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February 11, 2025
 

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Nissan needed this deal a lot more than Honda as billions of dollars of debt due in the next year closes in.
COMMENTARY
Feb 6, 2025

Scrapping Honda deal would leave Nissan stranded

Nissan needed this deal a lot more than Honda. As billions of dollars of debt due in the next year close in, the former may get pushed into an even less favorable deal.
Gaza’s reconstruction is needed, but U.S. President Donald Trump’s approach — framing it as a business deal without addressing Palestinian political aspirations — makes little sense as foreign policy.
COMMENTARY / World
Feb 6, 2025

Trump’s ‘Gaza Riviera’ scheme may be more than a fantasy

It’s tempting to dismiss Donald Trump’s bid to take over Gaza as just another wild proposal, designed more to change the conversation and wrong-foot negotiating partners than as policy.
Manchester City's Erling Haaland (center of three) looks dejected after Thomas Partey scores Arsenal's second goal on Sunday.
SOCCER
Feb 6, 2025

Manchester City’s troubles spread from Premier League to politics

After years of dominance, this season Man City is regularly losing matches. But it is events off the pitch that risk undoing one of the world's biggest soccer clubs.
The consortium proposing to take Seven & I Holdings private has tapped Citigroup and Bank of America for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, people familiar with the matter said.
BUSINESS
Feb 7, 2025

Seven & I consortium to tap Bank of America and Citi for financing

The two U.S. banks’ role in the bid would be to refinance the debt of Seven & I’s U.S. unit.
David Burritt, president and chief executive officer of U.S. Steel, in Detroit in September
BUSINESS / Companies
Feb 7, 2025

Trump meets U.S. Steel CEO as Nippon Steel hopes to save deal

The meeting took place one day before Trump is due to meet with Prime Minister Shigeru Ishiba.
Japanese household consumption in December grew at the fastest pace since August 2022, but it is uncertain whether the gains are sustainable, given wage growth in the month was largely supported by the temporary effect of bonuses.
BUSINESS / Economy
Feb 7, 2025

Japan’s household spending jumps the most since 2022 as wages rise

Outlays adjusted for inflation gained 2.7% in December from a year earlier, according to internal affairs ministry data.
The government plans to allow foreign nationals to engage in home care services, a sector struggling with a labor shortage.
JAPAN
Feb 7, 2025

Japan looks to allow foreign nationals to engage in home care services

Non-Japanese would be allowed to work in the sector if they meet certain conditions, such as receiving training.
While the ruling minority government’s weakened position has emboldened opposition parties to push for more spending across multiple policy fronts, the International Monetary Fund has warned there is limited space today in Japan to address the risks of natural disasters and mounting social security costs.
BUSINESS / Economy
Feb 7, 2025

Japan needs immediate deficit cut to fix fiscal path, IMF warns

The government needs to prepare now to avoid negative surprises four or five years down the road, the IMF’s Japan mission chief says.
A monitor in Tokyo shows the yen at the ¥155 level against the dollar on Monday, when it began rallying after a sharp decline in the previous week.
BUSINESS / Markets
Feb 7, 2025

Yen’s weekly surge underscores growing case for a hawkish BOJ

The Japanese currency has rallied more than 2% this week, heading for the biggest gain since late November.
Shoppers walk past a display of cabbages for sale at a supermarket in Tokyo last month. The 2024 record summer heat and heavy rain ruined crops, driving up the cost of the usually inexpensive leafy green in what Japanese media has dubbed a "cabbage shock."
BUSINESS / Economy
Feb 7, 2025

Inflation becoming a concern in Japan after being a goal for decades

Rising consumer prices are putting real wage growth at risk and possibly becoming a drag on much-needed household consumption.
Rapidus, which is expected to begin pilot production of chips in April and achieve mass production in 2027, is the cornerstone of the government’s effort to revive its domestic semiconductor industry.
BUSINESS / Companies
Feb 7, 2025

Cabinet approves bill to fund Rapidus semiconductor production

Rapidus is the cornerstone of the government’s effort to revive its domestic semiconductor industry.
Although she’s unlucky in love, Shigusa (Kirara Inori, left) finds strength in expressing herself through art in “Kisspeptin Chronicles.”
CULTURE / Film
Feb 8, 2025

‘Kisspeptin Chronicles’: Quirky rom-com dances through the pain of heartache

Shiika Okada’s debut feature has an autobiographical feel and a hopeful message about self-discovery despite romantic disappointments.
South Korean President Yoon Suk Yeol declares martial law in Seoul on Dec. 3. Yoon is currently facing charges related to his actions over that two-day period.
COMMENTARY / World
Feb 7, 2025

Was there an insurrection in Seoul on Dec. 3, or is that happening now?

