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A residential area under development by Country Garden in Shanghai in February.
BUSINESS / Economy
May 17, 2024

Old for new: China's latest property market plan off to a poor start

More than 50 cities have launched their own versions of the "swap old for new" program.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
May 17, 2024

BOJ could raise rates as soon as June, ex-chief economist says

An increasing number of analysts have flagged the risk of a summer hike as the sinking yen raises the risks of the price trend moving higher.
In 2023, Bryan Eastlake (left) began a three-year contract with the local Takahama tourism association to write, post photos and otherwise promote the small town in northern Kyoto Prefecture to a wider audience.
COMMUNITY / Issues / The Foreign Element
May 20, 2024

The new vanguard of rural revitalization efforts in Japan

Currently, the Regional Revitalization Corps has around 200 foreign residents working in different industries around the country.
Rapidus Chairman Tetsuro Higashi speaks during an interview at the company's headquarters in Tokyo on Thursday.
BUSINESS / Companies
May 17, 2024

Rapidus 'last opportunity' to put Japan back on global chip map

Rapidus' chairman says "Japan is more than a decade behind others" in digital technology, adding that "it will require enormous money just to catch up."
Japan's first 7-Eleven convenience store (above) in Tokyo's Toyosu district on May 15, 1974, and the same store on Wednesday
BUSINESS / Companies
May 17, 2024

7-Eleven convenience store chain marks 50 years in Japan

Today, of the about 57,000 convenience stores in the country overall, more than 21,000 are from the 7-Eleven chain.

A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
COMMENTARY / World
May 17, 2024

America wasn’t made for walking, and it’s killing them

A 2010 study found that U.S. adults averaged 5,117 steps daily and that this was lower than the averages found in similar studies in Switzerland, western Australia and Japan.
A man rides a bicycle past an electronic screen displaying the yen exchange rate against the U.S. dollar and other foreign currencies in Tokyo earlier this month.
BUSINESS / Markets
May 18, 2024

Short yen wagers linger due to gap between U.S.-Japan rate paths

The gulf between Japan’s ultralow interest rate and U.S. rates stuck at a two-decade high is keeping the pressure on the yen.
People shop at a local traditional market in the early morning in Kinmen, Taiwan, on Saturday.
BUSINESS
May 18, 2024

For Taiwan shoppers, China's malls only a ferry ride away

More than 700,000 people made the journey between Kinmen and China by ferry last year, the vast majority of them Taiwanese.
People wait in line to buy provisions from a supermarket along a street blocked by debris and burned-out items following overnight unrest in the Magenta district of Noumea, in France's Pacific territory of New Caledonia, on Saturday.
ASIA PACIFIC / Politics
May 19, 2024

New Caledonia 'under siege' as French troops bid to restore order

Anger is still high over a contested voting reform, even after the arrival of hundreds of military and police reinforcements.
Electronic boards display the exchange rate for the yen against the U.S. dollar and the closing numbers of Tokyo Stock Exchange share price in Tokyo on May 1.
BUSINESS / Markets / FOCUS
May 19, 2024

From Tokyo to New York, stock markets are on a record-hitting spree around the world

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.
Vietnamese Public Security Minister To Lam speaks at a meeting at the National Assembly House in Hanoi last December.
ASIA PACIFIC / Politics
May 19, 2024

Vietnam Communist Party names police minister as state president

Police minister To Lam has been named as the state president, while a new head of the parliament was also nominated in a major leadership reshuffle.
A worker unloads packages from a shinkansen at JR Tokyo Station on Friday.
BUSINESS / Companies
May 19, 2024

JR firms expanding cargo transport using shinkansen trains

Such services are set to expand as Japan facing disruptions to logistics services stemming from an overtime cap for truck drivers.
Rapidus' semiconductor foundry construction site in Chitose, Hokkaido, in December
BUSINESS
May 19, 2024

Government to consider more aid to Rapidus, industry minister says

Rapidus plans to start operating a prototype production line at the Chitose plant in April 2025 and launch mass production in 2027.
A couple looks out onto the Fukuoka nightscape. Due to its distance from Tokyo and its close proximity to South Korea and China, professor Tomoya Mori believes that Fukuoka is one of the few metropolitan regions of Japan that will see some form of growth in the decades to come.
JAPAN / Society / Perspectives
May 20, 2024

Why half of Japan's cities are at risk of disappearing in 100 years

Professor Tomoya Mori believes depopulation will alter the urban landscape of Japan in an unexpected way.
Global investment firms are increasingly seeing hidden value in Japanese companies that own properties that could be sold.
BUSINESS / Companies
May 20, 2024

Bain Capital to boost Japan real estate team as prospects grow

The firm is interested in opportunities around hospitality, data centers and residential properties, among others.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
May 20, 2024

