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ASML chief executive officer Peter Wennink (right) welcomes South Korean President Yoon Suk-yeol during the latter's visit to ASML facilities in Veldhoven, the Netherlands
BUSINESS / Tech
Dec 13, 2023

ASML and Samsung ink chip deal as Yoon visits Netherlands

Semiconductor powerhouses agreed to set up a research plant using next-generation extreme ultraviolet equipment in South Korea.
An oil pump outside Saint-Fiacre, near Paris, in 2019
BUSINESS
Dec 13, 2023

Big Oil's bid to woo ESG investors fails to impress

A pledge by 50 of the biggest oil and gas companies at the U.N. climate talks in Dubai commits to reaching near-zero methane emissions by 2030.
Shingo Takashima, a 26-year-old doctor, killed himself three months into his specialty doctor training at a general hospital in Kobe.
JAPAN / Society / FOCUS
Dec 13, 2023

Young doctor’s suicide highlights overwork culture at Japan hospitals

The issue is coming into sharper focus ahead of the April implementation of a legal cap on doctors’ overtime.
South Korean Lee Kyung-woo was sentenced to life in prison in October for the kidnapping and murder of a 48-year-old woman over a crypto dispute.
ASIA PACIFIC / Crime & Legal
Dec 13, 2023

Crypto and ketamine: The murder that shocked South Korea

Case resembling K-drama plot emerges in safe and almost drug-free country where violent killings are rare.
Wiring connects photovoltaic panels at the Al Dhafra Solar project, constructed by Electricite de France (EDF) and Jinko Power Technology, in Abu Dhabi, United Arab Emirates, in January.
ENVIRONMENT / Climate change
Dec 13, 2023

China’s pressured clean energy industry sees Saudi potential

Saudi Arabia is said to offer benefits including low-cost electricity, good relations with other countries and a central location.
Japan is aiming to boost renewable power capacity to help achieve its 2050 goal of becoming carbon neutral.
BUSINESS
Dec 13, 2023

Three groups picked for second round of offshore wind power tender

Japan's offshore wind power market is set to grow as the government aims to have 10 gigawatts of offshore wind farm deals by 2030.
Shohei Ohtani is joining a franchise that has long been a trailblazer in an increasingly diverse and global game.
BASEBALL / MLB
Dec 13, 2023

In a land of stars, Los Angeles can’t stop talking about Ohtani

Dodgers fans were still beside themselves days after Ohtani agreed to the most lucrative contract in sports history.
Taiwan Semiconductor Manufacturing Co.’s new factory in Kumamoto Prefecture. New chipmaking plants in Japan are raising questions about securing workers and adequate water supplies.
BUSINESS / Tech
Dec 19, 2023

Kumamoto and Hokkaido face common tasks of securing water and talent

With ambitious projects advancing, the two prefectural governments forged an agreement in August, aiming to facilitate exchanges of information.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington on Wednesday. The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished, forecasting a series of cuts next year.
BUSINESS / Economy
Dec 14, 2023

Fed prepares to shift to rate cuts in 2024 as inflation eases

Updated quarterly forecasts showed Fed officials expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September.
The Nikkei will rise to 37,750 and the benchmark Topix to 2,650 by the end of next year, suggesting another 12% to 15% of upside for the country’s stocks, according to a median estimate of analysts.
BUSINESS / Markets
Dec 14, 2023

Bears vanish as world-beating Japanese stocks set for more gains

The Nikkei and Topix are on track for the biggest increases of any major benchmark stock index globally this year.
The yen climbed by more than 1% against the dollar to the ¥140-range in Thursday trading.
BUSINESS / Markets
Dec 14, 2023

Yen gains over 1% as Fed pivots to rate cuts ahead of BOJ meeting

The Japanese currency surged past the four-month high of ¥141.71 reached last week amid dollar weakness due to dovish moves by the Fed.
COMMENTARY / World
Dec 14, 2023

It’s time to kick our addiction to fossil fuels

The COP28 deal is historic in that it calls for a transition away from fossil fuels for the first time, but it's too weak to tackle the climate emergency.
JAPAN / Politics / ANALYSIS
Dec 14, 2023

Japan’s next-gen fighter project with U.K. and Italy hits milestone

The three countries agreed to establish an intergovernmental organization, divide up work share and set out the roles of each partner.
JAPAN / Crime & Legal
Dec 14, 2023

Former Tokyo Games executive pleads not guilty over bribery

Haruyuki Takahashi is accused of accepting about ¥200 million in bribes to help firms be selected as sponsors and marketing agents for the Games.
A law requires the Pentagon to inform Congress and extensively justify any program when costs exceed the original estimate by 15%, 25% or as much as 50% depending on the categories measured.
BUSINESS / Companies
Dec 15, 2023

New U.S. ballistic missile costs risk project termination

A U.S. Air Force review will take about 45 days before a determination is made as to whether the ICBM program exceeds congressional cost thresholds.
The Bank of Japan headquarters in Tokyo. BOJ Gov. Kazuo Ueda told lawmakers in parliament that his job was about to get even more "challenging” from the end of the year, adding to speculation of looming action by the central bank.
BUSINESS
Dec 15, 2023

