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The Osaka tax bureau found ¥1.3 billion in unreported income as Kawasaki Heavy Industries pooled funds through fictitious transactions related to repair contracts for MSDF submarines.
BUSINESS / Companies
Apr 8, 2025

Kawasaki Heavy hit with ¥1 billion in back taxes over MSDF scandal

The defense contractor was found to have wined and dined Maritime Self-Defense Force personnel.
A chemical plant in Mie Prefecture. The number of business failures linked to soaring labor costs and labor shortages increased 1.6 times to 309, the highest since fiscal 2013.
BUSINESS / Companies
Apr 8, 2025

Japan bankruptcies in fiscal 2024 hit 11-year high

The result reflected a surge in the number of bankruptcies due to labor shortages, particularly among small and midsize companies, and rising prices.
A woman looks at cranes and shipping containers from an observation platform at Pyeongtaek port in Pyeongtaek, South Korea, on April 2.
BUSINESS / Markets
Apr 9, 2025

Trump optimistic after call about tariffs with South Korea

South Korea's trade minister is traveling to Washington to meet U.S. Trade Representative Jamieson Greer for tariff negotiations.
Taiwan Semiconductor Manufacturing Company (TSMC) signage on the floor of the New York Stock Exchange on Monday. TSMC could face a penalty of $1 billion or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei artificial intelligence processor,
BUSINESS / Tech
Apr 9, 2025

TSMC could face $1 billion or more fine from U.S. probe, sources say

The penalty is to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei artificial intelligence processor.
Seven & I Holdings released forecasts for this year's operating profit and revenue that are lower than analysts' estimates.
BUSINESS / Companies
Apr 9, 2025

Seven & I’s guidance miss adds to pressure amid takeover bid

Seven & I said it expects domestic convenience store sales to rise 9.4% this fiscal year, while seeing revenue from overseas convenience stores falling 3.6%.
The operator of 7-Eleven convenience stores is taking a series of steps to boost its value, including share buybacks, selling the under-performing superstore business and divesting its banking unit.
BUSINESS / Companies
Apr 10, 2025

Seven & I jumps most in a month on buyback plan and broader buying

The operator of 7-Eleven convenience stores is taking a series of steps to try to boost shareholder value amid a takeover bid by Canadian retailer Alimentation Couche-Tard.
Guests play the upcoming Nintendo Switch 2 console at an event in Paris on April 2.
BUSINESS / Tech
Apr 10, 2025

Nintendo gets breathing room on tariffs — just in time for Switch 2 launch

Nintendo dodges a 46% tariff on Vietnam-assembled consoles, buying time to flood the U.S. with Switch 2 units before the launch window closes.
U.S. President Donald Trump's abrupt U-turn on his tariff measures has been met with a mix of relief and bewilderment.
BUSINESS / Economy
Apr 11, 2025

U.S. allies greet Trump’s tariff U-turn with relief and defiance

As governments try to divine what would convince Trump to grant permanent waivers, his new willingness to reverse course inserts another layer of uncertainty.
Environmental, social and governance funds are increasingly looking to Japan, as efforts to boost diversity are coming amid a regulatory and government push for better corporate governance.
BUSINESS / Companies
Apr 11, 2025

Trump’s DEI rollback gives Japan a chance to draw ESG inflows

Japanese firms have long lagged behind their Western peers on gender equality, but the U.S. crackdown on diversity may give them a chance to shine.
U.S. Treasury Secretary Scott Bessent speaks outside the White House in Washington on Wednesday. Bessent appears to have taken a larger role in articulating U.S. President Donald Trump's trade policies to financial markets.
BUSINESS / Economy
Apr 11, 2025

Amid turmoil over tariffs, Bessent rises in Trump trade world

Multiple sources close to the White House said the former hedge fund manager was giving the U.S. president the best counsel among a team of advisers on trade.
Shirakawa-go in Gifu Prefecture in 2017. Travel agencies catering to luxury tourists often include areas outside well-known cities such as Tokyo and Kyoto in their itineraries offered.
BUSINESS
Apr 11, 2025

A trip to remember: Japan answers the demand for curated luxury travel

Creating a unique experience that luxury travelers feel they can hold on to well after their trip is part of the challenge.
A former Prudential Life Insurance employee was arrested in June last year on suspicion of fraud.
BUSINESS / Companies
Apr 11, 2025

Prudential Life ordered to report preventative measures after three arrests

Between June last year and February this year, three former employees were arrested over acts of misconduct that included defrauding customers.
A trader works on the floor of the New York Stock Exchange during afternoon trading on Wednesday in New York.
BUSINESS / Economy / ANALYSIS
Apr 12, 2025

Asset flight challenges U.S. safe haven status

The U.S. has long been considered a financial safe haven —but Trump's trade war is starting to raise questions about if that's still true.
Machineries seen at a factory in Binh Duong, Vietnam
BUSINESS / Economy / ANALYSIS
Apr 12, 2025

What Samsung and Vietnam stand to lose in Trump's tariff war

Trump's punishing potential 46% tariff has exposed the vulnerability of the Southeast Asian country's export model.
Toyota and Lexus cars and sport utility vehicles unloaded from car carrier ships to the Toyota Logistics Services automotive processing terminal at the Port of Long Beach in Long Beach, California, on Thursday
BUSINESS / Economy
Apr 15, 2025

Trump floats temporary reprieve for autos as parts tariffs loom

The president said he is exploring exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up manufacturing in the U.S.
The U.S. Commerce Department has begun investigating how semiconductors and pharmaceuticals impact national security.
BUSINESS / Economy
Apr 15, 2025

Trump initiates chips and drug probes, ahead of more tariffs

The moves, announced Monday in the Federal Register, are a precursor to imposing tariffs and threaten to broaden the president’s sweeping U.S. trade war.
A Taiwan Semiconductor Manufacturing Co. (TSMC) logo is displayed on a wall in Hsinchu, Taiwan, on Tuesday. A recent rout saw TSMC’s forward price-to-earnings ratio hit a two-year low at one point.
BUSINESS / Tech
Apr 16, 2025

TSMC and ASML outlooks to reveal depth of tariff pain and AI angst

Both have borne the brunt of a broader market selloff, weighed down by both U.S. tariff threats and doubts over future AI demand.
The Canton Fair in Guangzhou, China, on Tuesday
BUSINESS / Economy
Apr 16, 2025

Ground zero of China trade boom reckons with decoupling from U.S.

"The China-U.S. relation is beyond salvation — this change of gears is irreversible,” said the China director at a political risk consultancy.
Bottles of Hakkaisan-brand sake for export
BUSINESS
Apr 17, 2025

U.S. tariffs overshadow Japan's agriculture and food exports

Japanese goods need to be sold by "emphasizing that there are no alternatives" to them, said Kazuhito Yamashita, senior researcher at the Canon Institute for Global Strategies.
Mark Zuckerberg, chief executive officer of Meta, departs federal court in Washington on Wednesday.
BUSINESS / Tech
Apr 17, 2025

Meta saw TikTok as ‘highly urgent’ threat, Zuckerberg says at trial

Zuckerberg was composed, but occasionally evasive, when challenged to explain past messages indicating a concerted effort to muscle out competitors.
A green wireframe model covers an actor's lower face during the creation of a deepfake video in in London in 2019.
BUSINESS / Tech
Apr 17, 2025

They sold their likeness to AI companies — and regretted it

Scores have ended up with the unpleasant surprise of seeing themselves feature in deepfakes, dubious adverts or even political propaganda.
Consumer prices excluding fresh food rose 3.2% from a year ago in March, accelerating from a 3% increase in the previous month, according to the internal affairs ministry.
BUSINESS / Economy
Apr 18, 2025

Japan’s inflation quickens as rice prices gain the most in over 50 years

The price of the nation’s staple grain rose 92.1% in March from a year earlier, the fastest pace in data going back to 1971.
Kristalina Georgieva, managing director of the International Monetary Fund, speaks at the IMF headquarters in Washington on Thursday.
BUSINESS / Economy
Apr 18, 2025

World economy likely to avoid recession despite tariffs, IMF chief says

Donald Trump's stop-start tariff have fueled levels of market volatility unseen since the COVID-19 pandemic.
U.S. President Donald Trump at the White House in Washington on Thursday
BUSINESS
Apr 18, 2025

Trump’s tariff policies are hurting the businesses he’s trying to help

Some firms are putting hiring and expansion plans on hold while they come up with short-term plans to cope with the tariffs.
Ryosei Akazawa, Japan's Economic Revitalization Minister and top tariff negotiator with the U.S., speaks to the press upon his arrival at Haneda Airport in Tokyo on Friday.
BUSINESS / Markets
Apr 20, 2025

Japan mulls reviewing car safety rules to strike deal with Trump

The report comes after Japan’s chief negotiator Ryosei Akazawa kicked off tariff discussions with U.S. counterparts in Washington last week.
Orbis Investment Management bought shares of Mitsubishi Estate over the past months on the view that inflation will lift revenue as the domestic real estate sector remains attractive.
BUSINESS / Companies
Apr 22, 2025

Top Japan fund adds Mitsubishi Estate shares on cheap valuations

The return of inflation in Japan has lured overseas investors to the nation’s real estate market and property developer shares.
Takeshi Niinami, chairman and CEO of Suntory, says U.S. President Donald Trump’s tariffs are "really killing the appetite from the world” for investment in the U.S.
BUSINESS / Companies
Apr 22, 2025

Trump tariffs are killing investment appetite, Suntory CEO says

President Trump’s efforts to reshape international trade have led to wild swings in global markets and raised concerns the U.S. economy could enter a recession.
Sumitomo and SBI Holdings will invest in FPT Smart Cloud Japan, which oversees FPT’s Japan AI data center.
BUSINESS / Companies
Apr 22, 2025

Sumitomo and SBI Holdings to take stakes in Vietnam’s FPT AI unit

FPT is setting up a Japan AI data center, with an initial investment of $200 million.
Executives from U.K. self-driving startup Wayve and SoftBank attend an event in Tokyo on Tuesday.
BUSINESS / Companies
Apr 22, 2025

U.K. AI startup Wayve makes Japan debut after Nissan partnership

Earlier this month, Wayve said it was joining forces with Nissan Motor to help build the next generation of its ProPilot driver-assist system.
Stephen Ma, the head of Nissan’s operations in China, speaks during a news conference at the Shanghai auto show on Wednesday.
BUSINESS / Companies
Apr 23, 2025

Nissan commits another $1.4 billion to China with EVs in focus

"With China moving so fast, we want to stay and we want to compete,” said Stephen Ma, the head of Nissan’s operations in China.

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