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April 30, 2025
 

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Japan cut its economic growth forecast for the current fiscal year, reflecting weaker-than-expected private consumption.
BUSINESS / Economy
Jul 19, 2024

Japan cuts growth forecast as prime minister warns of weak-yen pain

The government cut its economic growth forecast for the current fiscal year ending in March 2025 to 0.9% from 1.3% projected in January.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Jul 19, 2024

BOJ urged to halve bond buying in scheduled tightening plan, minutes show

A significant number of the participants also urged the BOJ to taper bond purchases gradually to avoid upending the bond market.
A large screen in the Dubai Metro is out of service on Friday amid a massive global IT outage.
WORLD
Jul 20, 2024

From ATMs to flights, epic IT crash leaves trail of destruction

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from a cybersecurity firm caused a global systems outage.
The CrowdStrike offices in Sunnyvale, California, on Friday
BUSINESS / Tech
Jul 20, 2024

CrowdStrike update that caused global outage likely skipped checks, experts say

Faulty code resulted in one of the most widespread tech outages in recent years for companies using Microsoft's Windows operating system.
China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes
BUSINESS / Tech / FOCUS
Jul 20, 2024

Trump’s disdain for digital dollar risks ‘Cold War era’ in money

His vow to never allow the dollar to be digitized may turn money into a new front in Trump's trade war with China.
An aerial view on Monday of the Butler Farm Show grounds in Butler, Pennsylvania, where a gunman attempted to assassinate former President Donald Trump during a campaign rally on July 13.
WORLD / Crime & Legal / FOCUS
Jul 20, 2024

From honor student to the gunman who tried to kill Donald Trump

Thomas Crooks was a brainy and quiet young man who built computers and won honors at school, impressing his teachers. Then he became a would-be assassin.
Former U.S. Secretary of State Mike Pompeo speaks during the last day of the 2024 Republican National Convention on Thursday in Milwaukee, Wisconsin.
BUSINESS / Companies
Jul 20, 2024

Nippon Steel hires Mike Pompeo to help clinch purchase of U.S. Steel

Pompeo, who served as the U.S.’ top diplomat under Donald Trump, will be an adviser to the Japanese company for its $14.1 billion purchase.
As childish as Ryokan may have been, human suffering wrung his heart. A portrait of the monk and calligraphy by him are shown here. (Ink on paper; early 19th century; replica before 1970)
JAPAN / History / The Living Past
Jul 21, 2024

Ryokan and us: 'How wide! How boundless!'

The Edo Period monk could see the world through a child's eyes, maybe even those of a child from our modern era.
The No. 1 reactor building stands at Korea Hydro & Nuclear Power Co.'s Shin-Kori nuclear power plant in Ulsan, South Korea.
BUSINESS
Jul 21, 2024

South Korea edges ahead of rivals to build Europe’s nuclear reactors

A pair of projects in the Czech Republic could set up South Korea to build reactors for Western countries that are reconsidering nuclear energy.
Data has shown that Western pension funds may inadvertently be helping Russian President Vladimir Putin as Moscow looks to ramp up liquefied natural gas exports to replenish Kremlin coffers and fund its war in Ukraine.
BUSINESS / Economy
Jul 21, 2024

How U.S. pension funds help Putin’s gas gambit

The case spotlights the opacity of the global finance and how hard it remains to sever Moscow from a key revenue source even two years after the Ukraine invasion.
U.S. Vice President Kamala Harris arrives aboard Air Force Two in Buzzards Bay, Massachusetts, traveling to a campaign fundraiser, on Saturday.
WORLD / Politics
Jul 21, 2024

Trump campaign prepares attack plan for Harris in case Biden withdraws

The effort assumes that the U.S. vice president would be the most likely candidate to replace the president at the top of the Democratic ticket.
Unfortunately, the Bank of Japan kept monetary policy too tight after the 1985 Plaza Accord, leaving Japan mired in deflation and recession for two decades. 
COMMENTARY / World
Jul 21, 2024

Does the world need a Plaza Accord 2.0?

Unfortunately, the Bank of Japan kept monetary policy too tight after 1985 Plaza Accord and Japan was mired in deflation and recession for two decades.
The misinterpretation of data on guns and self-defense in the United States highlights how studies may overstate the benefits while downplaying risks and unintended consequences.
COMMENTARY / World
Jul 21, 2024

Guns aren’t as good for self-defense as America thinks

Like other public health crises, gun violence has been studied and scientists have data pointing to ways the carnage can be reduced.
While chip stocks have been on a tear this year, some strategists see signs of overheating within the sector.
BUSINESS / Tech
Jul 22, 2024

Top Taiwan tech fund says there’s still more juice in AI rally

Fund manager sees more opportunities in Taiwanese and Japanese stocks amid tensions between the U.S. and China.
A street cleaner at the Lujiazui Finance District in Shanghai
BUSINESS / Economy
Jul 22, 2024

Xi vows to rewire China’s finances and help indebted regions

Plans centered around shifting more revenue from the central to local coffers in China, such as by allowing regional governments to receive more of the consumption tax.
Leveraged funds reduced net short positions on the yen the most since March 2011 during the week to July 16.
BUSINESS / Markets
Jul 22, 2024

Hedge funds slash short yen bets by most in more than a decade

Hedge funds pared bets against the yen in spectacular fashion after a suspected double-whammy market intervention from Japanese authorities.
The People's Bank of China building in Beijing on May 29
BUSINESS / Markets
Jul 22, 2024

