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Volatility in the Vision Fund’s quarterly performance consistently dogs SoftBank, which has embarked on a project with OpenAI to invest $500 billion on artificial intelligence infrastructure.
BUSINESS / Companies
Feb 12, 2025

SoftBank swings to a loss ahead of big Stargate AI bet

The Tokyo-based company reported a net loss of ¥369.2 billion ($2.4 billion) for the fiscal third quarter amid volatility in its Vision Fund unit.
Ispace CEO Takeshi Hakamada says the company believes joint lunar missions between United States and Japan will remain on course after the leaders of the two countries met last week.
BUSINESS
Feb 13, 2025

Ispace upbeat as Trump keeps Artemis lunar missions with Japan

Launched last month, Ispace's Resilience lander will approach the moon in about three months for the company's second lunar touchdown.
This is the 12th straight year that labor unions of major electronics firms have demanded pay scale hikes.
BUSINESS
Feb 13, 2025

Japan electronics unions demand wage hike of ¥17,000

The focus is on whether employers will agree to raise pay significantly as in recent years to ensure that wages rise faster than prices.
Analysts warn that the emergence of DeepSeek’s low-cost, open-source large language models might cool the artificial intelligence frenzy and thus cap SoftBank's investment performance.
BUSINESS / Companies
Feb 14, 2025

Bears circle SoftBank as DeepSeek clouds outlook for Stargate

DeepSeek’s low-cost AI model is begging the question of whether such massive spending on Stargate is even necessary.
The Tokyo Stock Exchange
BUSINESS / Companies
Feb 14, 2025

Japan’s biggest IPO since SoftBank seeks to raise $3 billion

The deal would exceed last year’s blockbuster share debut of subway operator Tokyo Metro.
Researchers work around Chang'e-5 lunar return capsule carrying moon samples next to a Chinese national flag, after it landed in northern China's Inner Mongolia Autonomous Region, on Dec. 17, 2020.
WORLD / Politics
Feb 14, 2025

China builds space alliances in Africa as Trump cuts foreign aid

Beijing has access to data and images collected from the space technology, and Chinese personnel maintain a long-term presence in the facilities it builds in Africa.
Showa Kogyo employee Yuki Maeda (right) holds fish-gathering plates she developed, alongside company president Akinori Kazeoka.
BUSINESS / Companies / Regional voices: Chubu
Feb 24, 2025

Fish-gathering plate proves a big hit with anglers

The plate, which reflects light under the sea to attract filefish, was developed by a Showa Kogyo employee who loves fishing.
An uprooted tree as Cyclone Zelia made landfall in a suburb of Port Headland, Western Australia
ASIA PACIFIC
Feb 14, 2025

Powerful tropical cyclone hits Australia's iron ore hub

The weather bureau warned the system could bring record-breaking rainfall to the region.
The U.S. Steel Mon Valley Works Edgar Thomson Plant in Braddock, Pennsylvania.
BUSINESS / Companies
Feb 14, 2025

Nippon Steel wants 100% of U.S. Steel, not a minority stake, report says

Last week, the deal appeared effectively dead after a meeting between Prime Minister Shigeru Ishiba and U.S. President Donald Trump.
Chinese President Xi Jinping
BUSINESS / Economy
Feb 14, 2025

Xi to chair symposium attended by Jack Ma and other Chinese business leaders, sources say

Xi rarely chairs symposiums about the private sector, and the event underscores the numerous challenges currently facing China.
Sydney-based Minotaur Capital outperformed the global stock market in its first six months while slashing research costs by using AI.
BUSINESS / Markets
Feb 14, 2025

Hedge fund startup that replaced analysts with AI beats the market

Minotaur Capital, which has no analysts on staff, returned 13.7% in the six months ending January versus 6.7% for the MSCI All-Country World Index.
Tokyo Koon stands at the forefront of tackling the so-called 2025 issue, also known as the “Magnetic Tape Alert.”
JAPAN / Society / Longform
Feb 17, 2025

The race to save 20th-century history

Analog recordings are at risk of disappearing as old tech breaks down and spare parts run out.
A SpaceX Falcon 9 rocket lifts off carrying 53 Starlink internet satellites, in Cape Canaveral, Florida, on May 18, 2022.
BUSINESS / Tech
Feb 18, 2025

Vietnam paves way for Musk's Starlink amid U.S. tariff threats

A regulatory change can be seen as "an olive branch" to SpaceX amid nervousness in Vietnam about tariff threats from U.S. President Donald Trump.
A banner belonging to the "Alley of Angels" project displays images of children purportedly killed in conflict, at a demonstration of far-right groups in Frankfurt, Germany, on May 25, 2024.
WORLD / Politics
Feb 19, 2025

How a Moscow-linked exhibit tried to erode German support for Ukraine

Publicly, the exhibit’s organizers say they aren’t affiliated with any government and are driven by a desire to end the suffering.
A woman uses her phone next to a logo of the WhatsApp application during Global Fintech Fest in Mumbai, India, on Sept. 20, 2022.
BUSINESS / Tech
Feb 19, 2025

WhatsApp faces tougher EU rules as open channel users top 45 million

The messaging app's open channels are feeds affiliated with news outlets or public figures that under the European Union's Digital Services Act are comparable to social networks.
Murata Manufacturing President Norio Nakajima
BUSINESS / Companies
Feb 19, 2025

