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Ichibata Department Store, located in Matsue, capital of Shimane Prefecture, was the last remaining department store in the prefecture but ended its 65-year history on Jan. 14.
BUSINESS / Economy
Mar 21, 2024

More prefectures losing department stores even amid pandemic recovery

In 17 prefectures there is currently only one department store and there are none in three, set to rise to four in July.
Significantly, JAL will also buy 11 A321neos, breaking Boeing’s exclusive hold on the airline as its sole supplier of single-aisle jets.
BUSINESS / Companies
Mar 21, 2024

Japan Airlines to add 32 new Airbus planes to its fleet

The airline, a longtime Boeing customer, will also buy 10 jets from the U.S. planemaker as it expands its international network.
Hackers linked to North Korea, among the most sophisticated in the business, are showing no signs of letting up in targeting the cryptosphere.
BUSINESS / Tech
Mar 23, 2024

North Korean hackers stalk crypto startups scrimping on security

Startups strapped for cash after a prolonged funding drought have cut security spending even as soaring digital-asset prices tempt hackers.
South Korea's economy is one of the world's most advanced by many metrics but has been unable to shake its classification as an emerging market due to a host of issues, including the way its currency is managed.
BUSINESS / Markets
Mar 25, 2024

South Korea's push to make its markets global dogged by FX history

The export powerhouse is struggling to loosen the tight currency restrictions that have been a major pain point for investors and traders in the country.
Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok in 2023.
BUSINESS / Companies
Mar 25, 2024

Chinese EV makers to take center stage at Bangkok motor show

The popularity of Chinese EVs in Thailand underscores the growing challenge Japanese auto giants face in a vehicle market they have long dominated.
Nissan Motor will launch 30 new models over the next three years, including 16 electrified models.
BUSINESS / Companies
Mar 25, 2024

Nissan to launch 30 new models by 2027 and boost global sales volumes

Nissan was a pioneer in EVs but the carmaker has been eclipsed by the likes of U.S. rival Tesla and Chinese leader BYD.
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024

Bonuses at Japan's global banks underwhelm despite booming markets

Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
Lithium evaporation ponds in Silver Peak, Nevada. Global lithium demand is expected to outpace supply by 500,000 metric tons annually by 2030.
BUSINESS
Mar 26, 2024

America's lithium laws fail to keep pace with rapid development

Washington's drive to make the U.S. a major global lithium producer is being held back by a confusing mix of state regulations.
Police escort Do Kwon from court in Podgorica, Montenegro, on Saturday.
BUSINESS / Companies
Mar 26, 2024

Terraform goes on trial as Do Kwon awaits extradition in Montenegro

The trial is the latest in a series of high-profile legal confrontations in which U.S. regulators seek to assert greater control over the crypto industry.
BUSINESS / Companies
Mar 27, 2024

About 70% of firms in Japan now offer employment-linked internships

Companies in Japan were newly allowed to offer employment-linked internships starting from their recruitment drive for students graduating in spring 2025.
Those who are planning to move to new homes are finding themselves either struggling to make a reservation or facing increasingly higher costs.
BUSINESS
Mar 27, 2024

Japan's moving companies struggle to meet demand amid driver shortage

Charges have increased, even doubled, during the March-April peak moving season as a regulation capping overtime hours for drivers kicks in.
A Boeing 737 MAX aircraft. The Jan. 5 blowout incident plunged Boeing into a new crisis five years after the second of two fatal crashes grounded the MAX.
BUSINESS / Companies
Mar 28, 2024

How Boeing's leadership was 'fired' by its own customers

With Boeing's major U.S. customers calling for a meeting without CEO Dave Calhoun, the company preempted their demands with a major upheaval.
FTX co-founder Sam Bankman-Fried attends his sentencing hearing at Federal Court in New York on Thursday in this courtroom sketch.
BUSINESS
Mar 29, 2024

Sam Bankman-Fried sentenced to 25 years over FTX collapse

While there is no parole in the federal system, Bankman-Fried could be released a few years early for good behavior.
A real estate sign advertises powered data center land for sale in Johnstown, Ohio, on March 23.
BUSINESS / Tech
Mar 29, 2024

Amazon bets $150 billion on data centers required for AI boom

In addition to meeting demand for corporate services, they will provide the massive computing power needed for an expected boom in generative AI.
An electronic board shows Shanghai and Shenzhen stock indexes at the Lujiazui financial district in Shanghai on March 24.
BUSINESS / Markets
Mar 29, 2024

Chinese firms face funding drought for IPOs amid heavy scrutiny

China's securities watchdog has sharply tightened scrutiny of IPOs this year, leading to companies scrapping domestic listing plans in droves.
BUSINESS / Companies
Mar 29, 2024

'2024 problem' seen hitting regional logistics sectors hard

Overtime caps for truck drivers coupled with soaring fuel prices could put transport companies out of business, unless consignors agree to higher fees.
The OpenAI offices in San Francisco. The high-profile tech startup is allowing a small group of businesses to test a new system, Voice Engine, that is said to be able to recreate a person’s voice from a 15-second recording, OpenAI announced Friday.
BUSINESS / Tech
Mar 30, 2024

