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November 24, 2024
 

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The Alumy website, which offers a service for companies that want to connect with individuals who have quit their jobs
BUSINESS / Companies
Dec 31, 2023

More Japanese companies move to rehire former employees

Previously, it had been widely believed that quitting a job means completely severing the relationship with the employer.
The most expensive tuna sold at this year's first auction displayed outside Toyosu Market in Tokyo on Friday
BUSINESS
Jan 5, 2024

Tokyo’s top tuna for the new year sells for ¥114.2 million

The tuna weighed 238 kilograms and was sold Friday to seafood wholesaler Yamayuki and sushi chain operator Onodera Group.
The Yangshan Deepwater Port in Shanghai. China’s manufactured goods surplus relative to global gross domestic product is now around 2%, and an estimated 45% of China’s manufacturing output is being exported as the nation’s 1.4 billion people can’t buy enough goods such as electric vehicles, ships and household appliances to meet the increased supply.
BUSINESS / Economy
Jan 8, 2024

Xi Jinping’s solution for China’s economy risks triggering new trade war

Manufacturing focus sets up Beijing for renewed tensions with both developed countries and emerging economies pushing to reach the lower rungs of the industrialization.
Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal with Zee.
BUSINESS / Companies
Jan 9, 2024

Sony plans to call off $10 billion merger with India’s Zee

The plan to cancel the deal is due to a standoff over whether Zee CEO Punit Goenka would lead the merged entity amid a regulatory probe.
The Pilbara Minerals Pilgangoora lithium project in Port Hedland, Western Australia
COMMENTARY / World
Jan 9, 2024

Lithium’s promised land looks more like the old country

Two decades ago, Australia mined less than a fifth of the world’s lithium. In 2021, it dug more than every other country put together.
Elon Musk attends an interview in New York on Nov. 29.
BUSINESS / Tech
Jan 10, 2024

SEC’s ‘compromised’ account amplifies X mistrust, security concerns

The high-profile breach comes at a time when X and billionaire owner Elon Musk are seeking to win back trust from both users and advertisers.
Grounded Alaska Airlines Boeing 737 Max 9 airplanes on the tarmac at Seattle-Tacoma International Airport on Monday
BUSINESS / Companies
Jan 11, 2024

Boeing's latest Max problem creates more headaches for airlines

Alaska Airlines and United Airlines together have 70% of the Max 9 planes in service and have canceled hundreds of flights.
Alex Clavel, co-CEO at SoftBank Investment Advisers, won SoftBank Group CEO Masayoshi Son's trust as a steady hand managing and fixing SoftBank's complex or troubled transactions.
BUSINESS / Companies
Jan 12, 2024

Behind SoftBank’s investing cleanup, a U.S. dealmaker who survived the turmoil

Unassuming problem solver Alex Clavel is Masayoshi Son's top lieutenant leading the investment group's attempt at a turnaround.
A Post Office sign at a branch in a local convenience store near Ascot, England, on Friday. The Post Office scandal, where some 980 U.K. Post Office workers were wrongfully convicted of theft and false accounting, was triggered by faults in a Fujitsu computer system called Horizon that was used by U.K. Post Offices and inaccurately reported shortfalls in their accounts, resulting in private prosecutions of innocent branch managers for theft.
BUSINESS / Companies / FOCUS
Jan 13, 2024

It took a TV show to bring justice in U.K.’s Post Office scandal

After a two-decade struggle, it was a TV drama that finally prompted the government to promise a swift end to the saga in favor of the victims.
Resonac CEO Hidehito Takahashi says the company may buy a stake in chip materials maker JSR.
BUSINESS / Companies
Jan 15, 2024

CEO who drove $7 billion deal is eyeing Japan chip linchpin JSR

Resonac's Hidehito Takahashi believes Japan's chip materials sector needs to consolidate to stay competitive against overseas rivals.
Some 40% of the 1,656 companies on the Tokyo Stock Exchange's prime section have publicly disclosed plans, while another 9% are considering such measures.
BUSINESS / Markets
Jan 15, 2024

Some 40% of firms on top Tokyo bourse disclose capital plans

The list of firms with plans to improve capital efficiency did not include some of Japan's most influential companies such as Toyota Motor and SoftBank Group.
A banner for the World Economic Forum hangs on a building on the first day of the annual meeting in Davos, Switzerland, on Monday.
BUSINESS / Companies
Jan 16, 2024

Pre-Davos survey indicates CEOs' fears regarding AI and climate

Some 45% of more than 4,700 global CEOs surveyed do not believe their businesses will survive, barring significant changes, in the next 10 years.
Uniqlo's Round Mini Shoulder Bag on sale at a store in London
BUSINESS / Companies
Jan 16, 2024

Uniqlo sues Chinese fast-fashion rival Shein to defend hit bag

Fast Retailing joins rival Hennes & Mauritz in suing Shein for copyright infringement in Hong Kong where litigation has been underway since 2021.
An Xturismo bike flies over Lake Yamanaka in Yamanashi Prefecture.
BUSINESS / Companies
Jan 17, 2024

