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November 24, 2024
 

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The Japan Aerospace Exploration Agency booth at the International Space Industry Exhibition in Tokyo in February
BUSINESS
Nov 13, 2023

Japan to create ¥1 trillion fund to develop outer space industry

The ¥1 trillion fund will be allocated over a 10-year period for the Japan Aerospace Exploration Agency (JAXA), as a new global space race heats up.
Economists estimate Japan's real gross domestic product shrank at an annualized 0.4% in the three months through September.
BUSINESS / Economy
Nov 14, 2023

Japan’s economy likely shrank in summer as recovery sputters

Economists estimate that real gross domestic product shrank at an annualized pace of 0.4% in the three months through September.
Lukasz Krupski, a service technician for Tesla in Norway who says he was fired after expressing safety concerns, in Drammen, Norway, on Nov. 6
BUSINESS / Companies
Nov 15, 2023

Man vs. Musk: A whistleblower creates headaches for Tesla

An employee who was fired after expressing safety concerns leaked personnel records and sensitive data about driver-assistance software.
Japan's exports gained 1.6% from a year earlier in October, slowing from a 4.3% increase in the previous month.
BUSINESS / Economy
Nov 16, 2023

Japan’s economy remains under pressure as export growth slows

The value of exports gained 1.6% from a year earlier, slowing from a 4.3% increase in the previous month, according to the Finance Ministry.
OpenAI said that it will form a team to explore educational applications of the ChatGPT chatbot.
BUSINESS / Tech
Nov 17, 2023

OpenAI explores how to get ChatGPT into classrooms

The company says the technology could be a tutor or it can tailor content for different learning styles for students.
Singapore national flags hang from the facade of a Housing & Development Board public housing estate in the Selegie area of Singapore, in 2021.
BUSINESS / Economy
Nov 17, 2023

China puts money behind Singapore model in major housing shift

Details are undisclosed, outlined in a classified "Document 14" last month.
Elon Musk
BUSINESS / Tech
Nov 18, 2023

Backlash spreads over Musk’s endorsement of antisemitic post

Large advertisers have pulled ads from Elon Musk's social media site X and the White House has chastised the billionaire.
Sam Altman, then CEO of OpenAI, at the company’s headquarters in San Francisco in March
BUSINESS / Tech
Nov 19, 2023

OpenAI board pressed by some investors to reinstate Sam Altman

Altman is open to returning. In one scenario under consideration, members of the current OpenAI board would step down as soon as this weekend.
A report by MSCI ESG Research showed that just one-tenth of MSCI Japan Index firms have reached the 30% female board member threshold that the government is seeking for top-listed businesses.
BUSINESS
Nov 20, 2023

Japan boards may struggle amid pressure for diversity, MSCI says

Just one-tenth of MSCI Japan Index firms have reached the 30% female board member threshold that the government is seeking for top-listed businesses.
Japan’s first trading of digital securities will begin next month in the form of security tokens issued by real estate firms.
BUSINESS
Nov 21, 2023

Japan to start digital securities trading from December

The trading of security tokens issued by real estate firms Ichigo and Kenedix will begin on the Osaka Digital Exchange.
By Monday, OpenAI's board were overseeing a company in name only, with virtually the whole staff committed to a pledge of seeing them go or quitting the firm for fired former CEO Sam Altman's project at Microsoft.
BUSINESS / Tech / FOCUS
Nov 21, 2023

AI doomsayers blamed in OpenAI's undoing

Harsh critics see a deeply troubled startup that fell victim to the pearl-clutching of an incompetent board that was divorced from reality.
Steve Jobs, Apple's former chief executive, speaks at the Apple Worldwide Developers Conference in San Francisco on June 6, 2011. Sam Altman, the most prominent promoter of artificial intelligence, learned that it’s hard to be a visionary founder like the Apple legend.
BUSINESS / Tech
Nov 21, 2023

The long shadow of Steve Jobs looms over the turmoil at OpenAI

The sudden firing and bid to reinstate OpenAI CEO Sam Altman has deepened the parallels to Jobs, who was marginalized by the board of Apple in 1985.
Prime Minister Fumio Kishida and Chinese President Xi Jinping pose for a family photo during Asia-Pacific Economic Cooperation Summit in San Francisco on Nov. 16
BUSINESS / Companies
Nov 21, 2023

Less than 30% of Japanese firms plan China expansion: survey

Many Japanese businesses have been put off by economic slowdown, increasing competition and geopolitical tension.
An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe.
BUSINESS / Economy
Nov 24, 2023

As Argentina eyes dollarization, Zimbabwe and Ecuador offer clues

Adopting the greenback in place of the local currency might bring stability, but it is not without its pains.
A worker inside the Envision battery manufacturing plant at Nissan's Sunderland factory in Britain in July 2021.
BUSINESS / Companies
Nov 24, 2023

Nissan to invest $1.4 billion to build two new EV models in Britain

Plans for electric versions of crossover models will require an investment of up to £2 billion in a third battery plant and infrastructure projects.
Saudi Crown Prince Mohammed Bin Salman welcomes Chinese President Xi Jinping in Riyadh on Dec. 8, 2022.
BUSINESS
Nov 25, 2023

