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May 21, 2025
 

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Hong Kong is looking to Saudi Arabia in efforts to attract a new set of investors to replace Western nations who may be deterred from doing business in China at a time of rising geopolitical tensions.
BUSINESS / Markets
May 9, 2024

Hong Kong woos Saudi money in attempt to revive stock market

Its bourse operator has been having a tough time in recent years amid a stuttering Chinese economy and saber-rattling by Beijing and Washington.
Panasonic Energy's operating profit for the past business year fell short of its forecast due to lower electric vehicle battery production in Japan.
BUSINESS / Companies
May 9, 2024

Panasonic's battery unit misses annual profit estimate

Panasonic Energy faces fierce competition from other Asian battery makers such as China's CATL and South Korea's LG Energy Solution.
Liberal Democratic Party Secretary-General Toshimitsu Motegi (second from right) and his Komeito counterpart Keiichi Ishii (second from left) hold a signed agreement on political funding reform, on Thursday in parliament.
JAPAN / Politics
May 10, 2024

Japan's ruling parties find agreement on political reform, but gaps remain

The parties' plan lacks specifics on key contentious issues.
Israeli soldiers walk amid military vehicles near the Israel-Gaza Border, in southern Israel, on Thursday. Washington has long urged the Israeli government not to invade Rafah in the southern Gaza Strip without safeguards for civilians.
WORLD / Politics
May 10, 2024

Israel due to get more U.S. weapons despite Biden pause

A range of military equipment worth billions of dollars, some in the works since December, remain in the pipeline as a result of a slow approval process.
Caitlin Clark was the top pick in the WNBA draft on April 15.
BASKETBALL
May 10, 2024

Caitlin Clark feeling no pressure as WNBA debut approaches

Indiana Fever guard Caitlin Clark is embracing the moment as she brings her super-sized star power from the collegiate game to the pro ranks.
Steelmakers' concerns about BHP's coking coal market power could derail a deal between BHP and Anglo American.
BUSINESS / Companies
May 10, 2024

BHP-Anglo American deal raises alarm in Japan's steel industry

Australia is the world's biggest exporter of coking coal and top supplier to Japan, making up around 60% of its imports.
The Liberal Democratic Party faction once led by former Prime Minister Shinzo Abe holds a fundrasing party in Tokyo in May 2023.
JAPAN / Politics
May 10, 2024

Abe faction's ex-treasurer pleads guilty to underreporting political funds

Junichiro Matsumoto admitted to underreporting political funds totaling ¥670 million ($4.3 million) in the period from 2018 to 2022.
The Hong Kong market's recent rally has been fueled by a reassessment of investment strategies, with previously favored markets such as Japan and Taiwan losing appeal. Bloomberg
COMMENTARY / World
May 7, 2024

What is behind the Hong Kong market’s fast and mysterious rally?

The reallocating of investments toward Chinese assets is likely to continue, despite the historical volatility associated with the Chinese market.
A woman speaks of her experience of being sent to Macau by an overseas prostitution broker during an interview in Tokyo's Shinjuku Ward on April 8.
JAPAN / Crime & Legal
May 12, 2024

Three men rearrested over brokering of overseas prostitution

The men sent between 200 and 300 Japanese women to brothels in the United States, Canada and Australia over three years, bringing in roughly ¥200 million.
U.S. President Joe Biden touts the economic benefits of semiconductor investment at Intel’s Ocotillo Campus in Chandler, Arizona, on March 20.
BUSINESS / Tech
May 13, 2024

Global chips battle intensifies with $81 billion subsidy surge

The rush of funding has hardened battle lines in the U.S.-China trade war, including in nations like Japan.
SoftBank is regaining its footing just as founder Masayoshi Son readies sizable investments in artificial intelligence and semiconductors.
BUSINESS / Companies
May 13, 2024

SoftBank to get more aggressive on AI after profit and asset sales

The company earned a better-than-expected net income in the March quarter, helped by investment gains.
Indiana Fever guard Caitlin Clark returns the ball against the Connecticut Sun in Uncasville, Connecticut, on Tuesday.
BASKETBALL
May 15, 2024

