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BUSINESS / Companies
Jan 17, 2024

Japanese flying bike startup A.L.I. Technologies files for bankruptcy

The Tokyo-based startup had aimed to play a key role in an expected “air mobility society.”
Toshiba went private through a takeover bid after a series of battles with activist shareholders.
BUSINESS / Companies
Jan 21, 2024

Management buyouts by big companies on rise in Japan

The total value of management buyout deals exceeded ¥1.4 trillion in Japan in 2023 to hit a record high.
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls and external demand shocks.
BUSINESS / Companies
Jan 22, 2024

Red Sea crisis pressures China's exporters as shipping delays mount

Further Red Sea disruptions would pile pressure on a struggling economy already contending with a property crisis and weak consumer demand.
Sompo Holdings' Kengo Sakurada is planning to step down as the company's CEO at the end of March.
BUSINESS / Companies
Jan 23, 2024

Sompo Holdings' CEO to resign over handling of Bigmotor wrongdoing

The Financial Services Agency has ended its on-site inspections of Sompo Holdings and Sompo Japan and is expected to issue business improvement orders.
Ajay Banga, president of the World Bank Group, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17
BUSINESS
Jan 23, 2024

World Bank chief eyes 'bigger' institution to tackle climate crisis

Ajay Banga said the bank is working to widen the way it looks at problems and increase collaborations with other institutions.
BUSINESS / Economy
Jan 23, 2024

BOJ stands pat on policy as quake's economic impact remains unclear

Observers are watching for when the BOJ will start exiting negative rates, amid growing expectations it will likely seek normalization this year.
Toshinori Yashiki, deputy director-general at the Financial Services Agency, urged lenders to pay particular attention to highly-leveraged borrowers.
BUSINESS
Jan 24, 2024

Japan regulator will probe risks to banks from higher rates

The Bank of Japan is expected to make its first rate hike since 2007 within a few months, raising the possibility that borrowers will struggle with higher interest payments.
BUSINESS
Jan 24, 2024

Japanese firms and unions kick off wage talks as markets bet on bigger pay hikes

Japan's big firms are expected to offer their unions wage hikes of 3.85% on average this year, the highest wage increase in 31 years.
China Southern Airlines and Xiamen Airlines Boeing 737 Max 8 aircraft at Boeing facilities in 2019. Between 2018 and 2022, Chinese customers booked only 25 Boeing planes, with sales dominated by cargo aircraft, according to Boeing data.
BUSINESS / Companies
Jan 25, 2024

Boeing delivers 737 Max jet to China in vote of confidence

It's unclear whether the event represents a real reset of the planemaker's relationship with Beijing or a temporary political concession.
The U.S. push to undermine Beijing’s semiconductor ambitions has increasingly singled out ASML, drawing the ire of the Dutch company's outgoing head Peter Wennink and some local lawmakers.
BUSINESS / Tech
Jan 26, 2024

ASML’s China sales surged despite secret Dutch deal with U.S.

The deal, which hasn’t been reported before, stumbled as ASML turned to Beijing to compensate for weak demand elsewhere.
Tokyo Metro plans to go public in the fiscal year that starts in April.
BUSINESS / Companies
Jan 26, 2024

Tokyo Metro to go public as Japan seeks to reap benefits of buoyant stock market

The company, which is owned by the national government and the Tokyo Metropolitan Government, will be listed in the year that begins in April.
Toyota's main Tokyo office on Wednesday
BUSINESS / Companies
Jan 26, 2024

Toyota union to demand record 2024 bonuses: report

With Toyota saying it expects to post record consolidated operating profits this financial year, the union is also likely to demand high pay hikes.
A pedestrian walks outside an Aeon store near Kofukuji Matsubara shopping street in Yokohama in April 2022.
BUSINESS
Jan 29, 2024

Japan's Aeon in exclusive talks to buy Tsuruha stake from Oasis

An increase in Aeon's stake would add to its drugstore business, a key growth driver for the firm.
The unemployment rate fell to 2.4% in December, government data shows.
BUSINESS / Economy
Jan 30, 2024

Japan job market remains tight, keeping hopes for wage hikes

The Bank of Japan is watching the labor market closely as it seeks evidence of a virtuous cycle linking rising wages with demand-led price gains.
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York on Nov. 27, 2023.
BUSINESS / Companies
Jan 31, 2024

Delivery firms struggle to adopt EVs as online sales drive up demand

Many climate pledges have been scaled back as the industry fails to keep pace with climbing emissions.
As China struggles with a slumping stock market and a collapsing real estate sector, commentary and even financial analysis Beijing deems negative are blocked.
BUSINESS
Jan 31, 2024

