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August 30, 2025
 

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TARIFFS

Toyota Motor Land Cruisers are parked, bound for shipment, at the Port of Nagoya in Tokai, Aichi Prefecture, in April.
BUSINESS / Companies
Aug 16, 2025
Listed Japan firms log 11% quarterly profit drop
The decreases comes as tariffs imposed by U.S. President Donald Trump weighed heavily on automakers.
Prime Minister Narendra Modi speaks during an Indian Independence Day ceremony in New Delhi on Friday.
BUSINESS / Economy
Aug 15, 2025
Modi slams ‘economic selfishness’ in defiance of U.S. tariffs
In the last few weeks, U.S. President Donald Trump hit India with a 50% tariff rate — much higher than its regional peers.
A screen displays share prices inside the Kabuto One building in Tokyo. The Nikkei 225 closed at a record high of 43,378.31 on Friday.
BUSINESS / Economy
Aug 15, 2025
Tokyo stocks hit closing-price record as GDP surprises
The Japanese economy grew much faster than expected in the second quarter.
GDP grew at an annualized pace of 1% in the three months through June from the prior period, surpassing economists’ forecast of a 0.4% gain, according to the Cabinet Office.
BUSINESS / Economy
Aug 15, 2025
Japan growth beats forecasts, boosting rate-hike case for BOJ
Better-than-expected economic growth has given Prime Minister Shigeru Ishiba some good news as he fends off calls to resign after July's election setback.
U.S. Treasury Secretary Scott Bessent believes Japan's rates are too low.
BUSINESS / Economy
Aug 14, 2025
Tokyo’s record-beating stock rally ends as Bessent jawbones Japan on rates
The U.S. treasury secretary argues that Japan has an inflation problem.
Employees work at the apparel manufacturing unit at Bhiwandi in the Thane district of India's Maharashtra state on July 30.
BUSINESS / Markets
Aug 14, 2025
Trump’s 50% tariff threatens India’s manufacturing ambitions
The U.S. is now India’s biggest export market and one of its top sources of foreign investment.
Nvidia CEO Jensen Huang speaks during the China International Supply Chain Expo in Beijing. Nvidia, along with Advanced Micro Devices, has agreed to pay 15% of revenues from Chinese artificial intelligence chip sales to the U.S. government.
BUSINESS / Tech
Aug 14, 2025
Trump’s deal with Nvidia offers path forward in global trade war
The deal provides U.S. firms a path to enter the Chinese market despite various trade barriers.
A worker operates a sheepsfoot roller in the Subang Smartpolitan area in Subang, West Java Province, Indonesia, on June 13.
BUSINESS / Markets
Aug 14, 2025
Chinese investors eyeing Indonesia to avoid tariffs and tap local market
Indonesia, Southeast Asia's biggest economy and the world's fourth most populous country, has an edge over its neighbors — the potential of its vast consumer market.
Indian Ambassador to Japan Sibi George speaks during an interview on Aug. 1 in Tokyo's Chiyoda Ward.
JAPAN
Aug 14, 2025
Indian ambassador to Japan underscores Quad ties
Japan and India have designated 2025 as an exchange year in the fields of science and technology and innovation.
Tokyo stocks rallied to a new high on Wednesday even as trade tensions and economic concerns remain.
BUSINESS / Markets
Aug 13, 2025
Japan's Nikkei 225 breaches 43,000 for first time ever
The benchmark stock index surged to a new high for a second consecutive day.
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping attend the BRICS summit meeting in Johannesburg in 2018.
ASIA PACIFIC / Politics
Aug 13, 2025
India-China thaw takes shape as Modi embraces BRICS over Trump
Modi’s economic calculus was fundamentally altered this month when Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil.
Federal Reserve Chair Jerome Powell (center left) talks to U.S. President Donald Trump and Sen. Tim Scott as they tour the Federal Reserve’s renovation project in Washington on July 24.
WORLD / Politics
Aug 13, 2025
Trump may allow lawsuit against Powell over Fed renovation amid rate tension
The renovation work has become a flash point in Trump’s pressure campaign against Powell and the central bank for not lowering borrowing costs.
Former International Monetary Fund Chief Economist Maurice Obstfeld has expressed concern that U.S. President Donald Trump's administration has taken policy measures, including high tariffs and tax laws, that expand the federal debt and unpredictability, thereby undermining confidence in the dollar.
BUSINESS / Economy
Aug 12, 2025
Former IMF economist advises Japan to strengthen non-U.S. ties
Maurice Obstfeld expressed concern that policies, including high tariffs and tax laws, that expand the federal debt and unpredictability, may undermine confidence in the dollar.
Stocks in Tokyo rallied on Tuesday despite months of uncertainty and general economic concerns.
BUSINESS / Markets
Aug 12, 2025
Japan's Nikkei 225 hits record high on tariff and rate optimism
Shares rise after some good news on the trade front and a long weekend.
Advertisements for factory rentals at Datang village in Guangzhou, Guangdong province, China
BUSINESS / Economy
Aug 12, 2025
China factories cut shifts and workers' pay as U.S. tariffs bite
The increasingly common practice has become a hidden deflationary force in the world's second-largest economy.
U.S. President Donald Trump’s trade delegation, comprising Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, meets with Chinese Vice Minister of Commerce Li Chenggang and Vice Premier He Lifeng in Geneva on May 10 to discuss tariffs and trade issues.
COMMENTARY / World
Aug 12, 2025
Trump’s transactional approach shapes U.S.-China rivalry
There are intense debates about how the U.S. can prevail in that struggle but there are no signs that a single strategy guides the administration.
Nvidia CEO Jensen Huang (right) speaks alongside U.S. President Donald Trump about investing in America, at the White House in Washington on April 30.
BUSINESS / Tech
Aug 12, 2025
Trump opens door to sales of version of Nvidia's next-gen AI chips in China
The chip will be a less-powerful version of the Blackwell.
A terrace of a shopping mall overlooking the central business district of Beijing on Monday. An extension of a trade truce between Washington and Beijing buys crucial time for the autumn surge of imports for the Christmas season, including electronics, apparel and toys, at lower tariff rates.
BUSINESS / Markets
Aug 12, 2025
U.S. and China extend tariff truce by 90 days, staving off surge in duties
The timing of the extension buys crucial time for the seasonal autumn surge of imports for the Christmas season at lower tariff rates.
South Korean President Lee Jae Myung's government, which took office in June, has sought to show as much flexibility as possible when it comes to the U.S.
ASIA PACIFIC / Politics
Aug 11, 2025
South Korea’s winning strategy for Trump faces moment of truth
So far, South Korea has largely flown under the diplomatic radar, working mostly behind the scenes with the U.S. without some of the grand gestures seen from other leaders.
People attend a groundbreaking ceremony of the Trump Organization and a partner for a luxury residential development with three 18-hole golf courses in Hung Yen, a northern province of Vietnam, on May 21.
ASIA PACIFIC
Aug 11, 2025
Little offered to Vietnam farmers displaced for $1.5 billion Trump golf club
While some see opportunity, many of the farmers are elderly and fear they will struggle to find alternative livelihoods in Vietnam's vibrant economy.
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.
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.
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.
Virtual singer Kaf's music becomes magic in 'Kamitsubaki City Under Construction'
Virtual singer Kaf got her start in 2018 by posting songs and covers to YouTube. Now, after having performed live shows at major venues including Tokyo’s Nippon Budokan, she is turning to voice acting and starring in the new anime series “Kamitsubaki City Under Construction.”
In pictures: Koenji Awa Odori 2025
Japan Times

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