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May 01, 2025
 

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The Shein logo on hangers at a pop-up store in Dublin on Nov. 8, 2022
BUSINESS / Companies
Jun 13, 2024

Shein steers tough course in pursuit of blockbuster London IPO

Both of the U.K.’s major political parties have met with Shein leaders, according to reports, though neither has come out in support publicly.
Shareholder approval of the $56 billion pay package serves as both an endorsement of Elon Musk's tenure and an acknowledgment that investors do not want to risk Tesla's future.
BUSINESS / Tech
Jun 14, 2024

Tesla's Musk wins shareholder approval for $56 billion pay package

The approval does not, however, resolve a lawsuit on the pay package in a Delaware court.
The city of Fukuoka. The government plans to draw up guidelines for supporting midsize companies, many of which have headquarters outside big cities and are expected to play key roles in boosting regional economies.
BUSINESS / Companies
Jun 17, 2024

Japan to compile guidelines on supporting midsize firms

The guidelines will specify how support should be provided to such companies based on their management conditions.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Jun 19, 2024

BOJ’s minutes show debate on rate hikes with close eyes on yen

The minutes signal the potential for a BOJ rate hike as early as July even as market speculation for such a move has cooled somewhat.
Most Japanese companies see no need for their government to follow the U.S. in raising tariffs on Chinese imports, a survey has found.
BUSINESS
Jun 20, 2024

Most Japanese firms see no need to follow U.S. with tariffs on China

U.S. President Joe Biden last month unveiled steep tariff increases on an array of Chinese goods.
Kazuto Oku, CEO of Norinchukin Bank, speaks during a news conference in Tokyo on May 22.
BUSINESS / Companies
Jun 20, 2024

Norinchukin sounds warning as higher-for-longer rates inflict losses

Signals from central banks that they are in no rush to cut rates have caught out many investors who'd been betting on more aggressive moves.
SoftBank Group founder Masayoshi Son says the conglomerate is ready to make its next big move, without fear of whether that’ll be a hit or miss.
BUSINESS / Companies
Jun 20, 2024

After losses, SoftBank’s Masayoshi Son says he's ready for his next big bet

The billionaire has warned that his next big endeavor could be a big hit or a bad flop — but that SoftBank has no choice but to try.
Softbank Group CEO Masayoshi Son speaks during the annual general shareholders' meeting in Tokyo on Friday.
BUSINESS / Companies
Jun 21, 2024

SoftBank’s Son aims to create ‘super’ AI in new investment drive

He envisions a future when Arm Holdings chips support an ecosystem of technology that can collectively cure cancer, clean houses and play with children.
An employee at Atlanta's Hartsfield-Jackson International Airport. The greatest heat-related labor losses are born by outdoor industries such as construction, mining and agriculture.
BUSINESS
Jun 22, 2024

When hot weather arrives, worker productivity is at risk

Exposure to high temperatures can diminish cognitive performance and have other lingering affects on one's health.
The holding lot of the Shanghai Automotive Industrial Corporation-Volkswagen joint venture in Shanghai in April 2023. As the European Union moves to impose tariffs on Chinese cars, Germany, with an auto industry deeply enmeshed with China, is stuck in the middle.
BUSINESS
Jun 23, 2024

Germany hopes to head off a trade war with China

China’s EV exports threaten European automakers, but companies like Volkswagen have extensive operations in China and fear retaliatory actions by Beijing.
Families of those killed in Boeing 737 Max 8 plane crashes hold up pictures of their deceased loved ones as the planemaker's CEO Dave Calhoun testifies before a Senate Homeland Security and Governmental Affairs Committee Investigations Subcommittee hearing on the safety culture at Boeing, on Capitol Hill in Washington on June 18.
BUSINESS / Companies
Jun 24, 2024

U.S. prosecutors recommend DOJ criminally charge Boeing as deadline looms

They concluded the planemaker had violated a settlement related to two fatal crashes in 2018 and 2019 involving its 737 MAX jet, source say.
A screen tracks Nvidia's stock price movements as a trader works on the floor at the New York Stock Exchange on Oct. 23, 2023.
BUSINESS / Companies
Jun 24, 2024

Nvidia sales grow so fast that Wall Street can’t keep up

No one can figure out what the chipmaker’s revenues are actually going to be amid an artificial intelligence boom.
A general shareholders meeting is held at Sompo Holdings in Tokyo on Monday.
BUSINESS / Companies
Jun 24, 2024

Japan nonlife insurers apologize to shareholders over scandals

Leaders of three major Japanese nonlife insurers apologized at their respective general shareholders meetings over scandals rocking the industry.
The investigation into the Chinese telcos is the latest effort by Washington to prevent Beijing from exploiting Chinese firms' access to U.S. data to harm U.S. companies, Americans or its national security as part of a deepening tech war between the geopolitical rivals.
BUSINESS / Tech
Jun 25, 2024

U.S. probing Chinese telcos over internet and cloud risks

Their cloud services and routing of wholesale U.S. internet traffic raise concerns that they could exploit access to American data by providing it to Beijing.
Fast fashion e-commerce company Shein's logo outside its office in Guangzhou, China, on June 11
BUSINESS / Companies
Jun 25, 2024

