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July 08, 2025
 

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Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024

Half of new NISA investments went to Japanese stocks

Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.
A Rapidus factory under construction in Chitose, Hokkaido on April 26. The Tokyo-based chipmaker was set up with the aim to realize domestic production of state-of-the-art semiconductors.
BUSINESS / Companies / FOCUS
May 6, 2024

Rapidus gearing up for mass production of next-generation chips

About three years before the planned start of mass production, Rapidus faces a host of difficult challenges, especially over technology and profitability.
One analyst said Japanese policymakers "hid the intervention well," pointing to the ways they may have used to fund currency interventions recently.
BUSINESS / Markets
May 6, 2024

Market hunts for signs of yen intervention in Fed accounts

Recent data suggests that Japanese policymakers may have funded currency interventions using a Fed facility where central banks stash overnight cash.
Over the past two years, 2.4 million people arrived in Canada, more than the population of the U.S. state of New Mexico. Yet Canada barely added enough housing that would cater to just the residents of the New Mexico capital of Albuquerque.
BUSINESS / Economy
May 6, 2024

Global housing shortages are crushing immigration-fueled growth

In developed economies such as Canada, Australia and the U.K., life is getting tougher for both locals and immigrants alike.
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
JAPAN / Crime & Legal / FOCUS
May 6, 2024

Tokuryū, a new crime menace in Japan, emerges from the shadows

Unlike the yakuza, which have a hierarchical structure and strict codes of conduct, they lack a clear organizational structure and thrive on anonymity.
Quantas will pay out AU$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay an AU$100 million fine instead of defending the lawsuit that it had previously vowed to fight.
BUSINESS / Companies
May 6, 2024

Australia's Qantas to pay $79 million to settle flight cancellation case

The fine is the biggest ever for an Australian airline and among the largest globally in the sector.
McLaren's British driver Lando Norris celebrates on the podium after winning the 2024 Miami Formula One Grand Prix at Miami International Autodrome in Miami Gardens, Florida, on Sunday.
MORE SPORTS
May 6, 2024

McLaren's Norris wins Miami Grand Prix for maiden F1 win

Mercedes pair Lewis Hamilton and George Russell finished sixth and eighth with RB's Japanese driver Yuki Tsunoda ending seventh.
Mikuni Minato is not a town that has recently fallen on hard times — it's been that way for a century.
LIFE / Travel
May 7, 2024

48 hours in Mikuni Minato, Japan’s port town that time forgot

A trip to Mikuni Minato may not appeal to the average tourist, but well-traveled residents will find it fascinating.
Enamored with Japanese cuisine, Xander Soren sought to create the perfect Pinot Noir to suit the country's most common flavors.
LIFE / Food & Drink / Kanpai Culture
May 7, 2024

A Californian Pinot Noir bred for the Japanese table

In November, a former Apple employee launched Xander Soren Wines and its Pinot vintages exclusively in Japan.
Indian Prime Minister Narendra Modi speaks during a campaign rally in Agra, in Uttar Pradesh, on April 25.
ASIA PACIFIC
May 7, 2024

Modi’s home state votes in heated Indian election campaign

India’s election entered its third phase Tuesday, with campaigning becoming increasingly acrimonious between the two main parties.
Auto parts maker Toyoda Gosei makes bags and other items by reusing its mainstay air bag products.
JAPAN
May 7, 2024

Upcycling efforts spread among Japanese companies

Japanese companies are increasingly engaging in upcycling efforts, or adding new value to used products and waste materials, as part of their environmental and social contributions and to generate profits.
Masato Kanda, vice minister of finance for international affairs, reiterated the currency authorities' readiness to step into the market for speculative-driven foreign exchange moves.
BUSINESS / Markets
May 7, 2024

Japan warns of action over rapid currency moves

Comments by the government's top currency diplomat, Masato Kanda, reinforced Tokyo's readiness to intervene again to support a fragile yen.
Tokyo DisneySea Fantasy Springs Hotel is set to open in June in the theme park's new section featuring areas based on "Frozen," "Tangled" and "Peter Pan."
BUSINESS
May 7, 2024

Tokyo DisneySea taps ‘Frozen’ and 'Peter Pan' in ¥320 billion expansion

The expansion, which opens to the public June 6, is expected to help boost total annual sales by ¥75 billion.
Visitors in Macau on May 2. More than a year since China reopened its borders, some 63% of its residents say they’re ready to return to exploring the world, according to a survey published on April 24.
BUSINESS / Economy
May 7, 2024

China’s thrifty travelers show consumer confidence is weak

While more traveled over the five-day Labor Day break in comparison with 2019, each of them spent less on average.
Sony’s shares have dropped more than 5% this year, compared with a 16% gain in the Topix index, amid a global electronics slump.
BUSINESS / Companies
May 7, 2024

Sony shares fall as offer for Paramount spurs financing concerns

Investors are worried because the $26 billion proposal is larger than the Japanese electronics company's cash holdings.
Workers head to Daihatsu Motor's plant at its headquarters in Ikeda, Osaka Prefecture, on Tuesday.
BUSINESS
May 7, 2024

Daihatsu resumes production at all plants

All of Daihatsu's four finished vehicle assembly plants in Japan are back online for the first time in about four months.
Stellantis premium brand Alfa Romeo reveals the Milano, its first fully electric car, during an event in Milan on April 10.
BUSINESS / Tech
May 7, 2024

