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Chinese President Xi Jinping reviews the honor guard at the Great Hall of the People in Beijing last month. China is likely to adopt limited and targeted retaliation against the European Union after the bloc unveiled tariff increases on Chinese electric cars.
ASIA PACIFIC / Politics
Jun 14, 2024

China likely to retaliate in targeted ways after Europe raises levies on EVs

Beijing is expected to avoid an excessive response that encourages further trans-Atlantic alignment against China.
The number of consultations made by consumers regarding troubles on social media marked a record high in 2023, with people in their 50s or older particularly vulnerable.
JAPAN
Jun 14, 2024

Japan sees social media linked consultations hit record in 2023

In 2023, there were 910,000 consultations, and consumer damage from problematic transactions amounted to a record ¥8.8 trillion.
Haneda Airport in Tokyo is packed with travelers at the start of the Golden Week holidays in April.
BUSINESS / Companies
Jun 14, 2024

H.I.S. posts first half-year net profit in five years

For the six months through April, H.I.S. reported a consolidated net profit of ¥3.8 billion ($24.2 million), against a net loss of ¥4.8 billion a year before.
U.S. President Joe Biden joins other world leaders, including Prime Minister Fumio Kishida, as they watch a skydiving demonstration at the annual Group of Seven summit in Savelletri, Italy, on Thursday.
WORLD / Politics / ANALYSIS
Jun 15, 2024

G7 leaders unite to hammer China over trade and Russian lifeline

Group of Seven leaders warned Beijing over its "harmful" trade practices and dispatch of dual-use products to Russia for its war in Ukraine.
Marine Le Pen speaks during a European election campaign rally in Paris on June 2.
WORLD / Politics
Jun 17, 2024

France's Le Pen says she will work with Macron to appeal to moderates

Marine Le Pen is reaching out to mainstream voters as she aims to cement a majority in the next parliament.
The Metropolitan Police Department said that among 23 men arrested, two were supervisors, three were store managers and the remaining 18, their employees.
JAPAN / Crime & Legal
Jun 17, 2024

Tokyo police arrest 23 men over brokering of prostitution

The group allegedly ran four outlets in the capital that dispatched sex workers to clients at the location of their choosing.
Financial markets have tumbled since French President Emmanuel Macron dissolved the National Assembly a week ago, with about $210 billion wiped off the value of French stocks.
WORLD / Politics
Jun 17, 2024

France’s safeguards against the far right are starting to unravel

A radicalization of part of the French left and an alliance among groups ranging from the far-left to the moderates undermine the so-called republican front.
Tuesday's shareholders meeting was held at the company’s headquarters in the city of Toyota, Aichi Prefecture.
BUSINESS / Companies
Jun 18, 2024

Shareholders deliver vote of confidence to Toyota and Toyoda

They stood their ground against the advice of the world’s most influential proxy advisory services urging them to reject Toyoda's reappointment to the board.
Nintendo announced several new games that will be released on the Switch later this year, ahead of the expected launch of a new console in early 2025.
BUSINESS / Companies
Jun 19, 2024

Nintendo surprises fans by announcing new 'Zelda' game

Last year's Zelda game, Tears of the Kingdom, sold 10 million copies in just three days, according to Nintendo.
Tokyo police investigators on May 24 head toward the house in Tokyo's Shinagawa Ward where Fuyumi Takanami, 37, and her three children were found dead.
JAPAN / Crime & Legal
Jun 19, 2024

Tokyo man arrested over murder of ex-wife and three children

The 46-year-old man said that his ex-wife constantly berated him and had been pressuring him to leave the house after their divorce.
Constitutional Democratic Party of Japan leader Kenta Izumi (left) faces off against Prime Minister Fumio Kishida in a debate in parliament on Wednesday.
JAPAN / Politics
Jun 19, 2024

CDP's Izumi challenges Kishida to dissolve Lower House

Izumi said Kishida ought to seek a fresh mandate from the public due to his party's handling of its slush funds scandal.
The People's Bank of China (PBOC) building in Beijing on May 29. The authority may soon start trading government bonds in the secondary market, according to a speech made by its chief on Wednesday.
BUSINESS / Economy
Jun 20, 2024

PBOC’s new tools may spur big shift in how it manages money

The PBOC is also considering narrowing the interest rate corridor within which market rates are allowed to fluctuate, to signal a clearer policy target.
Electric cars are stacked for export at the international container terminal of Taicang Port in Suzhou, China.
BUSINESS / Tech
Jun 20, 2024

Europe’s EV battery plans fade on China price war and U.S. subsidies

As electric-vehicle sales slow, companies including Volkswagen, Stellantis and Mercedes-Benz are scaling back or refocusing battery projects.
Prime Minister Fumio Kishida arrives at the Prime Minister's Office in Tokyo on Friday.
JAPAN / Politics / FOCUS
Jun 21, 2024

