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July 04, 2025
 

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TARIFFS

People stand in front of a big screen displaying the Nikkei share average outside a brokerage in Tokyo late last month.
BUSINESS / Markets
May 12, 2025
Japan’s Topix extends rally to 12th day as tariff worries ease
The Topix closed 0.3% higher at 2742.08, giving it its longest winning streak since 2017.
Capsules of Takeda Pharmaceutical's Prevacid heartburn drug. The company's share price dropped by over 5% on Monday after U.S. President Donald Trump announced a plan to order a cut in U.S. prescription drug costs.
BUSINESS / Markets
May 12, 2025
Asian pharma stocks tumble on Trump signal to cut U.S. drug prices
The U.S. president's social media post put pressure on drug-related stocks on worries their profits will take a hit if they have to reduce prices in the U.S.
Workers sew garments along a production line at Thanh Cong Textile Garment in Ho Chi Minh City, Vietnam, on April 28.
BUSINESS / Companies
May 12, 2025
Chinese factories are looking for the next China
Tariffs have resulted in the cost of sending products to the United States soaring in recent weeks, forcing companies to find new trade routes.
An electric vehicle factory in Ningbo, China, on April 9, 2024. For years, Xi Jinping, the leader of China, has planned to make the world dependent on its exports and know-how, but the strategy has costs for his own country.
BUSINESS / Economy
May 12, 2025
This is the trade conflict Xi Jinping has been waiting for
A willingness to weaponize the supply chain may be one of the starkest examples of how Xi is redefining China’s relationship with the world.
A median estimate of economists shows Japan's gross domestic product likely shrank by 0.3% in the January-March quarter on an annualized basis.
BUSINESS / Economy
May 12, 2025
Japan’s sputtering economy likely stalled before Trump’s tariffs
Gross domestic product adjusted for inflation shrank by 0.3% in the first quarter on an annualized basis, according to economists.
U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer address the media after trade talks with China in Geneva on Sunday.
BUSINESS / Economy
May 12, 2025
U.S. and China cite ‘substantial progress’ in Geneva trade talks
U.S. negotiators described "substantial progress" and also said details would be announced Monday.
Yantian port in Shenzhen, Guangdong province, China. Investors are cautiously optimistic that U.S.-China trade talks underway in Switzerland will ease tensions and market volatility, though few expect a major breakthrough amid deep-rooted disputes and high tariffs.
BUSINESS / Markets
May 11, 2025
Wary investors hope U.S.-China talks cool high-stakes trade war
The highly anticipated meeting in Switzerland could mark one of the biggest developments since U.S. President Donald Trump launched sweeping tariffs on April 2.
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.
An attendee wearing a Super Mario costume plays a Nintendo Switch 2 game console at the ExCeL London international exhibition and convention center in London on April 11.
BUSINESS / Tech
May 10, 2025
Nintendo doesn’t rule out Switch 2 price hike after soft outlook
The firm expects shipments of the system to be nearly 1.8 million shy of analysts' estimates, and could raise the price, depending on how Trump administration tariffs work out.
U.S. President Donald Trump speaks to reporters during the announcement of a trade agreement with Britain in the Oval Office of the White House in Washington, on Thursday.
BUSINESS / Economy / ANALYSIS
May 10, 2025
China and the U.S. to talk trade war ceasefire — not peace
Ahead of the meeting, the two sides seem much further apart and at greater risk of a major fallout than during their first trade war in Trump's previous term.
Ryosei Akazawa, Japan’s top tariff negotiator, speaks to the press on Friday. Japan and the United States are still discussing what to negotiate.
BUSINESS / Economy
May 9, 2025
Japan stuck at starting line in tariff talks with U.S. as U.K. inks deals
The U.S. has warned that comparing Japan with the U.K. was apples and oranges, and that getting over the line with many countries will be a slow and arduous process.
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%, according to the labor ministry.
BUSINESS / Economy
May 9, 2025
Japan’s nominal wage growth slows, backing case for BOJ caution
Nominal cash earnings rose 2.1% from a year earlier, decelerating from a revised 2.7% pace in February and below a median economist forecast of 2.5%.
According to earnings reports released by Thursday, net profit is forecast to fall 47.7% to ¥250 billion at Nippon Yusen K.K., 60% to ¥170 billion at Mitsui O.S.K. Lines and 67.3% to ¥100 billion at Kawasaki Kisen Kaisha.
BUSINESS / Companies
May 9, 2025
Three major Japan shipping firms expect sharp falls in profit
The companies are projecting a drop in the transport of autos and other goods due to U.S. tariff measures.
A Japanese newspaper headline includes the word "tariff" in Japanese.
LIFE / Language / BILINGUAL
May 9, 2025
Trump once called it his favorite word. Now, the Japanese version is all over the news.
Learning how to talk about tariffs, imports and exports is becoming increasingly necessary in everyday conversation.
A pullback by some of Asia's richest families from U.S. assets marks a rapid change from just a few months ago, when many in region’s business elite cheered U.S. President Donald Trump’s election win, sending share prices at banks and major tech firms to record highs.
BUSINESS / Economy
May 9, 2025
Asia’s superrich rapidly scale back U.S. exposure amid trade war
The pullback marks a rapid change from just a few months ago, when many in the region’s business elite cheered the election win of U.S. President Donald Trump.
Chinese President Xi Jinping attends a meeting with Russian President Vladimir Putin at the Kremlin in Moscow on Thursday.
WORLD / Politics
May 9, 2025
China can play hardball at looming trade talks with U.S., analysts say
After weeks of tit-for-tat escalation that sent global markets into a tailspin, the two powers will meet this weekend for a chance to break the ice.
U.K. Prime Minister Keir Starmer during a phone conversation with U.S. President Donald Trump from a Jaguar Land Rover automobile manufacturing plant in the West Midlandson, U.K., on Thursday.
WORLD / Politics
May 9, 2025
Starmer gets diplomatic win he needs, if not the economic boost
The framework the two leaders unveiled goes some way to reversing the worst impacts on the U.K. of U.S. tariffs.
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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