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November 24, 2024
 

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Japan Times
BUSINESS
May 2, 2022

China's hard line on COVID eats into everything from Teslas to tacos

In China's once-hot EV market, the recent turmoil is a stark example of a one-two economic punch, first to supply and then to demand.
Shipping containers at a port in Lianyungang, eastern China's Jiangsu province, on Friday
BUSINESS
Jan 15, 2024

Most Japanese firms don’t see China’s economy improving in 2024

More than 400 companies said they cut investment in China last year, according to a survey of 1,713 firms by the Japanese Chamber of Commerce and Industry in China.
While Apple has dominated the holiday quarter in recent years, its surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
BUSINESS / Companies
Jan 17, 2024

Apple passed Samsung as world’s top phone-maker in 2023

Apple's surge ahead of Samsung over a full year is unprecedented and suggests Apple is weathering an industrywide slump better than its rivals.
Italy's Prime Minister Giorgia Meloni at the Italy-Africa summit in Rome on Monday
WORLD / Politics
Jan 30, 2024

Overwhelmed by debt, Italy sells stake in Post Office 'crown jewel'

The government has a long way to go to reduce its debt, which currently amounts to 140.2% of GDP.
The thick, supposedly lucky sushi rolls of Setsubun are full of it.
LIFE / Food & Drink
Jan 31, 2024

How a trendy sushi roll usurped the traditions of Setsubun

The lore around “ehōmaki” sounds just whacky enough to make it an old custom, but it turns out to be a fairly recent phenomenon.
The rural economy has been hurt by a drop in the output of some key crops, such as wheat, in the past three years due to a rise in temperatures, patchy monsoon rains and falling reservoir levels.
ASIA PACIFIC
Feb 1, 2024

World-beating growth? Not for India's rural majority

For many in rural India, which is home to 60% of its 1.4 billion people, the country's so-called spectacular economic growth is nowhere in sight.
Workers on a production line manufacturing false eyelashes at a workshop of Monsheery in Pingdu, China, in November
ASIA PACIFIC
Feb 4, 2024

How North Korean eyelashes arrive in the West as 'made in China'

North Korea exported 1,680 tons of false eyelashes, beards and wigs to China in 2023, worth around $167 million.
Taylor Swift (right) cheers on her boyfriend Travis Kelce's team, the Kansas City Chiefs, in the AFC divisional round playoff game against the Buffalo Bills in Orchard Park, New York, on Jan. 21. The Chiefs will play the San Francisco 49ers in the Super Bowl.
COMMENTARY / Japan
Feb 6, 2024

Taylor Swift rocks the world and drives the far right crazy

The “Swift effect” has become a force in both U.S. domestic politics and international relations.
Singer Taylor Swift performs at her concert in Tokyo on Wednesday. With her winning her fourth Album of the Year at the Grammy Awards on Monday, sales of her merchandise will likely increase even as fans feel more compelled to purchase them for their premium value.
BUSINESS / Economy
Feb 8, 2024

'Swiftonomics' to yield ¥34.1 billion economic boost for Japan

The economic ripple effect of an average attendee of Taylor Swift's concerts in Tokyo is estimated at ¥155,090.
A Uniqlo store in Shanghai, China. The clothing chain's operator Fast Retailing announced last year that it expected to open 80 stores in China and roughly 60 new stores each year in Southeast Asia, India and the Australian region.
BUSINESS / Companies
Feb 9, 2024

Fast Retailing’s peer-beating 48% jump may extend on global push

Uniqlo owner has become one of the top performers among 10 other clothing companies worldwide that have a market value exceeding $10 billion.
Travelers at Shanghai Hongqiao railway station on Feb. 6. For the Feb. 10-17 period, there were 99.5 million rail trips made in China, a figure 36% higher than the comparable period in 2019.
BUSINESS / Economy
Feb 19, 2024

China’s new year travel and spending top pre-COVID levels

Some 474 million tourist trips were made around the country during the festival, which began Feb. 10 and concluded Saturday.
An earthquake measuring up to shindo 4 on the Japanese seismic intensity scale that hit southern Chiba Prefecture was among several that have shaken the area in recent days.
JAPAN / Society
Mar 5, 2024

Emergency goods sell out as quakes worry Chiba residents

Bottled water and portable toilets are among items that ran out of stock at some stores over the weekend.
A worker at Nakamatsu Meat speaks to an Alexa-powered device at its factory in Uruma, Okinawa Prefecture, in November. At the factory, workers give production updates to Alexa, which then converts this into data that is compiled in the company's computer.
BUSINESS / Companies / Regional Voices: Okinawa
Mar 11, 2024

Okinawa meat shop uses tech to improve efficiency and raise wages

Nakamatsu Meat's digitalization enabled it to cut its factory operating time and optimize raw material purchases.
Two of the country’s four major makers of alcoholic beverages are reportedly going to stop releasing new products with alcohol content of 8% or more, citing health concerns.
COMMENTARY / Japan
Mar 10, 2024

Japan asks when a stiff drink is a bit too stiff

Two of the country’s four major makers have taken the unusual step of retreating from a lucrative and growing market: strong premixed drinks.
An image taken from video released by Roman Starovoit, governor of the Kursk region of Russia, last month purportedly shows firefighters working to extinguish flames at an oil depot after a Ukrainian drone strike.
WORLD / Politics
Mar 15, 2024

