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The Osaka tax bureau found ¥1.3 billion in unreported income as Kawasaki Heavy Industries pooled funds through fictitious transactions related to repair contracts for MSDF submarines.
BUSINESS / Companies
Apr 8, 2025

Kawasaki Heavy hit with ¥1 billion in back taxes over MSDF scandal

The defense contractor was found to have wined and dined Maritime Self-Defense Force personnel.
U.S. Secretary of Defense Pete Hegseth (left) talks with Panama Canal Authority Administrator Ricaurte Vasquez during a tour of the Miraflores locks, in Panama City, Panama, on Tuesday.
WORLD / Politics
Apr 9, 2025

U.S. will not let China disrupt Panama Canal: Pentagon chief

U.S. Defense Secretary Pete Hegseth said the U.S. and Panama together would "take back the Panama Canal from China's influence" and keep it open to all nations.
The White House says U.S. President Donald Trump "has a spine of steel and will not break.”
BUSINESS / Economy
Apr 10, 2025

Trump shock pushes U.S. and China toward decoupling cliff edge

Trump's 120% tariffs on Chinese goods and Beijing’s determination to fight back in kind mean a seismic cleavage is rapidly becoming a reality.
Hon Hai Precision Industry, which does business as Foxconn, wants to make electric vehicles for Japanese carmakers.
BUSINESS / Companies / FOCUS
Apr 10, 2025

It makes iPhones. Now Hon Hai wants to make cars for Japanese automakers.

The Taiwanese company's seemingly unlikely proposition — given the structure and history of Japan's auto industry — just might work.
Berkshire Hathaway concluded a ¥90 billion ($628 million) bond deal on Friday, the smallest yen deal by investor Warren Buffett’s firm since it started tapping the Japanese market in 2019.
BUSINESS / Companies
Apr 11, 2025

Berkshire sells $628 million in yen bonds in smallest Japan deal

The move came despite sharp market volatility prompting several Japanese companies to cancel sales.
Shirakawa-go in Gifu Prefecture in 2017. Travel agencies catering to luxury tourists often include areas outside well-known cities such as Tokyo and Kyoto in their itineraries offered.
BUSINESS
Apr 11, 2025

A trip to remember: Japan answers the demand for curated luxury travel

Creating a unique experience that luxury travelers feel they can hold on to well after their trip is part of the challenge.
Protestors demand the conviction and imprisonment of former Philippine president Rodrigo Duterte, in Quezon City, Philippines, last month.
ASIA PACIFIC / Politics
Apr 11, 2025

Fake accounts drove Duterte praise and now target Philippine election

New research says around a third of accounts discussing Duterte's arrest on X, mostly praising the former president, were fake.
Jared Isaacman (left), U.S. President Trump’s nominee to head NASA, testifies during his Senate confirmation hearing on Wednesday.

Bloomberg
COMMENTARY / World
Apr 13, 2025

NASA nominee should resist Musk’s pull toward Mars

During a Senate confirmation hearing on Wednesday, Jared Isaacman, the nominee for NASA administrator, was — in a twist on the Will Smith ’90s tune — gettin’ squishy wit it.
A wave of fear is spreading in immigrant communities as ICE uses secretive, aggressive tactics, bypassing legal protections and spreading panic reminiscent of authoritarian crackdowns.
COMMENTARY / World
Apr 14, 2025

Unmarked vans and secret lists. The police state has arrived.

"It’s the unmarked cars,” a friend who grew up under an Argentine dictatorship said. He had watched the video of Columbia graduate student Mahmoud Khalil’s abduction. In the video, which Khalil’s wife recorded, she asks for the names of the men in plainclothes who handcuffed her husband.
An actor portrays a "pocong," a ghost widely known in Indonesia, at a horror entertainment venue at a mall in Jakarta. The pocong is just one of the monsters that features in massively popular Indonesian horror movies.
CULTURE / Film
Apr 15, 2025

Indonesia's horror movie industry rises from the grave

Five of the top 10 films from 2024 were categorized as horror movies, a statistic that underscores just how popular the genre is.
The five-story pagoda at Toji temple is illuminated at night in the springtime.
LIFE / Style & Design
Apr 17, 2025

Dior shows fall fashion collection in gardens of ancient Kyoto temple

Loose trousers, wide-sleeved jackets and airy dresses with glittering flower patterns featured among the clothing that was exhibited.
A green wireframe model covers an actor's lower face during the creation of a deepfake video in in London in 2019.
BUSINESS / Tech
Apr 17, 2025

They sold their likeness to AI companies — and regretted it

Scores have ended up with the unpleasant surprise of seeing themselves feature in deepfakes, dubious adverts or even political propaganda.
MS&AD forecasts that net profit for its North American operations will reach ¥166 billion in the fiscal year ended in March, a 3.5fold increase from the previous fiscal year.
BUSINESS
Apr 22, 2025

Insurer MS&AD plans to invest $5 billion to double U.S. profits

The Tokyo-based casualty insurer has the highest market share in Asia among global firms, but it’s No. 3 among Japanese peers in North America.
Orbis Investment Management bought shares of Mitsubishi Estate over the past months on the view that inflation will lift revenue as the domestic real estate sector remains attractive.
BUSINESS / Companies
Apr 22, 2025

Top Japan fund adds Mitsubishi Estate shares on cheap valuations

The return of inflation in Japan has lured overseas investors to the nation’s real estate market and property developer shares.
MUFG Bank, a unit of the nation’s biggest banking group, is among firms that recently scrapped a clerical job category that consisted almost exclusively of women, a sign that the financial sector is finally getting more serious about reducing gender inequalities.
BUSINESS / Companies
Apr 23, 2025

