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Carlos Tavares, Chief Executive Officer of Stellantis, speaks at the Paris Automotive Summit during the Paris Auto Show on Oct. 15.
BUSINESS / Companies
Dec 2, 2024

Stellantis CEO Tavares quits and hands over to interim committee

The company said in a statement that a new CEO will be named in the first half of 2025, with an interim committee headed by Chairman John Elkann taking the reins for now.
Osaka Gov. Hirofumi Yoshimura is elected as Nippon Ishin no Kai's leader in the city of Osaka on Sunday.
JAPAN / Politics
Dec 2, 2024

New Nippon Ishin leader vows to keep distance from other parties

Hirofumi Yoshimura says the party’s strategy is to not take sides with parties in the ruling or the opposition camps.
The average price of osechi traditional food for the 2025 New Year stood at ¥27,826 ($185), a 1.3% increase — or ¥360 — compared with that for the 2024 New Year.
JAPAN / Society
Dec 2, 2024

Osechi ryōri prices climb for a third consecutive year

The latest increase, at ¥360 ($2.40), is the smallest in three years, at less than half the increase for the 2024 New Year.
Nissan Motor vehicles bound for shipment at the Nissan Oppama wharf in Yokosuka, Kanagawa Prefecture.
BUSINESS / Companies
Dec 3, 2024

Nissan is awash in outdated models as car buyers look elsewhere

While Japan’s other major carmakers take six months or more to ship a new vehicle, many of Nissan’s most popular models can be delivered within a month or two.
A Ukrainian serviceman holds a Stinger anti-aircraft missile as he takes part in joint military drills near the border with Belarus, amid Russia's attack on Ukraine, in the country's Rivne region in February 2023.
WORLD / Politics
Dec 3, 2024

U.S. to send Ukraine with $725 million weapons package ahead of Trump return

President Joe Biden's outgoing administration is seeking to bolster Kyiv in its war with Russian invaders before leaving office in January.
"No matter who takes the helm, Japan’s fiscal discipline will worsen in a situation like this," said Mana Nakazora, a credit analyst on an economic panel advising Prime Minister Shigeru Ishiba.
BUSINESS / Economy
Dec 3, 2024

Japan needs a wake-up call on debt, government advisor warns

The advisor criticized the government’s decision to resume subsidies for utilities as part of the stimulus package.
French President Emmanuel Macron speaks during the Saudi-French Business Forum during an official visit in Riyadh on Tuesday.
WORLD / Politics
Dec 4, 2024

French government can survive a no-confidence vote, Macron says

A government collapse in France would underscore the power acquired by Marine Le Pen since Emmanuel Macron called a surprise election in June.
Rakuten Group is targeting the sale of as much as $550 million of subordinated notes with price talk for the deal at around 8.375%.
BUSINESS / Companies
Dec 4, 2024

Rakuten targets its lowest-cost junk bond sale since 2021

The e-commerce giant is targeting the sale of as much as $550 million of subordinated notes that can be called after five years.
Tiger Woods competes at the British Open in July.
MORE SPORTS / Golf
Dec 4, 2024

Tiger Woods has 'long way to go' after latest back surgery

Woods hasn't played since he missed the cut at the British Open in July.
Japan's bluefin tuna catch quotas will increase from 2025, with the first increase ever for smaller ones.
JAPAN
Dec 4, 2024

WCPFC decides to expand Japan's pacific bluefin tuna catch quotas

Japan's catch quota will increase to 8,421 metric tons from 5,614 metric tons for large bluefin tuna, rising for the first time in three years.
The government plans to lower official drug prices for fiscal 2025 while carefully considering the scope of items subject to the planned cuts in light of the impacts on drugmakers.
BUSINESS
Dec 4, 2024

Japanese drug market prices 5.2% lower than official prices

Generic drugs made up 62.1% of the market by value in September, with a government target of 65% by fiscal 2029 to cut medical costs.
People walk past a board displaying currency exchange rates of the U.S. dollar and Euro against Russian ruble in Moscow on Nov. 27.
BUSINESS / Markets
Dec 4, 2024

Why the euro is closing in on parity with the U.S. dollar again

Hitting parity is psychologically significant for investors and policymakers and could spur a period of volatility for the euro.
Tokyo Gov. Yuriko Koike says she will continue to review work styles flexibly to ensure that women do not have to sacrifice their careers due to life events.
JAPAN / Society
Dec 4, 2024

Tokyo government to introduce four-day workweek to empower women

The capital is joining a growing number of local governments introducing similar measures to improve working conditions amid a labor shortage.
Democratic Party for the People chief Yuichiro Tamaki speaks to reporters in Tokyo on Wednesday.
JAPAN / Politics
Dec 4, 2024

Tamaki suspended for three months as DPP leader following affair

An internal committee judged Tamaki’s conduct as having contravened the party’s ethics regulations and damaged its honor and trust.
Belgium's Remco Evenepoel at the world championships in Zurich on Sept. 29.
MORE SPORTS / Cycling
Dec 4, 2024

Olympic champion cyclist Remco Evenepoel says 'long journey' ahead after collision