Basketball fans flood the stands for Caitlin Clark's WNBA debut

Ticket sales have surged across the WNBA on resale platforms, with Clark's celebrity helping bring attention to the league.
A former employee of Bandai Namco Entertainment was arrested on Tuesday for allegedly embezzling ¥54 million by selling company-owned mobile phones and other items meant for game development.
JAPAN / Crime & Legal
May 15, 2024

Ex-employee of Bandai Namco unit arrested over ¥54 million embezzlement

The man, 59, allegedly sold about 500 company-owned smartphones and other items without permission to a Tokyo-based secondhand store.
Gloomy economic conditions, especially weak consumption, raise questions over whether the Bank of Japan will be able to take further steps toward policy normalization.
BUSINESS / Economy
May 15, 2024

Japan GDP data expected to show contraction for first quarter

The preliminary data is expected to show that spending by consumers and companies fell, while net exports dragged on growth for the first time in a year.
Tourists and locals stroll along Tokyo's Ginza shopping district where some roads are closed off for pedestrians due to the national holiday on April 29.
BUSINESS / Companies
May 15, 2024

Fortress’s Japan hotel unit doubles pay to fight labor shortage

MyStays Hotel Management is offering monthly salaries of ¥500,000 ($3,210) for new hires into its fast-track program.
Sharp's plant in Sakai, Osaka Prefecture, is the only remaining production site for LCD TV panels in Japan.
BUSINESS / Companies
May 15, 2024

Sharp to halt LCD plant in Osaka Prefecture by September

The major electronics maker, which continues to bleed red ink, is hoping to prevent a further deterioration of its earnings.
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
BUSINESS / Economy
May 16, 2024

Japan’s economy contracts as consumers and firms cut spending

Gross domestic product contracted at an annualized pace of 2% in the three months through March.
Employees place items into boxes and envelopes at an Amazon fulfillment center.
BUSINESS / Companies
May 16, 2024

Amazon workers say they struggle to afford food and rent

Amazon has long been criticized for its treatment of employees
Rapidus Chairman Tetsuro Higashi speaks during an interview at the company's headquarters in Tokyo on Thursday.
BUSINESS / Companies
May 17, 2024

Rapidus 'last opportunity' to put Japan back on global chip map

Rapidus' chairman says "Japan is more than a decade behind others" in digital technology, adding that "it will require enormous money just to catch up."
The Liberal Democratic Party and Komeito discuss the bill for the revision of the political funds control law in Tokyo on Wednesday.
JAPAN / Politics
May 17, 2024

LDP submits its own proposal to revise political funds law

A tight parliamentary schedule has pushed the party to expedite negotiations with the opposition even at the cost of deepening a rift with its longtime ally.
Nippon Steel, Japan’s top steelmaker, is sending Vice Chairman and Executive Vice President Takahiro Mori to Pittsburgh next week where he’ll meet with local staff and elected officials.
BUSINESS / Companies
May 18, 2024

Nippon Steel boosts efforts to woo U.S. Steel workers and politicians

Japan’s top steelmaker is sending Vice Chairman and Executive Vice President Takahiro Mori to Pittsburgh, where he’ll meet with local staff and elected officials.
Paper producers Hokuetsu and Daio Paper are forging a strategic business tie-up to survive.
BUSINESS / Companies
May 19, 2024

Hokuetsu and Daio Paper opt to forge tie-up

With shareholders skeptical, the former rivals must prove it will be a mutually beneficial partnership.
The Eiffel Tower Stadium, under construction for the Paris 2024 Olympic and Paralympic Games, and the Champ-de-Mars Arena in Paris on April 13
OLYMPICS
May 21, 2024

No reason to sanction Israel at Games, says Paralympics head

Andrew Parsons says the situations regarding Israel, Russia and Belarus are different.
A lithography system made by ASML at an Intel facility in Hillsboro, Oregon, on April 19.
ASIA PACIFIC / Politics
May 21, 2024

ASML and TSMC can disable chip machines if China invades Taiwan

Sources said the chipmakers have ways to shut-off the world’s most sophisticated chipmaking machines in the event of an attack.
Shinichiro Kashima
ESG CONSORTIUM
May 22, 2024

