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July 31, 2025
 

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JAPAN
Apr 20, 1999

Small-business innovation key to revitalization: report

Creation of new businesses and more innovative management at smaller firms are key to revitalizing the economy and boosting employment in this period of industrial maturity, according to a white paper issued Tuesday by the Small and Medium Enterprise Agency.
Several support networks have launched to help startup founders in Japan whose native language isn't Japanese.
BUSINESS / Companies / Longform
Jul 8, 2024

As Japan's startup ecosystem grows, so does a supportive community of entrepreneurs

Interest in startups is outpacing ecosystem capabilities, which has led more founders to turn to each other for guidance and support.
Hitachi CEO Keiji Kojima. The company’s metamorphosis belies the argument that the bastions of Japan Inc. are set forever in their ways.
BUSINESS / Companies
Aug 4, 2023

Hitachi reinvents itself in sign of hope for Japan

The old-school conglomerate revamped its governance, shrank its empire to focus on growth and evolved into a more global enterprise.
A Mazda MX-30 at a dealership in the city of Hiroshima. The MX-30 is the only electric vehicle model Mazda currently sells in Japan.
BUSINESS / Companies / Regional Voices: Hiroshima
Aug 28, 2023

Mazda accelerates EV shift in China, reshaping ties with suppliers

Mazda’s sales in China in the year from April 2022 halved from the previous year to 84,000 units due to a thin lineup of EVs.
Teamshares, an American startup, is bringing its employee ownership succession model to Japan in its first overseas foray to offer employees path to buy small businesses.
BUSINESS / Companies
Feb 21, 2024

MUFJ-backed startup gives employees route to take over small firms

The Teamshares model could help 2.45 million small business owners who will be 70 or over by 2025, almost half of whom have yet to identify a successor.
Hiroshima Kanon Senior High School in the city of Hiroshima opened a cafeteria serving authentic Italian cuisine in December last year after Hoyu, which had been entrusted with cafeteria operations, went bankrupt in September.
JAPAN / Society
Apr 10, 2024

Business stability screenings urged for school lunch operators

The directive followed the abrupt suspension of meal services at schools across the country by Hoyu, a cooking service company.
The student lounge in the senior school building at the GEMS World Academy in Dubai
BUSINESS / Economy
Sep 16, 2024

Expats paying $33,000 school fees fuel rise of Dubai billionaire

Founded by Indian-born Sunny Varkey, GEMS Education caters to every price point, starting at as little as $3,900 a year.
U.S. President Joe Biden delivers remarks at the White House in Washington last month.
BUSINESS
Aug 5, 2023

Biden order curbing investment to China expected in coming days

The goal of the order is to prevent U.S. capital and expertise from accelerating the development of tech that would support China's military.
Softbank's Vision Fund unit swung to a profit of ¥61 billion in the quarter ended June, compared with a ¥2.33 trillion loss for the same period a year ago.
BUSINESS
Aug 8, 2023

Global tech stock rebound lifts SoftBank Vision Fund into profit

The fund logged a ¥61 billion profit in the quarter ended June — its first in over a year — compared with a ¥2.33 trillion loss a year ago.
An office of OpenAI, the creator of ChatGPT, in San Francisco. The firm recently assured corporate partners that their data would not be used to train the chatbot further.
BUSINESS
Aug 12, 2023

ChatGPT fever spreads to U.S. workplace, sounding alarm for some

Some 28% of respondents to an online poll on artificial intelligence said they regularly use ChatGPT at work.
A growing array of media companies say they are blocking OpenAI's webpage-scanning tool.
BUSINESS / Tech
Aug 31, 2023

Fearing digital 'pillaging,' news outlets block OpenAI web bot

The New York Times, CNN, Australian broadcaster ABC and news agencies Reuters and Bloomberg have taken steps to thwart the GPTBot web crawler.
BUSINESS / Companies
Sep 1, 2023

Rapidus breaks ground on key Hokkaido chip factory

Rapidus aims to position itself as a prominent worldwide supplier of cutting-edge 2-nanometer-wide semiconductors.
A clothing packaging warehouse near Barcelona last month
BUSINESS / FOCUS
Sep 1, 2023