Ukraine, stalled on the battlefield, targets Russia’s oil industry

This year, Ukraine has claimed responsibility for nearly a dozen assaults on Russian oil infrastructure.
A Xiaomi SU7 electric vehicle on display at one of the company's stores in Shanghai on Tuesday. Xiaomi declared its ambition for the SU7 to become one of China's three best-selling luxury electric vehicle models, sounding a challenge to Tesla and other rivals in an increasingly crowded market.
BUSINESS / Companies
Mar 28, 2024

Xiaomi stakes growth on debut in China’s cut-throat EV market

Reception for the SU7 vehicle will likely dictate Xiaomi’s stock momentum after a 22% gain since a February low.
Artificial intelligence is peering into restaurant garbage pails and crunching grocery-store data to try to figure out how to send less uneaten food into dumpsters.
BUSINESS / Tech
Apr 6, 2024

AI is spying on the food we throw away

The tech is being used to try to reduce the amount of uneaten food that ends up in dumpsters.
A branch of the Fast Retailing clothing brand Uniqlo in Tokyo
BUSINESS
Apr 12, 2024

Uniqlo operator upbeat on Europe and North America after Q2 profit miss

Fast Retailing left its full-year operating profit forecast unchanged at ¥450 billion.
A guest room at the Muji Hotel Ginza. Ryohin Keikaku, the brand’s parent company, now has a new business called Muji Stay, which brings under one umbrella the retailer’s existing hotels, homes and camps.
BUSINESS / Companies
Apr 12, 2024

Japan’s Muji bets minimalist retail will work for homes and hotels

Muji currently has three hotels — one in Ginza, one in Beijing and one in Shenzhen, with rooms often booked out months in advance
Daihatsu President Masahiro Inoue
BUSINESS / Companies
Apr 24, 2024

Daihatsu’s new president sees potential in Africa and South America

Masahiro Inoue pointed at strong demand for compact cars in those markets due to a prevalence of narrow roads.
Advanced Micro Devices' processors and memory chips
BUSINESS / Tech
May 2, 2024

AI hardware stocks get pummeled even as big tech keeps spending

Hardware makers have seen their shares rally this year amid an arms race for artificial intelligence computing power that’s lifting sales and profits.
A host promotes lipstick on TikTok Shop
BUSINESS / Tech / FOCUS
May 10, 2024

Livestream shopping foils high-tech tools from stopping counterfeits

The sheer volume of violations means e-commerce infringement enforcement can feel like a game of "whack-a-mole" for those who monitor the internet.
Tesla's charging network is widely viewed as a signature achievement for the EV maker and a key driver of its sales. Tesla Superchargers account for more than 60% of U.S. high-speed charging ports, federal statistics show.
BUSINESS / Companies
May 16, 2024

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff

Former charging chief met Musk expecting the go-ahead for a massive expansion of the charging network, but ended up getting fired along with her 500-member team.
A representative explains the features of the Afeela electric vehicle, a Honda-Sony Mobility concept car, at the CES 2024 trade show, in Las Vegas on Jan. 9. The Honda-Sony alliance plans to deliver its first EV model in the spring of 2026 in North America.
BUSINESS / Companies
May 16, 2024

Honda to double investment in electric vehicles and software

The automaker had planned to invest ¥5 trillion ($32.3 billion) for the 10 years through March 2031, but it now plans to spend ¥10 trillion by that point.
Many buildings in the shopping district of Anamizu, Ishikawa Prefecture, remain damaged five months after the area was hit by a powerful earthquake on Jan. 1.
JAPAN / Society
Jun 2, 2024

Over 100 businesses closed in municipalities hit by Noto quake

Many business owners are shutting down because reconstruction is slow, people are leaving the area and they have no one to take over in the future.
In a boon to Saudi Arabia's government, which is seeking to fund a massive economic transformation plan, Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday.
BUSINESS / Markets
Jun 3, 2024

Saudi Aramco’s $12 billion stock offer sells out in hours

The extent of foreign participation will be closely watched as an indicator of interest in Saudi Arabia's assets.
In a meeting with Nippon Ishin no Kai head Nobuyuki Baba (left) in Tokyo last Friday, Prime Minister Fumio Kishida had secured a formal endorsement of the Liberal Democratic Party's proposed revisions for the political funding law.
JAPAN / Politics
Jun 4, 2024

Fumble with Nippon Ishin over funding vote adds to Kishida's predicament

The calling off of Tuesday's vote on the Liberal Democratic Party's proposed revisions for the political funding law might shake his precarious standing in the party.
Naoki Okamura, chief executive officer of Astellas Pharma, speaks during an interview in Tokyo on Monday.
BUSINESS / Companies
Jun 11, 2024

Astellas seeks green light for eye drug Izervay in Europe and Japan

The drugmaker is in discussions with Japanese regulators about whether clinical trials for local patients are needed, Chief Executive Naoki Okamura said.
Debt rating firms have raised SoftBank Group’s grade as the Tokyo-based company’s earnings from investments begin to stabilize.
BUSINESS / Companies
Jun 13, 2024

SoftBank’s bond underwriting fee drops for first time in decade

The firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion of seven-year notes for individual investors, according to a company filing.
Japan's exports in May showed the largest year-on-year increase since November 2022, but persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation.
BUSINESS / Economy
Jun 19, 2024

Japan’s exports grow most since 2022 on boost from weak yen

Exports increased 13.5% from a year ago in May, marking a sixth month of gains, the Finance Ministry reported.
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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