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August 11, 2025
 

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Fast Retailing’s November-ending quarter may have seen operating profit growth soften as warmer autumn-winter temperatures dented sales, even with the backdrop for consumer spending in Japan looking promising.
BUSINESS / Companies
Jan 3, 2025

Uniqlo and 7-Eleven face sales headwinds despite brighter consumer spending

Uniqlo parent Fast Retailing and Seven & i Holdings are among the first to kick off this earnings season in Asia.
U.S. President Joe Biden decided Friday to block the proposed $14.9 billion purchase of U.S. Steel by Japan's Nippon Steel, with the firms blasting the decision, calling it a "clear violation of due process" and a political move, and vowing to "take all appropriate action" to protect their legal rights.
BUSINESS / Companies
Jan 4, 2025

Biden blocks Nippon Steel’s $14.1 billion takeover of U.S. Steel

The two firms blasted the decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" in response.
A 2024 Toyota Prius Prime during the 2024 New York International Auto Show in New York last March
BUSINESS / Companies
Jan 4, 2025

U.S. new car sales rose to five-year high in 2024, helped by hybrids

Sales continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles.
Meiji Yasuda Life Insurance headquarters in Tokyo
BUSINESS / Companies
Jan 4, 2025

Meiji Yasuda girds to be more daring in global M&A hunt

The firm’s ambitions reflect bold moves also being made by many of its local rivals, all hunting for growth outside of the country.
U.S. Steel's Edgar Thomson Steel Works in Braddock, Pennsylvania, in December 2019. The Biden administration blocked the $14 billion takeover of U.S. Steel by Nippon Steel on Friday, citing grounds that the sale posed a threat to national security.
BUSINESS / Companies / FOCUS
Jan 5, 2025

Biden’s decision on Nippon Steel deal followed divide in his orbit

The split was emblematic of so many shifts in U.S. policy — including of Biden’s pledge to build trust with allies and the race against China.
This undated handout picture courtesy of Blue Origin shows the New Glenn rocket during a successful integrated vehicle hotfire at Launch Complex 36 (LC-36) at Cape Canaveral Space Force Station in Florida.
BUSINESS / Companies
Jan 6, 2025

Bezos' Blue Origin poised for first orbital launch

The NG-1 mission will carry a prototype of Blue Ring, a Department of Defense-funded spacecraft envisioned as a versatile satellite deployment platform.
Retirees dance at a park in Beijing
BUSINESS
Jan 6, 2025

Singapore hospital operator targets wealthy boomers in China

The company is building similar projects in major Chinese cities, investing 31 billion yuan in medical and eldercare.
Nissan's Ariya electric crossover sport utility vehicle on the production line at the company's plant in Kaminokawa, Tochigi Prefecture
BUSINESS / Companies
Jan 7, 2025

Japan’s carmakers vow closer ties to regain ground in China

Japan’s automakers are united in their struggle to regain ground they’ve lost to the flashy offerings that have turned China into a global EV superpower.
Prototypes for Honda 0 Series EVs, set to launch in 2026, were revealed on Tuesday in Las Vegas.
BUSINESS / Companies
Jan 8, 2025

Honda showcases U.S.-made EVs as it considers slowing investments

The firm plans to introduce 30 new electric vehicles globally by 2030.
Jensen Huang, co-founder and CEO of Nvidia, speaks during the 2025 CES event in Las Vegas on Monday.
BUSINESS / Tech
Jan 8, 2025

Nvidia slides after unveiling leaves investors wanting more

Though Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought.
Tencent, China’s most valuable company, is seen as a pioneer in China’s internet and private sector, creating a so-called everything app that Elon Musk has held up as a model for X.
BUSINESS / Tech
Jan 8, 2025

U.S. blacklist of China’s tech giants risks even faster decoupling

The move, which experts say could backfire on Washington, comes amid an intensifying tech rivalry between the two countries.
Social media giant Meta slashed its content moderation policies on Tuesday, including ending its U.S. fact-checking program, in a major shift that conforms with the priorities of incoming president Donald Trump.
BUSINESS / Tech
Jan 8, 2025

Big Tech rolls out the red carpet for Trump ahead of his inauguration

Since the November election, a stream of senior moguls have traveled to meet with Trump at his Florida estate.
The Tokyo Stock Exchange wants companies to improve governance and performance.
BUSINESS / Markets
Jan 8, 2025

