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April 30, 2025
 

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Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will sell their Toyota shareholdings over an extended period of time lasting a few years, sources said.
BUSINESS / Companies
Jun 7, 2024

Two of Japan's top banks to divest ¥1.3 trillion in Toyota shareholdings

Mitsubishi UFJ and Sumitomo Mitsui will sell in stages and take advantage of Toyota’s plan to buy back its own shares.
Amid the rising popularity of saunas, the Consumer Affairs Agency is urging users to exercise caution following a spike in the number of sauna-related accidents.
JAPAN / Society
Jun 7, 2024

Japan's consumer watchdog warns of accidents in the sauna

Users are urged to exercise caution to avoid severe injuries amid a spike in accidents as saunas become more popular.
Participants attend the official opening of the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia, on Thursday.
WORLD / Politics
Jun 7, 2024

Amid war, Putin looks east from Russia's window to Europe

Russia is pitching its $2 trillion economy to giants such as China and Saudi Arabia at its premier investment forum in St. Petersburg.
Indonesia's President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore on June 7, 2023.
ASIA PACIFIC / Politics
Jun 7, 2024

Indonesian president in damage control over new capital

The abrupt resignations of two officials make it harder for Joko Widodo to allay fears about Nusantara, his legacy project.
Germany's Alexander Zverev during a match at the French Open on Wednesday.
TENNIS
Jun 7, 2024

Alexander Zverev settles abuse case brought by former girlfriend

The agreement, according to German media, includes a monetary condition of €200,000 ($217,820), with the player not found guilty of any wrongdoing.
Gold prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
BUSINESS
Jun 8, 2024

You can now buy gold bars from vending machines in South Korea

Prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
A customer buys a ticket for ramen at a vending machine at Goumen Maruko ramen shop in Tokyo.
JAPAN / Society
Jun 8, 2024

Japan runs on vending machines. It’s about to break millions of them.

New yen notes set to be introduced this summer won't be compatible with many machines that businesses like ramen shops rely on.
Some major world economies want to finalize a plan ahead of this year's U.N. climate summit to halt new private sector funding for coal projects.
ENVIRONMENT / Climate change
Jun 8, 2024

Major world economies seek to halt new private sector coal financing

The biggest pushback on the OECD proposal to halt new private sector funding for coal projects has come from Japan, sources said.
Akio Toyoda, chairman of Toyota Motor, bows during a news conference in Tokyo on Monday.
BUSINESS / Companies
Jun 8, 2024

Shareholder votes in focus as big Japan banks sell Toyota shares

The potential exit of key stakeholders may lead to less stability and predictability for boards and management of listed companies across Japan.
People sit by makeshift shelters near Awlala Camp, Amhara region, Ethiopia
WORLD / Society
Jun 8, 2024

Attacks leave Sudanese refugees stranded in Ethiopian forest

About 8,000 people have left the Kumer and Awlala refugee camps, set up by the United Nations in Ethiopia's northern Amhara region.
Hirotsugu Kimura, a 24-year-old company employee, returns to Nishinomiya, Hyogo Prefecture, becoming the youngest Japanese to complete a solo, nonstop sailing voyage around the world.
JAPAN
Jun 9, 2024

24-year-old sets new Japan record for sailing solo nonstop around world

Kimura set sail in October 2023, traveled eastward across the Pacific and passed the southern tips of South America and Africa.
Tokyo has proved to be an attractive destination for Chinese entrepreneurs in recent times, away from the challenges hitting the economy at home.
BUSINESS
Jun 16, 2024

Chinese entrepreneurs bet on Japan

A Chinese-language MBA program has been catering to those seeking opportunities in Tokyo.
Carlos Alcaraz celebrates with the trophy after beating Alexander Zverev in the French Open final at Roland Garros in Paris on Sunday.
TENNIS
Jun 10, 2024

Carlos Alcaraz lists French Open triumph as proudest moment of career

The 21-year-old beat Alexander Zverev 6-3, 2-6, 5-7, 6-1, 6-2 in the French Open final.
Bill May (rear, second from left) poses with the rest of the U.S. team after earning silver at the World Aquatics Championships in Fukuoka on July 17, 2023.
OLYMPICS
Jun 10, 2024

No men chosen to compete in artistic swimming at Olympics in Paris

World Aquatics said it was very disappointed that there would be no men in the Olympic competition.
An Nvidia Cop. Quantum-X800 InfiniBand Platform on display in Taipei on June 5. Nvidia was already the world's most valuable semiconductor firm. Now, it's become the first computer-chip company ever to hit $3 trillion in market capitalization.
BUSINESS / Markets
Jun 10, 2024

Big Tech is driving the S&P rally. Others will have to step up.

