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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.
Hedwig Schreck is a third-generation Tokyoite whose grandfather first arrived in Japan from Germany in 1920 as a submarine engineer.
COMMUNITY / Our Lives / 20 QUESTIONS
Jul 24, 2024

Hedwig Schreck: ‘Art has always been part of my life’

A third-generation Tokyoite, the former TV producer has pivoted to teaching others about Japanese culture in her retirement.
The Bank of Japan headquarters in Tokyo. A Bloomberg survey showed some 14 of 48 economists predict the BOJ will raise its policy rate at the next week’s meeting.
BUSINESS / Economy
Jul 24, 2024

Most BOJ watchers see July rate hike risk with bond-buying cut

Survey respondents also predicted the central bank will cut bond-buying to ¥5 trillion per month starting in August.
Some economists say a sticky weak yen trend would have a negative impact on Japan's real wage growth.
BUSINESS / Economy
Jul 24, 2024

Yen rally could help end crushing wage decay in Japan

The Japan Research Institute anticipates real wage growth turning positive in the July-September quarter assuming ¥155 to the dollar.
The yen strengthened Wednesday to break the psychological threshold of ¥155 against the dollar, with technical indicators suggesting the momentum can continue.
BUSINESS / Markets
Jul 24, 2024

Yen extends advance as unwinding of global carry trades ramps up

Investors are betting on more rate hikes in Japan and the chance of further intervention by authorities to prop up the Japanese currency.
Japan had the strongest passport for six years running from 2018, before being dethroned by Singapore on the 2024 list.
BUSINESS
Jul 24, 2024

Japan loses top spot on strongest passport list to Singapore

Japan had the strongest passport for six years running from 2018.

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Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past