Yoon can now be held for up to six months in prison simply at the behest of the prosecutors.
Prime Minister Shigeru Ishiba's meeting with U.S. President Donald Trump will likely aim at maintaining the status quo, avoid new trade issues and ensure Japan isn’t targeted by tariffs.
COMMENTARY / Japan
Feb 7, 2025

A new golden age for U.S.-Japan? I don’t think so.

Ishiba won’t be looking for any great breakthrough, a dramatic defense re-posturing, or support for any of his long-held foreign policy goals
Prime Minister Shigeru Ishiba shakes hands with U.S. President Donald Trump at the White House in Washington on Friday.
JAPAN / Politics
Feb 8, 2025

Trump targets U.S. trade deficit in first meeting with Ishiba

The two leaders pledged to pursue a "new golden age" of U.S.-Japan relations — though Ishiba did get an earful about America's trade deficit with its ally.
U.S. President Donald Trump speaks during a meeting with Prime Minister Shigeru Ishiba in the Oval Office of the White House in Washington on Friday.
BUSINESS / Economy
Feb 8, 2025

Trump says he will announce reciprocal tariffs on many countries next week

Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
Nippon Steel's pursuit of U.S. Steel has stretched on for more than a year, with U.S. President Donald Trump vociferously condemning the proposal on numerous occasions, before Friday's more tempered remarks at the Oval Office with Prime Minister Shigeru Ishiba at his side.
BUSINESS / Companies
Feb 8, 2025

Trump says Nippon Steel will invest in U.S. Steel, not buy it

It was unclear if the investment referred to a new deal structure and what the details of the transaction would be.
The International Criminal Court building
WORLD / Crime & Legal / EXPLAINER
Feb 8, 2025

'Existential threat': What next for the ICC after U.S. sanctions?

Experts say the sanctions announced by Trump will have a wide-reaching impact on the court.
Prime Minister Shigeru Ishiba shows a gift from U.S. President Donald Trump, as they hold a joint news conference in the East Room at the White House in Washington on Friday.
WORLD / Politics
Feb 8, 2025

Foreign leaders embrace the art of flattery in wooing Trump

Ishiba became the latest figure to offer ample compliments to a president known for his transactional approach to foreign policy.
Seven Bank has set up ATMs with facial-recognition technology for cash deposits and withdrawals.
BUSINESS / Companies
Feb 9, 2025

Japan's Seven Bank starts ATM service using face recognition

Named Face Cash, the new service enables depositors with Seven Bank or Shizuoka Bank to make deposits and withdrawals without cash cards or smartphones.
Sony PlayStation's online services came back online on Saturday, the Japanese group said, after a 24-hour outage.
BUSINESS / Tech
Feb 9, 2025

PlayStation network back online after 24-hour outage

The network's failure prevented many owners of Sony consoles including the PS4 and the PS5 from playing multiplayer games such as the hugely popular "Fortnite" and "Call of Duty."
Yellowtail is unloaded in Himi, Toyama Prefecture. Japan is looking to expand yellowtail exports to the United States, with China's blanket ban on Japanese fishery products still in place.
BUSINESS / Economy
Feb 9, 2025

JETRO to support yellowtail exports to U.S.

JETRO hopes to help expand sales channels for the fish in the United States, where Japanese cuisine has become popular amid an increase in health conscious consumers.
Sam Altman, chief executive of OpenAI, speaks at a White House event with President Donald Trump, left; Softbank chief executive Masayoshi Son, third from left; and Larry Ellison, chairman of Oracle, at the White House on Jan. 21.
BUSINESS / Tech
Feb 9, 2025

How Sam Altman sidestepped Elon Musk to win over Donald Trump

After helping President Trump get elected, Elon Musk was poised to dominate the nation’s AI policies. But someone got there before him.
U.S. President Donald Trump and Russian leader Vladimir Putin attend a meeting on the sidelines of the Group of 20 summit in Osaka in June 2019.
WORLD / Politics
Feb 9, 2025

Trump says he has spoken to Putin about ending the Ukraine war

Kremlin spokesman Dmitry Peskov told the TASS state news agency that "many different communications are emerging."
A worker welds at a steel manufacturing facility in Mexico City on Thursday.
BUSINESS / Economy
Feb 10, 2025