Top Japanese firms scrap employment system that held women back

Abandoning the clerical job category may increase opportunities for women to advance to more senior positions.
Regional lenders Daishi Hokuetsu Financial Group and Gunma Bank have entered into an agreement to consolidate their businesses in 2027.
BUSINESS / Companies
Apr 24, 2025

Regional lenders Daishi Hokuetsu and Gunma Bank agree to consolidate

The banks have entered a memorandum of understanding to integrate their businesses under a holding company structure on or around April 1, 2027.
KDDI President and CEO Hiromichi Matsuda is interviewed in Tokyo last week.
BUSINESS / Companies
Apr 24, 2025

KDDI aims to use direct satellite link for drones

A direct link with satellites will make it easier to operate drones in mountainous areas and other regions where radio waves are hard to reach
While Nissan slightly raised its sales forecast late Thursday, its statement warned that its net loss could be ¥700 billion to ¥750 billion.
BUSINESS / Companies
Apr 25, 2025

Nissan sees $5.3 billion red hole as restructuring losses mount

While Nissan slightly raised its sales forecast late Thursday, its statement warned that its net loss could be ¥700 billion to ¥750 billion.
Nomura is looking to deepen its foothold in its traditional Wall Street businesses by weighing a return to offering cash prime-brokerage services in the United States and Europe.
BUSINESS / Companies
Apr 25, 2025

Nomura weighs return to prime brokerage four years after Archegos

Prime brokerage, which involves banks lending cash and securities to hedge funds, has become an increasing money maker for Wall Street in recent years due to high equities prices.
The activity represents the continuing evolution in the sprawling North Korean efforts to target the cryptocurrency sectors in a bid to raise cash for the North Korean government.
ASIA PACIFIC / Crime & Legal
Apr 25, 2025

North Korean cyber spies created U.S. firms to dupe crypto developers

The activity shows the continuing evolution in North Korea's efforts to target the cryptocurrency sectors to raise cash for the North Korean government.
A thick plume of smoke is visible as motorists drive along a highway near the source of an explosion in the southern Iranian city of Bandar Abbas on Saturday.
WORLD
Apr 26, 2025

Hundreds injured after explosion at port in Iran's Bandar Abbas

Efforts were ongoing to extinguish a significant fire, with the port's customs saying that trucks were being evacuated from the area.
Digital screens at Piccadilly Circus display an advertisement for the Jaguar Type 00 concept car in London on Dec. 5, 2024.
BUSINESS / Economy
Apr 28, 2025

Advertising giants brace for tariff-induced cuts to ad spending

The car industry, one of the sectors most vulnerable to a trade war, is likely to lead the way in curtailing ad spend.
Ground personnel unload weapons and other military hardware delivered by the U.S. military near Kyiv in 2022.
WORLD / Politics
Apr 28, 2025

U.S. aid pullback is making Ukraine more vulnerable to Russian hacks

USAID has been gutted in the first months of Trump’s presidency by Elon Musk’s "department of government efficiency," and Trump has become increasingly impatient with Zelenskyy.
"Quiet quitting" is most common among the younger generation, with 46.7% of respondents to a survey in their 20s identifying with the practice, reflecting a less-motivated workforce more focused on work-life balance.
JAPAN / Society
Apr 28, 2025

Nearly half of workers in Japan engage in ‘quiet quitting’

Some 45% of full-time employees are doing just the bare minimum at work, according to a survey by job-matching company Mynavi.
Jera, the world's biggest liquefied natural gas buyer, sees U.S. President Donald Trump's pet project in Alaska one of the promising procurement sources.
BUSINESS / Companies
Apr 28, 2025

Japan’s top gas buyer mulls procuring LNG from Alaska export project

"We see Alaska as one of the promising procurement sources,” Naohiro Maekawa, an executive officer at Jera, said at a news conference on Monday.
Amazon packages at a distribution center in Washington
BUSINESS / Companies
Apr 30, 2025

Amazon denies tariff label pivot after Trump called to complain

The administration’s broadsides against Amazon on Tuesday highlighted the potential political risk for companies if they decide to break out the cost of tariffs for customers.
Toyota and Alphabet’s Waymo, along with Toyota’s automotive-technology division Woven, will seek to develop a new autonomous-driving platform, according to a joint statement Wednesday.
BUSINESS / Companies
Apr 30, 2025

Toyota to partner with Alphabet’s Waymo on autonomous technology

Toyota and other major Japanese firms have poured money into artificial intelligence and autonomous driving for years, but have struggled to keep pace.
Tapple, one of Japan's most popular dating apps, has launched the nation's first feature to verify a user's single status via their My Number card.
JAPAN
Apr 30, 2025

Single, or not? Japanese dating app launches relationship verification system

With Tapple boasting over 20 million users, worries about dishonest relationship statuses were common.
Participants in Chinese hacking competitions are required to report their findings to the government first, according to a 2018 regulation.
ASIA PACIFIC / Politics
May 1, 2025

Chinese hacking competitions fuel the country’s broad cyber ambitions

Chinese hacking contests now serve national security, with vulnerabilities passed to the state, not fixed by tech makers.
Stephen Dacus, incoming chief executive officer of Seven & I Holdings, speaks to reporters in Tokyo on April 24.
BUSINESS / Companies
May 1, 2025

Seven & I and Couche-Tard sign nondisclosure agreement

The move might signal that discussion on Couche-Tard's takeover proposal is moving forward.

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Members of the nonprofit group Japan Youth Memorial Association search for the remains of dead soldiers in a cave in Okinawa Prefecture in February.
The long search for Japan’s lost soldiers