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April 30, 2025
 

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The Bank of Japan headquarters in Tokyo. A majority of the analysts surveyed by Bloomberg said this week’s rate hike by the central bank was appropriate, and nearly 70% expected the rate to be raised again by the end of this year.
BUSINESS / Economy
Aug 2, 2024

Most BOJ watchers rethink pace of hikes after Ueda’s hawkishness

Some 68% of 41 economists see the policy rate rising to 0.5% from 0.25% by the end of this year, according to a Bloomberg survey.
A government white paper stressed the need to pay attention to the impact of interest rate hikes by the Bank of Japan on personal consumption.
BUSINESS / Economy
Aug 2, 2024

Japan warns of weak yen impact on households in government white paper

A weak yen has become a source of concern for policymakers as it has dampened consumption by inflating the cost of importing fuel, food and raw material.
Kazuo Momma, former assistant governor of the Bank of Japan
BUSINESS / Economy
Aug 2, 2024

BOJ likely to hike in October after big shift, former official says

The BOJ’s basic stance now seems to be that as real rates are extremely low, they can keep raising them as long as no major shock hits the economy.
The Nikkei 225 fell more than 2,000 points on Friday, capping a volatile week in the financial markets.
BUSINESS / Markets
Aug 2, 2024

Japanese stocks fall almost 6% just days after shock rate rise

In the span of less than a month, the 225-issue Nikkei average went from all-time records to a shocking rout.
Then-U.S. President Donald Trump meets with Egyptian President Abdel-Fattah el-Sissi in the Oval Office of the White House in Washington in April 2019.
WORLD / Politics
Aug 3, 2024

Alongside the Trump-Russia inquiry, a lesser-known look at Egyptian influence

The Justice Department investigated whether a Trump adviser was part of an Egyptian plan, never proven, to funnel $10 million to the 2016 Trump campaign.
A man looks at an electronic stock quotation board outside a brokerage in Tokyo on Friday.
BUSINESS / Markets
Aug 3, 2024

Novice investors under pressure after Japan stock rout

Newcomer investors, who are concerned about the possibility of further stock price declines, are facing the challenge of whether to continue investing.
The Nikkei stock index saw the biggest plunge in eight years Friday following the Bank of Japan's rate hike earlier in the week.
BUSINESS / Markets / FOCUS
Aug 4, 2024

Investors take long-term view as rate hike whipsaws Japan

As the country normalizes after years of negative interest rates, corporate pricing power and higher pay for workers may spur economic growth, analysts say.
The Internal Affairs and Communications Ministry has said the 50-50 control of LY, the operator of the Line app, by SoftBank and Naver leaves the messaging app vulnerable to cyberattacks.
BUSINESS / Companies
Aug 4, 2024

SoftBank and Naver to sell down stake in Japan’s Line app

The tender comes as the capital structure of the operator of Japan’s biggest messaging app Line threatens to become a diplomatic flash point with South Korea.
The Yahoo Auction website shows new banknotes selling for much higher than their face value.
BUSINESS / Economy
Aug 4, 2024

New Japanese banknotes increasingly put up for auction

Notes with features that make them a collectible are being auctioned online for prices much higher than its face value.
South Korea's Lim Si-hyeon has three gold medals from the 2024 Paris Games. Archers from the country have all been given cars by team sponsor Hyundai.
OLYMPICS
Aug 4, 2024

Diamonds, meatballs and motors: How Olympians can win more than medals

Many rewards are financial, but they can also be more eclectic.
Government officials are concerned that businesses are reluctant to report cyberattack damage due to fears about a possible decline in stock prices.
JAPAN
Aug 4, 2024

Japan mulls requiring private sector operators to report cyberattacks on infrastructure

The move is designed to prevent cyberattack damage from spreading to other businesses by sharing information quickly.
The 225-issue Nikkei stock average dropped more than 4,000 points on Monday.
BUSINESS / Markets
Aug 5, 2024

Nikkei plunges by 12% as it registers largest-ever point fall

The drop exceeds the point fall recorded Oct. 20, 1987, the day after Black Monday in New York.
Students inside a clean room of a college of technology in Kumamoto Prefecture. The Japan Electronics and Information Technology Industries Association started holding special classes at colleges of technology to attract more people to the semiconductor industry.
BUSINESS / Companies
Aug 5, 2024

Japan chip industry talent race heats up

Job opportunities have expanded notably in Kyushu and Hokkaido.
The Bank of Japan released minutes from its June policy board meeting Monday.
BUSINESS / Economy
Aug 5, 2024

Up rates before it’s 'too late,’ one BOJ policy board member said in June

Some members of the nine-member policy board mentioned that a weak yen could inflate import prices and put upward pressure on consumer prices.
New Zealand Prime Minister Christopher Luxon speaks during a joint press conference with Japanese Prime Minister Kishida Fumio following their bilateral meeting at the Luxon's residence on June 19.
BUSINESS
Aug 5, 2024

New Zealand scraps clean, green policies to boost economy

New Zealand's government is shifting its priorities toward increasing exports to support its flailing economy.
Ukrainian Minister of Justice Denys Maliuska (center left) and Justice Minister Ryuji Koizumi (center right) sign a memorandum of cooperation on judicial reforms and anti-corruption measures, in Kyiv on Monday.
JAPAN
Aug 5, 2024

