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November 30, 2024
 

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A supermarket in Yangon operated by Aeon
JAPAN
Jul 12, 2024

Japanese businessman taken to court in Myanmar

Hiroshi Kasamatsu, a 53-year-old employee of Japanese retailer Aeon, was detained late last month over an alleged illegal practice linked to rice sales.
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during a news conference in Tokyo in June.
BUSINESS / Companies
Jul 12, 2024

SoftBank buys struggling U.K. chip startup Graphcore in AI race

The deal marks Softbank's second acquisition of a U.K. semiconductor firm, following its 2016 purchase of Cambridge-based Arm Holdings.
Japanese businessman Kazunori Takishima, seen at the 2018 Winter Olympics in Pyeongchang, South Korea, has attended four Summer Games and four Winter Games since his first in 2006.
OLYMPICS
Jul 12, 2024

Japanese superfan with Olympic-sized wallet eager to make new memories in Paris

The 48-year-old Tokyo native spends large chunks of his disposable income on Olympic tickets.
Keisuke Mukunashi, CEO of Yamaguchi Financial Group, says the regional bank is ready to pay compensation comparable to that of Japan’s biggest banks.
BUSINESS / Companies
Jul 14, 2024

Regional Japan lender dangles megabank pay for market hires

Competition among financial institutions to hire bond traders and other specialists is intensifying as the Bank of Japan nudges interest rates higher.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jul 15, 2024

Yen’s woes seem too big for even a BOJ hike this month to solve

Despite a boost and a favorable drop in U.S. bond yields, the yen still ended last week up less than 2% against the greenback.
ASML's headquarters and factory in Veldhoven, Netherlands
WORLD
Jul 16, 2024

ASML-backed university is caught in the middle of U.S.-China chip war

The Netherlands is facing increasing pressure from Washington to stem Beijing’s chip-making efforts.
Diaper products for babies and adults are displayed at a factory of Daio Paper's subsidiary Elleair in Fujinomiya, Shizuoka Prefecture, in June.
BUSINESS / Companies
Jul 17, 2024

Japan's diaper-makers look to adult market for revenue as births fall

Japan's population is likely to decline by about 30% to 87 million by 2070, with 4 people in every 10 at the age of 65 or more, estimates show.
Mizuho Securities is starting a fund to create opportunities for third-party investment into Japan's animation film sector that has created globally popular works such as "Demon Slayer."
BUSINESS / Companies
Jul 17, 2024

Mizuho fund to invest in Japan’s popular but cash-needing anime scene

For investors, Mizuho's fund will be an opportunity to park their money in a sector famous for works like "Demon Slayer."
Naoki Prize winner Michi Ichiho (left), and Akutagawa Prize winners Sanzo K. Matsunaga (center) and Aki Asahina pose with their award-winning books at a news conference in Tokyo on Wednesday.
CULTURE / Books
Jul 17, 2024

Three novelists named for Akutagawa and Naoki awards

Authors Sanzo K. Matsunaga and Aki Asahina won the Akutagawa Prize for literary writers, while the Naoki Prize for genre fiction went to Michi Ichiho.
The S&P 500 drops from all-time highs amid a selloff in chipmakers.
BUSINESS / Tech
Jul 18, 2024

High-flying chipmakers see worst plunge since 2020

Concern about tighter U.S. restrictions on chip sales to China spurred a selloff in the industry that has led the bull market in stocks.
Saga Indonesia Dreams players speak with Yuji Fukuhara, who set up the unique Kyushu-based club, during a training session last month in Takeo, Saga Prefecture.
BASEBALL
Jul 18, 2024

Kyushu team nurturing 'baseball evangelists' to spread game in Asia

Kyushu club hopes its players, mostly hailing from parts of Asia where baseball is not popular, will help promote the sport in other parts of the continent.
A screen displays an error message at a self-checkout terminal of a supermarket in Sydney on Friday.
JAPAN
Jul 19, 2024

Japan mostly spared in global IT meltdown despite reports of some bugs

Around the world, airlines, network broadcasts and banks said their systems were disrupted.
The U.S. and its allies have accused China of supporting Russia's war in Ukraine, in part by exporting parts and equipment needed by Moscow's weapons makers, including semiconductors.
BUSINESS / Tech
Jul 22, 2024

Illicit chip flows to Russia seen slowing in China

Both mainland China and Hong Kong are seen by the U.S. government as key global nodes for Russia to source materials for its military.
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 street cleaner at the Lujiazui Finance District in Shanghai
BUSINESS / Economy
Jul 22, 2024

Xi vows to rewire China’s finances and help indebted regions

Plans centered around shifting more revenue from the central to local coffers in China, such as by allowing regional governments to receive more of the consumption tax.
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.
Toyota's plan to buy back shares from major banks and insurers is part of a broader push to unwind strategic shareholdings with financial partners.
BUSINESS / Companies
Jul 23, 2024

Toyota to buy back stock worth $5.2 billion from banks and insurers

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Tokio Marine Holdings and MS&AD Insurance Group Holdings are tendering shares at an 11% discount.
Samsung Electronics' headquarters in Suwon, South Korea, on June 13, 2023
BUSINESS / Tech
Jul 24, 2024

Nvidia clears Samsung's HBM3 chips for use in China-market processor

Nvidia's approval of the chips comes amid soaring demand for sophisticated graphics processing units.
A housing exhibition like the one worked at by a Polus employee in Chiba Prefecture who died by suicide in 2020 following harassment by a customer.
JAPAN / Society
Jul 24, 2024

Customer harassment caused Chiba worker's suicide, labor office says

After explaining to a customer who was building a new house that additional costs were required, the employee began facing relentless complaints from him.
Takeo Suzuki from the Pentax division of Ricoh Imaging demonstrates the Pentax 17 half-frame film camera at the Pentax Club House in Tokyo on June 28.
JAPAN
Jul 25, 2024

New Japan film camera aimed at 'nostalgic' young fans

Japan's major camera brands stopped making analogue models in the 2000s, prompting sellers in big cities to refurbish old models for new analogue enthusiasts.
This year's rice harvest is also feared to be impacted by the scorching heat, spurring concerns among producers and consumers.
JAPAN
Jul 27, 2024

Heat waves impact Japan's rice quality, leading to shortage

Despite 2023's harvest volume being on par with previous years, high temperatures have caused rice grains to develop a cloudy look or break into pieces.
British Prime Minister Keir Starmer speaks in Widnes, England, on Thursday.
WORLD / Politics
Jul 28, 2024

Keir Starmer’s clash with Labour left sets up wider fight on tax rises

Making the numbers add up while keeping her tax promises is the unenviable task that’s been top of U.K. Chancellor of the Exchequer Rachel Reeves’ mind.
While traditional hybrid vehicles use gas to turn the wheels, a new crop of cars are burning it exclusively to charge a large onboard battery.
BUSINESS / Tech
Jul 28, 2024

A new wave of electric vehicles are ready to charge at 70 mph

But while fossil fuels may be a curious catalyst for sparking EV sales, the strategy is arguably far greener than it looks.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe shake hands prior to a joint news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 2, 2024

Honda-Nissan alliance completes Japan car industry consolidation

The carmakers' cozying up to one another follows Toyota acquiring stakes in Subaru, Suzuki and Mazda.
Yoshifumi Matsumura (second from right), head of the National Public Safety Commission, inspects Tokyo's Kabukicho entertainment district in June.
JAPAN / Crime & Legal
Aug 5, 2024

Tokyo host bar worker arrested over kickbacks for brokering prostitution

It is the first time a worker at a host bar has been arrested over receiving kickbacks for brokering prostitution.
Commuters take a subway home at Sungsu station in Seoul on July 15.
BUSINESS / Companies
Aug 6, 2024

Declaring ‘crisis,’ South Korean firms tell managers to work more

In South Korea, the five-day workweek is only a generation old, introduced by labor laws in 2004.
The Intel Corporation logo at a temporary office during the World Economic Forum (WEF) in Davos, Switzerland, in 2022
BUSINESS / Tech
Aug 8, 2024

How spurning OpenAI set chip giant Intel behind in the AI marketplace

OpenAI went on to launch the groundbreaking ChatGPT in 2022 and is now reportedly valued at about $80 billion.
Shiseido's sales in China are still sluggish as consumers remain reluctant to buy Japanese products over the discharge of treated water from the wrecked Fukushima nuclear power plant.
BUSINESS / Companies
Aug 8, 2024

Shiseido posts steepest drop since 1987 on anemic China demand

The company reported a January-June operating loss of ¥2.7 billion ($18.4 million), compared with profit of ¥13.6 billion a year earlier.
A charging cable is connected to a Hyundai electric vehicle at the 2022 Busan International Motor Show in Busan, South Korea, on July 14, 2022.
BUSINESS / Tech
Aug 8, 2024

Seoul EV explosion sparks safety fears, prompting charging rethink

Over 700 people were evacuated and 23 hospitalized after an unplugged electric Mercedes-Benz sedan caught fire in a Seoul underground parking lot.
A meeting of the Lao-Lao liquor cooperative held in the village of Xai in Attapeu Province in June.
JAPAN / Society
Aug 19, 2024

Co-op Okinawa nurtures Laos farmers' cooperatives to encourage growth

By setting up cooperatives, farmers can prevent unfavorable price negotiations by sharing information with one another.
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
Tokyo police arrest six Chinese nationals over yami baito scheme
Tokyo police have arrested six Chinese nationals on suspicion of unlawful confinement and attempted extortion involving a 23-year-old exchange student who had become involved in a financial dispute over a yami baito, or a “dark” part-time job.
Japan to overhaul tax exemption system for foreign visitors
The Ginza shopping district in Tokyo in August
‘God of management’ comes back to life as an AI model
A statue of Konosuke Matsushita in the grounds of the Konosuke Matsushita Museum in Kadoma, Osaka Prefecture
Two dead after fire at Upper House lawmaker Kuniko Inoguchi’s apartment
A fire broke out on the sixth floor of an apartment building where Upper House lawmaker Kuniko Inoguchi resides on Wednesday in Tokyo's Bunkyo Ward.
Ishiba sticks to the basics in second policy speech
Prime Minister Shigeru Ishiba delivers his policy speech at the Lower House of parliament in Tokyo on Friday.
Hiroshi Kurosaki looks beyond Japan for heart-wrenching drama
Hiroshi Kurosaki’s Netflix series “Beyond Goodbye” centers on a woman (Kasumi Arimura, left) who discovers her dead lover’s heart saved the life of a quiet pianist (Kentaro Sakaguchi).
Japan researchers develop a simple way to spot signs of Alzheimer's disease
In 2022, the number of elderly people with dementia in Japan reached 4.43 million, according to data from the health ministry.
‘What Divides Us’ producer honors grandfather’s Hiroshima reportage
“What Divides Us" producer Cannon Hersey says his grandfather, who wrote about the aftermath of nuclear destruction in Hiroshima, never spoke about what he had seen while working with Japanese minister Kiyoshi Tanimoto to preserve the stories of survivors.

Podcast

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

Longform

Totopa in Tokyo’s Shinjuku Ward was picked by consultants TTNE as the best sauna of the year.
Japan’s sauna movement: Relax, refresh, repeat
By Greg Dvorak

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