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In a world where capital and rich individuals can cross borders freely, only international cooperation can ensure that multinational corporations and the superrich are fairly taxed.
COMMENTARY / World
May 7, 2025

America is becoming the world’s largest tax haven

Trump is turning the U.S. into a tax haven by weakening enforcement, deregulating crypto and abandoning international tax cooperation, favoring secrecy and the ultrarich.
Veterans in France. For over a dozen NATO members, pensions make up a large — and largely overlooked — chunk of their defense budgets.
WORLD / Politics / ANALYSIS
May 8, 2025

Europe's costly military pensions complicate defense buildup

For over a dozen NATO members, pensions make up a large — and largely overlooked — chunk of their defense budgets.
U.K. Prime Minister Keir Starmer during a phone conversation with U.S. President Donald Trump from a Jaguar Land Rover automobile manufacturing plant in the West Midlandson, U.K., on Thursday.
WORLD / Politics
May 9, 2025

Starmer gets diplomatic win he needs, if not the economic boost

The framework the two leaders unveiled goes some way to reversing the worst impacts on the U.K. of U.S. tariffs.
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%, according to the labor ministry.
BUSINESS / Economy
May 9, 2025

Japan’s nominal wage growth slows, backing case for BOJ caution

Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%.
A Nissan plug-in hybrid truck at the Shanghai Auto Show last month. Nissan is looking to invest in its China operations and use the nation’s intensely competitive market to accelerate its development of electric vehicles.
BUSINESS / Companies
May 9, 2025

Nissan drops plan for Fukuoka battery plant to focus on recovery

The carmaker has abandoned plans to build a battery plant in Fukuoka Prefecture to focus on rescuing itself from a deepening financial crisis.
Prime Minister Shigeru Ishiba (right) responds to questions from Constitutional Democratic Party of Japan leader Yoshihiko Noda (left) at a Lower House Budget Committee meeting on April 14.
JAPAN / Politics
May 9, 2025

Hung parliament keeps Lower House Legislative Bureau busy

As each party pushes its own agenda by drafting its own bills, the workload increases for the bureau, which supports lawmakers in such matters.
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
JAPAN / Politics
May 9, 2025

Who could become Japan's next prime minister?

Regardless of the outcome of July's Upper House election, the bar will be high for anyone seeking to unseat incumbent Shigeru Ishiba.
Panasonic is targeting 10,000 job cuts worldwide as part of efforts to boost profitability.
BUSINESS / Companies
May 9, 2025

Panasonic targets 10,000 job cuts worldwide

The cuts will focus on positions at consolidated companies — 5,000 in Japan and 5,000 overseas.
U.S. Treasury Secretary Scott Bessent takes questions at the White House on April 29. Bessent, a former hedge fund manager, is leading trade talks with China in Geneva.
BUSINESS / Economy
May 11, 2025

U.S. and China conclude first day of talks in bid to ease trade war

U.S. President Donald Trump said negotiators had "a very good meeting” on their first day of an effort to deescalate the rivals' trade war.
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
BUSINESS / Economy
May 11, 2025

Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs

The U.S. is an important market for the Japanese automobile industry, accounting for about 20% of its total car exports in terms of volume and about 30% in terms of value.
Hiroshi Nishi, dean of the Faculty of Dinosaur Paleontology at Fukui Prefectural University, in Eiheiji, Fukui Prefecture, in April
JAPAN
May 11, 2025

Japan's first dinosaur department opens at university in Fukui

Students in Fukui Prefectural University's Faculty of Dinosaur Paleontology will participate in cutting-edge research and fossil excavations.
Japan's growing ranks of centenarians are redefining what it means to live in a super-aging society.
LIFE / Lifestyle / Longform
May 12, 2025

What comes after 100?

The number of Japanese centenarians is on the rise, providing new models for how to live in a super-aging society.
An electric vehicle factory in Ningbo, China, on April 9, 2024. For years, Xi Jinping, the leader of China, has planned to make the world dependent on its exports and know-how, but the strategy has costs for his own country.
BUSINESS / Economy
May 12, 2025

This is the trade conflict Xi Jinping has been waiting for

A willingness to weaponize the supply chain may be one of the starkest examples of how Xi is redefining China’s relationship with the world.
A former nonregular government employee, who cooked lunch for a public school in the Tohoku region, says she was dismissed after she was made to take an open recruitment exam.
JAPAN / Society / Regional Voices: Tohoku
May 19, 2025

Civil service contract workers fear lack of job security

Contracted civil servants are paid about half the salaries of regular staff or even less, and a fear of being dismissed hangs over their heads.
White South Africans rally outside the U.S. embassy in Pretoria, South Africa, on Feb. 15. Dozens of Afrikaners who claim discrimination in their home country left Johannesburg on Sunday. Their departure for the U.S. comes as the Trump administration has halted virtually all refugee admissions.
WORLD / Politics
May 12, 2025

First white South Africans board plane for U.S. under Trump refugee plan

South African authorities say the Trump administration has waded into a domestic political issue it does not understand.
Sinovac, a Chinese COVID-19 vaccine, is administered in Bangkok in 2021. The recent U.S. withdrawal from the World Health Organization has further opened the field for Beijing to assert its role in global health, including through vaccine diplomacy.
COMMENTARY / World
May 12, 2025

