Members of the Japan Self-Defense Forces walk past a Patriot Advanced Capability-3 (PAC-3) missile unit at the Ministry of Defense in Tokyo.
Defense

Japan to sell $19m in Patriot missiles to U.S.

Two sides settle on pricing, 7 months after agreeing to backfill American stockpiles

30 July 2024
Researchers from Japan's Kyoto University discovered a technique to produce white blood cells that attack COVID-infected cells. (Photo by Yo Inoue)
Coronavirus

Japanese researchers eye COVID treatment derived from stem cells

Immunotherapy creates killer T cells that detect coronavirus markers

30 July 2024
TDK shares rose sharply after the company announced a new material for all-solid-state batteries with improved energy density. (TDK)
Equities

AI, solid-state-battery hopes power up TDK's stock price

Japanese company holds roughly 40% global market share in mobile phone batteries

30 July 2024
Stream article image
Climate Change

Sumitomo, JGC to harness Japan production tech for floating wind turbines

More than 20 companies to join consortium to manufacture platforms

30 July 2024
Japan's Ministry of Finance will work with designated brokerages on outreach to overseas bond investors. (Photo by Wataru Ito)
Finance

Japan taps brokerages to market JGBs abroad as BOJ steps back

Ministry of Finance seeks buyers to fill gap in market long dominated by central bank

30 July 2024
With China's domestic demand stagnant due to a prolonged real estate slump, foreign companies see diminished benefits to expanding into the country.
Business trends

China M&A deals down 45% in first half as economic slump continues

Tighter regulations at home and abroad make acquisitions harder to complete

30 July 2024
Toyota Motor Chairman Akio Toyoda, center, and Tesla CEO Elon Musk, right. Japanese automakers are pooling their resources on electric vehicles to catch up to rivals like Tesla. (Nikkei montage/Source photos by Nikkei and Reuters)
Automobiles

Honda, Nissan and Mitsubishi join forces to catch Tesla in EV race

Japanese automakers consolidate resources with eye on deep-pocketed players

30 July 2024
The Vietnamese joint venture will be Docomo's first foray into overseas digital outdoor advertising. (Photo by Yuji Nitta)
Companies

Japan's NTT Docomo to enter Vietnam outdoor digital advertising

Mobile carrier hopes to use country as steppingstone for rest of Southeast Asia

30 July 2024
Fanuc machine tools at work at an Audi plant. (Audi)
Technology

Fanuc upgrades profit forecast on rebound in China orders

Japanese factory robot builder also gets boost from weak yen

30 July 2024
South Korea's population grew slightly in 2023, despite a persistently low birth rate.
Society

South Korea population rises for 1st time in 3 years on foreign workers

Influx of workers from Vietnam, Thailand and elsewhere outpaces natural decline

30 July 2024
Though money has been flowing out of Chinese equities, Sumitomo Mitsui DS Asset Management anticipates growth over the long term.
Finance

Japan's Sumitomo Mitsui DS to launch first Chinese private fund

Stock-focused trust targets local investors in anticipation of long-term growth

30 July 2024
Self-driving vehicles from WeRide can be seen operating on the streets of Guangzhou. (Photo by Tomoko Wakasugi)
Automobiles

Chinese robotaxi operator WeRide files for U.S. IPO

Startup looks to raise up to $500m for expansion efforts

29 July 2024
Italian Prime Minister Giorgia Meloni met with Chinese President Xi Jinping on Monday. (Photo from Foreign Ministry spokesperson Hua Chunying's X feed)
International relations

China values ties with Italy, Xi tells Meloni

Both countries aim to reset relations through trade and other cooperation

29 July 2024
Nippon Steel Vice Chairman and Executive Vice President Takahiro Mori is actively engaging with U.S. Steel employees to address concerns over the proposed acquisition. (Source photos by Nanami Sato and Azusa Kawakami)
Business deals

Nippon Steel goes straight to the mill to shore up U.S. Steel deal

Japanese steelmaker stages charm offensive to overcome opposition to buyout

29 July 2024
From left, Indian External Affairs Minister Subrahmanyam Jaishankar, Japanese Foreign Minister Yoko Kamikawa, Australian Foreign Minister Penny Wong and U.S. Secretary of State Antony Blinken pose as they attend a Quad foreign ministers' meeting in Tokyo on July 29.  
International relations

Quad countries agree to expand Indo-Pacific cyber, maritime initiatives

Australia, India, Japan, U.S. 'seriously concerned' about East and South China seas

29 July 2024
Leqembi has been approved in countries such as the U.S., Japan and China, but the European Medicines Agency has balked at following suit. (Photo by Kento Awashima)
Pharmaceuticals

Eisai shares fall 13% as EU rejects Alzheimer's drug

High expectations take a hit as regulator fails to follow the U.S., Japan and China

29 July 2024
Hong Kong's premier shopping mall Harbour City. "The strength of the Hong Kong dollar," which is pegged to the strong U.S. dollar, has dealt a further blow to the city's retailers, a government spokesman says. (Photo by Shinya Sawai)
Retail

Hong Kong retail hit by Shenzhen rivalry, weak mainlander spending

Wharf REIC slips to net loss while major chains report double-digit sales declines

29 July 2024
A Country Garden construction site in Kunming, China, in September 2019. The embattled developer's wind-up case in a Hong Kong court has been adjourned until January 2025.
China debt crunch

China property winding-up sagas show difficulty of recovering assets

Country Garden gets six-month respite as other cases highlight 'enforceability' problem

29 July 2024
Hesai Technology is a top producer of lidar devices used in autonomous vehicles. (Photo by Wataru Suzuki)
Interview

China's Hesai CEO calls U.S. accusation of military ties 'ridiculous'

Auto lidar maker says Trump sounds 'crazy' but would bring 'business rationale'

29 July 2024
Owners of the Chinese electric cars are complaining that new discounts from the company hurt the cars' resale value. (Photo by Shinya Sawai)
Electric vehicles

EV price war angers Thai BYD owners as buyers wait for more cuts

New incentives for hybrids come as weak demand hits banks and factories

29 July 2024
Diet member Yoshihiro Seki said a bill to guarantee loans for the government-backed chip startup Rapidus will be presented to the legislature as early as this fall. (Photo by Ken Kobayashi)
Semiconductors

Japan readying 'exceptional' bill to help Rapidus secure funding

LDP lawmaker says aim is for banks to provide bulk of chip startup's support

29 July 2024
The Bank of Japan is grappling with policy as a deeply depreciating yen stokes import prices and saps consumers' purchasing power. (Source photos by Nanami Sato and Pool)
Market Spotlight

'Wishy-washy' BOJ keeps investors guessing on next move

Central bank set to release tapering plan, mull timing of rate hike

29 July 2024
North Korea's ambassador to Laos, Ri Yong Chol, attended the ASEAN Regional Forum instead of the foreign minister. (Photo by Junnosuke Kobara)
International relations

North Korea avoids contact with South Korea and U.S. at ASEAN talks

Pyongyang again doesn't send top diplomat as it deepens relationship with Russia

29 July 2024
Italian Prime Minister Giorgia Meloni, left, shakes hands with Chinese Premier Li Qiang in Beijing on July 28 ahead of a forum with Italian and Chinese business leaders.(Italian Premier Press Office Via AP)
International relations

Italy's Meloni vows to 'relaunch' cooperation with China

Rome seeks to mend ties with Beijing after Belt and Road exit

29 July 2024
Yoasobi was among several Japanese acts playing at Coachella this year. (Photo by Shumpei Kato)
Media & Entertainment

Yoasobi, Creepy Nuts lead Sony's new wave of J-pop to the U.S.

Connection to anime is a unique strength of Japanese music, Sony Music executive says

28 July 2024