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November 22, 2024
 

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JAPANESE

Tokyo Metropolitan Police have seized fake gold grains and notepads passed off as cash that were used to swindle a company executive in Tokyo's Chiyoda Ward in October 2023.
JAPAN / Crime & Legal
Nov 15, 2024
British national arrested for over ¥13 million cash swap swindle
Joe Kpoto, 40, allegedly made off with the cash in a fake gold transaction by passing off a notepad as a stack of banknotes.
Japanese companies lack the agility needed for the digital transformation, a new report says.
BUSINESS / Economy
Nov 15, 2024
Japan ranked 31st in digital competitiveness, 92nd for English skills
In the 2024 EF English Proficiency Index, Japan was ranked 92nd, down from 87 the previous year. It was its worst showing yet.
Democratic Party for the People head Yuichiro Tamaki speaks to reporters in Tokyo on Nov. 8.
JAPAN / Politics
Nov 15, 2024
DPP leader clashes with governors over tax-free income limit
Prefectural governors fear that raising the ¥1.03 million limit would means less central government tax money for local services.
Osaka police arrested Yuji Imai, 37, along with Hiroshi Shima, 21, who had already been arrested and indicted on two other similar cases.
JAPAN / Crime & Legal
Nov 15, 2024
Suspected ringleader of burglaries linked to 'dark' jobs arrested in Osaka
Osaka police believe Yuji Imai, 37, ordered the break-ins and sent out instructions to recruit more grunt workers.
Japan's economy expanded by an annualized 0.9% in the third quarter, data showed.
BUSINESS / Economy
Nov 15, 2024
Japan’s economy beats consensus in boost for BOJ rate hike case
Gross domestic product expanded at an annualized pace of 0.9% in the three months through September from the prior period, a tad higher than the 0.7% consensus estimate.
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.
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors looking for merger and acquisition deals.
COMMENTARY / Japan
Nov 15, 2024
Japan's newfound love of M&A makes for strange bedfellows
There is a broad shift in Japan’s business environment, where long-standing relationships are being challenged by foreign and activist investors.
Takeshi Shina, an opposition lawmaker and a member of the Lower House's financial committee, has frequently summoned Bank of Japan governors, including incumbent Kazuo Ueda, to parliament for grilling on monetary policy.
BUSINESS / Economy
Nov 14, 2024
BOJ should raise rates to 1% to reverse weak yen, says CDP lawmaker
His remarks highlight how concern over the demerits of a weak yen will remain a key topic of debate among politicians.
A photo taken on Monday shows a torii gate at the Meiji Shrine on which carvings resembling kanji were found.
JAPAN / Crime & Legal
Nov 14, 2024
American tourist arrested over defacing of Meiji Shrine torii gate
Suspect Steve Lee Hayes, 65, allegedly carved letters into the wooden pillar of one of the shrine's torii gates.
Relatives of the victim of an accident in the city of Oita held a news conference on Nov. 5, following the first hearing of the jury trial.
JAPAN / Crime & Legal
Nov 14, 2024
Justice Ministry panel proposes stricter criteria for dangerous driving
Experts are advocating for the introduction of specific numerical thresholds for speed and blood alcohol content, addressing criticisms of ambiguity in the current law.
Suspects in a badger game scheme allegedly forced victims to pay money by threatening them, locking them up, assaulting them and pursuing them via consumer credit companies.
JAPAN / Crime & Legal
Nov 14, 2024
Tokyo police arrest nine people over alleged badger scheme
The individuals were arrested on charges for extorting about ¥2 million in cash from four male customers in their 20s to 40s between April and July.
Police have arrested a 47-year-old man on suspicion of robbery and murder of a hotel worker in Ichihara, Chiba Prefecture.
JAPAN / Crime & Legal
Nov 14, 2024
47-year-old man arrested over Chiba hotel murder-robbery
Atsushi Egawa allegedly killed 56-year-old Hitomi Saeki, who was working at a hotel in Ichihara's Nakatakane district.
The Tokyo District Court has found Nagumi Osada, 27, guilty of sexually abusing seven girls between the ages of 3 and 6.
JAPAN / Crime & Legal
Nov 14, 2024
Former day care center worker given 14-year term for child sex abuse
The man was found guilty of abusing seven girls between the ages of 3 and 6 at day care centers where he worked and of filming the acts over a period of two years.
The government aims to finalize an economic package later this month to help households hit hard by rising prices.
JAPAN
Nov 14, 2024
Japan eyes ¥30,000 benefits for low-income households
The planned economic package includes a proposal of ¥20,000 per child to the benefits, which are designed to support households hit hard by soaring prices.
Masato Kanda, then-vice minister of finance for international affairs, in January 2022
BUSINESS
Nov 13, 2024
As pain from weak yen deepens, Japan's ex-currency chief Masato Kanda warns of action
Kanda's warning came as the Japanese currency weakened to a three-month low of near ¥155 to the dollar.
Daisuke Tanaka's profile photo on his Instagram account
JAPAN / Crime & Legal
Nov 13, 2024
Host arrested on suspicion of coercing client into prostitution
A host club employee in Tokyo’s Kabukicho entertainment district was arrested for allegedly attempting to force a female client into prostitution.
A Chinese foreign national was arrested Tuesday for allegedly swindling an elderly woman through a fake investment scam.
JAPAN / Crime & Legal
Nov 13, 2024
Chinese national held over swindling of Ibaraki woman who lost ¥809 million
Wan Cheuklun allegedly conspired with others to impersonate economist Takuro Morinaga on LINE, offering false investment opportunities.
The corporate goods price index rose 3.4% in October from a year earlier, Bank of Japan data showed, above market forecasts for a 3.0% gain.
BUSINESS / Economy
Nov 13, 2024
Japan's wholesale inflation heightens uncertainty on rate hike timing
A spike in the price of rice, coupled with the increasing cost of nonferrous metals, food and oil, pushed up overall wholesale inflation.
An infrastructure project in the city of Mumbai. The International Monetary Fund forecasts 7.0% growth for India in 2024 and 6.5% in 2025, compared with 0.3% growth for Japan this year and 1.1% next year.
BUSINESS / Economy
Nov 12, 2024
India set to overtake Japan in GDP rankings
Economic stagnation and a weak yen could take Japan's economy to fifth place globally as early as next year.
Global investment firms plan to beef up hiring in Japan, as deals surge on the domestic market.
BUSINESS / Companies
Nov 12, 2024
Global investment firms hunt for talent in Japan as deals boom
The hiring spree underscores the intensity of dealmaking in Japan, which has been a rare bright spot amid a slowdown in M&A deals globally over the last couple of years.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
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.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

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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