What is at stake for China-founded Shein as EU rule looms

Shein has faced more than 90 lawsuits alleging it plagiarized others’ designs or products.
Masayoshi Son, chairman and chief executive officer of SoftBank Group, speaks during the company's annual general meeting in Tokyo last Friday.
BUSINESS / Companies
Jun 27, 2024

SoftBank to back AI startup Perplexity at $3 billion valuation

SoftBank will invest between $10 million and $20 million in the firm, which aims to use AI to compete with Alphabet’s Google search.
Rakuten CEO Hiroshi Mikitani said that the mobile company now has more than 7 million subscribers, and is seeking to hit 10 million subscribers next.
BUSINESS / Companies
Jun 27, 2024

Money-losing Rakuten Mobile rolls out new 700 MHz service

The new offering, which is being introduced incrementally, will improve connectivity, including in densely populated areas, it says.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024

Toyota and affiliates to offload some $1 billion in Aisin shares

Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
Tsuyoshi Maruki, president of Strategic Capital, speaks online on Thursday after three of six candidates proposed by the firm for Daidoh's board positions secured a seat.
BUSINESS / Companies
Jun 28, 2024

Activist fund in Japan wins Daidoh board seats in rare victory

Daidoh's stock has more than tripled since activist fund Strategic Capital built a stake in the firm in November 2022.
In a recently released report, a U.N. group has urged Japanese companies to draw up policies vowing to fulfill their responsibility in protecting human rights.
BUSINESS
Jun 29, 2024

U.N. voices concern over rights violations in Japan workplaces

While noting "important advancements" on the issue, a report expressed concerns about difficulties in addressing deeply embedded harmful gender and social norms.
The number of construction workers in Japan stood at 4.83 million in 2023, down by more than 2 million from the peak of 6.85 million in 1997.
BUSINESS / Companies
Jul 1, 2024

Amid labor shortages, Japanese builders urged to improve conditions

The government is advocating wage increases and the full implementation of a five-day workweek.
As interest rates rise, the Bank of Japan will have to pay more on deposits, resulting in a mismatch between what it pays out and how much it receives on bonds it holds.
BUSINESS / Economy / FOCUS
Jul 2, 2024

The Bank of Japan’s $3 trillion problem

As interest rates rise and the deposits it holds become far more expensive, the central bank could end up becoming unprofitable.
Renesas Electronics CEO Hidetoshi Shibata
BUSINESS / Companies
Jul 3, 2024

Ex-banker behind chipmaker Renesas targets $100 billion value

Renesas’ push coincides with an aggressive campaign by Japan to turn the world’s fourth-largest economy into a chip powerhouse.
MUFG has been seeking to build its presence in India, and has been involved in negotiations for a minority stake in HDFC Bank’s consumer lending unit.
BUSINESS
Jul 3, 2024

MUFG's talks for stake in India consumer lender said to hit snag

MUFG has been seeking to build its presence in India.
Restaurant chains such as Yoshinoya rely on U.S. beef imports. The price surge has led to Yoshinoya's parent company looking into developing new dishes using ingredients other than beef.
BUSINESS / Economy
Jul 4, 2024

Soaring prices make U.S. beef procurement hard in Japan

The yen's recent sharp depreciation compounds the problems of reduced supply and strong demand for American beef in other countries.
An LG Energy Solution battery pack for an electric vehicle using cell-to-pack technologies displayed at the InterBattery exhibition in Seoul on March 6
BUSINESS / Tech
Jul 4, 2024

LG sees battery breakthrough by 2028 that has eluded Tesla

It aims to commercialize the dry-coating technology for making electrodes that can allow savings on energy, equipment costs and space.
The weakness of the yen is posing a big problem for small and midsize businesses. As for desired exchange rates, 69.5％ said they want the yen trading between ¥110 and ¥135 to the dollar.
BUSINESS / Companies
Jul 4, 2024

Weak yen inflicts major damage to small and midsize businesses, survey says

While some larger, export driven companies have benefited from the weak currency, smaller firms are struggling to adjust.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024

Insurers and banks to sell Honda shares worth $3.3 billion, filing shows

The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
The PayPay app had about 60 million registered users as of October.
BUSINESS / Companies
Jul 8, 2024

SoftBank group firm PayPay Securities aims to double accounts

The company has been in the red since February 2021, with a net loss of ¥4.6 billion ($29 million) for the 2023 fiscal year.
British Prime Minister Keir Starmer and his wife, Victoria Starmer, greet Labour campaigners and activists at No. 10 Downing Street, following the results of the election in London on Friday.
BUSINESS / Markets
Jul 8, 2024

Investors put U.K. election winner Labour on credibility watch

U.K. markets that have struggled since 2016's Brexit vote and the chaos wreaked by former Prime Minister Liz Truss' 2022 mini-budget.
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.
Counting the reasons why there are so few American cars in Japan
Tesla's store in Tokyo's Shibuya district. While sales of American cars in Japan appear to be shrinking, Tesla's presence in the country is growing.

Podcast

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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