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May 12, 2025
 

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GLOBAL

Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
BUSINESS / Economy
May 11, 2025
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
The U.S. is an important market for the Japanese automobile industry, accounting for about 20% of its total car exports in terms of volume and about 30% in terms of value.
U.S. Treasury Secretary Scott Bessent takes questions at the White House on April 29. Bessent, a former hedge fund manager, is leading trade talks with China in Geneva.
BUSINESS / Economy
May 11, 2025
U.S. and China conclude first day of talks in bid to ease trade war
U.S. President Donald Trump said negotiators had "a very good meeting” on their first day of an effort to deescalate the rivals' trade war.
U.S. Treasury Secretary Scott Bessent leaves his hotel for a meeting with Chinese officials on tariffs in Geneva on Saturday.
BUSINESS / Economy
May 10, 2025
U.S. and China begin talks in bid to 'de-escalate' trade war
The talks were the first between the world's two largest economies since U.S. President Donald Trump slapped steep new levies on China last month.
U.S. President Donald Trump makes a trade announcement as U.S. Secretary of Commerce Howard Lutnick (second from left), U.S. Vice President JD Vance (third from left), British Ambassador to the United States Peter Mandelson (third from right), U.S. Trade Representative Jamieson Greer (second from right) and U.S. Secretary of Agriculture Brooke Rollins (right) look on in the Oval Office of the White House in Washington on Thursday.
BUSINESS / Economy / ANALYSIS
May 10, 2025
Trump’s first trade pact offers faint glimpse of art of the deal
For global leaders puzzling over how to negotiate with Donald Trump, the U.S. president’s inaugural pact with the U.K. offers a few clues on how much ground he’s prepared to give.
The consumption and investing habits of the world's richest 10% consume and invest has substantially increased the risk of deadly heat waves and drought around the world, according to new research.
ENVIRONMENT / Climate change
May 8, 2025
World's richest 10% caused two-thirds of global warming, study finds
How the rich consume and invest has substantially increased the risk of deadly heat waves and drought.
Fed Chair Jerome Powell said that at this point, it isn't clear if the economy will continue its steady pace of growth, or wilt under mounting uncertainty and a possible coming spike in inflation.
BUSINESS / Economy
May 8, 2025
Fed sees rising risks to economy as it leaves rates unchanged
With so much uncertainty over Trump's tariff moves, Fed Chair Jerome Powell said "It's really not at all clear what it is we should do."
In a world where capital and rich individuals can cross borders freely, only international cooperation can ensure that multinational corporations and the superrich are fairly taxed.
COMMENTARY / World
May 7, 2025
America is becoming the world’s largest tax haven
Trump is turning the U.S. into a tax haven by weakening enforcement, deregulating crypto and abandoning international tax cooperation, favoring secrecy and the ultrarich.
The global shipping industry is also contending with U.S. measures beyond the barrage of levies.
BUSINESS / Markets
May 7, 2025
World’s trade superhighway feels strain from U.S.-China decoupling
Among signs of disruption are plunging fees, fewer services and a pall of uncertainty over what for decades has been one the main maritime highways of the global economy.
The United Nations General Assembly Building in New York in 2015. An internal U.N. document shows the U.S. is opposing draft reforms of the world's financial system intended to help developing countries.
WORLD / Politics
May 6, 2025
U.N. document shows U.S. seeks to weaken global development finance efforts
It opposes draft reforms of the world's financial system intended to help developing countries, including around taxation, credit ratings and fossil fuel subsidies.
Workers operate sewing machines at a Thai Son S.P. garment factory in Binh Thuan province, Ho Chi Minh City, Vietnam, on April 10. For more than 70 years, many emerging nations, especially in Asia, have become the low-cost manufacturer to the U.S., the world’s biggest consumer.
BUSINESS / Economy
May 5, 2025
Global factories struggle to overcome Trump tariffs and uncertainty
Purchasing manager indexes across Asia, along with revised numbers in Europe, showed new or persisting contractions in factory activity in April.
U.S. Treasury Secretary Scott Bessent (right) speaks during an Oval Office meeting on April 24 with President Donald Trump, Secretary of State Marco Rubio and Norwegian Prime Minister Jonas Gahr Store (not pictured) to discuss tariffs.
COMMENTARY / Japan
May 4, 2025
A turning point in trade: The U.S. effort to reverse global imbalances
This large trade imbalance is also the primary driver of the U.S. current account deficit, largely due to the gap in goods trade.
A woman takes part in an OpenNyAI field trial in Bengaluru, India, in April 2023. The AI trial was aimed at helping some of the nation’s poorest people access money from government anti-poverty programs.
COMMENTARY / World
Apr 30, 2025
Will AI close or widen the development gap?
The social, economic and political effects of AI will not naturally bend toward inclusion or equity across the global economy.
U.S. President Donald Trump and Chinese leader Xi Jinping attend the Group of 20 leaders summit in Buenos Aires in December 2018. Instead of appeasing dictators and shredding alliances, the U.S. should beef up its network of partners. Alone, it won’t emerge victorious from the rivalry with Beijing.  
