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February 22, 2025
 

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INSURANCE

Tokio Marine Holdings and other large non-life insurers are facing pressure to sell cross-held shares to improve their governance.
BUSINESS / Companies
Feb 17, 2025
Japan insurers sell $11 billion cross-held shares ahead of plans
The insurers are facing pressure to improve their governance after regulators fined them for coordinating adjustments in insurance fees in advance for companies.
Leaders of patients' groups submit signatures opposing the move by the government to raise the medical copayment ceiling on Wednesday.
JAPAN / Science & Health / EXPLAINER
Feb 14, 2025
Japan to rethink medical copayment hike amid patient outcry
Many patients, especially those undergoing costly but effective cancer therapy, say a hike might force them to abandon their treatments.
Meiji Yasuda Life Insurance will acquire Banner Life Insurance in the United States as it seeks to expand its business overseas amid sluggish domestic market.
BUSINESS / Companies
Feb 9, 2025
Meiji Yasuda to acquire U.S. peer Banner Life
Japanese life insurance companies are expanding overseas for growth as the domestic market shrinks.
Homes destroyed by wildfire in the Pacific Palisades neighborhood of Los Angeles earlier this month. Insured losses caused by this and other fires raging in the area in recent weeks have been valued at over $30 billion.
COMMENTARY / World
Feb 5, 2025
Fossil fuel insurance is still way too cheap
Despite mounting losses from climate-induced disasters, insurers continue underwriting fossil fuels. Raising the cost of such policies would help cut emissions and benefit many.
Nippon Life Insurance will establish a new headquarters division in late March to manage its foreign businesses, and its overseas insurance and asset management departments will be absorbed into that organization, people familiar with the matter have said.
BUSINESS / Companies
Jan 27, 2025
Nippon Life to revamp overseas business operations after acquisitions
Japan’s biggest life insurer will establish a new headquarters division in late March to manage its foreign businesses, and absorb related departments into that organization.
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 / OUR PLANET
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.
Yen advances past ¥150 per dollar as BOJ rate-hike bets ramp up
The Japanese currency climbed as much as 1% to ¥149.95 against the dollar on Thursday, a level it hasn’t touched since Dec. 9.
Japan release of Shiori Ito's documentary in limbo
Shiori Ito, who won a civil suit over a rape case against a TV reporter, in 2018. Her former lawyers claim her documentary includes footage used without the consent of sources.
LDP and opposition lock horns over Japan budget
Prime Minister Shigeru Ishiba in parliament on Friday
Japanese panel seeks to tighten screening of new universities
Education minister Toshiko Abe (right) receives a report on higher education from an advisory panel on Friday.
Over 80% of Japanese say death penalty system is 'unavoidable'
Former death row inmate Iwao Hakamata (left) and his sister, Hideko, attend a gathering of his supporters after his acquittal in a retrial over a 1966 murder case was finalized in October last year.
As Ukraine rift emerges, Kyiv's envoy says Japan must take on bigger global role
Ukrainian Ambassador to Japan Sergiy Korsunsky speaks during an interview at the Ukrainian Embassy in Tokyo on Monday.
Japan release of Shiori Ito's documentary in limbo
Shiori Ito, who won a civil suit over a rape case against a TV reporter, in 2018. Her former lawyers claim her documentary includes footage used without the consent of sources.
Abdul Hakim Sani Brown ready to sprint past Paris disappointment
Abdul Hakim Sani Brown (center) runs during a 100-meter heat at the Paris Olympics on Aug. 3, 2024.
What is the ceiling for sumo’s newest yokozuna?
Newly promoted grand champion Hoshoryu (center) performs a dedication ceremony at Meiji Shrine in Tokyo on Jan. 31.
‘Yasuko, Songs of Days Past’ puts overlooked star in the spotlight
“Yasuko, Songs of Days Past” centers on a real-life love triangle between poet Chuya Nakahara (Taisei Kido, left), actor Yasuko Hasegawa (Suzu Hirose, center) and literary critic Hideo Kobayashi (Masaki Okada).

Podcast

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

Longform

Tokyo Koon stands at the forefront of tackling the so-called 2025 issue, also known as the “Magnetic Tape Alert.”
The race to save 20th-century history
By Alex K.T. Martin

SUSTAINABLE JAPAN

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