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August 05, 2025
 

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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.
People try out the new iPhone 15 Pro in Shanghai in September 2023.
BUSINESS / Companies
May 2, 2024

Apple tapping AI to boost iPhone demand ahead of expected sales decline

Wall Street expects a slight decline in iPhone sales, and analysts estimate quarterly revenue to fall by the most since the winter of 2022.
With Apple’s business making up more than half of the company's revenue, investors are watching Hon Hai for clues on iPhone sales.
BUSINESS / Tech
May 6, 2024

iPhone maker Hon Hai hits a record high buoyed by AI and Apple

Hon Hai makes most of the world’s iPhones, but is now diversifying to focus on building datacenter server racks and other equipment for AI clusters.
Panasonic Energy's operating profit for the past business year fell short of its forecast due to lower electric vehicle battery production in Japan.
BUSINESS / Companies
May 9, 2024

Panasonic's battery unit misses annual profit estimate

Panasonic Energy faces fierce competition from other Asian battery makers such as China's CATL and South Korea's LG Energy Solution.
China’s fading appeal to foreign firms comes despite Chinese President Xi Jinping’s pledge in November to take more "heart-warming” measures to ease access to the world’s second-largest economy.
BUSINESS / Companies
May 10, 2024

EU firms’ appetite for China investment sinks to record low

Only 13% of firms surveyed earlier this year saw the country as a top destination for investments, a survey found.
Sharp's plant in Sakai, Osaka Prefecture, is the only remaining production site for LCD TV panels in Japan.
BUSINESS / Companies
May 15, 2024

Sharp to halt LCD plant in Osaka Prefecture by September

The major electronics maker, which continues to bleed red ink, is hoping to prevent a further deterioration of its earnings.
Prime Minister Fumio Kishida says his administration is committed to capital market reforms to attract more foreign investments.
BUSINESS / Economy
May 23, 2024

Kishida makes public push on capital market reforms

Kishida's appearance at a conference held by Wall Street bank Morgan Stanley was another example of Japan's effort to shed the image of being unwelcoming to foreign investors.
Bidet toilets are the norm in Japan, where more than 80% of homes have one. But their numbers are growing worldwide.
BUSINESS / Companies
Jun 2, 2024

Feeling flush: Japan's high-tech toilets go global

Sales are surging abroad and especially in the United States, led by A-list bidet fans such as Drake, the Kardashians and Alexandria Ocasio-Cortez.
Alphabet CFO Ruth Porat
BUSINESS / Companies
Jun 6, 2024

Alphabet taps Eli Lilly executive as new CFO replacing Porat

Anat Ashkenazi will replace Ruth Porat who announced last year she planned to step down.
Ryu Kawane works at the Costco store in Meiwa, Gunma Prefecture. Costco's high pay has triggered wage hikes at other businesses in town.
BUSINESS / Companies
Jun 6, 2024

Costco's Japan wages provide pathway to firing up nation's low pay and economy

A sustainable rise in wages is a key goal for Prime Minister Fumio Kishida and the Bank of Japan says it's a crucial factor for normalizing monetary policy.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024

MUFG units could be penalized for sharing client information

MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Sharp's LCD production site in Sakai, Osaka Prefecture, in 2009
BUSINESS / Companies
Jun 9, 2024

Sharp's LCD plant in Osaka set to be transformed into massive AI data center

The new large-scale facility will support SoftBank’s generative AI and other AI-related businesses.
Kirin's acquisition of Fancl will enable more "flexible and drastic measures” to integrate the two companies and maximize their corporate values, Kirin said in a statement.
BUSINESS / Companies
Jun 14, 2024

Kirin to buy Fancl for ¥220 billion in shift away from beer

The move comes as Japan’s alcohol companies try to rely less on their original products for revenue.
Citigroup has created a team in Tokyo catering to cross-border business needs of midsize firms in Japan.
BUSINESS / Companies
Jun 17, 2024

Citigroup starts team in Japan targeting growth at midsize firms

The team in Tokyo will offer tailored products in areas ranging from global cash management to financing.
Since Koji Sato, 54, became Toyota CEO in April last year, the automaker has announced its biggest share buyback on record.
BUSINESS / Companies
Jun 19, 2024

Influx of new CEOs in Japan brings shift in generational mindset

Many of the new crop of leaders were in junior roles as the nation’s economic miracle unraveled, and they’re now seeking out new ways of doing things.
Seiji Izumisawa, president of Mitsubishi Heavy Industries, says the firm is almost finished designing its next-generation nuclear reactor.
BUSINESS / Companies
Jun 24, 2024

Mitsubishi Heavy moving closer to building new reactor in Japan

The firm can start building the facility once a site for it is established and some late-stage tests are completed.
Inside the TikTok office in Singapore in 2023
BUSINESS / Tech
Jul 1, 2024

China’s AI startups head to Singapore in a bid for global growth

Singapore offers many Chinese artificial intelligence startup companies better access to global investors and customers than China does.
The China World Office 2 building, which houses the headquarters of China International Capital Corp. (CICC), in Beijing May 6. One official gauge of foreign direct investment clocked its lowest monthly reading since mid-2018 in May, as investors show caution amid Chinese President Xi Jinping’s conflicting campaigns to bolster national security against foreign threats and further open up the economy.
BUSINESS / Economy
Jul 4, 2024

