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November 24, 2024
 

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A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the People's Bank of China in Beijing.
BUSINESS / Economy
Dec 6, 2023

Officials hit back after Moody’s downgrades China's credit outlook

The ratings agency downgraded its outlook from stable to negative, saying a need for bailouts could weigh on the country’s economic strength.
Deputy Gov. Ryozo Himino's comments are the clearest sign so far from the BOJ’s leadership that authorities are considering what the impact would be if they ended negative rates.
BUSINESS / Economy
Dec 6, 2023

BOJ’s deputy chief hints that end of negative rate may be closer

Ryozo Himino has set out a hypothesis for what might happen if rates do indeed go positive.
As a customer for Renault's combustion-engine venture, Nissan will receive gearboxes and engines for 12 of its plants.
BUSINESS / Companies
Dec 6, 2023

Nissan to buy engines and gearboxes from Renault-Geely venture

The step is part of a major revamp of the firms working together following years of growing tensions.
Rakuten Bank executives hold a placard showing the company logo during a ceremony to mark the company's debut on the Tokyo Stock Exchange on April 21.
BUSINESS / Companies
Dec 6, 2023

Rakuten to raise up to $433 million with further sale of bank unit

The planned sale of 25.5 million shares is equivalent to just under 15% of the online bank, according to LSEG data.
Few could have predicted what artificial-intelligence proponents are dreaming up these days.
BUSINESS / Tech
Dec 7, 2023

Wall Street quants see mixed results from chatbots amid AI boom

As AI tools get more sophisticated, companies are updating their presentations to incorporate a positive vocal tone and upbeat sentences, research shows.
FACTEV shows that a Nissan Leaf electric car driven in Hokkaido will get between 106 kilometers and 212 kilometers per charge in its first year.
BUSINESS / Companies
Dec 12, 2023

Using big data to speed up Japan’s slow electric car transition

Gaming company DeNA has developed an EV simulation tool that can assess the lifespan and cruising range per charge of battery cars over time.
Japan’s producer price index rose 0.3% in November from a year earlier.
BUSINESS / Economy
Dec 12, 2023

Japan’s input inflation eases further to slowest pace since 2021

The persistent slowdown in the index this year is in line with the BOJ’s view that price pressures are cooling.
A Hyundai Ioniq 5 electric vehicle charges at Chaevi Stay Charging Station in Seoul on Oct. 18
BUSINESS / Companies
Dec 12, 2023

South Korean auto-battery firms cautious on challenging China rivals

Feeding their worries is slowing growth in electric vehicle sales, price competition and the potential for changes in United States subsidies.
Japanese civil engineering group Infroneer said it would buy Japan Wind Development from Bain Capital for about $1.4 billion.
BUSINESS / Companies
Dec 12, 2023

Japan's Infroneer to buy Japan Wind Development from Bain Capital

The $1.4 billion acquisition will expand the Japanese civil engineering group's renewable energy business.
Mena Kato, Microsoft's new director of Japan partnerships for Xbox, during an interview in Tokyo on Nov. 29
BUSINESS / Companies
Dec 13, 2023

Microsoft taps PlayStation veteran to champion Xbox in Japan

Mena Kato is counting on her dealmaking skills, Microsoft’s global reach and local connections to make the Xbox a relevant player.
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.
Yoichi Miyazawa, head of the Liberal Democratic Party's tax panel, speaks at its meeting at the party's headquarters in Tokyo on Thursday.
BUSINESS / Economy
Dec 14, 2023

Japan's ruling coalition OKs tax reforms amid public skepticism

The schedule for planned tax hikes to boost defense spending was once again not made clear.
Toyota dealer Hiroshima Toyopet has installed air conditioners at all 30 of its maintenance facilities in Hiroshima Prefecture to ensure mechanics can work comfortably during the summer.
BUSINESS / Companies / Regional Voices: Hiroshima
Dec 25, 2023

Hiroshima car dealers seek ways to attract mechanics

Since many people use their cars as a daily means of transportation, it is essential to secure a stable pool of mechanics.
Mitsubishi UFJ Trust and Banking is set to buy Australian data manager Link Administration Holdings for 1.11 billion Australian dollars.
BUSINESS / Companies
Dec 18, 2023

MUFG to buy Australia’s Link in ¥106 billion deal

The unit of Japan’s largest bank, Mitsubishi UFJ Financial Group, will pay AU$2.10 per share, a 23.5% premium to Friday’s closing stock price.
X owner Elon Musk
BUSINESS / Tech
Dec 19, 2023

EU targets Musk's X in first illegal content probe

The probe will focus on countering the dissemination of illegal content and the effectiveness of measures taken to combat information manipulation.
Apple Watch Ultra 2 devices displayed in Los Angeles. Apple said on Dec. 18 it will stop selling some of its smartwatch models in the United States while it fights a patent battle over technology for detecting blood oxygen levels.
BUSINESS / Companies
Dec 19, 2023

