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Foreign investors, who helped push up Japanese stocks to a record high just a few months ago, became net sellers for a fourth straight week through June 14.
BUSINESS / Markets
Jun 23, 2024

Global investors turn cautious on once favorite Japanese stocks

Foreign investors, who helped push up Japanese shares to a record high just a few months ago, became net sellers for a fourth straight week through June 14.
Amid AI chip juggernaut Nvidia's staggering successes, startups seeking the attention of Silicon Valley venture capitalists are being asked to innovate — but without a clear indication of where the next chapter of AI will be written.
BUSINESS / Tech / FOCUS
Jun 23, 2024

Beyond Nvidia: the search for AI's next breakthrough

Startups are being asked to innovate — but without a clear indication of where the next chapter of AI will be written.
Nissan's Hyper Force at the Beijing Auto Show in Beijing on May 3
BUSINESS / Companies
Jun 23, 2024

Nissan closes car plant in China

The closure on Friday came amid the rapid spread of electric vehicles in China, which has led to serious sales slumps for Japanese automakers.
Seaweed in the ocean off Hayama, Kanagawa Prefecture. Local residents aim to restore seagrass and seaweed beds suffering from marine desertification, and their project has also been certified to receive "blue carbon" credits.
ENVIRONMENT / OUR PLANET
Jun 23, 2024

Japan looks to 'blue carbon' to cut emissions — and restore its coasts

The nation's net zero goal has driven interest in these ecosystems, but verifying the amount of carbon stored by seaweed presents a challenge.
While a weaker yen is seen pushing up fiscal 2024 profits by 1.9% at large companies with capital of ¥1 billion or more, it is expected to have a negative impact of 1.3% for small companies with capital of 10 million to ¥100 million.
BUSINESS / Companies
Jun 23, 2024

Impacts of weaker yen vary by company size: estimates

The profit disparity arises apparently from the inability of small companies to offset rising import costs with their limited-scale exports and direct investments abroad.
Japan Ground Self-Defense Force tanks take part in a live fire exercise near Gotemba on May 26.
JAPAN
Jun 23, 2024

EU seeks defense industry partnerships with Japan and South Korea

These would mark the EU's first such security and defense-related collaboration with Asian nations.
An Afghan woman carries empty containers to fetch water in Balkh province, Afghanistan, in August 2023.
WORLD / Politics
Jun 24, 2024

U.N.-led Doha meeting with Taliban sparks outcry over women's rights

The U.N. has been seeking a unified, international approach to dealing with the Taliban, who have cracked down on women's rights since returning to power.
The Bank of Japan debated the chance of a near-term interest rate hike during its policy meeting in June.
BUSINESS / Economy
Jun 24, 2024

BOJ debated need for timely rate hike at June meeting, summary shows

One Bank of Japan policymaker called for an increase without delay to address risks of inflation overshooting expectations.
Exports from New Zealand to the U.S. rose to a record $5.4 billion in the 12 months through May.
BUSINESS / Markets
Jun 24, 2024

U.S. usurps Australia as New Zealand’s No. 2 export market

Exports to the U.S. rose to a record 8.8 billion New Zealand dollars ($5.4 billion) in the 12 months through May.
For Japan, carbon credits are seen as important as the nation waits for its climate technology bets to pay off.
BUSINESS / FOCUS
Jun 24, 2024

Japan makes a late play on under-fire carbon credit trading

The government and Japanese companies see carbon offsets as important as they wait for their climate tech bets to pay off.
Philippine Defense Secretary Gilbert Teodoro speaks during the opening session of the Association of Southeast Asian Nations defense ministers' meeting in Jakarta last November.
ASIA PACIFIC / Politics
Jun 24, 2024

Philippines says China deliberately used 'illegal force' disrupt resupply mission

The Philippines' defense cheif said last week's maritime incident, which injured a sailor, was neither a misunderstanding nor an accident.
The Bank of Japan headquarters in Tokyo on June 12
BUSINESS / Markets
Jun 24, 2024

Yen nears lows as Bank of Japan leans dovish

The BOJ has suggested in recent weeks that it might not hurry in tightening monetary policy, unsettling the market.
LINE, the app at the center of a tug-of-war for control. Line was introduced in Japan in 2011 by Naver, the operator of South Korea’s leading search engine.
BUSINESS / Tech
Jun 24, 2024

Japan and South Korea are fighting over an app at a tense time

Leaders on both the Japanese and South Korean sides appear determined to prevent the quarrel over Line from escalating.
The Japanese national flag waves at the Bank of Japan building in Tokyo on March 18.
BUSINESS
Jun 24, 2024

Moody's Japan analyst urges reform while BOJ takes time to raise rates

Christian de Guzman said he did not expect the budget-balancing target for fiscal 2025 to be met, but failure would not trigger a negative rating action.
Turbines at a wind farm in Suttsu, Hokkaido. A renewable energy initiative called on Japan to triple its capacity of clean electricity.
BUSINESS / Economy
Jun 25, 2024