For Kishida, the LDP election means a fraught summer ahead

Attention is turning to what the prime minister will do as potential rivals rally support ahead of September's vote for party president.
A group of Chinese tourists walks through the Ginza district in Tokyo.
ASIA PACIFIC / Society
Jun 22, 2024

Japan and Thailand top list of travel destinations for Chinese tourists

The return of Chinese tourists is being closely watched, as their numbers and spending are crucial for the tourism industry’s recovery.
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
BUSINESS / Tech
Jun 22, 2024

Ditching paper money makes Sweden a haven for digital criminals

Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
The holding lot of the Shanghai Automotive Industrial Corporation-Volkswagen joint venture in Shanghai in April 2023. As the European Union moves to impose tariffs on Chinese cars, Germany, with an auto industry deeply enmeshed with China, is stuck in the middle.
BUSINESS
Jun 23, 2024

Germany hopes to head off a trade war with China

China’s EV exports threaten European automakers, but companies like Volkswagen have extensive operations in China and fear retaliatory actions by Beijing.
Russian President Vladimir Putin and Vietnam President To Lam during a reception in Hanoi on Thursday
ASIA PACIFIC
Jun 23, 2024

Putin came to Asia to disrupt, and he succeeded

After stops in Pyongyang, North Korea, and Hanoi, Vietnam, last week that were draped in communist red, Putin left behind a redrawn map of risk in Asia.
Burgundy snails at the Mie Escargots Development Laboratory farm in Matsusaka, Mie Prefecture, on May 16
LIFE / Food & Drink
Jun 30, 2024

Japan's escargot entrepreneur achieves the 'impossible'

Toshihide Takase has invested a small fortune and taught himself everything about Burgundy snails.
A sling pistol confiscated by Osaka police
JAPAN / Crime & Legal
Jun 24, 2024

Japanese police and experts seek regulations for sling pistols

Sling pistols are classified as harmful toys under Osaka Prefecture's juvenile protection ordinance, however they are available to purchase freely online.
For Japan, carbon credits are seen as important as the nation waits for its climate technology bets to pay off.
BUSINESS / FOCUS
Jun 24, 2024

Japan makes a late play on under-fire carbon credit trading

The government and Japanese companies see carbon offsets as important as they wait for their climate tech bets to pay off.
The Japanese national flag waves at the Bank of Japan building in Tokyo on March 18.
BUSINESS
Jun 24, 2024

Moody's Japan analyst urges reform while BOJ takes time to raise rates

Christian de Guzman said he did not expect the budget-balancing target for fiscal 2025 to be met, but failure would not trigger a negative rating action.
Fast fashion e-commerce company Shein's logo outside its office in Guangzhou, China, on June 11
BUSINESS / Companies
Jun 25, 2024

What is at stake for China-founded Shein as EU rule looms

Shein has faced more than 90 lawsuits alleging it plagiarized others’ designs or products.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024

Toyota and affiliates to offload some $1 billion in Aisin shares

Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
Ryosuke Kunisawa hopes his "concept brewpub" serves as a focal point to an image change for the salaryman epicenter that is the Shimbashi neighborhood.
LIFE / Food & Drink
Jun 30, 2024

Craft beer, craftsmanship and a family of reinvention

On the first two floors of his family’s slender eight-story building, Kunisawa launched the Kunisawa Brewing Company, Shimbashi's first beer brewery, in May 2022.
American sprinter Noah Lyles poses with a "Yu-Gi-Oh!" card after winning at the U.S. Olympic track-and-field finals on Sunday. The image went viral, once again showing the popularity of Japanese cultural exports like manga.
COMMENTARY / Japan
Jun 28, 2024

Blackstone sees billions in manga. You should too.

Investment firm Blackstone's move to buy manga platform Mecha Comics, betting on the strength of Japan's soft power, looks further ahead than other players have.
Inside the TikTok office in Singapore in 2023
BUSINESS / Tech
Jul 1, 2024

China’s AI startups head to Singapore in a bid for global growth

Singapore offers many Chinese artificial intelligence startup companies better access to global investors and customers than China does.
Sumitomo Corp. President Shingo Ueno speaks during an interview at the company's head office in Tokyo on Tuesday.
BUSINESS / Companies
Jul 1, 2024

Sumitomo looks to tap U.S. shale boom despite exiting production

The company will seek to boost sales of pipelines used in U.S. shale fields.
A Chinese worker organizes plastic doll heads after painting them at a toy factory in Xietang, Zhejiang Province, China, in 2015.
BUSINESS / Markets
Jul 2, 2024

China’s plastics boom is set to create another trade headache

Parts of the country’s sprawling petrochemicals sector are running at as little as half capacity as producers cut back.
The supply of super-long Japanese debt is projected to total almost ¥30 trillion in the fiscal year that started on April 1.
BUSINESS / Markets
Jul 2, 2024

Big risks hound Japan’s longest bonds despite move to cut supply

Japan's government appears to be striving to calm down a market that’s wracked by rising yields.

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