Trump to announce 25% steel and aluminum tariffs in latest escalation

Trump, speaking to reporters on Air Force One on his way to the Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday.
U.S. President Donald Trump speaks to reporters aboard Air Force One, en route to New Orleans to attend the Super Bowl, on Sunday.
BUSINESS / Companies
Feb 10, 2025

Trump says Nippon Steel cannot have a majority stake in U.S. Steel

Prime Minister Shigeru Ishiba also appeared to have discussed a revised plan with Nippon Steel before presenting it to Trump at their recent summit.
Investors believe the amicable atmosphere of the first summit between Prime Minister Shigeru Ishiba and U.S. President Donald Trump on Friday has the potential to help support Japanese stocks in the medium term.
BUSINESS / Markets
Feb 10, 2025

Japan markets wobble as Trump talks of new steel tariffs for 'everyone'

The U.S. president's talk of reciprocal tariffs for "everyone” has provided a reminder of the risks that face America’s trading partners.
Israeli military vehicles drive past destruction in southern Lebanon, as seen from northern Israel on Jan. 26.
BUSINESS
Feb 10, 2025

Investors return to new-look Middle East, but Trump causes some concern

President Donald Trump's proposal that the U.S. take over Gaza may have thrown a curveball into the mix, but recent events in the Middle East have fed hopes of a reset.
French President Emmanuel Macron attends an interview for national television ahead of the Artificial Intelligence Action Summit in Paris on Sunday.
BUSINESS / Tech
Feb 10, 2025

Macron beats French investment drum ahead of AI summit

The two-day event in Paris has stated aims that include "mapping" AI governance around the world, and promoting the idea of more ethical, accessible and frugal AI.
Japan's current account surplus grew 29.5% year on year in 2024, the Finance Ministry said.
BUSINESS / Economy
Feb 10, 2025

Japan's current account surplus hits record high in 2024

The surplus grew 29.5% from 2023 to ¥29.26 trillion ($193 billion) last year, the Finance Ministry said in a preliminary report.
Saitama sinkhole search for missing driver shifts to sewer pipe
The sinkhole in Yashio, Saitama Prefecture, on Feb. 3
Trump aware and supportive of AUKUS pact, U.S. defense secretary says
U.S. Secretary of Defense Pete Hegseth speaks as he welcomes Australian Deputy Prime Minister and Defense Minister Richard Marles to the Pentagon for talks in Washington on Friday.
Ishiba says Trump didn't push defense spending hike or discuss tariffs
Prime Minister Shigeru Ishiba and U.S. President Donald Trump hold a joint news conference in the East Room of the White House in Washington on Saturday.
How giving chocolates on Valentine’s Day is evolving in Japan
Giving out courtesy chocolates to coworkers on Valentine's Day is becoming obsolete.
Domino's pizza to close 172 outlets in Japan
Domino's Pizza will close 172 unprofitable outlets out of about 1,000 stores in Japan.
Ishiba builds inroads with Trump, but challenges still loom
U.S. President Donald Trump welcomes Prime Minister Shigeru Ishiba to the White House in Washington on Friday.
How giving chocolates on Valentine’s Day is evolving in Japan
Giving out courtesy chocolates to coworkers on Valentine's Day is becoming obsolete.
‘The Hot Spot’: Close encounters of the mundane kind
The new Nippon TV series “The Hot Spot” follows an alien superhero navigating rural Japanese life but focuses more on dialogue than splashy, action-packed plot points.
Yuki Harada's contemplative artworks ponder vanishing
“Light Court” (2024) is based on the “Lightcourt” space at the Hiroshima City Museum of Contemporary Art, designed by metabolist architect Kisho Kurokawa (1934-2007).
A 'joyful' Japan? Ishiba's choice of slogan sparks the opposite feelings
Ishiba eats a mikan tangerine at the Prime Minister's Office in Tokyo on Jan. 22.

Podcast

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

Longform

Eme-Ima Kitchen is one of over 10,000 kodomo shokudō in Japan. A term first used in 2012 to describe makeshift eateries offering free or cheap meals to disadvantaged kids, it now refers to a diverse range of individuals, groups and organizations working to provide not only food but a sense of belonging to both children and adults.
Japan’s ‘children’s cafeterias’ are booming — but is that a good thing?
By Alex K.T. Martin

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