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May 01, 2025
 

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BUSINESS / Economy
Mar 8, 2024

Japan Inc. set to offer bumper pay hikes, paving way for stimulus end

Economists see negotiations resulting in an average increase of around 3.9% in pay for union workers at major firms.
Kazuo Ueda, governor of the Bank of Japan, speaks at a fintech summit in Tokyo on Tuesday.
BUSINESS
Mar 8, 2024

Bank of Japan leaning toward exiting negative rates in March

Many BOJ policymakers are closely watching the outcome of big firms' annual wage negotiations with unions on March 13.
Rescuers clear debris from a multistory building heavily damaged following a drone strike, in Odessa, Ukraine, on March 3.
BUSINESS / FOCUS
Mar 10, 2024

The $1 trillion race to rebuild Ukraine is slowly getting going

Firms are boosting their presence in Ukraine, in anticipation of the conflict's end — and the biggest investment opportunity since at least World War II.
Philippine Coast Guard personnel film a China Coast Guard vessel during a supply mission in the disputed South China Sea on March 5.
BUSINESS
Mar 11, 2024

U.S. key to Philippines’ plan to tap oil and gas in South China Sea

Manila is seeking to parlay its deepening security ties with Washington into broader economic benefits, the Philippine ambassador to the U.S. said.
Dai Karasawa, president of SSE Pacifico K.K., a joint venture of U.K. energy group SSE and Japan's Pacifico Energy, speaks about their plan to develop offshore wind farms in Japan during an interview in Tokyo, last week.
BUSINESS / Companies
Mar 11, 2024

SSE's Japan unit aims to develop 6GW offshore wind farms

Japan is aiming to become a major offshore wind power producer, with the government targeting 10 GW by 2030 and up to 45 GW by 2040.
Some 38% of Bank of Japan watchers in a survey believe the central bank will end its negative rates next week.
BUSINESS / Economy
Mar 12, 2024

Half of BOJ watchers still see April rate hike while bets on March move jump

The proportion of 50 economists forecasting an end to the world’s last negative rate in April slipped to 54% in the latest survey from 59% in January.
Earl Stewart, a Toyota dealer, says he was shocked when he first heard about Toyota’s strategy.
BUSINESS
Mar 13, 2024

Toyota’s hybrid-first strategy is delivering big profits

Toyota’s sales are booming, and the company is reporting huge profits.
Investors been pouring money into promising AI startups, eager to uncover the next big thing after ChatGPT.
BUSINESS / Companies
Mar 11, 2024

AI talent war heats up in Europe

The talent war means workers are increasingly well-placed to make demands of their prospective employers.
Paraguay Foreign Minister Rubén Ramírez Lezcano says that the free trade agreement to be negotiated between Tokyo and Mercosur would include goods and services, including agricultural products, which is very important for Japan.
BUSINESS / Economy
Mar 13, 2024

Mercosur ‘ready’ to resume FTA talks with Japan, Paraguay foreign minister says

The bloc is keen to expand ties with Asia as it seeks to boost trade and deepen economic integration with partners beyond the U.S., Europe and China.
Samsung Electronics plans to use a technology championed by its rival SK Hynix, as the world's top memory chipmaker seeks to catch up in the race to produce high-end chips used to power artificial intelligence.
BUSINESS / Companies
Mar 13, 2024

Samsung to adopt chipmaking tech used by rival amid AI chip supply race

Samsung's decision to stick with a chipmaking technology called nonconductive film is one of the reasons it has fallen behind.
U.S. President Joe Biden said Thursday that United States Steel should be domestically owned, coming out against Nippon Steel's plan to acquire the company as support from labor unions is becoming more significant for his re-election bid.
BUSINESS / Companies
Mar 15, 2024

Nippon Steel determined to complete U.S. Steel deal

The firm has promised no layoffs or plant closures until at least September 2026.
Makoto Uchida (left), president and CEO of Nissan, and Honda President Toshihiro Mibe give a joint news conference in Tokyo on Friday to announce a new strategic partnership in electric vehicles.
BUSINESS / Companies
Mar 15, 2024

Nissan and Honda to explore electric vehicle partnership

Analysts said the move was aimed at catching up with Chinese rivals who have stolen a march in EVs while Japanese firms have lost ground.
Former FTX chief Sam Bankman-Fried leaves Manhattan federal court in New York on Jan. 3.
BUSINESS
Mar 16, 2024

Sam Bankman-Fried should get up to 50 years in prison, U.S. says

A sentence of 40 to 50 years is necessary for the "historic” crime involving more than 1 million victims and losses of over $10 billion, prosecutors say.
A worker in the factory of Optimax Systems, in Ontario, New York on Thursday.
BUSINESS / Economy
Mar 18, 2024

Markets frustrated as Fed drops no hints on post-pandemic economy

With investors having to guess how they will respond, households and businesses are finding it harder to plan.
Nvidia's CEO Jensen Huang displays products onstage during the annual Nvidia GTC Artificial Intelligence Conference at SAP Center in San Jose, California, on Monday.
BUSINESS / Tech
Mar 19, 2024

Nvidia unveils 'superchip' successor to all-conquering AI processor

The new chip, multiple times faster at handling AI models, will be the basis of new computers being deployed by the world’s largest data center operators.
The annual South by Southwest Conference (SXSW) in Austin, Texas, was held on Saturday.
BUSINESS / Tech
Mar 20, 2024

Will AI help or hurt workers? At SXSW, that depends on who you ask.

