U.S. pressure to slow Beijing’s advances in making semiconductors led the Netherlands to ban exports to China of ASML’s second-most advanced category of machinery at the start of the year. But ASML continues to service machines that were bought before the restrictions were in place.
BUSINESS / Companies
Jul 18, 2024
ASML falls as outlook clouded by risk of U.S. export curbs
ASML shares plunged 11% in Amsterdam on Wednesday to €870.90 ($952), wiping out €42.7 billion of market value — its biggest decline since March 2020.
Brokers such as Nomura are busy handling transactions for the offloading of cross-shareholdings among Japanese companies, which bring in hefty fees.
BUSINESS / Companies
Jul 18, 2024
Block trades herald $5 billion fee windfall for Japan’s brokers
Pressure to improve corporate governance is leading firms to whittle down an estimated ¥50 trillion ($320 billion) they hold in companies with which they do business.
Sanyo Shokai sells custom-ordered T-shirts from Spanish clothing brand Ecoalf using digital printing technology.
BUSINESS / Companies
Jul 18, 2024
Digital printing of clothes drawing attention in Japan
The process allows for small-quantity production and caters to customers' tastes more precisely.
Several people from Nomura Holdings in charge of Asia excluding Japan are leaving the company, according to an internal memo.
BUSINESS / Companies
Jul 17, 2024
Nomura reshuffles Asia investment banking team and cuts jobs in slump
A management change coincides with a new round of job cuts involving about 10 bankers this week, sources have said.
PwC is considering slashing up to half its financial services auditing staff in China and about 20% of its staff in other auditing teams and nonauditing business lines.
BUSINESS / Companies
Jul 17, 2024
PwC weighs halving of China financial services audit staff, say sources
The firm has 781 partners and nearly 19,000 employees in mainland China as of last September.
Passenger aircraft operated by All Nippon Airways at Haneda Airport in Tokyo. ANA has developed an autonomous driving vehicle to tow cargo containers.
BUSINESS / Companies
Jul 17, 2024
Tokyo airport trials driverless cargo vehicle
The trial, the first of its kind at a Japanese airport, is part of government-backed efforts to innovate the air transport industry.
Mizuho Securities is starting a fund to create opportunities for third-party investment into Japan's animation film sector that has created globally popular works such as "Demon Slayer."
BUSINESS / Companies
Jul 17, 2024
Mizuho fund to invest in Japan’s popular but cash-needing anime scene
For investors, Mizuho's fund will be an opportunity to park their money in a sector famous for works like "Demon Slayer."

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals