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Former FTX chief Sam Bankman-Fried leaves court following a bail hearing ahead of his October fraud trial, in New York City on July 26.  He was found guilty on all counts against him on Thursday.
BUSINESS
Nov 3, 2023

Sam Bankman-Fried found guilty on all counts at fraud trial

The panel reached its decision after five weeks of trial, and the former crypto tycoon now faces up to 110 years behind bars.
Kyoto Financial Group's early bets on Nintendo and other Kyoto-based startups are now bringing huge gains to the regional bank.
BUSINESS / Companies
Nov 3, 2023

Early bets on Nintendo and Nidec yield big gains for Kyoto bank

Kyoto Financial Group has equity holdings worth almost ¥903 billion thanks to investments made decades ago.
Participants pose for photos at a news conference ahead of the Gay Games in Hong Kong on Thursday.
MORE SPORTS
Nov 3, 2023

First Gay Games in Asia set to begin, despite pushback

The event, which features both LGBTQ and heterosexual athletes, will see 2,381 people compete in sports including football and badminton.
Nippon Steel has dropped lawsuits against Toyota and Mitsui & Co. over electrical steel sheet patents.
BUSINESS / Companies
Nov 3, 2023

Nippon Steel drops patent lawsuits against Toyota and Mitsui

Having two of Japan's manufacturing giants locked in a rare court battle signified the high stakes involved in materials production.
A construction crane beyond an apartment building at dusk in the Prenzlauer Berg district in Berlin, in February.
BUSINESS / Economy
Nov 3, 2023

Europe’s great housing crisis is only getting started

With housing already tight, the situation threatens to weigh on growth and further stoke political tensions as shortages squeeze more and more voters.
Major banks are set to raise interest rates on time deposits amid a rise in long-term government bond yields.
BUSINESS / Companies
Nov 3, 2023

Major Japanese banks begin to raise time deposit rates

Deposit rates have been at extremely low levels for many years under the BOJ's massive monetary easing.
U.S. President Joe Biden boards Air Force One at Joint Base Andrews in Maryland on Friday.
BUSINESS / Economy
Nov 4, 2023

Biden jabs at China 'debt-trap diplomacy’ at Americas summit

In a summit with other Western Hemisphere leaders, Biden cast the U.S. approach as a healthier alternative for countries seeking global investment.
A stock board in Beijing last month. China’s benchmark CSI 300 has slumped 7.4% as a faltering economy dashed optimism over the nation’s reopening from COVID-19 restrictions.
BUSINESS / Markets
Nov 4, 2023

Japan’s fading rally drives some investors to cheap China shares

Japanese stocks have trounced their Chinese peers this year, but some investors are betting the tide is about to turn.
British Prime Minister Rishi Sunak listens to a question as he holds the closing news conference on the second day of the U.K. Artificial Intelligence Safety Summit at Bletchley Park, near Milton Keynes, England, on Thursday.
BUSINESS / Tech
Nov 4, 2023

China quietly took part in leaders' AI meeting in the U.K.

China said it attended a top-level ministerial meeting at the U.K. AI Safety Summit on Thursday, despite not being listed by Britain.
In some cases, it's up to individual foreign residents to understand the unique tax implications of their home countries and Japan in order to avoid a penny-pinching retirement.
COMMUNITY / How-tos / Age Wise
Nov 5, 2023

Retiring in Japan? Be prepared to foot your own bills.

“In an ideal world, everyone should have retirement planning on their radar as soon as possible when working life begins.”
A solar farm at the University of California in Merced
ENVIRONMENT / Energy
Nov 5, 2023

U.S. solar panel manufacturing boom threatened by cheap imports

Global solar panel prices have collapsed due to a wave of new Asian production capacity in recent months.
JAPAN
Nov 5, 2023

Loyal dog Hachiko still loved 100 years after birth

The statue of Hachiko in front of the station is known as a meeting place and also a popular spot for foreign tourists.
Chinese Premier Li Qiang speaks during the opening ceremony of the China International Import Expo in Shanghai on Sunday.
BUSINESS / Economy
Nov 5, 2023

China premier vows to boost imports and widen foreign market access

The Asian powerhouse's No. 2 official also vowed "to protect the rights and interests of foreign investors in accordance with the law."
Trading with borrowed shares will be banned for equities on the Kospi 200 Index and Kosdaq 150 Index from Monday until the end of June.
BUSINESS / Markets
Nov 5, 2023

South Korea to ban short-selling of stocks until June 2024

Investors say short-selling leads to unfair advantages for foreign and institutional investors.
German Chancellor Olaf Scholz. As the European Union’s biggest economy wrestles with a persistent slump and a surge in immigration, the specter of German nationalism has returned, leaving citizens more conflicted over their country’s direction than at any point since World War II.
WORLD / Politics
Nov 6, 2023

The far right is on the rise in Germany and Scholz is at a loss

Amidst economic challenges and surging immigration, German nationalism has reemerged.
Elon Musk, owner of X, attends an event in Paris on June 16.
BUSINESS / Tech
Nov 6, 2023

