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BUSINESS
Aug 23, 2023

Kishida under pressure to spend even as debt costs rise

The prime minister pivoted away from his previous stance Tuesday by scrapping September-end plans to stop subsidies that cap gasoline prices.
COMMENTARY / Japan
Aug 23, 2023

Kishida faces leadership test over Johnny's sexual abuse scandal

Prime Minister Fumio Kishida, who prides himself on his “ability to listen,” faces a test of his leadership amid the Johnny's sexual abuse scandal.
South Korean soldiers prepare for a counterterrorism drill, as part of the Ulchi Freedom Shield military exercises between the U.S. and South Korea, at a subway station in Seoul on Wednesday.
ASIA PACIFIC / Politics
Aug 23, 2023

South Korea holds first nationwide defense drills in six years

The drill, focused on a North Korea attack, required South Korea’s 51 million residents to practice evacuating to shelters or underground spaces.
Nomura Securities International has agreed to pay $35 million over securities trading fraud which took place from 2009 to 2013 and primarily from the company’s trading floor in New York.
BUSINESS
Aug 23, 2023

Nomura fined $35 million in U.S. over mortgage-backed securities

Nomura Securities International will also pay almost $808,000 in restitution to victims of the scheme.
Sushi made with fish imported from Japan at a Japanese supermarket in Hong Kong on Wednesday.
JAPAN
Aug 23, 2023

China's sushi fans flounder over Fukushima water release

Chinese sushi lovers have expressed reservations after Japan kicked off plans for the disposal of wastewater from the stricken Fukushima No. 1 plant.
People watch a live stream of Chandrayaan-3 spacecraft's landing on the moon, at an auditorium of Gujarat Science City in Ahmedabad, India, Wednesday.
ASIA PACIFIC / Science & Health
Aug 24, 2023

‘India is on the moon’: Nation’s success opens next space chapter

The mission makes India the first nation to reach the moon's south polar region in one piece and adds to the achievements of the country’s space program.
Challenges to the U.S. dollar’s vital role in the world economic and financial system are often said to be imminent, but somehow never materialize.
COMMENTARY / World
Aug 23, 2023

A BRICS common currency is still a pipe dream

The greenback comprises just under 60% of global currency reserves, down from around 70% in 2000. Still that is well above any competitor.
Hiromi Yamaji, chief executive officer of Japan Exchange Group, says the yen is too weak and its benefits for Japanese stocks are diminishing.
BUSINESS / Economy
Aug 24, 2023

Yen’s too weak and benefits are waning, Japan bourse chief says

The yen has slipped below the levels where Japanese officials intervened last September to rein in the weakness in the currency.
Yuko Seimei was promoted to president of Monex Group in June, after serving as president of affiliate Monex.
BUSINESS / Companies
Aug 24, 2023

More brokerages name female leadership amid pressure for change

The government wants women to account for at least 30% of board members at firms listed on the Tokyo Stock Exchange's top-tier Prime section by 2030.
People visit Semicon China, a trade fair for semiconductor technology, in Shanghai in 2021
BUSINESS
Aug 24, 2023

China quietly hires overseas chip talent as U.S. tightens curbs

The revamped recruitment drive is said to offer perks including home-purchase subsidies and typical signing bonuses of $420,000 to $700,000.
Staff from All Nippon Airways and a travel agency escort a Chinese tour group from Beijing upon their arrival at Haneda Airport in Tokyo on Wednesday.
BUSINESS / Economy
Aug 24, 2023

Will 'explosive spending' return to Japan with China group tours?

Hopes the tours will herald big returns clash with a struggling Chinese economy and Japan's controversial release of treated wastewater into the sea.
A promotional poster for the film "Barbie" in Tokyo on Aug. 3
COMMENTARY / Japan
Aug 23, 2023

Why is the ‘Barbie’ movie bombing in Japanese theaters?

The fact that the movie's female empowerment theme won’t have a positive, lasting impact in Japan is a shame.
JAPAN
Aug 24, 2023

Local governments tap big data on spending by foreign visitors

Such data allows authorities to analyze consumption trends in detail, "visualize" markets and place targeted advertisements.
People wave Indian national flags as they celebrate the successful lunar landing of Chandrayaan-3 spacecraft on the south pole of the moon, in New Delhi on Wednesday.
ASIA PACIFIC / Science & Health / ANALYSIS
Aug 24, 2023

Moon landing hailed as major breakthrough for India’s space program

The achievement is only the next step in the budding program, which aims to place India among the world's space superpowers.
Donald Trump speaks to reporters before boarding his private plane at Hartsfield-Jackson International Airport in Atlanta on Thursday, where he turned himself in at the Fulton County Jail earlier in the evening.
WORLD / Crime & Legal
Aug 25, 2023

