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November 24, 2024
 

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WEALTH

High-end tourism is becoming more about the kinds of experiences that Japan's lesser-known places can provide.
LIFE / Travel / Longform
Mar 25, 2024
Can Japan lure the jet-set class off the beaten path?
High-end travelers are looking for sustainability, wellness and adventure when they head abroad. Japan hopes to deliver in places other than Tokyo.
Attendees listen as Fernando Haddad, Brazil's finance minister, speaks virtually during the Group of 20 finance ministers and central bank governors meeting in Sao Paulo on Wednesday.
WORLD / Politics
Feb 29, 2024
Brazil urges 'new globalization' at G20 meet overshadowed by Ukraine
The meeting will lay the economic policy groundwork for the annual G20 leaders' summit to be held in November.
People walk past the Trump Building after a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York state for three years, in New York City on Friday.
WORLD / Politics
Feb 17, 2024
Trump keeps New York empire intact as judge rescinds asset-sale order
Former U.S. President Donald Trump was banned from doing business in New York for three years and ordered to pay $354 million for lying about his wealth.
Amazon CEO And Blue Origin Founder Jeff Bezos
BUSINESS / Companies
Feb 14, 2024
Jeff Bezos sells $4 billion of Amazon stock, avoiding $288 million levy
Moving to Florida, after Washington imposed a 7% gains tax, the world’s second-richest person offloaded 24 million shares over just four trading days.
Elon Musk
BUSINESS / Companies
Jan 31, 2024
Musk’s $55 billion Tesla pay package struck down, threatening status
Worth some $51.1 billion, Musk's Tesla options were one of his most valuable assets. Without them his net worth would drop to $154.3 billion.
Farmers protest against the government's planned cuts to agricultural sector subsides in Brandenburg, Germany, on Jan. 10.
COMMENTARY / World
Jan 17, 2024
Why Germany is rich but Germans are poor and angry
Germany's polarization peaks as the country's divided society faces economic turmoil.
Instead of hoping seats are free and scrambling to find luggage space on the shinkansen, what if you could fly charter across Japan on your next trip instead?
LIFE / Travel
Jan 13, 2024
Can charter flights connect rich tourists with rural Japan?
The tours, which fly to cities in western, central and northern Japan, will be priced from around ¥1.5 million per person for a group of four people staying two nights.
A new study challenges conventional wisdom on income inequality and questions if the top 1% are really pulling away.
COMMENTARY / World
Nov 21, 2023
America’s top 1% don’t make as much as you might think
A new study challenges conventional wisdom on income inequality and questions if the top 1% are really pulling away.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023
Exclusivity the name of the game as firms target China's wealthiest
Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
Petr Aven in Moscow to attend Russia Business week in in 2018
WORLD / Crime & Legal
Nov 1, 2023
Squeezed by sanctions, some oligarchs head home to Putin's Russia
The penalties have destroyed the standing of many wealthy Russians abroad who remained silent or avoided direct criticism of Putin over the war.
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad. Sometimes, they’re responding to the lure of China’s potential. Other times, it’s the alienation they feel overseas.
ASIA PACIFIC / Politics
Sep 22, 2023
China’s wealthy youth flock home as tensions with U.S. rise
For all the scrutiny at home, many of China’s richest new grads are turning their backs on their lives abroad.
Many of the wealthy in Japan are becoming more keen to park their cash in private assets like equity, credit and real estate that aren't traded in public markets.
BUSINESS
Sep 20, 2023
Brokers tap demand for private assets among Japan's wealthy
Private assets are booming globally after decades-high inflation and rapid interest-rate hikes weighed on both shares and bonds.
The AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion.
BUSINESS / Tech
Sep 8, 2023
Morgan Stanley to launch AI chatbot to woo wealthy
The bank will roll out a generative artificial intelligence bot this month, developed with the makers of ChatGPT, OpenAI
While privilege may always exist to some extent, efforts can be made to create a more equitable and humane society.
COMMENTARY / World
Aug 29, 2023
We can move toward a post-privilege era. Who’s in first?
Privilege should be earned and shared, and it's not something that can be confined to a quiet street or an isolated island.
Over the last decade, the attention given to falling income and wealth inequality has been tiny, creating a view of the issue that may be seriously out of date.
COMMENTARY / World
Aug 29, 2023
We should concentrate on fighting poverty, not income inequality
Wealth inequality has recently gone down in the U.S. and the West, and the decline has been going on for the better part of the last decade.
People lie passed out on a sidewalk in the Tenderloin district of San Francisco in February 2020.
COMMENTARY / World
Aug 8, 2023
Is America’s soft power eroding?
San Francisco has changed from a hub of hippie culture and freedom in the 1960s and '70s, suggesting America's soft power is abating.
Many of the entrepreneurs who’ve become superwealthy are now seeking to manage and transfer riches to their descendants in Asia. That’s resulting in a surge in family office demand.
ASIA PACIFIC
Jul 31, 2023
Asia’s richest families fuel race for lucrative finance jobs
Many of Asia's superwealthy are now seeking help managing their estates just as old-money families in the West have done for decades.
Japan Times
BASKETBALL / NBA
Jul 11, 2023
Adam Silver determined to keep individuals in control of NBA franchises
Per the NBA's investment rules, the controlling owner of an NBA franchise must own at least 15% of the franchise.
Japan Times
SOCCER
Jul 4, 2023
Neymar fined $3.3 million for building lake at mansion
Authorities cordoned off the site and ordered all activity to cease, but Brazilian media reported that the PSG star threw a party there and bathed in the lake.
Japan Times
JAPAN
Jul 3, 2023
Japanese lawmakers' average income falls to ¥21.5 million
In the House of Representatives, the average income stood at ¥22.15 million, while that of the Upper House was ¥20.16 million.
U.S. aircraft carrier returns to Japan carrying navy’s ‘most capable fighter’
U.S. 7th Fleet Commander Vice Adm. Fred Kacher speaks to reporters shortly after the arrival of aircraft carrier USS George Washington at Yokosuka naval base in Kanagawa Prefecture on Friday.
Tokyo police care for lost umbrellas, keys and flying squirrels
An employee at the Tokyo Metropolitan Police Department Lost and Found Center in the Iidabashi area of central Tokyo bags, tags and organizes thousands of items.
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Japan approves ¥21.9 trillion stimulus plan
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
Woman dies after train collides with car in Tochigi
A Moka Railway train car
133-year-old Kyushu railway station remains to be partially preserved
The remains of the original Moji Station in Kitakyushu
After Shohei Ohtani bump, Iwate ironware maker sees brighter future
Kaito Kikuchi's decision to send superstar Shohei Ohtani one of his company's traditional ironware tea kettles has paid off with a surge of interest from general consumers.
Shohei Ohtani wins National League MVP award
Shohei Ohtani celebrates after hitting a three-run home run against the Padres during the National League Division Series at Dodger Stadium in Los Angeles last month.
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.

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.
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