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January 31, 2025
 

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WEALTH

In 2024, child mortality for children before the age of 5 reached a record low of 3.6%, down from over 25% in 1950. For most of history, about half of all newborns died as children.
COMMENTARY / World
Jan 22, 2025
Even this year is the best time ever to be alive
Another way of looking at it: Every day over the past couple of years, roughly 30,000 people moved out of extreme poverty worldwide.
The country's net assets, or the value of properties, cash, deposits, stocks and other assets in the country minus that of loans and other debts, totaled ¥4,158.4 trillion at the end of 2023, up 4.1% from a year before, a Cabinet Office estimate showed Monday.
BUSINESS / Economy
Jan 21, 2025
Japan's national wealth hit record ¥4 quadrillion at end of 2023
Of the total, households accounted for a record ¥2.97 quadrillion, up 3.7%, marking the fifth consecutive year of growth.
Private firefighters gather near their vehicles at a mall in Pacific Palisades, California, on Wednesday.
WORLD / Society
Jan 17, 2025
Private firefighters highlight wealth divide in ruined Los Angeles
Questions are being asked about how some of the city's superrich seem to have survived almost unscathed after enormous blazes spread through the metropolis.
U.S. President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington on Wednesday.
WORLD
Jan 17, 2025
American ‘oligarchy’ decried by Biden gained $1.5 trillion in his term
The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years.
Scheduled to welcome its first guests in early 2025, the Waldorf Astoria Osaka is just one of many luxury hotel openings Japan has seen in recent months.
LIFE / Travel
Jan 4, 2025
Japan’s ‘quiet revolution’ of luxury travel nears fruition
“The Japanese luxury travel scene has undergone quite the metamorphosis over the past decade,” says one industry insider.
Internally displaced Syrians from eastern Ghouta queue for food in a Damascus countryside in April 2018.
WORLD / Society
Dec 24, 2024
Global hunger crisis deepens as major nations skimp on aid
The United Nations says that, at best, it will be able to raise enough money to help about 60% of the 307 million people it predicts will need humanitarian aid next year.
Keidanren chief Masakazu Tokura speaks to reporters in the city of Nanao, Ishikawa Prefecture on Nov. 20.
BUSINESS / Economy
Dec 10, 2024
Keidanren urges tax hike for rich with eye on ¥1 quadrillion GDP
Such a move will help the nation achieve a “virtuous cycle of growth and distribution,” Keidanren chief Masakazu Tokura says.
Rupert Murdoch arrives for a probate court hearing in Reno, Nevada on Sept. 16.
BUSINESS / Companies
Dec 10, 2024
Murdoch loses 'Succession' battle for son's control of media empire
The media mogul sought to make Lachlan, his eldest son who is understood to share his worldview, as the controlling player in the family empire after his death.
Insurance tycoon Douw Steyn’s 250 million rand home overlooks the luxury residential estate bearing his name near Johannesburg, South Africa.
BUSINESS
Dec 9, 2024
Luxury estates for the rich are a booming business in South Africa
Despite a 20% decline in South Africa’s millionaire population over the past decade, it remains a hub for the continent’s high-net-worth individuals.
About $105 trillion is projected to be passed down from older generations over the next quarter century, according to research firm Cerulli Associates, an amount roughly equal to global gross domestic product in 2023.
BUSINESS / Economy
Dec 6, 2024
A $105 trillion inheritance windfall is on the way for U.S. heirs
The latest inheritance projection by Cerulli is 45% higher than the 25-year forecast the firm made only three years ago.
Wealthy people in Japan failed to declare a total of ¥65.5 billion in taxable income in the year through June, down 33.2% from the year before, a National Tax Agency report showed Friday.
JAPAN
Nov 30, 2024
Japan's wealthy fail to declare ¥65.5 billion in income
The tax agency attributed the rise partly to the full-fledged use of artificial intelligence to make investigations more efficient.
The building that was the home of the late Kosuke Nozaki in Tanabe City, Wakayama Prefecture. Prosecutors are seeking an indefinite prison term in the lay-judge trial of a woman suspected of murdering him.
JAPAN / Crime & Legal
Nov 19, 2024
Indefinite prison term sought for murder of 'Don Juan of Kishu'
In seeking the indefinite sentence, the prosecution said that Kosuke Nozaki's life and properties had been taken, which was a grave form of "damage."
Tesla CEO Elon Mus joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of the first assassination attempt on Trump in Butler, Pennsylvania, on Oct. 5.
COMMENTARY / World
Nov 4, 2024
The growing shadow of big money in U.S. politics
Changes in federal election law have made it easier for candidates like Donald Trump to trade influence for donations.
