Latest Tokyo News

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.  Stocks are falling early on Wall Street Thursday, Sept. 17,  as the late selling from the previous day carries over.  (AP Photo/Mary Altaffer, File)

Asia slightly higher despite Wall Street slump, virus fears

Sep. 17, 2020 11:33 PM EDT

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...

Japan's new Prime Minister Yoshihide Suga attends an extraordinary session at the upper house of parliament Thursday, Sept. 17, 2020, in Tokyo. Suga started his first full day in office Thursday, with a resolve to push for reforms for the people, and he said he is already taking a crack at it. (AP Photo/Eugene Hoshiko)

New Japanese PM gets word out: He supports Tokyo Olympics

Sep. 17, 2020 8:31 AM EDT

TOKYO (AP) — Japan’s new prime minister has gotten the word out to the president of the International Olympic Committee that he is behind next year’s delayed Tokyo Games. Yoshiro Mori, the head of the local organizing committee and also a former prime minister, said Prime Minister Yoshihide...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 17, 2020. Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. (AP Photo/Ahn Young-joon)

Asian stocks retreat on lack of new Fed action

Sep. 16, 2020 11:28 PM EDT

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...

Yoshihide Suga is applauded after being elected as Japan's new prime minister at parliament's lower house in Tokyo, Wednesday, Sept. 16, 2020. Suga was formally elected Wednesday as Japan’s new prime minister in a parliamentary vote, replacing Shinzo Abe. (AP Photo/Koji Sasahara)

Yoshihide Suga named Japan's prime minister, succeeding Abe

Sep. 16, 2020 12:14 PM EDT

TOKYO (AP) — Japan's Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man. Suga bowed deeply several times when the results were announced, as fellow governing party lawmakers applauded in parliament's more powerful lower house. He...

Japan's new Prime Minister Yoshihide Suga, center in front row, poses for a group photo with his cabinet members following the first Cabinet meeting at the prime minister's official residence in Tokyo Wednesday, Sept. 16, 2020. Japan's Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man.(Rodrigo Reyes Marin/Pool Photo via AP)

New Japanese Cabinet retains most key ministers

Sep. 16, 2020 11:51 AM EDT

TOKYO (AP) — New Japanese Prime Minister Yoshihide Suga, elected by parliament on Wednesday after pledging to pursue his predecessor Shinzo Abe's policies, formed a 20-member Cabinet that retains many previous ministers. Here are some key appointees: ___ DEFENSE MINISTER: Nobuo Kishi (new) — Former...

FILE - In this May 3, 2017, file photo, a farmer gathers grass for livestock in Hirado, Nagasaki Prefecture, southwestern Japan. Among the challenges awaiting newly appointed Japanese Prime Minister Yoshihide Suga is the urgent challenge of how to keep the world’s third-largest economy growing as its population ages and shrinks. (AP Photo/Eugene Hoshiko, File)

End of Abe era leaves Japan still searching for way forward

Sep. 16, 2020 9:31 AM EDT

MITO, Japan (AP) — Among the challenges awaiting newly appointed Japanese Prime Minister Yoshihide Suga is the urgent challenge of how to keep the world’s third largest economy growing as its population ages and shrinks. Yoshihide Suga, Abe’s former chief spokesman, was appointed prime...

Yoshihide Suga arrives at the prime minister's office after being formally elected Japan’s prime minister in a parliamentary vote, succeeding Shinzo Abe, Wednesday, Sept. 16, 2020, in Tokyo. (AP Photo/Eugene Hoshiko)

Japan's new PM Yoshihide Suga, self-made and strong-willed

Sep. 16, 2020 6:23 AM EDT

TOKYO (AP) — Before he got Japan's top government job, Yoshihide Suga was known as a “shadow" prime minister and the right-hand man for his long-serving predecessor. When Shinzo Abe announced last month he would resign due to ill health, his chief Cabinet secretary, Suga, said he would come forward...

A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 16, 2020. Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. (AP Photo/Lee Jin-man)

Asian shares mostly higher after Wall Street gains

Sep. 15, 2020 11:59 PM EDT

Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. Benchmarks rose modestly in Tokyo, Hong Kong and Seoul but the Shanghai Composite index was almost flat. Investors are awaiting the outcome of the U.S. Federal Reserve...

FILE - In this June 28, 2019, file photo, South Korean President Moon Jae-in, right, walks by Japanese Prime Minister Shinzo Abe upon his arrival for a welcome and family photo session at the G-20 leaders summit in Osaka, western Japan. When Abe announced his decision last month to step down as Japan’s prime minster over an illness, Moon’s office issued glowing praise about his unspecified contributions to bilateral ties. The rare praise came after years of intense diplomatic rows over wartime history, trade and military issues that sank the relationship between the key U.S. allies to post-war lows. (Kim Kyung-Hoon/Pool Photo via AP, File)

Analysis: With Abe's exit, Seoul seeks to mend Japan ties

Sep. 15, 2020 9:28 PM EDT

SEOUL, South Korea (AP) — It took a bombshell resignation before Japanese Prime Minister Shinzo Abe heard anything nice from South Korea. The rare praise came after years of diplomatic rows and testy confrontations between Abe and South Korean President Moon Jae-in, and only after the Japanese prime...

In this May 4, 2019, file photo, International Olympic Committee President Thomas Bach speaks at the Australian Olympic Committee annual general meeting in Sydney, Australia. Bach and other members have dismissed a new study from the University of Oxford that finds Tokyo is the most expensive Summer Games dating back to 1960. (AP Photo/Rick Rycroft, File)

Tokyo, IOC dismiss study showing Olympic costs rising

Sep. 15, 2020 9:18 AM EDT

TOKYO (AP) — The CEO of the Tokyo Olympics and the IOC member in charge of Japan's games have dismissed a new study from the University of Oxford that finds Tokyo is the most expensive Summer Games since 1960. Tokyo, postponed to 2021 because of the coronavirus pandemic, is only a small part of economist...