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Travelers in front of a flight information panel in a departure hall at Haneda Airport in Tokyo on April 26
BUSINESS
May 3, 2025

Inflation and high hotel prices curtail Golden Week travels

This year consumers in the world's fourth-largest economy are feeling the pain of rising prices for everything from cabbage and rice to electricity bills.
Workers operate sewing machines at a Thai Son S.P.  garment factory in Binh Thuan province, Ho Chi Minh City, Vietnam, on April 10. For more than 70 years, many emerging nations, especially in Asia, have become the low-cost manufacturer to the U.S., the world’s biggest consumer.
BUSINESS / Economy
May 5, 2025

Global factories struggle to overcome Trump tariffs and uncertainty

Purchasing manager indexes across Asia, along with revised numbers in Europe, showed new or persisting contractions in factory activity in April.
OpenAI had backpedaled on plans to convert its for-profit arm into a public benefit corporation.
BUSINESS / Tech
May 6, 2025

OpenAI dials back conversion plan, with nonprofit to retain control

The announcement follows a storm of criticism and legal challenges, including a high-profile lawsuit filed by rival and co-founder Elon Musk.
The Advanced Micro Devices headquarters in Santa Clara, California
BUSINESS / Tech
May 7, 2025

AMD and Arm offer a window into the AI landscape ahead of Nvidia earnings

Though chipmaking stocks have taken a hit this year, underlying results may show a stronger foundation for the AI trade than recent stock performance indicates.
The tie-up between Sumitomo Mitsui Banking and its new partners will target U.S. middle-market companies, according to executives.
BUSINESS / Companies
May 7, 2025

SMBC teams with private lenders to offer $1.7 billion of credit

The tie-up between the Japanese banking conglomerate and its new partners will target U.S. middle-market companies, according to executives.
SMBC Nikko Securities hired former Nomura Holdings senior executive Susumu Usui as co-head of equity and ex-Citigroup’s Keita Matsumoto as head of financial markets.
BUSINESS / Companies
May 7, 2025

SMBC Nikko hires former Nomura and Citi top executives in rebuild

The firm is seeking to strengthen its business following the rigging scandal more than two years ago, which led to the loss of several equity executives.
Carolina Kawakubo, head of the Japanese arm of NRW.Global Business GmbH, during an interview on April 28 in Tokyo's Chiyoda Ward
BUSINESS
May 8, 2025

German agency to strengthen its support for Japan startups

The German agency plans to hold seminars in four cities across Japan through November to provide such companies with free expertise.
Tokyo-based satellite maker Axelspace's initial public offering is expected to be approved by the Tokyo Stock Exchange later this month, people with knowledge of the matter said.
BUSINESS / Companies
May 8, 2025

Axelspace is latest Japan space startup to seek IPO, sources say

If successful, it would be the fifth such listing of a Japanese spacecraft venture over the last two years.
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%, according to the labor ministry.
BUSINESS / Economy
May 9, 2025

Japan’s nominal wage growth slows, backing case for BOJ caution

Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%.
A Japanese newspaper headline includes the word "tariff" in Japanese.
LIFE / Language / BILINGUAL
May 9, 2025

Trump once called it his favorite word. Now, the Japanese version is all over the news.

Learning how to talk about tariffs, imports and exports is becoming increasingly necessary in everyday conversation.
Toyota vehicles bound for shipment at the Port of Nagoya. Japan’s 3-year-old corporate governance campaign has more room to grow and unlock value in Japan’s industrial heartland of Aichi Prefecture.
BUSINESS / Companies
May 9, 2025

Japan’s corporate governance wave reaches the industrial heartland in Nagoya

The city of Nagoya and the area around it are home to manufacturing giants including Toyota and Toyota group auto parts maker Denso.
Japan Airport Terminal President Nobuaki Yokota and Chairman Isao Takashiro resigned amid an internal probe into favoritism toward a consulting firm led by a son of Makoto Koga, former secretary-general of the ruling Liberal Democratic Party, related to massage chair installations at the terminal buildings of an airport.
BUSINESS / Companies
May 9, 2025

Japan Airport Terminal's top execs step down amid corruption scandal

The company said it accepted resignation offers from the two top executives the same day.
Panasonic is targeting 10,000 job cuts worldwide as part of efforts to boost profitability.
BUSINESS / Companies
May 9, 2025

Panasonic targets 10,000 job cuts worldwide

The cuts will focus on positions at consolidated companies — 5,000 in Japan and 5,000 overseas.
U.S. President Donald Trump speaks to reporters during the announcement of a trade agreement with Britain in the Oval Office of the White House in Washington, on Thursday.
BUSINESS / Economy / ANALYSIS
May 10, 2025

China and the U.S. to talk trade war ceasefire — not peace

Ahead of the meeting, the two sides seem much further apart and at greater risk of a major fallout than during their first trade war in Trump's previous term.
U.S. Treasury Secretary Scott Bessent leaves his hotel for a meeting with Chinese officials on tariffs in Geneva on Saturday.
BUSINESS / Economy
May 10, 2025

U.S. and China begin talks in bid to 'de-escalate' trade war

The talks were the first between the world's two largest economies since U.S. President Donald Trump slapped steep new levies on China last month.
U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer address the media after trade talks with China in Geneva on Sunday.
BUSINESS / Economy
May 12, 2025