Trump booked at Georgia jail on election charges

Authorities said they took Trump's mug shot at Fulton County Jail — a first for the former U.S. president.
Yevgeny Prigozhin, chief of Russian private mercenary group Wagner, speaks in an unknown location, in this still image taken from video published on Monday.
WORLD / Politics / ANALYSIS
Aug 25, 2023

Prigozhin's presumed death may create new problems for Putin

A full investigation of the cause of the crash is unlikely to shake the belief that he was killed as an act of vengeance for staging a mutiny.
Wagner mercenaries guard the president and other high-ranking attendees at an event in Bangui, capital of the Central African Republic, in May 2019.
WORLD / Politics
Aug 25, 2023

Wagner’s empire in Africa will live on after Prigozhin

Prigozhin built a business empire on the continent over the past five years, becoming an iconoclastic celebrity in places like Mali.
BUSINESS / Economy
Aug 25, 2023

Inflation in Tokyo slowed in August but stayed above BOJ target

The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 2.8% in August from a year earlier.
People attend a job fair in China's southwestern city of Chongqing on April 11. China on Aug. 15 said it would suspend the release of youth unemployment data, fueling data transparency concerns and heightening worries about the country’s economic slowdown.
BUSINESS / Economy / ANALYSIS
Aug 25, 2023

China braces for wider youth unemployment problems

Last week, Beijing decided to halt the release of urban youth unemployment data, which has been soaring in recent years.
Eiko Higuchi at her microphone production station at Sony Taiyo
BUSINESS / Companies
Aug 25, 2023

A tiny factory is handcrafting mics for Justin Bieber and Dr. Dre

Sony Taiyo, a Sony Group subsidiary, is designed to give people with disabilities a fair chance in the workplace.
JAPAN / Society
Aug 25, 2023

Linkage of My Number and insurance cards faces delays

A survey found that the linkage work was incomplete for 770,000 people across the country for whom the process was underway.
Guy Perryman hosts the Tokyo-based "Guy Perryman Show" on InterFM on Friday mornings.
COMMUNITY / Our Lives / 20 QUESTIONS
Aug 26, 2023

Guy Perryman: ‘Sound and rhythm are ingrained in our DNA’

Radio personality Guy Perryman says around 99% of his audience consists of Japanese people who want to listen to English content.
The Black unemployment rate fell to 5% in March, the lowest level ever recorded in the monthly data, but then rose to 6% in June, showing how erratic it can be.
COMMENTARY / World
Aug 25, 2023

The mysterious fall and rise of Black unemployment

After a roller-coaster move this spring, it’s now essentially back to where it was in February. How much is statistical noise?
Vendors carry lobster at a seafood market in Shanghai, China, on Friday.
BUSINESS
Aug 25, 2023

Japan fishing industry reels after China’s seafood embargo

The average price of fresh Aomori tuna at the Toyosu market in Tokyo fell 24% on Aug. 25 from the previous day to ¥9,383 per kilogram.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Aug 25, 2023

Financial expert warns against delay in BOJ policy shift

Izuru Kato predicted that the BOJ will likely raise its short-term policy rate from below zero in "January or April next year."
A statue of Pokemon character Pikachu is seen during the E3 Electronic Entertainment Expo in Los Angeles.
BUSINESS / Tech
Aug 26, 2023

Pokemon game that’s all about sleep hits 10 million downloads

Pokemon Go made billions of dollars getting people to roam the great outdoors. Now the company is trying to get people to go to bed.
Investors stand in front of an electronic board showing stock information on the first trading day after the weeklong Lunar New Year holiday at a brokerage house in Shanghai.
BUSINESS / Economy / FOCUS
Aug 26, 2023

China’s market rescue is failing as Xi holds back on stimulus

China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks without stronger stimulus packages.
T-shirts and hats with an image depicting the mug shot of former President Donald Trump are pictured at the Y-Que printing store in Los Angeles on Friday.
WORLD / Politics / FOCUS
Aug 26, 2023

Owning it: Trump embraces historic mug shot

T-shirts, mugs and stickers bearing the first mug shot of a serving or former U.S. president were put out within hours of the photo's release.
U.S. Federal Reserve Chairman Jerome Powell attends the Jackson Hole economic symposium in Moran, Wyoming, on Friday.
BUSINESS / ANALYSIS
Aug 26, 2023

Fed chief's 'higher for longer' mantra fans investor caution

Federal Reserve Chair Jerome Powell has left open the possibility of further rate increases and stressed the U.S. economy’s surprising strength.
BUSINESS / Economy
Aug 27, 2023

BOJ chief says strategy backed by below-target inflation

Gov. Kazuo Ueda said price growth remains slower than the central bank’s goal, explaining why officials are continuing with their current strategy.

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami