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November 23, 2024
 

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The International Monetary Fund lowered its 2024 growth estimate for Japan by 0.2 point to 0.7%, citing temporary production suspensions at some automakers over their vehicle test cheating, as well as weak private investment.
BUSINESS / Economy
Jul 17, 2024

IMF cuts Japan's growth forecast, upbeat on consumption prospects

The IMF says it expects Japan's economy to expand 0.7% this year, down 0.2 percentage point from its forecast in April, after an 1.9% increase in 2023.
PwC is considering slashing up to half its financial services auditing staff in China and about 20% of its staff in other auditing teams and nonauditing business lines.
BUSINESS / Companies
Jul 17, 2024

PwC weighs halving of China financial services audit staff, say sources

The firm has 781 partners and nearly 19,000 employees in mainland China as of last September.
Unionists hold a rally in Tokyo in April. Households' real cash earnings have been falling year on year for more than two years, with the weakening of the yen making the situation only more difficult as prices of imported goods increase rapidly.
BUSINESS / Economy
Jul 17, 2024

Japan’s minimum wage might not budge much if corporate fears prevail

While households desperately need a big raise, smaller businesses might not be in a position to handle an increase as they struggle with the weak yen.
Komeito leader Natsuo Yamaguchi holds a news conference at the Diet on July 2.
JAPAN / Politics
Jul 17, 2024

Speculation rising over possible end to Yamaguchi's Komeito reign

Natsuo Yamaguchi, 72, is currently serving his eighth term as Komeito chief.
This undated handout picture from NASA released on Wednesday shows the Volatiles Investigating Polar Exploration Rover assembled inside a cleanroom at the agency’s Johnson Space Center in Houston, Texas.
WORLD
Jul 18, 2024

NASA cancels lunar rover after spending $450 million building it

NASA's scrapped rover was intended to explore the moon's south pole in search of ice and other resources.
Brokers such as Nomura are busy handling transactions for the offloading of cross-shareholdings among Japanese companies, which bring in hefty fees.
BUSINESS / Companies
Jul 18, 2024

Block trades herald $5 billion fee windfall for Japan’s brokers

Pressure to improve corporate governance is leading firms to whittle down an estimated ¥50 trillion ($320 billion) they hold in companies with which they do business.
Visitors take photos of a tunnel of roses at Yokohama English Garden on Wednesday in Yokohama.
JAPAN / Society
Jul 18, 2024

Japan’s summer travel spending soars despite economic pressures

Households plan to spend the most in six years this summer as more people aim to travel despite rising inflation and a weakening yen.
France's Sarah Leonie Cysique battles Uzbekistan's Shukurjon Aminova at the Paris Grand Slam at Accor Arena on Feb. 2.
OLYMPICS / Judo
Jul 18, 2024

How France embraced judo and became a martial arts powerhouse

The country has embraced the Japanese martial art to the point where it may be more popular in France than in Japan.
A pumped energy storage facility and a wind turbine at Kibbutz Maale Gilboa, Israel, on July 9
WORLD
Jul 18, 2024

How 'energy islands' could help Israel build resilience for wartime

Israel's microgrid pilot, which will be complete sometime in the next year or two, will run in parallel to large stockpiles of diesel, coal and generators.
More Japanese firms have gone bankrupt in the first half of this year due to soaring costs, labor shortages and the end of pandemic-related support.
BUSINESS / Economy
Jul 18, 2024

Triple whammy takes Japan bankruptcies to decade high

Soaring costs, labor shortages and the end of pandemic-related financial support are taking a heavy toll on smaller businesses.
A loggerhead sea turtle hatches eggs on a beach in Toyohashi, Aichi Prefecture, in May.
JAPAN / Science & Health / Regional voices: Chubu
Jul 29, 2024

Aichi sea turtle researchers assess risks of warmer nesting sites

The warmer the nest is, the more likely hatchlings will be female — that bodes ill for the survival of the marine species.
Myanmar's military marks the 72nd Armed Forces Day in Naypyitaw, Myanmar on March 27, 2017.
ASIA PACIFIC
Jul 18, 2024

Thai government to meet banks over alleged transactions for Myanmar arms

Thailand's central bank may collaborate with international and local agencies to create a database on companies linked to Myanmar's junta.
A solar farm in Shilin, China. Last year, China installed more solar panels than the United States has in its entire history.
ENVIRONMENT / Climate change
Jul 19, 2024

Why the era of China’s soaring carbon emissions might be ending

The biggest factor in the shift is changes to how China produces its electricity.
A passerby holding a parasol wipes her face as she walks on the street amid a heatstroke alert in Tokyo and other prefectures, in Tokyo on July 9.
JAPAN / Science & Health / Boiling Point
Jul 19, 2024

How to prevent and respond to heatstroke in Japan this summer

Staying hydrated and controlling the rise in one's body temperature are the fundamental ways for preventing and alleviating heat-related illnesses.
The Aichi Prefectural Police headquarters in Nagoya. Aichi Prefectural Police have arrested a 33-year-old woman and her common-law husband on suspicion of assaulting and causing the death of her 7-year-old daughter.
JAPAN / Crime & Legal
Jul 19, 2024