According to a global survey from Slack, 42% of office workers say they’re excited about AI, but some 27% find the prospect concerning.
Bank of Japan Gov. Kazuo Ueda (center) and Deputy Govs. Ryozo Himino (left) and Shinichi Uchida (right) attend a news conference at the bank headquarters in Tokyo in April 2023
BUSINESS / Economy / FOCUS
Mar 20, 2024

How the Bank of Japan's plan for a smooth stimulus exit unfolded

The decision was complicated by differences between BOJ Gov. Kazuo Ueda's two deputies, as well as the governor's wavering on the exit timing.
People visit the Huawei stand at the 2024 Mobile World Congress in Barcelona last month.
BUSINESS / Tech
Mar 20, 2024

U.S. weighs sanctioning Huawei’s secretive Chinese chip network

Any move would come after the Chinese telecom giant notched a significant technological breakthrough last year.
The Bing website on a smartphone. Microsoft has received a wave of criticism from human rights groups on how its search engine works in China.
BUSINESS / Companies
Mar 21, 2024

Microsoft is attracting growing criticism for censoring Bing in China

Bing is reportedly removing information about human rights, democracy, climate change and other topics.
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.
Significantly, JAL will also buy 11 A321neos, breaking Boeing’s exclusive hold on the airline as its sole supplier of single-aisle jets.
BUSINESS / Companies
Mar 21, 2024

Japan Airlines to add 32 new Airbus planes to its fleet

The airline, a longtime Boeing customer, will also buy 10 jets from the U.S. planemaker as it expands its international network.
Hackers linked to North Korea, among the most sophisticated in the business, are showing no signs of letting up in targeting the cryptosphere.
BUSINESS / Tech
Mar 23, 2024

North Korean hackers stalk crypto startups scrimping on security

Startups strapped for cash after a prolonged funding drought have cut security spending even as soaring digital-asset prices tempt hackers.
South Korea's economy is one of the world's most advanced by many metrics but has been unable to shake its classification as an emerging market due to a host of issues, including the way its currency is managed.
BUSINESS / Markets
Mar 25, 2024

South Korea's push to make its markets global dogged by FX history

The export powerhouse is struggling to loosen the tight currency restrictions that have been a major pain point for investors and traders in the country.
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.
Nissan Motor will launch 30 new models over the next three years, including 16 electrified models.
BUSINESS / Companies
Mar 25, 2024

Nissan to launch 30 new models by 2027 and boost global sales volumes

Nissan was a pioneer in EVs but the carmaker has been eclipsed by the likes of U.S. rival Tesla and Chinese leader BYD.
International bankers in Tokyo say their compensation remain a fraction of pay in other financial hubs despite booming markets in Japan.
BUSINESS / Companies
Mar 26, 2024

Bonuses at Japan's global banks underwhelm despite booming markets

Bonuses at international investment banks fell by about 10% on average in Tokyo for 2023, bankers and recruiters have said.
Lithium evaporation ponds in Silver Peak, Nevada. Global lithium demand is expected to outpace supply by 500,000 metric tons annually by 2030.
BUSINESS
Mar 26, 2024

America's lithium laws fail to keep pace with rapid development

Washington's drive to make the U.S. a major global lithium producer is being held back by a confusing mix of state regulations.
Police escort Do Kwon from court in Podgorica, Montenegro, on Saturday.
BUSINESS / Companies
Mar 26, 2024

Terraform goes on trial as Do Kwon awaits extradition in Montenegro

The trial is the latest in a series of high-profile legal confrontations in which U.S. regulators seek to assert greater control over the crypto industry.
BUSINESS / Companies
Mar 27, 2024

About 70% of firms in Japan now offer employment-linked internships

Companies in Japan were newly allowed to offer employment-linked internships starting from their recruitment drive for students graduating in spring 2025.
Those who are planning to move to new homes are finding themselves either struggling to make a reservation or facing increasingly higher costs.
BUSINESS
Mar 27, 2024

Japan's moving companies struggle to meet demand amid driver shortage

Charges have increased, even doubled, during the March-April peak moving season as a regulation capping overtime hours for drivers kicks in.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
Shohei Ohtani's example could change Japan's views on paternity leave
Shohei Ohtani and Mamiko Tanaka announced the birth of their first child on April 19.
Nearly half of workers in Japan engage in ‘quiet quitting’
"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.
Delta routes new Airbus plane to Tokyo to sidestep Trump tariffs
Delta Air Lines signage on the floor of the New York Stock Exchange in New York on April 9. The airline is flying a new Airbus SE plane through Japan to skirt U.S. import tariffs.
Underground water leak floods Kyoto streets
A massive underground water leak early Wednesday flooded the streets near an intersection on National Route 1 in Shimogyo Ward in the city of Kyoto.
CDP submits bill proposal on separate surnames, but challenges remain
Constitutional Democratic Party of Japan lawmakers speak to reporters in parliament on Wednesday after submitting a bill in the Lower House to allow married couples to retain different surnames.
Puzzling decisions and opaque rankings are all part of sumo's charm
Chiyoshoma (right) battles Churanoumi during the New Year Basho in Tokyo in January. The Mongolian's drop down the sumo rankings ahead of the May tournament was one of the biggest surprises of the latest banzuke.
North Korea's Kim sets sights on nuclear-armed navy
An unidentified weapons system is fired from the deck of North Korea's latest destroyer, the Choe Hyon, during two days of tests on Monday and Tuesday in this undated photo released Wednesday.
Single, or not? Japanese dating app launches relationship verification system
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.

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

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A small shrine perched atop rocks braves the waves hitting the shoreline during a storm in Shimoda, Shizuoka Prefecture. The area is under threat of a possible 31-meter-high tsunami if an earthquake strikes the nearby Nankai Trough.
If the 'Big One' hits, this city could face a 31-meter-high tsunami
By Alex K.T. Martin

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