Sumitomo to bolster shareholder returns in new midterm plan
Trading firm Sumitomo said it will buy back its stock and adopt a progressive dividend policy, bringing it in line with the other four major peers in an effort to boost shareholder returns.
Trading firm Sumitomo said it will buy back its stock and adopt a progressive dividend policy, bringing it in line with the other four major peers in an effort to boost shareholder returns.
Japanese officials may have spent some ¥3.66 trillion ($23.59 billion) on Wednesday to pull the yen back from near 34-year lows, Bank of Japan data suggested Thursday.
If you’re not fazed by the possibility of being deeply unsettled, catching a performance by the Japanese artist known as Saeborg (a self-styled “imperfect cyborg that is half human and half toy”), at the Museum of Contemporary Art Tokyo, should be a good Golden Week outing.
On the corner of a main crossing in Tokyo’s trendiest district, there used to be a building called the Harajuku Central Apartment. Built in 1958, it was often regarded as the place for young creatives to gather if they needed a spark of inspiration, especially during the 1960s and 70s.
Plans are taking shape in Okinawa Prefecture to construct a monumental lion-shaped statue, or shisa, from the damaged tiles of the fire-ravaged Shuri Castle.
U.S. Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S. stock and bond investors, as uncertainty over the path of inflation intensifies the focus on upcoming data.
Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.
U.S. President Joe Biden included ally Japan along with rivals China and Russia in a list of countries he called "xenophobic” on Wednesday, in a speech at a campaign fundraising event in Washington.
Solomon Islands' lawmakers elected China-friendly former foreign minister Jeremiah Manele as prime minister on Thursday, choosing him over an opposition leader intent on curbing Beijing's reach in the Pacific nation.
On a Monday morning last month, tech executives, engineers and sales representatives from Amazon, Google, TikTok and other companies endured a three-hour traffic jam as their cars crawled toward a mammoth conference at an event space in the desert, 50 miles outside Riyadh, Saudi Arabia.
A senior U.S. official on Thursday urged China and Russia to match declarations by the United States and others that only humans, and never artificial intelligence, would make decisions on deploying nuclear weapons.
Japan’s average temperature in April was the highest in nearly 130 years due to the lingering effects of El Nino, a climate phenomenon that causes higher sea water temperatures, since last year.
Renowned pianist Fuzjko Hemming, known for her human touch in her performances, died of pancreatic cancer on April 21, the Fujiko Hemming Foundation said Thursday. She was 92.
Noto Island in the city of Nanao, Ishikawa Prefecture, is believed to be home to the world's northernmost population of southern bottlenose dolphins.
A persistent labor shortage and tepid demand for timber are complicating Japan's efforts to mitigate pollen allergies by reducing the number of cedar trees, raising concerns about the feasibility of its ambitious forestry goals.
Japan's yen-buying currency market intervention may not be sending tremors through the U.S. bond market just yet, but that calm could be disturbed if Tokyo gets drawn into a drawn-out battle to prevent the exchange rate from weakening much further.
Japan’s companies are expressing unusual discomfort with the weak yen, just as the country’s government appears to be stepping in to prop up the tumbling currency.
A Saudi court's decision to sentence fitness influencer Manahel al-Otaibi to 11 years in prison highlights what activists describe as a fierce crackdown on even vaguely critical online speech.
With blistering speed, the rich countries that built their wealth on coal-powered industrialization are turning their backs on dirty energy.
Starbucks CEO Laxman Narasimhan, who officially took over the coffee behemoth just over a year ago, cut annual guidance for a third straight quarter Tuesday after the company’s worst performance since the pandemic. Each of Starbucks’ geographic segments posted a decline — including all-important China, where comparable sales fell 11%.
I was on the whole disappointed by this year’s Whitney Biennial — it was hard for me to tell if one video installation was art or an HR training video — but as an economist, I have to admit the exhibition was successful in at least one respect: It did what art is supposed to do, which is to hold up a mirror to our society and economy. And this year’s biennial shows how America’s elite institutions are stifling innovation and creativity.
Saudi Arabia has stepped up the arrest of citizens for social media posts related to the Israel-Hamas war as the kingdom signals a readiness to agree to diplomatic relations with the Jewish state — if it commits to Palestinian statehood.
There’s a gray area in artificial intelligence filled with millions of humans who work in secret — they’re often hired to train algorithms but end up operating much of their work instead.
Many Bank of Japan (BOJ) board members agreed that the country's long-term interest rates should be set by markets, with some saying the central bank should at some point slow the pace of bond buying, minutes of their March policy meeting showed on Thursday.
Prime Minister Fumio Kishida and French Prime Minister Gabriel Attal on Wednesday agreed to expand bilateral ties in various fields, including the economy, security and culture.