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November 24, 2024
 

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Trains at a yard in Calgary, Alberta, after Teamsters union workers were locked out by Canadian Pacific Kansas City.
BUSINESS
Aug 25, 2024

Canada rail employees ordered back to work

The disputes centered around workers' concerns over long hours and fatigue, leading to dangerous working conditions.
Sarvam AI, often described as India’s OpenAI, introduced software for businesses that can interact with customers using spoken voice rather than just text.
BUSINESS / Tech
Aug 26, 2024

Cheap AI voice bots are suddenly everywhere in India

Startups may turn India into a proving ground for what could be the next frontier of generative artificial intelligence products.
A Canadian retailer's bid to buy the operator of 7-Eleven convenience stores follows the introduction last year of government guidelines on mergers and acquisitions instructing companies to seriously consider takeover offers.
BUSINESS / Companies / ANALYSIS
Aug 27, 2024

Seven & I takeover proposal tests Japan’s evolving investor-friendly stance

The proposed purchase of the convenience store operator follows government guidelines instructing companies to seriously consider takeover offers.
A Couche-Tard convenience store in Montreal. Canadian retailer Alimentation Couche-Tard has made a preliminary non-binding proposal to buy 7-Eleven owner Seven & I Holdings.
BUSINESS / Companies
Aug 27, 2024

Couche-Tard might finance Seven & I takeover with debt

A leveraged acquisition would be feasible because of the Japanese company's strong cash flow, people familiar with the Canadian retailer’s thinking said.
Nvidia CEO Jensen Huang said Japan should develop its own generative AI.
BUSINESS / Companies
Aug 27, 2024

Nvidia to support development of AI based on Japanese language data

The move is seen helping local efforts to protect critical infrastructure and strengthen industrial competitiveness without relying on other countries.
The surprise 19% price increase comes even as PlayStation 5 sales have slowed.
BUSINESS / Companies
Aug 27, 2024

Sony hikes PlayStation 5 price in Japan citing cost volatility

The surprise move comes even as PS5 sales have slowed and Sony is widely expected to refresh its offering with a revamp of the console in coming months.
Bank of Japan Deputy Governor Ryozo Himino
BUSINESS / Economy
Aug 28, 2024

BOJ deputy governor sees rate hike justified if outlook realized

Bank of Japan Deputy Gov. Ryozo Himino's comments underscore the central bank's basically unchanged stance following ructions in the financial markets.
Japanese workers in their 40s and 50s — known as the "lost generation" — saw their wages rise slightly in the second quarter.
BUSINESS / Economy
Aug 29, 2024

Japan’s 'lost generation' gets a raise, and the economy, a small boost

The pay bump in the second quarter is vitally important to the economy, as consumption by Japanese workers in their 40s and 50s is an important driver of growth.
Kirin Holdings President Takeshi Minakata at the company's headquarters in Tokyo on Wednesday
BUSINESS / Companies
Aug 29, 2024

Kirin clinched Fancl takeover to propel health pivot, president says

Fancl fits into a health science portfolio that Kirin aims to grow into a new pillar of the group.
Tomy's "Photogenic LiccA" dress-up dolls are exhibited at the International Tokyo Toy Show 2024 that opened Thursday.
BUSINESS / Companies
Aug 29, 2024

Toys targeting 'kidults' featured at Tokyo Toy Show 2024

About 35,000 toy items from 190 Japanese and foreign companies are being showcased at International Tokyo Toy Show 2024.
Attendees play the For All Time mobile game on smartphones at the NetEase Games booth at the Tokyo Game Show in the city of Chiba in September last year.
BUSINESS / Companies
Aug 30, 2024

Tencent and NetEase rethink Japan approach as game strategy stalls

The companies are reconsidering or scaling back many of their investments in Japanese studios, after years of spending yielded few hit games.
Ryobi Holdings has hired Kyosuke Suzuki, a former currency trader at Societe Generale, to set up an artificial intelligence-powered hedge fund specializing in forex.
BUSINESS / Companies
Sep 3, 2024

Bus group Ryobi sets up forex fund to survive population fall

The move follows its previous investments in real estate, supermarkets and other areas as it tries to secure funds to maintain its bus fleet and grow.
The logo of German carmaker Volkswagen at the main plant of the group in Wolfsburg, northern Germany, in March 2022. German automotive giant Volkswagen said Monday that it could close production sites in Germany as the auto industry struggles to manage rising costs.
BUSINESS / Companies
Sep 3, 2024

Volkswagen weighs first-ever German plant closures amid EV transition woes

Profit margins at the carmaker's underperforming passenger car brand are getting squeezed amid the shift to EVs and a consumer spending slowdown.
Alimentation Couche-Tard’s takeover bid for Seven & I already faces a potential funding problem, but the yen's recent rise puts another hurdle.
BUSINESS / Companies
Sep 5, 2024

Strong yen adds to challenge for Couche-Tard’s Seven & I bid

The buyout already faces questions in terms of potential funding and the target’s efforts to seek government protection.
The 225-issue Nikkei average plunged 4.2% on Wednesday, its sharpest drop since a 12% crash on Aug. 5.
BUSINESS / Markets
Sep 5, 2024

