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April 27, 2025
 

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Some of the slush funds pooled by Kawasaki Heavy Industries were used to wine and dine Maritime Self-Defense Force personnel, the Defense Ministry said.
BUSINESS / Companies
Dec 27, 2024

Kawasaki Heavy found to have pooled ¥1.7 billion in slush funds

Some of the funds were used by the defense contractor to wine and dine Maritime Self-Defense Force personnel, the Defense Ministry said.
A Nissan dealership and a Honda dealership in Tokyo. As the two firms negotiation a potential merger, Nomura Holdings is advising Honda, while Nissan has retained Mizuho Financial Group and Bank of America.
BUSINESS / Companies
Dec 28, 2024

Honda-Nissan deal sets up next fight for bankers in Japan M&A boom

At roughly $200 billion, the volume of transactions including mergers and acquisitions in the country is up 48% this year.
Makino Milling Machine's headquarters in Tokyo on Friday.
BUSINESS / Companies
Dec 27, 2024

Japan's Nidec takes aim at Makino Milling with $1.6 billion unsolicited bid

Nidec said Makino's board had not agreed to the ¥11,000 per share offer, a 42% premium to Thursday's closing share price, as it had not proposed the bid before announcing it.
U.S. President-elect Donald Trump filed a brief on Friday urging the Supreme Court to pause a law that would ban TikTok the day before his Jan. 20 inauguration if it is not sold by its Chinese owner ByteDance.
BUSINESS / Tech
Dec 28, 2024

Trump asks Supreme Court to pause law threatening TikTok ban

Trump said the court should give him time after his Jan. 20 inauguration to "seek a negotiated resolution” of the dispute over the social media platform.
Of the many new openings in Tokyo in 2024, the elegant Sushi Oya run by Yoji Oya stands out from the pack.
LIFE / Food & Drink / TOKYO FOOD FILE
Dec 29, 2024

From Michelin stardom to humble meals, Tokyo dining had an eclectic 2024

As traditional pubs close and inbound tourism spurs openings, this year saw plenty of new faces make their mark on the city’s dining landscape.
A Toyota RAV4 at a car dealership in California on Dec. 18. U.S. President-elect Donald Trump's pledge to impose additional tariffs on imports has sparked concern among Japanese automakers with significant operations in Mexico.
BUSINESS / Companies / FOCUS
Dec 29, 2024

Trump tariffs spark concern among Japanese automakers

The pressing question now is how Japan will navigate and respond to the emerging order shaped by deepening global divisions.
People cover themselves with umbrellas during a hot summer day in Tokyo's Ginza district in August. Temperatures shot up in early July, even before the official end of the rainy season, and the high temperatures persisted well into the fall.
ENVIRONMENT / Climate change / OUR PLANET
Dec 29, 2024

Japan’s weather in 2024: Record temperatures hurt people’s health and wallets

Average temperatures across the nation and surrounding seas exceeded last year’s record-breaking levels "by a significant margin," affecting everything from well-being to farming.
Former U.S. President Jimmy in 1996. Carter, who rose from Georgia farmland to become the 39th president of the United States on a promise of national healing after the wounds of Watergate and Vietnam, then lost the White House in a cauldron of economic turmoil at home and crisis in Iran, died on Sunday at his home in Plains, Georgia. He was 100.
WORLD / Politics
Dec 30, 2024

Jimmy Carter, president known as a peacemaker, is dead at 100

While Carter's presidency was remembered more for its failures than for its successes, his post-presidency was seen by many as a model for future chief executives.
Russian President Vladimir Putin shakes hands with Slovak Prime Minister Robert Fico during a meeting in Moscow on Dec. 22.
WORLD / Politics
Dec 30, 2024

Ukraine-Russia gas transit deal faces critical moment of truth

As its year-end expiry looms, Slovakia and a group of central European companies are putting pressure on Ukraine to keep Russian gas flowing.
Atsushi Mimura, vice minister of finance for international affairs, speaks during an interview at the ministry on Dec. 20.
BUSINESS / Economy
Dec 30, 2024

Japan sees G7 role increasing in divided world

"There are not many countries like Japan that can speak with the U.S. on equal terms," said top financial diplomat Atsushi Mimura.
Climate demonstrators protest against investments in fossil fuels during the annual meetings of the International Monetary Fund and World Bank in Washington on Oct. 21.
ENVIRONMENT / Climate change
Dec 30, 2024

After a year of hard climate talks, ‘minilateralism’ is an alternative

Global environmental agreements have never been simple, but a variety of factors, such as political polarization, make countries less willing to compromise.
Lee Jae-myung, the leader of the Democratic Party, South Korea's main opposition party, leaves after delivering a public statement on the impeachment motion against acting President Han Duck-soo at the National Assembly in Seoul on Friday.
COMMENTARY / World
Dec 30, 2024

In South Korea’s impeachment saga, who’s really in trouble?

