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The Bank of Japan headquarters in Tokyo. This week's market turmoil underscored how difficult it is for the central bank to limit market shocks as it unwinds years of extraordinary monetary stimulus.
BUSINESS / Markets
Aug 9, 2024

Mixed messages from BOJ leave traders guessing about its true aims

Investors are wondering how much faith they can put into the Bank of Japan following comments that appear to be damage control.
Finance Minister Shunichi Suzuki
JAPAN / Politics
Aug 9, 2024

Kishida Cabinet members resume holding fundraising parties

"I will continue to carry out (fundraising through parties) in a restrained manner," said Finance Minister Shunichi Suzuki.
Nomura Orient International Securities, Nomura Holdings' Shanghai-based joint venture brokerage, lost 184.5 million yuan ($26 million) in 2023, marking the fourth straight year of losses since its launch.
BUSINESS / Companies
Aug 9, 2024

Nomura’s former China business head leaves after years of losses

Sun Dongqing joined Shenzhen-based East Asia Qianhai Securities this month, according to registration records.
Traders work on the floor of the New York Stock Exchange on Monday as selloffs in global markets, including Japan’s Nikkei 225 index, deepened amid concerns about a slowdown in the global economy.
EDITORIALS
Aug 9, 2024

BOJ rate hike spooked markets, but it's not the sole culprit

Unwinding decades of loose monetary policy was always going to be challenging, and the global economy must brace for similar adjustments from other central banks.
A 5.3 magnitude earthquake struck the Kanto region on Friday evening.
JAPAN
Aug 9, 2024

Magnitude 5.3 quake strikes Kanto region

The quake, with an epicenter in western Kanagawa Prefecture, occurred at a depth of 10 kilometers. There was no threat of a tsunami.
Ichiro Ozawa of the Constitutional Democratic Party of Japan
JAPAN / Politics
Aug 10, 2024

Former CDP heavyweight Ozawa looks to replace Izumi in next leadership race

"We should pick the best suited person to wrest power," Ozawa said, reiterating his hopes to field a candidate other than Izumi for the leadership race.
The Taiwan Semiconductor Manufacturing Company facility in Phoenix. The tech giant modeled its facility in Phoenix on one at home. But bringing the company's highly complex manufacturing process to America has been a bigger challenge than it expected.
BUSINESS / Companies
Aug 10, 2024

What works in Taiwan doesn’t always work in Arizona, a chipmaking giant learns

Bringing TSMC's highly complex manufacturing process to America has been a bigger challenge than it expected.
Scientists have proposed a way to heat up Mars using heat-trapping iron or aluminum particles as an initial step toward making the planet habitable for people.
WORLD / Science & Health
Aug 10, 2024

Scientists propose warming up Mars by using heat-trapping 'glitter'

The scientists who developed the proposal see it as a potentially doable initial step toward making the planet habitable.
Japan's Rei Higuchi (red) wrestles U.S.' Spencer Richard Lee (blue) in their men's freestyle 57-kg wrestling final match at the Champ-de-Mars Arena during the Paris 2024 Olympic Games on Friday.
OLYMPICS / Wrestling
Aug 10, 2024

Wrestling golds from Higuchi and Sakurai fuel Japan's dominance on mat

Powerhouse Japan claimed two of Friday's three freestyle wrestling gold medals at the Paris Olympics through Rei Higuchi and Tsugumi Sakurai.
Haruka Kitaguchi competes in the final of the women's javelin on Saturday at the Paris Olympics.
OLYMPICS / Athletics
Aug 11, 2024

Japan's Haruka Kitaguchi secures javelin gold with opening throw

Last year Kitaguchi needed her final throw to take the world gold in Budapest, but there was little suspense at the Stade de France on Saturday.
Gold medalist Sakura Motoki during the medal ceremony for the Olympic women's 62-kg freestyle event at Champs de Mars Arena in Paris on Saturday.
OLYMPICS / Wrestling
Aug 11, 2024

Sakura Motoki adds to Japan's wrestling gold rush in Paris

Her victory against Ukrainian Iryna Koliadenko in the 62-kg final extended Japan's big lead in the wrestling medal table.
China's Chang Yuan reacts after she beat Turkey's Hatice Akbas in the women's 54-kg gold-medal bout at the Paris Olympics on Thursday.
OLYMPICS / Boxing
Aug 11, 2024

China's female boxers break through to reign at Paris Olympics

Women's boxing made its Olympic debut in 2012 and after some near-misses, China struck gold this past week with three titles in as many days at Roland Garros.
International Olympic Committee President Thomas Bach speaks during an IOC session in Paris on Saturday.
OLYMPICS
Aug 11, 2024

Olympics chief Thomas Bach says he will not seek third term

"New times are calling for new leaders," the 70-year-old German lawyer, who has been in charge since 2013, told a session of IOC members in the French capital.
Ukrainian servicemen drive an infantry vehicle near the Russian border in the Sumy region on Saturday.
WORLD
Aug 11, 2024

Russia pushes back at Ukraine’s cross-border assault, but Kyiv presses on

The assault surprised both Moscow and Washington, as well as other Western partners and analysts who follow the war’s troop movements.
Although markets can promote economic efficiency under the right conditions, there is no “invisible hand” to deliver solidarity, agency, material sufficiency and environmental sustainability.
COMMENTARY / World
Aug 11, 2024