BOJ set to stay outlier as 2024 hike seen in contrast to Fed

The Bank of Japan has become used to being a policy outlier over its decades-long quest to vanquish deflation. It’s likely to be no different in 2024.
Fujifilm has added the Instax Pal, a new palm-sized model, to its Instax instant camera lineup known as Cheki in Japan.
BUSINESS / Companies
Dec 15, 2023

Japanese camera-makers focusing on Gen-Z

Offerings tout unique features to appeal to those wanting something beyond smartphone photography.
Media mogul Jimmy Lai, the founder of now-shuttered pro-democracy newspaper Apple Daily and one of the most prominent Hong Kong critics of China's Communist Party leadership, has faced a salvo of litigation since a wave of pro-democracy demonstrations in 2019.
ASIA PACIFIC / Politics
Dec 15, 2023

China crackdown on Hong Kong in focus as Jimmy Lai goes on trial

Media tycoon faces possible life imprisonment on charges he colluded with foreign forces, including the U.S.
From left: Naho Sato, President Masamichi Idemitsu and Naoki Tajima
ESG CONSORTIUM
Dec 18, 2023

Mita Kosan develops real estate, community in central Tokyo area

Mita Kosan Co. Ltd., a real estate developer and leasing company, is housed in an office building right across the road from Keio University’s East Gate in the Mita district of Tokyo’s Minato Ward. The area has a uniquely mixed atmosphere: premium and academic, yet homey with a lot of small local...
COMMENTARY / Japan
Dec 15, 2023

Why should any city want to host a world expo?

The projected budget for the 2025 Osaka Expo has nearly doubled and netizens and opposition politicians are calling for a cancellation.
Baseball player Shohei Ohtani speaks during a news conference on his presentation after signing a 10-year deal with the Los Angeles Dodgers at Dodgers Stadium in Los Angeles, California, on Thursday.
BUSINESS / Companies
Dec 15, 2023

Dip Corporation shares rise after Ohtani named brand ‘ambassador’

Shares in the internet job agency gained by as much as 8.9% in Tokyo trading after the firm announced its tie-up with the star baseball player.
Inter Miami forward Lionel Messi celebrates after scoring a goal during a match in Fort Lauderdale, Florida, in July.
SOCCER
Dec 16, 2023

Inter Miami adds Tokyo stop to Messi tour next February

The Argentine superstar will lead Inter Miami into a match against reigning champions Vissel Kobe at the 60,000-seat National Stadium on Feb. 7.
South Korea's Jung Hoo Lee bats during a World Baseball Classic pool game against Australia at Tokyo Dome on March 9.
BASEBALL / MLB
Dec 16, 2023

South Korea's Lee promises to impress San Francisco Giants fans

The 25-year-old left-handed slugger won five Golden Gloves as best overall KBO League player at his position over his seven seasons for the Kiwoom Heroes.
From left: Masashi Matsuyama, vice president of Nissan and president of Nissan (China) Investment, Takao Asami, senior vice president of Nissan, and Rika Kiritake, vice president of Nissan, hold a news conference at Tsinghua University in Beijing on Sunday.
BUSINESS / Companies
Dec 17, 2023

Nissan to export China-developed EVs to global markets

The firm is considering exporting internal combustion engine vehicles and upcoming electric cars manufactured and developed in China to overseas markets
A view of the city of Ayodhya, India
ASIA PACIFIC / Society
Dec 18, 2023

Temple promised by BJP transforming Indian city but some miss out

Laborers are finalizing a $6 billion infrastructure facelift in Ayodhya that is igniting an economic boom and driving up land prices.
Mercedes driver Lewis Hamilton removes his helmet after the qualifying session for the Abu Dhabi Grand Prix on Nov. 25.
MORE SPORTS / Auto Racing
Dec 18, 2023

Button expects Hamilton to bounce back 'with the right car'

For the second year running, Mercedes driver Hamilton has failed to win a grand prix.
Market players see the yen rallying next year as the Bank of Japan exits the world’s last negative interest rate regime and its global peers cut borrowing costs.
BUSINESS / Markets
Dec 18, 2023

2023's big currency flop is top pick for year ahead, again

The BOJ's expected unwinding of its ultraeasy monetary policy and the prospects of lower borrowing costs elsewhere set the stage for the yen to rebound.
Kokusai Electric CEO Fumiyuki Kanai foresees sustained investment in China and plans to increase staff there.
BUSINESS / Companies
Dec 18, 2023

Japan’s Kokusai aims to build on 66% rally as China demand booms

The producer of chip fabrication equipment will enlarge its Chinese footprint to tap the growing market, according to CEO Fumiyuki Kanai.
Michael Bloomberg, U.N. special envoy for climate ambition and solutions, speaks during a summit on methane and other greenhouse gases at COP28 in Dubai on Dec. 2.
COMMENTARY / World
Dec 18, 2023

What did COP28 achieve?

With pledges to cut methane, among other achievements, COP28 may have helped reduce the costs of decarbonization — an essential stepping stone.
Antoine Flamarion, co-founder of Tikehau Capital. Nikko Asset Management is in advanced talks to acquire a stake in the French asset manager.
BUSINESS
Dec 18, 2023

Nikko in talks to buy Tikehau stake and form Asia partnership

The deal would involve a distribution agreement in Japan and elsewhere in Asia and a joint venture in private markets investment strategies in the region.

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