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Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, in 2018.
BUSINESS / Markets
May 16, 2024

U.S. efforts to reshape global supply chains gathers pace in Asia

Investment flows are shifting along with trade, with global firms investing in Southeast Asia to avoid U.S. tariffs on China.
The rate of the U.S. dollar against the yen is displayed on an electronic stock board outside a securities firm in Tokyo earlier this month.
BUSINESS / Companies
May 17, 2024

Majority of Japanese firms say weak yen hurts profits: survey

About half of surveyed companies said a yen trading around ¥110 to ¥120 to the dollar would be appropriate.
People shop at a local traditional market in the early morning in Kinmen, Taiwan, on Saturday.
BUSINESS
May 18, 2024

For Taiwan shoppers, China's malls only a ferry ride away

More than 700,000 people made the journey between Kinmen and China by ferry last year, the vast majority of them Taiwanese.
Russian Defense Minister Andrei Belousov attends a meeting of Russian President Vladimir Putin with commanders of troops of military districts, in Moscow on May 15.
WORLD / Politics
May 20, 2024

The technocrat who’s taking control of Putin’s war effort

While other technocrats in Russian President Vladimir Putin's orbit privately see his geopolitical moves as problematic, the new defense minister is a true believer.
Japan swung to a trade deficit of ¥462.5 billion in April due to higher crude oil prices and a weak yen.
BUSINESS / Economy
May 22, 2024

Japan trade deficit shows weak yen is weighing on economy

The trade balance in April registered a ¥462.5 billion deficit, flipping from a ¥387 billion surplus.
A 2-megawatt solar farm in the city of Fukushima. “Megasolar” refers to farms with a minimum output of 1 MW of electricity — enough to power around 300 homes for a year.
ENVIRONMENT / Energy / OUR PLANET
May 26, 2024

‘Megasolar’ is a dirty word in Japan. Where do solar projects go from here?

Vocal campaigns are pushing back against projects as dangerous eyesores, but "dual-use" approaches and community engagement may offer a solution.
A boy walks past a mural painted outside the house where former South African President Nelson Mandela once lived in, in Johannesburg's Alexandra township, on June 9, 2013.
WORLD / Society
May 27, 2024

Mandela's vision for South Africa fades as nation closes door to migrants

Immigration has become a hot issue in the run-up to the country's May 29 national vote, the first in which most people have no memory of decades of apartheid.
Thaksin Shinawatra, Thailand's former prime minister, arrives at Don Mueang airport in Bangkok after returning from a self-imposed exile on Aug. 22, 2023.
ASIA PACIFIC / Politics
May 30, 2024

Thailand heads for fresh political turmoil as Thaksin indictment looms

The political instability can potentially delay a parliamentary approval for the 2025 budget and cause further damage to the nation’s fragile financial markets.
The U.S. flag is magnified in Federal Reserve Bank Chair Jerome Powell's glasses during a news conference on May 1 in Washington. In his first term as U.S. president, Donald Trump broke with decades of precedent by openly attacking Powell, first for raising interest rates and then for not cutting them further.
BUSINESS / Economy
Jun 3, 2024

Traders and economists see Trump win as risk to Fed autonomy, survey shows

A push to roll back the central bank’s independence would likely rock financial markets, undermine investors’ faith and expose it to political pressure to cut interest rates.
Line, which has evolved into an all-encompassing app used for messaging, payments, job searches and more, is now at the center of a dispute over its ownership.
COMMENTARY / Japan
Jun 5, 2024

Why Line, a superapp, sparked a diplomatic dispute

Line, which has evolved into an all-encompassing app used for messaging, payments, job searches and more, is now at the center of a dispute over its ownership.
Ryu Kawane works at the Costco store in Meiwa, Gunma Prefecture. Costco's high pay has triggered wage hikes at other businesses in town.
BUSINESS / Companies
Jun 6, 2024

Costco's Japan wages provide pathway to firing up nation's low pay and economy

A sustainable rise in wages is a key goal for Prime Minister Fumio Kishida and the Bank of Japan says it's a crucial factor for normalizing monetary policy.
Atarashii Gakko! released its third album, “AG! Calling,” on June 7. The group is currently touring Asia with songs from the new release featured in its set
CULTURE / Music
Jun 21, 2024

Atarashii Gakko! schools crowds overseas on just how bananas J-pop can get

With appearances at major festivals, on U.S. television and new album "AG! Calling," this sailor-suited rapping four-piece is on quite a roll.
The administration of Prime Minister Fumio Kishida on Friday approved this year's honebuto economic and fiscal policy guidelines.
BUSINESS / Economy
Jun 21, 2024

Japanese government restores 2025 primary budget surplus target

In its economic blueprint, the Kishida administration has pledged a balanced budget other than interest payments by fiscal 2025.
Tour guide and history buff Rory Dent left his job at a U.K.-based tour operator to move to Japan and start his own business.
LIFE / Travel / Longform
Jun 30, 2024

