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November 23, 2024
 

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A law requires the Pentagon to inform Congress and extensively justify any program when costs exceed the original estimate by 15%, 25% or as much as 50% depending on the categories measured.
BUSINESS / Companies
Dec 15, 2023

New U.S. ballistic missile costs risk project termination

A U.S. Air Force review will take about 45 days before a determination is made as to whether the ICBM program exceeds congressional cost thresholds.
An event is held in Osaka on Nov. 30 to mark 500 days until the opening of Expo 2025.
COMMENTARY / Japan
Dec 15, 2023

Why should any city want to host a world expo?

The projected budget for the 2025 Osaka Expo has nearly doubled and netizens and opposition politicians are calling for a cancellation.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023

FTC inspects nonlife insurers over alleged joint contract cartel

The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023

Fund that got in before Buffett now likes Japan drugstores

A top fund manager says there’s opportunity to profit from consolidation in the sector.
People walk in the Zhujiang New Town area of Guangzhou.
ASIA PACIFIC
Dec 29, 2023

China’s richest provinces promise to take lead in driving growth

Almost all 31 mainland provinces held meetings to discuss next year’s priorities after the Central Economic Work Conference in Beijing this month.
Vishnu Dabad, a Gau Rakshak, or cow protector, and a politician with the regional political party Jannayak Janta Party (JJP), in Chamdhera village, Haryana, India.
ASIA PACIFIC / Politics
Dec 29, 2023

India's far-right cow vigilantes mobilize before high-stakes elections

Some say cow vigilantism has become a way for young men to use popularity built through taking on alleged cattle smugglers to catapult into politics.
Republicans have been extraordinarily successful in shaping the electoral battlefield to their advantage and depicting U.S. President Joe Biden as too old.
COMMENTARY / The Year Ahead
Dec 30, 2023

American anxiety builds ahead of 2024 vote

The outcome of next year's election may hinge on the economic outlook, which in turn will partly depend on how the Middle East conflict evolves.
Among the issues that defined 2023 were the U.S. economy's "soft landing," the war in Ukraine, Hamas's terrorist attack and explosive advances in AI.
COMMENTARY / World
Dec 29, 2023

The most important developments of 2023

The year reminds us that the world is in desperate need of new leaders who are both competent and inspiring.
South Korea's main opposition Democratic Party leader Lee Jae-myung speaks during a news conference in Seoul on April 11.
WORLD
Jan 3, 2024

South Korean opposition leader 'could have been killed': party

Lee Jae-myung, who suffered a wound to his jugular vein, was first taken to a hospital in Busan, then flown to Seoul.
Harvesting wheat in Punjab, Pakistan
ENVIRONMENT / Sustainability
Jan 7, 2024

Military men want to kickstart Pakistan’s green revolution

Islamabad argues that corporate farming is essential to ensuring food security for its 240 million people.
The Yangshan Deepwater Port in Shanghai. China’s manufactured goods surplus relative to global gross domestic product is now around 2%, and an estimated 45% of China’s manufacturing output is being exported as the nation’s 1.4 billion people can’t buy enough goods such as electric vehicles, ships and household appliances to meet the increased supply.
BUSINESS / Economy
Jan 8, 2024

Xi Jinping’s solution for China’s economy risks triggering new trade war

Manufacturing focus sets up Beijing for renewed tensions with both developed countries and emerging economies pushing to reach the lower rungs of the industrialization.
Masaki Sato, who owns an 85-year-old property in the Akasaki district of Shika, Ishikawa Prefecture, walks in the district on Saturday after a major earthquake struck the Noto region on New Year's Day.
JAPAN / Society
Jan 8, 2024

Still standing: Unique houses survive quake in Japanese village

Despite a magnitude 7.6 quake only kilometers away, one small fishing village stood strong thanks to decades-old smart architecture.
South Korea's opposition Democratic Party leader, Lee Jae-myung, speaks after being discharged at Seoul National University Hospital in Seoul on Wednesday.
ASIA PACIFIC / Politics
Jan 10, 2024

South Korea opposition leader hopes for end to 'politics of hate' after attack

The 67-year-old male suspect told police he wanted to prevent Lee from becoming president and his party from winning the election.
U.S. President Joe Biden gives a thumbs-up as he walks with Chinese leader Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit, in Woodside, California, on Nov. 15. Their meeting attempted to calm the waters and tried to convey a sense that the U.S. and China could effectively manage their differences.
ASIA PACIFIC / Politics / ANALYSIS
Jan 11, 2024

In 2024, U.S.-China ties likely to get worse before they get better

The trajectory of Washington and Beijing's relationship this year will have profound effects on Japan's own policies going forward.
Air traffic at the Erbil International Airport in Erbil, Iraq, was suspended in the early morning on Tuesday amid explosions.
WORLD
Jan 16, 2024

Iran attacks Israel's 'espionage centers' in Iraq, state media says

Revolutionary Guards said they also struck in Syria against the Islamic State group.
China's economy grew 5.2% last year, more than most major economies. But for many in the country, the world's second-largest economy feels like it's shrinking.
BUSINESS / Economy
Jan 18, 2024

