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July 08, 2025
 

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A bid-rigging case represents the first time the Japan Fair Trade Commission has issued a cease-and-desist order order over a project related to the COVID-19 pandemic.
BUSINESS
May 30, 2024

FTC issues cease-and-desist orders to JTB and other travel agencies

It is the first time the antitrust watchdog has issued such an order over a project related to the COVID-19 pandemic.
Prime Minister Fumio Kishida's government is implementing a tax cut of ¥40,000 per person from June to ensure income growth that outpaces inflation.
BUSINESS
May 31, 2024

Kishida government's much-touted tax cut to start in June

The prime minister has stressed that the tax cut is designed to ensure income growth that outpaces inflation.
Consumer prices excluding fresh food rose 1.9% in May in the capital, internal affairs ministry data showed Friday.
BUSINESS / Economy
May 31, 2024

Tokyo inflation picked up in May, keeping BOJ on track for rate hike

The capital's inflation figures typically serve a indicator for national trends, suggesting a similar acceleration is likely for the rest of Japan.
Former U.S. President Donald Trump gestures following the announcement of the verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence adult-film actress Stormy Daniels in 2016, outside Trump Tower in New York City on Thursday.
WORLD / Crime & Legal / ANALYSIS
May 31, 2024

Trump guilty verdict adds twist to 2024 race: a convicted felon

While such a development may change the trajectory of the presidential race, few experts are confident it will.
Transport minister Tetsuo Saito speaks to reporters at the Prime Minister's Office on Thursday after meeting Prime Minister Fumio Kishida.
JAPAN
May 31, 2024

Government defers decision on ride-hailing services

Some officials from the transport ministry and Komeito are strongly opposed to fully lifting the current ban.
Tomohide Miyata, who became Eneos Holding's CEO in April
BUSINESS / Companies
May 31, 2024

Eneos seeks female directors in wake of harassment scandals

Japan's top oil refiner has nominated four women and seven outside directors to be elected by shareholders to a smaller 10-seat board.
Ashwani Gupta, then-chief operating officer of Nissan, in April 2023
BUSINESS / Companies
May 31, 2024

Nissan paid ex-COO $3.7 million to quit after sexual harassment claims

Ashwani Gupta's compensation figure for leaving the company is now public in a notice of the annual shareholders’ meeting, which showed he will also receive allowances.
Chief Cabinet Secretary Yoshimasa Hayashi (left) addresses a meeting of ministers involved in compiling a policy to revise the system for foods with function claims, held at the Prime Minister's Office on Friday.
JAPAN
May 31, 2024

Japan to overhaul foods with function claims system

The overhaul plan will make it mandatory for companies to promptly report health issues related to foods with function claims to authorities to prevent spread.
As mind-numbingly big as the clean-energy price tag may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
COMMENTARY / World
May 31, 2024

$215 trillion to save the planet is a bargain

And as mind-numbingly big as $215 trillion may be, it’s actually a bargain compared with the potential economic destruction of unabated climate change.
South Korean President Yoon Suk-yeol addresses the Korea Chamber of Commerce and Industry in Seoul on Monday as Prime Minister Fumio Kishida and Chinese Premier Li Qiang listen on.
EDITORIALS
May 31, 2024

A long-neglected trilateral resumes — to expected results

Revival of this trilateral has been driven by Chinese uncertainty: worries about its economy and anxiety regarding geopolitical developments.
A monitor showing the Nikkei 225 index and the yen exchange rate in Tokyo. The yen is expected to remain under pressure given the yawning gap between interest rates in Japan and the U.S.
BUSINESS / Economy
Jun 1, 2024

Japan spent record ¥9.8 trillion to prop up yen in past month

The record spending on intervention shows the government’s resolve to push back against speculators betting against the yen.
The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
BUSINESS / Economy
Jun 1, 2024

The dollar’s rally falters as signs of cooling ease Fed fears

The dollar’s about-face came after Fed Chair Jerome Powell waved off worries that the central bank may raise interest rates again.
DMM Bitcoin said it would replace customers' lost bitcoin deposits with the help of other group companies.
BUSINESS / Tech
Jun 1, 2024

Japan's DMM Bitcoin says over ¥48 billion of cryptocurrency lost

It gave no details of how the incident occurred or whether an outside party had been involved, but said that it was investigating.
The National Diet Building in Nagatacho, Tokyo. The guidelines, to be released as early as this month, are expected to include measures to ensure that higher costs are reflected in product and service prices.
JAPAN
Jun 1, 2024

Japan to highlight resolve to defeat deflation

According to a draft, the government will aim to build a sustainable economy and society while resolving social problems the country faces.
Former U.S. President Donald Trump delivers remarks at Trump Tower in New York on Friday. Some Republican strategists say they believe the news of Trump's conviction will have little influence on voters' thinking by Nov. 5.
WORLD / Politics
Jun 1, 2024

Some Republicans less likely to vote for Trump after guilty verdict, poll finds

The election is still more than five months away, however, meaning much could change between now and Nov. 5.
Wang YunHe's residence in Singapore, overlooking the country's premier shopping belt.
ASIA PACIFIC / Crime & Legal
Jun 1, 2024

