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Many of today’s cars — both gas and electric — are equipped with devices connecting them to the internet or cloud services, making them potential targets for hacking.
BUSINESS
Sep 22, 2024

Biden administration to prepare ban on Chinese car software

The U.S. Commerce Department has been meeting with industry experts as it looks to address security concerns raised by a new generation of so-called smart cars.
New Liberal Democratic Party leader Shigeru Ishiba (right), economic security minister Sanae Takaichi (left) and Prime Minister Fumio Kishida celebrate after Ishiba won the LDP leadership race on Friday in Tokyo.
BUSINESS / Markets
Sep 27, 2024

Yen rallies as Ishiba beats Takaichi in LDP race

Ishiba has shown support for the BOJ’s rate policies and the independence of the central bank.
A photo of Chinese leader Xi Jinping is displayed at the National Security Exhibition Gallery in Hong Kong on Monday. The 24-man Politburo led by Xi has recently unveiled a series of pro-growth goodies to help the country's economy.
BUSINESS / Economy / FOCUS
Sep 28, 2024

Xi’s big stimulus week aims to draw a line under China slowdown

A recent barrage of policy announcements marked a sea change in Xi’s approach to managing China’s $18 trillion economy.
Bank of Japan Gov. Kazuo Ueda, seen on June 14, said on Wednesday that he told new Prime Minister Shigeru Ishiba that the central bank was "supporting the economy with loose monetary conditions."
BUSINESS
Oct 2, 2024

Ishiba says Japan not ready for rate hike after meeting BOJ's Ueda

"I told the prime minister that we are supporting the economy with loose monetary conditions," Ueda said.
Japan's real wages fell in August year-on-year after turning positive for the previous two months for the first time in more than two years.
BUSINESS / Economy
Oct 8, 2024

Real wages in Japan drop in August after two months of gains

Analysts say that real-wage growth could turn positive again in September, in part due to the reintroduction of electricity bill subsidies.
Russia's gas pipeline export monopoly Gazprom plunged to a net loss of $7 billion in 2023, its first annual loss since 1999, because of the loss of the EU's gas markets.
BUSINESS
Oct 9, 2024

What happens when Russian gas to Europe via Ukraine stops?

Ukraine will not extend its gas transit agreement with Russia after it expires at the end of December, said Ukrainian Prime Minister Denys Shmyhal.
Chinese Finance Minister Lan Foan. For investors who were hoping to hear authorities spell out exactly how much the government will spend to revive the ailing economy, Saturday's news conference was disappointing.
BUSINESS / Economy / ANALYSIS
Oct 12, 2024

China's stimulus message leaves investors wanting though hanging onto hope

Saturday's news conference reiterated Beijing's broad plans to revive the ailing economy, leaving investors disappointed at the lack of detail.
Equinor's bid underscores the focus some wind players are putting on Japan even as they scale back elsewhere.
BUSINESS / Companies
Oct 22, 2024

Norway's Equinor tries again for a Japan offshore wind lease, sources say

A latecomer to offshore wind, Japan wants to build up to 45 gigawatts of capacity by 2040, which would make it a top-five offshore wind market.
Taiwan Semiconductor Manufacturing Company notified the U.S. that one of its chips had been found in a Huawei product, revealing a possible violation of export restrictions on the Chinese company.
BUSINESS / Tech
Oct 23, 2024

TSMC told U.S. of chip in Huawei product after TechInsights finding, source says

The revelation could show how difficult enforcing export controls can be for both companies making highly desired products and regulators.
The yen has resumed its declines recently against the dollar on expectations that the U.S.-Japan interest rate divergence will remain wide, posing a headache for authorities who fret of the hit to households from rising import costs from a weak yen.
BUSINESS / Economy
Oct 26, 2024

IMF sees weak yen as beneficial for Japan's economy

The IMF's Japan mission chief also urged Japan to raise rates at a gradual pace and compile supplementary budgets only when a big shock hits the economy.
Kioxia, formerly Toshiba Memory, had planned to begin production at the fab last year but has delayed that to autumn 2025.
BUSINESS / Tech
Nov 5, 2024

Kioxia sees flash memory demand almost tripling by 2028

The chipmaker, which was hammered by a downturn in the market for memory chips, is readying a major capacity expansion at its new fab.
The corporate goods price index rose 3.4% in October from a year earlier, Bank of Japan data showed, above market forecasts for a 3.0% gain.
BUSINESS / Economy
Nov 13, 2024

Japan's wholesale inflation heightens uncertainty on rate hike timing

A spike in the price of rice, coupled with the increasing cost of nonferrous metals, food and oil, pushed up overall wholesale inflation.
Takeshi Shina, an opposition lawmaker and a member of the Lower House's financial committee, has frequently summoned Bank of Japan governors, including incumbent Kazuo Ueda, to parliament for grilling on monetary policy.
BUSINESS / Economy
Nov 14, 2024

BOJ should raise rates to 1% to reverse weak yen, says CDP lawmaker

His remarks highlight how concern over the demerits of a weak yen will remain a key topic of debate among politicians.
The services producer price index rose 2.9% in October from a year earlier, the Bank of Japan data shows, accelerating from a 2.8% gain in September.
BUSINESS / Economy
Nov 26, 2024

Japan's steady corporate service inflation bolsters BOJ rate-hike view

The Bank of Japan is watching service-sector inflation for clues on whether demand-driven price gains are broadening enough to justify further raising interest rates.
The yen slumped to its weakest in level in more than two weeks on Wednesday as traders reacted to a report that BOJ officials saw little cost to waiting before raising rates.
BUSINESS / Markets
Dec 12, 2024

Danger for yen emerges with speculation BOJ may stand pat longer

A small taste of the dangers ahead came Wednesday, when the yen slumped to its weakest in level in more than two weeks.
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
BUSINESS / Companies
Dec 21, 2024

Nippon Steel alleges undue White House influence on doomed deal review

The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel, to the Committee on Foreign Investment in the United States.
A close up of EV batteries at the production unit of Inobat, a Slovakian battery maker in Voderady, Slovakia, on Dec. 11
BUSINESS / Tech
Dec 23, 2024

After Northvolt, Europe's battery hopes heavily rely on China

The norm in the future may be joint ventures that rely on China's low-margin electric vehicle battery dominance.
Minutes from the Bank of Japan's October policy meeting highlight how overseas economic risks, particularly those surrounding the new U.S. administration's policies, will be key to how soon the BOJ will hike rates.
BUSINESS / Economy
Dec 24, 2024

BOJ debated need for caution in raising rates, meeting minutes show

Contrary to its concern over external risks, the BOJ board was mostly optimistic on domestic economic conditions.
"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.
BUSINESS / Companies
Dec 24, 2024

Daiwa aims to raise wages at least 5% next year amid competition for talent

Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
Inflation in Tokyo accelerated for a second month in December, as the government temporarily phased out utility subsidies, a result that will likely support expectations of an interest rate hike next year.
BUSINESS / Economy
Dec 27, 2024

Inflation in Tokyo accelerates, keeping rate hike prospects intact

The Tokyo core consumer price index, which excludes volatile fresh food costs, rose 2.4% in December from a year earlier.
Bank of Japan Gov. Kazuo Ueda during a news conference at the central bank's headquarters in Tokyo following a BOJ policy meeting on Dec. 19
BUSINESS / Economy
Dec 27, 2024

Some BOJ policymakers called for rate hike soon, December summary shows

The Bank of Japan held interest rates steady at 0.25% at this month's meeting.
Meta CEO Mark Zuckerberg tries on a pair of Orion augmented reality glasses at the Meta Connect annual event at the company's headquarters in Menlo Park, California, on Sept. 25.
BUSINESS / Tech
Jan 8, 2025

Meta shelves fact-checking in policy reversal ahead of Trump inauguration

It plans to implement on Facebook, Instagram and Threads a system of "community notes" similar to that used on rival X.
If it is banned in the United States, TikTok plans that users attempting to open the app will see a pop-up message directing them to a website with information about the ban.
BUSINESS / Companies
Jan 16, 2025

TikTok preparing to shut down app in U.S. on Sunday, sources say

U.S. President-elect Donald Trump is reportedly considering issuing an executive order to suspend enforcement of a shutdown for 60 to 90 days.
An oil pump jack. Big U.S. oil companies believe withdrawing from the Paris Agreement only limits Washington's ability to influence an ongoing global energy transition and exposes them to an uneven regulatory environment.
BUSINESS / Companies
Jan 23, 2025

Trump's climate withdrawal creates rare discord with Big Oil

A shift in the U.S. power industry away from coal has contributed to a roughly 17% decline in U.S. carbon dioxide emissions since 2007.
Perplexity AI has revised a merger proposal submitted to ByteDance, owner of TikTok.
BUSINESS / Tech
Jan 27, 2025

Perplexity AI proposes to merge with TikTok, with U.S. government getting half, source says

The proposal calls for the U.S. government to own up to 50% of the new company upon a future initial public offering.
Talks by Honda and Nissan to create the world’s third-largest carmaker have gone haltingly since the plans were first announced in December.
BUSINESS / Companies
Feb 5, 2025

Nissan shares plunge, Honda's rise as end to merger talks reported

Shares in Nissan slid more than 4% before trade was suspended by the Tokyo Stock Exchange following the Nikkei report.
U.S. President Donald Trump speaks during a meeting with Prime Minister Shigeru Ishiba in the Oval Office of the White House in Washington on Friday.
BUSINESS / Economy
Feb 8, 2025

Trump says he will announce reciprocal tariffs on many countries next week

Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve U.S. budget problems.
Japan's gross domestic product grew by an annualized rate of 2.8% in the October-December period, far more than the 1% forecast.
BUSINESS / Economy
Feb 17, 2025

Japan’s economic boomlet continues with strong fourth-quarter growth

Gross domestic product grew 2.8% in the three months to December, compared with a median market estimate of a 1% gain.
Elon Musk's Starlink is facing challenges from a Chinese state-backed rival and another service financed by Amazon.com founder Jeff Bezos.
BUSINESS / Tech
Feb 24, 2025

Musk's Starlink races with Chinese rivals to dominate satellite internet

China's rush to occupy more of lower-Earth orbit makes Western policymakers worry it could extend the reach of Beijing's internet censorship regime.
The Chinese embrace of DeepSeek comes as governments from South Korea to Italy remove the artificial intelligence from national app stores, citing privacy concerns.
BUSINESS / Tech
Feb 25, 2025

DeepSeek rushes to launch new AI model as China goes all in

Deepseek had planned to release R2 in early May but now wants it out as early as possible.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past