Japanese stocks seen as volatile and capped as U.S. walks economic tightrope

Japan's stock market is heavily influenced by movements in Wall Street and the exchange rate, which remain uncertain due to the unpredictable U.S. presidential election.
Sengu Capital, based in Hong Kong, will start a new hedge fund focused on Japanese firms improving management quality.
BUSINESS / Companies
Sep 9, 2024

New hedge fund gains backing for bets on Japan market revival

Investors have been trying to put more money to work in Japan, as the country emerges from more than a decade of deflation.
Growing moves by companies to pass on higher costs to consumers amid accelerating inflation are believed to have led to the decrease in bankruptcies.
BUSINESS / Companies
Sep 10, 2024

Japan business failures log first drop in 29 months in August

The figure stood below 800 for the first time in four months.
Panasonic has supported the Olympic Games with its technologies, product and services, such as the Technics turn-tables at the breaking event in Paris last month.
BUSINESS / Companies
Sep 10, 2024

Panasonic ends 37-year contract as top Olympics sponsor

The Osaka-based company first became an official partner of the Olympic Games in 1987 and expanded its partnership to the Paralympics from 2014.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Sep 11, 2024

BOJ’s bond buying cuts carve out opening for investors

Net purchases by the central bank have fallen below zero as redemptions surpassed buying.
The PlayStation 5 Pro gaming console is priced at $699.99 in the United States, and ¥119,980 in Japan.
BUSINESS / Companies
Sep 11, 2024

Sony prices PlayStation 5 Pro game console at a hefty $699.99

In Japan, the midgeneration console is priced at ¥119,980, compared with the standard PlayStation 5 digital model's ¥72,980 price tag.
A water tower at the United States Steel Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4
BUSINESS / Companies
Sep 14, 2024

Biden administration is likely to delay decision over U.S. Steel

The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.
A secretive program called Secure Enclave and involving Intel and the Pentagon seeks to establish production for advanced chips with military and intelligence applications.
BUSINESS / Tech
Sep 14, 2024

Intel solidifies $3.5 billion deal to make chips for U.S. military

The secretive program, called Secure Enclave, seeks to establish production for advanced chips with military and intelligence applications.
Nippon Steel may be interested in buying the troubled Italian steel plant formerly known as Ilva, Il Sole 24 Ore reported on Saturday, without saying where it got the information.
BUSINESS / Companies
Sep 14, 2024

Nippon Steel may bid for Italy’s ex-Ilva plant, report says

Representatives of Italy’s government and Japan’s embassy discussed the potential offer last week, the newspaper said without revealing its source.
The Mountain Pass mine, operated by MP Materials in California, is the only rare earths mine in the United States.
BUSINESS / Economy
Sep 17, 2024

China’s grip on rare earths undercuts projects from U.S. to Japan

Japan's experience reducing its dependence on China shows that rare earths projects take longer and are more expensive than initially expected.
Rapidus' new semiconductor plant under construction in Chitose, Hokkaido, in July
BUSINESS / Companies
Sep 18, 2024

New high-profile chip plants driving up nearby land prices across Japan

Expectations for growth in demand for semiconductors has boosted demand for commercial and industrial plots, and housing.
Migrant workers and union members hold a demonstration in favor of fair working conditions in the Made in Italy supply chain, in Geneva on Sept. 11.
BUSINESS
Sep 19, 2024

How migrant workers suffer to craft the 'Made in Italy' luxury label

Brands rely on a chain of contractors and subcontractors, with checks on conditions and the treatment of workers virtually nonexistent.
U.S. Federal Trade Commission Chair Lina Khan
BUSINESS / Tech
Sep 20, 2024

U.S. accuses social media giants of 'vast surveillance'

Tech companies "harvest an enormous amount of Americans' personal data," says FTC chief Lina Khan.
Japanese radio equipment maker Icom director Yoshiki Enomoto shows its model IC-V82 device, which the company said they stopped production in 2014, during an interview at its headquarters in Osaka on Thursday.
BUSINESS / ANALYSIS
Sep 21, 2024

Hack of Hezbollah devices exposes dark corners of Asia supply chains

Counterfeiting, surplus inventories and complex contract manufacturing deals can sometimes make it impossible to identify the source of a product.
Four Japanese private-sector banks including MUFG Bank will participate in an international demonstration test for cross-border payments using digital currencies led by the Bank for International Settlements.
BUSINESS
Sep 23, 2024

Four Japanese banks participate in digital currency project

MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and SBI Shinsei Bank will participate in the project.
Chevrolet Silverado 1500s and GMC Sierra 1500s make their way through an assembly line at the General Motors assembly plant in Fort Wayne, Indiana, on April 9.
BUSINESS
Sep 24, 2024

Biden administration proposes ban of Chinese and Russian car parts

The proposed ban is aimed at the sale and import of Chinese- and Russian-made hardware and software for connected vehicles.
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.
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

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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