The 24-year-old Belgian, who won road race and time-trial gold at the Paris Olympics, was rushed to hospital Tuesday after striking the open door of a stationary van.
Former U.S. President Donald Trump and Robert F. Kennedy Jr. greet each other at a campaign event in Duluth, Georgia, in October. Kennedy, Trump’s choice for health and human services secretary, wants to purge the agency of corporate influence.
WORLD / Politics / ANALYSIS
Dec 4, 2024

Trump taps team geared toward retribution and remaking of U.S. government

Trump's pick of Kash Patel to lead the FBI brought into sharper focus the president-elect's seriousness about striking back at those he believes have wronged him.
Major electronics firms plan to pay new graduate hires starting salaries that vary depending on skills and experiences.
BUSINESS / Companies
Dec 5, 2024

Japanese electronics firms rethink uniform starting salaries

Panasonic Connect plans to pay an additional 10% to 20% on top of this year's starting salaries to spring 2025 recruits with past startup experiences or tech skills.
Members of the workers' union UA Zensen watch a video, during a kick-off rally for the annual "shunto" wage negotiations, in Tokyo in March 2023.
BUSINESS
Dec 5, 2024

UA Zensen unveils plan to demand 6% pay hike in 2025 Shunto

UA Zensen plans to seek a 7% wage increase for part-time workers, who make up about 60% of the roughly 1.9 million workers in its member unions.
Bank of Japan board member Toyoaki Nakamura's cautious stance on raising interest rates indicates that the idea of a December hike may not have unanimous support.
BUSINESS / Economy
Dec 5, 2024

BOJ’s leading dove calls for careful approach to tweaking easing

The board member's remarks indicate that the idea of hiking interest rates this month may not have unanimous support.
Tokyo Gas' liquefied natural gas terminal in Sodegaura, Chiba Prefecture, last month. The utility is considering several wind power projects in Southeast Asia amid the global decarbonization push.
ENVIRONMENT / Energy
Dec 5, 2024

Tokyo Gas eyes wind power projects in Southeast Asia

The gas utility is expected to make final investment decisions on some of the envisaged projects as early as 2025.
While FromSoftware's Elden Ring: Shadow of the Erdtree is a strong contender for game of the year, Black Myth: Wukong, the first AAA game made by a Chinese developer, offers some stiff competition.
LIFE / Digital / 2024 in Review
Dec 6, 2024

It’s Japan versus China for 2024’s game of the year

Elden Ring: Shadow of the Erdtree and Black Myth: Wukong both have a claim to the best game of 2024, a year marked by cultural scandals and lawsuits.
The town of Futaba is still dealing with the effects of 3/11, but that isn't stopping some residents from looking forward.
LIFE / Travel
Dec 7, 2024

Futaba pivots to 'hope tourism' to revive its fortunes

Whether you’re a long-term resident of Japan or flying in for a holiday, the message is clear: Futaba welcomes you.
Koichi Katsumata is the first chef to receive a Michelin star in Japan for an 'assiette dessert' (dessert course) restaurant
LIFE / Food & Drink
Dec 8, 2024

Welcome to Yama, Japan’s first Michelin-starred dessert restaurant

“We don’t just serve food — we serve memories, stories and a sense of place,” says chef Koichi Katsumata.
Japan's Roki Sasaki delivers a pitch against Mexico at LoanDepot Park in Miami in March 2023.
BASEBALL / MLB
Dec 6, 2024

Darvish could help lure prized free agent to San Diego

Darvish is said to badly want young right-hander Roki Sasaki as his teammate.
About $105 trillion is projected to be passed down from older generations over the next quarter century, according to research firm Cerulli Associates, an amount roughly equal to global gross domestic product in 2023.
BUSINESS / Economy
Dec 6, 2024

A $105 trillion inheritance windfall is on the way for U.S. heirs

The latest inheritance projection by Cerulli is 45% higher than the 25-year forecast the firm made only three years ago.
An NBA logo on the facade of its flagship store in Beijing in 2019.
BASKETBALL
Dec 6, 2024

NBA to return to China for first time since 2019 fallout

No NBA games have been held in China since 2019 after a tweet from then-Houston Rockets general manager Daryl Morey in support of the pro-democracy movement in Hong Kong.
Starbucks Coffee Japan will replace paper straws with plant-based biomass plastic straws from next month.
BUSINESS / Companies
Dec 6, 2024

Starbucks in Japan to ditch paper straws for plant-based biomass plastic in 2025

The coffee company says the new straws are fully biodegradable in seawater and soil, and will not soften like paper ones.
Alexandre Pantoja at a news conference in Rio de Janeiro in May
MORE SPORTS
Dec 6, 2024

Newcomer Kai Asakura aims to dethrone Alexandre Pantoja at UFC 310

Asakura, a 31-year-old from Japan, is a two-time Rizin bantamweight champion.
JR East Executive Vice President Chiharu Watari speaks during a news conference in Tokyo on Friday.
BUSINESS
Dec 6, 2024

JR East applies to raise fares by average of 7% in March 2026

The company plans to raise standard fares by 7.8%, commuter passes by 12% and student commuter passes by 4.9%.
No new turbines have been ordered in Sweden since the first quarter, according to the latest data from industry group Svensk Vindenergi, the longest such stretch in two years.
ENVIRONMENT / Energy
Dec 7, 2024

Free green power in Sweden is crippling its wind industry

The country has one of the greenest grids in the world. But even more is needed to electrify the rest of its economy.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji