Toyotas outfitted with autonomous-driving equipment are seen inside Tier IV's garage. (Photo by Yukinori Okamura)
Startups

Japan self-driving startup takes on Tesla, Google with open source tech

Tier IV releases free software, seeking partners to develop Level 4 driving

18 September 2024
The Denza luxury EV brand has turned around under BYD's control, selling 128,000 vehicles in 2023.
Electric vehicles

Mercedes exits luxury EV joint venture with China's BYD

Chinese automaker takes full control of Denza brand after troubled collaboration

18 September 2024
Nippon Steel's planned acquisition of U.S. Steel faces opposition from the American presidential candidates of both major parties.
Business deals

U.S. Steel CEO confident Nippon Steel deal will close 'on its merits'

Burritt eyes 'better and bigger' strategy with Japanese suitor

18 September 2024
Bank of Ayudhya, also known as Krungsri, holds an event in Bangkok on Sept. 17 to mark the new program's launch. (Photo by Kenya Akama)
Finance

Thai bank Krungsri to help companies expand to Indonesia, Philippines and Vietnam

MUFG-owned lender joins forces with peers in ASEAN economies

18 September 2024
Aircraft at the U.S. Marine Corps Air Station Futenma. Okinawa hosts several U.S. military bases.
Japan's leadership race

Japan PM hopeful Ishiba floats joint U.S. base management in Okinawa

Former defense chief calls for updates to status of forces pact with eye on China

18 September 2024
SK Hynix leads the market for high-bandwidth memory. (SK Hynix)
Semiconductors

South Korea's AI memory chips have Japan suppliers hungry for growth

Tokyo Electron and Disco increase investment, hiring near SK Hynix and Samsung

18 September 2024
GLP Japan seeks to expand its warehouse floor space for chilled and frozen food 90% by 2028. (GLP Japan)
Transportation

Japan's Mitsui Fudosan, others to invest $3.5bn in cold storage

Demand for warehouses rises as driver shortage strains shipping chain

18 September 2024
A maglev train runs on a test track in Yamanashi Prefecture. (Photo by Takayuki Matsunaga)
Transportation

Shizuoka prefecture approves drilling survey for maglev train project

Japan's planned high-speed line between Tokyo and Nagoya takes step forward

18 September 2024
Lenovo aims to make 50,000 AI rack servers and 2,400 GPU servers annually at the plant in India.
Technology

China's Lenovo to make AI servers at India plant

Electronics maker also plans Indian R&D hub focused on AI servers

18 September 2024
Japanese logistics company Trancom has been squeezed by a truck driver shortage. (Trancom)
Business deals

Bain joins $700m management buyout of Japan logistics group

Trancom to go private to gain more flexibility amid a tougher trucking industry

18 September 2024
Production costs are high for the Mate XT, the world's first trifold smartphone. (Photo by Itsuro Fujino)
Electronics

Huawei trifold phones being flipped for $7,000 even before release

Limited availability causes prices to soar on online marketplaces

17 September 2024
The planned factory in Mexico would boost Koito's production capacity in the country by around 60%. (Koito Manufacturing)
17 September 2024
Shigeru Ishiba speaks at LDP headquarters on Sept. 12. Ishiba leads the latest Nikkei/TV Tokyo poll as the public's favorite for Japan's next prime minister.
Indo-Pacific

Asian NATO proposal by Japan's Ishiba seen as 'fantasy' in U.S.

'It's not what we're looking for,' Biden official says of LDP candidate's idea

17 September 2024
Sakana AI, Japan's fastest unicorn, has attracted further investment from three Japanese megabanks and other sources. (Nikkei montage)
Artificial intelligence

Japan's Sakana AI worth $1.5bn in latest megabank fund raise

Top-tier companies invest $70m in partnerships to boost operating efficiency

17 September 2024
The Meidi-ya Ginza commercial building site in Tokyo's Ginza shopping district fetched the highest land price per square meter at 42.1 million yen ($300,000), topping the list for the 19th consecutive year.
Economy

Japan land prices see sharpest rise since 1992 on tourism, foreign investment

Commercial land saw a 2.4% jump while residential land rose 0.9 %

17 September 2024
Midea Chairman and CEO Fang Hongbo, right, hits the ceremonial gong as the appliance maker's shares begin trading in Hong Kong on Sept. 17. (Photo by Kenji Kawase)
Markets

Midea shares rise 8% in Hong Kong after $4bn offering

Chinese appliance maker expands issuance as bourse leans on mainland companies

17 September 2024
Stream article image
Announcements

Nikkei Stock Index 300 to add Japan Post Bank and 2 others

Reshuffle to remove three existing companies, effective from Oct. 1

17 September 2024
Activists hold posters reading ‘Repeated deep fake sex crimes, the state is an accomplice too’ at a protest in Seoul on Aug. 30. (Photo by AFP/Jiji)
Opinion

Deep fake porn shows why Korean women must become hypervigilant

Issue reflects societal issues of male sociopathy and insufficient institutional responses

17 September 2024
A Shaheen 3 surface-to-surface ballistic missile is displayed during a Pakistan Day military parade in Islamabad on March 23, 2019.
Defense

China-Pakistan defense ties threatened by new U.S. sanctions

Fresh measures from Washington target Chinese ballistic missile companies

17 September 2024
All Nippon Airways parent ANA Holdings is adding new international routes to Europe and elsewhere in a bid to lift profit. (Photo by Kosaku Mimura)
Transportation

Japan's ANA Holdings faces uphill battle to lift valuation

Aviation group bets on international travel to propel post-COVID ambitions

17 September 2024
Tokyo's Keio University is one of 10 schools chosen to receive grants from the government.
Education

Japan to issue grants to build academic ties with Europe on AI, chips

Program aims to solve talent shortage in critical fields at universities

17 September 2024
Expectations are rising that Japan's next prime minister will bring about political change, but doubt remains whether the ruling party will embrace reform.
Asia Insight

Japan's next prime minister: Old guard, young blood or first woman?

9 candidates line up to lead LDP, which has ruled country for 65 of last 69 years

17 September 2024
A view of the city skyline in Singapore, home to many firms in the private equity industry.
Opinion

Asia's private equity needs to adapt to a new slower growth reality

Firms must transform by focusing on value creation and operational expertise

17 September 2024
Customers visit a GU store in Saitama, Japan. GU's locations are mostly in Japan. (Photo by Makoto Okada)
Retail

Uniqlo sister brand GU launches New York HQ in U.S. push

Japanese budget brand looks to expand beyond Asia toward goal of tripling revenue

17 September 2024
Taiwan Semicon, an industry expo that opened in Taipei on Sept. 4, drew many exhibitors from the southwestern Japanese island of Kyushu. (Photo by Yoshinaru Sakabe)
Semiconductors

Japan chip industry suppliers hunt for clients in Taiwan

TSMC expansion prompts Kyushu companies to home in on critical market

17 September 2024