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January 24, 2025
 

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Chipmaker Kioxia, formerly Toshiba Memory, is reportedly targeting a December IPO.
BUSINESS / Markets
Nov 21, 2024

Chipmaker Kioxia to receive market listing approval, sources say

Bain-backed Kioxia will have a market value of about ¥750 billion ($4.84 billion) based on the indicative price for its initial public offering.
Gautam Adani has been charged in the U.S. with paying hundreds of millions of dollars in bribes and hiding the payments from investors.
BUSINESS / Companies
Nov 21, 2024

Indian billionaire Gautam Adani charged in U.S. with bribery

The billionaire chair of Indian conglomerate Adani Group has been indicted in New York over his role in a $265 million bribery scheme.
A Honda electric vehicle at the Beijing International Automotive Exhibition in April. Honda is investing ¥43 billion ($277 million) in an all-solid-state battery production line in Tochigi Prefecture.
BUSINESS / Tech
Nov 21, 2024

Honda hopes to double EV driving range with solid-state batteries

Such batteries will replace liquid-state lithium-ion batteries currently in use, Honda R&D chief Keiji Otsu says.
A rocket is launched from the Cape Canaveral Air Force Station in Florida to put an experimental space plane into orbit for the U.S. military. Washington is adopting a multipronged strategy to address security threats in space.
COMMENTARY / World / Geoeconomic Briefing
Nov 21, 2024

Biden’s track record in boosting U.S. space security

Japan needs to keep working with the U.S. to ensure growing threats from China and Russia in the space domain are met with the necessary security measures.
Japan's core inflation held above the Bank of Japan's 2% target in October, keeping pressure on the central bank to raise its still-low interest rates.
BUSINESS / Economy
Nov 22, 2024

Inflation held above BOJ target in October, supporting winter rate hike

Food companies raised the prices of 2,911 items, with processed food prices increasing by 3.8% while rice prices rose 60%.
Linda McMahon speaks during an event in Milwaukee, Wisconsin, in July.
WORLD / Crime & Legal
Nov 22, 2024

Trump’s education secretary pick named in sexual abuse lawsuit

The suit says Linda McMahon and her husband were aware of credible abuse accusations against their ringside announcer and ring crew chief but tolerated him anyway.
British-born Daniel Calvert earned his third Michelin star last month — a stunning achievement considering his restaurant, Sezanne, has only been open for just over three years.
LIFE / Food & Drink
Nov 24, 2024

Tokyo’s newest three-star chef wants ‘harmony across every detail’

Daniel Calvert has managed to reach the pinnacle of the culinary world just three years after opening fine French dining restaurant Sezanne.
Indian billionaire Gautam Adani speaks during an event in Haifa port, Israel, in January 2023.
BUSINESS / Companies
Nov 22, 2024

How an Indian billionaire's alleged bribery scheme took off and unraveled

Gautam Adani allegedly decided to bribe local officials to persuade them to buy 8 gigawatts of solar electricity.
The policy chiefs of the Democratic Party for the People, Liberal Democratic Party and Komeito — Makoto Hamaguchi (left), Itsunori Onodera (center) and Mitsunari Okamoto — shake hands after reaching an agreement on an economic stimulus package on Wednesday.
BUSINESS / Economy
Nov 22, 2024

Japan approves ¥21.9 trillion stimulus plan

Combined with expected spending from the private sector, this year’s package is estimated to add a total of ¥39 trillion to the economy.
Mitsubishi UFJ Financial Group is investigating the incident and consulting with the police.
JAPAN / Crime & Legal
Nov 22, 2024

MUFG fires worker over ¥2 billion theft from clients’ safe deposit boxes

The theft by a front-line employee responsible for managing the safe deposit boxes took place at two branches in Tokyo over 4½ years.
With its initial public offering, Kioxia is valuing the company at ¥750 billion.
BUSINESS / Companies
Nov 22, 2024

Japan chipmaker Kioxia IPO set for next month

Formerly the semiconductor unit of Japanese engineering giant Toshiba, the company is the world's third-largest producer of NAND flash memory chips.
Drivers claimed they experienced "phantom" activations of the systems at low overpasses, parking garages and railroad crossings, instead of when collisions might be imminent.
BUSINESS / Companies
Nov 23, 2024

Nissan persuades U.S. court to decertify brake defect class actions

The company was accused of selling cars with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason.
High-end wagyu products from Japan are sold at prices about 2.5 times those of U.S. and Australian wagyu, according to Japan's Agriculture and Livestock Industries Corp.
BUSINESS
Nov 23, 2024

JETRO draws up guidelines for wagyu labeling in U.S.