EU election could force sharp turn in electric car policy

Europe's right-wing parties have made cancelling the 2035 deadline to phase out sales of internal combustion engine cars a rallying cry.
A vehicle carrying Seiha Sekine, the 32-year-old common-law husband of the deceased Tokyo couple's first daughter, leaves a police station in Tokyo's Shinagawa Ward on Tuesday.
JAPAN / Crime & Legal
May 7, 2024

Two more arrested over brutal murder of couple in Tochigi

Police suspect the Tokyo couple's murder was orchestrated by their daughter's common-law husband, who managed some of the restaurants they operated.
Despite logging a record net profit in the year to March, helped by the weak yen, Nintendo expects net profit to drop nearly 40% in the current financial year.
BUSINESS / Companies
May 7, 2024

Nintendo says announcement on Switch successor 'this fiscal year'

Players and investors have been hungry for news about a successor to the Switch, and the company said a statement was finally forthcoming.
Only about 2% of Japan's annual output of 700,000 manga volumes are released in English, according to a startup working to translate manga using artificial intelligence.
BUSINESS / Companies
May 8, 2024

Japanese startup to use AI to translate manga

With its technology, Orange aims to produce 500 English-language manga per month.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on Tuesday at the Prime Minister's Office following a meeting with Prime Minister Fumio Kishida.
BUSINESS / Economy
May 8, 2024

BOJ’s Ueda tweaks weak yen remarks in possible hint of rate hike

Yen weakness has escalated despite Japan’s first interest rate hike since 2007 in March.
A suburb in Melbourne. Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation once and for all.
BUSINESS / Economy
May 8, 2024

Rents set to be last domino to fall in global inflation battle

Surging rents across many developed economies are proving to be a stubborn hurdle for central banks as they struggle to nail down inflation.
Workers on the production line at a cotton textile factory in Korla, Xinjiang Uighur Autonomous Region, China, on April 1, 2021
BUSINESS
May 8, 2024

Banned Chinese cotton found in 19% of U.S. and global retailers' merchandise, study shows

The U.S. enacted a law in 2021 to safeguard its market from products potentially tainted by human rights abuses in Xinjiang, a major cotton producer.
Grant Shapps, U.K. defense secretary, departs following a meeting of cabinet ministers at 10 Downing Street on Nov. 22, 2023.
ASIA PACIFIC / Politics
May 8, 2024

China seen hacking systems to build profiles of U.K. defense personnel

The U.K. is accusing China of using hacked data to build up their profiles of British military personnel and those in sensitive roles.
Cleaning worker Hu Dexi, 67, at a shopping mall in Beijing on April 10
BUSINESS / Economy
May 8, 2024

In rapidly aging China, millions can't afford to retire

With a low retirement age, meager pension benefits and no family to support them, many in China feel they simply can't ever stop working.
Former U.S. President Donald Trump and his attorney, Todd Blanche, at Manhattan criminal court in New York on Tuesday. Trump faces 34 felony counts of falsifying business records as part of an alleged scheme to silence claims of extramarital sexual encounters during his 2016 presidential campaign.
WORLD / Crime & Legal
May 8, 2024

Trump’s private life exposed in intimate Stormy Daniels testimony

The remarkable testimony is the latest example of how Trump’s dealings with women are coming back to haunt him in court.
Toyota said its group net profit in the fiscal year that ended in March nearly doubled from the previous year to hit a record high, due to robust sales of hybrid vehicles.
BUSINESS / Companies
May 8, 2024

Toyota posts record net profit on weak yen and strong hybrid sales

The carmaker saw a 31% jump in sales of hybrid vehicles, bringing the total to 3.7 million, while sales of purely electric cars were 116,500.
Industry minister Ken Saito (right) meets with Genkai Mayor Shintaro Wakiyama in Tokyo on Tuesday.
JAPAN
May 8, 2024

Government asks Genkai mayor to accept site survey to host nuclear waste

Last month, the Genkai town assembly approved a petition submitted by local business groups asking for the survey request to be accepted.
Russian officers march during the main military parade rehearsals in Moscow's Red Square on May 5.
BUSINESS / Economy
May 8, 2024

Russia’s war economy starves crucial oil industry of manpower

Since Russia's invasion of Ukraine, its oil and gas sector has faced increasingly strict international sanctions aimed at limiting petrodollar revenue.
A member of staff at Momuri responds to a request for assistance in submitting a resignation in Tokyo on April 18.
JAPAN / Society
May 8, 2024

Japan's workers turning to agencies that help them quit jobs

One firm that provides such a service saw the highest-ever number of requests following the long Golden Week holiday.
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.
The future is bright inside the visionary mind of architect Sou Fujimoto
The exhibition of Fujimoto’s architecture surveys his career to date, as well as looks ahead as shown in his proposal of a future floating city designed in collaboration with data scientist Hiroaki Miyata.
A tiny mountain hamlet keeps traditional log rafting afloat
Once a way to transport lumber from the mountains to the coast, log rafting is now Kitayama's biggest attraction.
A furever friend: Tips for responsible dog ownership in Japan
Dog ownership may seem daunting in Japan, but with the right tools and logistical knowledge, you can ensure a healthy, happy life for your pet.
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."

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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