitsu President Takahito Tokita (right) pose for a photo on Monday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Jan 28, 2025

Yamato and Fujitsu to launch more efficient delivery service

The two companies aim to optimize deliveries across industries by loading packages from various clients onto a single truck and improving loading rates.
A worker drives past residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China's Zhejiang province. The indebted Chinese property developer warned on Monday that it incurred major losses in 2024, a filing at the Hong Kong Stock Exchange showed.
BUSINESS / Companies
Jan 28, 2025

Rare China support shows Vanke may be too big to fail

The unusual support shows that Vanke holds a special place within China’s moribund property sector.
The government has nominated Waseda University professor Junko Koeda to join the Bank of Japan’s policy board at the end of March.
BUSINESS
Jan 28, 2025

Ishiba’s government taps academic Koeda to join BOJ board

In 2022, Koeda argued in a column in the Nikkei newspaper that it’s important to look at the negative impact of prolonged ultralow interest rates.
The flags of Panama and China are seen during a meeting held with Chinese and Panamanian companies to sign several trade agreements, in Panama City, Panama, on Aug. 26, 2024.
WORLD / Politics
Jan 28, 2025

U.S. has options to address Chinese influence in Panama, U.S. official says

Trump has previously refused to rule out the possible use of military force, drawing criticism from Washington's Latin American friends and foes alike.
A government panel said Norinchukin Bank's huge losses stemmed from excessive investments in foreign bonds.
BUSINESS
Jan 28, 2025

Norinchukin urged to tap outside expertise and diversify portfolio after losses

A government panel has advised the bank to increase members of its board with experience in financial markets, including from outside the organization.
Members of the media raise their hands for questions as outgoing Fuji TV President Koichi Minato attends a news conference in Tokyo on Monday.
JAPAN / Explainer
Jan 28, 2025

What we learned at Fuji TV's marathon Nakai scandal news conference

Longtime executive of Fuji TV Hisashi Hieda, who has been dubbed the “emperor” of the broadcaster, was not present at the news conference and did not resign.
Prime Minister Shigeru Ishiba attends an ordinary session of parliament along with his Cabinet ministers on Friday. Ishiba has toned down his stance on legally allowing married couples to have separate surnames.
JAPAN / Politics / FOCUS
Jan 28, 2025

Ishiba tones down stance on dual-surname debate

While previously being all in favor of a dual-surname system, the prime minister has recently suggested considering a "compromise" of legally expanding the use of maiden names.
Hiroshima and Nagasaki mayors invite Trump to visit on 80th anniversary of atomic bombing
The preserved Atomic Bomb Dome is seen behind the Cenotaph for the victims of the atomic bombing at the Hiroshima Peace Memorial Park last October.
Japanese man ends his 6,000 kilometer Africa rickshaw trek in Cape Town
Yuji "Gump" Suzuki, the Japanese runner and social media sensation, runs with supporters while pushing his rickshaw as he nears his goal in Cape Town, South Africa, on Sunday.
Sumo avoids chasm at top as Hoshoryu picked for top rank
Hoshoryu answers questions from reporters after being recommended for the rank of yokozuna, in Taito Ward, Tokyo, on Monday.
Sumo’s newest yokozuna is all smiles — but major challenges await
Hoshoryu (front, second from left) celebrates after being promoted to yokozuna on Wednesday in Tokyo.
What we learned at Fuji TV's marathon Nakai scandal news conference
Members of the media raise their hands for questions as outgoing Fuji TV President Koichi Minato attends a news conference in Tokyo on Monday.
In meat- and fish-loving Japan, veganism is making a comeback
Though vegan restaurants have been on the upswing since 2017, Japanese vegans still lack a wide variety of options.
Who are the key figures involved in the growing Fuji TV scandal?
Fuji TV adviser Hisashi Hieda in 2005
What we learned at Fuji TV's marathon Nakai scandal news conference
Members of the media raise their hands for questions as outgoing Fuji TV President Koichi Minato attends a news conference in Tokyo on Monday.
Kanoa Igarashi dreams big as surfing championship tour gets underway
Kanoa Igarashi surfs in the Hurley Pro Sunset Beach competition in Oahu, Hawaii, on Feb. 18.
How Japan is looking deep underground to solve its carbon problem
A pipe for transporting carbon dioxide to removal equipment at a carbon capture and storage (CCS) test site in Tomakomai, Hokkaido.

Podcast

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

Longform

Ayumi Matsuki, a priestess at Yoshiwara Shrine, shows off some "o-mamori" charms. She says visitors to the shrine have increased since the NHK drama “Unbound” began airing this month.
Tracing Tsutaya Juzaburo, Edo’s media maverick
By Alex K.T. Martin

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