Nippon Life engages to encourage green transition

Engaging with high-emitting companies to spur transformation of their business rather than divesting from them is becoming increasingly important to combat climate change, said an executive officer of Japan’s biggest insurance company. “Thinking about society as a whole, it is important that we asset...
Japan's new whaling mothership, the Kangei Maru, is seen during the ship's launch ceremony at a port in Shimonoseki, Yamaguchi Prefecture, on Tuesday.
JAPAN
May 22, 2024

Japan's new 9,300-ton whaling vessel sets sail on first hunt

The departure of the Kangei Maru heralds a new era for an industry defended by the government as an integral part of Japanese culture.
Water tanks used to cultivate seaweed on land by Three Lines in Uwajima, Ehime Prefecture
JAPAN / Science & Health / Regional Voices: Kyushu
Jun 3, 2024

Poor seaweed harvest prompts Kyushu University team to look toward land

The team has found some success with on-land farming, although increasing production yields for commercialization remains a challenge.
Microsoft Vice Chair and President Brad Smith delivers a speech at the French Microsoft headquarters in Issy-les-Moulineaux, outside Paris, on May 13.
BUSINESS / Companies
May 23, 2024

Microsoft’s UAE deal could move U.S. chips and AI technology abroad

The sales accord could progress to a second phase that entails the export of crucial components of AI technology such as model weights, Microsoft's president said.
Complaints regarding overcharging for pest extermination services have been on the rise, especially among young adults, a survey has found.
JAPAN
May 23, 2024

Surge in young Japanese consumers overcharged for pest control services

The National Consumer Affairs Center warns consumers to be wary of suspiciously low-cost pest control services and advertisements found online.
Takashi Miike (front left) is among the big-name directors slated to work with K2 Pictures, a new film production startup that aims to disrupt the Japanese film industry.
CULTURE / Film / Wide Angle
May 25, 2024

Can K2's goal of creating a better film industry in Japan win over skeptics?

While established auteurs such as Takashi Miike, Miwa Nishikawa and Hirokazu Kore-eda are slated to work with the startup, it still faces an uphill struggle.
Man falls to his death from Osaka condo, killing cyclist below
Osaka's Kita Ward. Two men died Monday morning in the ward after a man fell from a high-rise condominium and struck a passing cyclist below, according to local police.
Random stabbing cases in Japan raise fears: Could the next victim be me?
Police officers stand guard on May 7 outside Todaimae Station in Tokyo's Bunkyo Ward after a random stabbing that injured a University of Tokyo student.
Shinjiro Koizumi takes farm ministry reins after predecessor's rice gaffe
Agriculture minister Taku Eto (left), who resigned on Wednesday, and former Environment Minister Shinjiro Koizumi
Japan confirms hard-line position ahead of possible tariff talks in Washington
Ryosei Akazawa, Japan’s chief tariff negotiator, at a news conference on Tuesday. He said that when Japan states it wants the tariffs reviewed, it means Tokyo wants them removed.
Amid rice shortage, farm minister comes under fire for saying he gets plenty
Agriculture minister Taku Eto has come under fire for saying at the weekend that he receives so much rice from his supporters that he has enough to sell it.
Onosato’s march to yokozuna could usher in golden age for sumo
Onosato (left) battles Gonoyama on Day 6 of the Summer Basho. With Onosato on the cusp of promotion to yokozuna, there could soon be two titans at the top of the sport fighting for titles.
A window into the mind of Esperantist and political activist Teru Hasegawa
Teru Hasegawa, Esperanto name Verda Majo, wrote leftist political essays during WWII.
Nissan’s troubles might go all the way back to Ghosn 
A lot at a Nissan plant in Mexico. The company may have overextended itself during the Ghosn era.
Random stabbing cases in Japan raise fears: Could the next victim be me?
Police officers stand guard on May 7 outside Todaimae Station in Tokyo's Bunkyo Ward after a random stabbing that injured a University of Tokyo student.
Japan confirms hard-line position ahead of possible tariff talks in Washington
Ryosei Akazawa, Japan’s chief tariff negotiator, at a news conference on Tuesday. He said that when Japan states it wants the tariffs reviewed, it means Tokyo wants them removed.

Podcast

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

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb
By Alex K.T. Martin

SUSTAINABLE JAPAN

Fujitsu crafts sustainable innovation for itself, society
Fujitsu crafts sustainable innovation for itself, society

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