Japanese flying bike startup A.L.I. Technologies files for bankruptcy

The Tokyo-based startup had aimed to play a key role in an expected “air mobility society.”
Toshiba went private through a takeover bid after a series of battles with activist shareholders.
BUSINESS / Companies
Jan 21, 2024

Management buyouts by big companies on rise in Japan

The total value of management buyout deals exceeded ¥1.4 trillion in Japan in 2023 to hit a record high.
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.
BUSINESS / Companies
Jan 22, 2024

Red Sea crisis pressures China's exporters as shipping delays mount

Further Red Sea disruptions would pile pressure on a struggling economy already contending with a property crisis and weak consumer demand.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024

Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing

The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
Ajay Banga, president of the World Bank Group, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17
BUSINESS
Jan 23, 2024

World Bank chief eyes 'bigger' institution to tackle climate crisis

Ajay Banga said the bank is working to widen the way it looks at problems and increase collaborations with other institutions.
BOJ Gov. Kazuo Ueda enters the Bank of Japan headquarters in Tokyo on Tuesday.
BUSINESS / Economy
Jan 23, 2024

BOJ stands pat on policy as quake's economic impact remains unclear

Observers are watching for when the BOJ will start exiting negative rates, amid growing expectations it will likely seek normalization this year.
Toshinori Yashiki, deputy director-general at the Financial Services Agency, urged lenders to pay particular attention to highly-leveraged borrowers.
BUSINESS
Jan 24, 2024

Japan regulator will probe risks to banks from higher rates

The Bank of Japan is expected to make its first rate hike since 2007 within a few months, raising the possibility that borrowers will struggle with higher interest payments.
Leaders of Keidanren and labor unions officially started annual spring wage negotiations on Wednesday.
BUSINESS
Jan 24, 2024

Japanese firms and unions kick off wage talks as markets bet on bigger pay hikes

Japan's big firms are expected to offer their unions wage hikes of 3.85% on average this year, the highest wage increase in 31 years.
China Southern Airlines and Xiamen Airlines Boeing 737 Max 8 aircraft at Boeing facilities in 2019. Between 2018 and 2022, Chinese customers booked only 25 Boeing planes, with sales dominated by cargo aircraft, according to Boeing data.
BUSINESS / Companies
Jan 25, 2024

Boeing delivers 737 Max jet to China in vote of confidence

It's unclear whether the event represents a real reset of the planemaker's relationship with Beijing or a temporary political concession.
The U.S. push to undermine Beijing’s semiconductor ambitions has increasingly singled out ASML, drawing the ire of the Dutch company's outgoing head Peter Wennink and some local lawmakers.
BUSINESS / Tech
Jan 26, 2024

ASML’s China sales surged despite secret Dutch deal with U.S.

The deal, which hasn’t been reported before, stumbled as ASML turned to Beijing to compensate for weak demand elsewhere.
Tokyo Metro plans to go public in the fiscal year that starts in April.
BUSINESS / Companies
Jan 26, 2024

Tokyo Metro to go public as Japan seeks to reap benefits of buoyant stock market

The company, which is owned by the national government and the Tokyo Metropolitan Government, will be listed in the year that begins in April.
Toyota's main Tokyo office on Wednesday
BUSINESS / Companies
Jan 26, 2024

Toyota union to demand record 2024 bonuses: report

With Toyota saying it expects to post record consolidated operating profits this financial year, the union is also likely to demand high pay hikes.
A pedestrian walks outside an Aeon store near Kofukuji Matsubara shopping street in Yokohama in April 2022.
BUSINESS
Jan 29, 2024

Japan's Aeon in exclusive talks to buy Tsuruha stake from Oasis

An increase in Aeon's stake would add to its drugstore business, a key growth driver for the firm.
The unemployment rate fell to 2.4% in December, government data shows.
BUSINESS / Economy
Jan 30, 2024

Japan job market remains tight, keeping hopes for wage hikes

The Bank of Japan is watching the labor market closely as it seeks evidence of a virtuous cycle linking rising wages with demand-led price gains.
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York on Nov. 27, 2023.
BUSINESS / Companies
Jan 31, 2024

Delivery firms struggle to adopt EVs as online sales drive up demand

Many climate pledges have been scaled back as the industry fails to keep pace with climbing emissions.
As China struggles with a slumping stock market and a collapsing real estate sector, commentary and even financial analysis Beijing deems negative are blocked.
BUSINESS
Jan 31, 2024

China’s censorship dragnet targets critics of the economy

The government's new information campaign about the economy is wider than usual censorship, with efforts now extending to mainstream commentary.
Akihiko Matsuura, head of UA Zensen, has called for a standard 6% increase in total wages.
BUSINESS / Companies
Feb 2, 2024

Major union UA Zensen calls for 6% pay raise to support BOJ policy shift

Prime Minister Fumio Kishida is also pushing for wage gains after hikes last year failed to keep up with inflation, putting a burden on household budgets.
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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