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August 14, 2025
 

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TARIFFS

Tokyo stocks rallied to a new high on Wednesday even as trade tensions and economic concerns remain.
BUSINESS / Markets
Aug 13, 2025
Japan's Nikkei 225 breaches 43,000 for first time ever
The benchmark stock index surged to a new high for a second consecutive day.
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping attend the BRICS summit meeting in Johannesburg in 2018.
ASIA PACIFIC / Politics
Aug 13, 2025
India-China thaw takes shape as Modi embraces BRICS over Trump
Modi’s economic calculus was fundamentally altered this month when Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil.
Federal Reserve Chair Jerome Powell (center left) talks to U.S. President Donald Trump and Sen. Tim Scott as they tour the Federal Reserve’s renovation project in Washington on July 24.
WORLD / Politics
Aug 13, 2025
Trump may allow lawsuit against Powell over Fed renovation amid rate tension
The renovation work has become a flash point in Trump’s pressure campaign against Powell and the central bank for not lowering borrowing costs.
Former International Monetary Fund Chief Economist Maurice Obstfeld has expressed concern that U.S. President Donald Trump's administration has taken policy measures, including high tariffs and tax laws, that expand the federal debt and unpredictability, thereby undermining confidence in the dollar.
BUSINESS / Economy
Aug 12, 2025
Former IMF economist advises Japan to strengthen non-U.S. ties
Maurice Obstfeld expressed concern that policies, including high tariffs and tax laws, that expand the federal debt and unpredictability, may undermine confidence in the dollar.
Stocks in Tokyo rallied on Tuesday despite months of uncertainty and general economic concerns.
BUSINESS / Markets
Aug 12, 2025
Japan's Nikkei 225 hits record high on tariff and rate optimism
Shares rise after some good news on the trade front and a long weekend.
Advertisements for factory rentals at Datang village in Guangzhou, Guangdong province, China
BUSINESS / Economy
Aug 12, 2025
China factories cut shifts and workers' pay as U.S. tariffs bite
The increasingly common practice has become a hidden deflationary force in the world's second-largest economy.
U.S. President Donald Trump’s trade delegation, comprising Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, meets with Chinese Vice Minister of Commerce Li Chenggang and Vice Premier He Lifeng in Geneva on May 10 to discuss tariffs and trade issues.
COMMENTARY / World
Aug 12, 2025
Trump’s transactional approach shapes U.S.-China rivalry
There are intense debates about how the U.S. can prevail in that struggle but there are no signs that a single strategy guides the administration.
Nvidia CEO Jensen Huang (right) speaks alongside U.S. President Donald Trump about investing in America, at the White House in Washington on April 30.
BUSINESS / Tech
Aug 12, 2025
Trump opens door to sales of version of Nvidia's next-gen AI chips in China
The chip will be a less-powerful version of the Blackwell.
A terrace of a shopping mall overlooking the central business district of Beijing on Monday. An extension of a trade truce between Washington and Beijing buys crucial time for the autumn surge of imports for the Christmas season, including electronics, apparel and toys, at lower tariff rates.
BUSINESS / Markets
Aug 12, 2025
U.S. and China extend tariff truce by 90 days, staving off surge in duties
The timing of the extension buys crucial time for the seasonal autumn surge of imports for the Christmas season at lower tariff rates.
South Korean President Lee Jae Myung's government, which took office in June, has sought to show as much flexibility as possible when it comes to the U.S.
ASIA PACIFIC / Politics
Aug 11, 2025
South Korea’s winning strategy for Trump faces moment of truth
So far, South Korea has largely flown under the diplomatic radar, working mostly behind the scenes with the U.S. without some of the grand gestures seen from other leaders.
People attend a groundbreaking ceremony of the Trump Organization and a partner for a luxury residential development with three 18-hole golf courses in Hung Yen, a northern province of Vietnam, on May 21.
ASIA PACIFIC
Aug 11, 2025
Little offered to Vietnam farmers displaced for $1.5 billion Trump golf club
While some see opportunity, many of the farmers are elderly and fear they will struggle to find alternative livelihoods in Vietnam's vibrant economy.
Dalton Henry Stout, a member of the white nationalist group Aryan Freedom Network, conceals his identity during a portrait session in southern Oklahoma on May 5.
WORLD / Politics
Aug 11, 2025
American Nazis: The Aryan Freedom Network is riding high in Trump era
American neo-Nazis point to Trump’s rhetoric as driving a surge in interest and recruitment.
