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May 07, 2025
 

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Nissan and its group firms have about $1.6 billion of debt due next year, a slight decrease from 2024, but that figure will jump to around $5.6 billion in 2026, the most in Bloomberg-compiled data going back to 1996.
BUSINESS / Companies
Nov 15, 2024

Nissan faces record debt bill with one year left to fix finances

The automaker and its group firms are seen having about $5.6 billion in debt due in 2026.
Democratic Party for the People head Yuichiro Tamaki speaks to reporters in Tokyo on Nov. 8.
JAPAN / Politics
Nov 15, 2024

DPP leader clashes with governors over tax-free income limit

Prefectural governors fear that raising the ¥1.03 million limit would means less central government tax money for local services.
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
BUSINESS / Markets
Nov 19, 2024

Two of America’s biggest debt holders are dumping Treasurys

Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30.
A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
BUSINESS / Tech
Nov 21, 2024

Honda hopes to double EV driving range with solid-state batteries

Such batteries will replace liquid-state lithium-ion batteries currently in use, Honda R&D chief Keiji Otsu says.
The labor ministry will urge companies to take action against the practice of forcing employees to buy their own products to meet sales quotas.
JAPAN / Crime & Legal
Nov 26, 2024

Japan steps up measures against firms forcing workers to buy own products

The labor ministry will define such practices as a form of power harassment and require companies to take action when they occur.
Oil drilling equipment on federal land near Fellows, California. Drilling activity on federal lands and waters accounts for about a quarter of U.S. oil production and 12% of gas output.
WORLD / Politics
Nov 26, 2024

Trump prepares wide-ranging energy plan centered on gas and oil, sources say

The plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump's early agenda.
Chinese Defense Minister Dong Jun attends the opening ceremony of the Xiangshan Forum at the Beijing International Convention Center on Sept. 13. Dong is the third consecutive incumbent or former defense chief to be probed over alleged corruption.
ASIA PACIFIC / Politics
Nov 27, 2024

China defense minister being investigated for corruption, report says

The probe could undermine efforts to maintain military-to-military communications just months before Donald Trump returns to the White House.
Employees work on assembling vehicles at a SAIC Volkswagen plant in Urumqi, in China's Xinjiang Uyghur Autonomous Region, in September 2018.
BUSINESS / Companies
Nov 27, 2024

VW confirms plans to exit controversial Xinjiang operation

The decision to free itself from the plant comes as the firm is battling to boost flagging sales in China.
In the United States, Temu has bid on keywords including "Walmart Black Friday deals," "Kohls Black Friday," and "Bed Bath Beyond." Shein has bid on keywords including "Walmart clothes," "Zara jeans," and "Mango dresses."
BUSINESS / Tech
Nov 28, 2024

Online marketing costs jump amid bidding war by Temu and Shein

Both platforms' aggressive bids on search keywords used by competitors make it more costly for other retailers and brands to reach shoppers on Black Friday.
High-rise buildings in Tokyo. Through faking documents and passports a criminal group conspired to pose as the owner of a real-estate plot and buildings in Tokyo's Shinagawa Ward in 2017, defrauding Sekisui House of ¥5.5 billion.
JAPAN / Crime & Legal
Nov 28, 2024

Real-life ‘Tokyo Swindlers’ ordered to pay ¥1 billion in damages

The Tokyo District Court ruled that the defendants knew they were engaging in a fraudulent scheme in their dealings with Sekisui House.
Sharp's plant in Sakai, Osaka Prefecture, that has ceased production of large liquid crystal display panels for television, a symbolic end to the company's signature business.
BUSINESS / Companies
Dec 1, 2024

Sharp marks end of era with halt to large LCD panel production

Now owned by a Taiwanese investor, Sharp has also scaled back production of small and medium-sized LCD panels used in smartphones and personal computers.
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.
A brown bear in Hokkaido. In the city of Akita, a bear that attacked a supermarket employee over the weekend was captured in a box trap on Monday morning.
JAPAN / Society
Dec 2, 2024