Apple plans rescue for $17 billion watch biz in face of U.S. ban

If the ban holds, Apple is working on a range of legal and technical options.
Koo Yeon-kyung, the eldest daughter of LG's former chairperson Koo Bon-moo, at her home in Seoul on Oct. 3. The death of Koo Bon-moo in 2018 without a will sparked a power struggle within the Koo family and LG over the inheritance of his estimated $1.5 billion fortune — including his 11% stake in the company.
BUSINESS / Companies
Dec 19, 2023

Family split at LG tests corporate succession in South Korea

Wife and daughters of late chairman accuse adopted son and other executives of deception to steal their inheritance to bolster his claim to the company.
An office of Tokio Marine & Nichido Fire Insurance in Tokyo in 2016.
BUSINESS / Companies
Dec 19, 2023

FTC inspects nonlife insurers over alleged joint contract cartel

The on-site probes follow reports the firms prearranged premiums for joint insurance contracts with corporate and public entities.
Bank of Japan Gov. Kazuo Ueda attends a news conference after a policy meeting at BOJ headquarters in Tokyo on Tuesday.
BUSINESS / Economy
Dec 19, 2023

BOJ holds off from policy normalization moves amid growing pressure

BOJ Gov. Kazuo Ueda’s comment during a parliamentary session on Dec. 7 increased expectations that the bank might send some signals of a policy change.
Daihatsu said Wednesday that it will suspend shipments of all vehicle models made in Japan and abroad due to an unfolding scandal over misconduct in its crash tests.
BUSINESS / Companies
Dec 20, 2023

Toyota's Daihatsu to halt shipments as safety scandal widens

The results of an investigation suggest the scope of safety concerns, first disclosed in April, is now far greater than previously thought.
The Shimbashi area of Tokyo's Minato Ward is crowded with office workers on Friday.
BUSINESS
Dec 20, 2023

Pubs in Japan thriving again as year-end parties return

On Friday night, many drinking places in the Shimbashi district of Tokyo's Minato Ward were packed with customers.
Fishermen land scallops at Nemuro Port in Nemuro, Hokkaido, in April 2022.
BUSINESS
Dec 20, 2023

Japan to test scallop processing in Mexico

Under the plan scallops will be processed in Ensenada in the Mexican state of Baja California, about 100 kilometers from the border with the U.S.
Officials from the transport ministry enter Daihatsu Motor's headquarters in Ikeda, Osaka Prefecture, on Thursday for inspection after a scandal regarding safety data manipulation emerged at the firm.
BUSINESS / Companies
Dec 21, 2023

Daihatsu offices raided after scandal halts all car shipments

The raid followed revelations that the carmaker and supplier had manipulated the results of various collision safety tests dating as far back as 1989.
Japan's industry ministry said it would provide Samsung subsidies worth up to ¥20 billion as it looks to support the revitalization of domestic chip manufacturing.
BUSINESS / Companies
Dec 21, 2023

Samsung to set up chip packaging research facility in Japan

Samsung's investment comes at a time of easing tensions between South Korea and Japan.
A drugstore in Tokyo in October
BUSINESS
Dec 23, 2023

Fund that got in before Buffett now likes Japan drugstores

A top fund manager says there’s opportunity to profit from consolidation in the sector.
An Aladdin X staff member plays Suika Game on its home projector in Tokyo on Friday. Suika Game was originally developed for the company's line of home projectors.
BUSINESS / Tech
Dec 25, 2023

Suika Game: How a Japanese home projector app became a viral hit

The puzzle game has ranked No. 1 in Nintendo Switch software downloads, topping titles such as Super Mario Bros. Wonder.
Business service prices for hotels rose 51.8% in November compared with the previous year, on the back of a surge in inbound tourism following the lifting of pandemic controls and domestic demand for travel.
BUSINESS / Economy
Dec 26, 2023

Japan's service price growth holds steady, maintaining 30-year high

Prices for services rising at the fastest pace since April 1992 will likely fuel speculation that the Bank of Japan may normalize policy in coming months.
Daihatsu's headquarters in Osaka
BUSINESS / Companies
Dec 28, 2023

Daihatsu to compensate lower-tier suppliers for halted production

Production was stopped at all of the company's factories in Japan this week.
Salesforce headquarters in San Francisco.
BUSINESS / Tech
Dec 29, 2023

Software companies finally had to care about profit in 2023

The pressure was acute for money-losing companies.
Bank of Japan Gov. Kazuo Ueda gives a news conference after a policy meeting at BOJ headquarters in Tokyo on Dec. 19.
BUSINESS / Economy
Dec 31, 2023

BOJ likely to finally seek normalization 2024

A turn in Japan's economic tide is in view as the Bank of Japan signals readiness to wind down its aggressive monetary stimulus.
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

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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