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A participant operates the "Flappy Bird," a self-made flying machine, during an event in Hong Kong in May 2014. Vietnam first caught the attention of global gamers in 2013 after Hanoi developer Dong Nguyen created, Flappy Bird, a simple but addictive game app.
BUSINESS / Tech
Aug 7, 2023

A decade after Flappy Bird, Vietnam becomes gaming powerhouse

Moving beyond outsourced software and sneaker factories, Hanoi views mobile games as a crucial part of its emerging tech sector.
Toshiba, which has know-how ranging from air conditioners and nuclear power equipment to semiconductors and quantum computing, sees a Japan Industrial Partners-led bid as a chance to regain its footing following more than a decade of scandals and management overhauls.
BUSINESS / Companies
Aug 7, 2023

JIP-led ¥2 trillion tender offer for Toshiba to start Aug. 8

A consortium led by Japan Industrial Partners will start a tender offer to buy all outstanding Toshiba shares at ¥4,620 per share through Sept. 20.
Hiroyuki Nagai, president and chief executive officer of Rakuten Bank (left), attends the company's listing ceremony at the Tokyo Stock Exchange on April 21.
BUSINESS / Companies
Aug 8, 2023

Rakuten Bank sees edge over rivals once BOJ ends negative rates

Uncertainty remains over when the Bank of Japan will scrap the policy, which has squeezed banks’ lending margins since its introduction seven years ago.
The Azabudai Hills development in Tokyo on Tuesday
BUSINESS / Companies
Aug 8, 2023

Mori Building to open Azabudai Hills complex in Tokyo in November

The company hopes the project will boost the capital’s competitive edge over metropolises overseas.
A shopper at a Beijing grocery store in 2022. China's consumer and producer prices have both declined from 12 months ago, indicating that the world’s second-largest economy may be weakening.
BUSINESS / Economy
Aug 9, 2023

China shows signs of deflation as consumer and factory prices fall

A prolonged property market slump, plunging demand for exports and subdued consumer spending are weighing on China's economic recovery.
The Alibaba Group Holding offices in Beijing on Tuesday. Alibaba is scheduled to release earnings results on Thursday.
BUSINESS / Companies
Aug 9, 2023

Alibaba and Tencent’s big gains may not signal inflection point

Chinese policymakers have stopped short of providing significant policy support, consumer spending is muted and profit margins remain thin.
Shohei Ohtani's free agency is expected to be among the wildest pursuits of a player in baseball history.
BASEBALL
Aug 9, 2023

Angels hoping to stay in the Shohei Ohtani business

Whether the two-way phenom remains an Angel for two more months, or the rest of his career, is an open question.
Sony's headquarters in Tokyo
BUSINESS
Aug 12, 2023

Sony and other top music labels sue over Sinatra 78s stored online

The companies include a list of 2,749 recordings in the lawsuit, including songs by Bing Crosby and Louis Armstrong.
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Aug 14, 2023

The Fed is playing a waiting game to try to avoid a recession

An increasing number of economists — including the Federal Reserve’s own staff — are predicting the U.S. will escape a recession.
Honda's electric vehicle e:NP2 is displayed at the Auto Shanghai show, in Shanghai in April. The recent weakening of the yen couldn't come at a better time for Japanese automakers, which are struggling in the Chinese market.
BUSINESS / Economy
Aug 14, 2023

Weak yen gives Japan automakers temporary relief from China pain

A weak yen has traditionally lifted profits for Japan's big exporters
SoftBank, which currently owns 75% of Arm, is in talks to acquire the 25% stake in the firm it does not directly own from Vision Fund 1, according to sources.
BUSINESS
Aug 14, 2023

SoftBank in talks to buy Vision Fund's 25% stake in Arm

The move would potentially deliver a win for investors who have waited years for strong returns.
Florida's Gov. Ron DeSantis and Sen. Marco Rubio launch the 'Keep Florida Free' tour on primary night. In May, DeSantis signed a sweeping anti-ESG bill he says targets the "woke” bias of the finance industry.
BUSINESS / Economy
Aug 15, 2023

Even as the term is 'weaponized,' bankers still pay heed to ESG

About two-thirds of survey respondents said the anti-ESG movement will force firms to stop using those three letters in conversations with clients.
Japan’s economy has expanded at a much faster pace than forecast, despite weak domestic consumption.
BUSINESS / Economy
Aug 15, 2023

Japan’s GDP grows at 6% on strong exports as consumption falters

Capital spending by businesses was flat, versus forecasts of a 0.4% increase, while private consumption unexpectedly declined by 0.5%.
Japanese companies are increasingly introducing performance-linked stock compensation for their CEOs, boosting what’s been the lowest level of top executive pay among major advanced economies.
BUSINESS / Companies
Aug 17, 2023

More Japan firms link CEO remuneration to long-term performance

Japanese firms have historically relied more on fixed remuneration not linked to business performance.
Japan's core consumer inflation slowed in July but remained above the Bank of Japan's price target for the 16th straight month.
BUSINESS
Aug 18, 2023