China cuts key rate after Xi’s big meeting disappoints investors

The People’s Bank of China cut the seven-day reverse repo rate, a key short-term policy rate, in the first reduction in almost a year.
Nvidia CEO Jensen Huang presents on the chipmaker's Blackwell platform at an event ahead of the Computex forum, in Taipei on June 2. The flagship Blackwell series was unveiled in March.
BUSINESS / Tech
Jul 22, 2024

Nvidia preparing version of new flagship AI chip for Chinese market, sources say

The Chinese version of the chip will be made compatible with current U.S. export controls.
People visit the Xpeng booth during the 20th Shanghai International Automobile Industry Exhibition on April 19, 2023.
BUSINESS / Tech
Jul 22, 2024

Volkswagen and Xpeng deepen software collaboration across EVs in China

Chinese electric vehicle maker Xpeng said that it has entered into a technical collaboration agreement with Volkswagen.
At a waste center in Kamikatsu, Tokushima Prefecture, residents separate trash into 45 different categories as the town aims to become "zero waste."
COMMENTARY / Japan
Jul 22, 2024

How circular economy initiatives are changing the world

From Asia to Europe to Africa, public and private entities are finding new ways to revolutionize the economic paradigm from a linear to a circular model. In Japan, too.
Attendees inspect a Lamborghini Revuelto high performance electrified vehicle on the opening day of the Geneva International Motor Show Qatar 2023, in Doha on Oct. 6, 2023.
BUSINESS / Tech
Jul 22, 2024

In the world of luxury cars, hybrids are the sexiest new thing

Engineers insist the technology is as much about getting more performance out of existing combustion engines as it is about going green.
U.S. Vice President Kamala Harris delivers remarks on the South Lawn of the White House in Washington on Monday.
WORLD / Politics
Jul 23, 2024

Taking on Trump, Kamala Harris vows to draw on prosecutorial experience

The U.S. vice president has also promised to drive forward laws to protect abortion rights and ban assault rifles, and focus on rebuilding the middle class.
Bank of Japan officials are divided over whether to raise interest rates at a policy meeting next week, people familiar with the matter say.
BUSINESS / Economy
Jul 23, 2024

BOJ is said to see weak consumer spending complicating rate call

Weak consumer spending has prompted the government to cut its fiscal year growth forecast to 0.9%, with central bank likely lowering its projection to 0.5%.
The exchange rate for the Japanese yen against the euro (left) and the U.S. dollar is displayed at a foreign exchange brokerage in Tokyo on June 27.
BUSINESS / Markets
Jul 23, 2024

Citi flags possible euro-yen intervention if rate nears ¥180 level

The euro-yen pair traded as high as ¥175.43 on July 11 — a record since the common currency was launched in 1999 — before retreating.
Boxes of canned quail eggs are piled up at a warehouse in Toyokawa, Aichi Prefecture, earlier this month.
JAPAN / Society
Jul 23, 2024

Quail egg farmers struggle after schools remove item from lunches

A fatal choking incident in February involving a canned quail egg at a Fukuoka elementary school led schools nationwide to remove the item from their lunches.
Liberal Democratic Party Secretary-General Toshimitsu Motegi says the Bank of Japan should more clearly show its intention to normalize monetary policy.
BUSINESS / Economy
Jul 23, 2024

LDP heavyweight Toshimitsu Motegi calls for clearer sign from BOJ on policy

The remarks suggest growing political frustration over the central bank’s cautious stance as low rates keep pressure on the yen while inflation outpaces wage growth.
Australian grape exports to Japan are expected to rise as Tokyo has fully opened the market for the fruit.
BUSINESS / Economy
Jul 23, 2024

Japan opens up its market for Australian grapes

The Australian government aims to increase the country's annual grape exports to Japan to about AU$50 million, or 2.5 times the current figure, within several years.
Samsung Electronics' headquarters in Suwon, South Korea, on June 13, 2023
BUSINESS / Tech
Jul 24, 2024

Nvidia clears Samsung's HBM3 chips for use in China-market processor

Nvidia's approval of the chips comes amid soaring demand for sophisticated graphics processing units.
The Porsche booth at the Beijing International Automotive Exhibition in Beijing on April 25
BUSINESS / Economy
Jul 24, 2024

China’s slowdown is taking a rising toll on European profits

From luxury brands to carmakers, more trouble is coming for European businesses heavily reliant on demand in the Asian economic giant.
People visit the Volkswagen booth at the Beijing International Automotive Exhibition, on April 25.
BUSINESS / Companies
Jul 24, 2024

Volkswagen is reeling in China. Can EVs help it grow in the U.S.?

Volkswagen CFO Arno Antlitz said the company expects to continue losing China market share and hopes to merely maintain its position in Europe.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
China seizes disputed reef near key Philippine military outpost
China Coast Guard officers unfurl a national flag on Sandy Cay reef, near the Philippine-held Thitu Island, in disputed waters of the South China Sea this month in this screen shot taken from Chinese state broadcaster CCTV.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
U.S. secretary of the navy weighs ‘dual-use’ shipbuilding with Japan
John Phelan at a Senate confirmation hearing for U.S. secretary of the navy in Washington in February
Expo '25 gives the world a masterclass in mascots
2025 Osaka Expo mascot Myaku-Myaku dances on the stage during the event's official opening ceremony on April 12.

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

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A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
By Alex K.T. Martin

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