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August 07, 2025
 

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Stephen Dacus, incoming chief executive officer of Seven & I Holdings, speaks during an interview at the company's headquarters in Tokyo on Friday. Dacus plans to boost investments in its U.S. stores using cash from a planned listing of its American retail operations.
BUSINESS / Companies
Apr 25, 2025

Seven & I’s new CEO plans aggressive investments in U.S. stores

In addition to investing in its North America operations, Stephen Dacus is also looking to review the company’s supply chain globally.
Toyota Motor Corp. Chairman Akio Toyoda after a meeting in Beijing last month
BUSINESS / Companies
Apr 25, 2025

Toyota chairman proposes record buyout of its supplier at $42 billion valuation

The proposal values Toyota Industries, which makes looms for textiles as well as parts for Toyota’s cars, at a premium of 40% over its closing stock price on Friday.
Resona Bank officials attend a ceremony in Los Angeles on Friday to open its first U.S. office in 21 years.
BUSINESS / Companies
Apr 27, 2025

Resona Bank sets up U.S. office for first time in 21 years

The move reflects the bank's aim to enhance business support for some 1,200 client companies operating in the United States.
Net income at Daiwa Securities Group tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31.
BUSINESS / Companies
Apr 29, 2025

Japanese brokerages struggled with volatility even before tariffs

Net income at Daiwa tumbled 24% year-on-year to ¥30 billion ($208 million) in the three months ended March 31, marking the first decline in eight quarters.
Japan’s carmakers are being pushed to combine their resources in an environment roiled by tariffs, as well as to counter Chinese auto firms’ rapid expansion.
BUSINESS / Companies
Apr 30, 2025

Japan's carmakers face consolidation amid tariffs and China's rise, says hedge fund

Man Group’s Stephen Harget thinks the phenomenon could be Japan-specific as automakers in other regions have already been through such a cycle.
Google has been pushing back on the remedies proposed by the U.S. to address its search dominance — one of which is sharing search data with rivals.
BUSINESS / Tech
May 3, 2025

U.S. presses for Google to share data by citing Yahoo Japan deal

Google has long had a relationship with Yahoo Japan to provide it with search results and some backend work related to search advertising.
A Shein pop-up store in New York. Many goods imported from China now face a 145% tariff.
BUSINESS
May 3, 2025

Young Americans sour on Trump’s China tariffs despite election-year bump

For Republicans, the trade war is poised to reverse gains with a demographic that could be key to maintaining control of Congress.
Warren Buffett, CEO of Berkshire Hathaway, speaks to the media as he arrives at an annual shareholders meeting in Omaha, Nebraska, in May, 2019.
BUSINESS / Companies
May 4, 2025

Warren Buffett to retire from Berkshire Hathaway by year's end

Buffett indicated several years ago 62-year-old Greg Abel would be his pick for successor.
The Hollywood sign is framed by palm trees as Donald Trump unveils a 100% tariff on films made outside of the U.S., in Los Angeles, California, on Monday.
BUSINESS / Economy
May 6, 2025

Trump tariff order on movies leaves film industry flummoxed

Tariffs on movies might prove more difficult to implement than even the highly integrated North American automobile industry.
The Nike House of Innovation store on Fifth Avenue in New York. CEO Elliott Hill, who came out of retirement to take the top job in October, said that Nike is resetting its priorities.
BUSINESS / Companies
May 6, 2025

Nike president O’Neill out in latest shake-up under new CEO

CEO Elliott Hill said the sportswear company is resetting its priorities.
Jun Seki, chief strategy officer of Hon Hai Precision Industry's electric vehicle business, speaks during a news conference in Tokyo on April 9.
BUSINESS / Companies
May 7, 2025

Hon Hai to make Mitsubishi an EV for Australia and New Zealand

The partnership makes Mitsubishi the first major customer for the Taiwanese contract manufacturer's fledgling EV business.
Fed Chair Jerome Powell said that at this point, it isn't clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.
BUSINESS / Economy
May 8, 2025

