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Nippon Steel Vice Chairman Takahiro Mori
BUSINESS / Companies
Aug 30, 2024

Nippon Steel, peers urge Tokyo to curb steel imports from China

China's steel exports rose 24% to 53.4 million tons in the first half of 2024, on track for 100 million tons for the year.
A protestor hold what they called a Stand up to Racism rally in Liverpool, England, on Aug 3. Savvy anti-populists should concentrate their rhetorical fire on populist leaders, rather than on their supporters.
COMMENTARY / World
Aug 30, 2024

The counteroffensive against populism

One lesson from the past few months might sound like a truism: All parties that value democracy must unite to face down anti-democratic threats.
Hyogo Gov. Motohiko Saito (center) attends a session before a prefectural assembly investigative panel on Friday in Kobe, Hyogo Prefecture.
JAPAN / Politics
Aug 30, 2024

Hyogo governor sidesteps accusations of workplace bullying

In the wake of the deaths of two prefectural officials, Gov. Motohiko Saito told an investigative panel that he may have been a "strict boss."
Big Blue head coach Mike Phair (front, right) participates in the X League 2024 Season Kickoff news conference.
MORE SPORTS / Football
Aug 30, 2024

Japan ties guide veteran NFL coach Mike Phair to Big Blue in X League

The Arizona native had long been thinking about rekindling his involvement with Japanese football.
An electric stock board displays the rate of the yen against the U.S. dollar at the Tokyo Stock Exchange in early August.
BUSINESS / Markets
Aug 31, 2024

Yen’s rapid advance pressures earnings once thought easy to beat

With stronger signals coming from the Bank of Japan and Federal Reserve, the yen has gained 3.5% against the dollar since the end of July.
X owner Elon Musk speaks at the 27th annual Milken Institute Global Conference at the Beverly Hilton in Los Angeles in May.
BUSINESS / Tech
Aug 31, 2024

Brazil judge bans X as Elon Musk challenges top court’s orders

The platform's ban caps a monthslong feud between Musk and Supreme Court Justice Alexandre de Moraes, who is spearheading efforts to combat fake news.
A 7-Eleven convenience store, operated by Seven & i Holdings Co., at the company's headquarters in Tokyo
BUSINESS / Companies
Aug 31, 2024

Couche-Tard seeks pension fund backing for Seven & I bid

The retailer is reaching out to some of Canada’s largest pension funds to gauge their interest in providing equity, sources said.
Pedestrians walk past the Financial Services Agency headquarters in Tokyo.
JAPAN
Aug 31, 2024

Over 2.5 million sets of info leaked from four Japan nonlife insurers

Of the total, employees on loan were found to have been involved in about 240,000 cases, including for contracts for corporate customers.
Tetsuro Higashi, the chairman of Rapidus, at the company's headquarters in Tokyo in February 2023
BUSINESS
Aug 31, 2024

Japanese government considering investment in Rapidus

The government apparently hopes the move will help spur private-sector investments in and loans to Rapidus by increasing the company's credibility.
A construction worker in Tokyo's Akasaka district on Aug. 21. With 886 cases, 54 of them fatal, during the period from 2019 to 2023, the construction industry leads Japan’s tally for occupational heatstroke.
BUSINESS / Boiling Point
Sep 1, 2024

Clocking off: Japan’s hotter summers put limit on outdoor work

Climate change is forcing businesses to sacrifice productivity in the name of safety in industries ranging from construction to transportation.
Elon Musk, the owner of X, during an event in November last year. Brazil blocked the social network after Musk refused to comply with a Brazilian judge's orders to suspend certain accounts.
BUSINESS
Sep 1, 2024

Musk’s X goes dark in Brazil after supreme court’s ruling

While the U.S. tends toward strong free-speech protections, many countries are taking aggressive steps to make companies more accountable for their online content.
Officials of the Osaka Municipal Government enter Kobayashi Pharmaceutical's factory, which was closed in December, in the city of Osaka on Tuesday.
JAPAN / Society
Sep 1, 2024

Japan makes supplement health damage reports mandatory

The measure is aimed at enabling administrative authorities to quickly grasp related information and prevent the spread of health damage.
U.S.-based asset manager Artisan Partners asked Seven & I, operator of 7-Eleven stores, to brief shareholders on the status of takeover negotiations with Alimentation Couche-Tard by Sept. 19.
BUSINESS / Companies
Sep 1, 2024

Seven & I shareholder pushes for negotiations with Couche-Tard

U.S.-based asset manager Artisan Partners asked Seven & I to brief shareholders on the status of takeover negotiations by Sept. 19.
The Nafoora oil field in Jakharrah, Libya, on Tuesday
BUSINESS
Sep 1, 2024

Libya’s political feud threatens return of oil supply chaos

The North African nation’s crude output was slashed in half last week amid a fight for control of the central bank.
Kemi Badenoch is the bookmakers’ favorite to win the U.K. Conservative Party leadership contest.
WORLD / Politics
Sep 1, 2024

U.K.’s most Tory district uninspired even as leadership race heats up

Even in the Britain's most Conservative constituency, the former governing party’s contest to choose a new leader is failing to set pulses racing.
Air conditioners are assembled at a unit of Daikin Industries at a plant in Shiga Prefecture in August 2017.
BUSINESS
Sep 1, 2024

Japan air conditioner sales booming amid scorching heat

Households are rushing to buy energy-saving products as replacements to curb soaring electricity bills. Demand in cold regions is also rising.
Koji Yamaguchi, president of Ox Engineering, says Paralympic athletes using the firm's wheelchairs won more than 140 medals in summer and winter games combined between 1996 and 2021.
JAPAN
Sep 2, 2024

Wheelchair-maker in Japan empowering Paralympic athletes

Founded in 1988 as a developer of motorcycle engines and parts, the company switched to the wheelchair business in 1995.
Hong Kong Exchanges & Clearing is following global peers in expanding its derivatives offerings in a bid to boost trading.
BUSINESS / Markets
Sep 2, 2024

A new way of betting on tech stocks is emerging in Hong Kong

The bourse was launching weekly options on the Hang Seng Tech Index, which tracks stocks including Alibaba Group Holding and JD.com that also trade in the U.S.
Job seekers crowd a job fair at Liberation Square in Shijiazhuang, China, in 2018.
BUSINESS / Economy / FOCUS
Sep 2, 2024

New unproductive forces: the Chinese youth owning their unemployment

Urban youth unemployment for the roughly 100 million Chinese aged 16-24 spiked to 17.1% in July, a figure analysts say masks millions of rural unemployed.
Factory activity in China contracted for a fourth straight month in August, with subindexes showing deepening deflationary pressures.
BUSINESS / Economy
Sep 2, 2024

China faces calls for stimulus as growth engines stall amid property woes

Factory activity contracted for a fourth month in August, with subindexes showing deflationary pressures and latest sales figures showing a worsening residential slump.
Concern about the yen strengthening might limit the Bank of Japan's room for maneuver.
BUSINESS / Economy
Sep 2, 2024

Yen calling the shots as BOJ mulls rate increase

Analysts are concerned that the BOJ is at risk of going too far with its rate hikes and that the currency is close to being too strong.
The U.S. has been pressuring Japan to impose additional restrictions on the ability of firms to sell advanced chipmaking tools to China, as part of a long-running campaign to curtail China’s semiconductor progress.
BUSINESS / Economy
Sep 2, 2024

China warns Japan of retaliation over potential new chip curbs

One major concern is that Beijing could cut off Japan’s access to critical minerals that are essential for automotive production.
Britain's Foreign Secretary David Lammy arrives to attend a Cabinet meeting at 10 Downing Street in London on Aug. 6. Lammy said the decision to suspend the licenses did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the ongoing conflict between Israel and Hamas in the Gaza Strip.
WORLD / Politics
Sep 3, 2024

U.K. suspends 30 of its 350 arms export licenses to Israel

The suspension is due to the risk such equipment might be used to commit serious violations of international humanitarian law, its foreign minister David Lammy says.
By using an app, call center workers can practice calming down angry callers.
BUSINESS / Companies
Sep 3, 2024

Japanese companies develop AI tools against 'customer harassment'

Japanese companies are developing artificial intelligence tools to protect call center workers from "customer harassment."
Japan's new prime minister may want to consider setting a budget surplus-to-gross domestic product target to ensure that the nation stays in the black, government adviser Takero Doi has said.
BUSINESS / Economy
Sep 3, 2024

Japan’s new prime minister must set fresh fiscal target, adviser says

Setting such a target would help bring down Japan’s public debt-to-GDP ratio, government adviser Takero Doi has said in an interview.
U.S. Vice President Kamala Harris, the Democratic presidential nominee, speaks during a campaign event she attended with U.S. President Joe Biden at IBEW Local Union 5 in Pittsburgh on Monday.
BUSINESS
Sep 3, 2024

Harris says U.S. Steel should remain American owned and run

It’s not clear whether a decision on the takeover will land on U.S. President Joe Biden’s desk or that of his successor — or even if it will proceed at all.
In the first quarter of fiscal 2024, the combined profits at both the manufacturing and nonmanufacturing sectors marked record highs.
BUSINESS / Companies
Sep 3, 2024

Japanese companies mark record combined profits in April-June

Nonfinancial companies' internal reserves at the end of fiscal 2023 grew 8.3% from a year earlier, topping ¥600 trillion for the first time.
A washed-up boat on the shore of the city of Ibusuki, Kagoshima Prefecture, on Friday
JAPAN / Society
Sep 3, 2024

Typhoon-chaser's firsthand account of his pursuit of Shanshan

James Reynolds, who has built a career of venturing into the eye of nature's most ferocious storms, braved the elements as the cyclone bore down on Japan.
Tech billionaire Elon Musk in Washington on July 24
BUSINESS / Tech
Sep 3, 2024

Musk to celebrate Meloni as Italy eyes space sector investment

The two are also scheduling a closed-door conversation to discuss investment opportunities in Italy’s space and artificial intelligence sectors.
Australian Foreign Minister Penny Wong
BUSINESS
Sep 3, 2024

Australia firms should invest in Southeast Asia, foreign minister says

Southeast Asia is expected to be the world’s fourth-largest economy by 2040 with an expanding population.

Longform

A sinkhole in Yashio, which emerged in January, was triggered by a ruptured, aging sewer pipe. Authorities worry that similar sections of infrastructure across the country are also at risk of corrosion.
That sinking feeling: Japan’s aging sewers are an infrastructure time bomb