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Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
JAPAN
Nov 20, 2024

Japan's 3.31 million visitors in October set monthly record

Travelers spent ¥5.86 trillion in Japan through September of this year, preliminary figures show, eclipsing the ¥5.3 trillion they spent in all of 2023.
Sony Group headquarters in Tokyo, on Jan. 31, 2023
BUSINESS
Nov 20, 2024

Japanese publisher Kadokawa shares roar on Sony buyout report

Early afternoon Kadokawa shares were up 15.91% to ¥4,341 on the Tokyo Stock Exchange.
Rengo chief Tomoko Yoshino speaks at a news conference in Tokyo in October.
BUSINESS
Nov 21, 2024

Union chief calls for Ishiba to step up wage hike efforts

Rengo's Tomoko Yoshino was keen to emphasize that wage gains have to spread more to workers at smaller firms.
Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalized by the end of December, sources say.
BUSINESS / Companies
Nov 21, 2024

Seven & I buyout funding to be finalized by next month, sources say

The retailer is caught in a three-way tug-of-war between a foreign suitor, its founding family and company management.
NVIDIA's founder and CEO Jensen Huang delivers a keynote address in San Jose, California, on Mar. 18.
BUSINESS / Tech
Nov 21, 2024

Nvidia's AI chip demand still booming but slowing sales worry investors

The company is in the middle of launching its powerful Blackwell artificial intelligence chips, which will weigh on gross margins initially but improve over time.
The Italian team celebrates after winning the Billie Jean King Cup over Slovakia on Wednesday in Madrid.
TENNIS
Nov 21, 2024

Brilliant Paolini leads Italy to fifth Billie Jean King Cup title

A year after Italy suffered a heartbreaking defeat to Canada in the decider, the charismatic Paolini demolished her Slovakian opponent to clinch the title.
Nissan Motor slashed its earnings outlook earlier this month and said it would cut 9,000 jobs and a fifth of its manufacturing capacity.
BUSINESS / Companies
Nov 21, 2024

Hedge fund Effissimo stirs speculation with its stake in Nissan Motor

News of the investment sent Nissan’s shares soaring 13% on Nov. 12.
Hyundai's Thierry Neuville and co-driver Martijn Wydaeghe compete during an event in Finland last year.
MORE SPORTS
Nov 21, 2024

'Sport will have the last word' as World Rally title goes down to the wire in Japan

The only certainty about this year's World Rally Championship is that a Hyundai driver will take the title.
A former Nomura Holdings employee has been charged on suspicion of robbery, attempted murder and arson of an inhabited building, the firm said in a statement on Wednesday.
JAPAN / Crime & Legal
Nov 21, 2024

Nomura ex-employee charged with attempted murder

The former employee was charged on suspicion of robbery, attempted murder and arson of an inhabited building, the brokerage said.
Chipmaker Kioxia, formerly Toshiba Memory, is reportedly targeting a December IPO.
BUSINESS / Markets
Nov 21, 2024

Chipmaker Kioxia to receive market listing approval, sources say

Bain-backed Kioxia will have a market value of about ¥750 billion ($4.84 billion) based on the indicative price for its initial public offering.
Gautam Adani has been charged in the U.S. with paying hundreds of millions of dollars in bribes and hiding the payments from investors.
BUSINESS / Companies
Nov 21, 2024

Indian billionaire Gautam Adani charged in U.S. with bribery

The billionaire chair of Indian conglomerate Adani Group has been indicted in New York over his role in a $265 million bribery scheme.
A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
BUSINESS / Tech
Nov 21, 2024

Honda hopes to double EV driving range with solid-state batteries

Such batteries will replace liquid-state lithium-ion batteries currently in use, Honda R&D chief Keiji Otsu says.
A rocket is launched from the Cape Canaveral Air Force Station in Florida to put an experimental space plane into orbit for the U.S. military. Washington is adopting a multipronged strategy to address security threats in space.
COMMENTARY / World / Geoeconomic Briefing
Nov 21, 2024

Biden’s track record in boosting U.S. space security

Japan needs to keep working with the U.S. to ensure growing threats from China and Russia in the space domain are met with the necessary security measures.
Japan's core inflation held above the Bank of Japan's 2% target in October, keeping pressure on the central bank to raise its still-low interest rates.
BUSINESS / Economy
Nov 22, 2024

Inflation held above BOJ target in October, supporting winter rate hike

Food companies raised the prices of 2,911 items, with processed food prices increasing by 3.8% while rice prices rose 60%.
Linda McMahon speaks during an event in Milwaukee, Wisconsin, in July.
WORLD / Crime & Legal
Nov 22, 2024

