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June 07, 2025
 

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WEALTH

Sales of luxury properties in Tokyo, like Azabudai Hills’ Aman Residences, have pushed up average real estate prices in the capital.
BUSINESS / Companies
May 27, 2025
Luxury Tokyo penthouse sold for over $65 million in new record
Home prices in Tokyo have been on a broad upward trend, driven by rising construction costs and a limited supply of new buildings.
A Boeing 747 from Qatar at Palm Beach International Airport, following President Donald Trump’s tour of the plane, in West Palm Beach, Florida, on Feb. 15. The president and his family have profited from the White House more than any other occupant, normalizing activities that once would have provoked heavy blowback and official investigations.
WORLD / Politics
May 26, 2025
As Trump family monetizes presidency, profits outstrip protests
The scale and the scope of the presidential mercantilism has been breathtaking.
Britain's King Charles inspects a guard of honor in Edinburgh, Scotland, last July. The rising cost of the British monarchy, marked by increased taxpayer funding and limited transparency, is prompting questions about whether the public is getting fair value for supporting the royals.
COMMENTARY / World
May 21, 2025
A king’s ransom: The eye-watering cost of Charles III
Brits should be told how much their royals’ extravagant lifestyles are costing them.
The yen slumped more than 2% on Monday alone, nearing ¥150 to the dollar, after the U.S. and China temporarily lowered tariffs, triggering a reversal of bearish dollar bets.
BUSINESS / Economy
May 15, 2025
Rich Japanese still fear yen crash, wealth manager says
Japan's most prosperous households are still scarred by the market’s collapse in the early 1990s.
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.
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.
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.
Former Prime Minister Taro Aso has the most assets among Lower House members, at ¥601.53 million ($4.1 million), according to a Jiji Press tally of asset reports filed after the general election in October last year.
JAPAN / Politics
Apr 7, 2025
Lower House members' assets hit record low: Jiji
The decrease reflects the retirement or electoral defeat of major asset holders in last year's general election, and the debut of new lawmakers.
Sources say a hui suo — a private club, which in Japan caters mainly to Chinese businesspeople — will soon open on the upper floors of the Moutai Building in the Ginza district of Tokyo.
JAPAN / Society
Mar 16, 2025
Private clubs quietly open in Tokyo for free-spending Chinese businesspeople
With the economy weak in China and opportunities harder to come by there, more wealthy individuals have been flocking to Japan.
Nomura Holdings is moving to a new office in Dubai, with double the space at its previous location, and hiring in Singapore, to expand its wealth business.
BUSINESS / Companies
Mar 12, 2025
Nomura expands in Singapore and Dubai as global business turns profit
The Tokyo-based firm is seeking to more than double assets under management at the global unit to $60 billion, and expects its relationship manager headcount to grow by about 50.
Voters believe they are active participants in democracies, but the real power is concentrated in the hands of the few.
COMMENTARY / World
Mar 12, 2025
Social media and playing at democracy
Voters believe they are active participants in democracies, but the real power is concentrated in the hands of the few.
Data show that the policies of Japan’s last decade or so have served the rich better than the vast majority of the country’s households.
BUSINESS
Feb 14, 2025
Assets of Japan’s wealthiest jump to a record $3 trillion
Between 2011 and 2023, the wealth of Japan’s rich more than doubled and super rich tripled.
Shadrack Maseko, whose family has been residing on Meyerskop farm for three generations, looks over a piece of land, in Free State province, South Africa, on Sunday.
WORLD / Politics
Feb 11, 2025
The stark inequalities South Africa's new land act seeks to bridge
Nearly three quarters of privately-owned land is in the hands of white people who make up 8% of the population, while only 4% is owned by Black people who constitute nearly 80%.
The Auckland city skyline in 2021
BUSINESS
Feb 10, 2025
New Zealand changes ‘golden visa’ to lure wealthy migrants
As well as dropping the English language test, other potential barriers to investment such as the amount of time investors must stay in the country will be adjusted.