China’s censorship dragnet targets critics of the economy

The government's new information campaign about the economy is wider than usual censorship, with efforts now extending to mainstream commentary.
Akihiko Matsuura, head of UA Zensen, has called for a standard 6% increase in total wages.
BUSINESS / Companies
Feb 2, 2024

Major union UA Zensen calls for 6% pay raise to support BOJ policy shift

Prime Minister Fumio Kishida is also pushing for wage gains after hikes last year failed to keep up with inflation, putting a burden on household budgets.
The Aozora Bank headquarters in Tokyo. The bank surprised investors with losses tied to U.S. commercial property, sending shares down by the limit and heightening concern over global banks' exposure to souring real estate bets.
BUSINESS / Companies
Feb 2, 2024

Gamble on U.S. commercial property blows up for Japan’s Aozora

Shares went down by the limit and heightened concern over global banks' exposure to souring real estate bets.
Aeon is aiming to encourage male workers to take child care leave. While almost all of its female employees currently take child care leave when they have a child, the rate for male employees is only 15%.
BUSINESS
Feb 2, 2024

Aeon employees to receive 100% of income during child care leave

The retailer aims to gradually roll out the program from March to some 150 group companies.
A customer tries his Vision Pro at the launch of the product at a store in Los Angeles on Friday.
BUSINESS / Tech
Feb 4, 2024

Vision Pro headset is Apple's next Mac and TV combined

The $3,500 headset, which blends 3D content with a view of the outside world, landed in the company’s physical U.S. stores on Friday.
Wall Street giants are endorsing India as the prime investment destination for the coming decade.
BUSINESS / Markets
Feb 6, 2024

Wall Street snubs China for India in a historic markets shift

India has vastly expanded infrastructure under Prime Minister Narendra Modi in his bid to lure global capital and supply lines away from Beijing.
Nominal cash earnings among workers in Japan rose 1.0% in December from the previous year, government data shows.
BUSINESS / Economy
Feb 6, 2024

Japan’s wage data likely solid enough to keep BOJ policy shift on track

Nominal cash earnings rose 1.0% in December from the previous year with the help of a 0.5% gain in winter bonuses.
The government will extend subsidies worth as much as ¥242.9 billion for Kioxia and Western Digital to expand memory chip production in Mie and Iwate prefectures.
BUSINESS / Tech
Feb 6, 2024

Japan extends subsidies to downturn-hit Kioxia and Western Digital

The funding provides underpinning for the two companies, which have been hammered by a slump in the market for NAND flash chips.
Orienspace's Gravity-1 rocket blasts off from a sea-based platform off the coast of Haiyang, Shandong province, China, on Jan. 11.
BUSINESS / Companies
Feb 6, 2024

China startup aims to close gap with SpaceX on reusable rockets

Reusable rockets are transforming space access, as companies can reuse the most expensive parts of the device with little refurbishment.
Bank of Japan Deputy Gov. Shinichi Uchida says after the bank ends its negative rate policy, financial conditions will remain easy and any policy moves thereafter will occur at a gradual pace.
BUSINESS / Economy
Feb 8, 2024

BOJ's Uchida says sharp hikes unlikely after rates policy shift

Uchida was one of the architects of the bank's current policies and now works closely with Gov. Ueda as an influential member of the BOJ policy board.
A fight over Benefit One is the latest in a growing number of takeover deals in Japan, spurred in part by the Tokyo Stock Exchange pushing for improved corporate governance.
BUSINESS / Companies
Feb 8, 2024

Dai-ichi Life gets Pasona's nod on Benefit One acquisition

The agreement with Pasona Group, which owns 51.16% of Benefit One, is crucial for Dai-ichi to win the battle against digital health care provider M3.
Elon Musk has gone as far as to say that with technological advances, “there will come a point where no job is needed.” Musk revealed his own artificial intelligence chatbot, dubbed Grok, last year.
BUSINESS / Tech
Feb 9, 2024

Firms pausing hiring and axing staff quietly as AI craze persists

While some industry leaders have been outspoken about AI’s potential to transform work, there is caution over citing the new tech as a reason for cuts.
BASEBALL / Japanese Baseball / NPB NOTEBOOK
Feb 9, 2024

Roki Sasaki gets back to business after weeks of speculation about future

After weeks of rampant rumors, the "Monster of the Reiwa Era" is back to the business of baseball, and the MLB questions are back on the shelf for now.
BUSINESS / Companies
Feb 10, 2024

Struggling unit of 7-Eleven's parent company to exit central and northern Japan

The Seven & I Holdings unit will close five of its 17 stores in the regions and hand over 11 to other supermarket operators.
Tetsuro Higashi, the chairman of Rapidus, speaks during an interview in Tokyo in February last year.
BUSINESS / Tech
Feb 10, 2024

Japan earmarks ¥45 billion to fire up chip research at home

The funds are part of a major national push to catch up in semiconductor manufacturing.

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