Trump’s education secretary pick named in sexual abuse lawsuit

The suit says Linda McMahon and her husband were aware of credible abuse accusations against their ringside announcer and ring crew chief but tolerated him anyway.
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
LIFE / Food & Drink
Nov 24, 2024

Tokyo’s newest three-star chef wants ‘harmony across every detail’

Daniel Calvert has managed to reach the pinnacle of the culinary world just three years after opening fine French dining restaurant Sezanne.
Indian billionaire Gautam Adani speaks during an event in Haifa port, Israel, in January 2023.
BUSINESS / Companies
Nov 22, 2024

How an Indian billionaire's alleged bribery scheme took off and unraveled

Gautam Adani allegedly decided to bribe local officials to persuade them to buy 8 gigawatts of solar electricity.
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
BUSINESS / Economy
Nov 22, 2024

Japan approves ¥21.9 trillion stimulus plan

Combined with expected spending from the private sector, this year’s package is estimated to add a total of ¥39 trillion to the economy.
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
JAPAN / Crime & Legal
Nov 22, 2024

MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes

The theft by a front-line employee responsible for managing the safe deposit boxes took place at two branches in Tokyo over 4½ years.
With its initial public offering, Kioxia is valuing the company at ¥750 billion.
BUSINESS / Companies
Nov 22, 2024

Japan chipmaker Kioxia IPO set for next month

Formerly the semiconductor unit of Japanese engineering giant Toshiba, the company is the world's third-largest producer of NAND flash memory chips.
Drivers claimed they experienced "phantom" activations of the systems at low overpasses, parking garages and railroad crossings, instead of when collisions might be imminent.
BUSINESS / Companies
Nov 23, 2024

Nissan persuades U.S. court to decertify brake defect class actions

The company was accused of selling cars with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason.
High-end wagyu products from Japan are sold at prices about 2.5 times those of U.S. and Australian wagyu, according to Japan's Agriculture and Livestock Industries Corp.
BUSINESS
Nov 23, 2024

JETRO draws up guidelines for wagyu labeling in U.S.

The move by JETRO comes as wagyu is not necessarily recognized as being of Japanese origin in the United States.
A waterway along a portion of the Mekong River where a groundbreaking ceremony took place to begin construction on the Funan Techo Canal, in Prek Takeo, Cambodia, in October.
ASIA PACIFIC
Nov 23, 2024

Cambodia's flagship canal in hot water as China funding dries up

Months after a groundbreaking ceremony for a major canal project in Cambodia, touted investments from China are in doubt.
A Nihon Kotsu Co. taxi departs one of the company's service offices in Tokyo.
JAPAN / Society
Nov 23, 2024

Japan to aid introduction of multilingual ride-hailing apps

With the number of inbound visitors rapidly increasing, rural areas are facing the urgent challenge of securing transportation options for tourists.
Workers install a battery for a new electric vehicle model at Mitsubishi Motor's factory in Kurashiki, Okayama Prefecture.
BUSINESS
Nov 23, 2024

Trump tariffs may target Japanese cars, economist says

The Moody's Analytics economist warned that this poses a huge risk to the Japanese economy.
A 7-Eleven convenience store in Tokyo
BUSINESS
Nov 23, 2024

Seven & I founding family sounded out KKR and others about buyout: report

In addition to KKR, the founding Ito family also approached Bain Capital and Apollo Global Management.
Tehran's illuminated city skyline on Sept. 20. 2019
WORLD / Politics
Nov 24, 2024

Iran braces for Trump reset with economy buckling from sanctions

With Iranians struggling with economic hardship after years of sanctions, its leaders are signaling they’re keen to establish a different relationship this time around.
Gautam Adani, whose role as chairman and founder of India's Adani Group has made him one of the world's richest people, in Boston on Oct. 28, 2022.
WORLD / Politics
Nov 25, 2024

Adani charges to test Trump’s desire to keep India in U.S. orbit

The case against Gautam Adani is yet another reminder of the long reach of U.S. law — one that can affect both friends and foes around the world.
China is on track for a record trade surplus that could reach almost $1 trillion this year.
BUSINESS / Economy
Nov 25, 2024

Chinese exports to hit record this year before second Trump term

Exports already started off this quarter with the fastest growth since July 2022.
U.S. President-elect Donald Trump approaches to embrace Donald Trump Jr. at his campaign rally in Pittsburgh, Pennsylvania, on Nov. 4.
WORLD / Politics
Nov 25, 2024

Trump's son helping him pick most controversial Cabinet of modern times

Donald Trump Jr. is helping contenders sink or rise to the fore, according to a half dozen sources with knowledge of his role.

Longform

Mount Fuji is considered one of Japan's most iconic symbols and is a major draw for tourists. It's still a mountain, though, and potential hikers need to properly prepare for any climb.
What it takes to save lives on Mount Fuji