Mother and partner arrested over 7-year-old girl’s death

The girl, who died in May from septic shock, had been temporarily taken into protective custody twice between 2022 and 2023.
A group of Chinese tourists walks through the Ginza district of Tokyo.
JAPAN / Society
Jul 19, 2024

Japan sees more tourists than before pandemic, breaking half-year record

The weak yen is attracting large crowds to Japan, with many tourists splashing out.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024

Trump’s disdain for digital dollar risks ‘Cold War era’ in money

His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
Self-Defense Forces soldiers walk past a Patriot Advanced Capability-3 (PAC-3) missile unit in Tokyo in October 2017.
JAPAN
Jul 20, 2024

U.S.-Japan Patriot missile production plan hits Boeing component snag

The plan to boost production by the U.S. ally is being delayed by a shortage of a critical component manufactured by Boeing.
French maritime police patrol the waters of the River Seine in Paris on Thursday.
OLYMPICS
Jul 21, 2024

Paris Olympics preparations hit the home stretch

Police with sniffer dogs checked the 6-kilometer route along the Seine ahead of the opening ceremony on the river.
Pedestrians walk past fences closing off access to the Trocadero in Paris on Friday.
OLYMPICS
Jul 21, 2024

The bickering and 'cold sweat' as Paris built its Games

Following the horse-trading to win the Games came the French infighting over how to host them.
Mai Yamamoto drives to the basket during an Olympic tune-up game against New Zealand in Tokyo on July 4.
OLYMPICS / Basketball
Jul 22, 2024

Akatsuki Japan believes it can 'surprise the world' in Paris

Women's basketball team will be looking to replicate its inspiring Olympic run in Tokyo and make waves in Paris.
An event to promote wagyu beef is held in New York on Sunday.
JAPAN
Jul 22, 2024

Japan targets beef exports with wagyu promotional event in New York

Japan's beef exports to the U.S. rose 1.6% in 2023 from the previous year making it the country's second-largest beef export market after Taiwan.
A record 219 people were attacked by bears across Japan in fiscal 2023.
JAPAN / Society
Jul 22, 2024

Hokkaido city deploys drones for bear management

The city of Nayoro will use drones — equipped with cameras and speakers — to locate bears when sightings are reported and help direct residents to safety.
Fireworks during Irumagawa Tanabata Festival in Sayama, Saitama Prefecture in July 2023
JAPAN / Society
Jul 22, 2024

Many summer fireworks festivals in Japan canceled due to complaints

Property damage caused by debris, and littering and trespassing by those looking for a better view are among the reasons for the cancellations.
Nvidia CEO Jensen Huang presents on the chipmaker's Blackwell platform at an event ahead of the Computex forum, in Taipei on June 2. The flagship Blackwell series was unveiled in March.
BUSINESS / Tech
Jul 22, 2024

Nvidia preparing version of new flagship AI chip for Chinese market, sources say

The Chinese version of the chip will be made compatible with current U.S. export controls.
Homes are surrounded by flood waters after Hurricane Beryl made landfall in Sargent, Texas, on July 8.
COMMENTARY / World
Jul 22, 2024

The great climate change wealth transfer is here

Fossil fuel profits are sky-high, as are the costs of climate change. By subsidizing oil and gas while putting tariffs on green tech, governments are making things worst.
Elderly people dance in a park in Beijing on Jan. 16.
ASIA PACIFIC / Society
Jul 22, 2024

China to allow delayed retirement to combat population woes

The country is struggling to relieve soaring pressure on pension budgets, with many provinces already facing deficits.
Ama female free divers, who fish in the ocean, lead volunteers as they swim with torches during Shirahama Ama festival in Minamiboso, Chiba Prefecture, on Saturday.
JAPAN
Jul 22, 2024

Short of ama female free divers, Chiba festival turns to volunteers

Age and disinterest have reduced the number of women willing to make a livelihood out of this type of diving.
U.S. soldiers during a handover ceremony of Taji military base from U.S.-led coalition troops to Iraqi security forces, in the base north of Baghdad on August 23, 2020
WORLD
Jul 23, 2024

Iraq eyes drawdown of U.S.-led forces starting September, sources say

The U.S. currently has around 2,500 troops in Iraq at the head of a more than 80-member coalition that was formed in 2014.
Brian Kim (center), founder of Kakao, arrives at the Seoul Southern District Court in Seoul on Monday.
BUSINESS / Companies
Jul 23, 2024

Arrest warrant out for Kakao founder in stock-rigging case

Brian Kim is facing accusations that he was involved in a stock-rigging scheme during the high-profile takeover of SM Entertainment in 2023.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Tokyo Metro’s overseas efforts begin in earnest with London deal
Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
Saitama court bans demonstrations over anti-Kurd hate speech
Kurdish people in Japan in 2015. A court injunction has banned acts that defame the Japan Kurdish Cultural Association and are disrespectful, such as putting up banner flags or handing out fliers with hate speech like “Refugees should go back to their home countries.”
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
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.

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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