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November 19, 2025
 

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A Starbucks logo adorns a store in Los Angeles in 2015.
BUSINESS / Companies
May 1, 2024

Starbucks posts first sales drop since 2020 amid global pullback

Consumers growing more hesitant to spend money has given Starbucks "perhaps the worst set of results of any large company so far," an analyst said.
Nepali TikTok influencers and twin sisters Princy (left) and Prisma Khatiwada take a selfie in Kathmandu on Monday.
ASIA PACIFIC / Society
May 1, 2024

Nepalis challenge TikTok ban after losing earnings, fans and a voice

The lives of owners of popular accounts were transformed by the platform, which had about 2.2 million users in the country.
A ceremony for the Self-Defense Forces' newly created cyberdefense force at the Defense Ministry in Tokyo in March 2022
JAPAN
May 1, 2024

Japanese government skips submitting active cyberdefense bill

The government planned to set up a panel of relevant experts in May, but this plan is now uncertain.
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
BUSINESS
May 1, 2024

Weak yen fattens tourist wallets in Japan

Spending per head soared 52% over the first three months compared with 2019.
An electronic screen in Tokyo displays the yen exchange rate against the U.S. dollar and the graph showing its recent swings, on Thursday.
BUSINESS / Markets
May 2, 2024

Yen swings stir talk that Japan is in the FX market once again

The yen advanced more than 3% and hit ¥153.04 per dollar as more than $4 billion of yen-related futures were exchanged.
Bank of Japan Gov. Kazuo Ueda holds a news conference after a policy meeting at the BOJ's headquarters in Tokyo on March 19.
BUSINESS / Economy
May 2, 2024

BOJ saw need to let markets drive yields upon March exit: minutes

The bank ended eight years of negative interest rates and its bond yield control at its March policy meeting.
Advanced Micro Devices' processors and memory chips
BUSINESS / Tech
May 2, 2024

AI hardware stocks get pummeled even as big tech keeps spending

Hardware makers have seen their shares rally this year amid an arms race for artificial intelligence computing power that’s lifting sales and profits.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024

U.S. market swings reveal inflation uncertainty ahead of key data

Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Amazon’s Just Walk Out technology, which allowed customers to grab grocery items from a shelf and walk out of the store, is reportedly being phased out of its grocery stores.
COMMENTARY / World
May 2, 2024

Amazon's AI stores seemed too magical. And they were.

There are plenty more examples of companies that have failed to mention humans pulling the levers behind supposedly cutting-edge AI technology.
Attendees at the Leap technology conference in Riyadh, Saudi Arabia, on March 6, 202. The oil-rich country is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
WORLD / Politics
May 2, 2024

‘To the future’: Saudi Arabia spends big to become an AI superpower

Saudi Arabia was long a financial spigot for tech, but is now building its own industry.
Optica headquarters in Washington, D.C., on Tuesday
BUSINESS / Companies
May 3, 2024

Huawei secretly backs U.S. research, awarding millions in prizes

Huawei Technologies is the sole funder of a research competition that has awarded millions of dollars since its inception in 2022.
The U.S. Steel plant in Clairton, Pennsylvania
BUSINESS / Companies
May 3, 2024

Nippon Steel pushes back U.S. Steel acquisition until December

Nippon Steel has delayed acquiring United States Steel as the United Steelworkers union opposes the plan, along with U.S. President Joe Biden.
Students can learn faster by using tablets in the classroom. In Malawi, every dollar spent on this type of learning delivers over $100 worth of higher productivity in the long term.
COMMENTARY / World
May 3, 2024

The policies that deliver the most bang for a government's buck

Instead of making many grand promises, governments should prioritize smart policies that yield the highest returns, such as tablets in schools.
Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
LIFE / Style & Design / Longform
May 4, 2024

The 'outsiders' creating some of Japan's greenest spaces

Once an exotic curiosity, Japanese gardens have gone on to inspire green thumbs around the world.
Former U.S. Treasury Secretary Lawrence Summers
BUSINESS / Economy
May 4, 2024

Ex-U.S. Treasury chief says currency interventions fail even at Japan’s scale

Policymakers likely spent some ¥9 trillion this week, an analysis of Bank of Japan accounts shows.
Shunichi Suzuki, Japan's finance minister
BUSINESS / Markets
May 4, 2024

Japan’s finance minister keeps traders guessing on yen intervention

The comments came days after Japanese authorities apparently entered the market to support the yen on two occasions this week.
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan to prop up the currency.
BUSINESS / Markets
May 4, 2024

Traders spooked by intervention risk trim record yen shorts

Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan.
A businessman reads a newspaper outside a train station in Tokyo.
JAPAN
May 4, 2024

Japan drops to 70th in press freedom rankings

Japan fell by two places from last year, and was ranked lowest among the Group of Seven major countries.
Naoya Inoue (left) and Luis Nery following a pre-fight news conference in Yokohama on Saturday, two days ahead of their super bantamweight title fight.
MORE SPORTS / Boxing
May 5, 2024

'Monster' Inoue ready to tear down Luis Nery in title defense at Tokyo Dome

Ahead of boxing's highly anticipated return to the Big Egg, Naoya “Monster” Inoue said he's ready to knock out his opponent.
Volodymyr Zelenskyy
WORLD / Politics
May 5, 2024

Russia puts Ukraine's Zelenskyy on wanted list

Russia's Tass news agency reported that the Russian Interior Ministry database showed the Ukrainian leader was on a wanted list but gave no other details.
Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024

