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Sumitomo partners with Sakana AI to push Japan-built AI model
Economy

Sumitomo partners with Sakana AI to push Japan-built AI model

Trading house will support AI adoption across its 100,000-client network Sakana AI has partnered with Sumitomo Corp. in a bid to sell AI solutions to Japanese businesses of all sizes. (Source photo by Akira Kodaka) TOKYO -- Major Japanese trading house Sumitomo Corp. has partnered with Sakana AI to bring the startup's artificial-intelligence models to its 100,000 or so client companies, helping the Tokyo-based company sell its solutions even to small businesses and giving a huge push to Japan's homegrown technology.

Honda invests in rare-earth-free magnet startup Niron Magnetics
Economy

Honda invests in rare-earth-free magnet startup Niron Magnetics

US company is building a bigger facility to complement existing pilot factory in Minneapolis Honda Motor's investment in Niron Magnetics is the latest example of Japan-U.S. critical minerals collaboration now that China is restricting rare-earth exports. (Source photos by AP and Reuters) NEW YORK -- Japan's Honda Motor is investing in Niron Magnetics, a U.S. startup working to commercialize magnets that do not use rare earths, the latter announced on Wednesday, as both countries face supply chain friction with Beijing over the critical minerals.

Australia’s new envoy to Japan calls out China missile buildup and coercion
Economy

Australia’s new envoy to Japan calls out China missile buildup and coercion

Canberra's former spy chief counters Beijing's accusations of 'militarization' by Tokyo Chinese YJ-17 hypersonic anti-ship missiles are displayed during a military parade to mark the 80th anniversary of the end of World War II in Beijing on Sept. 3, 2025. © Reuters TOKYO -- Andrew Shearer, the newly appointed Australian ambassador to Japan, offered blunt assessments of China's military buildup and what he called economic coercion on Wednesday, drawing on his experience in his previous role as Canberra's spy chief.

Japan eyes employing foreign trainees as airport ground crew
Economy

Japan eyes employing foreign trainees as airport ground crew

Tokyo aims to provide more long-term support for industry facing labor shortage The aviation sector may become eligible for Japan's skill development program, designed to help foreign trainees gain skills and work in the industry for a longer period. (Photo by Suzu Takahashi) TOKYO -- Japan looks to allow recruitment of foreign trainees to work as ground crew at airports, helping provide long-term manpower to a sector facing a labor shortage.

50 years after Mao’s death, Xi still draws power from ‘barrel of a gun’
Economy

50 years after Mao’s death, Xi still draws power from ‘barrel of a gun’

Chinese leader keeps ever-tighter grip on military, eyeing Taiwan as long-sought prize Both Mao Zedong, left, and Chinese President Xi Jinping used control over the military to underpin their leadership. (Nikkei montage/Source photos by Kyodo) BEIJING -- In the 50 years since the death of Mao Zedong, one political principle has held true for the China's Communist Party even as the country has transformed into the world's second-largest economy: Power stems from control over the People's Liberation Army.

Tokyo’s Shinjuku partially bans Airbnb-style rentals in growing crackdown
Economy

Tokyo’s Shinjuku partially bans Airbnb-style rentals in growing crackdown

Districts in capital sharply limit 'minpaku' operations after widespread complaints Tourists visit Tokyo's Shinjuku ward, which is home to the highest number of minpaku rentals in Japan. (Photo by Mayumi Tsumita) TOKYO -- Tokyo officials have taken steps to ban Airbnb-style rentals in the Japanese capital following a flood of complaints from residents.

Japan’s large-ship hydrogen engine cuts CO2 emissions 95%
Economy

Japan’s large-ship hydrogen engine cuts CO2 emissions 95%

Model for tankers and container ships is a world first, Japan Engine says Japan Engine's first hydrogen engine is set to be installed on a Mitsui O.S.K. Lines vessel as early as January 2027. (Mitsui O.S.K. Lines) KOBE, Japan -- Ship engine maker Japan Engine and partners have completed a new hydrogen-fueled engine for large vessels that can slash greenhouse gas emissions by more than 95% compared with conventional models, it was announced on Tuesday.

