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An analysis of the Bank of Japan's accounts suggests an intervention of about ¥5.5 trillion took place on Monday to prop up the yen.
BUSINESS / Markets
May 1, 2024

BOJ accounts suggest Japan intervened to support yen

The Bank of Japan said its current account will probably fall ¥7.56 trillion — much bigger than the drop of about ¥2.1 trillion estimated.
Advanced Micro Devices' processors and memory chips
BUSINESS / Tech
May 2, 2024

AI hardware stocks get pummeled even as big tech keeps spending

Hardware makers have seen their shares rally this year amid an arms race for artificial intelligence computing power that’s lifting sales and profits.
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.
Nomura Holdings is targeting 20% revenue gains for its global markets unit over the next few years.
BUSINESS / Companies
May 7, 2024

Nomura targets 20% revenue growth from global markets business

The target builds on last year's 8% growth and follows a two-year revamp of trading teams for its rates and fixed-income business in Asia and EMEA.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
May 20, 2024

Japan’s 10-year bond yield hits decade high amid BOJ policy bets

The yield on 10-year government debt rose to a level last seen when the then newly appointed Bank of Japan Gov. Haruhiko Kuroda was starting his radical monetary easing.
At the factory of 4R Energy Corp. in Namie, Fukushima Prefecture, a lithium-ion electric vehicle battery is disassembled to be reused. Batteries and EVs are among the strategic industries governments around the world aim to support through their industrial policies.
COMMENTARY / Japan / Geoeconomic Briefing
May 20, 2024

Grasping industrial policy in the age of economic security

A new era of industrial policies is structured around three P's: promoting strategic industries, protecting emerging technologies and partnering with like-minded countries.
The main targets of a new bill on smartphone software are the app stores provided by Google and Apple, as consumers effectively have only two choices for smartphone operating systems: Apple's iOS or Google’s Android.
BUSINESS / Tech
May 22, 2024

Japan aims to curb Apple and Google's smartphone app duopoly

A new bill would compel dominant platforms to allow third parties to launch their own app markets and to offer more payment options.
Japan's core inflation slowed for a second straight month in April due to milder food inflation.
BUSINESS / Economy
May 24, 2024

Japan’s inflation cools as BOJ waits for wage gains to kick in

Consumer prices excluding those for fresh food rose 2.2% year on year in April, matching analysts’ estimates and marking a 25th month of staying above the BOJ's 2% target.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS / Companies
May 24, 2024

Nomura pay for top executives rises 150% as profit rebounds

Total compensation paid to the firm’s eight executive officers in the year ended March 31 rose to ¥4.46 billion.
Takashi Miike (front left) is among the big-name directors slated to work with K2 Pictures, a new film production startup that aims to disrupt the Japanese film industry.
CULTURE / Film / Wide Angle
May 25, 2024

Can K2's goal of creating a better film industry in Japan win over skeptics?

While established auteurs such as Takashi Miike, Miwa Nishikawa and Hirokazu Kore-eda are slated to work with the startup, it still faces an uphill struggle.
Trade no longer generates a surplus in Japan, reflecting a surge in the cost of energy imports and an increase in offshore production.
BUSINESS / Economy
May 30, 2024

Yen's relentless slide revives Japan's interest in structural reforms

The currency's persistent weakness has alerted policymakers to more fundamental drivers behind it, such as the nation's dwindling global competitiveness.
Debt rating firms have raised SoftBank Group’s grade as the Tokyo-based company’s earnings from investments begin to stabilize.
BUSINESS / Companies
Jun 13, 2024

SoftBank’s bond underwriting fee drops for first time in decade

The firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion of seven-year notes for individual investors, according to a company filing.
Core inflation in Tokyo accelerated in June on rising fuel bills and the boost to import costs from a weak yen, keeping alive expectations for a near-term interest rate hike by the central bank.
BUSINESS / Economy
Jun 28, 2024

Tokyo inflation quickens, keeping BOJ on track for rate hike

Consumer prices excluding fresh food rose 2.1% in the capital, accelerating from 1.9% in May.
The WisdomTree Japan Hedged Equity Fund saw an outflow of more than $400 million last week, the most since 2018.
BUSINESS / Markets
Aug 13, 2024

Yen-hedged ETF suffers exodus of cash from carry-trade fiasco

The fund’s cash withdrawal last week now puts it on pace for its worst month of outflows since December 2018, though it still has a positive haul overall for the year.
U.S. Vice President Kamala Harris hosts a roundtable discussion with Japanese business executives from companies in the semiconductor industry in Tokyo on Sept. 28, 2022. In a recent survey, some 43% of Japanese firms polled said they preferred a Harris presidency.
BUSINESS / Companies
Aug 15, 2024

Japan firms see Harris presidency as better for business than Trump

The results of a Reuters survey reflect respondents' concerns about protectionism and policy unpredictability.
A tug boat assists a container ship to its berth in Long Beach, California, on June 17.
BUSINESS / Economy
Aug 19, 2024

Busiest U.S. ports absorb import surge nearing pandemic-era frenzy

The ports of Los Angeles and Long Beach, which account for roughly a third of all U.S. container imports, had their third-strongest month ever in July.
A Canadian retailer's bid to buy the operator of 7-Eleven convenience stores follows the introduction last year of government guidelines on mergers and acquisitions instructing companies to seriously consider takeover offers.
BUSINESS / Companies / ANALYSIS
Aug 27, 2024