Part of the challenge for tech investors is the stocks are already quite expensive.
A driving course inside a new facility in the city of Saitama created for elderly drivers
JAPAN
Jun 10, 2024

Saitama police open Japan's first elderly driver training center

Drivers 70 and older have to undergo sessions consisting of driving instruction and classroom lectures, as well as cognitive tests.
Italy's Prime Minister Giorgia Meloni speaks following the announcement of the partial results of the European Parliament elections, in Rome on Monday.
WORLD / Politics
Jun 10, 2024

Italy's PM Meloni comes out on top in EU vote, strengthening her hand

With 96% of the ballots counted, Meloni's Brothers of Italy won 28.8% of the vote, more than four times what it took in the last EU election in 2019.
People walk in front of a BYD Auto company and Autotorino store in Milan on March 20.
BUSINESS / Tech
Jun 10, 2024

European nations compete for Chinese EV factories as EU weighs tariffs

Chinese EV makers want to set up in Europe to build their brands and save on shipping and potential tariffs.
Japan is the only country in the world that still enforces a same-surname rule for married couples, according to Keidanren research.
JAPAN / Society
Jun 10, 2024

Japan should let married women keep names, main business lobby says

Keidanren said in a proposal that the government should quickly present legislation allowing for surname choice to parliament.
Carlyle will probably announce another two or three transactions in Japan this year, the fund's co-head of the Japan buyout advisory team says.
BUSINESS / Companies
Jun 11, 2024

Carlyle sets sights on 300 Japanese businesses as PE deals boom

Carlyle, which has been operating in Japan since 2000, has made more than 40 private equity investments locally.
Migrant workers harvest and package vegetables in a greenhouse in Gasan-myeon, South Korea, in December 2023. Though a shrinking population makes imported labor vital, migrant workers routinely face predatory employers, inhumane conditions and other abuse.
ASIA PACIFIC / Society
Jun 11, 2024

South Korea accused of 'human trafficking' with seasonal worker program

Filipino workers say brokers charge excessive fees to find them back-breaking work, confiscate their passports and documents, and cheat them out of wages.
Justice Minister Ryuji Koizumi on Tuesday sought to allay the concerns of probation officers nationwide, saying it is important to create an environment in which they can work with peace of mind.
JAPAN / Crime & Legal
Jun 11, 2024

Social media posts reveal potential motive in probation officer’s murder

Posts linked to the 35-year-old suspect suggest he was dissatisfied with his probation, police sources said.
Toyota Industries holds its shareholders meeting in Takahama, Aichi Prefecture, on Tuesday.
BUSINESS / Companies
Jun 11, 2024

Scandals and profitability in focus as Japan firms hold shareholders meetings

The strong interest in compliance follows a string of testing fraud scandals at automakers, while the focus on profitability has led to a flurry of shareholder proposals.
Kazuki Suzuki, one of the suspects, was taken into police custody in Tokyo on Monday.
JAPAN / Crime & Legal
Jun 11, 2024

'Side job' fraud believed to have taken ¥1.9 billion from 8,600 victims

The fraud group ran multiple "side job" websites while recruiting members through social media and paying them an average of about ¥500,000 as monthly wages.
Some experts believe if Beijing wants to assert its dominance on the world stage, then it is hard to see where common ground for compromise with the West can be found.
COMMENTARY / World
Jun 11, 2024

The U.S. debate over China policy intensifies

Some experts believe if Beijing wants to assert its dominance on the world, then it is hard to see where common ground for compromise with the West can be found.
Family members and supporters demand the immediate release of hostages kidnapped during the deadly Oct. 7 attack in Israel, as they protest outside a meeting attended by U.S. Secretary of State Antony Blinken in Tel Aviv on Tuesday.
WORLD / Politics
Jun 12, 2024

Israel calls Hamas' response to U.S. cease-fire plan a rejection

The outlook for the U.S. cease-fire plan in Gaza remains uncertain as neither Hamas nor Israel publicly committed to a deal.
The Fair Trade Commission in Tokyo's Chiyoda Ward
BUSINESS / Companies
Jun 12, 2024

Hashimoto Sogyo inspected over nonpayment of overtime

The antimonopoly law prohibits the abuse of a shipper's dominant position over an operator.
Leaders of six major countries hold a joint news conference following an inaugural summit held in the Parisian suburb of Rambouillet in November 1975.
JAPAN / Politics
Jun 12, 2024

G7 becomes political playmaker; major nations to hold 50th summit

The world's major democracies are set to hold their 50th summit, a milestone for the framework.
Scottie Scheffler pumps his fist after making a putt during the final round of the Memorial Tournament in Dublin, Ohio, on Sunday.
MORE SPORTS / Golf
Jun 12, 2024

U.S. Open field chasing Scottie Scheffler's greatness

Rory McIlroy describes Scheffler as relentless, with the American having played 14 times with only one tournament finish outside the top 10.
From left: Promoter Frank Warren, fighter Anthony Joshua and Saudi official Turki al-Sheikh attend a fight between Dmitry Bivol and Malik Zinad in Riyadh on June 1.
MORE SPORTS / Boxing
Jun 12, 2024

Saudi Arabia wealth fund holding talks to create boxing league, sources say

PIF is looking to invest in a joint venture with some of the sport's stakeholders that would feature more boxing bouts.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
China seizes disputed reef near key Philippine military outpost
China Coast Guard officers unfurl a national flag on Sandy Cay reef, near the Philippine-held Thitu Island, in disputed waters of the South China Sea this month in this screen shot taken from Chinese state broadcaster CCTV.
Could this be Japan’s year at the Kentucky Derby?
Christophe Lemaire rides Admire Daytona, who was bred in Japan, during the UAE Derby at Meydan Racecourse in Dubai on April 5.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.

Podcast

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

Longform

A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
By Alex K.T. Martin

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