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November 24, 2024
 

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Bank of Japan Gov. Kazuo Ueda indicates the central bank is in no rush to raise interest rates further.
BUSINESS / Economy
Sep 24, 2024

BOJ chief signals no rush in raising rates further

The central bank can afford to spend time scrutinizing market and overseas economic developments in setting monetary policy, Gov. Kazuo Ueda says.
Nippon Steel Vice Chairman Takahiro Mori says the company remains committed to talks with the United Steelworkers (USW) labor union.
BUSINESS / Companies
Sep 24, 2024

Nippon Steel's Mori asks USW leadership to 'come to the table'

The deal has faced opposition from high-profile Democrats and Republicans ahead of the U.S. November presidential elections.
Toyota added ¥200 billion to a ¥1 trillion stock repurchase plan announced in May, according to an exchange filing Tuesday.
BUSINESS / Companies
Sep 24, 2024

Toyota raises buyback to ¥1.2 trillion, citing share levels

The carmaker’s operating profit for the three months ended June 30 was ¥1.31 trillion, 17% higher than a year earlier.
Kioxia Holdings was reportedly planning an initial public offering in October valuing it at $10 billion.
BUSINESS / Companies
Sep 25, 2024

Kioxia reportedly pulls IPO as AI winter looms

The IPO delay comes as the chip business globally faces a number of challenges related to possible overcapacity in some products.
Suntory alcoholic and nonalcoholic beverages
BUSINESS / Companies
Sep 26, 2024

Suntory to raise monthly wages by 7% in 2025

Suntory will carry out a 7% raise for the third straight year.
Toshiki Kawai, chief executive officer of Tokyo Electron
BUSINESS / Companies
Sep 27, 2024

Tokyo Electron prepares for India expansion as Modi lures chipmakers

India is amping up efforts to attract international electronics companies and chipmakers to set up facilities within its borders.
The Sharp air purifier's furniture-like design was overseen by architect Kengo Kuma.
BUSINESS / Companies
Sep 27, 2024

Sharp collaborates on wooden air purifier with architect Kengo Kuma

The purifier is aimed at corporate clients and will sell for ¥550,000 yen.
The X account of Elon Musk in seen blocked on a mobile screen on Aug. 31.
BUSINESS / Companies
Sep 27, 2024

Musk's X seeks Brazil comeback, retreats on 'censorship' feud

The billionaire had held out for more than five months against what he called "censorship" in a feud with a judge in one of X's largest and most coveted markets.
The Federal Reserve building in Washington. Federal Reserve Chair Jerome Powell said last week he felt that the pre-pandemic years during which the Fed's rate hovered near zero for years and Europe delved into the exotic world of negative rates are gone for good.
BUSINESS / Economy
Sep 27, 2024

A global hunt for neutral rates to shape world finance costs

Policymakers are exploring whether the rates required to keep inflation in check and economies growing are higher now than the ultra-low ones before the pandemic.
Shigeru Ishiba, the newly elected leader of Japan's ruling Liberal Democratic Party holds a news conference after the LDP leadership election in Tokyo on Friday.
JAPAN / Politics
Sep 28, 2024

Ishiba gets down to the business of forming new administration

The incoming prime minister has reportedly decided to keep Yoshimasa Hayashi in the key post of chief cabinet secretary.
In 2023, SBI, PSMC and the Miyagi Prefectural Government formed a basic agreement to construct a chipmaking plant in the village of Ohira, but SBI has announced that the tie-up with PSMC ended.
BUSINESS / Tech
Sep 29, 2024

SBI to end plant construction tie-up with Taiwanese chipmaker

The Japanese online financial group has vowed to carry out the semiconductor plant project by finding new partners.
An employee works on the production line of Nio electric vehicles at a JAC-NIO manufacturing plant in Hefei, Anhui province, in China in 2022.
BUSINESS / Economy
Sep 30, 2024

China's factory and service sectors skid as stimulus calls grow

The data showed China's manufacturing industry remains a pain point for policymakers, who acknowledged the economy faces "new problems."
The Financial Services Agency is set to begin a review of cryptocurrency rules, opening up the possibility of lower taxes on digital assets.
BUSINESS / Markets
Oct 1, 2024

Japan crypto review may open door to lower taxes and dedicated ETFs

The Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments law is adequate.
A woman walks past a Samsung store in Seoul on June 28. Sources have said that the firm is planning overseas layoffs.
BUSINESS / Companies
Oct 2, 2024

Samsung to cut thousands of jobs amid struggles in AI market

Job cuts are planned for other overseas subsidiaries and could reach 10% in certain markets, a source said.
Labor union members rally and call for an increase of the average minimum wage in Tokyo in July.
BUSINESS / Economy
Oct 2, 2024

Japan’s new prime minister moots minimum wage moon shot

To achieve Ishiba’s target, increases of over 7% a year would be needed, which economists say would be a challenge.
Port workers from the International Longshoremen's Association (ILA) participate in a strike at the Virginia International Gateway in Portsmouth, Virginia, on Wednesday.
BUSINESS
Oct 4, 2024