Seven & I takeover proposal tests Japan’s evolving investor-friendly stance

The proposed purchase of the convenience store operator follows government guidelines instructing companies to seriously consider takeover offers.
Despite current limitations, the progression toward practical humanoid robots is anticipated, driven by advancements in technology and artificial intelligence.
COMMENTARY / Japan
Sep 1, 2024

The future of robots is coming on two legs

Unlike traditional robots, which have already transformed industries with their transport capabilities, bipedal robots are still in the early stages of deployment.
Looming interest-rate cuts by the Federal Reserve and a new hawkishness on the part of the Bank of Japan can make a claim for the yens recent movements.
COMMENTARY / Japan
Sep 13, 2024

Epic yen rally is a lesson in the lost art of FX intervention

Japan's own proactive currency interventions have played a crucial role in the yen's recent recovery.
Bank of Japan Gov. Kazuo Ueda speaks during the annual meetings of the IMF and World Bank in Washington on Wednesday.
BUSINESS
Oct 24, 2024

Ueda says right-sizing BOJ normalization ‘keeps me awake 24/7’

Ueda and his fellow board members are widely expected to keep their benchmark rate unchanged at the next policy meeting, ending Oct. 31.
Images of semiconductor wafers at the Taiwan Semiconductor Manufacturing Co. (TSMC) Museum of Innovation in Hsinchu, Taiwan, on April 18, 2023. Taiwan's stock market emerged as the hottest major bourse in Asia over the past year, led by TSMC and Hon Hai Precision Industry.
BUSINESS / Tech
Oct 31, 2024

AI’s $1.3 trillion future increasingly hinges on Taiwan

Thousands of businesses, executives and entrepreneurs rely on the island's unparalleled combination of talent, cost and speed.
A concept model of the Global Combat Air Program's fighter jet is displayed at the DSEI Japan defense show at Makuhari Messe in Chiba in March last year. Europe’s defense industry sees “very significant potential” to further deepen cooperation with Japanese firms in areas ranging from space tech to advanced electronics and unmanned weapons systems, a key lobbying group has said.
JAPAN
Nov 27, 2024

European defense industry sees ‘significant potential’ to work with Japan

The remarks by industry officials come after Tokyo and Brussels launched a new security and defense partnership earlier this month.
The departure of Intel CEO Pat Gelsinger opens the possibility of fresh deal talks.
BUSINESS / Companies
Dec 4, 2024

Intel’s CEO departure opens door to new deal discussions

The CEO's departure is also an opportunity for suitors to take another look at acquiring some or all of Intel.
U.S. President-elect Donald Trump arrives to speak during Turning Point's annual AmericaFest 2024 in Phoenix on Sunday.
WORLD / Politics / FOCUS
Dec 23, 2024

Trump upending global politics a month before taking office

While it’s not unusual for political leaders at home and abroad to jockey for the ear of an incoming president, the scale of Trump’s pre-inauguration influence is vast.
The Bank of Japan headquarters in Tokyo. Strategists are now feeling less optimistic on the yen’s outlook after Bank of Japan Gov. Kazuo Ueda opened up the possibility of waiting longer for the next rate hike.
BUSINESS / Markets
Dec 23, 2024

Yen bulls retreat as Fed and BOJ dim hopes of quick narrowing of rate gap

Wide gaps in interest rates could bring back the yen carry trade, in which investors borrow in Japan and deploy the funds in higher-yielding markets.
The 40-year JGB yield rose as much as 3 basis points to 2.755%, the highest since 2007 when the bonds were sold for the first time.
BUSINESS / Economy
Jan 14, 2025

Japan’s 40-year yield rises to highest since debut in 2007

Japan’s 20-year yield also rose to its highest since May 2011 this morning after the nation’s markets reopened following a public holiday on Monday.
Bank of Japan Gov. Kazuo Ueda is still signaling caution ahead of the central bank's January meeting.
BUSINESS / Economy
Jan 21, 2025

BOJ likely to raise rates this week in absence of immediate Trump tariffs

The possibility is "quite high" if markets remain calm following Trump's inauguration on Monday as the 47th president of the United States.
U.S. President Donald Trump signs an executive order during a ceremony in the Oval Office of the White House in Washington on Monday.
BUSINESS / Economy
Feb 4, 2025

Trump's tariff reversal shows how he's wielding bombast on trade

The U.S. leader has pledged to remake the global economy with tariffs. So far, it’s been more Art of the Deal than a revolution.
DeepSeek’s AI breakthrough has shaken assumptions about China’s innovation, highlighted weaknesses in U.S. tech restrictions, and reinforced China’s push for self-sufficiency despite export controls.
COMMENTARY / World
Feb 4, 2025

DeepSeek forces a rethink of China’s ability to innovate

The Trump administration hasn’t outlined a policy toward technology flows yet, but it ordered a review of export controls on day one.
Based on his own assessment, Hideo Hayakawa, a former Bank of Japan executive director, says he sees the BOJ’s terminal rate in this cycle somewhere around 1.5%.
BUSINESS / Economy
Feb 5, 2025

BOJ’s rate likely to go higher than consensus, ex-official says

"My base view is that there is a lot more coming,” the former director said. "There is little logical reason to believe that rate hikes will stop early.”

Longform

Once smoky, male-dominated spaces, today's net cafes, like Kaikatsu Club, are working to make their operations more attractive to women customers.
The second life of Japan's net cafes