COMMENTARY / World
Apr 29, 2025
How to make America truly 'great again'
Instead of trying to go it alone, Washington should fix its internal problems and build up its external alliances if it wants to come out on top of the competition with China.
Liberal Democratic Party Policy Chief Itsunori Onodera (center) speaks at a think tank event Monday in Washington.
JAPAN / Politics
Apr 29, 2025
Japan worries Trump tariffs will push countries toward China
Many nations are looking to negotiate with the U.S. over the Trump administration’s reciprocal tariffs, which could undermine security in the region.
U.S. President Donald Trump signs an executive order in the Oval Office on Wednesday. His push for quick wins through tariffs and other measures is risking trade turmoil with key allies like Japan.
COMMENTARY / World / Geoeconomic Briefing
Apr 28, 2025
Is there a method behind the Trumponomics madness?
Washington’s policies are treading and often crossing a fine line between political jostling and economic strategizing.
Digital screens at Piccadilly Circus display an advertisement for the Jaguar Type 00 concept car in London on Dec. 5, 2024.
BUSINESS / Economy
Apr 28, 2025
Advertising giants brace for tariff-induced cuts to ad spending
The car industry, one of the sectors most vulnerable to a trade war, is likely to lead the way in curtailing ad spend.
World Bank Group President Ajay Banga speaks during an interview at the IMF-World Bank Group spring meetings at IMF headquarters in Washington on Friday.
BUSINESS / Economy
Apr 26, 2025
Developing countries should fast-track U.S. trade deals, World Bank chief says
"You need to negotiate trade systems with the U.S. at the earliest possible (opportunity)," Ajay Banga said. "If you delay, it hurts everyone."
Without a coordinated international response to U.S. President Donald Trump's tariffs, growing uncertainty could lead to a fragmented global economy marked by slower growth and chronic instability.
COMMENTARY / World
Apr 25, 2025
Trump’s tariff chaos could reverse 80 years of economic progress
U.S. President Donald Trump’s trade policies are undermining the rules-based system established after World War II.
U.S. President Donald Trump speaks at the White House in Washington on Thursday.
BUSINESS / Economy
Apr 25, 2025
Trump’s trade whiplash sinks world into dreaded ‘uncertainty’
"The worry I hear more often is actually not even tariffs, it is uncertainty,” IMF Managing Director Kristalina Georgieva told reporters Thursday. "Let’s have clarity.”
A worker labors on a spinning machine at a factory in Solo, Central Java, Indonesia in September 2019. For Indonesia, China’s trade power means lost jobs and hard choices.
COMMENTARY / World
Apr 24, 2025
Asia would welcome trade deals that exclude China
The real cost to developing countries of China’s trade practices runs deeper: lost jobs can be counted, but missed opportunities can’t.
Global militaries to study India-Pakistan fighter jet battle
The Indian Air Force's Rafale fighter jets. India and Pakistan aircraft engaged in a dogfight on Wednesday.
Escalation fears rise in Japan following Chinese moves near Senkakus
A Japan Coast Guard vessel sails in front of Uotsuri island, one of the Japanese-controlled Senkaku Islands. Concerns are growing in Tokyo after a Chinese government helicopter violated Japan's airspace around the uninhabited islets.
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
As prices soar, Zen-Noh ships just 32% of government-stockpiled rice
A customer walks past a display of rice, with a sign apologizing to shoppers they must be limited to one bag each due to market conditions, at a branch of Japanese discount retailer Don Quijote in Tokyo's Shibuya Ward on April 21.
Emperor emeritus diagnosed with silent myocardial ischemia
Emperor Emeritus Akihito, 91, rides in a car with Empress Emerita Michiko, 90, after he was discharged from the University of Tokyo Hospital on Saturday following an examination for suspected myocardial ischemia.
Who could become Japan's next prime minister?
Clockwise from top left: Former economic security minister Sanae Takaichi, former economic security minister Takayuki Kobayashi, Finance Minister Katsunobu Kato and Chief Cabinet Secretary Yoshimasa Hayashi
With a new Shibuya studio, Apple Music bets big on Japan
Apple Music personalities (from left) Ebro Darden, Kentaro Ochiai, Zane Lowe and Mino came together for a special recording in late April to discuss music and celebrate the newly opened Apple Music studio in Tokyo.
Kazuki Nagasawa's sustainable designs are rooted in tradition
For centuries, artisans have unraveled strands of the fibrous bark of "shuro" trees to create a medley of everyday objects. Designer Kazuki Nagasawa is now transforming the traditional material into ethereal contemporary pieces.
SusHi Tech Tokyo 2025 expands to become one of Asia's largest startup events
SusHi Tech Tokyo 2025 was bustling with participants of various nationalities Thursday, and multiple languages could be heard around the room as many engaged in conversations throughout the day.
Celebrating Japan’s defeat at Shimoda’s Black Ship Festival
Tatsumi Onose (right), who plays the part of Commodore Matthew Perry in Shimoda's Black Ship Festival, says the historical episode the event is based on should be remembered for its positives more than its negatives.

Podcast

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

Longform

Dangami House is a 180-year-old former samurai residence of the Kato clan, who ruled over Ozu, Ehime Prefecture, until the Meiji Restoration.
A house, a legacy and the quiet work of restoration in rural Japan
By Hanako Lowry

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