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Japan's core inflation slowed in September due to the rollout of energy subsidies.
BUSINESS / Economy
Oct 18, 2024

Japan’s inflation slows for first time since April

The slowdown in price gains largely hangs on government subsidies.
Ubitus, which received funding from Nvidia earlier this year, joins a growing list of tech companies at the forefront of a global revival in nuclear power.
BUSINESS / Companies
Oct 18, 2024

Nvidia-backed firm eyes a data center near nuclear power in Japan

The Nvidia-backed company Ubitus joins a growing list of tech companies at the forefront of a global revival in nuclear power.
Alimentation Couche-Tard and Seven & I Holdings directly compete in thousands of locations across the United States, with more than 45% of Circle Ks within two miles of a 7-Eleven or related store.
BUSINESS / Companies
Oct 18, 2024

Couche-Tard’s 7-Eleven overlaps to face skeptical U.S. FTC review

More than 45% of Circle Ks are within two miles of a 7-Eleven or related store.
A customer shops for tomatoes at the vegetable section of a supermarket in Beijing on Thursday.
BUSINESS / Economy
Oct 18, 2024

China's third-quarter GDP hits weakest pace since early 2023

Authorities have sharply ramped up policy stimulus, but markets are waiting for a clearer road map to put the economy back on a solid longer-term footing.
Bank of Japan Gov. Kazuo Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
COMMENTARY / Japan
Oct 18, 2024

The yen pays the price for a timid Bank of Japan

Ueda can point to Washington all he wants, but his inability to settle on a consistent message is part of what ails his nation's currency.
China has shifted the economic narrative. The country's rapid growth and production under a repressive regime challenges the idea that good institutions are necessary for wealth.
COMMENTARY / World
Oct 18, 2024

Beijing’s success is a conundrum for Nobel winners

China has shifted the economic narrative. The country's rapid growth under a repressive regime challenges the idea that good institutions are necessary for wealth.
Sanzo K. Matsunaga’s Akutagawa Prize-winning novel “Bari Sanko” centers on two men involved in an office hiking club. One is into dangerous off-path trekking, the other is more of a by-the-book conformist.
CULTURE / Books
Oct 19, 2024

Akutagawa winner ‘Bari Sanko’ takes office politics to the mountains

Though the plot takes time to get going, Sanzo K. Matsunaga’s novel takes a nuanced look at the implications of being an independent thinker in Japan’s corporate culture.
The Tokyo Electron logo is displayed at the Semicon Japan exhibition in Tokyo last December.
BUSINESS / Tech
Oct 19, 2024

Japan pressed by U.S. lawmakers to strengthen chip curbs on China

China remains a crucial and lucrative market for all chip toolmakers, and officials in Tokyo and the Hague are cautious about imposing more restrictions.
Interest on the federal debt exceeded $1 trillion for the first time in fiscal 2024 while spending grew for the Social Security retirement program, health care and the military, the Treasury Department said Friday.
BUSINESS / Economy
Oct 19, 2024

U.S. budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record

The deficit for the year ended Sept. 30 was up 8%, or $138 billion, from the $1.695 trillion recorded in fiscal 2023.
A Tokyo Electric Power Co. employee opens a watertight door inside the Unit 7 reactor building at the Kashiwazaki-Kariwa nuclear power station in Kashiwazaki, Niigata Prefecture, on Aug. 6.
JAPAN / FOCUS
Oct 19, 2024

Japan shifting back to nuclear to ditch coal and power AI

Kashiwazaki-Kariwa, the world's biggest nuclear plant, could help Japan cut carbon emissions while also powering artificial intelligence.
Yokohama-based Fuji Soft held a board meeting on Friday and decided to stick with KKR’s tender for its shares despite receiving a higher bid from Bain Capital.
BUSINESS / Companies
Oct 20, 2024

Fuji Soft sticks with KKR despite higher takeover offer from Bain

The special committee advising Fuji Soft said it would be difficult for Bain to take the company private, according to a statement.
Indonesia's new leader, Prabowo Subianto, arrives for his presidential inauguration ceremony in Jakarta on Sunday.
ASIA PACIFIC / Politics
Oct 20, 2024

Prabowo Subianto, a former general, sworn in as Indonesian president

The inauguration marks a noteworthy comeback for a man who faced Western-imposed sanctions and had two failed election bids against Widodo, the man he is now replacing.
An electric stock board at the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo on April 19
BUSINESS / Markets
Oct 21, 2024

Asian IPOs set for blockbuster week as ‘animal spirits’ return

Asian markets are seeing a return of "animal spirits," or changes in market behavior often driven by emotions.
The Taiwan Semiconductor Manufacturing Co. campus in Hsinchu, Taiwan, on July 16. The incessant demand for electricity that the artificial boom is placing on chipmakers such as TSMC has made opposition to nuclear power harder to maintain.
BUSINESS / Tech
Oct 21, 2024

Taiwan signals openness to new nuclear tech amid surging AI power demand

Premier Cho Jung-tai's comments underscore what appears to be a shift by a government that has opposed using nuclear power for safety reasons.
An airplane specially painted with the theme of Tokyo DisneySea's Fantasy Springs area
BUSINESS / Companies
Oct 21, 2024

JAL unveils plane themed on Tokyo DisneySea's new area

The plane, which features characters from the Disney movies "Frozen," "Tangled" and "Peter Pan," will mainly fly on domestic routes until November next year.
The Zeekr Mix at the Beijing Auto Show
BUSINESS / Tech
Oct 21, 2024

Mixing hotpot with horsepower. Have Chinese car gimmicks gone too far?