If China triumphs, America has itself to blame

While Trump's policies bite at home, Beijing is stepping in to fill the void left by the U.S. retreat from global leadership in areas ranging from trade and investment to health.
Nissan CEO Ivan Espinosa in Tokyo as the company releases its results
BUSINESS / Companies
May 13, 2025

Nissan gets ‘wake-up call’ with $4.5 billion annual net loss

The company plans more than 10,000 job cuts globally in addition to the 9,000 cuts announced previously.
Japan will call for the public and private sectors to spend about ¥60 trillion in total over the five years to fiscal 2029 to improve the productivity of small and midsize companies.
BUSINESS / Economy
May 14, 2025

Japan considers five-year wage hike plan for smaller firms

The government will call on the public and private sectors to spend about ¥60 trillion in total over the five years.
Trainees from Indonesia and Vietnam learn about the mechanisms of train doors using a model at East Japan Railway's training center in Shirakawa, Fukushima Prefecture, in March.
JAPAN / FOCUS
May 14, 2025

JR East to start training foreign nationals under new skills program

JR East aims to train around 100 people each year, and more than 10 railway operators have already expressed interest in joining the initiative.
Tokyo officials are pushing back against arguments that blame the dwindling national population partly on the concentration of people and businesses in the capital.
JAPAN / FOCUS
May 15, 2025

Regional revitalization faces Tokyo-countryside divide

Some blame Japan's dwindling national population partly on the concentration of people and businesses in the capital.
Calling themselves "Cheer Re-Man's" — a mash-up of "cheerleading" and "salaryman" — the group is made up of alumni from the elite Waseda University's male cheerleading squad.
JAPAN
May 15, 2025

Japanese 'salarymen' inspire with cheerleading acrobatics

The young men are all about spreading cheer through their eye-popping acrobatic performances, volunteering their weekends to entertain crowds.
Prime Minister Shigeru Ishiba said the government will do all it can to raise wages, particularly for small and midsize businesses, which account for 70% of employment in Japan.
BUSINESS / Economy
May 15, 2025

Japan to target 1% real wage gains within the next five years

The goal is based on the premise that stable and sustainable 2% inflation is in place.
Carlos Ghosn, then president and CEO of Nissan Motor and Renault, delivers a speech during an opening ceremony of a Nissan car factory in St. Petersburg in June 2009.
COMMENTARY / Japan
May 15, 2025

Nissan is dying and taking globalization with it

Nissan is a Japanese business in name only: Despite accounting for 45% of jobs and about 35% of manufacturing assets, just 16% of sales are at home.
Japan is considering adding three more sectors, including distribution warehouse management, to its program to grant residency status to foreign workers with what are being called "specified skills."
JAPAN
May 16, 2025

Japan eyes three more sectors for foreign workers program

The three sectors — distribution warehouse management, services supplying sheets and towels to hotels, and resource recycling — are struggling to secure workers.
A Mynavi survey has found that even dual-income households are facing financial strain in Japan.
JAPAN / Society
May 16, 2025

Finances are tight for dual-income households too, survey finds

Nearly half of full-time workers whose spouses also work say they are struggling financially.
Prime Minister Shigeru Ishiba attends a Cabinet meeting in Tokyo on Friday.
JAPAN / Politics
May 16, 2025

Pension bill makes it to parliament after two-month delay

Internal resistance from the ruling Liberal Democratic Party toward certain proposals in the draft bill led to the delay.
British Prime Minister Keir Starmer speaks with members of the media as he arrives for the European Political Community summit in Tirana, Albania, on Friday.
WORLD / Politics
May 18, 2025

U.K. and EU wrangle over students and travel ahead of reset summit

Hours before Prime Minister Keir Starmer was scheduled to host EU leaders on Monday, the U.K. and the EU had still not agreed on plans for a youth exchange program.
Muneyuki Izawa, a chef at the Japanese ambassador's official residence in Phnom Penh, prepares Japanese cuisine dishes.
JAPAN
May 18, 2025

Japan working to improve treatment of 'culinary diplomats' in diplomatic missions

In July, the ministry will start accepting applications for chef positions under improved working conditions, with the improved treatment set to take effect next January.
Kim Moon-soo, the presidential candidate for South Korea's conservative People Power Party, attends an election campaign rally in Seoul on Monday.
ASIA PACIFIC / Politics
May 19, 2025

South Korean conservative presidential candidate open to discussing U.S. troop costs

South Korea's conservative presidential candidate Kim Moon-soo said on Monday he was willing to discuss sharing more of the cost of stationing the U.S. military in the country.
U.S. Treasury Secretary Scott Bessent testifies before a House Financial Services Committee hearing on Capitol Hill in Washington on May 7.
BUSINESS / Economy
May 19, 2025

U.S. Treasury chief to focus on imbalances at G7 finance meeting

U.S. Treasury Secretary Scott Bessent will seek to refocus the group on addressing trade imbalances and nonmarket economic practices.

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear