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Tatsufumi Shibata, deputy director-general at the Financial Services Agency, is pushing for greater disclosure by companies of their cross-shareholding practices.
BUSINESS
May 2, 2024

Japan suspects firms are evading disclosure of cross-shareholdings

Some companies are thought to be masking cross-shareholdings as being owned for purely trading purposes.
Laxman Narasimhan has been CEO of Starbucks for just over a year.
BUSINESS / Companies
May 2, 2024

Sales slump and shares dive at Starbucks as inflation cuts thirst for treats

The global chain expressed confidence in its forecast as recently as November, saying that demand for iced shaken espressos was resilient.
Manahel al-Otaibi wears western clothes in the Saudi capital Riyadh in September 2019. Human rights groups have denounced an 11-year prison term recently handed down by a counterterrorism court to the Saudi fitness instructor and women's rights activist.
WORLD / Politics
May 2, 2024

Saudi Arabia cracks down on online speech, jailing critics for decades

Fitness influencer Manahel al-Otaibi was recently sentenced to 11 years in prison after criticizing male guardianship laws and women's dress requirements.
The weak yen impacts the airline industry multiple ways, as it boosts foreign currency revenue from international flights but negatively affects travelers from Japan.
BUSINESS / Companies
May 2, 2024

Japan firms reach pain threshold as yen keeps testing lows against the dollar

The currency's sustained decline makes planning difficult for all firms and can add costs across the whole supply chain.
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
JAPAN / Politics
May 2, 2024

Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia

One of the reasons the U.S. economy is growing is because of immigrants, which countries like Japan shun, President Joe Biden said at a fundraising event.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024

U.S. market swings reveal inflation uncertainty ahead of key data

Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Although current FX interventions are not yet a significant concern for the U.S. Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future.
COMMENTARY
May 2, 2024

U.S. bonds brace for impact of Japan’s currency moves

Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.
A senior U.S. official on Thursday called on China and Russia to commit to ensuring that decisions about deploying nuclear weapons are made solely by humans, not artificial intelligence.
WORLD / Politics
May 2, 2024

U.S. official urges China and Russia to declare only humans, not AI, control nuclear weapons

The push comes as U.S. President Joe Biden tries to deepen discussions with China over nuclear weapons policy and the growth of artificial intelligence.
While the visual cues of cartoonishness, color and bounciness suggest fun and innocence, Saeborg’s “Saedog” performance nudges the audience toward contemplating captivity and confinement.
CULTURE / Art
May 2, 2024

Art award show offers trippy scenes of seeing and being seen

The two winners of the Tokyo Contemporary Art Award offer provocatively contrasting work at the Museum of Contemporary Art Tokyo.
Sumitomo headquarters in Tokyo on Tuesday
BUSINESS
May 2, 2024

Sumitomo to bolster shareholder returns in new midterm plan

Sumitomo will allocate ¥700 billion ($4.5 billion) of returns over the next three years, with a goal of total shareholder return ratio of 40%.
The possibility of a potential invasion of Taiwan by China and Russia is prompting new planning across the U.S. government to counter such a scenario.
ASIA PACIFIC / Politics
May 3, 2024

U.S. spies see China and Russia working closely on military issues

The possibility of a potential invasion of Taiwan by China and Russia is prompting new planning across the U.S. government to counter such a scenario.
New Zealand foreign minister Winston Peters
ASIA PACIFIC / Politics
May 3, 2024

New Zealand 'seriously concerned' about China's actions in Pacific

New Zealand's foreign minister acknowledged China as a "vital economic partner" but said Wellington will continue to share its concerns with Beijing.
A boy next to a nearly dried-up lake during an electricity blackout in Yangon on Thursday
ASIA PACIFIC
May 3, 2024

Myanmar's junta stops issuing permits for men to work abroad

The junta said in February it would enforce a law allowing it to call up all men to serve in the military for at least two years.
French President Emmanuel Macron speaks during a press conference in Paris on Monday.
WORLD / Politics
May 3, 2024

Macron floats Ukraine troop deployment if front line breached

Macron described Russia under President Vladimir Putin as "a power of regional destabilization" and "a threat to Europeans' security."
Crew members check an SH-60K helicopter on the deck of the Maritime Self-Defense Force's Hyuga-class destroyer JS Ise during a three-day maritime exercise between the United States and Japan in the Philippine Sea on Jan. 31.
JAPAN
May 3, 2024

MSDF chopper crash likely caused by human factors

The accident off the Pacific island of Torishima on the night of April 20 left one crew member dead and seven other still missing.
Nomura Holdings and Mizuho Bank are hit by more than $100 million of potential losses related to All Blue Capital, raising questions about their monitoring of high-risk investment funds.
BUSINESS / Companies
May 3, 2024

Nomura and Mizuho face losses after fund’s failed trades

The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
Scientists have observed an orangutan applying medicinal herbs to a face wound in an apparently successful attempt to heal an injury, the first time such behavior has been recorded.
WORLD / Science & Health
May 3, 2024

