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May 02, 2025
 

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The IFC One Saigon building in Ho Chi Minh City, Vietnam, on Nov. 30, 2023
BUSINESS / Tech
Nov 4, 2024

U.S. tech firms issue warning over Vietnam's planned data law

The country is aiming to exponentially increase its data center industry with foreign investment in coming years.
People line up outside an Apple store in Beijing on Sept. 20.
BUSINESS / Markets
Nov 4, 2024

Buffett keeps cutting Apple stake, with value down 60% this year

Berkshire cut its Apple holdings by roughly 25% in the period, after cutting it by almost half in the second quarter.
A screen showing the yen's exchange rate against the U.S. dollar in July
BUSINESS / Economy
Nov 5, 2024

Yen is the first of many Japanese assets set to pivot on U.S. election

Given the size and liquidity of its markets, Japan will be in particular focus during the U.S. election.
In the April-September period, Nintendo logged net profit of ¥108.7 billion ($710 million), down 60% from the same period a year earlier.
BUSINESS / Companies
Nov 5, 2024

Nintendo lowers sales forecast as first-half profits plunge

The video game giant now expects sales of ¥1.28 trillion, down from the previous estimate of ¥1.35 trillion, and also issued a less optimistic operating profit forecast.
Seiji Izumisawa, the CEO of Mitsubishi Heavy Industries, said at a briefing that while currency fluctuations and inflation make the future unpredictable, strong order intakes are encouraging.
BUSINESS / Companies
Nov 5, 2024

Mitsubishi Heavy net income falls, but orders still solid

Shares in the company fell 2.5% Tuesday after it reported that net income for the June-September period failed to meet analysts’ average estimate.
The film character Godzilla poses on the red carpet during a ceremony to receive a star on the Hollywood Walk of Fame in Hollywood, California, in November 2004.  
COMMENTARY
Nov 6, 2024

After nearly three-quarters of a century, Godzilla’s monstrous empire is thriving

The famed Japanese monster went from serious metaphor for nuclear destruction to a kitschy pop culture icon.
Republican presidential nominee and former U.S. President Donald Trump attends a campaign rally in Warren, Michigan, on Nov. 1.
WORLD
Nov 6, 2024

White House win gives Trump a legal reprieve

As U.S. president, the 78-year-old Trump can make the federal criminal cases facing him vanish and see the state cases put on hold.
Tesla and SpaceX CEO Elon Musk gestures as he steps on stage during a rally for former U.S. President and then-Republican presidential candidate Donald Trump in New York on Oct. 27
BUSINESS / Companies
Nov 7, 2024

What Trump's re-election means for Elon Musk

Trump has vowed to give Musk an official role cutting government spending — and with it, the power to influence policy and the federal agencies.
U.S. President Donald Trump signs one of five executive orders related to the oil pipeline industry in the Oval Office of the White House in Washington on Jan. 24, 2017.
BUSINESS / Markets
Nov 7, 2024

From oil to EVs, here’s how Trump’s victory affects energy

The prospect of a Trump-era pullback from some policies promoting emission-free energy has already helped spark a slide in shares of renewable power firms.
Bank of Japan Gov. Kazuo Ueda attends a post-policy meeting news conference at the central bank's headquarters in Tokyo on Oct. 31.
BUSINESS / Economy
Nov 7, 2024

Trump victory might give Bank of Japan some room to maneuver

The Bank of Japan has been under pressure to keep monetary policy accommodative given the state of the economy and the tentativeness of the recovery.
Japan spent ¥3.17 trillion on dollar-selling intervention on July 11 and ¥2.37 trillion on July 12, quarterly data from the Finance Ministry showed on Friday.
BUSINESS / Markets
Nov 8, 2024

Japan intervened twice last quarter to bring yen below ¥160

The Finance Ministry intervened on July 11 and 12, spending ¥3.17 trillion and ¥2.37 trillion respectively to prop up the yen.
Tomoki Arai, head of markets at Bank of Yokohama
BUSINESS / Companies
Nov 8, 2024

Bank of Yokohama weighs Japan bond comeback with more rate hikes to come

More financial institutions are weighing a return to local debt after years of investing abroad.
NAND flash memory maker Kioxia plans to use a new method for listing in Japan that would fast-track its oft-delayed initial public offering. Both the price and size of the stake to be floated were undecided, according to a filing Friday.
BUSINESS / Tech
Nov 9, 2024

Kioxia files for long-delayed IPO as Samsung’s lead grows

The NAND flash memory maker plans to debut on the Tokyo Stock Exchange between this December and June next year.
Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Asheville, North Carolina, in August.
BUSINESS / Economy
Nov 9, 2024

Scott Bessent, top candidate for Treasury Secretary, meets with Trump

The Treasury Secretary job is a key Cabinet position, with vast influence over economic, regulatory and international affairs.
A pedestrian on a bridge walks past buildings in Pudong's Lujiazui Financial District in Shanghai on Jan. 9.
BUSINESS / Companies
Nov 10, 2024

Foreign firms pull more money from China’s slowing economy

Should the decline continue for the rest of the year, it would be the first annual net outflow in FDI since at least 1990, when comparable data begins.
Chinese President Xi Jinping and Indonesian President Prabowo Subianto shake hands during a signing ceremony at the Great Hall of the People in Beijing on Friday.
BUSINESS / Tech
Nov 11, 2024

China and Indonesia ink $10 billion deals on green energy and tech

President Prabowo Subianto also chose China for his first visit as president elect, underscoring Jakarta's commitment to stronger strategic ties with Beijing.
A Toyota Motor Lexus LF-ZC electric concept vehicle at the Beijing Auto Show in April
BUSINESS
Nov 11, 2024

