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April 18th, 2019

Overbooked

Japan’s tourism boom pushes locals to the brink

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The Big Story

Japan gets more than it bargained for with tourist boom

Can the country welcome 60 million visitors a year without losing its culture -- and its mind?

Tourists stream through the iconic torii gates of Fushimi Inari shrine, in Kyoto in March. Foreign visitors to the city jumped more than fivefold between 2012 and 2017. (Photo by Ken Kobayashi)
Home-sharing companies look to be staging a comeback, with room for non-hotel accommodation to grow in Japan's rural regions, say some experts. Above, Thai tourists experience a temple stay at Takayama Zenkoji in Gifu Prefecture. (Photo by Keiichiro Asahara)
The Big Story

Airbnb begins to recover in Japan, a year after crackdown

City hosts face stringent controls but countryside could be ripe for the taking

Mitoshi Matsumoto, the franchisee of this 7-Eleven store in Higashi-Osaka, wanted to reduce his operating hours and would not take "no" for an answer. (Photo by Tomoki Mera)
Company in focus

Seven-Eleven rebel lays bare the price of convenience in Japan

One franchisee's fight against 24/7 operations is a symptom of bigger pressures

Grab wants to become Indonesia's super-app, offering features beyond transportation, such as payments.
Startups

Grab vs Go-Jek: Duel of digital 'decacorns' escalates in Indonesia

$10bn ride-hailers' battle for food orders and e-payments threatens to leave both bruised

Problems with production of the Tesla Model 3, shown here at the Auto China 2018 motor show in Beijing, have hurt the profitability of Panasonic's EV battery business.
Most read in 2019

Tesla and Panasonic freeze spending on $4.5bn Gigafactory

Japanese company also suspends planned investment in Shanghai plant

Air China takes its first delivery of a Boeing 737 Max 8 jet in December 2018. Chinese aircraft leasing companies have hundreds of the planes on order.
Companies

Months of delay in 737 Max deliveries hit Chinese jet lessors

Longer wait offers possible blessing in disguise as overcapacity looms

Applied Materials of the U.S. is a key supplier to China's Xiamen San'an Optoelectronics. (Photo provided by Applied Materials)
China tech

Applied Materials halts work for red-flagged Chinese chip maker

US chip tool leader pulls staff from San'an Optoelectronics following government listing

PT Pertamina Geothermal Energi workers rotate a valve at Karaha geothermal well in Tasikmalaya, Indonesia. The Southeast Asian nation's geothermal potential is second in the world only to the U.S. 
Environment

Southeast Asia's energy majors pivot sharply to green power

Renewables tapped to feed region's steep rise in power demand

Hyundai Motor shows off its Sonata Turbo at a media preview of the Seoul Motor Show on March 28. The South Korean carmaker seeks to regain traction in China's auto market.
Business deals

Hyundai taps Tencent for connected-car entertainment

Move marks rare partnership for South Korean automaker in telematics

Stream article image
Markets

Infosys, TCS beat estimates of profit growth

Technology spending expected to slow this year, along with growth

Singapore Press Holdings has struggled as advertisers move away from traditional media such as newspapers. 
Nikkei Markets

Singapore Press Holdings loses advertisers and investors

Once-mighty media company now gets bulk of earnings from property

South Korea has seen how a rush into high-priced education can exacerbate inequality and suppress the birthrate, as parents fear the burden of having children. (Source photo by Reuters)
Asia Insight

Private schooling booms in Japan and South Korea fuel inequality

'Premium education' enriches minds but puts governments across Asia to the test

So far in the game, several opinion polls are predicting that the ruling coalition will retain power, albeit with a reduced majority. (Nikkei montage)
India elections

Five Indian politicians to watch on last day of election

PM Modi likely to return to power with thin majority for ruling coalition

Amid chronic blackouts, the Cambodian People's Party government is getting poor marks for energy planning. 
Economy

Chinese construction rush aggravates Cambodia's electricity shortage

Hun Sen threatens energy denial to critics of heavy hydropower dependency

A farmer climbs a tree to harvest palm oil in West Bengal. The palm oil industry is trying to clean up its image.
Commodities

Asia cleans up commodities industry with transparent trading

Initiatives trace product origins in bid to tackle deforestation and corruption

Indonesian fishermen work near pipes flushing sewage into the Porong River in the province of East Java.
Environment

Southeast Asia looks for outside help to flush sewage problems

Water treatment projects lure foreign expertise to deal with rising raw effluent

A pro-abortion law protester holds up a banner during a rally to support the abortion law in front of the Constitutional Court in Seoul on April 11.
Politics

South Korea moves to legalize abortion

Constitutional Court rules punishment for women and doctors is unconstitutional

At the heart of Jewel Changi Airport is an impressive 40-meter waterfall. (Photo by Kentaro Iwamoto)
Companies

Singapore's Changi bets on $1.3bn mall as Asian airports up game

'Jewel' to open next week as state strives to attract travelers

A view of Shanghai's financial district. Foreign investors are hunting for discounts in China's rising volume of distressed debt.
Economy

China's $1.4tn distressed debt pool draws global buyers

Bain and Goldman Sachs among the most active players in deeply discounted deals

There are limits to what unconventional policy can achieve. 
Opinion

The mirage of interest rate normalization

Many advanced economies are trapped into a low-interest rate, low-growth era

The Indian government has asked its telecom operators to advise how Facebook and WhatsApp can be blocked.
Opinion

Social media abuses threaten Asia's democratic elections

Singapore shows governments are ready to curb fake news but such actions can limit free speech

Prayuth Chan-ocha will lose his previous absolute powers under the new parliamentary framework. (Photo by Kosaku Mimura) 
Opinion

Thailand's military is big election winner

But power may still elude ex-general Prayuth as skewed polls fail to subdue opposition

It has become clear that North Korean leader Kim Jong Un does not want to drop his nuclear ambitions. 
The Nikkei View

Bold denuclearization is the only path forward for North Korea

Kim Jong Un's 'have it both ways' strategy will not work

Ichiro Suzuki: One of the greatest baseball players the world has ever seen.
Life

How star baseballer's US success changed postwar Japan

Ichiro Suzuki's career helped overcome 'national inferiority complex'

Akaza ebi, a menu highlight at Odette, named No. 1 at the Asia's 50 Best Restaurants awards. (Courtesy of Asia's 50 best Restaurants)
Life

Asia's top chefs go green

Singapore's Royer tops 50 Best Restaurants awards beating Bangkok's Gaggan in glittering Macao ceremony

All together now: Uniformed students from Chulalongkorn University wait at a bus stop in Bangkok.
Tea Leaves

Tailor-made uniformity threatens Thai creativity

Strict social hierarchy leaves growth prospects hanging by a thread