Orangutan's use of medicinal plant to treat wound intrigues scientists

Researchers said they believed this was the first documented case of a wild animal self-treating a wound.
Lin Ruei, 17, co-founder of Exptech and Disaster Prevention Information Platform app (DPIP), poses for a photo in Taoyuan, Taiwan, on April 29.
ASIA PACIFIC / Society
May 3, 2024

Quake warning app demand surges in earthquake-rattled Taiwan

Official earthquake apps' patchiness and the demand for better alerts have boosted the popularity of privately-developed quake warning apps.
Jakob Ingebrigtsen runs during a Diamond League meet in Brussels on Sept. 8, 2023.
OLYMPICS
May 3, 2024

Jakob Ingebrigtsen expects Paris to be 'walk in the park' compared to Tokyo

Jakob Ingebrigtsen believes his 1,500-meter Olympic title defense will be a breeze as long as he avoids illness and injury on the road to Paris.
Claudio de Sanctis, head of private bank at Deutsche Bank AG, during an interview in Singapore, on April 18
BUSINESS / Companies
May 3, 2024

Deutsche Bank unveils wealth targets after hiring push in Asia

Private banks are turning to the Middle East and Southeast Asia amid China's property crisis and a downturn in capital-market activity in Hong Kong.
Diane Severin Nguyen’s film, “In Her Time (Iris’s Version),” 2023-24, about a young actress struggling with her role in a (fictional) movie about the Nanjing Massacre, is on display at the Whitney Biennial at the Whitney Museum of American Art in New York. Artificial intelligence and the "rhetoric around gender and authenticity” were themes in this year's show.
COMMENTARY / Japan
May 2, 2024

The winner-take-all economy is ruining art, too

The value of art is not just a matter of taste. To appeal to collectors, artists require the approval of the establishment.
Students can learn faster by using tablets in the classroom. In Malawi, every dollar spent on this type of learning delivers over $100 worth of higher productivity in the long term.
COMMENTARY / World
May 3, 2024

The policies that deliver the most bang for a government's buck

Instead of making many grand promises, governments should prioritize smart policies that yield the highest returns, such as tablets in schools.
Superintendent Mandeep Mooker, officer-in-charge of the Integrated Homicide Investigation Team (IHIT), speaks at a news conference providing an update into the Hardeep Singh Nijjar homicide investigation in Surrey, British Columbia, on Friday.
ASIA PACIFIC / Politics
May 4, 2024

Indian nationals charged in murder of Canadian Sikh activist

The murder of Hardeep Singh Nijjar in Surrey, British Columbia, last year sparked a major diplomatic clash between India and Canada.
Chinese leader Xi Jinping and French President Emmanuel Macron visit the garden of the residence of the governor of Guangdong, China, in April last year.
ASIA PACIFIC / Politics
May 5, 2024

France’s Macron calls for reset of economic ties with China

The French president said that Europe wants more reciprocity in its economic ties with China, in order to better ensure its economic security.
An attendee holds a cardboard cutout of Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, inside the CHI Health Center during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, on Saturday.
BUSINESS
May 5, 2024

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

The legendary investor paid tribute to his late business partner and said he expected the conglomerate’s $189 billion cash pile to keep growing.
Thomas A. Robinson National Stadium in Nassau, Bahamas
OLYMPICS / Athletics
May 5, 2024

U.S., Italy and Japan among 4x100 meter teams to qualify for Paris Olympic relays

Reigning Olympic 100 m gold medalist Marcell Jacobs helped Italy qualify for the 4x100 relays at the Paris Olympics.
While a new Alzheimer’s test offers hope for early intervention, it also raises complex ethical and practical questions about its implementation and potential impact on individuals' lives.
COMMENTARY / World
May 5, 2024

Do you really want to find out if you'll get Alzheimer's?

Would you want to know there’s something going wrong in your brain — even if there’s no cure?
Prime Minister Fumio Kishida holds a news conference in Sao Paulo on Saturday.
JAPAN / Politics / ANALYSIS
May 5, 2024

Kishida talks up bolstered Latin American ties as China cements position

While the visit may improve ties, observers doubt countries like Brazil will jeopardize relations with Beijing, their most important trading partner.
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
COMMENTARY / World
May 5, 2024

Is Modi’s party heading for a stunning election loss?

Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting the ruling party's desperation.
Japan Tobacco was the most popular investment destination among Nippon Individual Savings Account account holders at SBI Securities.
BUSINESS
May 5, 2024

Half of new NISA investments went to Japanese stocks

Japan Tobacco was the most popular investment destination among NISA account holders at SBI Securities.

Longform

Figure skater Akiko Suzuki was once told her ideal weight should be 47 kilograms, a number she now admits she “naively believed.” This led to her have a relationship with food that resulted in her suffering from anorexia.
The silent battle Japanese athletes fight with weight