Half of new NISA investments went to Japanese stocks

Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.
A Rapidus factory under construction in Chitose, Hokkaido on April 26. The Tokyo-based chipmaker was set up with the aim to realize domestic production of state-of-the-art semiconductors.
BUSINESS / Companies / FOCUS
May 6, 2024

Rapidus gearing up for mass production of next-generation chips

About three years before the planned start of mass production, Rapidus faces a host of difficult challenges, especially over technology and profitability.
One analyst said Japanese policymakers "hid the intervention well," pointing to the ways they may have used to fund currency interventions recently.
BUSINESS / Markets
May 6, 2024

Market hunts for signs of yen intervention in Fed accounts

Recent data suggests that Japanese policymakers may have funded currency interventions using a Fed facility where central banks stash overnight cash.
Over the past two years, 2.4 million people arrived in Canada, more than the population of the U.S. state of New Mexico. Yet Canada barely added enough housing that would cater to just the residents of the New Mexico capital of Albuquerque.
BUSINESS / Economy
May 6, 2024

Global housing shortages are crushing immigration-fueled growth

In developed economies such as Canada, Australia and the U.K., life is getting tougher for both locals and immigrants alike.
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
JAPAN / Crime & Legal / FOCUS
May 6, 2024

Tokuryū, a new crime menace in Japan, emerges from the shadows

Unlike the yakuza, which have a hierarchical structure and strict codes of conduct, they lack a clear organizational structure and thrive on anonymity.
Quantas will pay out AU$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay an AU$100 million fine instead of defending the lawsuit that it had previously vowed to fight.
BUSINESS / Companies
May 6, 2024

Australia's Qantas to pay $79 million to settle flight cancellation case

The fine is the biggest ever for an Australian airline and among the largest globally in the sector.
McLaren's British driver Lando Norris celebrates on the podium after winning the 2024 Miami Formula One Grand Prix at Miami International Autodrome in Miami Gardens, Florida, on Sunday.
MORE SPORTS
May 6, 2024

McLaren's Norris wins Miami Grand Prix for maiden F1 win

Mercedes pair Lewis Hamilton and George Russell finished sixth and eighth with RB's Japanese driver Yuki Tsunoda ending seventh.
Mikuni Minato is not a town that has recently fallen on hard times — it's been that way for a century.
LIFE / Travel
May 7, 2024

48 hours in Mikuni Minato, Japan’s port town that time forgot

A trip to Mikuni Minato may not appeal to the average tourist, but well-traveled residents will find it fascinating.
Enamored with Japanese cuisine, Xander Soren sought to create the perfect Pinot Noir to suit the country's most common flavors.
LIFE / Food & Drink / Kanpai Culture
May 7, 2024

A Californian Pinot Noir bred for the Japanese table

In November, a former Apple employee launched Xander Soren Wines and its Pinot vintages exclusively in Japan.
Indian Prime Minister Narendra Modi speaks during a campaign rally in Agra, in Uttar Pradesh, on April 25.
ASIA PACIFIC
May 7, 2024

Modi’s home state votes in heated Indian election campaign

India’s election entered its third phase Tuesday, with campaigning becoming increasingly acrimonious between the two main parties.
A beloved Tokyo penguin’s end presages Suica’s shift to payments giant
JR East is retiring the beloved Suica penguin as part of a rebrand to transform the contactless payment platform, used for both transit and retail, into a mobile fintech powerhouse.
More Japanese firms relax rules in tussle for workers
Hinako Mori, 22, arranges products at a Don Quijote outlet in Tokyo in October. The Japanese retailer, which relaxed its rules concerning hair and nail polish three years ago, says nearly a quarter of its employees sport brightly colored hair.
Japan seeks to placate China as strained relations move beyond political realm
Director-General of the Foreign Ministry's Asian and Oceanian Affairs Bureau Masaaki Kanai (left) and Chinese Director-General of the Department of Asian Affairs Liu Jinsong depart after a meeting at the Foreign Ministry in Beijing on Tuesday.
Japan sends senior official to China to cool boiling tensions
A Chinese tour group in the Ginza shopping district of Tokyo on Sunday. China has advised its citizens to avoid traveling to Japan, following a diplomatic feud sparked by remarks from Tokyo's new prime minister about a hypothetical attack on Taiwan.
Economic security minister stresses crackdown on rule-breaking foreign nationals
Economic security minister Kimi Onoda speaks during a group interview in Tokyo on Monday.
Economic security minister stresses crackdown on rule-breaking foreign nationals
Economic security minister Kimi Onoda speaks during a group interview in Tokyo on Monday.
How Band-Maid brought anime energy into the hard-rock sound of ‘Scooooop’
Members of Band-Maid combine heavy riffs and maid-inspired visuals in their latest project, "Rock Is a Lady’s Modesty."
Japan uses series against South Korea to prep for World Baseball Classic title defense
Japan's Ryuhei Sotani pitches against South Korea at Tokyo Dome on Saturday night.
Who is cricket’s Shohei Ohtani?
South African cricket legend Jacques Kallis plays a shot during the final day of a cricket test match against India in Johannesburg in December 2013.
Foreign Correspondents’ Club of Japan celebrates 80 years at the forefront of press freedom
Located near the Imperial Palace, the Foreign Correspondents’ Club of Japan prides itself on the accessibility of its events and the support it offers to budding and established journalists. The club is currently headed by Dan Sloan, a former reporter for Reuters.

Podcast

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

Longform

An illustration features the Japanese signs for "ganbare" (good luck) and the Deaflympics, which will be held between Nov. 15 and 26.
A century of Deaf sport finds its moment in Tokyo
By Kathryn Wortley

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