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November 24, 2024
 

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He Xiaopeng, co-founder and chief executive officer of XPeng, speaks at a launch event for the company's Mona M03 electric vehicle in Beijing on Tuesday.
BUSINESS / Companies
Aug 28, 2024

China’s Xpeng aims to expand with mass-market cars and Europe production

The company also plans to set up a large-scale data center in Europe as efficient software collection becomes paramount for cars’ intelligent driving features.
Japan's declining population has made it more difficult for convenience store operators to grow.
BUSINESS / Companies / FOCUS
Oct 1, 2024

Some 7-Eleven owners in Japan welcome foreign bid, hoping for change

Some franchisees are concerned about competition from rivals and say they are struggling with rising costs.
A Nvidia chip during the Taipei Computex expo in Taipei on May 29, 2023
BUSINESS / Tech
Oct 28, 2024

How a Mumbai drugmaker is helping Putin get Nvidia AI chips

An inconspicuous pharmaceutical company exported 1,111 units of Dell Technologies' most-advanced servers to Russia in April-August of this year.
The No. 1 Poultry building, left, in the City of London
BUSINESS
Jul 20, 2023

South Korean investors stung as bet on offices in financial centers turns sour

With a growing need for environmental credentials for corporate renters and downsizing due to the pandemic, office real-estate markets are seeing a "flight to quality" — leaving some exposed
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.
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.
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.
More than 30 samples of drugs made by Synokem, including generic abortion pills, have failed quality tests conducted by Indian regulators and public health researchers since 2018.
BUSINESS
Aug 3, 2023

Global abortion pill provider buys from maker with poor quality record

More than 30 samples of drugs made by Delhi-based Synokem Pharmaceuticals have failed quality tests conducted by Indian regulators.
Toyota's sales in China fell in July amid intense competition with local brands.
BUSINESS / Companies
Aug 30, 2023

Toyota output hits monthly record for July on robust demand

Worldwide sales, including for subsidiaries Daihatsu and Hino, rose 5.2% to 918,345 units.
Manufacturing machinery and electronic components were among the biggest drags on Japan's industrial output in July.
BUSINESS / Economy
Aug 31, 2023

Japan output drops in July as global slowdown reverberates

Factory output declined 2% from June, the industry ministry said Thursday.
Chinese President Xi Jinping may have to relinquish some control as his strategy of keeping a firm grip on the economy comes under pressure.
ASIA PACIFIC / Politics
Sep 11, 2023

China’s economic pain is a test of Xi’s fixation with control

Recent troubles have brought into focus long-term problems, and fed unusually candid domestic debate about the direction of economic policy under Xi.
A Final Fantasy XVI video game displayed at a PlayStation pop-up shop in Seoul. The game's maker Square Enix is on a streak of misfires in attempts to build another hit series to buttress sales.
BUSINESS / Companies
Sep 13, 2023

Final Fantasy maker’s 30% plunge may be just the beginning

Investors wonder whether one of the games industry’s most remarkable runs is coming to an end.
A Solterra Subaru RZ450e electric vehicle is displayed during a Japan Automobile Manufacturers Association event on the sidelines of the Group of Seven leaders summit in Hiroshima in May.
BUSINESS / Companies
Sep 15, 2023

Subaru president close to deciding where to build EV plant in U.S.

While the current base of Indiana is a top candidate, the company is weighing locations based on the procurement of batteries and incentives from states.
Selcuk Bayraktar, chairman of Turkish defense firm Baykar and son-in-law of Turkish President Recep Tayyip Erdogan, attends the presidential swearing-in ceremony after Erdogan's election win in Ankara on June 3.
WORLD / Politics
Sep 28, 2023

Erdogan’s son-in-law makes Turkey a world leader in lethal drones

Baykar's new generation of unmanned combat aircraft will fly faster and farther, while carrying more weapons than its existing models.
Nomura Holdings has hired five traders to beef up its emerging markets trading desk.
BUSINESS / Companies
Oct 10, 2023

Nomura hires traders from rivals for Middle East credit push

The appointments are part of Nomura’s efforts to revive its emerging-market flow-credit desk.
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.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023