Guiding Japan through the challenges of overtourism

With the number of overseas tourists breaking records, guides and tour operators are seeing their businesses flourish.
Wind turbines near New Brighton, England. According to the International Energy Agency, Japan could produce over 900% of its energy demand with offshore wind alone.
ENVIRONMENT / Energy / OUR PLANET
Jun 30, 2024

Japan looks farther out to sea for overdue wind power boost

A bill enabling development in the country's exclusive economic zone is seen as key to Japan achieving carbon neutrality by 2050.
Inside the TikTok office in Singapore in 2023
BUSINESS / Tech
Jul 1, 2024

China’s AI startups head to Singapore in a bid for global growth

Singapore offers many Chinese artificial intelligence startup companies better access to global investors and customers than China does.
Chinese leader Xi Jinping with French President Emmanuel Macron in France in May. As part of a charm offensive, Xi visited France and other European countries in the spring.
COMMENTARY / Japan / Geoeconomic Briefing
Jul 1, 2024

Expectations vs. reality of Xi Jinping's charm offensive

Beijing is trying to win back favor in several countries to tackle its economic woes, with Xi courting bilateral relations with leaders in Europe and beyond.
Bain Capital partner Masashi Suekane during an interview last month
BUSINESS / Markets
Jul 5, 2024

Bain Capital to invest ¥5 trillion in Japan over five years

Bain Capital plans to increase its workforce in Japan and has established a team to help firms make effective use of their real estate with low profitability.
Japanese workers' base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
BUSINESS / Economy
Jul 8, 2024

Japan base pay jumps most since 1993 in positive signal for BOJ

Base pay increased 2.5% in May from a year ago, the fastest growth since 1993.
The Justice Ministry is considering helping Ukraine improve laws and regulations.
JAPAN / Politics
Jul 14, 2024

Japan to help Ukraine improve laws to support reconstruction

The move is intended to support Ukraine's negotiations for EU membership and create an environment good for Japanese companies to enter the Ukrainian market.
Several people from Nomura Holdings in charge of Asia excluding Japan are leaving the company, according to an internal memo.
BUSINESS / Companies
Jul 17, 2024

Nomura reshuffles Asia investment banking team and cuts jobs in slump

A management change coincides with a new round of job cuts involving about 10 bankers this week, sources have said.
Chinese President Xi Jinping delivers a speech in Pretoria, South Africa, Aug. 22, 2023.
ASIA PACIFIC / Politics
Jul 18, 2024

Xi to map out vision for China’s economy as key meeting wraps up

The summit comes as China battles a years-long real estate crisis, which has prompted the longest deflationary streak since 1999.
The yen strengthened Wednesday to break the psychological threshold of ¥155 against the dollar, with technical indicators suggesting the momentum can continue.
BUSINESS / Markets
Jul 24, 2024

Yen extends advance as unwinding of global carry trades ramps up

Investors are betting on more rate hikes in Japan and the chance of further intervention by authorities to prop up the Japanese currency.
The Nikkei stock index fell to a three-month low on Thursday.
BUSINESS / Markets
Jul 25, 2024

Nikkei closes at 3-month low as yen strengthens

The 225-issue average fell 3.28% to end the day at 37,869.51, its lowest close since April 25.
A monitor shows an increase in the 225-issue Nikkei average, in Tokyo on Tuesday.
BUSINESS / Markets
Aug 13, 2024

Nikkei surges 3.5% on return from holiday as weak yen supports

The Nikkei average ended the day at the session's peak of 36,232.51, trading higher in the last 40 minutes of trading.
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference on May 6 in Beverly Hills, California.
BUSINESS / Companies
Aug 15, 2024

Musk’s free speech mantra collides with crackdowns on hate speech and disinformation

Since taking over, Musk has largely abandoned X’s prior efforts to curb misinformation, instead asking users to police themselves.
The Panama Canal is Panama’s biggest source of revenue, bringing in nearly $5 billion last year.
BUSINESS
Aug 28, 2024

Panama Canal eases limits that caused global shipping bottleneck

Last year’s El Nino caused a significant drop in rainfall and forced the canal to implement daily transit restrictions.
Government Pension Investment Fund in Tokyo
BUSINESS / Markets
Sep 4, 2024

GPIF watchers say $1.75 trillion fund may buy more Japan stocks

GPIF is likely to have reclaimed its position as the world’s largest pension fund, thanks to the yen’s rebound after a brief slip earlier this year.
The European Court of Justice is set to give a ruling on Irish tax breaks to U.S. company Apple on Tuesday.
BUSINESS / Tech
Sep 10, 2024

D-Day for Apple and Google as EU court to rule on major cases

The Apple case has been one of several investigations in the previous decade into sweetheart tax arrangements between major companies and several EU countries.
Shoppers outside an office building in Beijing in August. China's overall public spending — which includes local governments — is shrinking, not growing. It contracted about 2% in the first seven months of 2024.
BUSINESS / Economy
Sep 12, 2024

China’s attempt to boost demand is stifled by wall of austerity

While finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, their counterparts in the provinces are in full belt-tightening mode.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?