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August 30, 2025
 

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TARIFFS

Honda said its net profit halved in the first quarter because of U.S. tariffs, but upgraded its annual profit forecast after Tokyo finally hammered out a trade deal with Washington.
BUSINESS / Companies
Aug 6, 2025
Honda raises annual profit guidance despite U.S. tariff impact
The upward revision to operating profit was because of the tariff level and foreign exchange outlook, according to Honda.
LDP lawmaker Ken Saito
BUSINESS / Economy
Aug 6, 2025
Japan ruling party heavyweight warns against BOJ rate hike
The remark highlights the political pressure the BOJ could face in resuming rate hikes as higher U.S. levies hurt corporate profits.
National flags line a street to mark Swiss national day in Geneva, Switzerland, on Friday, when U.S. President Donald Trump announced he will impose a 39% tariff on imports from Switzerland, one of the steepest levies globally that threatens to leave the country’s key exports reeling.
BUSINESS / Economy
Aug 6, 2025
Switzerland’s go-it-alone approach tested by Trump tariff shock
For the pro-EU voices in Switzerland, the chaotic back and forth with the U.S. on trade will give them fresh reason to push the benefits of ties with the bloc.
U.S. President Donald Trump at the White House on Tuesday. He told CNBC that investment pledges are like signing bonuses.
BUSINESS / Economy
Aug 6, 2025
Trump: The $550 billion pledged by Japan is 'our money'
The U.S. president told CNBC that he is free to invest the funds however he wishes.
Mazda Motor posted a consolidated net loss of ¥42.1 billion ($286 million) for the three months to June, its first loss in the fiscal first quarter since 2020.
BUSINESS / Companies
Aug 6, 2025
Mazda swings to net loss in April-June
The automaker posted a consolidated net loss of ¥42.1 billion for the period as a result of steep U.S. tariffs and a stronger yen.
A cargo ship at the port of Oakland, California, on Aug. 4
BUSINESS / Economy
Aug 6, 2025
U.S. trade deficit narrowed 16% in June as high tariffs cast shadow on services
Days after reporting that the goods trade deficit fell to its lowest since September 2023, the U.S. said the full deficit including services was also its narrowest since then.
U.S. President Donald Trump said Monday he’ll increase the tariff rate for India "substantially” because of New Delhi’s refusal to halt the buying of Russian oil.
WORLD / Politics
Aug 6, 2025
Trump’s staffing gaps complicate India’s bid to ease U.S. tensions
It’s become urgent for New Delhi to make its case to Washington after being unexpectedly slapped with a 25% tariff and facing further threats over its ties with Russia.
U.S. President Donald Trump’s aggressive economic policies during his second term — including sweeping tariffs — risk triggering long-term damage to U.S. competitiveness and trust in the dollar.
COMMENTARY / World
Aug 6, 2025
The true costs of Trump’s economic agenda
President Donald Trump’s efforts to bring back manufacturing jobs have yielded little progress so far and are jeopardizing U.S. competitiveness.
U.S. Secretary of the Treasury Scott Bessent and Economic Revitalization Minister Ryosei Akazawa. Akazawa, Japan's chief tariff negotiator, is returning to the United States for another round of trade talks.
BUSINESS / Economy
Aug 5, 2025
Akazawa returns to U.S. for more talks as tariff deal looks shaky
Japan is urging the United States to cut the tariff on cars as soon as possible.
On Monday, Prime Minister Shigeru Ishiba offered his views of U.S. President Donald Trump and the American leader’s negotiating tactics — colorful comments that were unusual for their candor but not widely reported in Japan.
JAPAN / Politics
Aug 5, 2025
'Not a normal person’: Ishiba shoots from the hip when it comes to Trump
It is extremely unusual for a sitting prime minister to publicly speak about the leader of the U.S. in a manner that could be construed as criticism.
Jamco, a Japan-based maker of airplane seats, toilets, and galleys that was recently acquired by Bain Capital, is betting its U.S.-based manufacturing hub will give it an advantage under President Donald Trump’s tariff regime.
BUSINESS / Companies
Aug 5, 2025
Bain’s Japanese plane seat-maker sees U.S. hub as shelter from Trump tariffs
Supply chain issues that have seen extended wait times for cabin fittings also present an opportunity to fill, Jamco Executive Chair Kate Schaefer says.
Japan's three megabank groups have estimated that the tariffs imposed by the administration of U.S. President Donald Trump could cut their fiscal 2025 profits by around ¥80 billion ($544 billion) to ¥110 billion.
BUSINESS / Companies
Aug 5, 2025
Japan's five largest banking groups post 2.7% profit gains for April-June
The increase is partly due to growth in profits from the banking groups' lending operations reflecting the Bank of Japan's interest rate hikes.
Hironori Kamezawa, chief executive officer of Mitsubishi UFJ Financial Group, speaks during an interview at the company's headquarters in Tokyo on Friday.
BUSINESS / Companies
Aug 5, 2025
BOJ rate hike in September or October is 'desirable,' MUFG chief says
Such a hike is ideal in the face of strong inflation in the country.
