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November 24, 2024
 

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The Aozora Bank headquarters in Tokyo. The bank surprised investors with losses tied to U.S. commercial property, sending shares down by the limit and heightening concern over global banks' exposure to souring real estate bets.
BUSINESS / Companies
Feb 2, 2024

Gamble on U.S. commercial property blows up for Japan’s Aozora

Shares went down by the limit and heightened concern over global banks' exposure to souring real estate bets.
Aeon is aiming to encourage male workers to take child care leave. While almost all of its female employees currently take child care leave when they have a child, the rate for male employees is only 15%.
BUSINESS
Feb 2, 2024

Aeon employees to receive 100% of income during child care leave

The retailer aims to gradually roll out the program from March to some 150 group companies.
A customer tries his Vision Pro at the launch of the product at a store in Los Angeles on Friday.
BUSINESS / Tech
Feb 4, 2024

Vision Pro headset is Apple's next Mac and TV combined

The $3,500 headset, which blends 3D content with a view of the outside world, landed in the company’s physical U.S. stores on Friday.
Wall Street giants are endorsing India as the prime investment destination for the coming decade.
BUSINESS / Markets
Feb 6, 2024

Wall Street snubs China for India in a historic markets shift

India has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing.
Nominal cash earnings among workers in Japan rose 1.0% in December from the previous year, government data shows.
BUSINESS / Economy
Feb 6, 2024

Japan’s wage data likely solid enough to keep BOJ policy shift on track

Nominal cash earnings rose 1.0% in December from the previous year with the help of a 0.5% gain in winter bonuses.
The government will extend subsidies worth as much as ¥242.9 billion for Kioxia and Western Digital to expand memory chip production in Mie and Iwate prefectures.
BUSINESS / Tech
Feb 6, 2024

Japan extends subsidies to downturn-hit Kioxia and Western Digital

The funding provides underpinning for the two companies, which have been hammered by a slump in the market for NAND flash chips.
Orienspace's Gravity-1 rocket blasts off from a sea-based platform off the coast of Haiyang, Shandong province, China, on Jan. 11.
BUSINESS / Companies
Feb 6, 2024

China startup aims to close gap with SpaceX on reusable rockets

Reusable rockets are transforming space access, as companies can reuse the most expensive parts of the device with little refurbishment.
Bank of Japan Deputy Gov. Shinichi Uchida says after the bank ends its negative rate policy, financial conditions will remain easy and any policy moves thereafter will occur at a gradual pace.
BUSINESS / Economy
Feb 8, 2024

BOJ's Uchida says sharp hikes unlikely after rates policy shift

Uchida was one of the architects of the bank's current policies and now works closely with Gov. Ueda as an influential member of the BOJ policy board.
A fight over Benefit One is the latest in a growing number of takeover deals in Japan, spurred in part by the Tokyo Stock Exchange pushing for improved corporate governance.
BUSINESS / Companies
Feb 8, 2024

Dai-ichi Life gets Pasona's nod on Benefit One acquisition

The agreement with Pasona Group, which owns 51.16% of Benefit One, is crucial for Dai-ichi to win the battle against digital health care provider M3.
Elon Musk has gone as far as to say that with technological advances, “there will come a point where no job is needed.” Musk revealed his own artificial intelligence chatbot, dubbed Grok, last year.
BUSINESS / Tech
Feb 9, 2024

Firms pausing hiring and axing staff quietly as AI craze persists

While some industry leaders have been outspoken about AI’s potential to transform work, there is caution over citing the new tech as a reason for cuts.
The Marines' Roki Sasaki pitches in the bullpen during spring camp in Okinawa on Thursday.
BASEBALL / Japanese Baseball / NPB NOTEBOOK
Feb 9, 2024

Roki Sasaki gets back to business after weeks of speculation about future

After weeks of rampant rumors, the "Monster of the Reiwa Era" is back to the business of baseball, and the MLB questions are back on the shelf for now.
An Ito Yokado store in the city of Fukushima. As part of its structural reform, Ito-Yokado will focus on urban areas including the Tokyo metropolitan area.
BUSINESS / Companies
Feb 10, 2024

Struggling unit of 7-Eleven's parent company to exit central and northern Japan

The Seven & I Holdings unit will close five of its 17 stores in the regions and hand over 11 to other supermarket operators.
Tetsuro Higashi, the chairman of Rapidus, speaks during an interview in Tokyo in February last year.
BUSINESS / Tech
Feb 10, 2024

Japan earmarks ¥45 billion to fire up chip research at home

The funds are part of a major national push to catch up in semiconductor manufacturing.
Boeing 737 Max airplanes on the tarmac at the Boeing factory in Renton, Washington, in 2019
BUSINESS / Companies
Feb 10, 2024

How production pressures plunged Boeing into yet another crisis

Soul-searching about quality controls and plunged Boeing into its second safety crisis in five years.
Fujitsu has held more than £3.4 billion ($4.3 billion) of active contracts with parts of the British state while £1.4 billion of those were awarded after a 2019 court ruling which associated the firm with the wrongful prosecution of hundreds of local branch post office managers for theft and fraud.
BUSINESS
Feb 11, 2024