Fast fashion firms prepare for EU crackdown on waste mountain

Fast fashion, or making and selling cheap clothes with a short lifespan, is "highly unsustainable," the European Commission said in July.
Aillis CEO Sho Okiyama receives the first place award from Pegasus Tech Ventues founder and CEO Anis Uzzaman at the Startup World Cup Tokyo preliminary on Friday.
BUSINESS / Tech
Sep 12, 2023

Two Japanese startups to compete in Startup World Cup 2023 final

Smart homes and AI-assisted medical devices took top prizes, with the winners now set to attend the final competition in San Francisco.
Umbrellas are displayed at Komiya Shoten, a company that has made handcrafted umbrellas for rain or shine for nearly a century, in Higashi-Nihombashi, Tokyo, on Aug. 3.
BUSINESS
Sep 21, 2023

Heat brings hope for handmade umbrella-maker in Tokyo

One of Tokyo's last handmade umbrella shops has weathered many storms and is now thriving, thanks to booming demand for parasols.
An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyberattack earlier this month, in Las Vegas, Nevada
BUSINESS / Tech
Sep 25, 2023

'Power, influence, notoriety': The Gen-Z hackers who struck MGM and Caesars

Experts say they appear to be more sophisticated, disciplined and organized than many cybercriminal actors, and probably between 17 and 22 years old.
Jim Ryan, president and CEO of Sony Interactive Entertainment, speaks during the Consumer Electronics Show in Las Vegas in January.
BUSINESS / Companies
Sep 28, 2023

Sony gaming chief Jim Ryan to retire in March

Ryan became CEO of Sony Interactive Entertainment in 2019 and oversaw initiatives including the launch of the PlayStation 5.
Hackers have attacked the Philippines’ state health insurer, which didn’t have cyber protection software, leaving the data of millions of the country's citizens vulnerable.
BUSINESS / Companies
Oct 10, 2023

Hacked Philippine health insurer had no cyber protection software

The lapse, partly caused by a change in procurement processes, adds to a series of attacks on Philippine government agencies.
Elon Musk, CEO of SpaceX and Tesla and owner of social media site X, attends the Viva Technology conference in Paris in June.
BUSINESS / Tech
Oct 11, 2023

EU warns Musk over 'illegal' disinformation on X after Israel attack

Everything from video game and movie clips to old images of conflicts are being used to push false narratives across Elon Musk's platform.
The U.S. is struggling to cut China off from top AI technology.
BUSINESS / Tech
Oct 13, 2023

Biden eyes adding AI chip curbs to Chinese companies abroad

Efforts to close the loophole allowing access to chips the show how the Biden administration is struggling to cut China off from top AI technology.
Xi Jinping's third Belt and Road Forum begins today in Beijing.
BUSINESS / Economy / FOCUS
Oct 16, 2023

Xi’s $1 trillion ‘project of the century’ faces uncertain future

China’s overall activity in BRI countries is down about 40% from its 2018 peak as the world’s second-biggest economy slows.
When COVID-19 first emerged, companies across the health care industry raced to reconfigure themselves. That transformation is now unraveling.
BUSINESS / Companies
Oct 18, 2023

Life after COVID turns rocky for reshaped health care businesses

When the coronavirus first emerged, companies across the health care industry raced to reconfigure themselves. That transformation is now unraveling.
The Powerchip Semiconductor Manufacturing Corp. headquarters in Taiwan
BUSINESS / Companies
Oct 31, 2023

Taiwan's Powerchip chooses Miyagi Prefecture for $5.4 billion fab

The fab will manufacture chips in the 28-nanometer, 40-nm and 55-nm categories with a planned monthly output of 40,000 wafers, the two companies said.
Elon Musk, owner of X, attends an event in Paris on June 16.
BUSINESS / Tech
Nov 6, 2023

Musk to integrate xAI with social media platform X

The billionaire also said xAI released its first AI model, a bot named Grok, after making it available to all X Premium+ subscribers.
A man walks through the Central Business District on a rainy day, in Beijing.
BUSINESS / Economy
Nov 28, 2023

West's de-risking starts to bite China's prospects

China is outwardly confident about growth despite a global economic slowdown
Rapidus Chairman Tetsuro Higashi says engineers who had left Japan to work abroad are now joining Rapidus to help it revive the domestic chip industry.
BUSINESS / Companies
Nov 30, 2023