Toyota aims to ramp up China production in a strategy pivot

The plan represents a strategic pivot by the world's top selling automaker in the world's largest car market.
A sign outside JP Morgan Chase & Co. offices in New York in 2021
BUSINESS
Nov 11, 2024

JPMorgan braces for ‘impactful’ first two years of Trump

Optimism has been high that Donald Trump’s pro-growth promises, built around tax cuts and deregulation, will unlock another round of gains in the economy.
Taiwan Semiconductor Manufacturing Co.'s JASM plant in Kikuyo, Kumamoto Prefecture, on Sept. 13
BUSINESS / Tech
Nov 11, 2024

Japan unveils ¥10 trillion plan to aid domestic chip industry

The plan, which will provide the support by fiscal 2030, comes as countries look to strengthen control over their chip supply chains.
Seven & I Holdings has closed its convenience stores in Israel.
BUSINESS / Companies
Nov 13, 2024

Seven & I closes all eight convenience stores in Israel

Seven & I opened its first convenience store in Israel in January last year.
Jensen Huang (left), co-founder and CEO of Nvidia, and Masayoshi Son, chairman and CEO of SoftBank Group, during a fireside chat at the Nvidia AI Summit Japan on Wednesday
BUSINESS / Companies
Nov 13, 2024

SoftBank plans first supercomputer with Nvidia Blackwell chips

Nvidia’s chips have become a prized commodity for the world’s biggest tech companies, which use the components to develop and run AI models.
Mizuho Financial CEO Masahiro Kihara during a news conference in Tokyo on Nov. 14
BUSINESS / Companies
Nov 14, 2024

Japan’s biggest banks raise profit goals, unveil buybacks

Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group now project a combined ¥3.7 trillion ($24 billion) in profit this fiscal year.
The streets of Suzu, Ishikawa Prefecture, in October show that the city is still struggling from the aftermath of the Jan. 1 earthquake and heavy rain in September.
BUSINESS / Economy / FOCUS
Nov 15, 2024

Japan faces urgent need to boost state finances for emergencies

If a major earthquake were to strike directly beneath Tokyo, the projected damage would total around ¥107.5 trillion.
Chinese leader Xi Jinping reviews an honor guard upon his arrival for the Asia-Pacific Economic Cooperation forum in Callao, Peru, on Thursday.
BUSINESS / Economy
Nov 16, 2024

Xi seizes role as global defender of free trade against Trump

China’s leader warned on Friday that the global economy was fracturing as protectionism spreads, leading to "severe challenges.”
A screen displays trading information about the shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York on March 26.
BUSINESS / Markets
Nov 18, 2024

Truth Social and late calls take over economists’ lives under Trump

The end goal for economists is to produce accurate forecasts to help traders, businesses and governments navigate the new chaotic world.
Masahide Endo, chief consultant at Daiwa Institute of Research noted that Alimentation Couche-Tard's bid for Seven & I Holdings had spawned a sense of crisis in other industries over sudden takeover proposals.
BUSINESS / Economy
Nov 18, 2024

Japanese companies increasingly targeted in foreign M&A bids

The total value of inbound acquisitions from overseas is up about 3.7 times year on year.
Bank of Japan Gov. Kazuo Ueda said the timing of the central bank’s next policy adjustment will depend on the economy and prices during a speech in Nagoya on Monday.
BUSINESS / Economy
Nov 18, 2024

Yen weakens after Ueda’s caution on BOJ rate hike hints

The yen weakened as much as 0.5% to ¥155.14 against the dollar as Ueda’s comments proved less hawkish than some market participants had expected.
A Sardinian miner helmet, painted with the logo of Sardinia region, in Carbonia, west of Cagliari, Italy. Sardinia relies largely on coal for its electricity.
BUSINESS / Markets
Nov 18, 2024

Locals revolt against renewables in Italy's coal-fired island, Sardinia

The island a prime location for wind and solar power but intense investor interest has spooked locals who say Sardinia is being exploited.
Sam Altman, CEO of ChatGPT maker OpenAI, joins a growing list of former tech leaders taking roles in San Francisco's government.
BUSINESS / Tech
Nov 19, 2024

San Francisco taps OpenAI's Sam Altman for leadership role

The head of the artificial intelligence company behind ChatGPT was named by San Francisco Mayor-elect Daniel Lurie as one of seven co-chairs of his transition team.
A view inside Beijing Daxing International Airport. Japanese nationals could soon visit China without a visa for up to 15 days, according to reports.
BUSINESS / Economy
Nov 19, 2024

China may soon resume visa exemptions for Japanese nationals, reports say

The news comes as the two countries work toward mending fences after a period of tension and in the face of rising protectionist threats.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
Israel protests after Kyoto inn seeks war crime declaration from tourist
A street in Kyoto in March 2023. An Israeli tourist was asked to sign a document stating that he had not committed war crimes when he checked in at a Kyoto guesthouse in April, prompting a response from Israel's ambassador.
U.S. and Ukraine sign resources deal after fraught negotiations
The United States and Ukraine signed a minerals deal on Wednesday, offering a measure of assurance to officials in Kyiv.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
CDP submits bill proposal on separate surnames, but challenges remain
Constitutional Democratic Party of Japan lawmakers speak to reporters in parliament on Wednesday after submitting a bill in the Lower House to allow married couples to retain different surnames.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
North Korea's Kim sets sights on nuclear-armed navy
An unidentified weapons system is fired from the deck of North Korea's latest destroyer, the Choe Hyon, during two days of tests on Monday and Tuesday in this undated photo released Wednesday.
Single, or not? Japanese dating app launches relationship verification system
Tapple, one of Japan's most popular dating apps, has launched the nation's first feature to verify a user's single status via their My Number card.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.

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One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
By Alex K.T. Martin

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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