Japan urged to triple renewables capacity by 2035

The world's fourth-largest economy is heavily reliant on fossil fuels
Traders say a slump of the yen as far as ¥170 per dollar is possible despite looming intervention risks.
BUSINESS / Economy
Jun 25, 2024

Forget ¥160 — traders see currency falling as far as ¥170 against dollar

The yen is at risk of sliding to levels last seen in 1986, with traders unfazed by the specter of government intervention.
A BYD Seal electric sedan displayed in Tokyo on Tuesday
BUSINESS / Companies
Jun 25, 2024

BYD releases third EV in Japan as sales struggle to take off

Overall, BYD's sales in Japan fell 26% in April from a year earlier, and 28% in May.
Shanghai’s luxury real estate market is a bright spot in China’s bleak property sector.
BUSINESS / Markets
Jun 25, 2024

China’s rich spend millions on Shanghai property, bucking crisis

It’s the only one among the country’s mega cities that still attracts people to put down money in an asset class that has otherwise been abandoned.
Travelers in front of a Suntory duty-free shop at Kansai International Airport in December
BUSINESS
Jun 25, 2024

Duty-free sales at Japan's department stores tripled in May

Record sales were achieved with the help of a significant influx of Chinese tourists and the yen’s weakness.
Workers assemble second-generation R1 vehicles at electric carmaker Rivian's manufacturing facility in Normal, Illinois, on Friday.
BUSINESS / Companies
Jun 26, 2024

Volkswagen's $5 billion investment in Rivian boosts EV maker's shares

The investment will provide Rivian the funding necessary to develop its less expensive and smaller R2 SUVs, and help it turn cash-flow positive.
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore in July 2019.
BUSINESS / Economy / ANALYSIS
Jun 26, 2024

Singapore port congestion shows global impact of Red Sea attacks

Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia.
Nvidia, the darling of the artificial intelligence boom, gained 6.8% on Tuesday, rebounding from a recent selloff that erased $430 billion of its market value.
BUSINESS / Markets
Jun 26, 2024

Ignore the ‘AI revolution’ at your own peril, investors warn

While a recent selloff in shares of chipmaker Nvidia may have fueled fears of an AI bubble, the correction is barely visible, some say.
This screen grab taken from video posted on the WikiLeaks X account on Tuesday shows WikiLeaks founder Julian Assange looking out the window of a private jet as he flies from London to Saipan in the Northern Mariana Islands after reaching a plea deal with the U.S. authorities.
WORLD / Crime & Legal / FOCUS
Jun 26, 2024

Assange walks free, but plea deal sets a chilling precedent

The Committee to Protect Journalists says the prosecution had grave implications for journalists and press freedom worldwide.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Jun 26, 2024

A third of Bank of Japan watchers expect July interest rate hike

Whatever the outcome in July, the survey results show there will be intense interest with possible market volatility ahead of the policy board meeting.
Shareholders at Toyota's annual general meeting, held in Toyota, Aichi Prefecture, on June 18
BUSINESS / Companies
Jun 26, 2024

Toyota chair's pay raised to $10 million despite safety probe

The total made Akio Toyoda the highest paid Japanese executive for a third straight year.
China Coast Guard personnel aboard rigid hull inflatable boats (in black) during a confrontation with Philippine Navy personnel near the Second Thomas Shoal in disputed waters of the South China Sea on June 17
ASIA PACIFIC / FOCUS
Jun 26, 2024

China’s ax-wielding coast guard tests limits in South China Sea

The Philippines Armed Forces called the June 17 moves by China a "brutal assault" and said the Chinese sailors acted like pirates.
An Aeon store in Yokohama in 2022. Aeon currently employs about 1,500 specified skilled workers group-wide.
BUSINESS / Companies
Jun 26, 2024

Aeon to ramp up hiring of foreign workers under specified skills visa framework

The retail giant is planning to employ 4,000 foreign workers with specified skilled worker visas by 2030 amid a labor shortage.
The yen fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
BUSINESS
Jun 26, 2024

Yen’s tumble to weakest since 1986 boosts risk of intervention

The Japanese currency fell as much as 0.4% to ¥160.39 per dollar on Wednesday, extending losses this year to around 12%.
The No. 4 and No. 5 units of Jera's Hekinan thermal power station in Aichi Prefecture on March 13
BUSINESS / Companies
Jun 26, 2024

Jera ends ammonia co-firing trial with positive results

The firm said that nitrogen oxides levels were no higher than when firing coal alone.
Japan’s Economy, Trade and Industry Minister Ken Saito (left), U.S. Commerce Secretary Gina Raimondo (center) and South Korea’s Minister of Trade, Industry and Energy Ahn Duk-geun in Washington on Wednesday
BUSINESS / Economy
Jun 27, 2024

U.S., Japan and South Korea vow strategic cooperation

"We're doubling down our efforts to work together," U.S. Commerce Secretary Gina Raimondo said.

Longform

Sumadori Bar on Shibuya Ward's main Center Gai street targets young customers who prefer low-alcohol drinks or abstain altogether.
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