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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.
A brewer stirs the mix for making sake at a brewery in Tokyo.
BUSINESS / Companies
Jan 3, 2025

Brooklyn brewers take on sake, America's new hip tipple

The ancient Japanese drink, which has been exported to the United States for at least a century, is being increasingly localized.
An attendee looks at a prototype of a 2-nanometer gate-all-around wafer produced by Rapidus and International Business Machines Corp. at the Semicon Japan exhibition in Tokyo in December.
BUSINESS / Tech
Jan 3, 2025

Japanese chip industry poised for a comeback

Chipmakers will either begin operating a pilot line or start production at new plants this year.
Donald Trump, then the U.S. Republican presidential nominee, awaits the start of proceedings in his criminal trial at the New York State Supreme Court in New York on May 2. The New York judge who oversaw Trump’s hush-money trial scheduled his sentencing for Jan. 10. Trump is expected to appeal his conviction.
WORLD / Politics
Jan 4, 2025

Judge upholds Trump’s conviction but signals no jail time

The New York judge who oversaw President-elect Donald Trump’s hush-money trial scheduled his sentencing for Jan. 10. Trump is expected to appeal his conviction.
Tesla CEO Elon Musk attends a conference organized by the European Jewish Association in Krakow, Poland, in January 2024.
WORLD / Politics / FOCUS
Jan 4, 2025

Musk projects his hard-right influence in Europe

The multibillionaire has demanded new elections in Britain, promoted Germany's far-right, blasted the European Commission — and that's just the start.
An entrance sign for Nippon Steel's East Nippon Works Kashima Area facility is pictured in Kashima, Ibaraki Prefecture, last month.
BUSINESS / Companies / ANALYSIS
Jan 4, 2025

Nippon Steel rejection shows national security means whatever you want

Experts and former officials say the decision signals how sharply the U.S. has turned away from the principles of globalization.
An underground passage in a small town in the Moscow region in November.
WORLD / Politics
Jan 4, 2025

Are Russian sanctions working? Debate takes new urgency with Trump.

The president-elect has said he will use sanctions sparingly while vowing to end the war in Ukraine, renewing questions over their efficacy.
U.S. President Joe Biden’s decision will further burnish his climate credentials, deepening his record of fostering conservation and zero-emission energy.
WORLD / Politics
Jan 4, 2025

Biden to ban new oil drilling over vast stretch of U.S. Atlantic and Pacific waters

The move represents a sweeping effort to permanently protect coastal waters from fossil fuel development and the risk of oil spills.
DOPS Director Dr. Jim Tucker (back row, from left), David Acunzo, Marina Weiler, Philip Cozzolino (front row, from left) Marieta Pehlivanova and Elliot Gish, pose for a photo on the campus of the University of Virginia in Charlottesville, Virginia, on July 15. Is reincarnation real? Is communication from the "beyond” possible? A small set of academics are trying to find out, case by case.
WORLD / Society
Jan 4, 2025

Do you believe in life after death? These scientists study it.

Is reincarnation real? Is communication from the “beyond” possible? A small set of academics are trying to find out, case by case.
A falconer during the Suwa Falconry Preservation Society's event in Tokyo on Friday. Falconry predates recorded history, originating, scholars believe, when nomadic herders observed birds of prey hunting and recognized their potential as partners.
MORE SPORTS
Jan 5, 2025

Tokyo falconers keep ancient traditions soaring

While a recent showcase was all about fun and education, like other sports involving animals, falconry is also serious business for competitors at the upper echelons of the sport.
Solar panels, which typically last 20 to 30 years, will begin to reach the end of their service life in the next decade.
JAPAN
Jan 5, 2025

Disposal of used solar panels emerging as challenge in Japan

The annual amount of solar panels discarded as waste is seen peaking at some 500,000 tons in the early 2040s, putting a major strain on industrial waste treatment facilities.
A concept model of a next-generation fighter jet under joint development among Japan, Britain and Italy
JAPAN / Politics
Jan 5, 2025

Japan to map out defense export strategy within 2025

The strategy, which will present medium- and long-term targets for defense equipment exports, will be worked out via cooperation among government ministries.
A drone view shows Gary Works, the largest integrated steel mill in the U.S., which is operated by U.S. Steel, in Gary, Indiana, on Dec. 12.
BUSINESS / Companies
Jan 6, 2025

Rival CEO allegedly spread doubt about Nippon Steel deal to Wall Street

The private remarks the CEO made throughout 2024 about the deal process show the extent of his effort to cast doubt.
Alice Guo, a fugitive former mayor of Bamban, Philippines, arrives at a regional trial court in Valenzuela City, Metro Manila, in September.
COMMENTARY / World
Jan 7, 2025

China takes aim at Philippine democracy

China has been stepping up its information operations globally, using the Philippines as a testing ground for tactics designed to propagate anti-American narratives.

Longform

The byzantine process for converting a foreign driver’s license into a Japanese one entails mountains of paperwork and significant stamina — unless you're a lucky license holder from a country or region where these requirements are waived.
Driving in Japan isn’t hard. Getting the license is.