A recent Zeekr campaign underscores the lengths Chinese EV makers will go to to stand out in an ultracompetitive market.
International Monetary Fund (IMF) and World Bank Fall meetings signage outside the IMF headquarters in Washington on Sunday
BUSINESS / Economy
Oct 21, 2024

As poor nations' default wave peaks, a cash shortage could replace it

The issue, and what to do about it when Western countries are increasingly loath to send money overseas, is a key topic at the IMF World Bank autumn meetings this week.
The emotional impact of constant news about wars and disasters is weighing heavily on many in the younger generations, causing them to seek ways to cope with their distress and anxiety.
COMMENTARY / World
Oct 21, 2024

Is the apocalypse making you too anxious to work?

A poll reveals that a significant portion of the Gen Z and millennial generations feel unable to function at work due to distress over current events.
Since the Abu Dhabi takeover in 2008, Manchester City has gone from a middling team to winning six of the last seven Premier League titles, an unprecedented success in over 130 years of English soccer.
COMMENTARY / World
Oct 21, 2024

Soccer needs to avoid a tyranny of the rich

A dispute between the Premier League and Manchester City has both sides claiming victory.
Items confiscated by police in connection with several girls bars in Tokyo that operated without authorization in violation of the adult entertainment business law
JAPAN
Oct 21, 2024

17 Vietnamese women arrested over illegal girls bars in Tokyo

The Metropolitan Police Department has received a total of 23 complaints since 2020 about the five bars where the women were arrested.
High construction costs due to rising material and labor costs continue to push up sales prices of new condominiums.
BUSINESS / Economy
Oct 22, 2024

Tokyo-area condo price hits new high in first half of fiscal 2024

The average price in the area, which includes Tokyo, Saitama, Kanagawa and Chiba, rose 1.5% from ¥78.36 million a year earlier.
Built by Russian energy giant Gazprom, the pipeline from Comprehensive Gas Treatment Unit No.3 runs about 3,000 kilometers from the Chayandinskoye and Kovyktinskoye gas fields in the coldest part of Siberia to Blagoveshchensk, near the Chinese border.
BUSINESS / Markets
Oct 22, 2024

China overtaking Europe as top market for Russia’s pipeline gas

Russia’s Gazprom exported 23.7 billion cubic meters of natural gas to China in January-September, compared with 22.5 billion cubic meters to European customers.
The Palletrone, an aerial transportation platform developed by Mobile Robotics Lab at Seoul National University of Science and Technology (Seoul Tech)
BUSINESS / Tech
Oct 22, 2024

South Korea team showcases drone that serves as 'flying shopping cart'

The broader focus is on applications that would use a drone with reliable horizontal stability without pitching and rolling.
Equinor's bid underscores the focus some wind players are putting on Japan even as they scale back elsewhere.
BUSINESS / Companies
Oct 22, 2024

Norway's Equinor tries again for a Japan offshore wind lease, sources say

A latecomer to offshore wind, Japan wants to build up to 45 gigawatts of capacity by 2040, which would make it a top-five offshore wind market.
Tournament Director Stephen Farrow (far left) and others pose with United Cup trophy at the draw for the competition in Sydney on Oct. 21.
TENNIS
Oct 22, 2024

United Cup is here to stay, says tournament director

The tournament kicks off its third edition in Perth on Dec. 27, just 33 days after the Davis Cup finals conclude in Spain.
China's strategic government support has enabled it to lead in the production and supply chains for renewable technologies, including wind turbines, solar panels and electric vehicles.
COMMENTARY / World
Oct 22, 2024

What happens when China becomes the green tech superpower?

What should be of more concern is the “soft power” that Beijing will acquire by mastering the green tech sector.
Honda CR-V sports utility vehicles bound for shipment at a port in Yokohama in May 2022. Honda is recalling more than 720,800 vehicles in the U.S. over concerns that a high-pressure fuel pump may crack and leak fuel, the National Highway Traffic Safety Administration has said.
BUSINESS
Oct 23, 2024

Honda recalling 780,000 vehicles in North America on fuel pump concern

The recall includes certain Accord, CR-V Hybrid and Honda Civic vehicles from model years 2023-25, the National Highway Traffic Safety Administration has said.
A woman sits in front of the New York skyline in Hoboken, New Jersey, on June 23.
BUSINESS / Economy
Oct 23, 2024

U.S. remains engine of global growth in latest IMF forecasts

In its latest World Economic Outlook, the IMF raised its 2024 and 2025 economic growth forecasts for the U.S.
The International Monetary Fund headquarters during its spring meetings together with the World Bank Group in Washington in April 2023.
BUSINESS / Economy
Oct 23, 2024

IMF lowers global growth forecast for 2025, warning of growing risks

Global output will expand 3.2%, 0.1 percentage point slower than a July estimate, while inflation will slow from 5.8% in 2024 to 4.3% next year.
Taiwan Semiconductor Manufacturing Company notified the U.S. that one of its chips had been found in a Huawei product, revealing a possible violation of export restrictions on the Chinese company.
BUSINESS / Tech
Oct 23, 2024

TSMC told U.S. of chip in Huawei product after TechInsights finding, source says

The revelation could show how difficult enforcing export controls can be for both companies making highly desired products and regulators.

Longform

Eme-Ima Kitchen is one of over 10,000 kodomo shokudō in Japan. A term first used in 2012 to describe makeshift eateries offering free or cheap meals to disadvantaged kids, it now refers to a diverse range of individuals, groups and organizations working to provide not only food but a sense of belonging to both children and adults.
Japan’s ‘children’s cafeterias’ are booming — but is that a good thing?