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November 30, 2024
 

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An electric screen displaying the Nikkei share average and yen exchange rate against the U.S. dollar outside a brokerage in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
May 1, 2024

For Japan Inc., the weak yen may be too much of a good thing

The currency's weakness has pushed up costs of raw materials, food and fuel.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024

Yen swings stir talk that Japan is in the FX market once again

The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024

Japan firms reach pain threshold as yen keeps testing lows against the dollar

The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
BUSINESS / Markets
May 3, 2024

Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests

The yen was at around ¥157.55 per dollar when it suddenly spiked, strengthening as far as ¥153 over the next half hour.
A traditional Ainu preserved food called <i>satchep</i> (dried fish) being made at the government-run National Ainu Museum and Park, nicknamed Upopoy, in the town of Shiraoi, Hokkaido, on Dec. 25. The Sapporo District Court ruled last month that the Raporo Ainu Nation's rights as an Indigenous people did not extend to having an inherent right to fish for commercial reasons.
JAPAN / Society
May 3, 2024

Sapporo court ruling on Ainu fishing rights presents tough questions

A Sapporo court ruled last month that an Ainu group only has the right to engage in salmon fishing for cultural — but not commercial — reasons.
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.
ASIA PACIFIC / Politics
May 3, 2024

With eye on China, defense chiefs agree to bolster interoperability

Although “China” was not uttered by the officials during their news conference in Hawaii, Beijing’s growing assertiveness was clearly on their minds.
Despite bustling cities like Tokyo and Osaka, Japan faces a rising number of abandoned properties, particularly in rural areas, which pose risks to communities and economies.
EDITORIALS
May 3, 2024

Abandoned homes will be a big part of Japan’s future

Statistics reveal a significant increase in vacant and abandoned homes, with projections indicating a further rise unless addressed soon.
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
JAPAN / Politics
May 4, 2024

Debate on constitutional revision at a standstill despite Kishida's pledges

Lawmakers are instead focusing their attention on reviewing the political funds control law in the wake of the LDP's slush funds scandal.
Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
LIFE / Style & Design / Longform
May 4, 2024

The 'outsiders' creating some of Japan's greenest spaces

Once an exotic curiosity, Japanese gardens have gone on to inspire green thumbs around the world.
Former U.S. Treasury Secretary Lawrence Summers
BUSINESS / Economy
May 4, 2024

Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale

Policymakers likely spent some ¥9 trillion this week, an analysis of Bank of Japan accounts shows.
Shunichi Suzuki, Japan's finance minister
BUSINESS / Markets
May 4, 2024

Japan’s finance minister keeps traders guessing on yen intervention

The comments came days after Japanese authorities apparently entered the market to support the yen on two occasions this week.
Japan players celebrate after beating Uzbekistan in the final of the Under-23 Asian Cup in Doha on Friday.
SOCCER
May 4, 2024

Kokubo's injury time penalty save secures Under-23 Asian Cup for Japan

Kokubo dived to his right to keep out Umarali Rakhmanaliev's spot kick to give Japan its second under-23 title since 2016.
Much like other hot spots across Okinawa, Onna has diligently strived to captivate both domestic and international tourists, while at the same time grappling with the environmental strain induced by the influx of visitors.
ENVIRONMENT / Sustainability / OUR PLANET
May 5, 2024

As visitors surge, Japan seeks ways to make tourism eco-friendly

A record tourism boom has raised concerns over the enormous stress visitors put on the environment.
Prime Minister Fumio Kishida attends a news conference in Sao Paulo, Brazil, on Saturday.
JAPAN / Politics
May 5, 2024

Kishida, fresh off Latin America visit, vows to zero in on political funds reform

Grappling with record-low approval ratings, the prime minister hopes to amend the Political Funds Control Act during the current session of parliament.
Thomas A. Robinson National Stadium in Nassau, Bahamas
OLYMPICS / Athletics
May 5, 2024

U.S., Italy and Japan among 4x100 meter teams to qualify for Paris Olympic relays

Reigning Olympic 100 m gold medalist Marcell Jacobs helped Italy qualify for the 4x100 relays at the Paris Olympics.
A 100-meter-tall life-size Godzilla is displayed on the Tokyo Metropolitan Government Building using projection mapping.
JAPAN / Politics
May 5, 2024