For many in China, the economy feels like it is in recession

A crisis of confidence is keeping Chinese consumers from spending and businesses in the world's second-largest economy from hiring and investing.
Green Bay Packers running back Aaron Jones dives for a touchdown against the Dallas Cowboys in a 2024 NFC wild card game at AT&T Stadium in Arlington, Texas, on Jan. 14.
MORE SPORTS / Football
Jan 19, 2024

The rise of the NFL’s 2-point conversion

The NFL playoffs have already delivered high-stakes moments around a simple decision: After a touchdown, should your team kick for 1 point, or go for 2?
A worker builds a home in Lillington, North Carolina, in June. Appetite among Japanese companies in the U.S. homebuilding market is growing as they struggle with a declining population at home.
BUSINESS / Companies
Jan 19, 2024

A $4.9 billion Japan deal for a U.S. builder heralds more M&A

Appetite among Japanese buyers in the U.S. homebuilding market is growing as they struggle with a declining population at home.
The Nikkei stock average rose above 36,570 Monday morning, a level not seen since February 1990.
BUSINESS / Markets
Jan 22, 2024

Japan's Nikkei scales 34-year peak on Wall Street record

The S&P 500 posted its first record-high close in two years, as AI fever drove big gains for chip shares and other heavyweight tech stocks.
Toshinori Yashiki, deputy director-general at the Financial Services Agency, urged lenders to pay particular attention to highly-leveraged borrowers.
BUSINESS
Jan 24, 2024

Japan regulator will probe risks to banks from higher rates

The Bank of Japan is expected to make its first rate hike since 2007 within a few months, raising the possibility that borrowers will struggle with higher interest payments.
This year was set to be a tumultuous one for global markets, with unpredictable swings as economic fortunes diverge and voters in more than 50 countries go to the polls. But there’s one unforeseen reversal already underway: a change in perception among investors about China and Japan.
BUSINESS / Economy
Jan 26, 2024

As China’s markets stumble, Japan soars toward record highs

China has not struggled for economic growth like Japan, but a protracted property market collapse has shredded consumer and investor confidence.
As a small open economy, Hong Kong is vulnerable to financial contagion and capital flights to and from China.
COMMENTARY / World
Jan 24, 2024

Hong Kong is facing a repeat of 1998 Asia financial crisis

As the Hang Seng Index selloff deepens, bankers and traders are preparing for the worst.
Evergrande, the world's most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021.
BUSINESS / Companies
Jan 29, 2024

Embattled China Evergrande ordered to liquidate by Hong Kong court

A liquidation ruling of the developer which has $240 billion of assets will likely jolt already fragile Chinese capital and property markets.
Rengo chief Tomoko Yoshino speaks at a forum in Tokyo on Wednesday.
BUSINESS / Companies
Jan 29, 2024

Pay hikes at small firms in focus at Japan’s spring wage negotiations

The decisions of such companies will play a big role in determining whether Japan can achieve a healthy wage-price cycle.
IBM offices in Foster City, California
BUSINESS / Companies
Jan 30, 2024

IBM managers: Move near an office or leave company

Return-to-office mandates are often seen as fueling attrition
China's rural banking system plays a crucial role in lending to underdeveloped areas, but many had long struggled with weak profits, soured assets and lax governance.
BUSINESS / Economy
Jan 31, 2024

China merges hundreds of rural banks as financial risks mount

But legacy issues — if unresolved — could still cripple the operations of the newly formed institutions and cause bigger problems.
Former U.S. President Donald Trump's core campaign team of a half-dozen aides is unswervingly loyal to their boss and chooses to stay mostly in the background.
WORLD / Politics
Feb 2, 2024

Inside Trump's election A-team: Lean, mean and largely unseen

A handful of distinctive figures have formed a tight, disciplined inner circle around the former U.S. president in his bid for the White House.
South Korean President Yoon Suk-yeol speaks during an interview with KBS at the Presidential Office in Seoul on Sunday. The handbag incident has cast a shadow over Yoon as his conservative People Power Party is trying to wrest control of parliament in an April election.
ASIA PACIFIC / Politics
Feb 8, 2024

South Korean president says Dior bag incident was a political move

Yoon Suk-yeol breaks his silence over a video showing his wife receiving a luxury handbag from a Korean-American pastor in September 2022.
Bank of Japan Deputy Gov. Shinichi Uchida says after the bank ends its negative rate policy, financial conditions will remain easy and any policy moves thereafter will occur at a gradual pace.
BUSINESS / Economy
Feb 8, 2024

BOJ's Uchida says sharp hikes unlikely after rates policy shift

Uchida was one of the architects of the bank's current policies and now works closely with Gov. Ueda as an influential member of the BOJ policy board.
India's Prime Minister Narendra Modi waves to his supporters as he arrives at a rally in Guwahati, India, on Feb. 4.
WORLD / Politics
Feb 12, 2024

Modi flexes global muscle with Abu Dhabi visit and temple opening

While Islam is the UAE’s state religion, Modi’s Bharatiya Janata Party has long had a strained relationship with India’s Muslim population.
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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The celebrated artist ‘updating’ the kimono
The celebrated artist ‘updating’ the kimono

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