As standards rise, Tokyo Stock Exchange delistings hit decade high

A total of 94 companies were delisted from the Tokyo exchange in 2024, the highest number since it merged with the Osaka Securities Exchange in 2013.
A potential foreign acquisition of Japanese retail giant Seven & I would be "heavily related" to national security, Japan's economy minister Ryosei Akazawa said on Wednesday.
BUSINESS
Jan 8, 2025

Japan flags foreign takeover of 7-Eleven owner as a security issue

His public comment is the first by a senior Japanese official over security issues raised by a $47 billion buyout offer by Canada's Alimentation Couche-Tard.
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada on Monday.
BUSINESS / Tech
Jan 9, 2025

Biden to further limit AI chip exports in final push

The regulations would create three tiers of chip trade restrictions, granting full access to allies, limited access to most of the world and virtually no access to adversaries.
According to NHK's budget for fiscal 2025, the public broadcaster will post a deficit of ¥40 billion in the year from April.
BUSINESS / Companies
Jan 9, 2025

NHK to be in the red for third straight year after viewing fee cut

The public broadcaster is set to post a deficit of ¥40 billion in the year from April.
Firms in Japan are becoming more proactive to fend off global rivals and activist investors showing renewed interest in the country after decades of stagnant growth.
BUSINESS / Companies
Jan 9, 2025

Japan’s ¥36.4 trillion M&A boom expected to grow as activist investors circle

Firms are becoming more proactive to fend off global rivals and activist investors showing renewed interest in the country after decades of stagnant growth.
A visitor holds a ¥1,000 banknote to offer a prayer on the first business day of the year at the Kanda Myojin shrine in Tokyo on Monday. The yen has declined against the dollar for four straight years amid a wide gap between interest rates in Japan and the United States.
BUSINESS / Markets
Jan 10, 2025

Yen intervention risk creeps higher as U.S. jobs report approaches

The yen is within reach of ¥160 per dollar, a breach of which would increase concern about the weak currency’s impact on business and consumers.
Apollo Global Management is discussing a commitment of as much as ¥1.5 trillion for an equity stake in a bid by Seven & I’s founding Ito family to take the convenience store operator private.
BUSINESS / Companies
Jan 10, 2025

Apollo weighs $9.5 billion stake in Seven & I management buyout

Under the current proposal, Apollo would join the Ito family and Itochu, the operator of FamilyMart in Japan, as key investors.
The record high reflected strong corporate demand for working capital amid rising raw materials prices and the yen's weakening, as well as brisk capital investment mainly by large companies.
BUSINESS / Economy
Jan 11, 2025

Japan bank lending hits record high at end of 2024

Outstanding bank lending in Japan stood at a record high of ¥605.8 trillion at the end of 2024, up 4.4% from a year before, according to industry data.
The exterior of a blast furnace building run by Nippon Steel in Kashima, Ibaraki Prefecture.
BUSINESS / Companies
Jan 12, 2025

U.S. delays enforcement of order blocking Nippon Steel-U.S. Steel deal

The delay will give the courts time to review a legal challenge brought by parties earlier this month against Biden's order.
Toyota is one of many large employers in the U.S. ordering workers to their desks in recent months, ending policies implemented during the COVID pandemic.
BUSINESS / Companies
Jan 14, 2025

Toyota wants salaried staff back in office four days a week

Toyota denied the move is designed to reduce headcount but warned failure to comply could lead to "termination of employment.”
Bank of Japan Deputy Gov. Ryozo Himino has said that the central bank will raise rates if its outlook continues to be realized.
BUSINESS
Jan 14, 2025

BOJ deputy chief signals chance of rate hike next week

Most BOJ watchers see an interest rate hike coming in either January or March.
Elon Musk, left, with Vivek Ramaswamy on Capitol Hill in Washington on Dec. 5.
BUSINESS / Tech
Jan 15, 2025

SEC accuses Elon Musk of bilking Twitter investors out of millions

The agency’s complaint accuses Musk of failing to promptly report that he had amassed more than 5% of the social media platform’s stock in early 2022.
In only two days, more than 700,000 new users joined Xiaohongshu, also known as RedNote, a person close to the company said.
BUSINESS / Tech
Jan 15, 2025

Over half a million ‘TikTok refugees’ flock to China's RedNote app

In only two days, more than 700,000 new users have reportedly joined Xiaohongshu, a popular networking app known for lifestyle content and product recommendations.
Lawson and FamilyMart enjoyed net profit increases in the March-November 2024 period, while Seven & I Holdings suffered a sharp deterioration in its bottom line, according to their latest earnings reports.
BUSINESS / Companies
Jan 16, 2025

Lawson and FamilyMart enjoy net profit growth in March-November

FamilyMart's net profit went up 62.4% to ¥80 billion because of special profit from a realignment of Chinese operations.
A Blue Origin New Glenn rocket streaks into orbit after launching from the Kennedy Space Center on its maiden flight, at Cape Canaveral, Florida on Thursday.
BUSINESS / Tech
Jan 16, 2025

Blue Origin rocket lifts off in major test in SpaceX rivalry

The firm's new flagship rocket thundered off the launch pad at Cape Canaveral, Florida at 2:03 a.m. local time on Thursday.
The U.S. Supreme Court has signaled it's likely to uphold a law that would ban TikTok in the U.S. if it isn't sold by its Chinese parent company by Jan. 19. U.S. politicians in both major parties, however, are seeking ways to keep the video-sharing app accessible for Americans.
BUSINESS / Companies
Jan 16, 2025

TikTok allies close to Trump and Biden race to delay ban

The app, owned by China’s ByteDance Ltd., faces a deadline of Jan. 19 to find a U.S. buyer in order to continue operating in the country.
Nintendo said it will reveal its next-generation Switch 2 on April 2, setting in motion the retirement of the nearly eight-year-old flagship model.
BUSINESS / Companies
Jan 17, 2025

Nintendo hopes to reprise blockbuster Switch with 2025 successor

It will host several "Nintendo Switch 2 Experience" events in major cities around the world from April 4 to give gamers an opportunity to test the new console.
A message welcoming users back and thanking U.S. President-elect Donald Trump is displayed on the TikTok app on a smartphone Sunday.
BUSINESS / Tech
Jan 20, 2025

TikTok restoring U.S. service after Trump says he will stall ban

Trump said he would "extend the period of time before the law's prohibitions take effect, so that we can make a deal to protect our national security."
Tokyo’s WWII museums hold diverse views on war and peace
A carrier-based Type 52 Zero fighter marks the entrance foyer of Yasukuni Shrine's Yushukan, a museum that tells a more nuanced story of Japan's experience in World War II than the controversies around the shrine might suggest.
Japan starts survey on foreign nationals' unpaid resident taxes
In the most recent regular session of parliament, problems were highlighted regarding some foreign workers leaving Japan without paying outstanding taxes.
Summer bonuses at major Japan firms hit record
The fourth consecutive year of increase came after many firms raised their monthly wages this spring and as a result of solid earnings mainly among manufacturers.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Weather agency warns of landslides and flooding in Kyushu as heavy rain continues
An embankment on the Amikake River that collapsed due to heavy rain in Aira, Kagoshima Prefecture, on Friday. Downpours continued in the Kyushu region over the weekend.
At Himawari Shokudo 2, Italian food with a Japanese soul
At Himawari Shokudo 2, chef Hozumi Tanaka serves Italian-inspired fare with a focus on Toyama produce, such as this appetizer of lightly blanched "hotaru ika" (firefly squid) served atop mixed wild plants and a crepe prepared from "yamato-imo" yam.
Cheer with caution: Expert advises sports fans have game plan for extreme heat
A Cardinals fan fans himself during the seventh inning of a game against the Pirates in St. Louis, Missouri, in June 2022.
Australia's warship selection signals Japanese defense industry's arrival
The Maritime Self-Defense Force's Mogami-class frigate. Australia's selection of an upgraded version of the Mogami-class warship for its next frigate class could prove to be a watershed moment for Japan’s defense industry.
Japan's inheritance tax is high, unforgiving and sometimes avoidable
The National Tax Agency at the Ministry of Finance, Kasumigaseki, Tokyo. Japanese tax authorities can bill foreign residents in Japan for assets inherited globally.
Will the movement seeking Ishiba’s resignation succeed?
Liberal Democratic Party youth division head Yasutaka Nakasone (center) and other members speak to reporters in Tokyo on July 25.

Podcast

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

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person
By Naoko Abe

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