The move by JETRO comes as wagyu is not necessarily recognized as being of Japanese origin in the United States.
A waterway along a portion of the Mekong River where a groundbreaking ceremony took place to begin construction on the Funan Techo Canal, in Prek Takeo, Cambodia, in October.
ASIA PACIFIC
Nov 23, 2024

Cambodia's flagship canal in hot water as China funding dries up

Months after a groundbreaking ceremony for a major canal project in Cambodia, touted investments from China are in doubt.
A Nihon Kotsu Co. taxi departs one of the company's service offices in Tokyo.
JAPAN / Society
Nov 23, 2024

Japan to aid introduction of multilingual ride-hailing apps

With the number of inbound visitors rapidly increasing, rural areas are facing the urgent challenge of securing transportation options for tourists.
Workers install a battery for a new electric vehicle model at Mitsubishi Motor's factory in Kurashiki, Okayama Prefecture.
BUSINESS
Nov 23, 2024

Trump tariffs may target Japanese cars, economist says

The Moody's Analytics economist warned that this poses a huge risk to the Japanese economy.
A 7-Eleven convenience store in Tokyo
BUSINESS
Nov 23, 2024

Seven & I founding family sounded out KKR and others about buyout: report

In addition to KKR, the founding Ito family also approached Bain Capital and Apollo Global Management.
Tehran's illuminated city skyline on Sept. 20. 2019
WORLD / Politics
Nov 24, 2024

Iran braces for Trump reset with economy buckling from sanctions

With Iranians struggling with economic hardship after years of sanctions, its leaders are signaling they’re keen to establish a different relationship this time around.
Gautam Adani, whose role as chairman and founder of India's Adani Group has made him one of the world's richest people, in Boston on Oct. 28, 2022.
WORLD / Politics
Nov 25, 2024

Adani charges to test Trump’s desire to keep India in U.S. orbit

The case against Gautam Adani is yet another reminder of the long reach of U.S. law — one that can affect both friends and foes around the world.
China is on track for a record trade surplus that could reach almost $1 trillion this year.
BUSINESS / Economy
Nov 25, 2024

Chinese exports to hit record this year before second Trump term

Exports already started off this quarter with the fastest growth since July 2022.
U.S. President-elect Donald Trump approaches to embrace Donald Trump Jr. at his campaign rally in Pittsburgh, Pennsylvania, on Nov. 4.
WORLD / Politics
Nov 25, 2024

Trump's son helping him pick most controversial Cabinet of modern times

Donald Trump Jr. is helping contenders sink or rise to the fore, according to a half dozen sources with knowledge of his role.
People take pictures of an Ito-Yokado store in Kasukabe, Saitama Prefecture, that closed on Sunday.
BUSINESS / Companies
Nov 25, 2024

Ito-Yokado closes store that inspired 'Crayon Shin-chan' supermarket

Many customers and fans gathered and gave applause and words of gratitude when the store was closed.
Saudi Crown Prince Mohammed bin Salman addresses the joint extraordinary leaders summit of the Organization of Islamic Cooperation (OIC) and the Arab League in Riyadh on Nov. 11.
WORLD / Politics
Nov 25, 2024

Mohammed bin Salman’s style shift sets up a new world order strategy

The implications of Saudi Arabia’s transformation under Crown Prince Mohammed bin Salman will reverberate far beyond the kingdom’s borders for decades to come.
The Keikyu Line in Yokohama
BUSINESS / Companies
Nov 25, 2024

Japan’s rail stocks soar on Keisei Electric activist stake news

Keisei’s stock jumped over 18%, its sharpest intraday rise since October 2008, with Keikyu climbing more than 16%.
Dai Nippon Printing said that Elliott Investment Management looks to have substantially reduced its position in the company.
BUSINESS / Companies
Nov 25, 2024

Dai Nippon Printing says Elliott has sold most of its stake

Elliott has been active in Japan this year, investing in Tokyo Gas, Sumitomo, SoftBank Group and Mitsui Fudosan.
An employee of Trex stands with bales of used plastic, which the company recycles into decking material.
ENVIRONMENT / Sustainability
Nov 25, 2024

Can the world unite to end the plastic pollution crisis?