Tokyo turning projection mapping into a tourist event, but some debate cost

The show is gaining recognition, with nearby hotels offering packages to those staying overnight.
Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024

Half of new NISA investments went to Japanese stocks

Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.
Ibuki Matsumoto competes at an event in Osaka on April 21.
OLYMPICS / Skateboarding
May 6, 2024

Japan’s tween skateboarders get head start on preparations for 2028 Olympics

Hikari Satake, 11, and Ibuki Matsumoto, 12, may not be household names just yet, but they are laying the groundwork for their Olympic ambitions.
Major banks as well as regional banks have raised their ordinary deposit rates to 0.02% per annum from 0.001%.
BUSINESS / Markets
May 6, 2024

Many banks in Japan raise deposit rates after BOJ action

Banks have also refrained from raising their lending rates, which would affect households and other corporate activities.
Over 300 companies went out of business in fiscal 2023 due to labor shortages, according to Teikoku Databank.
BUSINESS / Economy
May 6, 2024

Japan's labor crunch persists despite slight improvement

Companies involved in IT engineering fared the worst, with more than 7 in 10 saying they didn't have enough workers and had to resort to forgoing projects.
Mikuni Minato is not a town that has recently fallen on hard times — it's been that way for a century.
LIFE / Travel
May 7, 2024

48 hours in Mikuni Minato, Japan’s port town that time forgot

A trip to Mikuni Minato may not appeal to the average tourist, but well-traveled residents will find it fascinating.
The Kioke Summit on Shodoshima has seen a steady rise in participants from dozens in its early days 12 years ago and about 100 in 2019 to more than 600 this past February.
LIFE / Food & Drink
May 8, 2024

On Japan’s island of olives, age-old shoyu secrets survive

Each Kioke Summit features many activities including a "kioke" auction — shoyu fermentation barrels that fetch anywhere from ¥60,000 to ¥450,000.
Foreign Minister Yoko Kamikawa meets with Ivorian President Alassane Ouattara in Abidjan on April 29.
JAPAN / Politics
May 7, 2024

Kamikawa supporting struggling Kishida government on diplomatic front

Some in the ruling Liberal Democratic Party are hoping she will become a candidate for the party presidency and lead it through the next general election.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024

Japan warns of action over rapid currency moves

Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
Cold medicine packages at a drug store. Japan has faced unseasonal and larger-than-usual outbreaks of infectious diseases over the past year after the COVID-19's downgrade to the same level as flu.
JAPAN / Science & Health
May 7, 2024

Anti-infection measures still needed, one year after COVID-19 downgrade

Despite the drop in COVID-19 cases, childhood infectious diseases and the flu have spread in the country over the past year.
The Maritime Self-Defense Force’s Kaga destroyer has undergone the first stage of modifications to turn it into a de facto aircraft carrier for F-35B stealth fighter jets.
JAPAN / Politics / Regional Voices: Hiroshima
May 13, 2024

MSDF’s Kure base expanding mission as it marks 70th anniversary

The unit has increased its activities not only in national defense, but also in disaster relief operations and overseas missions.
Tourists pose in front of a convenience store with Mount Fuji on Friday in the town of Fujikawaguchiko, Yamanashi Prefecture. Local residents are upset over littering, overcrowding and the inconvenience caused by the visitors.
COMMENTARY / Japan
May 7, 2024

Thanks, tourists. Views of Mount Fuji are now blocked.

Japan needs better long-term strategies to manage tourism sustainably.
A Towa Bank employee's suicide in 2017 has been recognized as a work-related accident.
JAPAN / Society
May 8, 2024

Towa Bank employee suicide linked to overwork and harassment

Findings from the Labor Standards Inspection Office showed the man was under extreme stress due to unmanageable work pressures.
Increasingly denuded areas can be seen on the slopes of Mount Ibuki in Ibigawa, Gifu Prefecture, on April 10.
JAPAN / Society / Regional voices: Chubu
May 13, 2024

Deer cause damage to Mount Ibuki, known for its rare alpine flowers

As the amount of snowfall has decreased, affected by global warming, the number of deer has increased.
Constitutional Democratic Party of Japan President Kenta Izumi has vowed to resign if his party fails to win at least 150 seats in the next general election.
JAPAN / Politics
May 8, 2024

Pact with JCP a double-edged sword for the CDP

While some of its members wish to further the cooperation, others might prefer to work with opposition parties considered more moderate or right wing.
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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