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November 24, 2024
 

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Tesla, which opened a factory in Lingang, China, was expected to be one of many large, foreign companies to open facilities in the region. Few have followed.
BUSINESS / Economy
Oct 15, 2023

China’s slowdown casts pall over Xi’s Yangtze Delta project

The setback is particularly obvious in Lingang, a free-trade zone in the southeastern tip of Shanghai and a key part of the Yangtze Delta project.
United Airlines planes on the tarmac at Newark Liberty International Airport in Newark, New Jersey
BUSINESS / Economy
Oct 19, 2023

Airline investors worry travel boom may be coming in for a landing

Strong demand from travelers has so far allowed carriers to mitigate inflationary pressure with higher fares.
Honda CEO Toshihiro Mibe (left) and Cruise CEO Kyle Vogt shake hands in Tokyo on Thursday.
BUSINESS / Companies
Oct 19, 2023

Self-driving taxi service set to be launched in Tokyo in 2026

Honda, GM and the American automaker’s autonomous driving unit, Cruise, will establish a joint venture next year to prepare for the robotaxi service.
The Taiwan Semiconductor Manufacturing Co. logo atop a building at the Hsinchu Science Park in Hsinchu, Taiwan
BUSINESS / Companies
Oct 20, 2023

‘Sell TSMC, buy ASML’ gains traction as China-Taiwan risks grow

Because TSMC’s operations are mostly in Taiwan, it faces heightened geopolitical hazards. ASML, meanwhile, stands to benefit from the fragmentation.
Nissan Motor Sakura electric vehicles (left and center), and a Mitsubishi Motors eK X electric vehicle on display during their release ceremony at the Mitsubishi Motors Mizushima plant in Kurashiki, Okayama Prefecture, in May 2022.
BUSINESS / Companies
Oct 24, 2023

Japan's bestselling EV isn’t a Tesla but a $13,000 minicar

A jointly developed minicar sold as the Nissan Motors Sakura and Mitsubishi Motors eK X accounts for roughly half of all EV sales in Japan.
Servers inside Huawei's factory campus in Dongguan, Guangdong province, China, in March 2019
BUSINESS / Tech
Oct 26, 2023

China swaps Western tech for domestic options as U.S. cracks down

The telecom and financial sectors are considered the next focus for the drive, with digital payments seen as particularly vulnerable to Western hacking.
Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues.
BUSINESS / Companies
Oct 27, 2023

Western Digital and Kioxia call off merger talks, source says

South Korea's SK Hynix — a major Kioxia investor — has said it does not back the deal due to its impact on its investment asset value.
A vegetable store on the Asagaya shopping street in Tokyo on Sunday
BUSINESS
Oct 30, 2023

Japan warns Middle East situation could hit economy

The government added the developments in the Middle East to factors requiring close attention, as it "could pose a downside risk to the Japanese economy."
More than 75,000 Kaiser Permanente health care workers went on strike from Oct. 4 to 7 across the U.S.
BUSINESS / Companies
Nov 1, 2023

Unions in the U.S. are winning big for the first time in decades

Recent victories mark a potential turning point for the country’s labor movement, which has seen union ranks and power dwindle for decades.
A Tasaki jewelry store in Ginza, Tokyo
BUSINESS / Companies
Nov 2, 2023

MBK Partners to sell jewelry brand Tasaki for over $500 million

Alleged trade with Myanmar has limited the scope of potential bidders, sources said.
Tesla Model 3 vehicles at the company's factory in Shanghai in January 2020
BUSINESS
Nov 5, 2023

Cooling EV sales have Tesla, GM and Ford rethinking investments

While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably.
WeWork sought U.S. bankruptcy protection on Monday.
BUSINESS / Companies
Nov 7, 2023

SoftBank's WeWork, once most valuable U.S. startup, goes bankrupt

The company reported estimated assets and liabilities ranging from $10 billion to $50 billion, according to a bankruptcy filing.
SoftBank Group Chairman and Chief Executive Officer Masayoshi Son. Son's trust in his own intuition may have made him unwilling to heed red flags and opposition from his advisers regarding investments in WeWork.
BUSINESS / Companies
Nov 8, 2023

WeWork saga cost Masayoshi Son $11.5 billion and his credibility

WeWork's bankruptcy filing caps a yearslong saga that revealed breathtaking flaws in the Japanese billionaire's investment style.
Buildings in Pudong's Lujiazui Financial District in Shanghai. China's yuan weakened past the closely watched 7.2-per-dollar level as investor sentiment soured on a lack of aggressive stimulus and Beijing signaled a level of comfort about the declines.
BUSINESS / Markets
Nov 9, 2023

China is struggling woo back foreign investors

The lack of investment among global firms in China may have far reaching effects on the world’s second-largest economy.
The Disney store in Times Square, New York, on Oct. 29
BUSINESS / Companies
Nov 9, 2023

