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November 24, 2024
 

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The tail of a BYD electric vehicle sports the company’s motto, “build your dreams,” at a dealership in Shenzhen, China, on Jan. 29.
BUSINESS / Companies
Feb 12, 2024

How China built BYD, its Tesla killer

BYD’s sales, over 80% of them in China, passed Tesla in worldwide sales of fully electric cars late last year.
A man walks past a store of luxury brand Burberry at a shopping mall in Beijing in 2021.
BUSINESS / Markets
Jul 17, 2024

Luxury brands feel the sting as Chinese growth slows

China accounted for 16% of $393.8 billion of global luxury spending last year, but the economy grew slower than expected in the last quarter.
Wealthy Chinese shoppers are buying luxury goods in Japan to take advantage of favorable exchange rates, which is hurting European luxury brands' profitability.
COMMENTARY / Japan
Sep 8, 2024

Big Luxury frets that China is turning Japanese

Wealthy Chinese shoppers are buying luxury goods in Japan to take advantage of favorable exchange rates, which is hurting European luxury brands' profitability.
People line up outside an Apple store in Beijing on Sept. 20.
BUSINESS / Markets
Nov 4, 2024

Buffett keeps cutting Apple stake, with value down 60% this year

Berkshire cut its Apple holdings by roughly 25% in the period, after cutting it by almost half in the second quarter.
A worker clears away snow as last-minute grocery shoppers leave a Market Basket supermarket during a fast-moving winter storm in Plymouth, Massachusetts, on Feb. 13.
BUSINESS / Tech
Nov 5, 2024

In a changing climate, retailers turn to weather data predictions

Weather data, once used strictly for inventory planning, is now helping retailers localize advertising and decide when to discount seasonal items such as sweaters.
Tokyo Gendai is described by fair organizers Art Assembly as Tokyo Bay’s first international contemporary art fair in 30 years.
CULTURE / Art
Jul 22, 2023

Can a new art fair finally put Tokyo on the map?

Tokyo Gendai puts on a good event but still needs to change Japanese opinions on contemporary art.
The famous Nike swoosh and Air Jordan logo on an Air Jordan 1, called "Notorious" and released from 1984-85, during a preview for "The Rise of the Sneaker Culture" exhibit at the Brooklyn Museum in New York in 2015.
BUSINESS / Markets
Sep 28, 2023

Air Jordan resale prices tumble, casting shadow over Nike

Sneaker styles that once sold on StockX for $100 or more above Nike's list price are now selling for a premium of less than $10.
KitKat-maker Nestle has pledged to increase sales of products that have a Health Star Rating of 3.5 or above by around 50% in the eight years through 2030, but investors say that isn't enough.
BUSINESS / Companies
Oct 4, 2023

Nestle isn’t doing enough to sell more nutritious food, investors say

Obesity is a growing health crisis in much of the world and food companies have been under pressure to make their portfolios healthier.
An assembly engineer works on a TWINSCAN DUV lithography system at ASML in Veldhoven, Netherlands, in June.
BUSINESS / Tech
Oct 21, 2023

The multimillion-dollar machines at the center of the U.S.-China rivalry

Complex lithography machines that print intricate circuitry on computer chips are at the heart of Washington's tough new measures on Beijing.
Toshihiro Mibe, president and chief executive officer of Honda at the Japan Mobility Show, in Tokyo in October
BUSINESS / Companies
Nov 12, 2023

Booming profits bolster Japan automakers’ cautious EV shift

The Japanese auto sector is on track this year to exceed its peak operating profit of around ¥5.4 trillion in fiscal 2015.
A sign is seen outside a Tianjin Faw Toyota Motor showroom, a joint venture between China's Tianjin FAW Xiali Automobile and Toyota Motor, in central Beijing, in October 2012.
BUSINESS / Companies
Dec 2, 2023

Toyota says it halts some Tianjin operations after report

Toyota Motor has halted production on some aging lines at joint venture in China while operations continue as normal.
Prime Minister Fumio Kishida is questioned about fundraising parties by reporters in Tokyo on Wednesday.
JAPAN / Explainer
Dec 7, 2023

Understanding the LDP political funding scandal and its implications

Prime Minister Fumio Kishida and his ruling LDP are in hot water over suspicions that party factions underreported funds for years.
Set allocations to tea houses and other businesses, combined with various presale lotteries — some exclusive to paid fan club members — account for the bulk of sumo’s premium seat purchases.
SUMO / INSIDE SUMO
Dec 13, 2023

Sumo's big ticketing problem

Securing tickets for sumo's biggest matches can be a headache, particularly for sumo's many foreign fans, partially due to outdated information online.
A 2023 Toyota Prius vehicle during an auto show in New York in April
BUSINESS / Companies
Dec 20, 2023

In the birthplace of Toyota’s Prius, hybrids now reign supreme

Japan’s biggest carmakers have only recently promised to roll out a wider slate of battery-only models in the next two to three years.
Books published by Tuttle Publishing on a bookshelf in Infinity Books in Tokyo's Sumida Ward on Saturday
CULTURE / Books
Jan 3, 2024

