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November 24, 2024
 

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Kazuyuki Tanioka, the owner of Japanese cuisine Toya restaurant, prepares fish a sashimi dish during an interview in Beijing on July 25.
BUSINESS
Jul 31, 2023

Japanese eateries in China fear ruin over Fukushima water release

Shortly after the 2011 disaster hit the Fukushima No. 1 plant, China banned the import of food and agricultural products from five Japanese prefectures.
Transport ministry officials leave a Bigmotor dealership in Nagoya on Friday after conducting on-site inspections.
BUSINESS / Companies
Jul 31, 2023

Bigmotor suspected of fabricating insurance contracts

The news came on top of an investigation report that showed employees padded maintenance fee claims to insurance firms by deliberately damaging cars.
Wall Street in New York. While survey participants are likely riding the AI-fueled market melt-up thanks to their broad equity exposure, they aren’t going all-in on the technology just yet.
BUSINESS / Tech
Jul 31, 2023

Investors are happy to pay premium for tech, but not for AI

Even as AI floods the workplace, many still doubt that it will dramatically affect their job within the next three years.
The Universal Entertainment logo at the company's headquarters in Tokyo
BUSINESS
Aug 1, 2023

Japanese firm accused of improper influence over Manila casino

The dispute involves a $275 million investment by 26 Capital. Universal owns 88% of the property under the terms of the deal.
New Zealand Prime Minister Chris Hipkins (center) and others, as Britain signs the treaty to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, in Auckland on July 16.
BUSINESS / ANALYSIS
Aug 1, 2023

China entry into trans-Pacific trade pact faces political hurdles

China should be able to meet standards set out in the pact, experts say, forcing members to make a politically uncomfortable decision on letting it join.
Toyota Motor Corp.’s quarterly profit exceeded estimates as improvements in the supply of semiconductors and a cheap yen helped the carmaker capitalize on a global rebound in demand for new vehicles.
BUSINESS / Companies
Aug 1, 2023

Toyota profit tops estimates, sticks to full-year forecasts

A post-pandemic surge allowed the automaker to boost production and sell a record number of vehicles in June.
Facebook owner Meta Platforms has started the process of ending news availability in Canada.
BUSINESS / Tech
Aug 2, 2023

Meta starts blocking news in Canada

Google has said it is considering a similar move amid an ongoing global debate as more governments try to make tech firms pay for news content.
AIRism clothing on display at Uniqlo 5th Avenue in New York on Monday
BUSINESS
Aug 2, 2023

Garment-makers bet on 'cooling' fabrics as temperatures rise

With widespread heat waves, and inflation-weary consumers prioritizing essentials, retailers are pursuing sales by marketing "cooling" garments.
The central business district in Melbourne in 2016
BUSINESS / Companies
Aug 2, 2023

Australians fight for the right to work from home permanently

While remote work spells pain for investors in bricks and mortar, employees can only see benefits: "It just helps get through life a little bit easier."
The Bank of Japan headquarters in Tokyo. BOJ Deputy Gov. Shinichi Uchida has said there is still a long way to go before conditions fall into place for the bank to raise its short-term interest rate target.
BUSINESS
Aug 2, 2023

BOJ tweak not prelude to ultralow rates exit: deputy governor

Shinichi Uchida said there is still a long way to go before the BOJ can raise its short-term interest rate target from the current minus 0.1%.
A new study suggests that the benefits from shifting to a four-day week may last and grow stronger over time, rather than dissipating.
BUSINESS
Aug 4, 2023

Employee health benefits of four-day weeks persist, study shows

Self-reported physical and mental health scores held steady over a full year of the pilot program, while work-life balance continued to improve.
Though Apple’s overall revenue of $81.8 billion came in just above Wall Street estimates last quarter, iPhone demand was weaker than predicted.
BUSINESS / Tech
Aug 4, 2023

Apple faces longest sales slowdown in decades as iPhone slumps

The company reported a revenue decline of 1.4% in the fiscal third quarter, hurt by an industrywide slump that has sapped demand.
A Shein office in Singapore. The meteoric rise of shopping platforms selling Chinese-made goods has been fueled by a decades-old loophole that allows cheap products to land in U.S. mailboxes tariff-free.
BUSINESS
Aug 4, 2023

Key trade loophole keeps cheap Chinese products flowing to U.S.

