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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.
United States Steel's Irvin Plant along the banks of the Monongahela River across from Glassport, Pennsylvania, in August
BUSINESS / Companies
Dec 19, 2023

Nippon Steel defends buying U.S. Steel at premium in global push

The American steelmaker has been considering potential transactions since mid-August, after rejecting an offer from rival Cleveland-Cliffs.
BUSINESS
Dec 19, 2023

Japan’s travel industry urges people to get their mighty passports

Japan’s passport gives visa-free entry to 192 global destinations, according to the latest Henley Passport Index.
Customers browse through items sold as part of the Uniqlo Pre-owned Clothes Project at the brand's Harajuku store in Tokyo in October.
BUSINESS / Companies
Dec 19, 2023

Japan revisits used garments as inflation adds to fashion appeal

Awareness of the sector's huge environmental impact has yet to spark much interest in secondhand options in the world third-biggest clothes market.
JAPAN
Dec 19, 2023

Japan unveils Osaka Expo costs

The government will bear ¥164.7 billion in direct expenses based on the latest estimate for venue construction costs.
Vietnamese Prime Minister Pham Minh Chinh and Chinese leader Xi Jinping meet in Hanoi on Dec. 13.
COMMENTARY / World
Dec 18, 2023

Everyone is trying to woo Vietnam. Why Hanoi’s ‘bamboo policy’ works.

It makes sense to court Vietnam, one of the region’s most dynamic economies. This year, it is expected to post about 5% growth, better than many others.
Narendra Modi, India's prime minister, speaks during a news conference ahead of the winter session of Parliament in New Delhi on Dec. 4.
WORLD / Politics
Dec 19, 2023

Five elections in 2024 that will shape the global order

With half the world heading to the polls in 2024, and some 30 countries electing a president, here are five key elections to watch.
BUSINESS
Dec 20, 2023

Japan’s post-pandemic tourists shift spending to crafts and jewelry

Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
Sacks of coffee beans at a storage unit in the Sidama region of Ethiopia.
BUSINESS / Companies
Dec 20, 2023

Coffee firms switch sources, evading impact of EU deforestation law

Under the new law, importers of various commodities and products that use them must prove goods did not originate from deforested land.
Recent attacks on vessels in the Red Sea by the Iran-aligned Houthi militant group have forced shipping companies to reroute around the Cape of Good Hope to avoid the Suez Canal.
BUSINESS / Companies
Dec 20, 2023

Companies rush to avert Red Sea attacks as shipping rates rise

They are exploring alternative routes to avoid the region where the Houthi militant group is actively targeting vessels.
Japan's exports in November fell for the first time in three months, dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies will complicate policymakers' efforts to wind back on stimulus.
BUSINESS / Economy
Dec 20, 2023

Japan’s exports dip as global slowdown puts pressure on recovery

Exports fell 0.2% from a year earlier despite weakness in the yen, dashing economists' hopes for a 1.4% increase and support from overseas demand.
A 2023 Toyota Prius vehicle during an auto show in New York in April
BUSINESS / Companies
Dec 20, 2023

In the birthplace of Toyota’s Prius, hybrids now reign supreme

Japan’s biggest carmakers have only recently promised to roll out a wider slate of battery-only models in the next two to three years.
Some analysts believe Japan's stock market will be fragile in the coming months due to such factors as weak consumer spending and political instability.
BUSINESS / Markets
Dec 20, 2023

Japanese stocks expected to face early hurdles in 2024

Analysts see the nation’s equities indexes struggling over the next few months due to factors such as a stronger yen and weak consumer spending.
Muscat International Airport in Oman was ranked No. 1 in AirHelp’s just-released annual global airport scores.
BUSINESS
Dec 20, 2023

Japan scores highly in ranking of 2023’s best and worst airports

More than 4,000 airports worldwide were assessed for on-time performance, airport navigation, food and shopping options.
JAPAN / Crime & Legal
Dec 20, 2023

