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JAPAN / Politics / ANALYSIS
Oct 23, 2023

In blow to Kishida, LDP loses one of two seats in by-elections

An independent candidate backed by the opposition won in the Tokushima-Kochi Lower House race, while the LDP pick won in the Nagasaki Upper House poll.
Members of the Ground Self-Defense Force disembark from a CH-47 Chinook helicopter during a live fire exercise in Gotemba, Shizuoka Prefecture, in May 2022.
COMMENTARY / Japan
Oct 23, 2023

Kishida's proposed tax cuts put higher defense spending on hold

The plan to raise defense spending partly through tax hikes has been put on ice. In fact, it was never likely to deliver fast results.
Kokusai Electric's technology and manufacturing center in the city of Toyama
BUSINESS / Companies
Oct 25, 2023

Kokusai Electric shares jump 28% in Tokyo debut

The stock closed at ¥2,350, valuing the company at ¥541.5 billion as investors grabbed shares following the IPO.
Chinese Navy's nuclear-powered submarine Long March 11 takes part in a naval parade off the eastern port city of Qingdao, China, in 2019.
ASIA PACIFIC / Politics / ANALYSIS
Oct 25, 2023

China launching new submarines with guided-missile capabilities

A new Pentagon report confirms that modified vessels seen in Chinese shipyards over the last 18 months are Type 093B guided missile submarines.
The simplest option for many Japanese industries facing labor shortages might be to do what the taxi sector is doing — keep people in the workforce longer.
COMMENTARY / Japan
Oct 26, 2023

Octogenarian taxi drivers to the labor-crunch rescue

An option for many Japanese industries facing labor shortages might be to do what the taxi sector is doing — keep people in the workforce longer.
Li Keqiang, former Chinese premier and head of China's Cabinet, served under President Xi Jinping for a decade from 2013, retiring in March.
ASIA PACIFIC / Politics
Oct 27, 2023

Li Keqiang, the former No. 2 to Xi Jinping, dies at 68

The former Chinese premier had found himself overshadowed by Xi's expanding grip on power.
Great Wall Motor's Ora Good Cat electric vehicles are charged at the company's charging station at Siam Square in Bangkok
BUSINESS / Economy
Oct 27, 2023

Thailand bets on EVs to draw trillion baht in investment

The country has set up a "special operation” center to catch what its investment board head calls the "big fish” of the EV industry.
South Africa's Malcolm Marx scores a try during a Rugby World Cup warmup game against New Zealand in London on Aug. 25.
MORE SPORTS / Rugby
Oct 30, 2023

Injured Springbok Marx to miss Japanese club season

Marx, 29, was forced to leave the Springboks' World Cup-winning squad after only one game in France following an injury to his knee during training.
Bungie, the Sony-owned game studio behind Destiny 2, has cut an undisclosed number of staffers amid restructuring of Sony's video game operations.
BUSINESS / Companies
Oct 31, 2023

Sony’s Bungie game unit cuts staff following delayed titles

Sony, which purchased Bungie in early 2022 for $3.6 billion, has been cutting staff across its PlayStation division this year, in part due to delays.
JAPAN
Nov 3, 2023

Kansai Electric applies to run Takahama reactor beyond 50th year

The No. 1 reactor at the plant in Fukui Prefecture is the oldest active reactor in Japan, having been commissioned in November 1974.
U.S. President Joe Biden boards Air Force One at Joint Base Andrews in Maryland on Friday.
BUSINESS / Economy
Nov 4, 2023

Biden jabs at China 'debt-trap diplomacy’ at Americas summit

In a summit with other Western Hemisphere leaders, Biden cast the U.S. approach as a healthier alternative for countries seeking global investment.
A solar farm at the University of California in Merced
ENVIRONMENT / Energy
Nov 5, 2023

U.S. solar panel manufacturing boom threatened by cheap imports

Global solar panel prices have collapsed due to a wave of new Asian production capacity in recent months.
Singapore Prime Minister Lee Hsien Loong attends an Association of Southeast Asian Nations Summit in Jakarta in September.
ASIA PACIFIC / Politics
Nov 5, 2023

Singapore’s prime minister to step aside before next polls

Lee Hsien Loong has been leader for almost two decades and the People’s Action Party has long telegraphed a power transition.
Fujio Mitarai, chief executive officer of Canon, during an interview in Tokyo on Oct. 30
BUSINESS / Companies
Nov 6, 2023

Canon’s chipmaking technology promises advanced chips for less

The Tokyo-based firm’s new nano-imprint technology could open doors for smaller semiconductor manufacturers.
NTT plans to test driverless vehicle technology with Toyota and invest in a U.S. startup.
BUSINESS / Companies
Nov 7, 2023

