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China hikes visa fee sevenfold for Japanese visitors, citing ‘reciprocity’
Economy

China hikes visa fee sevenfold for Japanese visitors, citing ‘reciprocity’

Tokyo increased cost for all foreign visitors in July to cover processing expenses China is increasing visa fees only for Japanese nationals in response to Tokyo raising overall visa fees in July. (Photo by Tomoki Mera) BEIJING -- China will raise visa application fees for Japanese citizens by roughly sevenfold on Monday, the country's embassy in Japan said Friday, in response to a similar hike by Tokyo earlier this year.

Over 20% of young Japanese plan to never marry: survey
Economy

Over 20% of young Japanese plan to never marry: survey

Financial factors keep eroding desire for children among wedded couples A Japanese government survey suggests that marriage is losing its appeal for younger generations. © Reuters TOKYO -- The share of young Japanese people saying they have no intention of ever marrying topped 20% for the first time in a government survey released Friday, while the desired number of children continued to decline.

How 9/11 accelerated China’s rise and the decline of US hegemony
Economy

How 9/11 accelerated China’s rise and the decline of US hegemony

Wars in Middle East gave Beijing room to become economic and military challenger An American flag seen on Sept. 9 in front of a backdrop of lower Manhattan, where the World Trade Center once stood. © Reuters TOKYO -- In the course of history, a brief moment can alter a decades-long trajectory. The terrorist attacks on Sept. 11, 2001, which marked the beginning of the end of American unipolar dominance and helped accelerate China's rise, are a prime example.

Japan eyes next-gen fast breeder reactors as China, Russia lead
Economy

Japan eyes next-gen fast breeder reactors as China, Russia lead

Technology would lower uranium import dependence but presents challenges The Japan Atomic Energy Agency's Monju, a prototype fast breeder reactor, was decommissioned in 2016. (Photo by Maho Obata) TOKYO -- Japan is weighing the construction of a next-generation fast breeder nuclear reactor, a technology that would reduce the country's dependence on imported uranium.

Through the Lens: Record rainfall in Nagoya wreaks havoc on Asian Games
Economy

Through the Lens: Record rainfall in Nagoya wreaks havoc on Asian Games

Pedestrians navigate a flooded street on Sept. 8 after record rainfall hit Nagoya city. © Kyodo Just 11 days before the official start of the Asian Games in Nagoya, a band of heavy clouds developed over the central Japanese region before pouring down and wreaking havoc on the host city, threatening the opening of the quadrennial event. The city recorded 104.5 millimeters of rainfall in an hour, the highest ever, and issued an emergency alert to its population of approximately 1.17 million. The unprecedented downpour flooded streets and caused major disruption to transportation. Train, subway and bus services were suspended, leaving commuters stranded. At Nagoya Station, large crowds gathered to check their train status on electronic signboards. Around 3,500 people sheltered at 17 temporary sites. Much of the city was flooded. Water flowed onto train stations, turning the JR Chuo Line tracks into a river. Cars were stranded in flooded underpasses. Around 400 athletes participating in the Games were temporarily evacuated to a safe location. They later returned to Garden Pier after the evacuation order was lifted. Despite the disruption, the Games are expected to proceed as scheduled.

China’s BYD shelves plan for own Malaysian plant, looks to local partner
Economy

China’s BYD shelves plan for own Malaysian plant, looks to local partner

EV maker says talks with domestic player over assembly are at an 'advanced stage' BYD did not disclose the exact reason for abandoning plans to build its own assembly plant in Malaysia. © Reuters KUALA LUMPUR -- Chinese auto giant BYD has shelved plans to set up its own assembly plant in Malaysia and is instead in "advanced talks" with a local partner to meet its production aims in the country.

Bank of Japan set to raise policy rate to 1.25% next week
Economy

Bank of Japan set to raise policy rate to 1.25% next week

Facing inflationary pressure, central bank accelerating pace of rate hikes Bank of Japan Gov. Kazuo Ueda speaks to reporters in Tokyo on July 31. (Photo by Marie Yoshimura) TOKYO -- The Bank of Japan plans to raise its key interest rate to 1.25% from the current 1% at its policy board meeting on Sept. 17 and 18 in a bid to contain inflationary pressure amid rising crude oil prices and the depreciation of the yen, Nikkei has learned. With the rate last raised in June, the possible increase will mark the shortest span of months in the current rate hiking phase that started in March 2024.

Indonesian ministers at odds over mass bank account opening plan
Economy

Indonesian ministers at odds over mass bank account opening plan

Officials disagree whether new accounts should be limited to citizens over 17 without one Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto, left, and Finance Minister Purbaya Yudhi Sadewa have disagreed publicly over the scale of a government scheme to ensure all citizens age 17 and over have a bank account. © AP JAKARTA -- Indonesia's finance and senior economic ministers have publicly disagreed over the scale of a scheme to ensure that every citizen over 17 has a bank account, highlighting the government's lack of consistency in policymaking.

China dips back into oil market as Hormuz hostilities stoke prices
Economy

China dips back into oil market as Hormuz hostilities stoke prices

After drastic pullback cushioned war shock, analysts say country keen to shore up inventory A tanker unloads imported crude oil in Qingdao, China, on Sept. 2. Chinese oil imports have rebounded from lows after the outbreak of the Iran war, although they remain below prewar levels. (Costfoto/NurPhoto via Getty Images) TOKYO -- China is returning to the oil market at a time when renewed hostilities in the Strait of Hormuz are putting upward pressure on prices.

Can Bessent’s ‘I am the house now’ warning keep the yen strong?
Economy

Can Bessent’s ‘I am the house now’ warning keep the yen strong?

Yen-buying starts to lose steam as fundamentals point to weak currency "I am the house now." That was the warning U.S. Treasury Secretary Scott Bessent gave currency traders on Tuesday. © AP TOKYO -- Yen buybacks on the foreign exchange market seem to be taking a breather, raising questions as to how effective U.S. Treasury Secretary Scott Bessent's comments can be in keeping the Japanese currency strong.

Hong Kong Tiananmen vigil organizers sentenced to up to 7 years, 3 months
Economy

Hong Kong Tiananmen vigil organizers sentenced to up to 7 years, 3 months

Disbanded pro-democracy group also fined $192,000 in landmark 'subversion' case The Hong Kong Alliance in Support of Patriotic Democratic Movements of China leads a vigil in the city's Victoria Park on June 4, 2017, against a backdrop that reads "Vindicate June Fourth." Albert Ho Chun-yan and Chow Hang-tung are seen holding a text together, while Lee Cheuk-yan, center in a black shirt, holds a candle. (Photo by Kenji Kawase) TOKYO/HONG KONG -- Prison sentences were handed down Friday for three former leaders of a civil group that held annual candlelight vigils in Hong Kong for victims of the June 4, 1989, Tiananmen Square crackdown in Beijing.

Chinese Nvidia challenger Enflame jumps 179% in Shanghai market debut
Economy

Chinese Nvidia challenger Enflame jumps 179% in Shanghai market debut

Tencent-backed 'little dragon' raises $910m; tech stocks' post-IPO slumps draw scrutiny Enflame's products are displayed during the World Artificial Intelligence Conference (WAIC) in Shanghai in July 2026. (Photo by Tomoko Wakasugi) HONG KONG/SHANGHAI -- Shanghai Enflame Technology, one of China's leading makers of artificial intelligence chips and the country's answer to Nvidia, rose 179% in its first day of trading on Shanghai's bourse on Friday, after the company flagged a lower valuation relative to peers.