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November 24, 2024
 

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Republican presidential nominee and former U.S. President Donald Trump attends a campaign rally in Warren, Michigan, on Nov. 1.
WORLD
Nov 6, 2024

White House win gives Trump a legal reprieve

As U.S. president, the 78-year-old Trump can make the federal criminal cases facing him vanish and see the state cases put on hold.
Tesla and SpaceX CEO Elon Musk gestures as he steps on stage during a rally for former U.S. President and then-Republican presidential candidate Donald Trump in New York on Oct. 27
BUSINESS / Companies
Nov 7, 2024

What Trump's re-election means for Elon Musk

Trump has vowed to give Musk an official role cutting government spending — and with it, the power to influence policy and the federal agencies.
U.S. President Donald Trump signs one of five executive orders related to the oil pipeline industry in the Oval Office of the White House in Washington on Jan. 24, 2017.
BUSINESS / Markets
Nov 7, 2024

From oil to EVs, here’s how Trump’s victory affects energy

The prospect of a Trump-era pullback from some policies promoting emission-free energy has already helped spark a slide in shares of renewable power firms.
Bank of Japan Gov. Kazuo Ueda attends a post-policy meeting news conference at the central bank's headquarters in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 7, 2024

Trump victory might give Bank of Japan some room to maneuver

The Bank of Japan has been under pressure to keep monetary policy accommodative given the state of the economy and the tentativeness of the recovery.
Japan spent ¥3.17 trillion on dollar-selling intervention on July 11 and ¥2.37 trillion on July 12, quarterly data from the Finance Ministry showed on Friday.
BUSINESS / Markets
Nov 8, 2024

Japan intervened twice last quarter to bring yen below ¥160

The Finance Ministry intervened on July 11 and 12, spending ¥3.17 trillion and ¥2.37 trillion respectively to prop up the yen.
Tomoki Arai, head of markets at Bank of Yokohama
BUSINESS / Companies
Nov 8, 2024

Bank of Yokohama weighs Japan bond comeback with more rate hikes to come

More financial institutions are weighing a return to local debt after years of investing abroad.
NAND flash memory maker Kioxia plans to use a new method for listing in Japan that would fast-track its oft-delayed initial public offering. Both the price and size of the stake to be floated were undecided, according to a filing Friday.
BUSINESS / Tech
Nov 9, 2024

Kioxia files for long-delayed IPO as Samsung’s lead grows

The NAND flash memory maker plans to debut on the Tokyo Stock Exchange between this December and June next year.
Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Asheville, North Carolina, in August.
BUSINESS / Economy
Nov 9, 2024

Scott Bessent, top candidate for Treasury Secretary, meets with Trump

The Treasury Secretary job is a key Cabinet position, with vast influence over economic, regulatory and international affairs.
A pedestrian on a bridge walks past buildings in Pudong's Lujiazui Financial District in Shanghai on Jan. 9.
BUSINESS / Companies
Nov 10, 2024

Foreign firms pull more money from China’s slowing economy

Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI since at least 1990, when comparable data begins.
Chinese President Xi Jinping and Indonesian President Prabowo Subianto shake hands during a signing ceremony at the Great Hall of the People in Beijing on Friday.
BUSINESS / Tech
Nov 11, 2024

China and Indonesia ink $10 billion deals on green energy and tech

President Prabowo Subianto also chose China for his first visit as president elect, underscoring Jakarta's commitment to stronger strategic ties with Beijing.
A Toyota Motor Lexus LF-ZC electric concept vehicle at the Beijing Auto Show in April
BUSINESS
Nov 11, 2024

Toyota aims to ramp up China production in a strategy pivot

The plan represents a strategic pivot by the world's top selling automaker in the world's largest car market.
A sign outside JP Morgan Chase & Co. offices in New York in 2021
BUSINESS
Nov 11, 2024

JPMorgan braces for ‘impactful’ first two years of Trump

Optimism has been high that Donald Trump’s pro-growth promises, built around tax cuts and deregulation, will unlock another round of gains in the economy.
Taiwan Semiconductor Manufacturing Co.'s JASM plant in Kikuyo, Kumamoto Prefecture, on Sept. 13
BUSINESS / Tech
Nov 11, 2024

Japan unveils ¥10 trillion plan to aid domestic chip industry

The plan, which will provide the support by fiscal 2030, comes as countries look to strengthen control over their chip supply chains.
Seven & I Holdings has closed its convenience stores in Israel.
BUSINESS / Companies
Nov 13, 2024

Seven & I closes all eight convenience stores in Israel

Seven & I opened its first convenience store in Israel in January last year.
Jensen Huang (left), co-founder and CEO of Nvidia, and Masayoshi Son, chairman and CEO of SoftBank Group, during a fireside chat at the Nvidia AI Summit Japan on Wednesday
BUSINESS / Companies
Nov 13, 2024