Bear that attacked Akita supermarket employee captured

The animal, which attacked a 47-year-old male employee on Saturday morning, was captured in a box trap on Monday morning.
Female company presidents are mostly found at small businesses in Japan.
BUSINESS / Economy
Dec 2, 2024

8.4% of Japanese companies led by women in 2024

Female presidents tend to be found at smaller companies, with 11.9% of companies with less than ¥50 million in annual sales having a female boss.
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Dec 3, 2024

Nomura CEO takes pay cut after former employee charged with attempted murder

The CEO and four other executives will take a 30% pay cut for three months, while five members of the board will take a 20% pay cut for the same period.
The departure of Intel CEO Pat Gelsinger opens the possibility of fresh deal talks.
BUSINESS / Companies
Dec 4, 2024

Intel’s CEO departure opens door to new deal discussions

The CEO's departure is also an opportunity for suitors to take another look at acquiring some or all of Intel.
People in cities across Japan will pop into their local convenience store for any number of products they believe will help them with a night of drinking.
LIFE / Lifestyle / Longform
Dec 6, 2024

Hangover cures are everywhere in Japan — but do they work?

Japan’s suspect remedies make up 20% of the world’s market for hangover cures, but their success lies more in marketing than science.
The Tokyo-based company Kioxia Holdings’ IPO price was ¥1,455, right at the middle of its range. That valued the firm at ¥784 billion ($5.2 billion).
BUSINESS / Companies
Dec 9, 2024

Bain-backed Kioxia sets IPO price, valuing memory maker at $5.2 billion

The Tokyo-based company’s IPO price was ¥1,455, right at the middle of its range.
Kioxia priced its stock at ¥1,455 ($9.6), at the middle of the price range it proposed before the IPO.
BUSINESS / Companies
Dec 10, 2024

Kioxia’s jumbo IPO shows weak sign contrary to booming market

The Bain Capital-backed memory-chip manufacturer priced its stock at ¥1,455 ($9.6), at the middle of the price range it proposed before the IPO.
The Northvolt Drei EV battery plant in Heide, Germany, one of several European-led battery facilities to have been delayed or canceled.
BUSINESS / Companies
Dec 10, 2024

Europe’s big battery ambitions are failing, and China is benefiting

Fallout is spreading across the region as EV demand wanes and local manufacturers struggle to master the technology.
Mao Geping, chairman of Mao Geping Cosmetics Co., gestures during the company's listing ceremony at the Hong Kong Stock Exchange on Tuesday.
BUSINESS / Companies
Dec 11, 2024

China makeup mogul is a billionaire after hot Hong Kong debut

Mao Geping's namesake skincare and cosmetics firm, which listed Tuesday, raised HK$2.3 billion ($300 million) in its initial public offering.
A restaurant owner waits for customers at her empty restaurant in Seoul on Oct. 31.
ASIA PACIFIC / Society
Dec 11, 2024

South Korea's fading nightlife signals shift in hard-drinking culture

The change has been driven by corporate Korea's slowdown on after-work drinking sessions, younger female workers' refusal to partake and inflation.
Nvidia will end the year with about 4,000 people in China, up from just about 3,000 at the start of 2024, people familiar with its operations said.
BUSINESS / Tech
Dec 12, 2024

Nvidia steps up hiring in China to focus on AI-driven cars

The tech giant will end 2024 with about 4,000 employees in China, after starting the year with around 3,000.
Mitsubishi Electric CEO Kei Uruma
BUSINESS / Companies
Dec 13, 2024

Mitsubishi Electric explores forming power chip alliances in Japan

A sense of urgency is growing in the power chip industry as Japanese companies fall further behind German market leader Infineon Technologies.
A Hight Logistics electric BYD truck is loaded with a container at a seaport in Long Beach, California, in April 2023.
BUSINESS
Dec 15, 2024

