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November 24, 2024
 

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Yoshiyuki Enomoto, president of the Japan Chamber of Commerce and Industry in India, speaks during an interview in New Delhi on June 27.
BUSINESS / Companies
Jul 10, 2024

More Japanese firms urged to expand into India's market

JCCII aims to help more small and midsize Japanese firms enter India
Fast Retailing’s expansion into the U.S. and Europe is paying off, with a strong performance in those markets helping to make up for a sharp deceleration in China.
BUSINESS
Jul 11, 2024

Fast Retailing’s push into western markets softens China slump

The company behind popular brands Uniqlo and GU raised its full-year forecast for operating income to ¥475 billion ($2.9 billion) from ¥450 billion.
Fans celebrate BTS' 11th debut anniversary during 2024 FESTA, an event for fans of the K-pop boy band a day after band member Jin was discharged from the South Korean army after 18 months of military service, in Seoul on June 13.
BUSINESS
Jul 15, 2024

TikTok sees K-culture spend doubling to $143 billion by 2030

In the U.S. and Southeast Asia, research has found that about 80% of social media users have found Korean culture through TikTok.
Toyota's plan to buy back shares from major banks and insurers is part of a broader push to unwind strategic shareholdings with financial partners.
BUSINESS / Companies
Jul 23, 2024

Toyota to buy back stock worth $5.2 billion from banks and insurers

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Tokio Marine Holdings and MS&AD Insurance Group Holdings are tendering shares at an 11% discount.
Nippon Steel is dissolving its joint venture with China's Baoshan Iron & Steel, ending two decades of cooperation.
BUSINESS / Companies
Jul 23, 2024

Nippon Steel to dissolve joint venture with China's Baoshan

Nippon Steel did not provide a reason for dissolving the partnership originally established in 2004.
The Kestrel I Suborbital Launch Vehicle, operated by AtSpace, sister company of Taiwanese rocket startup TiSpace, at an AtSpace facility in Queensland, Australia, on Tuesday
BUSINESS / Companies / ANALYSIS
Jul 25, 2024

Taiwanese rocket startup may bolster Japan's space hub ambitions

A planned launch has faced regulatory hurdles and delays amid questions over whether Japan should embrace overseas business as it works to grow its space industry.
Customers stand in line outside a Louis Vuitton store in Tokyo's Ginza district on July 19.
BUSINESS / Companies
Aug 2, 2024

Luxury brands count cost as shoppers from overseas enjoy weak yen discount

Goods sold in Japan by global luxury brands, ranging from designer sneakers to whisky, now tend to be cheaper in dollar terms than elsewhere.
Nippon Steel Vice Chairman Takahiro Mori holds a news conference in Tokyo on Thursday.
BUSINESS / Companies
Aug 4, 2024

Nippon Steel raises full-year profit forecast, confident on U.S. Steel deal

Net profit in April-June, its first quarter, fell 11% from a year earlier to ¥157.6 billion, but exceeded analyst expectations of ¥108.7 billion as per LSEG data.
According to a third party investigation, phishing attacks are thought to have enabled the theft of employee account information, which gave hackers access to Kadokawa's internal network.
BUSINESS / Companies
Aug 6, 2024

Kadokawa confirms data leak of 254,000 people due to cyberattack

According to a third party investigation, phishing attacks are thought to have enabled the hack and subsequent date leak.
The Intel Corporation logo at a temporary office during the World Economic Forum (WEF) in Davos, Switzerland, in 2022
BUSINESS / Tech
Aug 8, 2024

How spurning OpenAI set chip giant Intel behind in the AI marketplace

OpenAI went on to launch the groundbreaking ChatGPT in 2022 and is now reportedly valued at about $80 billion.
A petrochemical plant in China. Asia's producers face the toughest outlook, with oversupply likely to persist.
BUSINESS / Companies / ANALYSIS
Aug 9, 2024

Petrochemical makers enter survival mode amid global glut

Major petrochemical producers in Asia and Europe are selling assets, shutting older plants, and retrofitting facilities.
The central square of the Czech town Roznov pod Radhostem, which has about 16,000 inhabitants
BUSINESS / Tech
Aug 14, 2024

The sleepy Czech town helping Europe compete in the global chip war

In Roznov, about 2,200 Onsemi employees make 10 million chips a day for car, industrial and telecommunications customers.
Traders work on the floor at the New York Stock Exchange (NYSE) on Aug. 8
BUSINESS / Tech
Aug 15, 2024

Hedge funds race to tailor ChatGPT for time-consuming research chores

Fast-money proponents remain steadfast in their conviction that their investments will reap tangible wins.
The refrain from linking the ruble's fall to the events unfolding just 530 kilometers southwest of Moscow illustrates a push within Russia to prevent bad economic news from reaching the wider public.
BUSINESS / Economy
Aug 16, 2024

Silence reigns in Russia over linking ruble fall to Ukrainian attack

The ruble touched a 10-month low against the dollar and the lowest level against the yuan since June 24 in the Aug. 13 session.
The Finance Ministry will apply foreign trade regulations to chipmaking equipment, requiring foreign investors to give prior notice when conducting direct investment in the sector.
BUSINESS
Aug 16, 2024

Japanese government tightens grip on chip supply-chain network

The move comes as Japan tries to revive its own capacity to produce semiconductors as a pillar of its economic security strategy.
A 7-Eleven convenience store, operated by Seven & I Holdings, in Tokyo
BUSINESS / Companies
Aug 19, 2024