Fed sees rising risks to economy as it leaves rates unchanged

With so much uncertainty over Trump's tariff moves, Fed Chair Jerome Powell said "It's really not at all clear what it is we should do."
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
BUSINESS / Tech
May 8, 2025

SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events

This year, the conference — focused on sustainable cities and high technology — feels bigger and more global.
U.S. President Donald Trump shakes hands with Britain's ambassador to the United States, Peter Mandelson, after announcing a trade deal with the U.K., in the Oval Office at the White House in Washington on Thursday.
BUSINESS / Economy
May 9, 2025

Trump and Starmer hail limited U.S.-U.K. trade deal, but 10% duties remain

Trump pushed back against seeing the U.K. deal as a template for other negotiations, saying that many other trading partners may end up with much higher final tariffs.
U.S. Treasury Secretary Scott Bessent takes questions at the White House on April 29. Bessent, a former hedge fund manager, is leading trade talks with China in Geneva.
BUSINESS / Economy
May 11, 2025

U.S. and China conclude first day of talks in bid to ease trade war

U.S. President Donald Trump said negotiators had "a very good meeting” on their first day of an effort to deescalate the rivals' trade war.
The entrance to discount retailer Don Quijote's store in Tokyo's Shibuya district, known as Don Don Donki outside the country
BUSINESS / Companies
May 11, 2025

'Treasure hunt': Tourists boost sales at Japan's Don Quijote stores

Revenues at Don Quijote in Japan are "around 1.7 times higher than before the pandemic," said Motoki Hara, a manager at the retailer.
U.S. President Donald Trump’s tariffs on cars and car parts imported to the U.S. have been painful to most global brands, but crippling in Nissan’s case.
BUSINESS
May 13, 2025

Nissan shares surge as carmaker set to cut 20,000 jobs in huge overhaul

The heavily indebted company, one of the top 10 automakers by unit sales, is expected to log a record annual loss of around $5 billion later in the day.
NTT said last week it will take its data service unit NTT Data Group private. That followed its acquisition of its mobile service arm, NTT Docomo, in 2020.
BUSINESS
May 15, 2025

Listed subsidiaries get the ax in Japan after investor pressure

The trend stems from pressure on firm to cater to shareholders in response to activist campaigns, demands from the stock exchange and hostile takeovers.
Rakuten Group's stock dropped after the Japanese e-commerce firm reported a 19th straight quarterly loss, fueling concerns about the financial drag from its ailing mobile business.
BUSINESS / Companies
May 15, 2025

Rakuten Group shares sink on worse-than-expected quarterly loss

The stock plunged as much as 10% in Tokyo on Thursday, its biggest intraday drop since April 7.
Mizuho Financial Group forecast on Thursday that its net income will likely climb 6.1% to ¥940 billion ($6.5 billion) in the year that started in April.
BUSINESS / Companies
May 15, 2025

Mizuho anticipates record earnings in fiscal 2025 despite tariff dent

Japan's third-largest lender indicated that uncertainty in global trade has led to a more conservative outlook as U.S. tariff measures make business planning less predictable.
Tesla's story about keeping used cars for "robotaxis" fits a long pattern of unfulfilled promises to deploy self-driving vehicles — most recently announced for June in Austin, Texas.
BUSINESS / Companies
May 16, 2025

Tesla took back leased cars for use as 'robotaxis,' but sold them instead

Despite repeated promises, the robotaxis never came and Tesla flipped many of the off-lease cars to new buyers.
For Nintendo, it’s been a challenge making sure it can produce enough Switch 2 gaming devices to meet demand.
BUSINESS / Companies
May 20, 2025

Nintendo turns to Samsung to make chips for Switch 2

The Kyoto-based company is pivoting to Samsung because the Nvidia-based chipset that the Switch 2 employs was optimized for the Korean company’s manufacturing systems.
Honda CEO Toshihiro Mibe says the company's investment plans for electric vehicles have been scaled back during a news conference in Tokyo Tuesday.
BUSINESS / Companies
May 20, 2025

