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
Peter Hessler intended to tell a different story when he set out to write his engaging memoir, but his carefully laid plans were hijacked by an unexpected series of events. (Source photos Penguin Press, Peter Hessler) 
Books

Author Hessler charts extraordinary scenes in China's COVID-19 debacle

Virus forces pivot in five-year plan to focus on generational change

14 September 2024
Store associates check packaged meat on display at a Yonghui supermarket in Xi'an, China. (Photo by Kohei Fujimura)
Retail

Struggling Chinese supermarket borrows from tiny rival's playbook

Yonghui upgrades stores to replicate pioneer Pangdonglai's success

14 September 2024
Electric vehicle models on display in Beijing. The U.S. enacts a 100% duty on electric vehicles imported from China as well as a 50% tariff on EV batteries, effective Sept. 27.
US-China tensions

U.S. to start steep China tariff hikes on EVs, solar cells, on Sept. 27

Industry group warns of potential for disrupting chip-related supply chains

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
North Korean leader Kim Jong Un stands between what are believed to be centrifuges during an inspection of a uranium enrichment facility. (KCNA via Kyodo)
North Korea tensions

North Korea provides first peek inside nuclear weapons facility

Kim Jong Un signals what is seen as warning to U.S. ahead of November vote

14 September 2024
Chinese fintech heavyweight Ant Group fully took over HaoDF through an affiliate.
Business deals

Alibaba fintech arm Ant Group buys Chinese health platform HaoDF

Telemedicine grows in China as hospitals are sparse in some areas

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
Shein and Temu account for over 30% of shipments qualifying for de minimis exemptions from tariffs, according to a congressional report.
Retail

China's Shein and Temu face end to tariff-free imports into U.S.

White House to propose rules to limit 'loophole' for small shipments

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
With a debt repayment due next month, the Maldives has signed a bilateral agreement with China to bolster the economy. 
International relations

China and Maldives sign financial cooperation agreement

Countries to establish framework to support local currency settlement

13 September 2024
A game of mahjong in Beijing. China is raising its retirement age to cope with its demographic decline.
Economy

China raises retirement age as workforce shrinks

Government strives to avert pension crisis by extending contribution years

13 September 2024
PwC, one of the global Big Four accounting firms, is paying a heavy price for its relationship with defaulted Chinese property developer Evergrande.
China debt crunch

China slaps PwC with 6-month suspension over Evergrande audit

Accounting firm fined total of $62m, says it is 'disappointed' in mainland arm

13 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 German navy replenishment ship Frankfurt am Main is pictured in Incheon, South Korea, on Sept. 6. 
Taiwan tensions

German navy makes rare transit of sensitive Taiwan Strait

First such move in two decades comes amid soaring Taipei-Beijing tensions

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
Chinese Defense Minister Dong Jun delivers a keynote speech at the Beijing Xiangshan Forum on Sept. 13.
Defense

China's defense minister calls for military cooperation pacts

Dong Jun says big powers must lead on security, all have right to pursue interests

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
Chinese companies like Huawei are betting big on foldable displays.
Technology

China's foldable phone rush to boost local display makers

Top 3 players set to have over 50% of folding display market this year: report

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