Women arrested for prostitution in Shinjuku tripled in 2023

The issue of women going into prostitution as a result of loans used to finance host club visits has become a huge problem.
Music streaming service Spotify started offering audiobooks in October, but not everyone in the book industry is thrilled.
BUSINESS / Companies
Dec 20, 2023

Spotify's push into audiobooks sparks concern among authors

Spotify began offering complimentary audiobooks to millions of customers in October as part of their monthly subscriptions.
While non-Japanese readers have in recent years been spoiled for choice when it comes to Japanese literature in translation, there is still a wealth of notable works that translators would love to see rendered into English.
CULTURE / Books
Dec 20, 2023

A wish list of hidden gems for Japanese literature lovers

Eight translators reveal their top Japanese books that English readers have yet to enjoy.
Voters in countries representing more than 40% of the world’s population, including India, Indonesia and the U.S., will go to the polls between now and the end of 2024.
COMMENTARY / World
Dec 18, 2023

Democracy and climate politics are set to collide next year

Voters in countries representing more than 40% of the world’s population will go to the polls between now and the end of next year.
Tokyo-based Bridgestone decided in March 2022 to suspend all manufacturing activities and freeze new investments in the Russia following Moscow's invasion of Ukraine.
BUSINESS / Companies
Dec 20, 2023

Bridgestone exits Russia with asset sale to serial buyer S8 Capital

Bridgestone, present in Russia since 1998, decided in March 2022 to suspend all manufacturing activities and freeze new investments in the country.
BUSINESS
Jan 2, 2024

Full-cycle onshore aquaculture in the spotlight in Japan

The farming method is being developed at a time when factors including overfishing are leading to falls in stocks.
Japan's real economic growth rate for fiscal 2023 ending in March 2024 is estimated at 1.6%, up from 1.3% seen half a year ago.
BUSINESS / Economy
Dec 21, 2023

Japanese government lifts economic growth estimates

The real economic growth rate for fiscal 2023 ending in March 2024 is estimated at 1.6%, up from 1.3% seen half a year ago.
The Galaxy Leader cargo ship is escorted by Houthi boats after being hijacked in the Red Sea in this photo released on Nov. 20.
BUSINESS / Companies
Dec 21, 2023

Exporters explore flights to avoid deepening Red Sea bottleneck

Iran-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea since Nov. 19.
A line worker installs an airbag at GM's Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, in 2018.
BUSINESS / Companies
Dec 21, 2023

Carmakers battle massive air-bag recall that may cost $10 billion

The U.S. safety regulator could recall as 52 million air-bag inflators made by ARC Automotive after some were reported to have exploded.
In Japan, most of the trending hashtags on X on Thursday are related to the platform's outage.
BUSINESS / Tech
Dec 21, 2023

Social media platform X back up after wide-scale outage

Social media platform X suffered a global outage on Thursday, with users being unable to view posts.
Police officers stand guard outside the Liberal Democratic Party headquarters in Tokyo on Dec. 14. The ruling party is currently trying to contain a funding scandal that threatens the future of the Kishida administration. 
COMMENTARY / Japan
Dec 20, 2023

'Strategic Communication' is a missing link in Japan's crisis management

From gaffes to governance, lessons in "strategic communications" for Japanese politicians.
Former education minister Kisaburo Tokai, who has been tapped as Liberal Democratic Party policy chief, speaks to reporters Thursday at the Prime Minister's Office.
JAPAN / Politics
Dec 21, 2023

Kishida makes more LDP leadership changes in bid to restore trust

The changes come a week after he dismissed four key members of his Cabinet who were also Abe faction members suspected of receiving unreported funds.
Real Madrid's Luka Modric battles for the ball with FC Barcelona's Ilkay Gundogan during a match in October. Plans for a European Super League bringing together elite soccer clubs such as the two Spanish outfits won a surprise boost on Thursday.
SOCCER
Dec 22, 2023

Teams shun European Super League despite shock court victory

UEFA and FIFA are "abusing a dominant position” by applying arbitrary rules on approval, control and sanctions, the top EU court said.

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