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November 24, 2024
 

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Masanori Katayama, chairman of the Japan Automobile Manufacturers Association, said the association will work with the Japan Auto Parts Industries Association to address the problem of subcontractor bullying.
BUSINESS / Companies
May 24, 2024

Japan’s automakers vow to stop squeezing their suppliers

Member companies of the Japan Automobile Manufacturers Association have agreed to treat subcontractors more fairly when the latter pass on cost increases.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California.
BUSINESS / Economy
May 25, 2024

USTR extends some Chinese tariff exclusions, but many to fall away

Friday's action means certain goods will maintain exclusions from import tariffs.
Amazon Web Services (AWS) at a trade fair in Hannover Messe, in Hanover, Germany, on April 22
BUSINESS / Companies
May 28, 2024

Amazon in talks with Italy to invest billions of euros in cloud plan, sources say

AWS launched its first cloud region in Italy in 2020 as part of a plan to invest €2 billion ($2.2 billion) by 2029.
Nvidia's shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split.
BUSINESS / Companies
May 29, 2024

AI darling Nvidia's market value surges closer to Apple

Nvidia's shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split.
Seiji Adachi, member of the policy board at the Bank of Japan
BUSINESS / Economy
May 29, 2024

BOJ policymaker hints of rate hike if yen fall has big impact on inflation

While short-term currency moves alone would not trigger a policy shift, the central bank could raise interest rates if excessive yen falls persist.
Google says it will invest $2 billion in Malaysia to develop its first data center and Google Cloud region in the country.
BUSINESS / Companies
May 30, 2024

Google to invest $2 billion in data center and cloud services in Malaysia

The government says the investment will advance Malaysia's digital ambitions.
A ground crew worker refuels a plane at Phoenix Sky Harbor International Airport in Arizona.
BUSINESS / Companies
May 31, 2024

Waste-to-fuel company that raised $1 billion verges on collapse

Fulcrum BioEnergy has recently laid off nearly all of its staff of about 100 and halted most of its operations, according to more than a half-dozen former employees.
A residential development under construction in Shanghai in February. Problems in the property sector have had a negative impact across broad areas of China's economy.
BUSINESS / Economy
May 31, 2024

China's factory activity unexpectedly dips as property pain persists

The disappointing number adds to a series of recent indicators showing the $18.6 trillion economy is struggling to get back on its feet.
The Iyogin Holdings headquarters in Matsuyama, Ehime Prefecture
BUSINESS / Companies
May 31, 2024

Bond traders make one-of-a-kind gain at tiny bank in Ehime

Iyogin Holdings, a regional bank based in the prefectural capital of Matsuyama, has delivered record net income for two years in a row.
Nissan CEO Makoto Uchida said that the automaker will continue to communicate with its suppliers to see whether unfair practices persist and set up a new team directly under him to accelerate reforms on its relations with its subcontractors.
BUSINESS / Companies
Jun 1, 2024

Nissan challenges TV Tokyo report on subcontractors

The automaker denied allegations that it continued to pressure its suppliers into slashing prices even after receiving a warning from the fair trade regulator.
People walk with their luggage after a rainstorm hit Dubai, UAE, causing delays at Dubai International Airport on April 17.
BUSINESS / Tech
Jun 3, 2024

Airlines eye 'new frontier' of AI ahead of global summit

Aviation companies, long accustomed to thin profit margins, see AI as the newest way to boost productivity and gain a competitive edge.
Tokyo Gas storage tanks in Tokyo. The firm is looking to add more U.S. natural gas assets.
BUSINESS / Companies
Jun 3, 2024

Tokyo Gas seeks more U.S. natural gas assets, president says

Japan's top city gas supplier is aiming to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer.
Nvidia CEO Jensen Huang gives a presentation on Sunday night before Computex Taipei’s official opening to talk about the chipmaker’s strategic plans.
BUSINESS / Tech
Jun 4, 2024

Nvidia and AMD square off in fight to take control of AI

The heads of both companies employed different tacks in conveying their expertise during back-to-back shows at the world’s largest computing conference this week in Taipei.
The Two International Finance Center, left, and other buildings in Hong Kong in May 2021
BUSINESS / Markets
Jun 5, 2024

Chinese move billions into Hong Kong banks, seeking higher yields

Regulators in Beijing have clamped down on high-yielding wealth management products onshore, while sinking real-estate prices have sapped nest eggs across China.
Japan's base pay in April rose 2.3% from a year earlier to drive up nominal wages by 2.1%, but real wages marked a 25th consecutive month of decline as pay growth lagged inflation.
BUSINESS / Economy
Jun 5, 2024

