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U.S. President Joe Biden announces a preliminary agreement with Intel for a major CHIPS and Science Act award, during a visit to the Intel Ocotillo Campus, in Chandler, Arizona, in March.
BUSINESS / Tech / FOCUS
Nov 9, 2024

Trump’s win sets off race to complete chip subsidy deals

The Biden administration is aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.
Yasushi Itagaki, head of MUFG’s global commercial banking business, says the banking group aims to push up its buyouts and investment in India, and increase annual returns from them to 20% in 10 years.
BUSINESS / Companies
Nov 11, 2024

MUFG seeks acquisitions in India to drive growth, targeting 20% returns

Japan's largest lender is competing with a slew of global peers to expand in the world’s fastest-growing major economy.
People walk along Wall Street in New York.
BUSINESS / Markets
Nov 11, 2024

Wall Street math wizards are decoding private-market returns

Decoding such illiquid investments is fraught with pitfalls, however, as many modeling mortgage bonds and derivatives before the financial crisis would testify.
Then-U.S. President Donald Trump with the then-leader of Vietnam's Communist Party, Nguyen Phu Trong, at the Presidential Palace in Hanoi in February 2019
BUSINESS / Markets
Nov 12, 2024

Vietnam may find it harder to profit from new U.S.-China trade war

Its growing trade surplus with the U.S. — which is fourth-largest, after China, Mexico and Canada — will likely put it in U.S. President-elect Donald Trump's sights.
Nojima will purchase about 93% of Vaio's outstanding shares from investment fund Japan Industrial Partners.
BUSINESS / Companies
Nov 12, 2024

Nojima to acquire PC company Vaio for ¥11.2 billion

Sony will continue to hold a 4.7% stake in Vaio.
Nissan’s filing said Suntera (Cayman) is the buyer of the 2.5% stake and listed Suntera as a trustee of ECM Master Fund.
BUSINESS / Companies
Nov 12, 2024

Nissan surges after firm linked to hedge fund takes 2.5% stake

The jump is a remarkable turnaround for Nissan’s stock, which plunged last week after the carmaker slashed jobs and said it would cut manufacturing capacity by a fifth.
Rakuten's sale of 15% stake in its credit card arm to Mizuho Financial Group would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter.
BUSINESS / Companies
Nov 14, 2024

Rakuten sells Mizuho 15% of credit card arm for ¥165 billion

The sale would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter, Rakuten said in a statement Wednesday.
Nissan and its group firms have about $1.6 billion of debt due next year, a slight decrease from 2024, but that figure will jump to around $5.6 billion in 2026, the most in Bloomberg-compiled data going back to 1996.
BUSINESS / Companies
Nov 15, 2024

Nissan faces record debt bill with one year left to fix finances

The automaker and its group firms are seen having about $5.6 billion in debt due in 2026.
Japanese companies lack the agility needed for the digital transformation, a new report says.
BUSINESS / Economy
Nov 15, 2024

Japan ranked 31st in digital competitiveness, 92nd for English skills

In the 2024 EF English Proficiency Index, Japan was ranked 92nd, down from 87 the previous year. It was its worst showing yet.
Japan’s megabanks have resumed trading activities with Nomura Holdings, people with knowledge of the matter said.
BUSINESS / Companies
Nov 18, 2024

Nomura's trading clients return after market manipulation probe

Many of the firms returned to Nomura after the brokerage explained measures it is taking to prevent a recurrence of the breach, sources said.
Sony already has a 2% stake in Kadokawa and a stake in Kadokawa subsidiary FromSoftware, the developer of Elden Ring.
BUSINESS / Companies
Nov 19, 2024

Sony in talks to buy media powerhouse behind Elden Ring, sources say

The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks.
Huawei’s struggles reflect how years of U.S. sanctions have scored initial success at freezing Chinese technology advancements at current levels, and deprived its national champions of the chance to graduate to the next level.
BUSINESS / Tech
Nov 20, 2024

China’s chip advances stall as U.S. curbs hit Huawei AI product

Huawei's hurdle has implications for China's broader ambitions, suggesting the country will lag further behind the U.S. in 2025 when newer chips emerge.
People walk near the entrance of the venue of the United Nations climate change conference COP29, in Baku, Azerbaijan, on Monday.
BUSINESS / Economy
Nov 20, 2024

Development banks seek private money for climate change fight

Development banks committed to increasing their lending to poorer countries to $120 billion a year by 2030.
Tokyo Gas’ LNG terminal in Sodegaura, Chiba Prefecture
BUSINESS / Companies
Nov 20, 2024

Tokyo Gas shares jump most since 1987 after activist fund discloses major stake

Elliott Investment Management said it now owns more than 5% of Tokyo Gas and may make "important proposals” to the utility provider.
Korea Zinc Chairman Yun B. Choi, a grandson of a co-founder, last week agreed to scrap a controversial plan to issue new shares in the zinc refiner to help fend off a takeover attempt.
BUSINESS / Companies
Nov 21, 2024

Korea Zinc takeover battle tests Seoul's resolve on tackling 'Korea discount'

South Korean firms tend to have lower valuations compared to their overseas peers due to low dividend payouts and the dominance of family-run conglomerates.
An X90 Plus crossover — produced by Chinese automaker Jetour — sits ready for sale at a dealership in the Moscow Region on July 12.
BUSINESS
Jul 20, 2023

Made in Russia? Chinese cars drive a revival of Russia's auto factories

The rebirth of the Moskvich is a sign of China's growing sway over an important sector of Russia's economy.
A factory of Russian automaker Moskvich, in Moscow on July 13
BUSINESS
Jul 20, 2023

What has become of global carmakers' assets in Russia?