Japan’s 'sticky' inflation trend may keep BOJ on edge over prices

Prices excluding energy and fresh food increased 4.3% from the previous year, matching the record set in May, which was the fastest since 1981.
More investors in the Tokyo stock market are beginning to see higher pay as a useful barometer of a company’s strength.
BUSINESS / Markets
Aug 18, 2023

Stock pickers cheer for wage hikes in post-deflationary Japan

A group of companies that raised wages higher than many of their peers has outperformed the Topix index by 5 percentage points so far this quarter.
After enjoying robust demand during the COVID-19 pandemic, air cargo firms are now reeling from overcapacity.
BUSINESS / FOCUS
Aug 19, 2023

Air travel boom creates crosswinds for air cargo

Passenger jets grounded during the pandemic are flying again and transporting goods, upping the competition with dedicated air freighters.
A view of a Nestle, La Laitiere product cover in a supermarket in Paris. The video of Nestle's version of Baroque artist Johannes Vermeer's oil painting The Milkmaid generated sigificant "media value" for the Swiss food giant.
BUSINESS / Companies
Aug 21, 2023

From 'Mad Men' to machines? Big advertisers shift to AI

Many companies remain wary of security and copyright risks, however, meaning humans will remain part of the process for the foreseeable future.
The initial public offering for Arm Holdings is set to be the biggest in the United States this year.
BUSINESS / Markets
Aug 22, 2023

SoftBank’s planned IPO for Arm set to be biggest of 2023

Arm didn’t disclose proposed terms for the share sale in the document, but it’s expected to seek a valuation of $60 billion to $70 billion.
U.S. Commerce Secretary Gina Raimondo testifies during a Senate Appropriations Committee hearing on China in Washington last May.
BUSINESS / Economy
Aug 23, 2023

U.S. commerce chief to be latest Cabinet official to visit China

U.S. Commerce Secretary Gina Raimondo will visit China next week at the invitation of her Chinese counterpart.
A customer shops at a sushi counter at the Food Le Parc supermarket in Hong Kong.
BUSINESS / Economy
Aug 24, 2023

Hong Kong restaurants brace for cost jump after Japan seafood ban

The saga is yet another headache for the city’s restaurant industry, which is still suffering from the effects from pandemic curbs and a worker shortage.
A Cruise autonomous taxi in San Francisco on Aug. 10. Cruise is one of only two firms in California allowed to run paid robotaxi services around the clock.
BUSINESS / Tech
Aug 25, 2023

Robotaxis are making enemies as they go around San Francisco

Mishaps are adding to traffic and safety concerns over driverless vehicles, which zip around the city’s streets surrounded by sensors and cameras.
Toyota Motor has suspended operations at a dozen factories in Japan due to a system failure.
BUSINESS / Companies
Aug 29, 2023

Toyota set to resume operations after glitch halts production

Tuesday's halt raised concerns that the stoppage could be due to a cyberattack, though the company said that was unlikely.
The Bank of Japan headquarters in Tokyo. A board member with the central bank Naoki Tamura has hinted that officials might be able to confirm some time early next year they’ve hit the goal needed to usher in policy change.
BUSINESS
Aug 30, 2023

Leading BOJ hawk hints at chance of policy shift in early 2024

"The achievement is finally and clearly within sight after a decade of large-scale monetary easing aimed at attaining it,” board member Naoki Tamura said.
According to a survey conducted by the Tokyo Stock Exchange, 20% of the 1,235 prime-listed companies have come up with specific measures.
BUSINESS / Markets
Aug 31, 2023

Most Japan firms yet to disclose plans for better capital efficiency

The TSE made a rare call in March for firms to disclose plans in the long run to improve capital efficiency, but nearly 70% have yet to do so.
Bank of Japan board member Toyoaki Nakamura says it is uncertain whether smaller companies can earn enough profits to keep hiking wages next year and beyond.
BUSINESS / Economy
Aug 31, 2023

BOJ policymaker warns against premature monetary tightening

Tightening monetary policy before rising prices are accompanied by higher wages would hurt domestic demand and corporate profits, Toyoaki Nakamura said.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023

MUFG joint-venture brokerage sued over Credit Suisse AT1 sales

Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.
A show of support from some of the tech industry’s biggest names will help bolster Arm's IPO, which is expected to raise $5 billion to $7 billion.
BUSINESS / Tech
Sep 2, 2023

SoftBank lines up Apple and Nvidia as strategic Arm IPO backers

The show of support from some of the tech industry’s biggest names will help bolster an IPO that is expected to raise $5 billion to $7 billion.
An air raid shelter converted into luxury apartments at Ungererstrasse 158 in Munich, Germany
BUSINESS / Economy / ANALYSIS
Sep 4, 2023

Market flop: How Germany's property boom ended

The country's property sector in Europe's largest economy is suffering its worst slump in decades.
The Huawei Technologies Co. booth at the Smart China Expo in Chongqing, China, on Monday
BUSINESS / Companies
Sep 6, 2023

Huawei's new chip breakthrough likely to trigger closer U.S. scrutiny: analysts

The most advanced chip that chipmaker SMIC had previously been known for making was 14 nanometers.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years