Xi’s China proves a hard sell at officials’ overseas roadshows

Their pitch to foreign investors is being met with doubt, partly due to the policies of their big boss.
A Maruti Suzuki India showroom in Chennai, India
BUSINESS / Companies
Jul 5, 2024

Suzuki starts $40 million India fund to help rural startups

Suzuki is at risk of losing customers in India due to its paltry lineup of hybrid cars and lack of any electrified options.
Bain Capital partner Masashi Suekane during an interview last month
BUSINESS / Markets
Jul 5, 2024

Bain Capital to invest ¥5 trillion in Japan over five years

Bain Capital plans to increase its workforce in Japan and has established a team to help firms make effective use of their real estate with low profitability.
London's financial district in August 2023
BUSINESS
Jul 5, 2024

Labour win brings few hopes — or fears — to London's financial district

The Labour Party has assiduously courted the City of London, mindful that their plans for boosting economic growth will need a big dose of private capital.
Traditional boat parties on the Sumida River in Tokyo are popular for informal gatherings among professionals that deal in Japanese government bonds.
BUSINESS / Markets
Jul 9, 2024

Tokyo’s exclusive circle of government bond traders in demand amid policy shift

The world’s top hedge funds are shaking up the closed community that was, for a time, a sleepy backwater of global finance.
Europe's Ariane 6 rocket takes off in Kourou, French Guiana, on Tuesday.
BUSINESS / Tech
Jul 10, 2024

Europe’s Ariane 6 rocket goes retro in challenge to SpaceX

Reusable rockets and frequent launches "were once aspirational but are now minimal requirements" to compete commercially, said the Rocket Lab CEO and founder.
Several people from Nomura Holdings in charge of Asia excluding Japan are leaving the company, according to an internal memo.
BUSINESS / Companies
Jul 17, 2024

Nomura reshuffles Asia investment banking team and cuts jobs in slump

A management change coincides with a new round of job cuts involving about 10 bankers this week, sources have said.
PwC is considering slashing up to half its financial services auditing staff in China and about 20% of its staff in other auditing teams and nonauditing business lines.
BUSINESS / Companies
Jul 17, 2024

PwC weighs halving of China financial services audit staff, say sources

The firm has 781 partners and nearly 19,000 employees in mainland China as of last September.
Inside TSMC’s plant in Taiwan. Chip plants, with rows of advanced equipment, require massive amounts of electricity.
BUSINESS / Companies / Regional Voices: Kyushu
Aug 5, 2024

TSMC’s Kumamoto plant pledges to use 100% renewables despite high costs

The move is not just an exercise of corporate responsibility but also a response to demands from the chipmaker's large customers.
Itochu is buying back ¥150 billion worth of its own shares.
BUSINESS / Companies
Aug 6, 2024

Itochu to buy back shares and take full control of apparel and chemicals units

The deals are part of a trend of dissolving dual listings of parent and subsidiary companies to enhance corporate governance and improve operational efficiency.
As investors look for opportunities in the new environment created by the Bank of Japan and the resulting market turmoil, there is broad consensus that they will have to reevaluate what they thought they knew about the country.
BUSINESS / Markets
Aug 7, 2024

Japan morphs into the center of worry for global investors

In less than a week, Japan has completely upended the world’s expectations for its markets and economy.
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.
How Pakistan shot down India's cutting-edge fighter using Chinese gear
An Indian Air Force pilot gets out of a Rafale fighter jet during its induction ceremony at an air force station in Ambala, India, September 2020.
China and Russia start joint military drills in Sea of Japan
Russian and Chinese naval officers take part in a ceremony Thursday ahead of the start of joint naval drills in the Sea of Japan, following the arrival of Chinese military vessels in Vladivostok, Russia.
Kamchatka quake may have awakened volcano dormant for 600 years, Russia says
Kamchatka. Krasheninnikov Bay
Italy's fast fashion hub becomes Chinese mafia battlefield
Signs for fast-fashion factories in Prato, Italy, on Friday. Chinese crime groups in the district thrive on the "Prato system" rife with corruption in the fast-fashion sector.
Extreme heat in Japan set to peak this week
People shield their eyes from the sun as they walk through a street on a hot day in Tokyo on July 26.
Fuji Rock's weekend of surprises was one of its best yet
Radwimps lead singer Yojiro Noda threw himself into the rock band’s Green Stage performance ahead of headliner Vampire Weekend.
How Trump is gaslighting on climate change — with Japan’s help
The Bishu Maru LNG tanker, owned by Kawasaki Kisen Kaisha, next to the Freeport LNG terminal in Texas
With a new distillery, Suntory makes a spirited move on gin market
A staff inspects a distillation pot still at Suntory's new Osaka Spirits & Liqueurs Craft Distillery, which will focus on gin production and help Suntory capture a bigger slice of the fast-growing gin market.
Junglia brought dinos back to Okinawa. But will it bring tourists?
At Panorama Dining, one of Junglia’s two proper restaurants that also doubles as the rooftop Inifinity Terrace overlook, guests can pay extra to sit in balcony tables made to look like birds’ nests overlooking the park grounds.
From Osaka to the NHL: Jordan Spence hopes to inspire young Japanese hockey players
Ottawa Senators defenseman Jordan Spence helps lead the Dreamskate Japan hockey camp in Tomakomai, Hokkaido, on July 5.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear
By Jason Coskrey

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