Singapore wealth flows face new scrutiny in superhacker case

The case is a reminder of the difficult balancing act faced by Singapore and other financial hubs as they push to attract the world’s ultra rich.
U.S. Secretary of Defense Lloyd Austin speaks during the IISS Shangri-La Dialogue in Singapore on Saturday.
ASIA PACIFIC / Politics
Jun 1, 2024

U.S. defense chief stresses commitment to Asia as concerns mount

U.S. Defense Secretary Lloyd Austin said Washington was focused on the region even as the White House grapples with the conflicts raging in Ukraine and Gaza.
Greek-flagged bulk cargo vessel Sea Champion is docked to the port of Aden, Yemen to which it arrived after being attacked in the Red Sea in what appears to have been a mistaken missile strike by Houthi militia, in February.
ENVIRONMENT / Climate change
Jun 1, 2024

How Red Sea disruptions are driving up carbon emissions

A surge of attacks on ships traveling the waters of the Red Sea is forcing shippers to reroute their vessels, driving up emissions.
In addition to the supply shortages, the yen's depreciation is also blamed for the recent surge in orange juice prices in Japan, which relies almost entirely on imported orange juice.
BUSINESS / Companies
Jun 2, 2024

Orange juice crisis hits consumers in Japan

Supply shortages have forced many Japanese makers to suspend sales of orange juice products.
A Starliner spacecraft sits atop an Atlas V rocket for a test flight in 2021.
WORLD
Jun 2, 2024

Boeing’s long-awaited crewed mission aborted just before liftoff

The next launch opportunities are June 5 and June 6, NASA said in a blog post.
Former U.S. President Donald Trump departs after delivering remarks at Trump Tower in New York on Friday.
WORLD / Politics
Jun 2, 2024

Biden's big weakness vs Trump: Voters without college degrees

Such results help set the stage for what national opinion polls show is a tied race between Biden and Trump.
Chinese Defense Minister Dong Jun speaks at the Shangri-la Dialogue security conference in Singapore on Sunday.
ASIA PACIFIC / Politics
Jun 2, 2024

A tale of two narratives: China and U.S. defense chiefs agree to disagree

Dong Jun, China’s first naval officer to be named defense minister, also took aim at U.S. allies in a speech at the Shangri-La Dialogue.
Toshimitsu Motegi
JAPAN
Jun 2, 2024

LDP's Motegi calls for fully opening up ride-hailing market

Starting in April, ride-hailing services are allowed in some parts of the country, but operators of such services are limited to taxi companies now.
A supporter of former President Donald Trump protests in Palm Beach, Florida, after the guilty verdict over falsifying business records was announced on Thursday.
COMMENTARY / World
Jun 2, 2024

Why Republicans go crawling back to Donald Trump

Donald Trump has been convicted on 34 felony counts of falsifying business records. But this is unlikely to make much difference to the Republican Party. Not only is he still the GOP’s presumptive presidential nominee; Republicans have repeatedly proved perfectly willing to forgive his indiscretions,...
Defense Minister Minoru Kihara, U.S. Defense Secretary Lloyd Austin and South Korean defense chief Shin Won-sik attend a trilateral meeting on sidelines of the Shangri-la Dialogue security conference in Singapore on Sunday.
JAPAN / Politics
Jun 2, 2024

Japan, South Korea and U.S. unveil new initiatives to cement defense ties

The three partner nations agreed to develop a framework to institutionalize trilateral cooperation within the year.
Japanese companies' capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
BUSINESS / Economy
Jun 3, 2024

Japan’s firms trim spending, reflecting headwinds to growth

Capital expenditures on goods excluding software fell 0.5% in the three months through March from the previous quarter.
Japan Post Insurance, one of the nation’s biggest life insurers, held about ¥60.9 trillion in assets as of the end of March, of which around ¥47.7 trillion were securities, mainly government bonds.
BUSINESS / Markets
Jun 3, 2024

Japan Post goes slow in buying longest bonds after BOJ rate hike

Japan Post forecast in April that the 30-year government bond yield will be 2% at the end of March 2025
Republican presidential candidate and former U.S. President Donald Trump gestures outside Trump Tower, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in New York on Friday.
WORLD / Politics
Jun 3, 2024

Trump warns of 'breaking point' for Americans if he's jailed

Prison time is rare for people convicted in New York state of felony falsification of business records, the charge Trump faced at his trial.
Tourists on a beach in China’s Fujian province in May
BUSINESS
Jun 3, 2024

China’s tourists to spend nearly $1 trillion on holidays at home

Spending by domestic holidaymakers is expected to be 11% higher than 2019.
In a boon to Saudi Arabia's government, which is seeking to fund a massive economic transformation plan, Saudi Aramco’s $12 billion share sale sold out shortly after the deal opened on Sunday.
BUSINESS / Markets
Jun 3, 2024

Saudi Aramco’s $12 billion stock offer sells out in hours

The extent of foreign participation will be closely watched as an indicator of interest in Saudi Arabia's assets.
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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