Couche-Tard bids for $31 billion Japanese retailer Seven & I

If realized, Canadian convenience-store operator Alimentation Couche-Tard's move would be the largest-ever foreign takeover of a Japanese company.
Wind turbines in Rokkasho, Aomori Prefecture
BUSINESS
Aug 19, 2024

Japan offers lifeline to ESG investing amid backlash overseas

In light of the anti-ESG sentiment in the U.S. and Europe, analysts said that Japan can play a key role in driving sustainable finance globally.
Alimentation Couche-Tard’s proposed acquisition of Seven & I Holdings, if successful, would be an extremely rare case of a foreign company's buyout of a major Japanese firm.
BUSINESS / Companies
Aug 20, 2024

Seven & I buyout would be a watershed moment for Japan takeovers

Until now, an attempt to acquire such a well-known Japanese business at such scale would have been dismissed as audacious and unlikely.
Tourists enjoy the beach in Malaga, Spain, on Aug. 14.
BUSINESS
Aug 20, 2024

Package deals make comeback in Europe among budget-conscious sun seekers

The combination of a cost-of-living crisis and disruption from strikes and glitches has added to the appeal of a fixed-price package without unexpected add-on costs.
A Mitsubishi Electric employee prepares a robotic arm for a demonstration of the firm's artificial intelligence technologies.
BUSINESS / Companies
Aug 23, 2024

Mitsubishi Electric fights to keep up with AI data center demand

The Tokyo-based maker of factory automation is a key supplier of optic fiber communication devices that link servers to one another.
A store clerk tries to cool things down in front of their shop by spraying a hose.
BUSINESS / Economy / Longform
Aug 26, 2024

Is extreme weather changing the way Japan shops?

Intense heat and an increase in storms, by-products of a changing climate, are altering consumer behavior.
Makoto Asai (right) works at his restaurant in Suzu, Ishikawa Prefecture, on Wednesday.
JAPAN / Society
Sep 1, 2024

Reconstruction demand aiding business recovery eight months after Noto quake

There is a long way to go before full-scale postdisaster reconstruction, with many businesses operating for shorter hours or at makeshift facilities.
An abandoned house in Urayama, Saitama Prefecture. Buying an <i>akiya</i>, which means empty house in Japanese, can be a rewarding experience that yields a unique space and a livable home, competitively priced. Or it could turn out to be a money pit.
BUSINESS / Economy
Sep 2, 2024

First lesson of Japan’s akiya gold rush: No such thing as a free house.

Renovations are usually the most expensive part of the journey and the laundry list of what needs to be done is long and tends to get longer after the process starts.
A Samsung high-bandwidth memory chip. South Korea is among a handful of semiconductor powerhouses that face a potential U.S. ban on exports to China of state-of-the-art chips, including high-bandwidth memory, used to train artificial intelligence.
BUSINESS / Tech
Sep 2, 2024

South Korea wants U.S. ‘carrots’ for embracing China chip curbs

South Korean trade minister says incentives ‘would help U.S. policy be embraced more easily.’
Daikin's air conditioners for sale at a home appliances store in Mumbai
BUSINESS / Companies
Sep 3, 2024

Daikin, world’s No. 1 air-conditioner maker, to expand capacity in India

The Japanese company has signed a memorandum of understanding to acquire an additional 13.4 hectares to build a new plant near its current factory in southern India.
The Reserve Bank of New Zealand in Wellington in 2017
BUSINESS / Economy
Sep 3, 2024

New Zealand's data fog leaves its central bank flying blind

Years of tight funding by successive governments have left statisticians struggling to keep up with a rapidly changing economy.
Nippon Steel's proposed acquisition of U.S. Steel is opposed by politicians across the political spectrum, including both Republican and Democratic presidential candidates — Vice President Kamala Harris and former President Donald Trump.
BUSINESS / Companies
Sep 5, 2024

Japan miffed but reaction muted after shocking twist to U.S. Steel deal

U.S. President Joe Biden is set to reject Nippon Steel's acquisition of the American steelmaker, according to multiple unconfirmed reports released in recent days.
Seven & I Holdings, operator of the 7-Eleven convenience store chain, said on Friday it has rejected Alimentation Couche-Tard's takeover bid as not being in the interest of shareholders.
BUSINESS / Companies
Sep 6, 2024

Seven & I pans value of offer as it rejects Canadian takeover bid

Seven & I said that Alimentation Couche-Tard had “grossly” undervalued the target company and that the takeover attempt was timed “opportunistically.”
A new deal may mark a big step in China’s yearslong ambition to create an "aircraft carrier-sized" brokerage to take on Wall Street banks.
BUSINESS / Markets
Sep 6, 2024

China creates its largest brokerage to take on Wall Street

The deal would mark a big step in China’s yearslong ambition to create an "aircraft carrier-sized” brokerage.
A polygraph machine sits on a table in an office of AO Eurasian Bank in Almaty, Kazakhstan, in 2013.
BUSINESS / Tech
Sep 6, 2024

AI-powered lie detectors can help tell if you’re lying on a Zoom call

CyberQ is just one of a crop of new companies looking to build AI-powered lie detectors that could be used during work-related online meetings.
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.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
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.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
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.
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

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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