Disney tops earnings forecasts as Iger sets 'building' phase

Disney now says it is on track to achieve $7.5 billion in annualized savings
Takeshi Niinami, chairman of business lobby Keizai Doyukai, says the Bank of Japan "must normalize" monetary policy.
BUSINESS
Nov 10, 2023

Japan needs to prepare for 'life with interest rates': lobby head

Takeshi Niinami, chairman of business lobby Keizai Doyukai, said the Bank of Japan "must normalize" monetary policy to help weed out incompetent firms.
Bigmotor's registration as an insurance agent will be revoked later this month.
BUSINESS / Companies
Nov 14, 2023

FSA to revoke Bigmotor's registration as insurance agent

The planned penalty follows an investigation into widespread acts at Bigmotor of deliberately damaging customers' vehicles to pad insurance claims.
Japan's economy shrank 2.1% in the July-September period from the previous quarter on an annualized basis, suggesting that its economic recovery remains patchy.
BUSINESS / Economy
Nov 15, 2023

Japan’s economy shrinks, backing BOJ and government's stimulus case

Gross domestic product contracted at an annualized pace of 2.1% in the third quarter, deeper than economists’ estimate of a 0.4% shrinkage.
Shiseido shares tumbled the most in 36 years on Monday after it slashed full-year profit forecasts on sluggish China demand.
BUSINESS / Companies
Nov 16, 2023

China slowdown adds to boycott woes for Japanese beauty stocks

Cosmetics firms are finding that reliance on the world's second-biggest economy to drive sales is a double-edged sword.
The labor ministry is planning to review the workers' accident compensation program to cover all freelancers commissioned to work for companies.
BUSINESS
Nov 20, 2023

Japan to expand workers' accident compensation for freelancers

The measure is aimed at creating an environment in which freelancers can work with a sense of security.
An Omron X-ray scanner VT-X750 at the company’s Ayabe Factory in Kyoto
BUSINESS / Companies
Nov 21, 2023

X-rays are becoming an essential health check-up in chipmaking

Omron, a Japanese provider of health care equipment and factory automation, is setting its sights on the lucrative chipmaking gear market to fuel future growth.
Sam Altman was reinstated as OpenAI CEO less than five days after his ouster.
BUSINESS / Companies
Nov 23, 2023

Altman is back at OpenAI, but questions remain over firing

One of the big issue for the organization is to what extent Altman can continue pursuing outside ventures.
Azabudai Hills in Tokyo's Minato Ward on Friday
BUSINESS / Companies / FOCUS
Nov 24, 2023

With Azabudai Hills complex, Mori aims to transform Tokyo again

The developer has looked to rectify the capital's perceived weaknesses in a bid to make it more competitive against the likes of London and New York.
Sumitomo Mitsui Financial Group’s CEO Jun Ohta died Saturday. He was 65.
BUSINESS / Companies
Nov 27, 2023

Sumitomo Mitsui CEO Jun Ohta, who pushed Asia expansion, dies at 65

Ohta’s well-being attracted attention when he missed an earnings briefing earlier this month, with the bank citing health reasons.
A Bank of Japan survey shows that the services producer price index rose 2.3% in October from a year earlier.
BUSINESS / Economy
Nov 27, 2023

Corporate service inflation rise signals broadening price pressures

The services producer price index, which measures the price companies charge each other for services, rose 2.3% in October from a year earlier.
A Rakuten Mobile branch in Tokyo. Rakuten is set for another tough year in 2024, at a time when rivals are on the attack with competitive pricing and reward campaigns.
BUSINESS / Companies
Nov 29, 2023

Rakuten's mobile misadventure: from ambitious plan to millstone

Founder and CEO Hiroshi Mikitani's vision of a low-cost network using cloud-based software and cheap hardware did not pan out.
Warren Buffett (left), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend a shareholders meeting in Omaha, Nebraska, in May 2019. Munger died on Tuesday at the age of 99, according to U.S. media reports.
BUSINESS / Companies
Nov 29, 2023

After Munger's death, Berkshire Hathaway succession in focus

Berkshire has had a succession plan since at least 2006 when Buffett, then 75, told shareholders the company would be prepared for his departure.
A Walmart worker organizes products for the Christmas season in 2016.
BUSINESS / Companies
Nov 30, 2023

Walmart shifts to India and reduces imports from China

The shift shows how the rising cost of importing from China and escalating political tensions are pushing U.S. firms to import more from other countries.
Honda will invest ¥500 billion in its electric motorcycle business by 2030.
BUSINESS / Companies
Nov 30, 2023

Honda to invest $3.4 billion in electric motorcycles by 2030

The company plans to introduce 30 new electric motorcycle models worldwide by the same year.
In recent years, Jack Ma has largely stayed out of public view after clashing with the Chinese government.
BUSINESS / Companies
Nov 30, 2023

Jack Ma returns to rally troops after Alibaba’s troubles deepen

"Every great company is born in a winter"
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

SUSTAINABLE JAPAN

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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