Same-store sales in the first half were up 7.1% year-on-year.
Food & Beverage

McDonald's Japan supersizes profit, pairing price hikes and promotions

But popular $5 meals in U.S. spark concern about consumer cutbacks

10 August 2024
Rapidus President Atsuyoshi Koike acknowledged the chipmaker faces difficulty in raising private-sector funding. (Photo by Riho Nagao)
Interview

Japan's Rapidus to fully automate 2-nm chip fab, president says

Chasing TSMC and Samsung, startup aims to compete on delivery times

10 August 2024
Japanese stock prices have been trending down this month. (Photo by Yutaka Miyaguchi)
Equities

Japan stock sell-off: The end of the beginning?

Past crashes suggest a 20% recovery ahead -- if the first wave of selling is over

10 August 2024
Naver, South Korea's top internet company, reported stellar earnings for the April-June quarter. (Naver)
Technology

South Korea's Naver to maintain ownership of Line app operator

Tech company's stake comes under scrutiny after data leaks involving chat app

10 August 2024
Companies listed on Tokyo's Prime market have seen three consecutive years of record high profits. (Photo by Konosuke Urata)
Business trends

Japan corporate profits up 10% on weak yen, AI demand

Toyota, Hitachi among winners in April-June as China slump drags on others

10 August 2024
South Korea's POSCO and China's Baosteel have modeled their facilities after Nippon Steel's Kimitsu works, located south of Tokyo. (Photo by Yuji Ohira)
Materials

Nippon Steel pivots away from China to zero in on U.S., India

U.S. Steel acquisition and Indian blast furnaces critical to expansion

9 August 2024
The Japan Meteorological Agency's website shows earthquake information on Aug. 9.
Society

M5.3 quake jolts Japan's Kanagawa Prefecture near Tokyo

Temblor occurs after first-ever advisory on expected Nankai Trough megaquake

9 August 2024
Japanese government experts gather to discuss the potential for a Nankai Trough earthquake at a meeting on Aug. 8 in Tokyo.
Natural disasters

Japan's Nankai Trough earthquake advisory: 5 things to know

Country reacts with calm concern over heightened chance of major disaster

9 August 2024
Higher bonus payments appear to have helped boost Japan's private consumption in June. (Photo by Arisa Moriyama)
Economy

Japan's June GDP shrinks 0.3% despite consumption recovery: JCER

Increased imports and weak corporate investment offset the effect of higher bonuses

9 August 2024
Japanese Prime Minister Fumio Kishida has canceled his trip to Central Asia. (Photo by Toshiki Sasazu)
International relations

Japan PM cancels Central Asia and Mongolia trip over megaquake advisory

Nation's weather agency made warning after magnitude-7.1 quake on Thursday

9 August 2024
Attendees of a peace ceremony marking the 79th anniversary of the U.S. atomic bombing of Nagasaki hold a moment of silence in Nagasaki on Aug. 9. (Pool photo)
International relations

Nagasaki marks 79th A-bomb anniversary as Israel snub overshadows ceremony

Envoys of several nations, including U.S., refrain from attending proceedings

9 August 2024
The mighty dollar has taken a 10% hit since early July from a suddenly strengthening Japanese yen. (Photo by Yuji Murakami)
Currencies

Currency strategists see yen closing out the year in the mid-140s

Speculators scurry to reduce their bets on the yen's fall

9 August 2024
Rakuten has invested more than 1 trillion yen in base stations and other infrastructure for its wireless business. (Photo by Mayumi Tsumita)
Business deals

Rakuten Mobile to raise up to $2bn from Macquarie-led consortium

Asset sale and leaseback aims to diversify funding for recovering wireless business

9 August 2024
Tokyu Resorts & Stays plans to quintuple its foreign staff over the next few years, with a focus on restaurant positions. (Tokyu Resorts & Stays)
Japan immigration

Japan hotels scramble for foreign workers as tourists flood country

Tokyu Resorts eyes 5-fold boost in Philippine, Myanmar, Indonesia, Nepal hires

9 August 2024
Japanese meteorological experts provided additional information on the Nankai Trough earthquake on Aug. 8. (Photo by Dai Kuwamura)
Natural disasters

Japan issues advisory over possible Nankai Trough earthquake

Government sees 'relatively higher' chance after 7.1-magnitude temblor off Kyushu

8 August 2024
Kobe Steel is Japan's third-largest steelmaker.
Companies

China's Baosteel, Baowu Aluminum, Japan's Kobe Steel to form joint venture

Japanese steelmaker to take 50% stake in automotive aluminum sheet company

8 August 2024
Nippon Paint's share of the consumer paint market in mid-tier Chinese cities increased. (Photo by Nanami Sato)
Companies

Japan's Nippon Paint posts record profit on strong China demand

Growth in consumer products offset country's real estate slowdown

8 August 2024
Tokyo Electron, a major Japanese chip-tool maker, revised up its annual earnings forecast due to expected strong AI demand. (Tokyo Electron)
Semiconductors

Tokyo Electron ups profit forecast, saying it sees strong AI demand

Chip-tool maker expects more memory chip investments, even as stock price slumps

8 August 2024
Senior Kobayashi Pharmaceutical officials bow at a news conference in Osaka on Aug. 8. (Photo by Yo Inoue)
8 August 2024
A rescuer stands by trucks equipped with cranes conveyed by the Japan International Cooperation Agency to the State Emergency Service of Ukraine in the Kyiv region of northern Ukraine, on April 25, 2023.
Opinion

Japan and South Korea must put 'Asia First' over Ukraine support

Focusing on aid to Kyiv risks compromising the two nations' regional security needs

8 August 2024
Workers make Honda SUVs at an auto plant in China's Hubei province.
Automobiles

Japan's automakers lose market share in China, Thailand as EVs spread

Companies rethink their strategy in these countries as competition accelerates

8 August 2024
Oleg Deripaska, founder of aluminum giant Rusal, speaks to Nikkei Asia in an interview in Tokyo on Aug. 5. (Photo by Suzu Takahashi)
Interview

Trade with Asia 'lifeline' for sanction-hit Russia, says Oleg Deripaska

Oligarch says exchange with India and China vital as Ukraine war takes toll

8 August 2024
The number of job openings in Japan during the April-June quarter was 67% higher than in 2019. (Photo by Yutaka Miyaguchi)
Work

Japan midcareer hires score higher pay amid scramble for talent

Businesses seek experienced workers in shift after pandemic

8 August 2024
An AG&P tanker truck hauls LNG. The company's service area covers 10% of India. (Photo obtained by Nikkei)
Energy

Osaka Gas lends hand in developing India's gas lines

Japanese utility partners with local operator to modernize infrastructure

8 August 2024
Japan Inc. was once praised for its strong sense of community with management often regarded by employees as an extension of themselves.
Opinion

Japan Inc. must avoid America's astronomical executive pay

Wider CEO-employee compensation gap would threaten corporate harmony

8 August 2024