Asia publishing mainstay Tuttle rides new wave of interest in Japan

The back catalog of Tuttle, which traces its history in Japan to 1948, is in high demand, and it has even branched out to graphic novel versions of classic Asian literature.
U.S. President Joe Biden and Prime Minister Fumio Kishida at the White House in Washington in January 2023. Some Japanese businesses are keenly waiting for the results of the U.S. presidential election in November.
COMMENTARY / Japan / Geoeconomic Briefing
Feb 1, 2024

Japanese firms seek political stability and stronger alliance: survey

A possible Taiwan contingency is just one of the issues on the minds of companies in the country.
Honda now projects an annual net profit of ¥960 billion ($6.45 billion), up ¥30 billion from the previous forecast.
BUSINESS / Companies
Feb 8, 2024

Honda and Nissan release robust earnings reports

Honda upgraded its annual profit forecast while rival Nissan said its net profit almost tripled year-on-year.
Customers shop at the GU store in the SoHo neighborhood of New York. The brand's operator Fast Retailing hopes to expand its share in markets in the United States and Europe.
BUSINESS / Companies
Feb 26, 2024

Uniqlo’s sister brand GU takes aim at market in U.S. and Europe

International sales made up more than half of Uniqlo’s revenue in the latest fiscal year, GU has mostly only flourished domestically.
Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, last May.
BUSINESS
Apr 6, 2024

Tesla scraps low-cost car plans amid fierce Chinese EV competition

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said.
Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
CULTURE / Books / Longform
Apr 22, 2024

The story isn't over for Japan's bookstores

Shops without staff, shelves for rent, cafes and meetups are some of the ways the country's dwindling bookstores are trying to survive.
An Amazon Web Services (AWS) logo is pictured during a trade fair in Hanover, Germany, on April 22.
BUSINESS / Companies
May 1, 2024

Amazon triples quarterly profit as cloud surges

The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion
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.
Despite logging a record net profit in the year to March, helped by the weak yen, Nintendo expects net profit to drop nearly 40% in the current financial year.
BUSINESS / Companies
May 7, 2024

Nintendo says announcement on Switch successor 'this fiscal year'

Players and investors have been hungry for news about a successor to the Switch, and the company said a statement was finally forthcoming.
Nvidia founder and CEO Jensen Huang delivers a keynote address on the latest innovations in AI, during a developers conference at the SAP Center in San Jose, California, on March 18. Nvidia on Wednesday issued a second-quarter revenue forecast of about $28 billion, topping the $26.8 billion predicted by analysts.
BUSINESS / Companies
May 23, 2024

Nvidia delivers on AI hype, igniting $140 billion stock rally

Its shares rose as much as 7.8% in extended trading on Wednesday, taking them above $1,000 for the first time.
U.S. pressure to slow Beijing’s advances in making semiconductors led the Netherlands to ban exports to China of ASML’s second-most advanced category of machinery at the start of the year. But ASML continues to service machines that were bought before the restrictions were in place.
BUSINESS / Companies
Jul 18, 2024

ASML falls as outlook clouded by risk of U.S. export curbs

ASML shares plunged 11% in Amsterdam on Wednesday to €870.90 ($952), wiping out €42.7 billion of market value — its biggest decline since March 2020.
Nissan's operating profit for the April-June period totaled ¥995 million, compared with ¥128.6 billion in the same period a year earlier.
BUSINESS / Companies
Jul 25, 2024

Nissan shares hammered as Q1 profit wiped out by U.S. discounts

The automaker has cut its operating profit forecast for the financial year by 17% to ¥500 billion from ¥600 billion.
A container-sized cabin produced by Zheng Weirong's company
BUSINESS / Economy
Aug 13, 2024

Chinese swap handbags for trips as ‘experience economy’ booms

Consumer spending in China is still constrained by modest income growth and falling home prices, which make homeowners feel less wealthy overall.
Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated, reducing them for BYD and several of its rivals, raising concerns about protectionism.
BUSINESS / Companies / FOCUS
Sep 5, 2024

BYD's global expansion push runs into a stiff test in Japan

Demand for electric vehicles in Japan has long been sluggish, and the government this year changed how EV subsidies are calculated.
A Toyota Lexus UX 250h Hybrid vehicle stands on display during the Seoul Motor Show in Goyang, South Korea, in March 2019.
BUSINESS / Companies
Sep 6, 2024

Japanese cars and beer gain ground in South Korea as relations thaw

Monthly sales of Japanese cars, including Toyota and Lexus, jumped 31% in August from a year earlier.
A Toyota Rav-4 Prime charges at an electric vehicle charging station in New York on Sept. 3. Toyota's sales fell again in August after declines in Japan and China put an end to a short-lived recovery.
BUSINESS / Companies
Sep 27, 2024

Toyota production falls on vehicle safety scandals and U.S. recalls

Global output, including that of subsidiaries Daihatsu Motor and Hino Motors, dropped in August by 12.6% from a year earlier
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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