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A Solterra Subaru RZ450e electric vehicle is displayed during a Japan Automobile Manufacturers Association event on the sidelines of the Group of Seven leaders summit in Hiroshima in May.
BUSINESS / Companies
Sep 15, 2023

Subaru president close to deciding where to build EV plant in U.S.

While the current base of Indiana is a top candidate, the company is weighing locations based on the procurement of batteries and incentives from states.
Selcuk Bayraktar, chairman of Turkish defense firm Baykar and son-in-law of Turkish President Recep Tayyip Erdogan, attends the presidential swearing-in ceremony after Erdogan's election win in Ankara on June 3.
WORLD / Politics
Sep 28, 2023

Erdogan’s son-in-law makes Turkey a world leader in lethal drones

Baykar's new generation of unmanned combat aircraft will fly faster and farther, while carrying more weapons than its existing models.
Nomura Holdings has hired five traders to beef up its emerging markets trading desk.
BUSINESS / Companies
Oct 10, 2023

Nomura hires traders from rivals for Middle East credit push

The appointments are part of Nomura’s efforts to revive its emerging-market flow-credit desk.
Nissan Motor Sakura electric vehicles (left and center), and a Mitsubishi Motors eK X electric vehicle on display during their release ceremony at the Mitsubishi Motors Mizushima plant in Kurashiki, Okayama Prefecture, in May 2022.
BUSINESS / Companies
Oct 24, 2023

Japan's bestselling EV isn’t a Tesla but a $13,000 minicar

A jointly developed minicar sold as the Nissan Motors Sakura and Mitsubishi Motors eK X accounts for roughly half of all EV sales in Japan.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023

Exclusivity the name of the game as firms target China's wealthiest

Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
GMC Hummer electric vehicles on the production line at General Motors' Factory ZERO all-electric vehicle assembly plant in Detroit, Michigan, on Nov. 17.
BUSINESS / Companies
Nov 30, 2023

GM commits billions to shareholder returns as EV push stalls

"We have confidence in the cash generation of this company”
Pages from a new Otaku Dictionary catalog the lexicons of Japan’s various subcultures.
PODCAST / deep dive
Nov 30, 2023

A problematic otaku dictionary and the Japanese approach to sitting

An “Otaku Dictionary” has Japan’s subcultures upset at an attempt to define them.
Since starting out as a venue for short, silly lip-syncing videos, TikTok has emerged as an incubator for consumer trends, with millions of people trying on clothes and reviewing products.
BUSINESS / Companies
Dec 13, 2023

TikTok Shop sees early success, taking aim at giant Amazon

In a sign of how seriously Amazon is taking TikTok, the company cut deals with Pinterest, Meta and Snapchat to let users shop without leaving those apps.
In Toshiba, JIP takes on a sprawling company far bigger and more complex than any it acquired before.
BUSINESS / Companies / FOCUS
Dec 19, 2023

In buying Toshiba, JIP takes on corporate Japan's toughest job

While the fund has quietly built up a track record by carving out businesses from big manufacturers, Toshiba is more complex than any it acquired before.
BUSINESS
Dec 20, 2023

Japan’s post-pandemic tourists shift spending to crafts and jewelry

Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
Former education minister Kisaburo Tokai, who has been tapped as Liberal Democratic Party policy chief, speaks to reporters Thursday at the Prime Minister's Office.
JAPAN / Politics
Dec 21, 2023

Kishida makes more LDP leadership changes in bid to restore trust

The changes come a week after he dismissed four key members of his Cabinet who were also Abe faction members suspected of receiving unreported funds.
Reporters gather in front of the Upper House parliamentary building on Thursday in Tokyo. Prosecutors raided LDP lawmaker Yasutada Ono's office, which is located in the building, the same day.
JAPAN / Crime & Legal
Dec 28, 2023

Second LDP member’s office raided over political funds scandal

Upper House member Yasutada Ono became the second lawmaker to have his offices searched by prosecutors in connection with the scandal.
Apple is entering its first major new product category since the company began selling smartwatches in 2015, and the Vision Pro may take years to catch on.
BUSINESS / Tech
Jan 22, 2024

Apple Vision Pro deliveries delayed to March in sign of early demand

The device is also sold out for Day 1 in-store pickup at many locations despite preorders having just begun on Friday ahead of its Feb. 2 rollout.
Canned ready-to-drink cocktails, including Asahi Breweries' 9% Clear Cooler Strong chūhai produced in conjunction with Seven & I Holdings, at a 7-Eleven store in Tokyo's Chiyoda Ward on Tuesday
BUSINESS
Feb 13, 2024

Asahi calls time on new strong chūhai amid low-alcohol shift in Japan

New versions of the canned fizzy cocktails with alcohol content of 8% or higher will not be launched in order to “reduce inappropriate drinking.”
Shintaro Tajima (left) and his son, Daisuke, pose in their forest in Hita, Oita Prefecture, in January. At their feet is wasabi growing in clusters.
BUSINESS / Companies / Regional Voices: Kyushu
Mar 18, 2024