Lee Jae-myung, facing six criminal cases, needs an election before any convictions are finalized, as a conviction could disqualify him from running for president.
An advertisement in Tokyo's Kabukicho, Japan's largest red-light district. The country is home to a thriving adult entertainment industry and has recently seen a boom in sex tourism fueled by the weak yen and availability of red-light services.
COMMENTARY / Japan
Dec 30, 2024

From geisha to oshikatsu, toxic tropes fuel sex industry

It isn't only the foreign gaze that produces stereotypes of Japanese women as submissive and promiscuous. Local laws and cultural norms play just as important a role.
Thaleon Tremain, chief executive of Pachamama Coffee, holds a cup of coffee beans in Sacramento, California, on Feb. 27. Wholesale coffee prices are trading near a 50-year high because of shortages related to extreme weather and increased global demand.
BUSINESS / Markets
Dec 30, 2024

Why coffee prices are soaring (again)

The wholesale price of beans has jumped more than 30% just since the start of November.
A Nissan dealership and a Honda dealership in Tokyo
BUSINESS / Companies
Dec 30, 2024

Nissan shares fall, pressured by Honda deal concerns

The stock fell as much as 6.7% on Monday in Tokyo. The carmaker’s shares had soared more than 60% since Dec. 17, a day before news of the deal broke.
A monitor in Tokyo shows the Nikkei stock average closing at its best year-end level ever, topping the previous high marked in 1989.
BUSINESS / Markets
Dec 30, 2024

Japan's Nikkei ends 2024 with nearly 20% rise

At 39,894.54, the benchmark index finished at its best year-end level ever, topping the previous high from the end of 1989 at the height of the country's bubble economy.
Yasushi Dozen, chief investment officer at Kepple
BUSINESS
Jan 2, 2025

Japan's ¥10 trillion startup investment target more improbable than ever

Investors and startup supporters say Japan is still in the seed-planting phase of startup development and must address some structural issues.
A woman walks past a store of Ukraine's telecommunications company Kyivstar in Kyiv on Dec.12, 2023.
BUSINESS / Tech
Dec 31, 2024

Starlink to roll out direct-to-cell services in Ukraine

Ukraine will be one of the first countries in the world with direct-to-cell connectivity and the first conflict zone where Starlink will roll out this technology.
A stack of ¥10,000 bills equivalent to the year-end balance of banknotes in circulation would be 1,240 kilometers high, or about 328 times higher than the 3,776-meter Mount Fuji.
BUSINESS
Dec 31, 2024

Japan's year-end banknote balance down for second straight year

The drop resulted from people increasingly opting for cashless payments.
Bank of Japan Gov. Kazuo Ueda speaks at a news conference after a policy meeting in Tokyo on Dec. 19.
BUSINESS / Economy
Jan 1, 2025

After historic year, the Bank of Japan ambles into 2025

Two or three rate hikes expected this year could take the central bank's benchmark to 1% for the first time in three decades.
An undated photo of a poster in a window promoting shows at Lincoln Center by Shen Yun, which in its 2023-2024 season performed more than 800 times on five continents, in New York. Over the past decade, the dance group Shen Yun Performing Arts has made money at a staggering rate in large part by getting followers of the Falun Gong religious movement to work for free and pay its bills.
ASIA PACIFIC / Politics
Dec 31, 2024

How Shen Yun tapped religious fervor to make $266 million

Shen Yun’s success flows in part from its ability to pack venues worldwide — while exploiting young, low-paid performers with little regard for their health or well-being.
U.S. President-elect Donald Trump speaks to Brendan Carr, his intended pick for Chairman of the Federal Communications Commission (FCC), as he attends a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, on Nov. 19.
BUSINESS / Tech
Dec 31, 2024

Social media companies face global tug-of-war over free speech

Trump’s return to the White House is expected to widen the free speech divide that has long existed between the United States and Europe.
The Nippon Steel logo is displayed at the company's headquarters in Tokyo in April.
BUSINESS
Jan 1, 2025

Nippon Steel offers U.S. government veto power in bid for U.S. Steel approval

The Japanese firm offered to give the U.S. government a veto over any reduction in U.S. Steel's production capacity.
One of the themes in American guitarist Marty Friedman’s autobiography “Dreaming Japanese” is that while he has become a star in his own right in Japan, he still feels that he doesn’t “belong.”
CULTURE / Books
Jan 1, 2025