Japan and Ukraine agree to cooperate on anti-corruption measures

The countries' two justice ministries will cooperate across fields such as judicial reform and the strengthening of judicial institutions via personnel training.
Bangladeshi Prime Minister Sheikh Hasina speaks at the National Press Club in Tokyo in May 2014.
ASIA PACIFIC / Politics
Aug 5, 2024

Bangladeshi military to form interim government after PM flees country

Sheikh Hasina had sought since early July sought to quell nationwide protests against her government, but she fled after a brutal day of unrest on Sunday.
The Nikkei stock index showed a strong rebound Tuesday morning after a historic plunge a day earlier in Tokyo.
BUSINESS / Markets
Aug 6, 2024

Tokyo stocks rebound sharply in morning trading after record fall

On Monday, the Nikkei had closed down 12.40%, or 4,451.28 points — its largest points drop in history.
Americans Simone Biles (left) and Jordan Chiles (right) bow toward Brazil's Rebeca Andrade after Andrade won gold in the floor exercise event at the Paris Olympics.
OLYMPICS / Gymnastics
Aug 6, 2024

Brazil's Rebeca Andrade gets her moment of glory after long wait

After playing second fiddle to American superstar Simone Biles for the past week, Brazil's Rebeca Andrade finally rose to the top of the podium.
Japan's gasoline imports in June rose 20.4% from the previous month, with the Petroleum Association of Japan attributing it to maintenances and outages at plants owned by top oil refiners.
BUSINESS
Aug 6, 2024

Japan's gasoline imports seen rising through August as refinery outages cut output

Japan's gasoline imports are expected to stay elevated through August after rising 20% in June.
Shares faced historic sell-offs at the Tokyo Stock Exchange on Monday, but some retail investors see them as an opportunity to buy the dip, betting that the downturn is temporary.
BUSINESS / Markets
Aug 6, 2024

Japan’s retail investors show resiliency despite market turmoil

Some small investors chose the opportunity to buy the dip, betting that the market downturn was temporary.
The turmoil affecting global markets came on the heels of Bank of Japan Gov. Kazuo Ueda’s decision to raise rates, but you can't fault him given the volatile worldwide economic conditions.
COMMENTARY
Aug 6, 2024

Tokyo market rout — oops, the BOJ did it again

Japan’s central bank isn’t responsible for the bloodbath. But it’s reliving a terrible habit of hiking rates at the worst possible time.
Republican presidential nominee and former U.S. President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, on July 27.
BUSINESS / Markets
Aug 6, 2024

Cryptoverse: Trump's bitcoin stockpile plan stirs debate

A strategic reserve would be one use for the massive amount of bitcoin held by the U.S. government, but the jury's out on whether it's feasible.
Nissan CEO Makoto Uchida (left) and Honda CEO Toshihiro Mibe hold a joint news conference in Tokyo last week.
BUSINESS / Companies
Aug 6, 2024

Separate software efforts by Japan's carmakers may jeopardize success

The government has set a goal of having Japanese companies account for 30% of the software-defined vehicle market worldwide by 2030.
An electronic stock board displaying the Nikkei 225-issue Nikkei average outside a securities firm in Tokyo on Tuesday.
BUSINESS / Markets
Aug 6, 2024

Tokyo stocks rebound 10% following Monday’s mad rout

The yen, which had strengthened to the ¥141 mark on Monday from almost ¥162 just weeks earlier, was trading around ¥145 to the dollar on Tuesday.
Donald Trump has called for his supporters to stop using Google, doubling down on his criticisms of large technology companies.
WORLD
Aug 6, 2024

Trump suggests avoiding Google in interview with gamer Adin Ross

Trump called for his supporters to stop using Google, calling the search engine "illegitimate.”
Tokio Marine & Nichido Fire Insurance and three other insurance firms will be issued with cease-and-desist orders by the the Fair Trade Commission for forming a cartel, sources have said.
BUSINESS / Companies
Aug 6, 2024

Japan's FTC to issue orders to four major nonlife insurers in premium cartel

The insurers are said to have started prearranging premiums on contracts for Keisei Electric Railway, in which they shared the risk of covering payments, before 2020.
Minnesota Gov. Tim Walz, the newly minted Democratic vice presidential candidate, speaks during a campaign rally with U.S. Vice President and Democratic presidential candidate Kamala Harris, in Philadelphia on Tuesday.
WORLD / Politics
Aug 7, 2024

Harris and Walz campaign together for first time as White House ticket

The event kicked off a multiday tour of U.S. battleground states aimed at introducing Minnesota Gov. Tim Walz to the national stage.
Tim Walz, governor of Minnesota, speaks during an event at Earth Rider Brewery in Superior, Wisconsin, on Jan. 25.
WORLD / Politics
Aug 7, 2024

How Tim Walz pushed Minnesota toward aggressive climate policies

Tim Walz, the Minnesota governor tapped to become the Democratic vice presidential nominee, has accelerated his state’s embrace of clean energy and electric vehicles.
Google may try to avoid antitrust actions by terminating an agreement which makes its search engine a default on Apple devices.
BUSINESS / Tech
Aug 7, 2024

Google antitrust ruling may pose $20 billion risk for Apple

A potential remedy for Google to avoid antitrust actions could involve terminating the agreement, which makes its search engine a default on Apple devices.
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.

Podcast

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

Longform

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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Tsukuba massif granite, one of the world’s few heritage stones
Tsukuba massif granite, one of the world’s few heritage stones

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