Musk to integrate xAI with social media platform X

The billionaire also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers.
Fujio Mitarai, chief executive officer of Canon, during an interview in Tokyo on Oct. 30
BUSINESS / Companies
Nov 6, 2023

Canon’s chipmaking technology promises advanced chips for less

The Tokyo-based firm’s new nano-imprint technology could open doors for smaller semiconductor manufacturers.
Motosaburo Saito at the headquarters of Oji Holdings, a building that won the Wood Design Award
ESG CONSORTIUM
Nov 6, 2023

Old-growth paper company Oji renews forests, products, vision

Oji Holdings, Japan’s leading paper manufacturer, is also its largest corporate forest owner. It studies and develops paper products and related materials and is committed to the maintenance of healthy forests. In a recent interview with The Japan Times, the general manager of Oji’s department on...
Steam rises from the cooling towers of the coal power plant of RWE, one of Europe's biggest electricity and gas companies, in Niederaussem, Germany.
BUSINESS / Companies
Nov 6, 2023

Just 4% of top firms meet U.N. climate target guidelines, study says

The pace of change among governments and corporations is set to form a central part of the COP28 climate talks starting later this month.
Blackstone's headquarters in New York
BUSINESS / Companies
Nov 6, 2023

Blackstone sees most Asia deal activity in Japan and India in 2024

The world’s largest alternative asset manager expects India and Japan to be its most active markets in Asia next year based on capital allocation.
Sundar Pichai, CEO of Alphabet, exits federal court in Washington on Oct. 30.
BUSINESS / Companies
Nov 7, 2023

Google's app store strategy bad for everyone, Epic says in court

Moves by Alphabet to thwart competition hurt developers and raise prices for consumers, the games firm said in opening statements.
NTT plans to test driverless vehicle technology with Toyota and invest in a U.S. startup.
BUSINESS / Companies
Nov 7, 2023

NTT to test driverless tech with Toyota and invest in U.S. startup

NTT aims to start tests with autonomous buses and taxis as early as 2025 and invest about ¥10 billion ($66.91 million) in U.S. startup May Mobility.
Shipping containers near the train station near the China–Laos border in Boten, Laos, on June 29. The Global Times, a newspaper backed by the China’s Communist Party, said the railway “connects hearts” and promotes development.
BUSINESS / Economy
Nov 7, 2023

China revamps lending to Global South as U.S. narrows spending gap

Beijing is moving away from the big bilateral deals in favor of collaborative lending that reduces its exposure to financial risk, a new report says.
Meta has said it will bar political advertisers from using Facebook's generative AI tools.
BUSINESS / Companies
Nov 7, 2023

Meta to restrict use of generative AI tools in political adverts

The move may limit campaigns' access to tools lawmakers have warned could turbocharge the spread of election misinformation.
New Chinese Premier Li Keqiang (left) and and his predecessor, Wen Jiabao (center), attend the 12th National People's Congress where Chinese President Xi Jinping was first elected in Beijing in March 2013.
COMMENTARY / World
Nov 7, 2023

China's opaque politics and the Li Keqiang mystery

Li reportedly had bypass surgery and was taking drugs after a liver transplant, both of which would have increased the risk of a heart attack.
Nintendo reported operating profit of ¥94.5 billion and revenue of ¥334.9 billion in the September quarter, both beating analyst expectations.
BUSINESS / Companies
Nov 8, 2023

Nintendo lifts annual profit forecasts

The Kyoto-based entertainment company said it now expects operating income of ¥500 billion ($3.3 billion), up from ¥450 billion previously.
While Toyota has avoided the kind of hit other Japanese automakers have taken in China from a shift to electric vehicles and the rise of domestic brands, it still faces pressure in the world's biggest auto market.
BUSINESS / Companies
Nov 7, 2023

Toyota extends output cut at Chinese JV to ease dealer pressure

The automaker has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition.
A structure of the Arctic LNG 2 joint venture is seen under construction near the settlement of Belokamenka, Murmansk region, Russia, in July last year
BUSINESS
Nov 7, 2023

U.S. sanctions on Russia LNG won't harm supplies, minister says

The industry minister said that Japan will ensure its energy supplies are not affected by U.S. sanctions on a Russian project in which it has a stake.
Australian Prime Minister Anthony Albanese meets with Chinese leader Xi Jinping at the Great Hall of the People in Beijing on Monday.
ASIA PACIFIC / Politics / ANALYSIS
Nov 8, 2023

China and Australia agree to mend ties. But will this impact security?

As the two nations agree to put bygones behind them and boost communication, questions remain over how this will impact security tensions in the region.
In a new program called Lantern, big tech companies will share signals of activity that violate their policies on child exploitation.
BUSINESS / Companies
Nov 8, 2023

Tech giants pool efforts to fight online child sex abuse

Child victims of abuse online are a hot-button issue for regulators and tech firms are eager to show they are taking adequate measures to protect them.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight