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November 30, 2024
 

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Business is booming for Japan's top airlines as the weak yen spurs the arrival of more foreign visitors, while local demand for international trips and domestic routes remains high.
BUSINESS
Mar 1, 2024

Japan’s top airlines to hire 3,700 workers in the next year

Business for the airlines is booming as the weak yen spurs the arrival of more foreign visitors.
Daihatsu saw its sales fall by about 60% in January amid a scandal over fraudulent testing.
BUSINESS
Mar 1, 2024

Japan auto sales down almost 20% in February

The decline reflected the effects of certification test scandals, with new vehicle sales at Daihatsu down roughly 80% and those at Toyota down about 30%.
Currency dealers work in front of an electronic board showing the Korean Composite Stock Price Index (KOSPI) at a dealing room of a bank in Seoul. Officials in South Korea are taking a cue from Japan, where a push for corporate reforms has been one of the key drivers for a world-beating equity rally.
BUSINESS / Economy / FOCUS
Mar 2, 2024

South Korea faces long road in unlocking corporate value like Japan

As global investors scrutinize South Korea’s plans, they note a key hurdle — the prevalence of family-controlled businesses, or chaebols.
Rina Gonoi, a former Self-Defense Forces member who accused colleagues of sexually assaulting her during her time in the military, speaks during an interview in Yokohama last December.
JAPAN / Society
Mar 2, 2024

Japanese ex-soldier wins U.S. award for fight against sexual harassment

The U.S. will honor former Self-Defense Forces soldier Rina Gonoi with the International Women of Courage Award.
Solar panels on display at PV Expo in Tokyo on Wednesday. Japan's "transition bonds" will cover cutting-edge solar cells, as well as more controversial projects.
ENVIRONMENT / Energy / OUR PLANET
Mar 3, 2024

Japan wants cash for its green transition. But what are investors actually backing?

"Transition bonds" are intended to fund a wide variety of net-zero projects, but it's not clear all of them will actually help with decarbonization.
The Japanese parliament building in Tokyo
JAPAN / Politics
Mar 3, 2024

Opposition again demands 32 Upper House members face ethics panel

Junichi Ishii, LDP parliamentary affairs chief in the Upper House, says the LDP intends to decide in early March on the plan to hold ethics panel hearings.
Japan's benchmark 225-issue Nikkei average surpassed the 40,000 mark for the first time on Monday.
BUSINESS / Markets
Mar 4, 2024

Japan's Nikkei index surpasses 40,000 points for first time

The Nikkei’s smashing of previous records is credited in part to the weakness of the yen against the dollar.
TSMC's new factory in Kikuyo, Kumamoto Prefecture
BUSINESS / Companies
Mar 4, 2024

Japan in the midst of a semiconductor plant construction rush

The government set aside ¥4 trillion between fiscal 2021 and fiscal 2023 for subsidies for helping companies build semiconductor plants.
Japan's corporate spending on plants and equipment jumped 16.4% in the fourth quarter from a year earlier, government data shows.
BUSINESS / Economy
Mar 4, 2024

Japan corporate capex jumps, paving way for BOJ exit from stimulus

Capital expenditure rose 16.4% in the fourth quarter from a year earlier, and 10.4% on a seasonally adjusted quarterly basis.
A 2015 protest against the construction of military infrastructure in Okinawa Prefecture. Many residents are also worried about the impact of a Taiwan contingency on their islands.
COMMENTARY / Japan
Mar 4, 2024

Okinawa’s peace movement carves its own path

Many Okinawans worry about a Taiwan contingency and are angered by U.S. base relocation: Grievances that have given impetus to the islands' own diplomacy.
Prime Minister Fumio Kishida speaks during an Upper House Budget Committee session on Monday.
JAPAN / Politics
Mar 4, 2024

Kishida denies intent to dissolve Lower House in April

The prime minister was grilled on his reason for rushing the passage of the government's fiscal 2024 draft budget last week.
Nippon Steel Executive Vice President Takahiro Mori, who is set to meet the United Steelworkers (USW) union chief this month, says the Japanese steel producer plans to uphold all of the current agreements between the union and U.S. Steel.
BUSINESS / Companies
Mar 5, 2024

Nippon Steel exec to meet USW head to seek support for U.S. Steel deal

Winning the union's backing is a priority for the Japanese steel producer because then the acquisition will be "no longer a political issue."
Economy minister Yoshitaka Shindo said the government was currently not thinking about calling an end to deflation.
BUSINESS / Economy
Mar 5, 2024

Japan ministers deny report government thinking of calling end to deflation

Policymakers are focused on ensuring the economy doesn't revert to a protracted period of falling prices, they said.
Japan's service sector activity expanded in February, thanks to continued strong demand for inbound tourism.
BUSINESS / Economy
Mar 5, 2024

Japan's service activity grows on firm tourism

Inbound tourism is an important part of Japan's economy, with annual visitor spending exceeding ¥5 trillion for the first time last year.
Mitsubishi UFJ Financial Group said it is already managing to enhance its tolerance to an anticipated rise in yen interest rates.
BUSINESS / Markets
Mar 6, 2024

Japan’s biggest bank readies for BOJ shift on rate policy within weeks

Hiroyuki Seki, head of global markets business at Mitsubishi UFJ Financial Group, predicts that the BOJ will raise rates not once but twice by October.
An unmanned robot navigates across a street during a demonstration of Uber Eats' robot delivery service in Tokyo on Tuesday.
BUSINESS / Tech
Mar 6, 2024

Uber Eats Japan begins deliveries with self-driving robots

The company has rolled out the service in Tokyo's Nihonbashi area and plans to introduce it in other places as well.
Bank of Japan Gov. Kazuo Ueda speaks at a forum in Tokyo on Tuesday. Tackling a bloated balance sheet is set to be a challenging hurdle for the central bank.
BUSINESS / Markets
Mar 6, 2024

Normalizing Bank of Japan's balance sheet will take nine years, says ex-official

Failing to issue guidance on the planned normalization could lead to high market volatility in yields, former Executive Director Kenzo Yamamoto warns.
On the amateur circuit, domestic tournaments such as the Dream Girls Cup, which took place in Tokyo last month, have generated significant publicity for youth sumo.
SUMO / INSIDE SUMO
Mar 6, 2024

Sumo's popularity is booming. The recruitment of new pros is not.