Tech entrepreneur, investor and philanthropist Masayoshi Son made his fortune by becoming a bridge between California's technology culture and Japan.
COMMENTARY
Oct 31, 2024
Masayoshi Son may be the oddest of the oddball billionaires
Masayoshi Son made his fortune by becoming a bridge between Californian tech culture and Japan.
Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, on Thursday.
WORLD / Politics
Oct 21, 2024
Elon Musk's daily $1 million payouts at Trump rally draw legal scrutiny
Musk has supplied at least $75 million to America PAC so far, according to federal disclosures, making him a crucial part of Trump's bid to regain the White House.
Historical examples show that technological advances often lead to significant but gradual changes, sometimes accompanied by social and economic disruptions.
COMMENTARY / World
Sep 12, 2024
Will the AI revolution lead to greater prosperity?
Historical examples show that technological advances often lead to significant but gradual changes, sometimes accompanied by social and economic disruptions.
Go Sugiyama, head of wealth management at Nomura Holdings
BUSINESS / Companies
Aug 28, 2024
Nomura is hiring wealth managers after years of staff overhaul
Nomura’s wealth management segment that serves domestic clients has been a consistent performer over the years.
A drone view shows Trump National Golf Club in Jupiter, Florida, on Aug. 11.
WORLD / Politics
Aug 22, 2024
Trump earns big from Florida golf resorts as his other businesses flag
The health of Donald Trump’s golf business is a bright spot at a precarious moment for the Trump Organization.
Brazilian Economy Minister Fernando Haddad arrives for a news conference during a break at the Group of 20 finance chiefs' meeting session in Rio de Janeiro on Friday.
BUSINESS / Economy
Jul 27, 2024
G20 pledges to work together to tax ultrarich
The topic of tackling tax-dodging billionaires dominated the two-day meeting in the Brazilian city, which will host the next G20 summit in November.
Japanese businessman Kazunori Takishima, seen at the 2018 Winter Olympics in Pyeongchang, South Korea, has attended four Summer Games and four Winter Games since his first in 2006.
OLYMPICS
Jul 12, 2024
Japanese superfan with Olympic-sized wallet eager to make new memories in Paris
The 48-year-old Tokyo native spends large chunks of his disposable income on Olympic tickets.
Japan begins feeling the pain of BOJ rate hikes more concretely
People were more concerned about the direct and specific impact of the Bank of Japan's latest rate hike on their personal lives, according to an artificial intelligence-driven analysis of various platforms, including social media.
Sumo’s newest yokozuna is all smiles — but major challenges await
Hoshoryu (front, second from left) celebrates after being promoted to yokozuna on Wednesday in Tokyo.
Japanese man ends his 6,000 kilometer Africa rickshaw trek in Cape Town
Yuji "Gump" Suzuki, the Japanese runner and social media sensation, runs with supporters while pushing his rickshaw as he nears his goal in Cape Town, South Africa, on Sunday.
No survivors from jet and helicopter collision in Washington, officials say
Part of the wreckage is seen as rescue crews search the waters of the Potomac River Thursday morning after a passenger plane on approach to Reagan National Airport crashed into the river after colliding with a U.S. Army helicopter, near Washington, D.C., on Wednesday evening.
Cherry blossom season predicted to begin in Tokyo on March 21
Tokyo is expected to lead the season with its first cherry blossoms on March 21, followed by Fukuoka, Kochi and Hiroshima prefectures as well as the city of Yokohama on March 22.
For two weeks only, cold-water yellowtail can give you chills
Yellowtail caught during the coldest period of the year is delicious enough — but paired with a classic method of marinade and pan-searing, it's divine.
In meat- and fish-loving Japan, veganism is making a comeback
Though vegan restaurants have been on the upswing since 2017, Japanese vegans still lack a wide variety of options.
Who are the key figures involved in the growing Fuji TV scandal?
Fuji TV adviser Hisashi Hieda in 2005
What we learned at Fuji TV's marathon Nakai scandal news conference
Members of the media raise their hands for questions as outgoing Fuji TV President Koichi Minato attends a news conference in Tokyo on Monday.
Kanoa Igarashi dreams big as surfing championship tour gets underway
Kanoa Igarashi surfs in the Hurley Pro Sunset Beach competition in Oahu, Hawaii, on Feb. 18.

Podcast

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

Longform

Ayumi Matsuki, a priestess at Yoshiwara Shrine, shows off some "o-mamori" charms. She says visitors to the shrine have increased since the NHK drama “Unbound” began airing this month.
Tracing Tsutaya Juzaburo, Edo’s media maverick
By Alex K.T. Martin

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