Restrictions on truck driver overtime have taken effect in Japan this year. (Photo by Kosaku Mimura)
Transportation

Itochu, KDDI to tackle Japan driver shortage with truck matching

New online reservation system to fill unused shipping space

17 May 2024
Nippon Life Insurance, one of the biggest providers in Japan, is expanding its presence overseas in response to a shrinking market at home.
Business deals

Nippon Life to take 20% stake in Corebridge in U.S. market push

Japanese insurer to buy shares from AIG in $3.8bn deal to conclude next year

16 May 2024
Honda plans to introduce new models in China faster than in its other markets. (Photo by Yuki Nakao)
Automobiles

Honda to double 10-year EV and software investment to $65bn

EV models get priority as Japanese automakers struggle in Chinese market

16 May 2024
Signboards for MUFG, Mizuho and Sumitomo Mitsui on a Tokyo street. Japan's three megabanks are expecting profits to keep accumulating as interest rates rise. (Photo by Nanami Sato)
Finance

Japan's megabanks upbeat after doubling profits in five years

MUFG, Sumitomo Mitsui and Mizuho exploit scale to chalk up record earnings

16 May 2024
The Japanese currency had remained around the 156 level even after likely government interventions to shore up the yen in late April and early this month.
Currencies

Yen rises to 153 during Tokyo hours as U.S. consumer inflation eases

Economists increasingly concerned over weak yen weighing on Japanese consumers

16 May 2024
Vegetable section of a supermarket in Tokyo. From January to March, Japan's weak consumer spending pushed down the size of its economy. (Photo by Yutaka Miyaguchi)
Economy

Japan's Q1 GDP shrinks annualized 2% on sluggish consumption

Consumption drops for fourth quarter as inflation hits households

16 May 2024
Nomura Holdings President Kentaro Okuda has emphasized a shift from public to private assets since his tenure began. (Photo by Jun Takai)
Finance

Nomura Holdings embraces private assets to beat bubble-era profits

Japan brokerage seeks to grow assets under management by $260bn

16 May 2024
Co-developed by Eisai, lecanemab is the first drug shown to be effective in slowing the progression of symptoms of Alzheimer's disease. (Eisai)
Health Care

Eisai to offer Alzheimer's drug in China from July

Online service with JD.com will provide support for receiving treatment

16 May 2024
Fanuc sees orders for its industrial robots falling amid a slowdown in electric vehicle investment in China.
Business trends

Japan Inc. projects 4% profit fall on China and Europe slowdown

Manufacturers see little boost from weak yen that drove record earnings in fiscal 2023

16 May 2024
Japanese Foreign Minister Yoko Kamikawa visits Kathmandu on May 5 during her official visit to Nepal.
International relations

Japan's foreign aid to focus more on tech, less on infrastructure

AI and quantum computing to be deployed to resolve sustainability issues

16 May 2024
The Bank of Japan is moving toward a less accommodative policy, raising the odds of the yen eventually strengthening.
Insurance

Nippon Life, Dai-ichi Life wary of foreign bonds on risk of yen upswing

Japan insurers eye domestic bonds or alternative assets, executives say

15 May 2024
Leaders of Myanmar's parallel National Unity Government and three ethnic armed organizations held an unprecedented joint news conference on May 15 in Tokyo. (Photo by Yuichi Nitta)
Myanmar Crisis

Myanmar resistance leaders present united front in Tokyo

NUG and ethnic groups demand that military withdraw entirely from politics

15 May 2024
Joint research by Honda Motor and IBM aims to improve chips' capabilities and cut their power consumption to meet the needs of future vehicles whose basic functions will depend on software.
Automobiles

Honda and IBM team up on next-gen chips for software-defined vehicles

Joint R&D seeks to improve processing capacities and power consumption

15 May 2024
South Korean President Yoon Suk Yeol's policy of forward-looking relations with Japan is getting entangled in a bilateral business dispute. (Nikkei montage/Source photos by Yuki Nakao, Reuters and AP)
Politics

Line-Naver spat presents dilemma for Yoon's Japan policy push

South Korean president caught between backing local company, balancing Tokyo ties

15 May 2024
Now that the Bank of Japan has ended negative interest rates, Mitsubishi UFJ Financial Group is targeting higher earnings over the next three fiscal years.
Finance

Japan's MUFG sets $10bn profit target in fresh 3-year plan

Key banking group switches to offensive on growth investments

15 May 2024
Washlet toilets are displayed at a Toto seller in Seattle, U.S. (Toto)
Companies

Toilet maker Toto sets sights on U.S. amid China slump

American sales seen topping China as early as fiscal 2026

15 May 2024
Honda has had difficulty keeping up with Chinese automakers' EV price war. (Source photos by Shizuka Tanabe)
Automobiles

Honda scales down production workforce in China as sales slump

About 1,700 workers, or 14% of total, have applied for voluntary redundancy

15 May 2024
Taiwan navy ships take part in a combat readiness drill on Jan. 31: The island's military is unprepared to hold out against protracted attack.
Opinion

Taiwan is moving too slowly to prepare for war. Japan can help

Lai administration must be persuaded to accelerate push into asymmetrical defense

15 May 2024
Japanese Prime Minister Fumio Kishida, Chinese Premier Li Qiang and South Korean President Yoon Suk Yeol are set to meet in late May. (Sources photos by Nikkei, Kyodo and Reuters)
International relations

Japan, South Korea, China seek to ease friction at trilateral summit

Leaders to juggle economic and security interests at first meeting in 4 years

15 May 2024
Factory workers in China. Business confidence is down among a broad range of Japanese companies in the country. (cnsphoto via Reuters)
Economy

Half of companies see China economy worsening this year: Japan chamber

While overall sentiment is down, a few companies plan to boost investments

15 May 2024
The State Department Building in Washington. A handful of professional diplomats will be sent to cities across America to advise mayors on how to build relationships overseas. 
International relations

U.S. State Department to send diplomatic advisers to American cities

Biden seeks 'foreign policy for the middle class,' envoy for subnational diplomacy says

14 May 2024
Making a surprise video appearance at Sharp's press conference, Foxconn Chairman Liu Young said the Sakai display factory will be transformed into an AI data center. (Photo courtesy of Foxconn)
Technology

Foxconn's Sharp pivots to AI after decision to exit TV display production

Japanese company also looking to sell camera, chip device units

14 May 2024
Sony Group posted a net profit of 970 billion yen ($6.2 billion) for the fiscal year that ended in March. (Photo by Tomoki Mera)
Electronics

Sony annual profit drops 3.5% amid faltering results in finance, sensor units

Japanese group forecasts further decline in profit for current year

14 May 2024
A U.S. Air Force F-16 fighter jet participates in a U.S.-Japan joint exercise at the Air Self-Defence Force's Hyakuri Air Base in Omitama, Ibaraki Prefecture, Japan. (Photo by Konosuke Urata)
Defense

Japan to take on servicing of F-15 and F-16 U.S. fighter jets

Greater domestic maintenance capacity will save time and money

14 May 2024
Tran Van Tu came to Japan as a technical trainee from Vietnam. He is now a factory manager. (Photo by Atsushi Ooka)
Japan immigration

Foreign workers in Japan climb the ladder at smaller firms

Factories, startups start to rely on non-native talent for leadership as well as labor

14 May 2024