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July 08, 2025
 

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Krishna Srinivasan, director of Asia and Pacific at the International Monetary Fund, wrote in a blog post that global disinflation and the prospect of lower central bank interest rates had made a soft landing more likely.
BUSINESS / Economy
Apr 30, 2024

IMF boosts Asia growth forecast this year on China and India prospects

It expects Asia to grow 4.5% from the prior year — 0.3 percentage points higher than its previous forecast but still slower than last year’s 5% pace.
Japan's government debt has grown to the equivalent of more than 250% of the nation’s economy, more than any of its peers.
BUSINESS / Economy
Apr 30, 2024

Japan’s debt dilemma may doom any FX intervention, Brooks says

The consequences have been a sharply weaker yen, which has lost more than a quarter of its value against the U.S. dollar since March 2022.
Defense Minister Minoru Kihara takes part in an arrival ceremony with U.S. Secretary of Defense Lloyd Austin at the Pentagon in Washington last October.
JAPAN / Politics / FOCUS
Apr 30, 2024

‘Collective capacity’ to top agenda at four-way defense talks in Hawaii

One thing will be on Defense Minister Minoru Kihara's mind: how to deepen military and security cooperation with allies to counter China.
Japan's industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines.
BUSINESS / Economy
Apr 30, 2024

Japan’s factory output records weakest quarter since pandemic

The yen’s plunge to a fresh 34-year low versus the dollar could spur a resurgence of cost-push inflation via higher costs for imports of food and energy.
Prime Minister Fumio Kishida speaks to reporters in Tokyo on Tuesday.
JAPAN / Politics
Apr 30, 2024

What's next for Kishida after LDP's by-election loss?

Speculation has been rife over how he may decide to take responsibility, from dissolving parliament to making senior party leadership changes.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
BUSINESS / Markets
Apr 30, 2024

Did Japan intervene to prop up the yen? Analysts think it did.

The size and timing of the swing indicates that the government stepped in after the currency fell significantly.
The trial hearing of Masumi Hayashi, who denied killing four people and poisoning 63 at a festival by lacing a pot of curry with arsenic, was the focus of The Japan Times’ front page of May 14, 1999.
JAPAN / History / Japan Times Gone By
May 1, 2024

Japan Times 1999: Hayashi admits fraud, denies curry murders

The disturbing case of the Wakayama curry killer would continue for years, resulting in the eventual execution of the woman convicted of the crime.
The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week, according to a person familiar with the matter.
BUSINESS / Companies
May 1, 2024

Tesla axes most of supercharger team in blow to other automakers

The decision to cut the nearly 500-person group, including its senior director, Rebecca Tinucci, was made by CEO Elon Musk in the last week.
An analysis of the Bank of Japan's accounts suggests an intervention of about ¥5.5 trillion took place on Monday to prop up the yen.
BUSINESS / Markets
May 1, 2024

BOJ accounts suggest Japan intervened to support yen

The Bank of Japan said its current account will probably fall ¥7.56 trillion — much bigger than the drop of about ¥2.1 trillion estimated.
Former Binance CEO Changpeng "CZ" Zhao arrives at federal court in Seattle, Washington, on Tuesday. Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, was sentenced today to four months in prison after he pleaded guilty to violating laws against money laundering.
BUSINESS / Companies
May 1, 2024

Binance crypto founder Zhao sentenced to four months in prison

Once considered the most powerful crypto industry figure, Zhao, known as "CZ," is the second major crypto boss to be sentenced to prison.
A Starbucks logo adorns a store in Los Angeles in 2015.
BUSINESS / Companies
May 1, 2024

Starbucks posts first sales drop since 2020 amid global pullback

Consumers growing more hesitant to spend money has given Starbucks "perhaps the worst set of results of any large company so far," an analyst said.
Nepali TikTok influencers and twin sisters Princy (left) and Prisma Khatiwada take a selfie in Kathmandu on Monday.
ASIA PACIFIC / Society
May 1, 2024

Nepalis challenge TikTok ban after losing earnings, fans and a voice

The lives of owners of popular accounts were transformed by the platform, which had about 2.2 million users in the country.
A ceremony for the Self-Defense Forces' newly created cyberdefense force at the Defense Ministry in Tokyo in March 2022
JAPAN
May 1, 2024

Japanese government skips submitting active cyberdefense bill

The government planned to set up a panel of relevant experts in May, but this plan is now uncertain.
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
BUSINESS
May 1, 2024

Weak yen fattens tourist wallets in Japan

Spending per head soared 52% over the first three months compared with 2019.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024

Yen swings stir talk that Japan is in the FX market once again

The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a policy meeting at the BOJ's headquarters in Tokyo on March 19.
BUSINESS / Economy
May 2, 2024

BOJ saw need to let markets drive yields upon March exit: minutes

The bank ended eight years of negative interest rates and its bond yield control at its March policy meeting.
Advanced Micro Devices' processors and memory chips
BUSINESS / Tech
May 2, 2024

AI hardware stocks get pummeled even as big tech keeps spending

Hardware makers have seen their shares rally this year amid an arms race for artificial intelligence computing power that’s lifting sales and profits.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024

U.S. market swings reveal inflation uncertainty ahead of key data

Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Amazon’s Just Walk Out technology, which allowed customers to grab grocery items from a shelf and walk out of the store, is reportedly being phased out of its grocery stores.
COMMENTARY / World
May 2, 2024

Amazon's AI stores seemed too magical. And they were.

