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Foxconn’s pause in its pursuit of Nissan is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
BUSINESS / Companies
Dec 20, 2024

Foxconn's interest in Nissan said to be on hold amid Honda merger talks

Foxconn’s pause is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
BUSINESS / Companies
Dec 21, 2024

Nippon Steel alleges undue White House influence on doomed deal review

The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel, to the Committee on Foreign Investment in the United States.
Carlos Ghosn
BUSINESS / Companies
Dec 21, 2024

Ghosn says Honda deal talks indicate Nissan in ‘panic mode’

"It’s a desperate move,” the ex-Nissan chief said. "It’s not a pragmatic deal because frankly, the synergies between the two companies are difficult to find.”
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
BUSINESS / Companies
Dec 21, 2024

Honda and Nissan consider mutual production of vehicles, report says

The report added that Honda will also consider supplying hybrid vehicles to Nissan as part of the potential merger, without mentioning the source of the information.
The Bank of Japan headquarters in Tokyo on Thursday
BUSINESS / Economy / FOCUS
Dec 21, 2024

Economists see BOJ's policy review as insufficient

The massive easing policy has caused adverse effects, such as a loosening of fiscal discipline, economists said.
The rise of TikTok has drawn intense scrutiny, particularly over its links to China.
BUSINESS / Tech / FOCUS
Dec 22, 2024

One billion users, but controversies mount up for TikTok

In Washington, the platform has been accused of espionage, while the EU suspects it was used to sway Romania's presidential election in favor of a far-right candidate.
North Korean special forces soldiers march and shout slogans during a military parade marking the 105th birth anniversary of the country's founding father, Kim Il Sung, in Pyongyang in April 2017.
ASIA PACIFIC / Politics
Dec 22, 2024

North Korea aiding Russia where it needs it most, Canadian general says

Pyongyang's provision of troops as well as weapons and munitions that Moscow can't produce fast enough carries a symbolic element.
A container ship transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City last August.
BUSINESS
Dec 22, 2024

Trump demands Panama lower transit fees or return canal

The U.S. completed the 82-kilometer canal through the Central American isthmus in 1914, but ceded it back to Panama in 1999.
Syrians step on posters of Bashar Assad and his father, Hafez Assad, in Homs, Syria, on Tuesday.
WORLD / Politics / FOCUS
Dec 22, 2024

How Bashar Assad's inner circle fled Syria after his fall

The ousted president was accompanied by only a handful of confidants, leaving both family members and loyal aides to find their own means of escape.
Steam rises from a geothermal plan in Yuzawa, Akita Prefecture. Despite its long history and potential, geothermal provided just 0.3% of Japan's overall energy mix in the fiscal year from April 2023
ENVIRONMENT / Energy / OUR PLANET
Dec 22, 2024

Is Japan finally ready to tap its abundant geothermal energy potential?

Japan boasts the world’s third-largest potential supply of geothermal energy, but this renewable energy resource has mostly been untapped.
People gather to view a rocket launch test by AstroX in the city of Minamisoma, Fukushima Prefecture on Nov. 9.
BUSINESS / Companies
Dec 22, 2024

Fukushima startup aiming to launch rocket from flying balloon

Since the method does not require large-scale ground facilities, the cost can be reduced to one-third of that on the ground, according to the company.
Lee Jae-myung, leader of the Democratic Party, casts his vote during an impeachment vote against South Korean President Yoon Suk Yeol at the National Assembly in Seoul  Dec.14.
COMMENTARY / Japan
Dec 22, 2024

A race to the Blue House or the jail house

Since the end of martial law in 1987, there have been eight democratically elected presidents — and all but two of those have either been impeached or imprisoned.
The Japanese antitrust watchdog said that Google forced smartphone makers to preinstall its search app on their devices, sources say.
BUSINESS / Tech
Dec 23, 2024

Japan accuses Google of violating antimonopoly law

The Japanese antitrust watchdog said the U.S. company forced smartphone makers to preinstall its search app on their devices.
U.S. President-elect Donald Trump arrives to speak during Turning Point's annual AmericaFest 2024 in Phoenix on Sunday.
WORLD / Politics / FOCUS
Dec 23, 2024

Trump upending global politics a month before taking office

While it’s not unusual for political leaders at home and abroad to jockey for the ear of an incoming president, the scale of Trump’s pre-inauguration influence is vast.
Writer Baye McNeil and his wife, Miki, host a Kwanzaa gathering in Yokohama together. The end of the year at the McNeil’s home is a mix of several different holiday traditions, including those of Kwanzaa.
COMMUNITY / Voices / Black Eye
Dec 23, 2024

A holiday season built on creativity and care

Fusing African heritage with Japanese spirituality, our columnist crafted a holiday season that celebrates cultural understanding.
The Bank of Japan headquarters in Tokyo. Strategists are now feeling less optimistic on the yen’s outlook after Bank of Japan Gov. Kazuo Ueda opened up the possibility of waiting longer for the next rate hike.
BUSINESS / Markets
Dec 23, 2024