SoftBank plans first supercomputer with Nvidia Blackwell chips

Nvidia’s chips have become a prized commodity for the world’s biggest tech companies, which use the components to develop and run AI models.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024

Japan’s biggest banks raise profit goals, unveil buybacks

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
The streets of Suzu, Ishikawa Prefecture, in October show that the city is still struggling from the aftermath of the Jan. 1 earthquake and heavy rain in September.
BUSINESS / Economy / FOCUS
Nov 15, 2024

Japan faces urgent need to boost state finances for emergencies

If a major earthquake were to strike directly beneath Tokyo, the projected damage would total around ¥107.5 trillion.
Chinese leader Xi Jinping reviews an honor guard upon his arrival for the Asia-Pacific Economic Cooperation forum in Callao, Peru, on Thursday.
BUSINESS / Economy
Nov 16, 2024

Xi seizes role as global defender of free trade against Trump

China’s leader warned on Friday that the global economy was fracturing as protectionism spreads, leading to "severe challenges.”
A screen displays trading information about the shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York on March 26.
BUSINESS / Markets
Nov 18, 2024

Truth Social and late calls take over economists’ lives under Trump

The end goal for economists is to produce accurate forecasts to help traders, businesses and governments navigate the new chaotic world.
Masahide Endo, chief consultant at Daiwa Institute of Research noted that Alimentation Couche-Tard's bid for Seven & I Holdings had spawned a sense of crisis in other industries over sudden takeover proposals.
BUSINESS / Economy
Nov 18, 2024

Japanese companies increasingly targeted in foreign M&A bids

The total value of inbound acquisitions from overseas is up about 3.7 times year on year.
Bank of Japan Gov. Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices during a speech in Nagoya on Monday.
BUSINESS / Economy
Nov 18, 2024

Yen weakens after Ueda’s caution on BOJ rate hike hints

The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.
A Sardinian miner helmet, painted with the logo of Sardinia region, in Carbonia, west of Cagliari, Italy. Sardinia relies largely on coal for its electricity.
BUSINESS / Markets
Nov 18, 2024

Locals revolt against renewables in Italy's coal-fired island, Sardinia

The island a prime location for wind and solar power but intense investor interest has spooked locals who say Sardinia is being exploited.
Sam Altman, CEO of ChatGPT maker OpenAI, joins a growing list of former tech leaders taking roles in San Francisco's government.
BUSINESS / Tech
Nov 19, 2024

San Francisco taps OpenAI's Sam Altman for leadership role

The head of the artificial intelligence company behind ChatGPT was named by San Francisco Mayor-elect Daniel Lurie as one of seven co-chairs of his transition team.
A view inside Beijing Daxing International Airport. Japanese nationals could soon visit China without a visa for up to 15 days, according to reports.
BUSINESS / Economy
Nov 19, 2024

China may soon resume visa exemptions for Japanese nationals, reports say

The news comes as the two countries work toward mending fences after a period of tension and in the face of rising protectionist threats.
Kazuto Oku in Tokyo on Tuesday
BUSINESS / Economy
Nov 19, 2024

Norinchukin loss to exceed $9.7 billion as bank dumps foreign bonds

Traders and investors are closely watching how Norinchukin plans to reallocate its $304 billion investment portfolio.
Japan's exports rebounded in October, led by a pickup in chip equipment demand in China.
BUSINESS / Economy
Nov 20, 2024

Japan’s exports grow, helped by China even as global risks rise

Exports rose 3.1% from a year ago, led by strong growth in shipments of chip-making equipment, especially sales to China.
Pudong's Lujiazui Financial District in Shanghai, China
BUSINESS / Companies
Nov 20, 2024

Japanese businesses grow more pessimistic on China’s economy

About 64% of Japanese companies said the Chinese economy is faring worse than last year.
Nissan has warned that missing a British government target on electric vehicles would lead to significant fines for manufacturers.
BUSINESS / Companies
Nov 21, 2024

Nissan urges U.K. to ease EV targets amid weak demand

A British mandate requires at least 22% of an automaker's new car sales in 2024 to be purely EVs, or they face hefty fines.
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.
LIFE / Style & Design
Nov 23, 2024

After Shohei Ohtani bump, Iwate ironware maker sees brighter future

Thanks to the Dodgers superstar, the waitlist for Oitomi’s Miyabi Tetsubin kettle now stretches to more than a year.
A mockup of a Northvolt battery at a factory in Skelleftea, northern Sweden. Northvolt transformed in a matter of months from Europe's best shot at a homegrown electric-vehicle battery champion to a company struggling to stay afloat.
BUSINESS / Companies
Nov 22, 2024

Northvolt files for bankruptcy in blow to Europe's EV ambitions

The firm said it has only enough cash to support operations for about a week.
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
Tokyo’s newest three-star chef wants ‘harmony across every detail’
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
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.”

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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