The fact that Chinese goods and China-founded companies are benefiting from the loophole has frustrated some U.S. lawmakers.
A participant operates the "Flappy Bird," a self-made flying machine, during an event in Hong Kong in May 2014. Vietnam first caught the attention of global gamers in 2013 after Hanoi developer Dong Nguyen created, Flappy Bird, a simple but addictive game app.
BUSINESS / Tech
Aug 7, 2023

A decade after Flappy Bird, Vietnam becomes gaming powerhouse

Moving beyond outsourced software and sneaker factories, Hanoi views mobile games as a crucial part of its emerging tech sector.
Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees a Japan Industrial Partners-led bid as a chance to regain its footing following more than a decade of scandals and management overhauls.
BUSINESS / Companies
Aug 7, 2023

JIP-led ¥2 trillion tender offer for Toshiba to start Aug. 8

A consortium led by Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ¥4,620 per share through Sept. 20.
Hiroyuki Nagai, president and chief executive officer of Rakuten Bank (left), attends the company's listing ceremony at the Tokyo Stock Exchange on April 21.
BUSINESS / Companies
Aug 8, 2023

Rakuten Bank sees edge over rivals once BOJ ends negative rates

Uncertainty remains over when the Bank of Japan will scrap the policy, which has squeezed banks’ lending margins since its introduction seven years ago.
The Azabudai Hills development in Tokyo on Tuesday
BUSINESS / Companies
Aug 8, 2023

Mori Building to open Azabudai Hills complex in Tokyo in November

The company hopes the project will boost the capital’s competitive edge over metropolises overseas.
A shopper at a Beijing grocery store in 2022. China's consumer and producer prices have both declined from 12 months ago, indicating that the world’s second-largest economy may be weakening.
BUSINESS / Economy
Aug 9, 2023

China shows signs of deflation as consumer and factory prices fall

A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on China's economic recovery.
The Alibaba Group Holding offices in Beijing on Tuesday. Alibaba is scheduled to release earnings results on Thursday.
BUSINESS / Companies
Aug 9, 2023

Alibaba and Tencent’s big gains may not signal inflection point

Chinese policymakers have stopped short of providing significant policy support, consumer spending is muted and profit margins remain thin.
Shohei Ohtani's free agency is expected to be among the wildest pursuits of a player in baseball history.
BASEBALL
Aug 9, 2023

Angels hoping to stay in the Shohei Ohtani business

Whether the two-way phenom remains an Angel for two more months, or the rest of his career, is an open question.
Sony's headquarters in Tokyo
BUSINESS
Aug 12, 2023

Sony and other top music labels sue over Sinatra 78s stored online

The companies include a list of 2,749 recordings in the lawsuit, including songs by Bing Crosby and Louis Armstrong.
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Aug 14, 2023

The Fed is playing a waiting game to try to avoid a recession

An increasing number of economists — including the Federal Reserve’s own staff — are predicting the U.S. will escape a recession.
Honda's electric vehicle e:NP2 is displayed at the Auto Shanghai show, in Shanghai in April. The recent weakening of the yen couldn't come at a better time for Japanese automakers, which are struggling in the Chinese market.
BUSINESS / Economy
Aug 14, 2023

Weak yen gives Japan automakers temporary relief from China pain

A weak yen has traditionally lifted profits for Japan's big exporters
SoftBank, which currently owns 75% of Arm, is in talks to acquire the 25% stake in the firm it does not directly own from Vision Fund 1, according to sources.
BUSINESS
Aug 14, 2023

SoftBank in talks to buy Vision Fund's 25% stake in Arm

The move would potentially deliver a win for investors who have waited years for strong returns.
Florida's Gov. Ron DeSantis and Sen. Marco Rubio launch the 'Keep Florida Free' tour on primary night. In May, DeSantis signed a sweeping anti-ESG bill he says targets the "woke” bias of the finance industry.
BUSINESS / Economy
Aug 15, 2023

Even as the term is 'weaponized,' bankers still pay heed to ESG

About two-thirds of survey respondents said the anti-ESG movement will force firms to stop using those three letters in conversations with clients.
Japan’s economy has expanded at a much faster pace than forecast, despite weak domestic consumption.
BUSINESS / Economy
Aug 15, 2023

Japan’s GDP grows at 6% on strong exports as consumption falters

Capital spending by businesses was flat, versus forecasts of a 0.4% increase, while private consumption unexpectedly declined by 0.5%.
Japanese companies are increasingly introducing performance-linked stock compensation for their CEOs, boosting what’s been the lowest level of top executive pay among major advanced economies.
BUSINESS / Companies
Aug 17, 2023

More Japan firms link CEO remuneration to long-term performance

Japanese firms have historically relied more on fixed remuneration not linked to business performance.
Japan's core consumer inflation slowed in July but remained above the Bank of Japan's price target for the 16th straight month.
BUSINESS
Aug 18, 2023

Japan’s 'sticky' inflation trend may keep BOJ on edge over prices

Prices excluding energy and fresh food increased 4.3% from the previous year, matching the record set in May, which was the fastest since 1981.
More investors in the Tokyo stock market are beginning to see higher pay as a useful barometer of a company’s strength.
BUSINESS / Markets
Aug 18, 2023

Stock pickers cheer for wage hikes in post-deflationary Japan

A group of companies that raised wages higher than many of their peers has outperformed the Topix index by 5 percentage points so far this quarter.
After enjoying robust demand during the COVID-19 pandemic, air cargo firms are now reeling from overcapacity.
BUSINESS / FOCUS
Aug 19, 2023

Air travel boom creates crosswinds for air cargo

Passenger jets grounded during the pandemic are flying again and transporting goods, upping the competition with dedicated air freighters.
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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