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December 05, 2024
 

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PayPay Bank is competing for funds as rates rise.
BUSINESS / Companies
PayPay Bank paying big to attract deposits, with offer of 2% on dollars and yen
The offer is many times the rates advertised by competing banks and applies to yen deposits of up to ?5 million, with no limit for dollar deposits.
BUSINESS / Companies
911±¬ÁÏÍø electronics firms rethink uniform starting salaries
Panasonic Connect plans to pay an additional 10% to 20% on top of this year's starting salaries to spring 2025 recruits with past startup experiences or tech skills.
BUSINESS / Companies
Nippon Steel committed to U.S. Steel takeover, executive says
"There is no global strategy without the U.S.," Takahiro Mori, the 911±¬ÁÏÍø company's vice chairman, said this week.
Netflix's subscribers in Japan topped 10 million in the first half of this year, with 911±¬ÁÏÍø content being its third-most-viewed non-English content, after those in Korean and Spanish.
BUSINESS / Companies
Dec 4, 2024
Netflix Japan subscribers top 10 million
By Sam Nussey
The streaming firm's 911±¬ÁÏÍø-language programming is grabbing attention in the growing market.
Mitsubishi has dismissed Gong Huayong, a Shanghai-based copper trader at one of its China units, after finding that he had made unauthorized trades with local companies, including some that were related to him.
BUSINESS / Companies
Dec 4, 2024
Mitsubishi loses $90 million in suspected China metal fraud
By Alfred Cang and Koh Yoshida
The company has dismissed a Shanghai-based copper trader after finding that he had made unauthorized trades with local companies.
The departure of Intel CEO Pat Gelsinger opens the possibility of fresh deal talks.
BUSINESS / Companies
Dec 4, 2024
Intel¡¯s CEO departure opens door to new deal discussions
By Ryan Gould and Ian King
The CEO's departure is also an opportunity for suitors to take another look at acquiring some or all of Intel.
Rakuten Group is targeting the sale of as much as $550 million of subordinated notes with price talk for the deal at around 8.375%.
BUSINESS / Companies
Dec 4, 2024
Rakuten targets its lowest-cost junk bond sale since 2021
By Ayai Tomisawa
The e-commerce giant is targeting the sale of as much as $550 million of subordinated notes that can be called after five years.
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Dec 3, 2024
Nomura CEO takes pay cut after former employee charged with attempted murder
By Kathleen Benoza
The CEO and four other executives will take a 30% pay cut for three months, while five members of the board will take a 20% pay cut for the same period.
U.S. President-elect Donald Trump says he will "block" a planned takeover of U.S. Steel by Nippon Steel.
BUSINESS / Companies
Dec 3, 2024
Trump says will 'block' Nippon Steel from taking over U.S. Steel
Days after the U.S. election last month, Nippon Steel said it expected to close its takeover of the company before the end of the year.
Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei on June 4. When Gelsinger met with the Intel board last week, he was given the option to retire or be removed.
BUSINESS / Companies
Dec 3, 2024
Intel CEO forced out by board frustrated with slow progress
By Ian King, Liana Baker and Ryan Gould
Whoever replaces Pat Gelsinger will face the same set of problems he was brought in to fix, including the fallout from decisions made by his predecessors.

South Korea's Yoon backs down after parliament rejects martial law
Soldiers try to enter the National Assembly building in Seoul, after South Korea President Yoon Suk Yeol declared martial law late Tuesday evening.
BOJ weighs case for first triple hike since Japan¡¯s bubble burst
Bank of Japan Gov. Kazuo Ueda reiterated in an interview published Saturday that authorities will raise rates if the economy performs in line with projections.
Tokyo government to introduce four-day workweek to empower women
Tokyo Gov. Yuriko Koike says she will continue to review work styles flexibly to ensure that women do not have to sacrifice their careers due to life events.
Australian says romance scam tricked her into smuggling drugs into Japan
Donna Nelson says her life was turned upside down when she learned that the man she was falling for had tricked her into smuggling 2 kilograms of methamphetamine into Japan.
Tamaki suspended for three months as DPP leader following affair
Democratic Party for the People chief Yuichiro Tamaki speaks to reporters in Tokyo on Wednesday.
Yoon¡¯s gambit a tempest in a teapot for financial markets
A screen displays market data at Hana Bank in Seoul on Wednesday.
U.S. Space Force launches first unit in Japan
Activated on Wednesday, U.S. Space Forces Japan ¡ª a component similar to the one established at South Korea¡¯s Osan Air Base in 2022 ¡ª will operate out of Yokota Air Base in the city of Fussa, western Tokyo, with a staff of about 10.
Can 911±¬ÁÏÍø scientific community rebound from a Nobel nosedive?
The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Europe eyes 'boots on the ground' in Ukraine as possible peace deal option
A serviceman with the Ukrainian Army's 24th mechanized brigade fires a machine gun during an exercise, amid Russia's attack on Ukraine, in the country's Donetsk region on Friday.
Seven strangers and an algorithm: Can this new dinner app help you make friends?
Timeleft uses an algorithm to match its users with five or six strangers in an effort to prompt ¡°human connection¡± over dinner at a restaurant. It determines the attendees with the help of a simple personality quiz available when you sign up for the service.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo¡¯s Shinjuku Ward.
Kabukicho: Tokyo¡¯s ¡®stadium of desire¡¯

Longform

The National Museum of Emerging Science and Innovation in Tokyo is a popular place to foster curiosity in the natural sciences.
Can 911±¬ÁÏÍø scientific community rebound from a Nobel nosedive?
By Tomoko Otake

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