Yen bulls retreat as Fed and BOJ dim hopes of quick narrowing of rate gap

Wide gaps in interest rates could bring back the yen carry trade, in which investors borrow in Japan and deploy the funds in higher-yielding markets.
Dodgers designated hitter Shohei Ohtani reacts to a standing ovation from fans after hitting his 50th home run of the season, against the Marlins in Miami on Sept. 19.
BASEBALL / MLB
Dec 23, 2024

For baseball fans, 2024 brought The Summer of Shohei Ohtani

The superstar was the center of attention for almost a full calendar year during a season straight out of a Hollywood movie.
BOJ Gov. Kazuo Ueda said in July that the central bank’s holdings would decrease by 7% to 8% in about two years’ time, but they are set to stay at higher-than-desirable levels in the long-term.
BUSINESS / Economy
Dec 23, 2024

Japan's bond supply set to reach decade high as BOJ bond purchases slow

The BOJ’s plan to almost halve bond purchases comes as Prime Minister Shigeru Ishiba plans additional spending in an extra budget.
Elbridge Colby (center) speaks at the Threat and the Strategy panel during the Air Force Association Air, Space and Cyber Conference in National Harbor, Maryland, in September 2019.
JAPAN / Politics
Dec 23, 2024

Trump's Pentagon policy pick pushed for Japan to spend 3% of GDP on defense

Elbridge Colby said in an interview earlier this year that Japan is moving at a leisurely pace on defense despite being under threat from China and North Korea.
Here we go again, a Christmas marked by legal battles, evolving traditions, commercial influence, and debates over greetings.
COMMENTARY / World
Dec 23, 2024

There is no war on Christmas. There are many.

As usual, our holiday cornucopia overfloweth with litigation.
Elon Musk has waded into German politics twice in recent days on X.
WORLD / Politics
Dec 23, 2024

Germany’s SPD calls for antitrust act to clip Elon Musk’s power

While Wiese's comments will likely intensify the war of words with the world’s richest person, it’s unclear whether regulators in the U.S. will agree with his proposal.
A vendor selling spy cameras takes a phone call inside his shop at a market in New Delhi. Elaborate Indian weddings are big business, and for some families, the first step of celebration is not to call a priest or a party planner — but a private detective.
ASIA PACIFIC / Society
Dec 23, 2024

Bride, groom, spy: India's wedding detectives

In a country where social customs are changing rapidly, more and more couples are making their own matches.
A close up of EV batteries at the production unit of Inobat, a Slovakian battery maker in Voderady, Slovakia, on Dec. 11
BUSINESS / Tech
Dec 23, 2024

After Northvolt, Europe's battery hopes heavily rely on China

The norm in the future may be joint ventures that rely on China's low-margin electric vehicle battery dominance.
Honda CEO Toshihiro Mibe speaks during a joint news conference with heads of Nissan and Mitsubishi Motors on their merger talks in Tokyo on Monday.
BUSINESS / Companies / ANALYSIS
Dec 24, 2024

Honda crafts Nissan rescue plan that plays out over years

While executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.
A Wall Street sign in front of a U.S. Flag outside the New York Stock Exchange before the Federal Reserve announcement in New York on Sept. 18.
BUSINESS / Markets
Dec 24, 2024

Risks stack up for the global economy in 2025

New spending priorities beckon for national budgets already stretched after the pandemic, from tackling climate change to boosting armies to caring for aging populations.
Minutes from the Bank of Japan's October policy meeting highlight how overseas economic risks, particularly those surrounding the new U.S. administration's policies, will be key to how soon the BOJ will hike rates.
BUSINESS / Economy
Dec 24, 2024

BOJ debated need for caution in raising rates, meeting minutes show

Contrary to its concern over external risks, the BOJ board was mostly optimistic on domestic economic conditions.
"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.
BUSINESS / Companies
Dec 24, 2024

Daiwa aims to raise wages at least 5% next year amid competition for talent

Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden after a U.S. panel on foreign investments was unable to reach a consensus.
BUSINESS / Companies
Dec 24, 2024

Nippon Steel's bid for U.S. Steel referred to Biden for final decision

Committee on Foreign Investment in the United States referred the bid to the U.S. president after failing to reach a consensus.
U.S. President Donald Trump welcomes Canadian Prime Minister Justin Trudeau at the White House in October 2017. Canada, like other nations in the president-elect's crosshairs, is scrambling to blunt the impact of his threat to implement steep tariffs once he re-takes office.
COMMENTARY / World
Dec 24, 2024

The creep of national security threatens the WTO

In Trump's mind, tariffs are the cure-all for virtually everything that ails the United States.
Toyota is negotiating with local authorities and other parties involved to set up a wholly owned production plant in Shanghai in the wake of the Chinese government's foreign investment deregulation.
BUSINESS / Companies
Dec 24, 2024

Toyota eyes solo Lexus EV plant in Shanghai

The automaker, which currently ships Lexus models from Japan to China, intends to put the plant into production as early as around 2027.

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?