In 2024, child mortality for children before the age of 5 reached a record low of 3.6%, down from over 25% in 1950. For most of history, about half of all newborns died as children.
COMMENTARY / World
Jan 22, 2025
Even this year is the best time ever to be alive
Another way of looking at it: Every day over the past couple of years, roughly 30,000 people moved out of extreme poverty worldwide.
The country's net assets, or the value of properties, cash, deposits, stocks and other assets in the country minus that of loans and other debts, totaled ¥4,158.4 trillion at the end of 2023, up 4.1% from a year before, a Cabinet Office estimate showed Monday.
BUSINESS / Economy
Jan 21, 2025
Japan's national wealth hit record ¥4 quadrillion at end of 2023
Of the total, households accounted for a record ¥2.97 quadrillion, up 3.7%, marking the fifth consecutive year of growth.
Private firefighters gather near their vehicles at a mall in Pacific Palisades, California, on Wednesday.
WORLD / Society
Jan 17, 2025
Private firefighters highlight wealth divide in ruined Los Angeles
Questions are being asked about how some of the city's superrich seem to have survived almost unscathed after enormous blazes spread through the metropolis.
U.S. President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington on Wednesday.
WORLD
Jan 17, 2025
American ‘oligarchy’ decried by Biden gained $1.5 trillion in his term
The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years.
Scheduled to welcome its first guests in early 2025, the Waldorf Astoria Osaka is just one of many luxury hotel openings Japan has seen in recent months.
LIFE / Travel
Jan 4, 2025
Japan’s ‘quiet revolution’ of luxury travel nears fruition
“The Japanese luxury travel scene has undergone quite the metamorphosis over the past decade,” says one industry insider.
Internally displaced Syrians from eastern Ghouta queue for food in a Damascus countryside in April 2018.
WORLD / Society
Dec 24, 2024
Global hunger crisis deepens as major nations skimp on aid
The United Nations says that, at best, it will be able to raise enough money to help about 60% of the 307 million people it predicts will need humanitarian aid next year.
Japan eyes tougher rules for foreign residents and tax hike for tourists
A tax-free shop in Kyoto in April 2024. Last week, members of a Liberal Democratic Party study group drafted a proposal seeking to scrap the country's tax-free shopping system altogether.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
Hakuho’s departure highlights worrying sumo trend
Former <i>yokozuna</i> Hakuho performs a ring-entering ceremony at the Ryogoku Kokugikan in Tokyo in February 2020.
Trump and Musk trade barbs on social media as alliance crumbles
The trouble between U.S. President Donald Trump and Elon Musk started brewing days ago, when Musk denounced Trump's sweeping tax-cut and spending bill.
Japan won’t wait for G7 summit for possible U.S. trade deal
Ryosei Akazawa, Japan's top negotiator in tariff talks with the U.S. speaks to reporters at the Japanese Embassy in Washington on Friday.
What can Kenji Yanobe’s cosmic cats teach us about humanity?
Kenji Yanobe’s spacesuited cats are the main characters of “Ship’s Cat Island,” the inaugural exhibition at Hyper Museum Hanno in Saitama Prefecture.
From ridicule to redemption: Rice crisis returns Koizumi to the spotlight
Agriculture minister Shinjiro Koizumi speaks to the media as he inspects a warehouse storing stockpiled rice in Kanagawa Prefecture on May 30.
New Naoshima museum bets on Asia, not the West
Detail of Takashi Murakami, “Rakuchu-Rakugai-zu Byobu: Iwasa Matabei RIP” (2023-25)
Japan’s prison reform focuses on rehabilitation
Justice Minister Keisuke Suzuki speaks to reporters in Tokyo on Friday. Suzuki said preparations for the changes that will focus more on rehabilitation are being actively made at each correctional facility.
Accidents raise concern over how Japan vets foreign drivers
Keita Ueno (right), the owner of Kiki Driving School and an instructor who supports both foreign nationals and Japanese citizens returning from abroad in getting their foreign driver’s licenses converted, is worried about the current lax system for the process.

Podcast

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

Longform

After the asset-price bubble crash of the early 1990s, employment at a Japanese company was no longer necessarily for life. As a result, a new generation is less willing to endure a toxic work culture —life’s too short, after all.
How Japan's youth are slowly changing the country's work ethic
By Alex K.T. Martin

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