There are plenty more examples of companies that have failed to mention humans pulling the levers behind supposedly cutting-edge AI technology.
Attendees at the Leap technology conference in Riyadh, Saudi Arabia, on March 6, 202. The oil-rich country is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
WORLD / Politics
May 2, 2024

‘To the future’: Saudi Arabia spends big to become an AI superpower

Saudi Arabia was long a financial spigot for tech, but is now building its own industry.
Optica headquarters in Washington, D.C., on Tuesday
BUSINESS / Companies
May 3, 2024

Huawei secretly backs U.S. research, awarding millions in prizes

Huawei Technologies is the sole funder of a research competition that has awarded millions of dollars since its inception in 2022.
The U.S. Steel plant in Clairton, Pennsylvania
BUSINESS / Companies
May 3, 2024

Nippon Steel pushes back U.S. Steel acquisition until December

Nippon Steel has delayed acquiring United States Steel as the United Steelworkers union opposes the plan, along with U.S. President Joe Biden.
Students can learn faster by using tablets in the classroom. In Malawi, every dollar spent on this type of learning delivers over $100 worth of higher productivity in the long term.
COMMENTARY / World
May 3, 2024

The policies that deliver the most bang for a government's buck

Instead of making many grand promises, governments should prioritize smart policies that yield the highest returns, such as tablets in schools.
Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
LIFE / Style & Design / Longform
May 4, 2024

The 'outsiders' creating some of Japan's greenest spaces

Once an exotic curiosity, Japanese gardens have gone on to inspire green thumbs around the world.
Former U.S. Treasury Secretary Lawrence Summers
BUSINESS / Economy
May 4, 2024

Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale

Policymakers likely spent some ¥9 trillion this week, an analysis of Bank of Japan accounts shows.
Shunichi Suzuki, Japan's finance minister
BUSINESS / Markets
May 4, 2024

Japan’s finance minister keeps traders guessing on yen intervention

The comments came days after Japanese authorities apparently entered the market to support the yen on two occasions this week.
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan to prop up the currency.
BUSINESS / Markets
May 4, 2024

Traders spooked by intervention risk trim record yen shorts

Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan.
A businessman reads a newspaper outside a train station in Tokyo.
JAPAN
May 4, 2024

Japan drops to 70th in press freedom rankings

Japan fell by two places from last year, and was ranked lowest among the Group of Seven major countries.
Naoya Inoue (left) and Luis Nery following a pre-fight news conference in Yokohama on Saturday, two days ahead of their super bantamweight title fight.
MORE SPORTS / Boxing
May 5, 2024

'Monster' Inoue ready to tear down Luis Nery in title defense at Tokyo Dome

Ahead of boxing's highly anticipated return to the Big Egg, Naoya “Monster” Inoue said he's ready to knock out his opponent.
Volodymyr Zelenskyy
WORLD / Politics
May 5, 2024

Russia puts Ukraine's Zelenskyy on wanted list

Russia's Tass news agency reported that the Russian Interior Ministry database showed the Ukrainian leader was on a wanted list but gave no other details.
Heatstroke alert issued for 19 prefectures as Japan enters 'once-in-a-decade' heat wave
Japan will experience a heat wave through mid-July on a “level only seen once in a decade,” the Meteorological Agency said on June 30.
Japan braces for more quakes as authorities dismiss doomsday hype
Evacuees from Akuseki Island, located in the Tokara island chain in Kagoshima Prefecuture, arrive at Kagoshima Port on Friday.
Foreign nationals' presence in Japan emerges as key issue in Upper House poll
Prime Minister Shigeru Ishiba delivers a campaign speech next to a Liberal Democratic Party candidate for the Upper House (top center left) in Yokohama on Sunday.
Hidden AI prompts in academic papers spark concern about research integrity
Waseda University is one of 14 institutions in eight countries found to have used hidden prompts in research papers.
China’s housing crisis is worse than it seems
Residential buildings under construction in Shanghai in July 2022. The Chinese government risks long-term decline by repeating Japan’s policy mistakes in handling its real estate and demographic crises.
Ainu land rights in crosshairs as Hokkaido communities debate nuclear waste
A street in Suttsu, Hokkaido, with a sign put up by an anti-nuclear organization. The small community is considering hosting a facility that would hold nuclear waste.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.

Podcast

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

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji
By Alex K.T. Martin

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