Fujitsu got £3.4 billion in U.K. contracts despite Post Office row

A committee said £1.4 billion of those contracts were awarded after a 2019 court ruling connected Fujitsu with hundreds of wrongful prosecutions.
Masahiro Inoue, incoming chief executive officer of Daihatsu Motor, during a news conference in Tokyo on Tuesday
BUSINESS / Companies
Feb 13, 2024

Toyota replaces Daihatsu chief after safety scandal

Masahiro Inoue, the CEO of Toyota Latin America, will replace Soichiro Okudaira effective March 1.
International Monetary Fund Managing Director Kristalina Georgieva (right) speaks during the World Governments Summit in Dubai on Monday.
BUSINESS / Economy
Feb 13, 2024

IMF and World Bank warn Gaza and Red Sea chaos imperils global economy

The Israel-Hamas war and its knock-on effects could impact the world the longer the fighting drags on, IMF chief Kristalina Georgieva said.
An Asiana Airlines passenger aircraft lands at Kansai International Airport in Osaka, Japan, on Dec. 20, 2023.
BUSINESS / Companies
Feb 14, 2024

Korean Air wins EU’s approval for $1.4 billion Asiana deal

Korean Air is expected to be ranked as one of the world’s top 10 airlines once the deal is completed.
Masayoshi Son, chairman and chief executive officer of SoftBank Group. One of SoftBank's primary objectives will be to harvest returns from its huge portfolio rather than priming unprofitable startups for growth.
BUSINESS / Companies
Feb 14, 2024

SoftBank’s Vision Fund swaps splashy bets for ‘timid’ investing

As other tech investors have heaped money into new artificial intelligence firms, Vision Fund has stayed out of the fray.
Sony trimmed its revenue forecast after sales of its flagship PlayStation 5 in the December quarter came in roughly a million units lower than analysts’ estimates.
BUSINESS / Companies
Feb 15, 2024

Sony dives most in two years after cutting PS5 sales outlook

Shares fell as much as 8.4% in early Tokyo trading, the biggest intraday fall since February 2022.
Taiwan Semiconductor Manufacturing Co.'s first Kumamoto plant in the town of Kikuyo, Kumamoto Prefecture, on Feb. 10
BUSINESS / Companies
Feb 16, 2024

Japan boosts aid to chip projects amid global race

Prompted by concerns, the government acted swiftly to prevent the potential loss of domestic production bases.
Vitol, the world's largest independent oil trader, is considering opening an office in Tokyo to trade electricity, sources said.
BUSINESS / Companies
Feb 16, 2024

Vitol considers entering Japan power market with Tokyo office

Japan's power market is attracting more overseas firms due to increased volatility amid shifts away from fossil fuels
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during the SoftBank World event in Tokyo in October.
BUSINESS / Tech
Feb 17, 2024

Masayoshi Son aims to launch a $100 billion AI chip venture

The SoftBank Group founder is looking to create a chip venture to compete with Nvidia and supply semiconductors essential for AI.
Shoppers walk past an ID Hub, a Volkswagen showroom for electric cars, at a mall in Shanghai on Dec. 3, 2023.
BUSINESS / Companies
Feb 19, 2024

Firms with deep roots in China reconsider their Xinjiang ties

Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China
An Enechange electric vehicle charging station in Kisarazu, Chiba Prefecture. There are around 37,000 public charging ports in Japan.
BUSINESS / Companies
Feb 19, 2024

Japan needs more priority EV parking spots, Enechange CEO says

In space-challenged Japan, where electric vehicles only account for around 3% of new car sales, regular cars often park in charging spots instead.
A public screen displaying stock figures in Shanghai on Jan. 29. China will halt the lending of certain shares for short selling from Monday, the securities regulator announced Sunday, in a move to support the country’s slumping stock markets.
BUSINESS / Markets
Feb 20, 2024

In rare move, China stock watchdog vows to heed market critique

Earlier policies, including state buying, have proved inadequate to avert a $5 trillion rout.
China's C919 — the country's first domestically developed large, narrow-body passenger aircraft, is displayed at the Singapore Air Show on Tuesday.
BUSINESS / FOCUS
Feb 20, 2024

China debuts C919 aircraft in Singapore, but can it challenge Boeing and Airbus?

The Asian powerhouse hopes the country's first domestically developed large, narrow-body passenger aircraft will help it break into new markets.
Volkswagen ID.3 and Cupra Born electric cars on the production line at the company’s plant in Zwickau, Germany.
BUSINESS / Companies
Feb 21, 2024

Europe is being forced to reboot its car industry

Unless they can get strategies back on track, Europe’s automakers risk falling further behind China and Tesla
As their popularity grow, Shein and Temu together send almost 600,000 packages to the U.S. every day.
BUSINESS / Companies
Feb 22, 2024

Rise of fast-fashion Shein and Temu roils global air cargo industry

Their pursuit of limited air-cargo space to woo consumers with rapid transit times make off-peak seasons almost disappear and cause capacity shortages.
The Huawei Mate 60 Pro, launched in August 2023 and powered by a sophisticated chip, was seen as a symbol of the China's technological resurgence despite Washington's ongoing efforts to cripple its capacity to produce advanced semiconductors.
BUSINESS / Tech
Feb 22, 2024

U.S. targets China chipmaking plant after Huawei Mate 60 Pro

The Biden administration seeks to cut off China's most advanced factory from more American imports after it produced a sophisticated chip for the phone.
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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