A new worldview for troubled times

The problem is not that humans are predominantly ignorant or evil. Most people abhor social discord, abject poverty and environmental destruction.
A Japanese protester holds a picture of the disputed islands called Takeshima in Japan and Dokdo in South Korea, during a rally in Tokyo in February 2013.
JAPAN
Aug 11, 2024

Japan protests South Korea's maritime survey near Takeshima

According to the Foreign Ministry, a South Korean survey ship was spotted on the day dropping apparent wires into waters within Japan's exclusive economic zone.
Yuka Kagami celebrates with her medal after winning the women's 76-kg freestyle wrestling event on the final day of the Paris Olympics on Sunday.
OLYMPICS
Aug 12, 2024

Japan finishes third on medal table after strong showing at Paris Olympics

Japan won 20 gold medals at the Paris Olympics for its best showing at an overseas Games.
Sifan Hassan of the Netherlands crosses the line to win gold in the Olympic women's marathon on Sunday in Paris.
OLYMPICS / Athletics
Aug 12, 2024

With marathon gold, Sifan Hassan tests the limits of endurance

Hassan had described her grueling Olympic schedule — which included three long-distance events — as one driven by curiosity.
Disney resorts division head Josh D’Amaro
BUSINESS / Companies
Aug 12, 2024

Disney plots villains-themed land and new cruise ships in resorts push

Disney is providing details after announcing plans for its parks and resorts unit last year that included doubling capital investment to $60 billion over 10 years.
A tourist picks up an aloha shirt at the Samurai Aloha store at Narita Airport in June.
BUSINESS / Companies / Regional Voices: Tohoku
Aug 12, 2024

Aloha shirts made from recycled kimono in Tohoku prove to be huge hit

The shirts, called Samurai Aloha, were launched in the hopes of helping the area recover from the 2011 Great East Japan Earthquake.
Takuya Yokota, who leads the Association of Families of Victims Kidnapped by North Korea, speaks during an event to spread awareness of the abduction issue among junior high school students on Aug. 9 in Tokyo.
JAPAN / Politics
Aug 12, 2024

Government ramps up efforts to raise awareness on North Korean abductions

There are concerns that the issue, which has dragged on for decades, is slipping from the public’s awareness, particularly among younger generations.
Power lines on the highway between Shanghai and Suzhou, China, on Oct. 23, 2023
BUSINESS / Tech
Aug 12, 2024

China rapidly expands battery fleet but needs to start using it

China’s new energy storage capacity jumped to 44 gigawatts at the end of June, a 40% increase from the start of the year.
A new trend on social media advocates living a more frugal lifestyle that prioritizes quality over quantity.
WORLD / Society
Aug 12, 2024

Do I need it? 'Underconsumption core' trends on TikTok

Years of inflation have forced many to the conclusion they cannot keep up with the spending habits of those on their social media feeds.
People rest outside Matadero cultural center during the fourth heatwave of the summer in Madrid on Sunday.
ENVIRONMENT
Aug 12, 2024

Experts are fighting over whether to give heat waves names

The arguments against naming heat waves aren’t so removed from the arguments in favor: Heat is complicated, and its threat level tricky to generalize.
Aeon has said that it will do its best to achieve the early release of a Japanese employee in Myanmar who was just given a one-year prison term.
JAPAN / Crime & Legal
Aug 12, 2024

Japanese employee of Aeon given one-year prison term in Myanmar

Hiroshi Kasamatsu had been charged with violating a law on daily necessities and services by selling rice at prices higher than levels set by the military regime.
Visitors take selfies at Kinkaku-ji Golden Temple in Kyoto.
BUSINESS
Aug 13, 2024

Overtourism isn’t the conundrum it’s made out to be

142 countries are projected to exceed their pre-pandemic tourism performance this year, according to the World Travel & Tourism Council.
A Bank of Japan report said input prices for firms gained 3.0% from a year earlier.
BUSINESS / Economy
Aug 13, 2024

Japan’s producer inflation quickens for sixth straight month

The increase reflected rising prices of materials due to a weaker yen and the suspension of subsidies to ease the impact of higher electricity and gas prices.
France President Emmanuel Macron and International Olympic Committee         President Thomas Bach before the closing ceremony of the Paris 2024 Olympics on Sunday.
OLYMPICS
Aug 13, 2024

Paris Olympics average 30.6 million U.S. viewers, a 82% bump from Tokyo

The BBC said the Games were streamed 218 million times on its platforms, more than doubling Tokyo's figures.
Former economic security minister Takayuki Kobayashi says changes in the international balance of power, along with deepening economic interdependence, have led some countries to attempt to use their economic power to impose their will on others.
JAPAN / Politics
Aug 13, 2024

Economic security is about strengthening and sustaining growth, former minister says

The nascent concept goes beyond more regulations and restrictions, says Japan's first economic security minister, Takayuki Kobayashi.
J-pop act Atarashii Gakko! is set to deliver a jubilant performance at Summer Sonic this weekend.
CULTURE / Music
Aug 14, 2024

Summer Sonic bets on a more local lineup

The international music festival seeks to boost attendance figures with more domestic and Asian acts such as Atarashii Gakko!, Number_i and Creepy Nuts.

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