Rapidus hunts for engineers to help Japan regain faded chip glory

Securing engineers in a country with a declining population is among the most pressing issues for the company.
A worker at the Ford F-150 Lightning plant in Dearborn, Michigan in April last year. New government rules will try to shift more production of electric vehicle batteries and the materials that power them to the United States.
BUSINESS
Dec 2, 2023

U.S. sets limits on Chinese content to receive EV tax credits

The guidelines establish a 25% ownership threshold for a company or group to be classified as a foreign entity of concern.
Bernadett Vejkey, marketing manager at Addionics, holds up a sheet of a porous, three-dimensional copper anode the battery materials startup has developed for electric vehicle batteries, at the company's lab in London.
BUSINESS / Companies
Dec 11, 2023

Fear of cheap Chinese EVs spurs dash for affordable cars

Legacy automakers are turning to suppliers to get their costs down and even steer clear of rare earths, a segment dominated by China.
ASML chief executive officer Peter Wennink (right) welcomes South Korean President Yoon Suk-yeol during the latter's visit to ASML facilities in Veldhoven, the Netherlands
BUSINESS / Tech
Dec 13, 2023

ASML and Samsung ink chip deal as Yoon visits Netherlands

Semiconductor powerhouses agreed to set up a research plant using next-generation extreme ultraviolet equipment in South Korea.
Data center development is time-consuming and complex — requiring a mix of expertise around real estate, technology, local regulations and environmental requirements. Asia’s highly fragmented market makes navigating these factors even more onerous.
BUSINESS / Tech
Jan 15, 2024

Global investors plow into Asia data centers on AI boom

Asia is becoming the latest hunting ground for investors in data centers, as companies bet on the region’s growing computing and data storage needs.
Japan on edge but prepared for tsunami after huge Kamchatka earthquake
Police officers ask a man to evacuate from an empty beach following a tsunami warning, in Fujisawa, Kanagawa Prefecture, on Wednesday.
Japan to start new residency system for foreign workers
Students hoping to work in Japan attend a Japanese class at a job placement company in Hanoi in October 2022.
Last soldiers of Imperial Japanese Army have a warning for younger generations
Kunshiro Kiyozumi, 97, who was the youngest crew member of the Imperial Japanese Navy submarine I-58 in World War II, on his way to a restaurant to have lunch in Matsuyama, Japan, on April 29.
Japan marks highest-ever temperature of 41.2 C in Hyogo
Japan's temperature soared to a record 41.2 degrees Celsius in Tanba, Hyogo Prefecture, on Wednesday, surpassing the previous high of 41.1 C.
Japan should take all possible measures to raise wages, white paper says
Prolonged high prices for food and other goods have pushed down consumer sentiment and real wages, according to the Annual Report on the Japanese Economy and Public Finance for fiscal 2025.
How the Japanese TV industry is changing
Fuji TV headquarters in Tokyo's Minato Ward. Fuji TV came under fire over the manner in which it handled a case of “sexual trouble” involving former boy band member Masahiro Nakai and a female announcer.
Last soldiers of Imperial Japanese Army have a warning for younger generations
Kunshiro Kiyozumi, 97, who was the youngest crew member of the Imperial Japanese Navy submarine I-58 in World War II, on his way to a restaurant to have lunch in Matsuyama, Japan, on April 29.
Why Ishiba refuses to quit even amid intense pressure for him to go
Supporters of Prime Minister Shigeru Ishiba take part in a rally across the street from the Prime Minister's Office on Friday.
Behind the scenes at the Baseball Hall of Fame's new Yakyu/Baseball exhibit
“Yakyu / Baseball: The Transpacific Exchange of the Game” is set to remain on display in Cooperstown for at least five to 10 years — and possibly indefinitely.
Boys’ love dramas from Thailand make waves in Japan
Wakana, a Japanese fan of Thai BL, visits a temple in Thon Buri, Bangkok featured in the Thai adaptation of the Japanese series “Cherry Magic.” Her media consumption kindled an interest in Thai culture and language, and ultimately led her to relocate to Thailand. “I fell in love with the whole country,” she says.

Podcast

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

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
By Jason Coskrey

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