Chinese firms take on EV truck challenges

Fleets of electric heavy goods vehicles from China have been growing internationally, even as Western countries target the country's EV cars with heavy sanctions.
Disney and Oriental Land executives pose with Disney characters at the unveiling of an expanded cruise line, in Urayasu, Chiba Prefecture, earlier this year.
BUSINESS / Companies / FOCUS
Dec 16, 2024

Tokyo Disney Resort operator eyes cruises for new growth

The company plans to invest approximately ¥330 billion in the project, hoping to launch services in fiscal 2028.
Mannequins are displayed inside a lingerie showroom at WeMet Industrial Park in the Guanyun county of Lianyungang, Jiangsu province, China, on Nov. 26.
BUSINESS / Economy
Dec 16, 2024

China's 'erotic clothing' capital braces for e-commerce crackdown

The development of the lingerie industry in eastern Guanyun county in China has exploded partly due to a U.S. tariff exemption likely to soon be curtailed or scrapped.
Employees of Takahashi Shouten working on the trial production of sake in New Delhi on Nov. 14.
BUSINESS / Companies
Dec 17, 2024

Japanese sake brewery to make foray into Indian market

Takahashi Shouten, based in the city of Yame in Fukuoka Prefecture, launched a subsidiary in India in February.
Islamic Revolutionary Guard Corps (IRGC) Commander-in-Chief Maj. Gen. Hossein Salami reviews military equipment during an IRGC ground forces military drill in the Aras area, East Azerbaijan province, Iran, on Oct. 17, 2022.
WORLD / Politics
Dec 18, 2024

Iran's Revolutionary Guards extend control of oil exports, sources say

All aspects of the oil business have come under the growing influence of the Guards.
Nissan President and CEO Makoto Uchida (left) and Honda President and CEO Toshihiro Mibe hold a news conference in Tokyo in March. Both automakers have been working together for months on a deal of some sort.
BUSINESS / Companies
Dec 18, 2024

Honda and Nissan might combine to form world’s No. 3 auto group

Mitsubishi, which has been working closely with Nissan since 2016, also might join the grouping.
Why are rice prices still high in Japan?
Amid shortages, the price of a 5-kilogram bag of rice during the week of April 14 was ¥4,220.
Dollar’s decline is fueling dislocations across Asian currencies
A worker counts U.S. dollar banknotes at a currency exchange office in Jakarta, Indonesia, in 2022.
India strikes Pakistan over Kashmir tourist killings
Indian paramilitary personnel stand guard along a road in Srinagar on Wednesday after New Delhi launched missile strikes on archrival Pakistan in a major escalation between the nuclear-armed neighbors.
Tariff talks with U.S. seen influencing Japan's Upper House election
Prime Minister Shigeru Ishiba speaks to reporters about Japan-U.S. tariff negotiations at his official residence on Saturday.
Japan and India to set up new consultation defense cooperation framework
Defense Minister Gen Nakatani (right) stands alongside his Indian counterpart, Rajnath Singh, during a ceremonial reception in New Delhi on Monday.
Former sekiwake Toyonoshima is new head coach at innovative women’s club
Former sekiwake Toyonoshima and Airi Hisano train at Tachihi Sumo Club on May 1.
The drive for luxury: Aston Martin Asia's president explains the desire for more
While for Aston Martin, it’s all about delivering luxury, their regional president for Asia Gregory Adams' start in the auto industry in Japan was far more humble.
Why are rice prices still high in Japan?
Amid shortages, the price of a 5-kilogram bag of rice during the week of April 14 was ¥4,220.
Plug and Play wants to help Japanese startups go global
Phillip Vincent (right), Japan CEO of Plug and Play, and Ma Jingqian, head of ventures, at Plug and Play's Tokyo office, last month
Kotomi Li: 'I refuse to choose death'
Since 2017, Kotomi Li has won some of Japan’s top literary awards and built a formidable career in the face of persistent online harassment. “Authors are tenacious creatures to begin with,” she says.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan
By Hanako Lowry

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