Japan’s 10-year bond yield hits decade high amid BOJ policy bets

The yield on 10-year government debt rose to a level last seen when the then newly appointed Bank of Japan Gov. Haruhiko Kuroda was starting his radical monetary easing.
Iranians gather to mourn the death of Ebrahim Raisi and Hossein Amir-Abdollahian in Tehran on Monday.
WORLD / Politics
May 21, 2024

Iran president’s death and Saudi king’s health spur succession bets

Focusing on transition in Iran and Saudi Arabia adds another layer of uncertainty, and potential instability, to months of regional turmoil triggered by the Israel-Hamas war.
India, Asia’s third largest economy, will need to generate 16.5 million jobs each year, up from 12.4 million annually in the last decade.
BUSINESS
May 21, 2024

India needs to create 115 million jobs by 2030, research shows

About 10.4 million jobs will need to be from the formal sector
Passengers onboard a self-driving vehicle in Eiheiji, Fukui Prefecture, last year
BUSINESS / Economy
May 21, 2024

Japan targets 30% share in next-generation cars

The 30% target was included in a new strategy released by the ministries for software development for next-generation vehicles with advanced digital technologies.
Martin Gruenberg, chair of the Federal Deposit Insurance Corporation (FDIC), speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington on May 16.
BUSINESS
May 21, 2024

FDIC chair says he’ll step down after toxic workplace report

The chair faced mounting pressure to quit following a scathing report that detailed allegations of harassment and discrimination at the bank regulator during his tenure.
Smoke rises in the distance as a burnt vehicle blocks a road near the Montravel area of Noumea, New Caledonia, on Tuesday.
ASIA PACIFIC
May 21, 2024

Australia and New Zealand send evacuation flights to New Caledonia

Australia and New Zealand said they will send government planes to New Caledonia on Tuesday to evacuate nationals from the French territory, which has experienced a week of deadly riots sparked by electoral changes by the French government in Paris.
People in Tehran demonstrate in support of Iran's attack on Israel on April 15. After the helicopter crash that killed Iranian President Ebrahim Raisi, the question is whether his successor will take a similar foreign policy path by keeping slivers of communication open and avoiding direct conflict with the United States.
WORLD / Politics
May 21, 2024

Aggression or caution: The choice facing Iran’s next leaders

After the death of Iranian President Ebrahim Raisi and his foreign minister it will be possible to maintain communications between Washington and Tehran?
Former U.S. President Donald Trump arrives for a campaign event in Waukesha, Wisconsin, on May 1.
WORLD / Politics
May 21, 2024

Trump leads Biden in monthly campaign fundraising for first time

The U.S. president’s campaign, however, still holds a wide financial edge over his Republican rival.
Missile systems form part of the Victory Day military parade in Moscow on May 9. The FBI tries to maintain a tricky balance in spy operations: the more access informants have to valuable intelligence, the higher the risk that they could be compromised.
WORLD / Politics
May 21, 2024

FBI shed informants linked to Russian influence operations

After a secret review several years ago, the bureau cut off confidential sources thought to be connected to Russian disinformation.
Andre Hayato Saito’s latest short, “Amarela,” centers on a 14-year-old Japanese Brazilian girl (Melissa Uehara).
CULTURE / Film
May 21, 2024

Cannes nominee on being 'too Brazilian to be Japanese, too Japanese to be Brazilian’

Andre Hayato Saito's Palme d’Or-nominated short film, “Amarela,” is rooted in the director's own experiences with searching for a sense of belonging.
Japan Times
BUSINESS
May 21, 2024

Carlyle raises $2.8 billion for largest Japan buyout fund

It’s the largest Japan-focused buyout fund ever raised, according to Carlyle, and about 70% bigger than the previous one it pulled together in 2021.
Finance Minister Shunichi Suzuki (left) receives a draft proposal produced by the Fiscal System Council from Keidanren Chairman Masakazu Tokura in Tokyo on Tuesday.
BUSINESS
May 22, 2024

Japanese advisory panel calls for strengthening fiscal resilience

The Fiscal System Council warned that the country's finances will deteriorate further if debt servicing costs swell.
Shinichiro Kashima
ESG CONSORTIUM
May 22, 2024

Nippon Life engages to encourage green transition

Engaging with high-emitting companies to spur transformation of their business rather than divesting from them is becoming increasingly important to combat climate change, said an executive officer of Japan’s biggest insurance company. “Thinking about society as a whole, it is important that we asset...
People hold anti-war placards before a rap concert for Ukraine by Russian rapper Oxxxymiron in Istanbul on March 15.
WORLD / Politics
May 22, 2024

Another Russian exodus: Many who fled to Turkey move on again

When the war began in February 2022, Turkey emerged as a magnet for Russians, but now, many are moving on to nations like Montenegro and Serbia.
Japan swung to a trade deficit of ¥462.5 billion in April due to higher crude oil prices and a weak yen.
BUSINESS / Economy
May 22, 2024

Japan trade deficit shows weak yen is weighing on economy

The trade balance in April registered a ¥462.5 billion deficit, flipping from a ¥387 billion surplus.

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