Russia’s hybrid war in Europe has repercussions in Asia: 5 things to know
Economy

Russia’s hybrid war in Europe has repercussions in Asia: 5 things to know

West's reaction to Moscow tactics watched in China and North Korea, analysts say A police officer in protective clothing and a bomb disposal robot at Leipzig/Halle Airport on Aug. 5, after a drone packed with explosives was found near a runway. © Reuters HAMBURG, Germany -- Russia's escalating hybrid attacks in Europe offer Asia lessons on how to prepare for modern warfare, analysts say.

Iran retaliates against US allies after its oil tankers destroyed
Economy

Iran retaliates against US allies after its oil tankers destroyed

An Iranian crude oil carrier burns after being struck at an unknown location in this still image taken from video released Sept. 8. U.S. Central Command says such vessels were targeted after attempted Iranian missile attacks on an American Navy warship. (Central Command/Handout via Reuters) DUBAI/CAIRO (Reuters) -- The Middle East war intensified on Tuesday with Iranian-backed Houthis in Yemen launching strikes on several Saudi cities, further embroiling a U.S. ally in the conflict, while U.S. forces hit multiple Iranian oil tankers and Iran targeted a U.S. base in Jordan. The Houthis attacked four cities in the south of Saudi Arabia, wounding 73 people and setting oil installations ablaze in what appeared to be a major expansion of the six-month-old war. As global oil markets were pricing in the Saudi attacks, the U.S. military's Central Command said it destroyed five Iranian crude oil carriers on Tuesday and posted video of the strikes, which it called a response to Iran's Islamic Revolutionary Guard Corps targeting a U.S. Navy warship with ballistic missiles twice over the previous two days. No Americans were harmed, the U.S. said. "Iran continues to try to hit U.S.

Tung Chee-hwa, Hong Kong’s first postcolonial leader, dies at age 89
Economy

Tung Chee-hwa, Hong Kong’s first postcolonial leader, dies at age 89

Pro-Beijing heavyweight who failed to introduce security law also had strong ties to West Hong Kong Chief Executive Tung Chee-hwa speaks to journalists after meeting with Chinese leaders in Beijing on Dec. 3, 2003. © AP TOKYO -- Tung Chee-hwa, a businessman who emerged from the shipping industry to become the first chief executive of postcolonial Hong Kong, died on Tuesday, according to his office. He was 89. Tung, also known as C.H. Tung, became one of the city's most influential pro-Beijing political figures after the handover of sovereignty from the U.K. to China in 1997. His term, however, was marked by an ill-fated attempt to impose a national security law and by ensuing large public protests, a harbinger of the unrest and clampdown that would reshape the city years later. In recent years, a reportedly ailing Tung stayed out of the public eye. He had left various positions, including chairman of the Our Hong Kong Foundation, a pro-Beijing think tank, and independent director of Alibaba Group Holding. He stepped down as vice chairman of China's top political advisory organization, the Chinese People's Political Consultative Conference (CPPCC), in March 2023.

China’s tobacco monopoly flexes financial muscle in shoring up banks
Economy

China’s tobacco monopoly flexes financial muscle in shoring up banks

Cigarette maker again serves as 'cash printing press' to supplement finance ministry China's state-owned tobacco monopoly was established with a fundamental purpose "to guarantee national fiscal revenue," and it has become a major investor in state banks. © Reuters TOKYO -- China's state-owned tobacco monopoly has enhanced its position as a major investor in the country's capital-hungry banking sector, flexing its financial muscle to act as a handy "ATM" for the government's latest capital injections.

Japan Railways targets Thai freight market with on-time train transport
Economy

Japan Railways targets Thai freight market with on-time train transport

In country dominated by trucking, JR Freight looks to introduce scheduled service JR Freight aims to make rail cargo transport a viable alternative to trucking in Thailand. (Photo obtained by Nikkei) BANGKOK -- In Thailand, where trucking accounts for most of the cargo transport, the freight unit of Japan Railways Group is betting that shipping by rail will find a foothold.