NTT to test driverless tech with Toyota and invest in U.S. startup

NTT aims to start tests with autonomous buses and taxis as early as 2025 and invest about ¥10 billion ($66.91 million) in U.S. startup May Mobility.
Prime Minister Fumio Kishida's approval ratings have dropped significantly with his economic stimulus package being met with disapproval.
COMMENTARY / Japan
Nov 7, 2023

Kishida is so unpopular, he can't even give money away

Kishida has seen his popularity plummet as his tax rebate leaves residents with the impression that it’s just a cynical ploy to win votes.
A Nissan auto dealership in the Botafogo neighborhood of Rio de Janeiro, Brazil. The firm hopes to more than double its market share in Brazil, to 7% from the current 3.4% in 2026.
BUSINESS / Companies
Nov 8, 2023

Nissan to invest $575 million in Brazil as it aims to double share

Nissan hopes to more than double its market share in Brazil, to 7% from the current 3.4% in 2026.
Defense Minister Minoru Kihara and British counterpart Grant Shapps review an honor guard ahead of a bilateral meeting at the Defense Ministry in Tokyo on Tuesday.
JAPAN / Politics
Nov 8, 2023

Japan and Britain to ramp up security cooperation

Following talks held in Tokyo, the nations' ministers said in a joint statement that they aim to boost military coordination and interoperability.
Pedestrians and shoppers walk past a branch of fashion retailer H&M in central Stockholm on July 17.
BUSINESS / Companies
Nov 9, 2023

Sustainable cloth-maker Renewcell struggling amid slow adoption

Stock in Renewcell lost over 80% of its value in the last month and the firm has reported an operating loss of $17 million in nine months.
Sony Group has raised its full-year outlook after its media divisions outperformed.
BUSINESS / Companies
Nov 9, 2023

Sony raises sales and profit outlook as media helps offset mobile

The adjustments suggest resilient consumer spending and a weaker yen are stabilizing the business.
JAPAN / Politics
Nov 9, 2023

Kishida rules out snap election amid record low popularity

The prime minister has once again ruled out a snap election as he faces record low popularity ratings and growing criticism from within his own party.
PODCAST / deep dive
Nov 9, 2023

Japan’s 'four-eyed tax hiker' and the curse of Colonel Sanders

Baseball writer Jason Coskrey and editor Joel Tansey discuss the Hanshin Tigers’ Japan Series victory; Gabriele Ninivaggi explains how the prime minister hopes to get a home run with his tax plan.
A union team captain reacts after SAG-AFTRA approved a tentative agreement with the Alliance of Motion Picture and Television Producers (AMPTP) to bring an end to the 118-day actors strike, at a brewery in Los Angeles on Wednesday.
BUSINESS / Companies
Nov 9, 2023

Hollywood actors reach tentative deal with studios to end strike

The deal also provides protections against unauthorized use of images generated by artificial intelligence.
Thai Prime Minister Srettha Thavisin at the Thailand Economic Outlook conference in Bangkok in October
ASIA PACIFIC / Politics
Nov 9, 2023

Thailand’s 'salesman' PM travels the world to court investments

Srettha Thavisin is acting as Thailand’s chief salesman, enticing tourists, investors and anything or anyone that can support the nation’s growth.
Germany, which likely plays a key role in determining Europe’s China strategy, unveiled its 64-page strategy on China on July 13.
COMMENTARY / World / Geoeconomic Briefing
Nov 14, 2023

Germany’s China strategy is epoch-making but ambiguous

While attempting to protect its interests, Berlin has had to deal with business circles attempting to avoid damaging ties with Beijing.
As of the end of March 2022, only 48% of all water pipes in Tokyo were quake-proof.
JAPAN
Nov 16, 2023

Tokyo to install quake-resistant pipe joints to avoid water outages

As of the end of March 2022, only 48% of all water pipes in Tokyo were quake-proof.
Au Pay offers points for each transaction up to ¥250,000, with users receiving reward points.
JAPAN / Crime & Legal
Nov 10, 2023

Six arrested in ¥171 million au Pay points scam

The store owner is believed to have been recruiting people on social media to cooperate with him on the fake transactions.
Japanese state-backed fund INCJ has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics.
BUSINESS / Companies
Nov 10, 2023

Japan fund INCJ sells ¥279 billion of Renesas shares

The shares have primarily been sold to overseas institutional investors, INCJ said.
BUSINESS / Companies
Nov 13, 2023

E-scooter startup wins over Japanese regulators who confounded Uber

Tokyo-based Luup controls more than 90% of the country’s shared e-scooter market in terms of ride mileage, based on government-compiled data.
JAPAN / Politics
Nov 13, 2023

State minister of finance resigns in further blow to Kishida

Kenji Kanda submitted his resignation after admitting that his firm had failed to pay fixed asset taxes.

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