Honda walks back EV investment and sales targets on poor demand

Honda now sees hybrids accounting for 2.2 million of 3.6 million in global sales by 2030, up from the 2 million it previously saw.
Compensation paid in the year that ended in March to Nomura Holdings' seven executive officers totaled ¥4.6 billion, up 3% from the previous year when there were eight such officers.
BUSINESS / Companies
May 23, 2025

Nomura raises top executives’ pay to highest in over a decade

Compensation paid in the year ended March to the company’s seven executive officers totaled ¥4.6 billion.
An employee of Kyowa Industrial walks next to the company's factory in Takasaki, Gunma Prefecture, in April.
BUSINESS / Companies
May 24, 2025

Tariff crossfire hits Toyota, Nissan and Ford suppliers in Japan

Thousands of small and midsize makers of auto parts in Japan, including suppliers for Toyota and Nissan, are facing a crisis as U.S. tariffs threaten their bottom lines.
Mitsui O.S.K. Lines President and CEO Takeshi Hashimoto speaks during an interview in Tokyo in April.
BUSINESS
May 23, 2025

Japanese gas tanker giant sees difficulty buying Chinese vessels

Washington has issued a flurry of measures since President Donald Trump took office aimed at curbing China’s maritime dominance and reviving its own flagging shipbuilding industry.
A shareholder of Nomura Holdings has made a proposal seeking to change the company’s name to Nomura Securities Group.
BUSINESS / Companies
May 28, 2025

Nomura faces rare vote on shareholder's proposal of a name change

The proposal seeks to change the company’s name to Nomura Securities Group, which its board opposes.
SpaceX's next-generation Starship spacecraft atop its Super Heavy booster is launched on its ninth test at the company's launch pad in Starbase, Texas, on Tuesday.
BUSINESS / Tech
May 28, 2025

SpaceX's Starship spins out of control

SpaceX's Starship rocket roared into space from Texas on Tuesday but spun out of control about halfway through its flight without achieving some of its most important testing goals, bringing fresh engineering hurdles to CEO Elon Musk's increasingly turbulent Mars rocket program.
An employee of Nissan Motor works on a Leaf electric car on an assembly line at its Oppama plant in Yokosuka, Kanagawa Prefecture.
BUSINESS
May 29, 2025

Factory that symbolized Nissan's rise may become victim of its decline

Nissan faces a mountain of debt repayment and is scrambling to upgrade its aging lineup of vehicles, but hasn't said which of its 17 plants will be closed.
Japanese firms' capital expenditure gained 1.8% in the three months through March from the previous quarter, while inflation is keeping a lid on household spending and U.S. President Donald Trump’s tariff campaign clouds the trade outlook.
BUSINESS / Economy
Jun 2, 2025

Japan’s firms raised capital spending ahead of U.S. tariffs

Business spending holds the key to the country’s economic growth as inflation keeps a lid on household spending.
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’s unbeatable new production model export
China is not merely moving more goods; it is exporting a new, ruthlessly efficient production model powered by automation, AI and state-guided industrial optimization.
Trump: the $550 billion pledged by Japan is 'our money'
U.S. President Donald Trump at the White House on Tuesday. He told CNBC that investment pledges are like signing bonuses.
Australia announces new warships will come from Japan
The Maritime Self-Defense Force's Mogami-class frigate Niyodo sails at an undisclosed location in this image released Tuesday.
Japan swelters as previous heat record melts
A worker tries to cool down a street in central Tokyo Tuesday as wide swaths of the Kanto region sweltered under intense heat. In Gunma Prefecture, the temperature rose 41.8 degrees Celsius, the highest ever recorded in Japan.
Australia announces new warships will come from Japan
The Maritime Self-Defense Force's Mogami-class frigate Niyodo sails at an undisclosed location in this image released Tuesday.
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.

Podcast

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

Longform

A mushroom cloud from the atomic bombing on Hiroshima taken from a U.S. military aircraft on Aug. 6, 1945. Copying the photo without permission is prohibited.
80 years on, a Japanese American hibakusha recalls the day the bomb dropped
By Elizabeth Beattie

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