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May 13, 2025
 

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People wait to vote as election officials (foreground) work at a polling station during midterm elections in Manila on Monday.
ASIA PACIFIC / Politics
May 12, 2025

Philippines midterm vote begins as Marcos-Duterte feud and China row flare

The spotlight is on the Senate race, where the 12 winners will be jurors in Duterte’s impeachment trial, set for July when the new Congress convenes.
South Korean 50,000 won banknotes are prepared at the Bank of Korea headquarters ahead of the Lunar New Year in Seoul on Jan. 14.
BUSINESS / Markets
May 12, 2025

Seeking emerging currency bargains, investors take fresh look at Asia

Asian currencies are finding their cheapness has become an asset as traders seek to capitalize on the dollar’s eroding premium status.
People stand in front of a big screen displaying the Nikkei share average outside a brokerage in Tokyo late last month.
BUSINESS / Markets
May 12, 2025

Japan’s Topix extends rally to 12th day as tariff worries ease

The Topix closed 0.3% higher at 2742.08, giving it its longest winning streak since 2017.
Exports in fiscal 2024 climbed 4.1% from the previous year to ¥106.24 trillion, led by shipments of semiconductor manufacturing equipment and vehicles.
BUSINESS / Economy
May 12, 2025

Japan's FY2024 current account surplus hits record ¥30 trillion

A weaker yen boosted dividend and interest flows from overseas, a Finance Ministry report showed.
U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent attend a news conference after trade talks with China, in Geneva on Monday.
BUSINESS / Economy
May 12, 2025

U.S. and China agree to lower tariffs in 90-day cooling-off period

The temporary move will give the world’s two largest economies three more months to resolve their differences.
A sign for battery manufacturer CATL is seen at the Auto China 2024 exhibition in Beijing on April 25, 2024.
BUSINESS / Markets
May 12, 2025

CATL starts taking investor orders for world’s biggest listing this year

The Chinese electric vehicle battery giant is seeking to raise as much as HK$41 billion ($5.3 billion).
Capsules of Takeda Pharmaceutical's Prevacid heartburn drug. The company's share price dropped by over 5% on Monday after U.S. President Donald Trump announced a plan to order a cut in U.S. prescription drug costs.
BUSINESS / Markets
May 12, 2025

Asian pharma stocks tumble on Trump signal to cut U.S. drug prices

The U.S. president's social media post put pressure on drug-related stocks on worries their profits will take a hit if they have to reduce prices in the U.S.
The operator of Tokyo's Haneda Airport has been warned by the government over its inappropriate transactions.
JAPAN
May 12, 2025

Transport ministry issues warning to Haneda Airport operator

The ministry summoned Japan Airport Terminal president Kazuhito Tanaka over misconduct related to a massage chair business in a terminal at Haneda Airport.
A gauge of confidence among store managers, taxi drivers and others who interact directly with Japanese consumers dropped 2.5 points to 42.6 in April.
BUSINESS / Economy
May 12, 2025

Japan’s merchants’ mood hits worst in three years on tariff woes

A gauge of confidence among store managers, taxi drivers and others who interact directly with Japanese consumers dropped 2.5 points to 42.6 in April.
Prime Minister Shigeru Ishiba at the White House earlier this year. Ishiba said Monday that farmers won't be sacrificed for automakers in Japan's tariff negotiations with the U.S.
BUSINESS / Economy / FOCUS
May 12, 2025

Japan might be playing long game in U.S. tariff talks

Tokyo is resisting making any major concessions, possibly in the hope that mounting domestic pressure will force U.S. President Donald Trump to give it a better deal.
A branch of SMBC Nikko Securities, a unit of Sumitomo Mitsui Financial Group, in Tokyo
BUSINESS
May 12, 2025

Japan’s megabanks to remain buoyed by BOJ’s long game to hike rates

The central bank stood pat earlier this month after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
Transport ministry issues warning to Haneda Airport operator
The operator of Tokyo's Haneda Airport has been warned by the government over its inappropriate transactions.
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
U.S. and China agree to lower tariffs in 90-day cooling-off period
U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent attend a news conference after trade talks with China, in Geneva on Monday.
'Treasure hunt': Tourists boost sales at Japan's Don Quijote stores
The entrance to discount retailer Don Quijote's store in Tokyo's Shibuya district, known as Don Don Donki outside the country
High school student arrested over deaths of his grandparents
A high school student was arrested Saturday on suspicion of killing his grandparents at their home in Tahara, Aichi Prefecture.
Japan set for bigger role in Philippines after SDF’s debut in key drills
Philippine Army Brig. Gen. Michael Logico, who was involved in managing the latest iteration of the Balikatan U.S.-Philippine drills, told The Japan Times that he expects military ties with Japan to surge even further once Tokyo ratifies a key visiting-forces agreement with Manila.
In China’s ‘Michelin Guide,’ Tokyo leads overseas listings with 30 entries
China's Black Pearl Restaurant Guide held its award ceremony overseas for the first time, picking the dining capital of Singapore to promote its brand to an international audience.
Who could become Japan's next prime minister?
Clockwise from top left: Former economic security minister Sanae Takaichi, former economic security minister Takayuki Kobayashi, Finance Minister Katsunobu Kato and Chief Cabinet Secretary Yoshimasa Hayashi
With a new Shibuya studio, Apple Music bets big on Japan
Apple Music personalities (from left) Ebro Darden, Kentaro Ochiai, Zane Lowe and Mino came together for a special recording in late April to discuss music and celebrate the newly opened Apple Music studio in Tokyo.
Escalation fears rise in Japan following Chinese moves near Senkakus
A Japan Coast Guard vessel sails in front of the Uotsuri islet, one of the Japanese-controlled Senkaku Islands. Concerns are growing in Tokyo after a Chinese government helicopter violated Japan's airspace around the uninhabited islets.

Podcast

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

Longform

Japan's growing ranks of centenarians are redefining what it means to live in a super-aging society.
What comes after 100?
By Tomoko Otake

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