Nissan Motor has struggled in China, where it sells the Venucia brand. Meanwhile, Renault has entered into a new partnership with Chinese automaker Geely. (Source photos by Nikkei and Reuters)
Automobiles

Nissan falls behind Renault in market cap a year after equal alliance

Japanese carmaker blindsided by woes in American and Chinese markets

27 July 2024
Members of the World Trade Organization released an agreement on e-commerce rules following negotiations that began in 2017.
Trade

WTO members reach digital trade deal to ban tariffs on data

Proposed e-commerce rules also cover cybersecurity and regulatory transparency

27 July 2024
Red Bull would be the first foreign company to become sole owner of a J. League team. (Source photos by Nikkei)
Sports

Red Bull to enter Japan pro soccer with J3 team acquisition

Austrian energy drink maker will buy 100% stake in Omiya Ardija

27 July 2024
Japanese Foreign Minister Yoko Kamikawa, left, with South Korean Foreign Minister Cho Tae-yeol in Vientiane on July 26. (Japan's Foreign Ministry)
Society

South Korea says listing Japan's Sado mine as World Heritage Site likely

Seoul had raised concerns over listing due to site's links to wartime forced labor

27 July 2024
The new cars will have greater capacity and remote monitoring capabilities. (Hitachi)
Transportation

Hitachi wins $720m train order for Philadelphia subway

Contract for 200 rail cars is company's second biggest ever in U.S.

26 July 2024
Lexus' EV flagship model, the LF-ZC, is displayed at the Japan Mobility Show in Tokyo in October 2023. (Photo by Yuki Nakao)
Electric vehicles

Toyota to set up EV battery plant on Japan's 'Silicon Island'

Auto giant sees Kyushu supply chain helping it take on Chinese rivals in Asia

26 July 2024
Chinese Foreign Minister Wang Yi attends the ASEAN post ministerial conference with China at the ASEAN foreign ministers meeting in Vientiane on July, 26.
South China Sea

China says Philippine allies meddling in South China Sea dispute

Foreign minister Wang slams U.S, Japan, South Korea, EU at ASEAN-China meeting

26 July 2024
Chinese leader Deng Xiaoping is greeted by workers at Nippon Steel's mill in Kimitsu, Japan, on Oct. 26, 1978.
International relations

Nippon Steel-Baosteel split closes book on Deng Xiaoping's Japan legacy

Industrial power balance shifts while Beijing increasingly emphasizes security

26 July 2024
Olympus is promoting endoscope use in developing markets, including China. (Photo by Aya Onishi)
Health Care

Olympus faces challenge in China's endoscope market from local companies

CEO sees hurdles to overcome, but large untapped health care market open to innovation

26 July 2024
Eisai targets more than $350 million in global Leqembi sales this fiscal year. (Eisai)
Pharmaceuticals

Japan's Eisai eyes blood test for Alzheimer's drug eligibility

Drugmaker looks to lower hurdles to use of potential blockbuster treatment

26 July 2024
Workers assemble a Lexus vehicle at Toyota's plant in Fukuoka prefecture. The automaker is planning the largest capital investment of any major Japanese company this fiscal year. (Photo by Toshiki Sasazu)
Business trends

Toyota leads Japan Inc.'s record $217bn capital investment blitz

Auto industry set to be top spender in fiscal 2024 as EV, software race heats up

26 July 2024
Nadaman was founded in 1830 and has 74 stores, including four restaurants outside Japan. (Nadaman)
Food & Beverage

Japanese brewer Asahi to exit restaurant business

Group will sell high-end Japanese chain after years in the red

26 July 2024
A woman holds up a newspaper with the late Vietnamese Communist Party leader Nguyen Phu Trong on its cover during his state funeral on July 25 in Hanoi. (Photo by Shinya Sawai)
International relations

Vietnam's funeral for party chief Trong draws former Japanese PM, China's No. 4

Dignitaries pay respects in a testament to Trong's focus on balanced diplomacy

26 July 2024
Renesas missed operating profit market forecasts for the first half by 7%. (Photo by Ryosuke Eguchi)
Semiconductors

Renesas market cap plummets $4.9bn after earnings disappoint

Japanese chipmaker looks to get back on track after misjudging industrial demand

26 July 2024
Nissan Motor will launch a new model of the popular Kicks sport utility vehicle in the U.S. (Nissan Motor)
Automobiles

Nissan suffers 99% profit plunge on U.S. hybrid woes

Automaker falls behind Japanese rivals in tapping shift away from EVs

26 July 2024
SBI, one of Japan's biggest financial services group, will partner with Franklin Templeton, the world's seventh-largest asset manager. (Source photos by Nikkei)
Cryptocurrencies

Franklin Templeton and SBI team up to bring bitcoin ETFs to Japan

New joint venture will prepare for Japanese approval of cryptocurrency funds

26 July 2024
iFlytek, a U.S.-sanctioned leader in China's AI industry, presents its products at this year's Hong Kong book fair. (Photo by Kenji Kawase)
US-China tensions

China's iFlytek exec says U.S. sanctions have 'destroyed' market mechanism

AI leader invests in Hong Kong hub and seeks to expand presence in Japan

25 July 2024
After hitting all-time highs earlier in the month, the benchmark Nikkei Stock Average and the broader Topix index have declined for more than two weeks. (Photo by Yutaka Miyaguchi)
Equities

Japan's Nikkei average dives 3.3% as pro investors sell shares

Weak yen darkening investors' outlook on Japanese stocks

25 July 2024
U.S. Secretary of State Antony Blinken will make his 18th and longest trip to Asia from July 25.
Indo-Pacific

Blinken's 6-country Asia tour to show U.S. is 'all in' on region

Washington seeks 'new regional architecture' to counter China and North Korea

25 July 2024
Baosteel, a unit of Baowu Steel Group, has become one of the world's largest steelmakers by output.
Companies

Nippon Steel ends stormy, half-century partnership with Baosteel

As Chinese steelmaker has gone from student to rival, Nippon Steel is at a turning point

25 July 2024
Japan led investment in the U.S. with $783 billion in mergers and acquisitions and greenfield purchases in 2023.
25 July 2024
Honda Motor's e:NS2 electric vehicle. The automaker's sales in China fell roughly 40% by volume in June. (Photo by Sei Matsumoto)
Automobiles

Honda to cut China production capacity for gas cars by 30%

Move marks latest reversal by Japanese automakers in world's biggest market

25 July 2024
Kobayashi Pharmaceutical is grappling with a scandal surrounding a red yeast supplement suspected of being linked to more than 80 deaths. (Photo by Koji Uema)
Pharmaceuticals

Activist investor Oasis buys 5% stake in scandal-hit Kobayashi Pharma

Hong Kong fund becomes 4th-largest shareholder in Japanese drugmaker

25 July 2024
Rapidus is building its advanced chip plant at this site in Chitose, Japan. (Photo by Hajime Tsukada)
Semiconductors

Japan's Kishida visits Rapidus chip plant site, pledges swift funding

Government plans loan guarantees to draw financing from banks

25 July 2024
The yen reached its strongest level in roughly two months on July 24.
Currencies

Yen gets reprieve as investors see closing gap in Japan, U.S. rates

Speculators unwind yen shorts ahead of Fed and BOJ policy meetings

25 July 2024