IPhone parts maker Murata eyes supply chain shift toward India

The company sees growing demand in India and is running simulations for what it would take to dial up its pace of investment there.
Rail wagons loaded with iron ore move along a rail track at Rio Tinto's rail yard operations in Karratha, Western Australia.
BUSINESS / Companies
Feb 19, 2025

Mitsui to buy stake in Australian iron ore mine for $5.3 billion

The move is a bet that the global steel industry will need high-quality raw materials to support its push to go green.
With mergers and acquisitions reaching a record of more than $230 billion last year in Japan, and activists exerting greater influence on corporate Japan, investors from Sparx Asset Management to UBP Investments and Sigmoid Capital are becoming warier of nonearnings factors that may boost shares.
BUSINESS / Economy
Feb 20, 2025

Activist boom in Japan is upending long-short stock strategies

Japan’s percentage of short-selling to total trades is at the lowest since July last year, in terms of the 60-day moving average.
The Chip Mong Insee cement factory in Kampot province, Cambodia, on Jan. 9. An investigation has shown that the plastic credits sector relies heavily on the polluting cement industry to burn collected waste, despite concerns about health risks and carbon emissions.
ENVIRONMENT / Sustainability
Feb 20, 2025

'What would you have us do?': The plastic credits problem

Credits place no obligations on buyers to stop producing or using unrecyclable plastic that ends up in the environment.
An example of utilizing waterfront spaces, such as developing public waterfront embarkments and privately owned roads into a unified plaza, and operating moored ships as hotels. The land ministry views this as a reference case for a public-private partnerships system. The photo was taken in December, in Tokyo's Shinagawa Ward.
JAPAN / FOCUS
Feb 20, 2025

Private funds tapped for revitalization of Japan's port green areas

Many local governments across the nation are inviting businesses to boost the appeal of port areas by developing commercial facilities and cafes.
The Siberian city of Krasnoyarsk, Russia on July 1, 2016
WORLD
Feb 20, 2025

In Russia, dozens of dissenters are held as psychiatric patients

The practice carries echoes of a method of control used widely in the Soviet Union and known as "punitive psychiatry."
Many Japanese companies like Toto have quietly shifted from consumer-facing products like toilets to specialized, high-value industries such as semiconductor materials, proving that Japan's innovation remains strong despite its lower global visibility.
COMMENTARY / Japan
Feb 21, 2025

Japan’s toilet jokes are on you. Innovation is flourishing.

One of the most surprising stories in corporate Japan in recent months has been the emergence of semiconductor materials as a significant profit driver at Toto.
Nissan in recent weeks has been searching for a strategic partner in the tech industry, with some board members suggesting Tesla and Apple as ideal targets, the Financial Times reported.
BUSINESS / Companies
Feb 21, 2025

Japan seeks Tesla investment in Nissan as Foxconn approaches Honda

Taiwan's Foxconn has reportedly proposed forming a partnership with Honda, aiming for a framework that would also include Nissan and Mitsubishi Motors.
The uncertain reaction to Xi Jinping’s display of warmth toward business made sense: China’s executives are eager for a reset after years in the cold but ever wary of meddling.
BUSINESS / Markets
Feb 24, 2025

Is Xi’s sudden embrace of business for real? China is left guessing

China's private sector has good reasons to worry that Beijing could meddle more in businesses in the name of supporting them.
Goods are transported through a business district in Dongguan, in China’s southern Guangdong province.
BUSINESS / Economy / FOCUS
Feb 24, 2025

Trump tariffs shake up China's factory heartland

The U.S. president has targeted friend and foe alike since taking office a month ago, notably slapping additional 10% duties on products imported from China.
Bain Capital is believed to have offered more than ¥700 billion for the corporate value of York Holdings, which owns supermarket chain Ito-Yokado and other units.
BUSINESS / Companies
Feb 24, 2025

Bain seen as preferred bidder for Seven & I supermarket business

Seven & I is expected to enter into final negotiations with Bain Capital on the investment ratio and other matters, sources said.
Nippon Steel spent much of 2024 trying to gain approval for its planned takeover of U.S. Steel, facing regulatory and political hurdles.
BUSINESS / Companies
Feb 25, 2025

Nippon Steel sticks with U.S. Steel takeover after investment call

The comments from Nippon Steel President Tadashi Imai on Tuesday are the first from an executive of the company since Trump said the steelmaker was considering an investment.
Busan port, southeast of Seoul. Business leaders in South Korea are taking action to offset the threat posed by U.S. President Donald Trump's aggressive trade policies.
BUSINESS / Companies / ANALYSIS
Feb 25, 2025

South Korea political turmoil pushes companies to take tariff matters into their own hands

Trump's sweeping and sometimes indiscriminate trade measures have sparked existential debate in many international capitals.
The logo of Chinese AI startup DeepSeek
BUSINESS / Tech
Feb 26, 2025

DeepSeek reopens AI model access as China rivalry heats up

The startup has been overwhelmed since unveiling an AI chatbot believed to rival OpenAI’s ChatGPT despute deing developed at a fraction of the cost of competing products.
Mitsubishi Heavy Industries' announcement is believed to be part of a push by Japan as it vies with Germany for a lucrative contract to build new Mogami-class frigates for Australia.
JAPAN
Feb 26, 2025

MHI to ramp up Australian business activities with eye on frigate contract

The expansion is seen as a push by Japan to improve its chances of securing a winning bid over Germany to supply the Australian Navy with seven to 11 warships.

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person