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A Shiseido booth at the third China International Consumer Products Expo, in Haikou, Hainan province, in April
BUSINESS
Nov 10, 2023

Shiseido slashes profit forecast on Fukushima water release

Cosmetic products were at the center of a viral campaign that spread unproven safety allegations on Chinese social media platforms.
Cosmo Energy is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group, led by Yoshiaki Murakami, from increasing its stake to 24.56% from the current 20%.
BUSINESS
Nov 10, 2023

Japan's Cosmo braces for 'poison pill' anti-activist vote

The refiner is calling another shareholder vote on Dec. 14 to seek approval to discourage an activist group from increasing its stake.
Federal spending and political polarization prompted Moody's on Friday to lower its outlook on the U.S. credit rating to "negative" from "stable."
BUSINESS / Economy
Nov 11, 2023

Moody's turns negative on U.S. rating, drawing Washington's ire

Moody' lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability.
An assembly line at Honda Motor's  Performance Manufacturing Center in Marysville, Ohio, in November 2016
BUSINESS / Companies
Nov 11, 2023

Honda will give autoworkers 11% raise after UAW’s big wins

While nonunion automakers race to boost pay and keep the union out of its gates, the UAW is trying to organize foreign-owned factories in the U.S.
SAG-AFTRA President Fran Drescher speaks as she is flanked by Duncan Crabtree-Ireland, SAG-AFTRA's executive director and chief negotiator, during a news conference following the end of the Screen Actors Guild strike in Los Angeles on Friday.
BUSINESS
Nov 11, 2023

Actors union explains AI guardrails in strike deal

The Screen Actors Guild (SAG-AFTRA) reached a deal with studios like Disney and Netflix this week to end its nearly four-month strike.
US Treasury Secretary Janet Yellen speaks during a news conference in San Francisco on Friday.
BUSINESS / Economy
Nov 11, 2023

U.S. Treasury chief to 'intensify communication' with top Chinese official

U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues.
Toshihiro Mibe, president and chief executive officer of Honda at the Japan Mobility Show, in Tokyo in October
BUSINESS / Companies
Nov 12, 2023

Booming profits bolster Japan automakers’ cautious EV shift

The Japanese auto sector is on track this year to exceed its peak operating profit of around ¥5.4 trillion in fiscal 2015.
Indonesian President Joko Widodo walks with U.S. President Joe Biden on the sidelines of the G20 summit in Denpasar, Bali, Indonesia, on Nov. 16, 2022.
BUSINESS
Nov 13, 2023

U.S. and Indonesia to discuss potential EV mineral deal: sources

Indonesia, which has the world's biggest nickel ore reserves, in September asked the U.S. to begin discussions for a trade deal for critical minerals.
BUSINESS / Companies
Nov 13, 2023

E-scooter startup wins over Japanese regulators who confounded Uber

Tokyo-based Luup controls more than 90% of the country’s shared e-scooter market in terms of ride mileage, based on government-compiled data.
The Humane Ai Pin’s interface is projected onto the hand of company co-founder Bethany Bongiorno in San Francisco on Oct. 27. Humane, a company started by two former Apple employees, says its new artificial intelligence pin can stop all the scrolling.
BUSINESS / Tech
Nov 13, 2023

Silicon Valley’s bet on the device that comes after the smartphone

Humane's Ai Pin is being billed as the first artificially intelligent device.
Japan's producer prices rose 0.8% in October from a year earlier, the slowest pace of growth since gains resumed in March 2021.
BUSINESS / Economy
Nov 13, 2023

Japan’s input inflation slows below 2% for first time since 2021

A measure of input prices for Japanese firms rose 0.8% from a year earlier, the slowest pace of growth since gains resumed in March 2021.
JAPAN / Politics
Nov 13, 2023

State minister of finance resigns in further blow to Kishida

Kenji Kanda submitted his resignation after admitting that his firm had failed to pay fixed asset taxes.
U Moe Zaw Oo, the deputy foreign minister of the National Unity Government of Myanmar, a shadow government seeking recognition as the legitimate leadership of the country, at the group’s headquarters in Washington on July 17
ASIA PACIFIC / Politics
Nov 13, 2023

Fighting to govern Myanmar, from a teeny office in Washington

The U.S. capital attracts political refugees from all over the world who hope proximity to power will draw attention to their national plights.
A Komatsu dump truck at the Oyu Tolgoi copper-gold mine in Khanbogd, the South Gobi desert, Mongolia
BUSINESS / Tech
Nov 14, 2023

China tightens grip on copper, key to world’s energy transition

China’s copper smelting capacity will increase by another 45% by 2027
Major ports handling nearly 40% of Australia's freight trade may be crippled for days, officials said on Monday, three days after a cyberattack blocked the key gateways.
BUSINESS / Companies
Nov 14, 2023

The growing cybersecurity threat to global shipping

An attack on DP World's ports — which handle 40% of Australia's freight trade — was the latest in a series of breaches around the world in recent years.
Alex Zhavoronkov, founder and chairman of Insilico Medicine, poses at his research facility in Suzhou, China, on Oct. 31.
WORLD / Science & Health
Nov 14, 2023

Race for first drug discovered by AI nears key milestone

Insilico Medicine's AI-developed drug for idiopathic pulmonary fibrosis is in midstage trials in the U.S. and China.
U.S. President Barack Obama meets with Chinese leader Xi Jinping at the White House on Sept. 25, 2015. Speeches by the Chinese leader show how he was bracing for an intensifying rivalry with the United States from early in his rule.
ASIA PACIFIC / Politics
Nov 14, 2023

Behind public assurances, Xi Jinping spreads grim views on U.S.