OpenAI previews new audio tool that can read text and mimic voices

All the software needs is 15 seconds of recorded audio of a person speaking to re-create their voice.
Baltimore workers and relatives attend a news conference to honor families and victims of last week's collapse of the Francis Scott Key Bridge after it was struck by the container ship Dali, in Baltimore, Maryland, on Friday. The death of six Latino workers who were fixing potholes when a Baltimore bridge collapsed highlights the crucial role immigrants play in keeping America running, say advocates.
BUSINESS / Economy / FOCUS
Mar 31, 2024

Baltimore bridge highlights role of migrants in U.S. workforce

The tragedy comes as many Latinos feel under assault as the U.S. prepares for a bitter presidential election in November.
Department store operator Takashimaya is among the big firms planning to increase hires in spring 2025, a survey shows.
BUSINESS / Companies
Mar 31, 2024

Over 30% of big firms to hire more new grads in '25, survey finds

In addition to new graduate hires, some companies are looking to hire midcareer workers to secure talent amid fierce competition.
The Bank of Japan's tankan survey showed that large nonmanufacturers saw improvement in their sentiment with the index reaching the highest level since 1991, helped by a surge in inbound tourists.
BUSINESS / Economy
Apr 1, 2024

Japan service firms’ optimism tempered by softer factory sector

The deterioration in manufacturing sentiment partly reflects the impact from scandals among some vehicle producers.
The Alphabet unit allegedly surreptitiously collected user browsing data when they were in "incognito" mode.
BUSINESS / Companies
Apr 2, 2024

Google agrees to delete web browsing data as it settles ‘incognito’ lawsuit

The case, filed in 2020, alleged that Google surreptitiously collected user's browsing history when they were in "incognito" mode.
The European Commission has been investigating Microsoft's tying of Office and Teams since 2020.
BUSINESS / Companies
Apr 2, 2024

Microsoft to separate Teams and Office globally amid antitrust scrutiny

The company started selling the two products separately in the EU and Switzerland on Oct. 1 last year.
A customer walks past a display for Nintendo's Super Mario at an electronics store in Tokyo on Jan. 12. Last year, Nintendo increased salaries, in part to be competitive with other studios.
BUSINESS
Apr 2, 2024

Japan’s game industry weathers the storm amid layoffs worldwide

The country's studios are actually scrambling to attract and retain talent — a state of affairs that is symptomatic of the nation’s demographic challenges.
Ride-sharing apps on a smartphone. Since Monday, users have technically been able to hail private vehicles through such apps, but only in specific areas and at certain times.
BUSINESS / EXPLAINER
Apr 2, 2024

Japan has started private ride-hailing services. Here’s how they work.

Private drivers can only be called during times of high demand and in certain areas.
Tim Cook, CEO of Apple, during the Apple Worldwide Developers Conference in Cupertino, California, on June 5, 2023
BUSINESS / Companies
Apr 4, 2024

Apple shifts focus from EV to home robotics as ‘next big thing’

Apple’s pursuit of the "next big thing” has been an obsession since the Steve Jobs era, but it’s hard to envision a product that could match the iPhone.
Assembly engineers work on a lithography system at ASML in Veldhoven, Netherlands in June.
BUSINESS / Tech
Apr 5, 2024

Targeting Chinese chips, U.S. to push Dutch on ASML service contracts

The U.S.' export policy chief is set to meet in the Netherlands next Monday with officials from the Dutch government and ASML.
A Wheeling-Nippon Steel facility in in Follansbee, West Virginia. Four senior Japanese officials speaking on condition of anonymity said it is still premature to declare the deal dead.
BUSINESS / Companies / ANALYSIS
Apr 5, 2024

Why Japan is not giving up on fraught U.S. Steel deal

Four senior Japanese officials speaking on condition of anonymity said it is still premature to declare the deal dead.
Mercuria Energy Group is gearing up to engage in physical power trading in Japan.
BUSINESS / Companies
Apr 5, 2024

Mercuria joins trader push into Japan’s spot electricity market

That follows moves by other European energy companies, including BP and Engie, to expand in one of the biggest power-consuming nations.
A Tesla Model 3 vehicle drives using FSD (Full Self-Driving) in Encinitas, California, in October.
BUSINESS / Companies / ANALYSIS
Apr 6, 2024

Tesla's bet on robotaxis is a long way from paying off

A greater emphasis on robotaxis comes with more risk for Tesla due to the complexity of the technology involved, analysts said.
Artificial intelligence is peering into restaurant garbage pails and crunching grocery-store data to try to figure out how to send less uneaten food into dumpsters.
BUSINESS / Tech
Apr 6, 2024

AI is spying on the food we throw away

The tech is being used to try to reduce the amount of uneaten food that ends up in dumpsters.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years