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November 24, 2024
 

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Erin Lim, CEO of baby products company Konny, in front of her company's new office in Seoul. Early starts and late finishes to workdays are routine in South Korea, a country notorious for its hard-driving corporate culture, but Erin Lim knew she wanted to do things differently at her business.
BUSINESS / Companies
Dec 28, 2023

South Korean mother's office-free firm sparks hope amid birthrate woes

South Korea has some of the world's lowest birth rates, and despite government incentives many women choose not to become mothers.
Alaska Airlines Boeing 737 Max-9 aircraft grounded at Seattle-Tacoma International Airport (SEA) on Saturday. Alaska Airlines will ground its entire fleet of Boeing 737 Max-9 aircraft after a fuselage section in the rear part of the brand-new jet blew out shortly after takeoff last Friday.
BUSINESS / Companies
Jan 8, 2024

Boeing CEO’s comeback plan for 2024 takes a blow five days in

Alaska Airlines incident could hinder the year's manufacturing pace for 737s amid immense pressure on the planemaker to return its factories to 2019 rates.
British lawmakers are calling for billions of dollars of government contracts with Fujitsu to be reexamined amid public outrage over the scandal, ignited by a hit TV drama aired last week.
BUSINESS / Companies
Jan 11, 2024

Japan tech firm Fujitsu in firing line over U.K. Post Office scandal

Its faulty software had resulted in hundreds of local post office managers being wrongly convicted for theft and false accounting between 1999 and 2005.
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.
Executives at the World Economic Forum say they are grappling with how to turn early demos featuring artificial intelligence into money-makers.
BUSINESS / Tech
Jan 18, 2024

AI buzzes Davos, but CEOs wrestle with how to make it pay

The arrival of OpenAI's viral ChatGPT in late 2022 triggered a frenzy of venture investment and an abrupt change of course inside the world's biggest technology companies.
Japan's core machinery orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming six to nine months, fell more than expected in November.
BUSINESS / Economy
Jan 18, 2024

Japan's core machinery orders fell more than forecast in November

Capital spending is one of the key drivers for Japan's economy and a major indicator of business confidence.
Taiwan Semiconductor Manufacturing Co.’s new factory in Kikuyo, Kumamoto Prefecture, in May 2023
BUSINESS / Tech / FOCUS
Jan 29, 2024

Can Japan again master semiconductors to relive its glory days?

Competition in the sector is fierce, with many countries pushing to develop their own capabilities and insulate supply chains from geopolitical tensions.
Pills move through a sorting machine at a pharmaceutical plant in Visakhapatnam, India. A recent report shows one Indian firm using suppliers with ties to China’s military industry, questionable track records on safety and bases in Xinjiang.
BUSINESS / Companies
Feb 6, 2024

U.S. taps Indian pharma, but supply chains still lead back to China

A recent report shows one Indian firm using suppliers with ties to China’s military industry, questionable track records on safety and bases in Xinjiang.
Volkswagen has long come under scrutiny over its factory in Urumqi in Xinjiang, which opened in 2013.
BUSINESS / Companies
Feb 15, 2024

Pressure mounts on Volkswagen to exit China's Xinjiang region

The carmaker said it was discussing the future of its activities in the region, following fresh allegations of human rights abuses.
Daiso Industries founder Hirotake Yano
BUSINESS
Feb 20, 2024

Hirotake Yano, founder of ¥100 chain Daiso, dies at 80

The retailer capitalized on a shift in spending habits after Japan's economic bubble burst, launching Yano onto the Bloomberg Billionaires Index.
The volume of mergers and acquisitions linked to Japan has grown 43% so far this year.
BUSINESS / Companies
Feb 22, 2024

Japan sees dealmaking boom as mergers and acquisitions rise 43%

A strong stock market is giving companies more scope for acquisitions at a time when the government and investors are pressuring firms to bolster growth.
Mitsuya Kishida, incoming CEO of Nidec (left), and Shigenobu Nagamori, chairman and CEO, during a news conference at the company's headquarters in Kyoto on Feb. 14.
BUSINESS / Companies
Mar 12, 2024

Japan's Nidec, U.S. private equity firm KPS vie for Siemens’ motors unit

The Innomotics unit makes heavy-duty electric motors used in ships and mining equipment, and could fetch about ¥483.6 billion in a sale.
Business sentiment among major Japanese companies in the January to March period deteriorated to record its first negative reading in four quarters.
BUSINESS / Economy
Mar 12, 2024

Big Japanese firms' sentiment shows first negative reading in four quarters

The business sentiment index for large companies stood at minus 0.018, according to the joint Finance Ministry-Cabinet Office survey.
A closed McDonald's in Tokyo on Friday after a tech issue forced outlets of the burger chain to shut around the world.
BUSINESS
Mar 16, 2024

Big Mac goes Big Tech — with a few hiccups

McDonald's reliance on tech backfired on Friday when an outage forced it to shut stores around the world.
Airplane fuselages outside the Boeing manufacturing facility in Washington. Boeing’s recent problems are further widening the gap between supply and demand.
BUSINESS / Companies
Mar 18, 2024

Boeing’s pain spreads to travelers as airlines cut back on plans

As a result, passengers will face fewer flight options and potentially higher prices on at least some popular short and midrange routes.
Residential skyscraper buildings beyond luxury villas on the waterfront of the Palm Jumeirah in Dubai
BUSINESS
Mar 28, 2024