Mideast wealth funds draw greater U.S. scrutiny over China ties

A U.S. committee is reviewing several multibillion dollar deals this year on concerns they could pose national security risks.
A rendering of the new Junglia theme park scheduled to open in Okinawa in 2025
BUSINESS / Companies
Nov 27, 2023

Nature-focused theme park to open in Okinawa in 2025

The park aims to take advantage of the outstanding forests of northern Okinawa Prefecture, which have been designated a World Heritage site.
Yoshitaka Kitao, chief executive officer of SBI Holdings, says Japan is preparing the groundwork for the full-scale introduction of stablecoins.
BUSINESS / Companies
Nov 28, 2023

Circle enters pact with Japan’s SBI to spur USDC stablecoin usage

They will also establish a banking relationship and promote the use of Circle’s Web3 services in Japan.
Chinese tourists buy gold bars and gold accessories at LukFook, a jewelry store, in Hong Kong.
BUSINESS / Economy
Nov 28, 2023

Gold bars and Tokyo apartments: How money is flowing out of China

The outbound shift of money in part indicates unease inside China about the sputtering recovery after the pandemic as well as deeper problems.
The buzz surrounding MediaTek casts a spotlight on growing competition between semiconductor firms that are exploiting the use of AI to grab a larger share of the smartphone business.
BUSINESS / Tech
Nov 28, 2023

AI chip boom fuels Taiwan firm’s 40% rally, beating Qualcomm

A five-month rally in MediaTek looks set to extend as booming demand for smartphones and a promising new AI chip brighten the company’s outlook.
Toyota Motor, Toyota Industries and Aisin are planning to sell Denso shares worth a total of about ¥700 billion, sources said, which would be the second-biggest such share offering in Japan this year.
BUSINESS / Companies
Nov 29, 2023

Toyota plans $4.7 billion sale of Denso stake as EV pivot looms

The sale of shares in Denso would mark the latest step by the automaker to cash in on stakes in affiliates as it ramps up production of electric vehicles.
Fox Corp chairman Rupert Murdoch
BUSINESS / Companies
Nov 29, 2023

Rupert Murdoch being deposed in Fox defamation case: source

Establishing that Murdoch was involved in decisions about coverage would help voting technology company Smartmatic prove liability.
The Bank of Japan board member Toyoaki Nakamura says more time is needed before the bank phases out its massive stimulus.
BUSINESS / Economy
Nov 30, 2023

BOJ policymaker says more time needed before easing can be curbed

While a continued economic recovery and tight labor market hold promise for wage growth, inflation continues to suppress down real wages.
A view of a plaza within Shibuya Sakura Stage, what Tokyu Land Corporation is calling the final puzzle piece in its redevelopment of the area around Shibuya Station.
BUSINESS
Nov 30, 2023

Shibuya Sakura Stage to cap once-in-a-century redevelopment around station

The new complex is part of an ambitious urban renewal endeavor by Tokyu Land Corporation in the area around Shibuya Station.
Capital spending on goods excluding software rose 0.3% in the three months through September compared with the previous quarter, possibly serving as an encouraging sign for the Bank of Japan.
BUSINESS
Dec 1, 2023

Japan’s capital spending nudges higher in sign of resilience

Some analysts still warn that GDP could contract again in the current quarter
There is a sense of caution in the credit market that the Bank of Japan will finally tighten its ultraeasy policy.
BUSINESS / Markets
Dec 4, 2023

Turmoil from BOJ policy bets shakes up Japan credit market

Companies rush to raise money to take advantage of low rates while they still can but investor demand for corporate bonds is weakening.
Alaska Airlines has announced that it will buy Hawaiian Airlines for $1.9 billion, consolidating its position as the nation's fifth-largest carrier if it can attain regulatory approval.
BUSINESS / Companies
Dec 5, 2023

How Alaska Airlines’ CEO landed deal to buy Hawaiian Airlines

Ben Minicucci spent six months negotiating the purchase of Hawaiian Airlines in a bid to grow his company.
Japanese hotels have been among the most popular real estate investments in the Asia-Pacific region this year.
BUSINESS / Companies
Dec 5, 2023

Blackstone buys Kyoto hotel from Goldman in $54 million deal

Japanese hotels have been among the most popular real estate investments in the Asia-Pacific region this year.
A container ship is seen near the Panama Canal, in Panama City on Saturday.
BUSINESS
Dec 5, 2023

Panama canal jam sends ships sailing continents out of way

The canal is being squeezed shut by drought, and the bottleneck will only worsen in the coming months as Panama enters its annual dry season.
A representative for Morgan Stanley, which in August said it was 70% of the way toward reaching the $1 trillion in sustainable financing it’s told investors it will achieve by 2030, declined to comment beyond referring to the bank’s latest ESG report.
BUSINESS / Companies
Dec 5, 2023

What banks really mean when they put trillions into ESG

With each bank announcing a different target, investors are left with little insight into the ways in which banks are defining what’s sustainable.
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.
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
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.
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.

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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