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May 05, 2024
 

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U.S. President Joe Biden speaks at the United Steelworkers Union headquarters in Pittsburgh, Pennsylvania, on April 17. Biden made clear that he does not want the proposed takeover of U.S. Steel by Japan’s Nippon Steel to happen.
BUSINESS / Companies
Political furor over Nippon Steel's U.S. Steel bid puts investment panel in spotlight
Backlash over the deal has echoes of the 1980s when Nippon Steel tried and failed to buy another American metal company.
BUSINESS / Companies
Wall Street Journal moves Asia base from Hong Kong to Singapore
The U.S. newspaper said its decision comes after other foreign firms have reconsidered their operations in the Chinese financial hub.
BUSINESS / Companies
Nomura and Mizuho face losses after fund’s failed trades
The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
The U.S. Steel plant in Clairton, Pennsylvania
BUSINESS / Companies
May 3, 2024
Nippon Steel pushes back U.S. Steel acquisition until December
Nippon Steel has delayed acquiring United States Steel as the United Steelworkers union opposes the plan, along with U.S. President Joe Biden.
Claudio de Sanctis, head of private bank at Deutsche Bank AG, during an interview in Singapore, on April 18
BUSINESS / Companies
May 3, 2024
Deutsche Bank unveils wealth targets after hiring push in Asia
By Chanyaporn Chanjaroen
Private banks are turning to the Middle East and Southeast Asia amid China's property crisis and a downturn in capital-market activity in Hong Kong.
Optica headquarters in Washington, D.C., on Tuesday
BUSINESS / Companies
May 3, 2024
Huawei secretly backs U.S. research, awarding millions in prizes
By Kate O'Keeffe
Huawei Technologies is the sole funder of a research competition that has awarded millions of dollars since its inception in 2022.
Apple CEO Tim Cook attends the Wonderlust event at the company's headquarters in Cupertino, California, on Sept. 12, 2023.
BUSINESS / Companies
May 3, 2024
Apple unveils record $110 billion buyback as results beat low expectations
By Stephen Nellis, Max A. Cherney and Yuvraj Malik
Apple's quarterly revenue fell, but less than analysts had expected, and CEO Tim Cook said revenue growth would return in the current quarter.
People try out the new iPhone 15 Pro in Shanghai in September 2023.
BUSINESS / Companies
May 2, 2024
Apple tapping AI to boost iPhone demand ahead of expected sales decline
By Yuvraj Malik
Wall Street expects a slight decline in iPhone sales, and analysts estimate quarterly revenue to fall by the most since the winter of 2022.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024
Japan firms reach pain threshold as yen keeps testing lows against the dollar
By Tsuyoshi Inajima, Yuki Furukawa, Akemi Terukina and Shoko Oda
The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
Laxman Narasimhan has been CEO of Starbucks for just over a year.
BUSINESS / Companies
May 2, 2024
Sales slump and shares dive at Starbucks as inflation cuts thirst for treats
By Daniela Sirtori
The global chain expressed confidence in its forecast as recently as November, saying that demand for iced shaken espressos was resilient.

With eye on China, defense chiefs agree to bolster interoperability
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Debate on constitutional revision at a standstill despite Kishida's pledges
With less than two months left before the conclusion of the current session of parliament, any possibility that Prime Minister Fumio Kishida can deliver constitutional reform before the end of his term as Liberal Democratic Party president in late September, as he has promised, appears remote.
Japan's May 1 intervention may have cost ¥3.66 trillion, BOJ data suggests
An electronic screen displays a graph showing Japanese yen exchange rates surging against the dollar amid signs of intervention by authorities, in Tokyo on Thursday.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
The 'outsiders' creating some of Japan's greenest spaces
By Stephen Mansfield

SUSTAINABLE JAPAN

Prize winner Maki Imoto catches light with glass
Prize winner Maki Imoto catches light with glass

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