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January 21, 2025
 

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INSURANCE

Car dealer Toyota Mobility Tokyo and used car dealer Goodspeed are believed to have committed illegal practices, such as discounting vehicles in exchange for buying specific insurance products.
BUSINESS / Companies
Jan 21, 2025
Japan's FSA to issue business improvement order to Toyota dealer
The Toyota subsidiary and Goodspeed are suspected of illegal practices such as discounting vehicles in exchange for buying specific insurance products.
A street in Pattaya, Thailand
JAPAN / Crime & Legal
Jan 15, 2025
Thai police arrest Japanese man over ¥1.36 billion retiree scam
The scam involved fraudsters impersonating Japanese government staff to sell bogus health insurance packages, according to the police statement.
Tokio Marine & Nichido Fire Insurance plans to raise its starting monthly salary for university graduates joining the nonlife insurer in April 2026 to as much as ¥410,000.
BUSINESS / Companies
Jan 12, 2025
Tokio Marine to raise starting pay to up to ¥410,000
The insurance firm aims to secure and retain human resources amid continuing labor shortages in Japan.
Rescue workers search a flooded area during the aftermath of Typhoon Hagibis, which caused severe floods at the Chikuma River, in the city of Nagano in October 2019.
ENVIRONMENT / Climate change
Jan 12, 2025
Disaster-hardened Japan faces enormous costs from climate change
The total cost in climate damages for the country through 2050 could amount to ¥952 trillion if more ambitious action isn't taken.
Houses destroyed in the Palisades Fire along the Pacific Coast Highway in Malibu, California, on Thursday
COMMENTARY / World
Jan 12, 2025
California fires expose a $1 trillion hole in U.S. home insurance
Santa Ana winds and wildfires are natural to California, but climate change and human development have made them far more destructive.
Dai-ichi Life Insurance sold about ¥500 billion of Japanese government notes, mainly 20- to 40-year bonds, in the fiscal first half that ended in September.
BUSINESS / Companies
Jan 6, 2025
Dai-ichi Life takes ¥140 billion loss selling off long bonds
The insurer sold about ¥500 billion of Japanese government notes, mainly 20- to 40-year bonds, in the fiscal first half ended September.
Meiji Yasuda Life Insurance headquarters in Tokyo
BUSINESS / Companies
Jan 4, 2025
Meiji Yasuda girds to be more daring in global M&A hunt
The firm’s ambitions reflect bold moves also being made by many of its local rivals, all hunting for growth outside of the country.
Hiroshi Shimizu (left), president of Nippon Life Insurance, and Satoshi Asahi, vice president and future president, shake hands after a news conference Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 23, 2024
Nippon Life’s $12 billion acquisition spree is just beginning
Having committed to pouring billions into a pair of global insurers, the firm is now turning to asset managers, as it seeks to diversify business at home and abroad.
Luigi Mangione arrives at a helicopter pad after being extradited from Pennsylvania, as New York Mayor Eric Adams walks behind him, in New York, on Thursday.
WORLD / Crime & Legal
Dec 20, 2024
Suspect in UnitedHealthcare killing slapped with new charges
Federal prosecutors have charged Luigi Mangione with the federal crime of murder using a firearm, two charges of stalking and a charge of using an illegal gun silencer.
Rivers and canals meander through many of the townships in Ningbo, with some homes built close to the water.
ASIA PACIFIC / Politics
Dec 19, 2024
Can China shield the biggest uninsured economy from floods?
Only about 10% of Chinese families have a home insurance policy, compared to nearly 90% in the U.S.
Luigi Mangione, 26, at the Blair County Courthouse in Hollidaysburg, Pennsylvania, on Dec. 10. Mangione was indicted on Tuesday for the murder of UnitedHealth Group executive Brian Thompson.
WORLD / Crime & Legal
Dec 18, 2024
Luigi Mangione indicted for first-degree murder in CEO death
Mangione faces as long as life in prison without the possibility of parole if he is convicted.
Nippon Life Insurance Chairperson Yoshinobu Tsutsui is set to become the next head of the Japan Business Federation, or Keidanren, in May next year.
BUSINESS
Dec 17, 2024
Nippon Life chair to become head of Japan's main business lobby
Yoshinobu Tsutsui is set to be the first chairperson of the Japan Business Federation, or Keidanren, from the financial industry.
Numbered evidence markers indicate where bullet casings were located at the crime scene outside the New York Hilton Midtown, where Brian Thompson, the chief executive of UnitedHealthcare, was fatally shot, Dec. 4.
WORLD / Crime & Legal
Dec 13, 2024
Suspect in UnitedHealthcare shooting visited Japan, then vanished
New details are emerging about Luigi Mangione’s growing impatience with "a capitalist society” and his search for refuge in the mountains of Japan.
Nippon Life Insurance, Japan’s largest insurer by assets, will buy $250 million worth of convertible notes and $300 million of preferred securities issued by TCW Group.
BUSINESS / Companies
Dec 12, 2024
Nippon Life ramps up global push with $550 million TCW deal
The announcement comes just a day after Nippon Life agreed to buy Bermuda-based Resolution Life Group Holdings for about $8.2 billion.
Luigi Mangione, 26, a suspect in the New York City killing of UnitedHealth executive Brian Thompson, is escorted after an extradition hearing at Blair County Court House in Hollidaysburg, Pennsylvania, on Tuesday.
WORLD / Crime & Legal
Dec 12, 2024
Luigi Mangione was charged with murder — then donations started pouring in
The photogenic, Ivy League-educated 26-year-old's support has seemingly only intensified since his arrest on Monday.
The $8.2 billion deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
BUSINESS / Companies
Dec 11, 2024
Nippon Life to buy Resolution in $8.2 billion deal as it pursues U.S. growth
The deal is the largest overseas acquisition by a Japanese insurer to date and the second major transaction announced by Nippon Life this year.
Police escort Luigi Mangione to his arraignment at the Blair County Courthouse in Hollidaysburg, Pennsylvania, on Monday.
WORLD / Crime & Legal
Dec 10, 2024
Murder charges filed against suspect in UnitedHealthcare shooting
The suspect, identified as Luigi Mangione, 26, was captured in Altoona, Pennsylvania, in a McDonald's after a customer and an employee believed he resembled the gunman.
A person holds a sign while standing on the roadside near the McDonald's restaurant where a suspect in the killing of the CEO of UnitedHealthcare, Brian Thompson, identified as Luigi Mangione, 26, was arrested, in Altoona, Pennsylvania, on Monday.
WORLD / Crime & Legal
Dec 10, 2024
Killing of UnitedHealthcare exec ignites patient anger over insurance
The attack called fresh attention to deepening frustrations faced by Americans in their struggle to receive and pay for medical care.
A poster advertising a reward for information is posted near the site where Brian Thompson, chief executive of UnitedHealthcare, was fatally gunned down in New York on Monday.
BUSINESS / Companies
Dec 10, 2024
CEO killing and rage over insurance plunges UnitedHealth into crisis
Instead of eliciting sympathy from the public, the death of UnitedHealth’s CEO has spawned a hate machine against the insurance industry.
A Nippon Express facility in Tokyo
BUSINESS / Companies
Dec 7, 2024
Fraudulent transport insurance claims found at Nippon Express
The offices falsified data and documents related to insurance contracts and claimed insurance money for cargoes without insurance contracts.
Chinese buyer of Okinawa island to make visit in summer
Yanaha Island in Okinawa Prefecture as seen from a ferry.
Japanese firms weigh fallout from Trump tariff pledges
Economists, legal experts and business leaders concur that incoming U.S. President Donald Trump's pledge to implement fresh tariffs — whether directly aimed at Japan or not — could hurt the country's export-reliant machinery and automobiles industries while shattering the global economy.
Cedar pollen is already in the air in Tokyo
Climate change and urbanization are believed to have contributed to the earliest ever observation of cedar pollen in Tokyo, on Jan. 8, an expert says.
More bird flu cases found in Japan; 1.44 million birds to be culled
Officials with the agriculture ministry hold a news conference in Nagoya on Friday following an outbreak of avian influenza in Tokoname, Aichi Prefecture, earlier this month.
Fuji TV loses more advertisers amid inquiry into host’s behavior
Fuji TV is losing more advertisers following allegations about inappropriate behavior by a celebrity host and questions about its handling of the case.
Japan looks to learn from the past with bid to build Australian warships
The Maritime Self-Defense Force's Mogami frigate, of the class of the same name, is anchored at the MSDF's naval base in the city of Yokosuka, Kanagawa Prefecture, in September 2022.
Amid rising world hunger, a Japan-inspired group in Kenya is making a big impact
Wawira Njiru, the founder of Food4Education, serves food during the opening of a new kitchen in Mombasa County, Kenya, in 2022. The organization started in 2012 by feeding 25 children out of a single kitchen. Now it feeds nearly half a million every day.
From Tokyo to Manhattan, Takuma Watanabe stirs up a stiff drink
It's taken Takuma Watanabe little time to establish himself as one of New York's hottest bartenders.
For tourists in search of seasonal sights, Yamagata makes its case
For some time away from Tokyo's suffocating urban sameness, Yamagata Prefecture is home to a soothing array of natural abundance.
A slow dive into ‘a moment and an eternity’ with Ryuichi Sakamoto
From the mid-2000s onward, Ryuichi Sakamoto created a number of installation works, often in collaboration with Shiro Takatani, of multimedia art collective Dumb Type.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go
By Kazuaki Nagata and Richard Meyer

SUSTAINABLE JAPAN

mission sustainability vol.14 : Unicharm Corp.Unicharm recycles diapers back into diapers
mission sustainability vol.14 : Unicharm Corp.Unicharm recycles diapers back into diapers

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