Speeches by the Chinese leader show how he was bracing for an intensifying rivalry with the United States from early in his rule.
A giant panda at the Smithsonian National Zoo in Washington during one of its last days on American soil. Pandas Tian Tian, Mei Xiang and Xiao Qi Ji were returned to China on Nov. 8 upon Beijing's request.
COMMENTARY / World
Nov 14, 2023

Pandas don’t play diplomatic hard ball like China does

Panda diplomacy is endangered, with the forced return of three bears from Washington to China an exercise in "dumb power."
Mitsubishi UFJ Financial Group announced a $2.6 billion share buyback program after fiscal second-quarter profit tripled.
BUSINESS
Nov 14, 2023

Japan’s largest banks to buy back shares after profits soar

Japan’s biggest banks have unveiled plans to boost shareholder returns after posting record first-half profits, thanks in part to a cheaper yen.
AOG, an obscure London-based company, has been accused by aviation regulators of falsifying paperwork and supplying unauthorized components for turbines that power aircraft such as Boeing and Airbus.
BUSINESS / Companies
Nov 15, 2023

U.S. DOJ joins probe of fake-parts scandal gripping aviation industry

The U.S. Justice Department's involvement marks the first indication of scrutiny by law enforcement into the issue.
Japan Airlines is planning to pay a winter bonus equivalent to three months' salary in this fiscal year, up from the 1.7 months' salary for the fiscal 2022 winter bonus.
BUSINESS / Companies
Nov 15, 2023

JAL to pay highest winter bonus since 2012 relisting

The planned bonus is up sharply from the 1.7 months' salary for the fiscal 2022 winter bonus.
Toru Yamano, chairman of the Central Union of Agricultural Cooperatives, tastes Koshihikari brand rice from Niigata Prefecture that contains immature grains, during a news conference in Tokyo on Nov. 9.
BUSINESS
Nov 15, 2023

Torrid summer heat hits crop production in Japan

The extreme weather over the summer is now leading to lower shipments and sharp price increases.
BUSINESS / Companies
Nov 15, 2023

Japan’s Tsuruha weighs sale after proxy battle with Oasis

The company is working with an adviser on the potential transaction and has reached out to some private equity firms to gauge their interest.
Kuomintang head Eric Chu, Hou Yu-ih, the party's presidential candidate, former Taiwan President Ma Ying-jeou and the People’s Party chief Ko Wen-je posing for a group photo in Taipei on Wednesday. The two parties have agreed to team up to take on the ruling Democratic Progressive Party in the January election.
ASIA PACIFIC / Politics
Nov 15, 2023

Taiwan opposition unite to challenge presidential front-runner

The island's two main opposition parties have vowed to renew talks with China even as the ruling party decries interference from Beijing.
JAPAN
Nov 15, 2023

Visitors to Japan in October exceed pre-COVID level for first time

Visitor numbers improved to 100.8% of levels seen in 2019 before the outbreak of COVID-19 led to travel curbs around the world.
British Prime Minister Rishi Sunak appointed David Cameron as foreign secretary, a shock return to government for a man who previously led the country and whose legacy is defined for calling the Brexit referendum.
COMMENTARY / World
Nov 15, 2023

Sunak’s gamble on former U.K. leader Cameron is an act of desperation

The return of the former prime minister creates an unprecedented imbalance at the summit of U.K. power.
Trade Minister Yasutoshi Nishimura has said that trade talks with China could help stabilize relations.
JAPAN
Nov 15, 2023

Japan and China to hold regular talks on trade, media reports say

Trade Minister Yasutoshi Nishimura said the talks could help stabilize relations.
People pass an electronic board showing the rate of the yen against the dollar on a street in Tokyo on Wednesday.
BUSINESS
Nov 15, 2023

Former currency czar sees structural factors behind yen weakness

"I wonder whether overseas investors may be thinking what's in it for investing in Japan," said Rintaro Tamaki.
Armando Aroca, environmentalist, former guerrilla and current nursery manager of the Common Community Multi Active Cooperative (COMUCCOM) farm, points to a mural with the image of murdered environmentalist Jorge Santofimio in Puerto Guzman, Colombia, on June 27.
ENVIRONMENT
Nov 16, 2023

How the murders of activists hurt Colombian ecological preservation

Conservationists are targeted as their work poses a threat to illegal activities
Tunnel construction for the Hokkaido Shinkansen has proved slow in some areas due to geological reasons and the difficulty of blasting through the earth.
JAPAN / Society / Regional Voices: Hokkaido
Nov 20, 2023

Tight labor market puts Hokkaido Shinkansen 2030 goal in doubt

The 212-kilometer route now under construction will link cities between Hakodate, at the southern tip of the prefecture, and Sapporo.

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