U.S. and China cite ‘substantial progress’ in Geneva trade talks

U.S. negotiators described "substantial progress" and also said details would be announced Monday.
An electric vehicle factory in Ningbo, China, on April 9, 2024. For years, Xi Jinping, the leader of China, has planned to make the world dependent on its exports and know-how, but the strategy has costs for his own country.
BUSINESS / Economy
May 12, 2025

This is the trade conflict Xi Jinping has been waiting for

A willingness to weaponize the supply chain may be one of the starkest examples of how Xi is redefining China’s relationship with the world.
Workers sew garments along a production line at Thanh Cong Textile Garment in Ho Chi Minh City, Vietnam, on April 28.
BUSINESS / Companies
May 12, 2025

Chinese factories are looking for the next China

Tariffs have resulted in the cost of sending products to the United States soaring in recent weeks, forcing companies to find new trade routes.
Dalton Investments is demanding Fuji Media Holdings change its board members, spin off its real estate business, unwind cross shareholdings and push through corporate governance reform.
BUSINESS / Companies
May 12, 2025

Dalton Investments seeks talks with Fuji Media to avoid proxy fight

The activist investor wants the Japanese broadcaster to change its board members and spin off its real estate business, among other things.
Then-Chinese Vice President Xi Jinping visits a school in South Gate, California, in February 2012. Experts say Xi won big in his standoff with U.S. President Donald Trump.
BUSINESS / Economy / ANALYSIS
May 13, 2025

Xi defiance pays off as Trump meets most China trade demands

Going forward, experts say, this will make the Chinese side confident that they have leverage over the U.S. in any negotiations.
Nissan CEO Ivan Espinosa in Tokyo as the company releases its results
BUSINESS / Companies
May 13, 2025

Nissan gets ‘wake-up call’ with $4.5 billion annual net loss

The company plans more than 10,000 job cuts globally in addition to the 9,000 cuts announced previously.
U.S. President Donald Trump speaks during the Saudi-U.S. business investment forum in Riyadh, Saudi Arabia, on Tuesday.
BUSINESS / Tech
May 14, 2025

Trump’s Middle East visit opens floodgate of AI deals led by Nvidia

Saudi Arabia and the United Arab Emirates are poised to win wider access to advanced AI chips from Nvidia and Advanced Micro Devices.
A Sony PlayStation 5 controller
BUSINESS / Companies
May 14, 2025

Sony profit forecast flattens under ¥100 billion tariff burden

New Sony Chief Executive Officer Hiroki Totoki’s first task is to navigate the entertainment group though a new era of a tariff-wielding United States.
South Korean presidential candidate Lee Jae-myung speaks in Goyang, South Korea, on April 27.
BUSINESS / Economy
May 14, 2025

South Korean think tank halves 2025 growth forecast to 0.8%

The revised outlook reflects the fallout from U.S. President Donald Trump’s tariff campaign on the trade-reliant nation as its presidential race hits full swing.
Cars on display at Nissan's headquarters in Yokohama on Tuesday. The automaker posted a massive annual net loss and confirmed that it plans to cut thousands of jobs worldwide.
BUSINESS / Companies
May 14, 2025

Japanese automakers looking at a ¥1 trillion hit from Trump tariffs 

No matter what happens, they expect the new levies to cost them a lot.
Scott Callon, CEO of Japan Display Inc, will step down on June 1 to take responsibility for the company's poor performance.
BUSINESS / Companies
May 16, 2025

Japan Display to cut 1,500 jobs in Japan on consecutive years of losses

The struggling maker of small and midsize liquid crystal display panels reported a consolidated net loss of ¥78.2 billion ($538.7 million) for fiscal 2024.
The Japanese economy flipped back into reverse in the first three months of the year, with consumption staying below its pre-pandemic level as inflation saps purchasing power.
BUSINESS / Economy
May 16, 2025

Japan’s economy shrank for the first time in a year before tariff jolt

The first contraction under Prime Minister Shigeru Ishiba adds to concerns about the resilience of the economy before tariffs came into effect.
Nippon Life Insurance will stop the practice of temporarily sending employees to work in sales departments of other companies, such as banks, judging that the arrangements may distort fair competition.
BUSINESS / Companies
May 16, 2025

Nippon Life to stop sending staff to sales departments at banks

Critics have said the practice has led to misconduct, in addition to reducing competition.
Nissan's Oppama plant in Yokosuka, Kanagawa Prefecture, may be closed as part of the struggling carmaker's streamlining efforts.
BUSINESS / Companies
May 18, 2025

Nissan to solicit early retirements while eyeing plant closures in Japan

The move comes after sources said a day earlier that the carmaker was considering closing two plants in Kanagawa Prefecture.
U.S. President Donald Trump arrives to deliver a speech marking his 100th day in office at Macomb County Community College Sports Expo Center in Warren, Michigan, on April 29.
BUSINESS / Economy / FOCUS
May 18, 2025

Trump’s deals cast China both as foe and prize, blurring signals

Pick through the details of recent U.S. trade negotiations and an outline of Donald Trump’s vision for the global economy starts to come into focus. As do its contradictions.

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