Sumo is not immune to the labor shortages plaguing the rest of aging Japan.
Prime Minister Fumio Kishida, speaking at an Upper House budget committee session on Tuesday, said that if Japan is unable to sell the new fighter to other countries, the joint project’s success could be undermined.
JAPAN / Politics
Mar 6, 2024

Fighter exports crucial for ‘favorable security environment’: Kishida

The prime minister is seeking the backing of Komeito to revise export rules for fighter jets that Tokyo is seeking to build with Britain and Italy.
Japan’s stock market is breaking records right when the government has launched an expanded tax-free investing account. But due to government regulations, stocks still remain out of reach for many starting investors. 
COMMENTARY / Japan
Mar 6, 2024

Everyone’s buying Japan shares. I only want to buy one.

An expanded tax-free investment account program that launched to much fanfare at the start of the year has come at a perfect time.
Republican presidential candidate and former U.S. President Donald Trump at his Mar-a-Lago property in Palm Beach, Florida, on Tuesday
BUSINESS / Companies
Mar 7, 2024

Possible Trump return causing concern for Japanese firms

Trump has already said that he would impose a 10% tariff on all imported products.
The Bank of Japan in January. The BOJ is monitoring wage trends closely for signs of a virtuous cycle linking higher pay with demand-led price gains.
BUSINESS / Economy
Mar 7, 2024

Japan wage growth beat forecasts in January, in fastest rise since June

The data comes as annual wage negotiations between firms and unions are reaching their climax, with the first results expected next week.
Osaka Gov. Hirofumi Yoshimura said an expert panel will finalize details of the proposed fee for foreign tourists in April.
JAPAN / Society
Mar 7, 2024

Osaka weighs 'entry fee' for foreign tourists in bid to combat overtourism

The proposed fee is separate from the lodging tax already in place for all tourists.
In 2019, Japan tightened penalties for the use of smartphones and other mobile handsets while driving.
JAPAN / Crime & Legal
Mar 7, 2024

Record high number of distracted drivers causing death or serious injury

In 2023, 25 incidents were fatal and 97 caused serious injury, with about 10% of drivers using mobile phones to talk and 90% looking at screens.
Beyond factors such as the "motherhood penalty," Japanese women struggle to advance in their careers due to the structure of the workforce, including the two-tiered clerical versus managerial track.
COMMENTARY / Japan
Mar 6, 2024

Why is it taking so long to break the glass ceiling?

Japan isn't unique in having a thick glass ceiling, but some factors don't apply to other countries, like the U.S., where many more managers are women.
Located in Ehime Prefecture at the base of the Cape Sada Peninsula, the Ikata Nuclear Power Plant lies about 45 kilometers from the town of Saganoseki within the city of Oita.
JAPAN / Crime & Legal
Mar 7, 2024

Court rejects class action suit opposing nuclear plant in Ehime

Local residents in Oita, less than 50 kilometers from the facility, had called into question the safety of the plant during natural disasters.
Motoki Taniguchi (left) and one of his clients, Maurice Shelton, hope their lawsuit can change alleged police practices involving stop-and-search.
PODCAST / deep dive
Mar 8, 2024

A lawsuit puts alleged racial profiling by police on trial in Japan

Three residents with foreign roots have filed a lawsuit claiming Japanese police target visible minorities. We discuss what they hope to achieve.
A representative from Honda's labor union submits a demand for spring negotiations to management last month in Tokyo.
BUSINESS / Economy
Mar 8, 2024

Japan Inc. set to offer bumper pay hikes, paving way for stimulus end

Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
Wegovy maker Novo Nordisk says the Japanese public needs to know more about obesity rates before the weight-loss drug can take off in the country.
LIFE / Lifestyle
Mar 9, 2024

Is Japan as thin as it thinks? Weight-loss drug maker says no.

In Japan, some 33% of men and 22% of women have a BMI of 25 — the crucial threshold — or more.
Yulia Naumenko is one of many Ukrainians living in Japan as the war in their home country stretches into its third year.
COMMUNITY
Mar 11, 2024

In war’s third year, Ukrainians in Japan still face daily trials

Two years of conflict has left Ukraine scarred and evacuees living in Japan with just as many struggles as when they arrived.
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.
Japan to overhaul tax exemption system for foreign visitors
The Ginza shopping district in Tokyo in August
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.
Real-life ‘Tokyo Swindlers’ ordered to pay ¥1 billion in damages
High-rise buildings in Tokyo. Through faking documents and passports a criminal group conspired to pose as the owner of a real-estate plot and buildings in Tokyo's Shinagawa Ward in 2017, defrauding Sekisui House of ¥5.5 billion.
Real estate worth ¥25 trillion puts Japan companies in spotlight
Elliott Investment Management's stake in Tokyo Gas is centered around getting the utility to sell off its real estate holdings, including Shinjuku Park Tower, which houses the Park Hyatt Hotel Tokyo.
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.
DPP’s Tamaki leverages new position with energy proposal
DPP leader Yuichiro Tamaki in Tokyo on Tuesday
Bluesky is booming in Japan — mainly for reasons other than U.S. politics
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.

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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