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A year ago, the world’s biggest automaker was on a tear. American consumers were snapping up Toyota Motor’s hybrids, and a weak yen inflated the value of the company’s earnings. That May, Toyota reported the highest annual profit ever recorded by a Japanese firm. On Thursday, Toyota presented a significantly more somber outlook, projecting that…
Where do Tokyo’s best chefs eat tonkatsu and sushi on their days off? Where does the expert organizer Marie Kondo buy her pajamas? We asked 24 Japanese cultural luminaries, including architects, fashion designers and artists, to share the places they love most across the country. The only criterion was that each choice be somewhere they…
Japanese consumers have historically steered clear of foreign rice. But facing high prices, they rushed last week to buy the first South Korean imports to Japan in decades, clearing the shelves within days, South Korean officials said. It was a relatively small amount, a little over two tons, compared with Japan’s overall shortage, but it…
Markets rose on Friday, setting the stage for their fourth straight positive day, as investors continued to look for signs of easing trade tensions. The optimism was fueled, in part, on reports that China was looking into exempting some American goods from its 125 percent tariff. At the same time, the Chinese government said it…
Officials in the United States are urging Japan and South Korea to make a formal commitment within the next few weeks to a $44 billion natural gas project in Alaska. The effort, known as Alaska L.N.G., is a centerpiece of President Trump’s energy agenda, and aims to ship gas from northern Alaska in a liquefied…
Listen to article Sumitomo Corp. and SBI Holdings, two major Japanese firms, have announced their decision to acquire 20% stakes each in FPT Smart Cloud Japan, a subsidiary of Vietnam’s leading IT company, FPT Group. The use of Nvidia’s AI-powered solutions at FPT Smart Cloud Japan underscores the significance of cutting-edge technology in meeting the growing demands…
Japan has issued its first-ever cease-and-desist order against Google, accusing the tech giant of violating the country’s anti-monopoly law by coercing smartphone manufacturers to preinstall its apps. The landmark action by the Japan Fair Trade Commission signals growing global scrutiny of major tech firms. The Japan Fair Trade Commission (JFTC) announced on Tuesday that Google…
Beijing’s 22 million residents were asked to stay indoors on Saturday, as powerful winds swept across northern China. The winds toppled trees, disrupted travel and sports, and caused dust storms across the region. The winds could be the strongest in Beijing in April since 1951 when they peak on Saturday afternoon local time, forecasters said….
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. George Rose | Getty Images Mortgage rates are rising sharply this week, as investors sell U.S. Treasury bonds at a swift pace. Mortgage rates follow loosely the yield on the 10-year Treasury. Some speculate…
Market turmoil extended into Wednesday’s trading session in Asia, as stocks across the region faced renewed downward pressure amid the impending imposition of significantly higher taxes on imports to the United States. Benchmark indexes in Japan and Hong Kong opened down more than 3 percent on Wednesday morning, following a day on Wall Street when…