Guitarist Marty Friedman goes to bat for J-pop in new autobiography

"Dreaming Japanese" tells the story of how the Megadeth guitarist navigated Japan's music industry.
A man offers prayers at Hebikubo Shrine in Tokyo's Shinagawa Ward. The shrine is one of several across the country dedicated to the snake.
LIFE / Lifestyle / Longform
Jan 1, 2025

Shed your skin and reinvent yourself in the Year of the Snake

The Year of the Snake is characterized by wisdom, calm and steady progress. It urges introspection, calculated moves and a journey of reinvention.
BYD electric vehicles outside one of the company's dealerships in Beijing
BUSINESS / Tech
Jan 2, 2025

BYD chalks up new record as it narrows EV sales gap with Tesla

China’s BYD enjoyed a year-end surge to push total sales to 4.25 million passenger cars last year, as the two seek to be the top-selling electric-vehicle maker of 2024.
With the continued wage and price hikes, the Japanese economy will likely grow steadily in fiscal 2025 that will start in April, according to some private think tanks.
BUSINESS / Economy / FOCUS
Jan 2, 2025

Economists see continued rise in Japan's wages and prices in fiscal '25

Uncertainty surrounding the impact of policies under U.S. President-elect Donald Trump are seen as a key risk factor.
New Orleans' French Quarter following an early-morning attack on Jan. 1
WORLD / Crime & Legal
Jan 2, 2025

‘No terrorist to me’: Relatives and friends saw few signs before attack

The violence appeared to explode out of nowhere to those who had known Shamsud-Din Bahar Jabbar as a quiet and caring person. But there were also signs of growing instability.
After a dramatic 2024, where Japan saw political upheaval, a record stock market, a major quake and a plane crash and dramatic escape, 2025, with events like major anime sequels, the Osaka World Expo, rising foreign acquisitions, we should expect a transformative year.
COMMENTARY / Japan
Jan 2, 2025

Anime, M&A and the expo: What to watch for in Japan’s 2025

No doubt 2025 has more surprises in store for Japan after an unusually intense 12 months.
Prime Minister Shigeru Ishiba has expressed support for allowing for married couples to retain different surnames.　
JAPAN / Society
Jan 3, 2025

Japan's dual-surname option could see turning point in 2025

Support for allowing spouses to retain separate surnames is strong among the opposition, and even within the Liberal Democratic Party, which rules as a minority government.
Japan to resist Trump efforts to form trade bloc against China
As Japan gears up for the trade talks, Prime Minister Shigeru Ishiba is also seeking to cushion the blow that the U.S. tariffs may have on the domestic economy.
Japan doubles down on stimulus to counter effects of Trump tariffs
Prime Minister Shigeru Ishiba speaks about U.S. tariffs in Tokyo last week.
Tokyo court fines Amazon Japan ¥35 million over counterfeit products
Takahiro Fujii (center), the president of Try and E, and his lawyers speak during a news conference on Friday in Tokyo after a ruling was handed down in a case against Amazon Japan.
Francis laid to rest as 400,000 mourn pope 'with open heart'
Pallbearers carry the coffin of Pope Francis at the end of the funeral ceremony in St. Peter's Square in the Vatican on Saturday.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Amid uncertain tariffs, is now the time to buy a new iPhone?
An Apple store in Tokyo's Shibuya Ward in September. Prices for the newest iPhone models start at around ¥100,000 ($700) in Japan.
Built in a flash, Osaka Expo pavilions wrestle with sustainability
Kengo Kuma & Associates oversaw the construction of the Malaysia pavilion, which is encased in interwoven rows of bamboo that appear to ripple.
Japan weighs using U.S. rice imports as tariff negotiation tool with Trump
A restaurant owner pours California-grown Calrose rice into a rice cooker at his restaurant in Tokyo
Is Japan’s parliament ready to welcome more youth to its ranks?
Lower House lawmaker Kai Odake in his Tokyo office on Wednesday
Crow meat, goat tartare: Mauvaise Herbe raises its game
Crow meat, shaped into a ball and attached to a foot of the bird, is one of the peculiar offerings of game at Mauvaise Herbe.

Podcast

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

Longform

Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.
By Tomoko Otake

SUSTAINABLE JAPAN

Looking ahead to Yokohama’s Green × Expo 2027
Looking ahead to Yokohama’s Green × Expo 2027

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