The rising toll of plastic in the environment is impossible to ignore.
Hiromi Yamamoto
ESG CONSORTIUM
Nov 25, 2024

Oji seeks optimal approaches to nurturing and utilizing forests

Oji Holdings, Japan’s leading paper maker, owns and manages 635,000 hectares of forests across the globe. Forest resources — for wood, paper and wood-derived materials or for biomass power generation — are attracting increased attention as sustainable resources. However, their sustainability hinges...
According to Similarweb, average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October.
BUSINESS / Companies
Nov 25, 2024

Bluesky is booming in Japan — mainly for reasons other than U.S. politics

Average monthly user numbers for Bluesky on Android in Japan quintupled in the 12 months to October, while figures for X were down over that time.
Mercari signage at the company's office in Tokyo in September 2020.
BUSINESS / Companies
Nov 25, 2024

Mercari to enhance item verification process to check frauds

The company has been criticized on social media for not responding appropriately to sellers' complaints that different items from what they sold were returned by buyers.
Four House Republicans wrote to Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo on Friday, saying that recent developments related to the Committee on Foreign Investment in the United States (CFIUS) "have called into question the integrity of its decision-making process,” and demanding the preservation of records related to a potential sale of U.S. Steel to Japan's Nippon Steel.
BUSINESS / Companies
Nov 26, 2024

U.S. Steel review targeted by Republicans for potential probe

GOP lawmakers are calling on U.S. President Joe Biden’s administration to preserve documents related to the proposed sale to Japan's Nippon Steel.
U.S. Osprey accidentally drops cargo into sea in Okinawa
A V-22 Osprey
Search for suspect underway after fatal stabbing at Nagano Station
The crime scene where three people were attacked near JR Nagano Station on Wednesday
Large fire breaks out near Osaka's Tsutenkaku Tower
Smoke rises from a fire at a commercial building near Tsutenkaku Tower, in Osaka, on Tuesday.
Fuji TV scandal sparks probes on exploitation within TV industry
Fuji Media Holdings' headquarters in Tokyo's Minato Ward. The company will hold an extraordinary board meeting on Thursday over the firestorm sparked by TV host Masahiro Nakai's alleged sexual misconduct.
Drunken driver hits and kills 19-year-old student in Fukushima
Fukushima Prefectural Police have arrested an alleged drunken driver who fatally struck a 19-year-old in Fukushima Prefecture.
Dodgers introduce Japanese pitching phenom Roki Sasaki
Dodgers pitcher Roki Sasaki speaks during his introductory news conference with the team in Los Angeles on Wednesday.
Japan-made games part of a rising tide of indie greatness
One of the brighest spots of Japan's indie gaming landscape in 2024 was Sonokuni, and with more incubators and other avenues of support springing up, there may be more games like it in the future.
Terunofuji’s career was unique — and great
Yokozuna Terunofuji enters the ring at Ryogoku Kokugikan in Tokyo earlier this month during what would be his final tournament.
Fuji TV scandal sparks probes on exploitation within TV industry
Fuji Media Holdings' headquarters in Tokyo's Minato Ward. The company will hold an extraordinary board meeting on Thursday over the firestorm sparked by TV host Masahiro Nakai's alleged sexual misconduct.
For kids, Japanese food ‘is a doorway to exploration’
"A Very Asian Guide to Japanese Food" is the first edition of the Asia-centric series to focus on rice balls, fermented soybeans and other Japanese staples.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Atsuyoshi Koike, the president and CEO of Rapidus, says there is a “sense of urgency” when it comes to Japan’s efforts in manufacturing semiconductors. “We have to make sure we are successful,” he says.
Atsuyoshi Koike’s big game: Fourth down and 2 nanometers to go
By Kazuaki Nagata and Richard Meyer

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