Dubai’s glitz dims for Russians on costs and U.S. sanction pressures

Two years ago, Dubai became a hot favorite with Russians looking to park money or build new lives after Russia’s invasion of Ukraine.
Reddit CEO Steve Huffman rings a ceremonial bell at the New York Stock Exchange (NYSE) to celebrate the company's initial public offering on March 21.
BUSINESS / Tech
Mar 28, 2024

Reddit’s IPO is a content moderation success story

Deciding what users are and aren’t allowed to post is something every social media company has to embrace eventually, if it wants to succeed.
Activist investor Oasis Management says shares in Kao have the potential to rise by more than 70% from recent levels.
BUSINESS / Companies
Apr 4, 2024

Kao shares jump as activist investor Oasis calls for improved performance

Kao has "significantly underperformed” its competitors in sales growth, margins, return on equity and stock performance, Oasis said in a statement.
A prototype of the Astroscale Holdings ELSA-d in-orbit debris capture and removal craft is displayed at the company's office in Tokyo in December 2018.
BUSINESS / Companies
Apr 5, 2024

Japan space startup Astroscale aims for June listing, sources say

The 11-year-old company spoke to overseas institutional investors in March to gather feedback before making a decision on a listing.
Prime Minister Fumio Kishida and U.S. President Joe Biden at the White House in Washington on Tuesday
BUSINESS / Companies / FOCUS
Apr 10, 2024

Kishida’s U.S. trip highlights economic and political compatibility

Kishida has worked closely with Biden to enhance the Japan-U.S. alliance, with the countries labeling their bilateral ties a “global partnership.”
Prime Minister Fumio Kishida and U.S. President Joe Biden during a joint news conference at the White House on Wednesday
BUSINESS / EXPLAINER
Apr 15, 2024

Biden-Kishida summit drives home U.S.-Japan economic union

The leaders used their meeting to bake economic cooperation into the allies' relationship in hopes of making it harder to pull out of in the future.
An electronic board shows stock indexes at the Lujiazui financial district in Shanghai on March 21, 2023.
BUSINESS / Companies
Apr 17, 2024

China's money managers lament loss of quality research amid analyst cutbacks

A prolonged market slump has reduced trading commissions as authorities tighten limits around what research analysts are allowed to publish.
Laxman Narasimhan has been CEO of Starbucks for just over a year.
BUSINESS / Companies
May 2, 2024

Sales slump and shares dive at Starbucks as inflation cuts thirst for treats

The global chain expressed confidence in its forecast as recently as November, saying that demand for iced shaken espressos was resilient.
People try out the new iPhone 15 Pro in Shanghai in September 2023.
BUSINESS / Companies
May 2, 2024

Apple tapping AI to boost iPhone demand ahead of expected sales decline

Wall Street expects a slight decline in iPhone sales, and analysts estimate quarterly revenue to fall by the most since the winter of 2022.
With Apple’s business making up more than half of the company's revenue, investors are watching Hon Hai for clues on iPhone sales.
BUSINESS / Tech
May 6, 2024

iPhone maker Hon Hai hits a record high buoyed by AI and Apple

Hon Hai makes most of the world’s iPhones, but is now diversifying to focus on building datacenter server racks and other equipment for AI clusters.
Panasonic Energy's operating profit for the past business year fell short of its forecast due to lower electric vehicle battery production in Japan.
BUSINESS / Companies
May 9, 2024

Panasonic's battery unit misses annual profit estimate

Panasonic Energy faces fierce competition from other Asian battery makers such as China's CATL and South Korea's LG Energy Solution.
China’s fading appeal to foreign firms comes despite Chinese President Xi Jinping’s pledge in November to take more "heart-warming” measures to ease access to the world’s second-largest economy.
BUSINESS / Companies
May 10, 2024

EU firms’ appetite for China investment sinks to record low

Only 13% of firms surveyed earlier this year saw the country as a top destination for investments, a survey found.
Sharp's plant in Sakai, Osaka Prefecture, is the only remaining production site for LCD TV panels in Japan.
BUSINESS / Companies
May 15, 2024

Sharp to halt LCD plant in Osaka Prefecture by September

The major electronics maker, which continues to bleed red ink, is hoping to prevent a further deterioration of its earnings.
Prime Minister Fumio Kishida says his administration is committed to capital market reforms to attract more foreign investments.
BUSINESS / Economy
May 23, 2024

Kishida makes public push on capital market reforms

Kishida's appearance at a conference held by Wall Street bank Morgan Stanley was another example of Japan's effort to shed the image of being unwelcoming to foreign investors.
Bidet toilets are the norm in Japan, where more than 80% of homes have one. But their numbers are growing worldwide.
BUSINESS / Companies
Jun 2, 2024

Feeling flush: Japan's high-tech toilets go global

Sales are surging abroad and especially in the United States, led by A-list bidet fans such as Drake, the Kardashians and Alexandria Ocasio-Cortez.
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.
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.
Japan will spend ¥325 million in government funds on Princess Yuriko's funeral
Princess Yuriko waves during the New Year's public greeting at the Imperial Palace in Tokyo in January 2019.
MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
China reinstates visa-free travel for Japanese nationals
Beijing Daxing International Airport
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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