Exclusivity the name of the game as firms target China's wealthiest

Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
GMC Hummer electric vehicles on the production line at General Motors' Factory ZERO all-electric vehicle assembly plant in Detroit, Michigan, on Nov. 17.
BUSINESS / Companies
Nov 30, 2023

GM commits billions to shareholder returns as EV push stalls

"We have confidence in the cash generation of this company”
Pages from a new Otaku Dictionary catalog the lexicons of Japan’s various subcultures.
PODCAST / deep dive
Nov 30, 2023

A problematic otaku dictionary and the Japanese approach to sitting

An “Otaku Dictionary” has Japan’s subcultures upset at an attempt to define them.
Since starting out as a venue for short, silly lip-syncing videos, TikTok has emerged as an incubator for consumer trends, with millions of people trying on clothes and reviewing products.
BUSINESS / Companies
Dec 13, 2023

TikTok Shop sees early success, taking aim at giant Amazon

In a sign of how seriously Amazon is taking TikTok, the company cut deals with Pinterest, Meta and Snapchat to let users shop without leaving those apps.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023

In buying Toshiba, JIP takes on corporate Japan's toughest job

While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
Foreign tourists take pictures in Tokyo's Asakusa district in November.
BUSINESS
Dec 20, 2023

Japan’s post-pandemic tourists shift spending to crafts and jewelry

Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
Former education minister Kisaburo Tokai, who has been tapped as Liberal Democratic Party policy chief, speaks to reporters Thursday at the Prime Minister's Office.
JAPAN / Politics
Dec 21, 2023

Kishida makes more LDP leadership changes in bid to restore trust

The changes come a week after he dismissed four key members of his Cabinet who were also Abe faction members suspected of receiving unreported funds.
Reporters gather in front of the Upper House parliamentary building on Thursday in Tokyo. Prosecutors raided LDP lawmaker Yasutada Ono's office, which is located in the building, the same day.
JAPAN / Crime & Legal
Dec 28, 2023

Second LDP member’s office raided over political funds scandal

Upper House member Yasutada Ono became the second lawmaker to have his offices searched by prosecutors in connection with the scandal.
Apple is entering its first major new product category since the company began selling smartwatches in 2015, and the Vision Pro may take years to catch on.
BUSINESS / Tech
Jan 22, 2024

Apple Vision Pro deliveries delayed to March in sign of early demand

The device is also sold out for Day 1 in-store pickup at many locations despite preorders having just begun on Friday ahead of its Feb. 2 rollout.
Canned ready-to-drink cocktails, including Asahi Breweries' 9% Clear Cooler Strong chūhai produced in conjunction with Seven & I Holdings, at a 7-Eleven store in Tokyo's Chiyoda Ward on Tuesday
BUSINESS
Feb 13, 2024

Asahi calls time on new strong chūhai amid low-alcohol shift in Japan

New versions of the canned fizzy cocktails with alcohol content of 8% or higher will not be launched in order to “reduce inappropriate drinking.”
Shintaro Tajima (left) and his son, Daisuke, pose in their forest in Hita, Oita Prefecture, in January. At their feet is wasabi growing in clusters.
BUSINESS / Companies / Regional Voices: Kyushu
Mar 18, 2024

Oita forestry firm signs carbon trade deal with Line operator

LY, which operates Line and Yahoo services, will purchase 1,500 tons of carbon credit per year from Tajima Forest for 10 years.
Wakana Nukui has been described as having a knack for storytelling and vividly sharing her vision with those around her.
BUSINESS / WOMEN AT WORK
Mar 24, 2024

A social entrepreneur who is determined to lift Cambodian women's status

Wakana Nukui has fostered new talent in design while opening shops dedicated to local products.
A woman checks a lottery ticket at a lottery ticket store in Shanghai
ASIA PACIFIC / Society
Mar 21, 2024

Chinese youth ease economical angst by playing the lottery

"It’s so difficult to make money now, no matter what you do”
Ichibata Department Store, located in Matsue, capital of Shimane Prefecture, was the last remaining department store in the prefecture but ended its 65-year history on Jan. 14.
BUSINESS / Economy
Mar 21, 2024

More prefectures losing department stores even amid pandemic recovery

In 17 prefectures there is currently only one department store and there are none in three, set to rise to four in July.
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

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