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Shoppers outside an Apple store in New York on April 7
BUSINESS / Economy
Apr 13, 2025

U.S. exempts tech imports in tariff backpedal

President Donald Trump's move offers relief to U.S. tech firms and partially dials down a trade war with China.
People walk through an Apple Store in Hong Kong on Friday.
BUSINESS / Tech / FOCUS
Apr 13, 2025

Apple was on brink of crisis before tariff concession from Trump

Donald Trump’s 125% tariffs on goods produced in China threatened to upend its supply chain as seriously as the COVID-19 snarls did five years ago.
Liberal Democratic Party policy chief Itsunori Onodera speaks at LDP headquarters in Tokyo last October.
BUSINESS / Economy
Apr 13, 2025

Japan doesn’t plan to use U.S. Treasurys as tariff talk leverage

Causing market disruption "is certainly not a good idea,” Liberal Democratic Party policy chief Itsunori Onodera said.
U.S. President Donald Trump holds a chart next to Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington on April 2.
BUSINESS / Economy
Apr 14, 2025

Trump warns tariffs are coming for electronics after reprieve

The American president downplayed a weekend exemption as a procedural step in his overall push to remake U.S. trade.
Workers transport soil containing rare earth elements for export at a port in Lianyungang, in China's Jiangsu province, in October 2010.
BUSINESS / Economy
Apr 14, 2025

China halts critical rare earth exports as trade war intensifies

The official crackdown is part of Beijing’s retaliation for President Donald Trump’s sharp increase in tariffs that started April 2.
U.S. President Donald Trump attends a bilateral meeting with Chinese leader Xi Jinping during the Group of 20 leaders summit in Osaka in June 2019.
BUSINESS / Economy / FOCUS
Apr 14, 2025

How China went from courting Trump to ‘never yield’ tariff defiance

Beijing has put civilian government officials on a "wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back.
Chinese leader Xi Jinping waves as he arrives for a two-day state visit at Hanoi's Noi Bai International Airport in Hanoi on Monday.
ASIA PACIFIC / Politics
Apr 14, 2025

Xi seeks to win with Southeast Asia trip as Trump pauses some tariffs

Xi arrived in Vietnam on Monday and was due to visit Malaysia and Cambodia later this week, just days after Trump raised tariffs on China but gave everyone else a 90-day pause.
U.S. Trade Representative Jamieson Greer says currency talks are part of the issue of the U.S.'s massive trade deficit with Japan.
BUSINESS / Economy
Apr 14, 2025

U.S. trade representative hopes to discuss currency with Japan

Currency is "certainly part of" the issue of the U.S.'s massive trade deficit with Japan, U.S. Trade Representative Jamieson Greer says.
The yen rose 2.3% against the dollar last week and hit its strongest level since September on Friday.
BUSINESS
Apr 14, 2025

Hedge funds and asset managers boost bullish yen bets amid tariffs

The yen has been one of the best performers against the dollar this month as investors anticipate that the trade war may hurt global economic growth.
Prime Minister Shigeru Ishiba speaks during a Lower House Budget Committee session on Monday.
BUSINESS / Economy
Apr 14, 2025

Japan avoids tariff confrontation ahead of crucial U.S. trade talks

Prime Minister Shigeru Ishiba again ruled out imposing retaliatory measures, arguing that escalation would not serve the country’s national interest.
In Europe, the PS5 digital edition will now cost €499.99 ($570.04), PlayStation said, while in Britain its price will be £429.99 ($566.53).
BUSINESS
Apr 14, 2025

Sony announces PS5 price hikes in some regions

The price of the PS5 digital edition, which has no disk drive, will rise by more than 10% in Europe, Britain and Australia.
A rendering of East Japan Railway's E10 series of bullet trains
BUSINESS / Companies
Apr 15, 2025

Japan to give India E5 and E3 shinkansen for free

The E10 trains are expected to be put into service in the South Asian country in the early 2030s.
Taro Kitabayashi, chief executive officer of Norinchukin Bank, during an interview in Tokyo, on April 9. Kitabayashi said the bank finished selling off its unprofitable U.S. Treasury holdings by the end of March, thus avoiding the volatility last week as Trump’s trade policies whipsawed markets.
BUSINESS / Companies
Apr 15, 2025

Norinchukin dodges Trump’s market chaos after selling Treasuries

New Chief Executive Taro Kitabayashi said the bank finished selling off its unprofitable U.S. Treasury holdings by the end of March.
The Bank of Japan will likely postpone raising interest rates due to uncertainties stemming from U.S. tariff measures that could deal a blow to Japan’s economy, a former executive director said.
BUSINESS / Economy
Apr 15, 2025

BOJ will likely put rate hike aside for now, ex-official says

"They will be in a wait-and-see mode for a while,” said Kenzo Yamamoto, a former executive at the Bank of Japan.
An 80-year-old man was arrested at the Osaka Expo on Monday after he allegedly told a security guard he had a bomb in his backpack.
JAPAN / Crime & Legal
Apr 15, 2025

Man arrested over bomb threat at Osaka Expo

Suspect Jun Noguchi, 80, allegedly told a security guard he had explosives in his backpack, which led to the evacuation of about 200 people.
The Google logo is seen at the company's Bay View campus in Mountain View, California. Japanese authorities on Tuesday issued a cease-and-desist order to Google over an alleged violation of the country's anti-monopoly law.
BUSINESS / Companies
Apr 16, 2025

In a first, Japan issues cease-and-desist order against Google

The Japan Fair Trade Commission has accused the U.S. tech giant of violating the country's anti-monopoly law by forcing manufacturers to preinstall its apps in smartphones.
Japanese companies have faced pressure from the Tokyo Stock Exchange and investors to offload noncore assets such as real estate to use capital more efficiently.
BUSINESS
Apr 15, 2025

Nomura said to sell Tokyo building to real estate affiliate

The buyer, Nomura Real Estate Holdings, plans to demolish the building and develop luxury condominiums on the site.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.