The logo of Nvidia is seen during the annual Computex computer exhibition in Taipei on May 30, 2017.
BUSINESS / Tech
Aug 11, 2025
Nvidia and AMD to pay U.S. 15% of China chip revenue, says report
The Trump administration had frozen the sale of some advanced chips to China earlier this year as trade tensions spiked between the world’s two largest economies.
Ryosei Akazawa, Japan’s top trade negotiator, said U.S. officials expressed regret that the stacking rule had been applied to Japan despite a verbal agreement, and said Washington would refund any overpaid levies.
BUSINESS / Economy
Aug 10, 2025
U.S. and Japan working to announce tariffs won’t stack
The United States is working to finalize an announcement that would end the stacking of universal tariffs on Japanese goods.
Taiwan Semiconductor Manufacturing faces serious threats from attempted trade secret theft and U.S. tariff uncertainty, but its technological dominance and strategic importance keep Taiwan’s “silicon shield” intact — for now.
COMMENTARY / World
Aug 8, 2025
Espionage and tariffs can’t tarnish TSMC’s crown
It’s been a long week for the world’s largest chipmaker. But it’s still selling the shovels during an AI gold rush.
A monitor shows the morning closing value of the Topix index hitting a fresh record, trading above 3,000 for the first time, on Friday.
BUSINESS / Markets
Aug 8, 2025
Japan index hits record high on earnings boost as other Asian markets ease
The 225-issue Nikkei Stock Average went up 2% and the Topix index hit a fresh record, trading above 3,000 for the first time.
A Bank of Japan board member suggested the possibility of a rate hike by year-end, depending on the impact of U.S. tariffs, according to a summary of opinions from the central bank’s policy meeting last week.
BUSINESS / Economy
Aug 8, 2025
BOJ may exit wait-and-see mode by year-end, policy meeting summary says
Depending on the impact from U.S. tariffs, another rate hike then might be possible, an unnamed board member hinted.
Workers inspect brand tags on apparel ready for packaging at a textile factory in the southern state of Andhra Pradesh, India, in February 2022. Larger textile manufacturers in the country are grabbing smaller, low-value orders to keep their factories running and avoid shutdowns amid U.S. tariffs.
BUSINESS / Companies
Aug 8, 2025
Indian exporters weigh options to handle U.S. levy that’s 'worse than COVID’
U.S. President Donald Trump's decision to double tariffs will make India-made apparels to generic drugs prohibitively expensive and can heavily disrupt exports.
The government revised its real growth projection for fiscal year 2025 to 0.7%, down from the previous forecast of 1.2%.
BUSINESS / Economy
Aug 8, 2025
Japan lowers this year’s growth forecast as tariffs kick in
The downgrade partly reflects a darkening global economic outlook as a result of U.S. President Donald Trump’s tariff policies.
Ryosei Akazawa, Japan's chief tariff negotiator, said the U.S. made a clerical error in not including a “reciprocal” tariff rate ceiling for Japan in the trade deal.
BUSINESS / Economy
Aug 8, 2025
U.S. backtracks on Japan tariff calculation, taking effective rate lower
Japan's chief tariff negotiator said that a clerical error had been made in the U.S.
Britain’s Prince of Wales aircraft carrier makes Japan debut
HMS Prince of Wales arrives into the Port of Darwin, Australia, in July during Exercise Talisman Sabre 2025.
Japanese students who want to study abroad looking at options in Asia
The number of Japanese students who applied to the National Taiwan University in Taipei in 2025 is more than 60% higher than last year due partly to affordability and proximity.
Controversial theories continue to swirl around 1985 JAL jet crash
Kimi Ozawa, who lost her husband in the 1985 crash of a Japan Airlines jumbo jet, prays in front of his memorial marker on Tuesday in the village of Ueno, Gunma Prefecture.
The indelible memory of being a part of Unit 731
Hideo Shimizu, 95, says he cannot forget seeing the prisoners' bloody wills scribbled on the walls of prison cells at Unit 731 in 1945.
Taiwanese drama 'Zero Day Attack' on Chinese invasion to stream in Japan
A scene from the Taiwanese television drama "Zero Day Attack," which will stream in Japan from Friday.
Osaka Expo highlights the challenge of holding events in Japan's scorching summer
People huddle near a large fan blowing icy-cold mist at the Osaka Expo on July 12. Amid Japan's relentless summer heat, organizes have put myriad measures in place in order to keep guests safe.
At Himawari Shokudo 2, Italian food with a Japanese soul
At Himawari Shokudo 2, chef Hozumi Tanaka serves Italian-inspired fare with a focus on Toyama produce, such as this appetizer of lightly blanched "hotaru ika" (firefly squid) served atop mixed wild plants and a crepe prepared from "yamato-imo" yam.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.

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