News

Sales of Nintendo’s Wii U console have been weaker than expected, leading to slashed profits

Sony cuts profit forecast because of strong yen

Sony fuelled fears of a global recession yesterday as it issued a profits warning and warned it had been badly hit by the strength of the yen and plunging demand for flat-screen televisions and digital cameras.

Bank of Japan injects cash into flailing markets

Japan's central bank today injected a total of 2.5 trillion yen (US $24 billion) into money markets and issued a statement vowing to take measures to maintain stability in the country's financial markets.

The Japanese town hit by 'Typhoon Girl'

Kate Graham explores Obuse, a little corner of Japan being given a make-over by a visionary American expatriate

Hotel of the week: Nothing gets lost in translation in the luxurious Peninsula

Only the downright lazy stay holed up in their room in Tokyo, where the "different-planet" thrills are felt at every street corner. But it is very hard to leave The Peninsula. An outpost of the historic hotel in Hong Kong, checking in here is an indulgent option.

Toshiba slashes profits forecast after losing DVD format battle

Toshiba has slashed its profit forecasts by 31 per cent after warning that the cost of losing the battle with Sony for next-generation DVD technology would run into billions of yen.

Stocks tumble across the globe

Stock markets across the world felt the shuddering impact yesterday of the Bear Stearns collapse. Words such as "crash" and "panic" reverberated over the trading floors, with fears of worse to come. Its effects were felt from Tokyo to New York, knocking down the paper value of almost any business that might be exposed to the credit crunch.

Dollar falls to record low against euro

Fears that stresses in credit markets and the world economy as a whole are deteriorating despite central bank help hit financial markets today, sinking global stocks and sending the dollar tumbling.

Japanese embrace the mobile phone novel

In Deep Love, a wildly popular Japanese story of teenage heartbreak, Ayu decides to pay for her boyfriend Yoshiyuki's life-saving heart surgery by prostituting herself. But instead of using the money on the operation, his parents spend it. Ayu dies of Aids.

Luxury gap: how Japan turned into a nation of the haves and the have-nots

It used to be described as a nation of 100 million middle-class people. But the <i>nouveau riche</i> have taken to flaunting their wealth &ndash; while the rest of society prepares for a recession. By David McNeill

Japan's ryokans: inn with the new

For centuries the ryokan was the last word in traditional Japanese hospitality. Now it's getting a boutique makeover and that's shocking the purists, says Kate Graham

Travel news: Pill-free in India

Travel to the Indian subcontinent will become much easier if a recommendation from a network of infectious disease specialists is adopted. The group, called TropMedEurop, says holidaymakers should forget malaria tablets and concentrate on avoiding bites. A study concluded that the dangers from taking prophylactic drugs rated higher than the risk of disease.

Japanese baths guilty of race bias

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