Demonstrators protest U.S. President Donald Trump's tariffs on Brazilian products at a rally outside the U.S. Consulate in Sao Paulo on Friday.
COMMENTARY / World
Aug 5, 2025
Trump’s tariffs defy the doomsayers — so far
Despite nearly uniform predictions of doom and disaster, the global economy has largely ignored the Trump trade revolution.
KIA vehicles are parked to be exported at a port in Pyeongtaek, South Korea, on July 31.
BUSINESS
Aug 5, 2025
South Korea and U.S. prepare for summit with details of trade deal unresolved
U.S. President Donald Trump may use the summit with counterpart Lee Jae Myung to seek more concessions on defense costs and corporate investments, left out of the deal.
U.S. President Donald Trump delivers remarks on tariffs at the White House on April 2. Power over principle is shifting global trade dynamics under the Trump administration.
COMMENTARY / World
Aug 5, 2025
No, Trump is not the ‘transactional’ president he feigns
Reliable dealmaking depends on two essential conditions: good faith and a stable set of rules, backed by reliable enforcement mechanisms.
U.S. President Donald Trump (left) and Indian Prime Minister Narendra Modi shake hands at the conclusion of a joint news conference in the White House in Washington on Feb. 13.
WORLD / Politics
Aug 5, 2025
Trump again threatens India with harsh tariffs over Russian oil purchases
A spokesperson for the Indian foreign ministry said in response that India will "take all necessary measures to safeguard its national interests and economic security."
Prime Minister Shigeru Ishiba (left) and Economic Revitalization Minister and chief tariff negotiator Ryosei Akazawa attend a budget committee session on the U.S. tariff issue in the Lower House in Tokyo on Monday.
JAPAN / Politics
Aug 4, 2025
Opposition parties fume over U.S. trade deal not being put in writing
Prime Minister Shigeru Ishiba said issuing a joint document with the U.S. will not serve the nation’s interests and may instead jeopardize the agreement.
U.S. President Donald Trump and European Commission President Ursula von der Leyen shake hands following the announcement of a new U.S.-EU trade deal on July 27 in Turnberry, Scotland.
COMMENTARY / World
Aug 4, 2025
The EU’s economic surrender only deepens its dependence on the U.S.
The European Union’s tariff deal with U.S. President Donald Trump highlights the bloc’s inability to present a united front.
A monitor in Tokyo shows the 225-issue Nikkei Stock Average dropping on Monday morning.
BUSINESS / Markets
Aug 4, 2025
Stocks in Japan slump after U.S. data spark growth worries
The broader Topix Index and the blue-chip 225-issue Nikkei Stock Average pared some of their earlier losses but closed down 1.1% and 1.2%, respectively.
Most Japanese teens struggling with school find end of summer ‘painful’
Some 93.1% of Japanese teenagers who struggle with school life said they felt like they “wanted to disappear from the world" at the end of summer vacation ahead of the start of a new term, according to a recent survey released by Yokohama-based nonprofit Daisan Kazoku.
Philippine bid to acquire used Japanese warships gains steam
Tokyo is looking to transfer Abukuma-class vessels to the Philippines as part of broader efforts to boost the defense capabilities of like-minded neighbors amid growing Chinese military assertiveness in the region.
Mitsubishi’s wind-power retreat a blow to Japan's alternative-energy goals
Wind turbines in the town of Happo in Akita prefecture. Wind power is a key part of Japan's alternative energy drive.
Can anime carry the memories of World War II?
Many schools in Japan show "Grave of the Fireflies" as educational material to tell the emotionally grueling story of a boy who has no means to prevent his sister from starving to death.
Akazawa's trip to Washington for tariff talks abruptly canceled
Ryosei Akazawa, Japan's chief tariff negotiator, had been set to fly to Washington on Thursday.
Japan to launch broad review of immigration policies amid rise in foreign nationals
Foreign tourists at Narita Airport in June. A report released Friday stresses that Japan is at a turning point and that current ad-hoc measures on immigration are no longer sufficient.
Can anime carry the memories of World War II?
Many schools in Japan show "Grave of the Fireflies" as educational material to tell the emotionally grueling story of a boy who has no means to prevent his sister from starving to death.
Japan looks to build drone ‘shield’ in record defense budget request
A group of Ground Self-Defense Force service members discuss drone operations and capabilities at a joint static display during the Orient Shield 24 opening ceremony at the Yausubetsu Training Area in Hokkaido in July last year.
Jesse Kirkwood: ‘Languages are entire cultural universes with all sorts of baggage’
Jesse Kirkwood is part of a vibrant field of translators who have nurtured what might be called a “post-Murakami era of Japanese literature and translation,” one book at a time.
Mitsubishi’s wind-power retreat a blow to Japan's alternative-energy goals
Wind turbines in the town of Happo in Akita prefecture. Wind power is a key part of Japan's alternative energy drive.

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