A Great Lakes Works sign is seen at the U.S. Steel Great Lakes Works plant in Ecorse, Michigan.
Business deals

Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say

National security panel could grant request by companies to extend review another 90 days

14 September 2024
Hikers climb Mt. Fuji on the Fujinomiya trail on Sept. 10. This summer has seen a 17% decline in peak-day hikers on Japan's tallest mountain due partly to access restrictions on some trails.
Travel & Leisure

Mt. Fuji peak-day climbers drop 17% with overtourism measures

Popular trail sees 27% fall on busiest summer day after introducing $14 toll

14 September 2024
An entrance examination at a university. Falling enrollment is especially a problem for private schools that rely on tuition. (Photo by Yo Inoue)
Education

59% of Japan's private universities miss quotas for new enrollment

Government eyes reforms as falling birth rate hits small and rural schools most

14 September 2024
A partnership between General Motors and Hyundai Motor would be the first of its kind between U.S. and South Korean automakers. (Source photos by Reuters)
Automobiles

GM pivots to Hyundai from Honda in shifting EV landscape

U.S. and South Korean partners aim to bring down costs to compete with Chinese rivals

14 September 2024
Tokyo Electron President and CEO Toshiki Kawai speaks to Nikkei about the Indian market and other topics on Sept. 11. (Photo by Ryosuke Hanada)
Semiconductors

Tokyo Electron looks to tap India's chip potential early on: CEO

Chip tool maker sees global semiconductor market reaching $5tn by 2050

14 September 2024
The 7-Eleven operator has been designated as particularly critical to Japanese security. (Photo by Yuji Murakami)
Retail

Japan's Seven & i now a 'core business,' with tighter investment rules

But addition to security list seen having little impact on Couche-Tard's buyout offer

14 September 2024
U.S. President Joe Biden delivers remarks at the United Steel Workers headquarters in Pittsburgh, Pennsylvania, on April 17.
Business deals

Nippon Steel and U.S. Steel send letter to Biden on merger plans

Move followed reports president was preparing to block deal; contents not disclosed

13 September 2024
The dollar-yen rate is shown on a screen at a trading desk in Tokyo on Sept. 13. (Photo by Yuji Murakami)
Currencies

Yen hits strongest level this year on speculation of big Fed rate cut

Japanese currency's surge comes just days after reaching previous high

13 September 2024
Analysts say Tokyo Garden Terrace Kioicho, above, would be expected to fetch more than 300 billion yen if sold. (Photo by Hideki Yoshikawa)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Japan Inc.'s treasure trove

Shin Nakayama shares his weekly reflections and recommendations

13 September 2024
A crowded shopping street in Seoul's Myeongdong district.
Opinion

Japan shouldn't care that South Korea has higher GDP per capita

Both countries have to learn from each other, and focus on quality of life and happiness

13 September 2024
Blackstone and ESR are eyeing the potential for rapid AI adoption in Japan. 
Technology

Blackstone and ESR race to develop AI data centers in Japan

Country's demographics expected to fuel massive demand for labor-saving tech

13 September 2024
An LDP presidential election poster featuring its party leaders, past and present. (Photo by Ryuto Imao)
13 September 2024
An electronic board shows stock indexes in Shanghai's financial district.
Markets

Foreign investors lukewarm on China stocks despite Fed rate cut buzz

Property worries persist, but some say worst is over for Chinese markets

13 September 2024
A Tatebayashi Moulding worker shapes a stamping die with a grinder: Under the ownership of BYD, the company is moving to implement new designs more quickly. (Photo by Suzu Takahashi)
Business Spotlight

Japanese auto parts makers scramble to prepare for EV shift

'No time to rest,' given lead time for phase out of gasoline-powered cars

13 September 2024
Tokyo Gas has sold its interest in four liquefied natural gas projects as it shifts resources toward areas such as decarbonization.
Business deals

Japan companies reap nearly $56bn from 3 years divesting

Tokyo Gas, Eneos, Mitsubishi among the biggest seeking capital efficiency

13 September 2024
Kanagawa Prefectural Police will adopt mobile-style police boxes. (Photo by Hitoshi Ito)
Crime

Japan rethinks 24/7 police boxes with rise of cybercrime

Community stations explore greater flexibility amid staffing constraints

13 September 2024
A Chinese military plane was detected in Japanese airspace in August. (Japan Defense Ministry via Kyodo)
Japan's leadership race

China poses policy challenge to Japan leadership hopefuls

LDP candidate proposals include 'Asian NATO' and top-level diplomacy

13 September 2024
MUFG had planned to invest in India's HDB Financial Services. (Photo by Yuki Nakamura)
Business deals

MUFG to pause talks on investing in India's HDB Financial Services

Japanese financial group had been seeking stake in HDFC Bank unit

13 September 2024
Sumitomo will work with India's Ampin Energy Transition to set up solar and other renewable energy plants in the country. (Ampin Energy Transition)
Energy

Japan's Sumitomo plans $700m renewable energy buildup in India

Venture with local startup to provide solar power to factories, offices

13 September 2024
Though profit is expected to grow, Ricoh is restructuring its organization to counter the shrinking office equipment market. (Photo by Kohei Yamada)
Electronics

Ricoh to cut 2,000 jobs globally as office printer demand falls

Japanese manufacturer to focus on providing digitization support for businesses

12 September 2024
Opposition to Nippon Steel's attempted acquisition of U.S. Steel may put the company's creditworthiness at risk. (Photo by Yuki Nakao)
12 September 2024
The nine candidates to lead Japan's ruling Liberal Democratic Party join an event in Tokyo on Sept. 12. From left in front row: Sanae Takaichi, Takayuki Kobayashi, Yoshimasa Hayashi, Shinjiro Koizumi, Yoko Kamikawa, Katsunobu Kato, Taro Kono, Shigeru Ishiba and Toshimitsu Motegi. (Photo by Uichiro Kasai)
Japan's leadership race

Japan's LDP kicks off leadership race to pick Kishida successor

Record candidate field faces 2-week battle to win support from ruling party members

12 September 2024
An LDP presidential election poster featuring its party leaders, past and present. (Photo by Ryuto Imao)
Opinion

Japan's LDP turns to old playbook to pick new leader

Fundamental change is unlikely unless ruling party fears losing power

12 September 2024
Japan's benchmark index Nikkei Stock Average rose sharply during trading on Sept. 12 in Tokyo after tech-led gains on Wall Street and as the yen weakened. (Photo by Yuji Murakami)
Equities

Japan stocks jump 3.4%, track Wall Street tech gains

Domestic shares unlikely to repeat historic August plunge, strategists say

12 September 2024
A U.S. Steel plant in Pennsylvania. Negotiations between Nippon Steel and the U.S. government over the Japanese steelmaker's planned buyout of its U.S. counterpart are at a critical stage.
Business deals

Nippon Steel meets U.S. officials amid concerns focusing on India, China

Steelmaker execs arrange 'rush' meeting with Treasury Department

12 September 2024