Japan’s biggest base pay jump since 1994 still leaves doubts

Pay continues to lag inflation, with analysts appearing to latch on to weaker-than-expected growth in cash wages in data that avoids sampling issues.
Toyoaki Nakamura, a member of the policy board at the Bank of Japan, warns of recent weak signs in consumption and slowing global growth that have clouded the outlook for Japan's economy.
BUSINESS / Economy
Jun 6, 2024

BOJ's Toyoaki Nakamura warns of risks to 2% inflation goal from 2025

The central bank board's median forecast is for core consumer inflation to hit 1.9% in the fiscal year beginning in April 2025 and in fiscal 2026.
Nvidia CEO Jensen Huang
BUSINESS / Tech
Jun 7, 2024

At Computex, Nvidia billionaire Jensen Huang showcases Taiwan's tech dominance

With this year’s raucous Computex — the world’s biggest computing conference — Taiwan sent a message: If you want AI, you need Taiwan.
Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will sell their Toyota shareholdings over an extended period of time lasting a few years, sources said.
BUSINESS / Companies
Jun 7, 2024

Two of Japan's top banks to divest ¥1.3 trillion in Toyota shareholdings

Mitsubishi UFJ and Sumitomo Mitsui will sell in stages and take advantage of Toyota’s plan to buy back its own shares.
Gold prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
BUSINESS
Jun 8, 2024

You can now buy gold bars from vending machines in South Korea

Prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024

Shareholder votes in focus as big Japan banks sell Toyota shares

The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
The Tokyo Stock Exchange in Tokyo
BUSINESS / Companies
Jun 10, 2024

Japan’s jammed AGM season limits shareholder engagement, investors say

Almost 60% of companies will hold meetings this month, with 30% hosting on June 27.
An Nvidia Cop. Quantum-X800 InfiniBand Platform on display in Taipei on June 5. Nvidia was already the world's most valuable semiconductor firm. Now, it's become the first computer-chip company ever to hit $3 trillion in market capitalization.
BUSINESS / Markets
Jun 10, 2024

Big Tech is driving the S&P rally. Others will have to step up.

Part of the challenge for tech investors is the stocks are already quite expensive.
Only 6% of the Japanese workforce is engaged while a third of the workforce is job hunting or looking out for new opportunities, according to a Gallup report.
BUSINESS
Jun 12, 2024

Despite its hardworking image, Japan might be No. 1 in quiet quitting

Only 6% of the Japanese workforce is engaged, one of the lowest readings in the world, according to a Gallup report.
A hydrogen storage tank with an under-construction green hydrogen compressor at a liquid fuels facility in Sasolburg, South Africa.
BUSINESS / Companies
Jun 13, 2024

South Africa’s biggest green-hydrogen project woos Japanese investors

If approved, the plant will use 3,700 megawatts of renewable power generation capacity to split water to produce 1 million tons of hydrogen a year.
The Shein logo on hangers at a pop-up store in Dublin on Nov. 8, 2022
BUSINESS / Companies
Jun 13, 2024

Shein steers tough course in pursuit of blockbuster London IPO

Both of the U.K.’s major political parties have met with Shein leaders, according to reports, though neither has come out in support publicly.
Shareholder approval of the $56 billion pay package serves as both an endorsement of Elon Musk's tenure and an acknowledgment that investors do not want to risk Tesla's future.
BUSINESS / Tech
Jun 14, 2024

Tesla's Musk wins shareholder approval for $56 billion pay package

The approval does not, however, resolve a lawsuit on the pay package in a Delaware court.
The city of Fukuoka. The government plans to draw up guidelines for supporting midsize companies, many of which have headquarters outside big cities and are expected to play key roles in boosting regional economies.
BUSINESS / Companies
Jun 17, 2024

Japan to compile guidelines on supporting midsize firms

The guidelines will specify how support should be provided to such companies based on their management conditions.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Jun 19, 2024

BOJ’s minutes show debate on rate hikes with close eyes on yen

The minutes signal the potential for a BOJ rate hike as early as July even as market speculation for such a move has cooled somewhat.
Most Japanese companies see no need for their government to follow the U.S. in raising tariffs on Chinese imports, a survey has found.
BUSINESS
Jun 20, 2024

Most Japanese firms see no need to follow U.S. with tariffs on China

U.S. President Joe Biden last month unveiled steep tariff increases on an array of Chinese goods.
Kazuto Oku, CEO of Norinchukin Bank, speaks during a news conference in Tokyo on May 22.
BUSINESS / Companies
Jun 20, 2024

Norinchukin sounds warning as higher-for-longer rates inflict losses

Signals from central banks that they are in no rush to cut rates have caught out many investors who'd been betting on more aggressive moves.
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.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
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
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?
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