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Japanese companies are raising payouts to shareholders as the Tokyo Stock Exchange pressures firms to improve capital efficiency and valuations.
BUSINESS / Markets
May 15, 2024

Japan firms boost dividends and buybacks, aiding Topix amid TSE pressure

The moves come as the Tokyo Stock Exchange pressures companies to improve capital efficiency and valuations, and have spurred a rebound in the Topix index.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
BUSINESS / Companies
May 15, 2024

Fortress’s Japan hotel unit doubles pay to fight labor shortage

MyStays Hotel Management is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
JAPAN
May 15, 2024

Japan visitors exceed 3 million for second straight month, tourism agency says

While the surge in arrivals is good news for the economy, it has caused some friction with locals.
Iran's urban development minister and India's ports and shipping minister signed the contract in the town of Chabahar, in a ceremony broadcast live on state media.
WORLD / Politics
May 15, 2024

India and Iran sign 10-year agreement to develop port project

The contract will see India Ports Global invest $370 million into "providing strategic equipment" and "developing transport infrastructure."
Former President Donald Trump speaks to reporters alongside Todd Blanche, one of his attorneys, before the day's proceedings in his criminal trial in New York on May 9.
WORLD / Crime & Legal
May 15, 2024

Cohen on cross: 5 takeaways from Trump’s criminal trial

Prosecutors stated that Cohen would be their final witness, while the defense aims to conclude cross-examination by Thursday.
The Japanese view of China is deteriorating, characterized by a fear of arbitrary detention and the belief the country, economically, is past its peak. The Chinese see Japan as declining and too reliant on the United States. 
COMMENTARY / Japan
May 15, 2024

Can Japan and China bridge their ever-widening ‘perception gap’?

Despite the fear, many of the worries Japanese have about visiting China are unfounded. Bridging the gap requires both nations to resume exchanges.
Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach, California, in 2018.
BUSINESS / Markets
May 16, 2024

U.S. efforts to reshape global supply chains gathers pace in Asia

Investment flows are shifting along with trade, with global firms investing in Southeast Asia to avoid U.S. tariffs on China.
Employees place items into boxes and envelopes at an Amazon fulfillment center.
BUSINESS / Companies
May 16, 2024

Amazon workers say they struggle to afford food and rent

Amazon has long been criticized for its treatment of employees
Attendees watch a broadcast of the swearing-in ceremony of Singapore’s Prime Minister Lawrence Wong on Wednesday.
ASIA PACIFIC / Politics
May 16, 2024

Singapore’s PM Wong takes office warning of ‘more violent’ world

Lawrence Wong takes office with rising concerns over the cost of living, strained U.S.-China ties and wars in the Middle East and Ukraine.
SoftBank is working to develop artificial intelligence-enabled software that softens the tone of customers' voices.
BUSINESS
May 16, 2024

SoftBank looks at 'softening' angry customer calls with AI

The issue of harassment of staff working in the service industry has gained more awareness in recent years.
Visitors can make their own instant noodles at the Cup Noodles Museum in Yokohama.
BUSINESS / Companies
May 16, 2024

‘Mystery meat’ in cup noodles sells out in Japan as a solo product

For Nissin Food Products, tapping into new trends is a way to respond to consumers in a market that now offers a wide range of choices.
A liquefied natural gas shipment on the Suez Canal in Ismailia, Egypt
BUSINESS / Economy
May 16, 2024

Red Sea disruptions are splitting global LNG trade into regions

It’s been four months since an LNG tanker has passed through the strait separating the Arabian Peninsula and Africa.
Employees work at a shoe factory in Hanoi in 2020.
BUSINESS / Markets
May 16, 2024

As U.S. hikes China tariffs, imports soar from China-reliant Vietnam

The surge in China-Vietnam-U.S. trade has vastly widened trade imbalances.
JERA's Hekinan thermal power station in Aichi prefecture. JERA plans to invest in renewable energy and new fuels.
BUSINESS / Companies
May 16, 2024

JERA to invest $32 billion in LNG, renewables and new fuels

JERA plans to phase out inefficient coal-fired thermal power by fiscal year 2030.
The new era of U.S.-Japan cooperation exemplifies a successful public-private collaboration crucial for maintaining a competitive edge in global technology, especially amid geopolitical tensions with China.
COMMENTARY / Japan
May 16, 2024

U.S.-Japan semiconductor alliance of the future

On the geopolitical side, the U.S.-Japan alliance is on one side of the equation, with China on the other and Taiwan in the middle.
Italian chef and restaurateur Massimo Bottura is increasingly focusing on passing on his knowledge to chefs such as Antonio Iacoviello.
LIFE / Food & Drink
May 18, 2024

Massimo Bottura: 'The Japanese let ingredients express themselves'

The renowned chef and restaurateur talks about passing on his legacy and the "transfer of emotions" involved in cooking a successful dish.
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.

Longform

The byzantine process for converting a foreign driver’s license into a Japanese one entails mountains of paperwork and significant stamina — unless you're a lucky license holder from a country or region where these requirements are waived.
Driving in Japan isn’t hard. Getting the license is.