The foreign automakers that dominated Russia's car market left following the invasion of Ukraine, leaving a slumping production and sales in their wake.
Unlike other social media platforms, including Threads, Twitter has a way of pushing you out of your comfort zone.
BUSINESS / Tech
Jul 20, 2023

Can Threads dethrone Twitter in Japan?

Netizens in Japan jumped onto the Threads bandwagon soon after its launch, but the honeymoon phase is beginning to end, experts say, with many Japanese users remaining on Twitter.
Mizuho Financial Group has become the third Japanese megabank to sell Additional Tier 1 bonds after the collapse of Credit Suisse set off a global fire sale.
BUSINESS / Markets
Jul 20, 2023

Mizuho sells ¥261 billion of AT1 bonds after Credit Suisse turmoil

The lender joined Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group in issuing AT1 bonds this year, while the market in Europe is only just reopening.
Some economists hope the labor ministry panel will make an annual average minimum wage proposal of above ¥1,000 this week.
BUSINESS / Economy
Jul 23, 2023

The average minimum wage may top ¥1,000 this year. But is that enough?

Aside from the symbolic hurdle, a more substantial issue remains: Will momentum for wage hikes from this spring continue or will it be short-lived?
Elon Musk said he was looking to change Twitter's logo, tweeting: "And soon we shall bid adieu to the twitter brand and, gradually, all the birds."
BUSINESS / Tech
Jul 24, 2023

Elon Musk says Twitter to change logo and bid adieu to 'all the birds'

In a tweet Sunday, the social media platform's billionaire owner added: "If a good enough X logo is posted tonight, we'll make go live worldwide tomorrow."
Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018.
BUSINESS / Markets
Jul 24, 2023

Global yen bond market emerges as oasis amid Japan volatility

Investors have scooped up yen debt from issuers outside Japan, fueling the busiest July since 2018.
While the U.S. referenced China 20 times in its October announcement of semiconductor export controls targeting Chinese companies, Japan has chosen broad equipment controls not specifically aimed at its bigger neighbor.
BUSINESS
Jul 24, 2023

As Japan aligns with U.S. chip curbs on China, some in Tokyo feel uneasy

Tokyo remains worried that targeting China will provoke damaging retaliation, such as a ban on Japanese electric cars.
The Tokyo Stock Exchange is urging listed firms to place greater focus on stock prices and capital efficiency.
BUSINESS / Markets / FOCUS
Jul 24, 2023

Tokyo Stock Exchange urges more focus on stock prices and capital efficiency

Management teams of listed companies face the challenge of raising their awareness about the importance of how best to use funds raised from shareholders and banks.
Stock prices are displayed at the Indonesia Stock Exchange in Jakarta on April 18. Indonesia’s flurry of listings this year is even more notable because globally the number of initial public offerings has fallen.
BUSINESS / Markets
Jul 26, 2023

Indonesia rides EV rush to domestic IPO boom

The trend is interlinked with President Joko Widodo’s ambitious bid to transform the nation into an EV manufacturing powerhouse, capitalizing on Indonesia’s rich resources.
Osaka Organic Chemical Industry President Masayuki Ando talks about their strategy at the company office in Tokyo on Tuesday.
BUSINESS
Jul 26, 2023

Japanese chemicals company sees potential niche in EUV chipmaking materials

Little known even in its home country, Osaka Organic has carved out a critical niche in the semiconductor industry by supplying companies that make photoresists.
A building under construction in Osaka. Singapore investors are snapping up Japanese real estate, particularly in Osaka where a large casino resort is set to open.
BUSINESS / Companies
Jul 27, 2023

Singapore property investors bet on Osaka casino

International property agent FM Investment said it has seen a fivefold increase in inquiries since Japan opened its borders in October.
Monex Group was sued on Thursday in what is believed to be the first lawsuit questioning the responsibility of a Japanese securities company over Credit Suisse AT1 bond losses.
BUSINESS / Companies
Jul 28, 2023

Japan’s Monex sued by client for Credit Suisse bond loss

The move marks a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
Members of a labor ministry panel on wages meet in Tokyo on Friday.
BUSINESS / Economy
Jul 28, 2023

Japan’s average minimum wage set to top ¥1,000

With the government eager to create a healthy cycle of pay and price increases, the minimum wage panel suggested a record 4.3% hike from the current average of ¥961.
Pan Gongsheng
BUSINESS / Economy / FOCUS
Jul 29, 2023

China’s central bank chief is taskmaster Xi couldn’t let retire

Pan Gongsheng is expected to turn around growth slowdown for the world's second largest economy and safeguard the $60 trillion domestic financial system.

Longform

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