Oita forestry firm signs carbon trade deal with Line operator

LY, which operates Line and Yahoo services, will purchase 1,500 tons of carbon credit per year from Tajima Forest for 10 years.
Wakana Nukui has been described as having a knack for storytelling and vividly sharing her vision with those around her.
BUSINESS / WOMEN AT WORK
Mar 24, 2024

A social entrepreneur who is determined to lift Cambodian women's status

Wakana Nukui has fostered new talent in design while opening shops dedicated to local products.
A woman checks a lottery ticket at a lottery ticket store in Shanghai
ASIA PACIFIC / Society
Mar 21, 2024

Chinese youth ease economical angst by playing the lottery

"It’s so difficult to make money now, no matter what you do”
Ichibata Department Store, located in Matsue, capital of Shimane Prefecture, was the last remaining department store in the prefecture but ended its 65-year history on Jan. 14.
BUSINESS / Economy
Mar 21, 2024

More prefectures losing department stores even amid pandemic recovery

In 17 prefectures there is currently only one department store and there are none in three, set to rise to four in July.
Visitors view a BYD Dolphin EV car at the 44th Bangkok International Motor Show in Bangkok in 2023.
BUSINESS / Companies
Mar 25, 2024

Chinese EV makers to take center stage at Bangkok motor show

The popularity of Chinese EVs in Thailand underscores the growing challenge Japanese auto giants face in a vehicle market they have long dominated.
California’s share of U.S. wine production, around 90% in the 1990s and 2000s, dropped below 80% for the first time on record in 2022.
COMMENTARY / World
Mar 27, 2024

Who will save the U.S. wine industry? Not California boomers.

California’s share of U.S. wine production, around 90% in the 1990s and 2000s, dropped below 80% for the first time on record in 2022.
Cans of Asahi Super Dry beer move on the production line inside an Asahi Breweries plant in Moriya, Ibaraki Prefecture, in April 2023.
BUSINESS / Companies
Apr 1, 2024

With U.S. push, Asahi aims to sate evolving tastes

The drink-maker is placing its “premium” offerings and low-alcohol and nonalcoholic beverages front and center in a bid to differentiate itself.
The assembly line at the Volkswagen factory in Zwickau, Germany, on March 14. The factory stopped producing gasoline-powered Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities.
BUSINESS / Tech
Apr 11, 2024

What happened when a German car factory went all electric?

The city of Zwickau, where more than 10,000 people work for Volkswagen and tens of thousands more for suppliers, seems to have avoided dire consequences.
One of the main hurdles to more widespread adoption of electric vehicles in Europe cited by industry experts is the difficulty in rolling out necessary infrastructure quickly and broadly.
BUSINESS / Companies
Apr 12, 2024

Bumpy ride for electric cars in Europe

Sales of plug-in "zero emission" vehicles have stalled in the region in recent months.
Nissan's net profit nearly doubled in the business year that ended in March, as demand rose at home as well as in North America, Europe and China.
BUSINESS / Companies
May 9, 2024

Nissan's annual net profit nearly doubles on-year

Net profit totaled ¥426.6 billion ($2.7 billion), up 92.3% on-year.
SoftBank Group CEO Masayoshi Son in 2019. Son is said to be selling off assets from the Vision Fund’s portfolio as he prepares for possible forays into AI and related hardware.
BUSINESS / Companies
May 10, 2024

SoftBank's Vision Fund lightens asset load as Son pivots to AI and chips

Son has moved on to new obsessions, inspired in part by the success of Arm — which has soared in value to around $106 billion since its market debut.
A tofu business summit is held in Nagoya in October.
JAPAN / Society
May 15, 2024

Tofu shops in Japan at crossroads amid rising costs

The number of tofu producers has been declining at an annual rate of 400 to 500 in recent years
Strong sales of Prius hybrids are delivering a cash boost for Toyota to invest in fully-electric cars.
BUSINESS / Companies
May 16, 2024

Hybrids delivering cash chest for Toyota and Honda’s EV ambitions

With the shift to battery-electric vehicles clearly taking much longer than anticipated, consumers are voting for hybrids with their wallets.
In addition to the supply shortages, the yen's depreciation is also blamed for the recent surge in orange juice prices in Japan, which relies almost entirely on imported orange juice.
BUSINESS / Companies
Jun 2, 2024

Orange juice crisis hits consumers in Japan

Supply shortages have forced many Japanese makers to suspend sales of orange juice products.
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.
Kenji Iikura (right), head chef at Akasaka Tantei, and manager Hibiki Kitazawa pose with Okinawan cuisine served at the restaurant in Tokyo.
JAPAN / Society / Regional Voices: Okinawa
Jun 17, 2024

How a Michelin-star Okinawan restaurant made a V-shaped recovery

A return to its roots — and Okinawan flavors — struck a chord with new and returning customers.

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?