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May 02, 2024
 

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People try out the new iPhone 15 Pro in Shanghai in September 2023.
BUSINESS / Companies
Apple tapping AI to boost iPhone demand ahead of expected sales decline
Wall Street expects a slight decline in iPhone sales, and analysts estimate quarterly revenue to fall by the most since the winter of 2022.
BUSINESS / Companies
Japan firms reach pain threshold as yen keeps testing lows against the dollar
The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
BUSINESS / Companies
Sales slump and shares dive at Starbucks as inflation cuts thirst for treats
The global chain expressed confidence in its forecast as recently as November, saying that demand for iced shaken espressos was resilient.
Wecars President and CEO Shinjiro Tanaka (center) at a news conference in Tokyo on Wednesday
BUSINESS / Companies
May 1, 2024
New firm formed to take over Bigmotor's operations
Wecars took over around 250 outlets and some 4,200 employees from Bigmotor, and its board of directors does not include former members of Bigmotor's board.
Former Binance CEO Changpeng "CZ" Zhao arrives at federal court in Seattle, Washington, on Tuesday. Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, was sentenced today to four months in prison after he pleaded guilty to violating laws against money laundering.
BUSINESS / Companies
May 1, 2024
Binance crypto founder Zhao sentenced to four months in prison
By Deborah Bloom and Jonathan Stempel
Once considered the most powerful crypto industry figure, Zhao, known as "CZ," is the second major crypto boss to be sentenced to prison.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024
Tesla axes most of supercharger team in blow to other automakers
By Dana Hull, Ed Ludlow and Keith Naughton
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
A Starbucks logo adorns a store in Los Angeles in 2015.
BUSINESS / Companies
May 1, 2024
Starbucks posts first sales drop since 2020 amid global pullback
By Daniela Sirtori
Consumers growing more hesitant to spend money has given Starbucks "perhaps the worst set of results of any large company so far," an analyst said.
An Amazon Web Services (AWS) logo is pictured during a trade fair in Hanover, Germany, on April 22.
BUSINESS / Companies
May 1, 2024
Amazon triples quarterly profit as cloud surges
By Glenn CHAPMAN
The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion
Activist investor campaigns are becoming more commonplace in Japan as the government and the Tokyo Stock Exchange encourage companies to boost shareholder returns.
BUSINESS / Companies
Apr 30, 2024
Elliott Management's Sumitomo stake reflects growing activism in Japan
By Manuel Baigorri
Elliott has built a large holding in Sumitomo after investing several tens of billions of yen in the trading house backed by Warren Buffett.
Tesla CEO Elon Musk attends a conference in Paris last June.
BUSINESS / Companies
Apr 28, 2024
Tesla CEO Elon Musk kicks off surprise trip to Beijing
Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving software in China.

'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Did Japan intervene to prop up the yen? Analysts think it did.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
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

When trying to trace your lineage in Japan, the "koseki" is the most important form of document you'll encounter.
Climbing the branches of a Japanese family tree
By Alex K.T. Martin

SUSTAINABLE JAPAN

Cultural properties:A Fujiya Hotel insider’s view
Cultural properties:A Fujiya Hotel insider’s view

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