U.S. port workers, operators reach deal to end East Coast strike

A tentative agreement for a wage hike of around 62% over six years will immediately end a crippling three-day strike.
An electronic ticker at the Tokyo Stock Exchange
BUSINESS
Oct 4, 2024

More stocks trade below book value in Japan despite reforms

About 38% of Topix 500 companies were trading below book value as of the end of September.
The value of artificial intelligence companies has skyrocketed, fueling talk of a possible AI bubble.
BUSINESS / Tech
Oct 4, 2024

AI bubble or 'revolution'? OpenAI's big payday fuels debate

To critics, buyers don't really understand the technology, and the market needed for it to thrive is not mature yet.
The Bank of Japan headquarters in Tokyo. Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week, with new Prime Minister Shigeru Ishiba saying Japan wasn’t ready for more rate hikes yet.
BUSINESS / Markets
Oct 5, 2024

Stepped-up global easing risks making it harder for BOJ to hike

Worries about the implications of further BOJ tightening against a global backdrop of easing were again on display this week.
Prime Minister Shigeru Ishiba and Bank of Japan Gov. Kazuo Ueda ahead of their meeting on Wednesday. Ishiba's comment after the meeting that he doesn't believe Japan needs an additional interest rate hike has surprised the financial market.
BUSINESS / Markets / FOCUS
Oct 6, 2024

Ishiba's U-turn on interest rates surprises market

The market is being perplexed by the statement by Ishiba, who had been critical of Abenomics.
The average price of new condos in Tokyo's 23 wards in the first half of this year stayed over ¥100 million and a notable wave of price increases was observed in urban areas surrounding Tokyo.
BUSINESS
Oct 7, 2024

Tokyo area condo prices remain sky-high

The average price of new condos in central Tokyo's densely populated 23 wards stood at ¥108.55 million in the first half of this year.
An electric vehicle (EV) at an Electrify America charging station in Atlanta
BUSINESS / Tech
Oct 7, 2024

The future of EV charging looks a lot like an airport lounge

The convenience of nicer charger stations could entice would-be electric vehicle drivers to take the plunge and buy one,
Finance Minister Katsunobu Kato attends an interview with media outlets at the Finance Ministry on Monday.
BUSINESS / Economy
Oct 7, 2024

Japan's new finance minister vows to finish the job as deflation czar

Katsunobu Kato's message indicates that financial conditions might remain accommodative for some time.
The Bank of Japan raised it economic assessments for the Hokuriku and Tokai regions in its quarterly regional report Monday.
BUSINESS / Economy
Oct 8, 2024

BOJ signals it remains on rate hike path with regional report

The Bank of Japan indicated it remains on track to consider more interest rate hikes by upgrading its assessments for two regional economies.
Seven & I had been under pressure from activists and other investors for years to narrow its focus on its crown jewel: 7-Eleven and other convenience stores.
BUSINESS / Companies
Oct 10, 2024

Seven & I to embrace 7-Eleven name as it sheds noncore businesses

The plans accelerate restructuring efforts in the face of an unsolicited ¥7 trillion takeover proposal from Alimentation Couche-Tard.
The Finance Ministry plans to suspend Nomura from the primary group of Japanese government bond dealers for a month from Tuesday.
BUSINESS / Companies
Oct 11, 2024

Japan suspends Nomura from bond auctions after manipulation

The action is another setback for Nomura after the revelations led several companies including Toyota Finance to take their bond underwriting business elsewhere.
Thursday night's electronic dance music-infused event had the signature trappings of Elon Musk's salesmanship, but some Tesla investors and experts said they were hoping for more concrete details.
BUSINESS / Tech
Oct 12, 2024

Tesla's robotaxi event was long on Musk promises. Investors wanted more details.

Concrete details on how the company plans to transform from an automaker into an autonomous driving and artificial intelligence titan were missing.
Starship's Super Heavy Booster is grappled at the launch pad in Starbase near Boca Chica, Texas, on Sunday, during the Starship Flight 5 test.
BUSINESS / Tech
Oct 14, 2024

SpaceX captures booster rocket in step toward Musk’s Mars dream

The successful test underscores the astonishing progress SpaceX is making with its launch capabilities.
As banking's behemoths gather at the COP16 summit, there is much talk about monetizing nature and biodiversity.
BUSINESS / Companies
Oct 15, 2024

Global banks want to monetize biodiversity

Opportunities to invest in funds that target biodiversity are currently limited
Renault R4 E-Tech electric cars are displayed during the media day at the 2024 Paris Motor Show on Monday.
BUSINESS
Oct 15, 2024

China-Europe rivalry heats up at Paris car show as EV tariffs loom

Struggling European automakers need to prove they are still in the game, while Chinese rivals are aiming to get a foothold in a competitive market.
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?
By Kathryn Wortley

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mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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