Tokyo vows at G-7 to cut off overseas coal financing this year
TOKYO -- Japanese Prime Minister Yoshihide Suga has committed to ending government support this year for overseas coal power projects led by domestic companies without offsets, bringing his country in line with Group of Seven peers in their stance against the fossil fuel.
Suga's promise Sunday at the G-7 summit in the U.K. marks a step forward from May, when Japan agreed at a meeting of environmental ministers to take specific actions on ending coal funding in 2021.
The move to create a united front

Gamer nations: Apps cash in on country-sized player populations
TOKYO -- More than 10 video game titles boast at least 100 million users worldwide, opening up lucrative secondary markets for in-game purchases that are larger than most nations.
E3, one of the world's biggest gaming conferences hosted in the U.S., opened this weekend as a virtual event after canceling last year. Microsoft stole the show Sunday by announcing that hit title Among Us will be made available for download on Xbox consoles.
The strategy game, in which crewmates and "

Japanese companies can lead the world on human rights
Ben Fouracre is the Japan representative for the Berkeley Research Group. Jody Ono is adjunct professor at Hitotsubashi University Business School, and is an outside director at Mabuchi Motor.
It is the email CEOs are receiving much more frequently these days: "We've received a letter from an NGO asking what we are doing about forced labor at our suppliers in Southeast Asia."
Not new: companies fielding questions on their business practices. New: the close scrutiny, the sharp tools and the steepening expectations for ethical supply practices,
Japan scrambles to vaccinate defense forces ahead of flood season
TOKYO -- Japan began vaccinating Self-Defense Forces members against the coronavirus Monday, readying the emergency and national security responders to mobilize for the floods and typhoons common in the summer.
The country has fallen behind others in inoculating defense personnel, who generally live and train in groups and face a higher risk of COVID-19 clusters.
The strengthened program took advantage of open appointments at an SDF-run mass vaccination site in Tokyo, where 1,650 slots for Monday remained unfilled the day before.
SDF

COVID gives Japan 'last chance' to reverse digital defeat
TOKYO -- Each day, dozens of residents in Tokyo's Setagaya district visit an office to sign up for a My Number identification card. Officials take each visitor's photo, make copies of their existing ID documents and ask them to write down four passwords. The information gets sent back to the local government, and it can take months before the card is issued.
The process has been slow due to COVID-related restrictions. Residents are asked to book appointments in advance, and slots are limited to prevent

Shenzhen housing crackdown creates flourishing black market
GUANGZHOU -- A 1 million yuan banana?
In early May, one real estate brokerage in a bustling Shenzhen neighborhood put on its window a list of what appeared to be fruit prices.
From a 10 million yuan ($1.56 million) durian to a 1 million yuan banana, the document seemed nonsensical to the untrained eye. But for those in the know, it served as code referring to homes for sale on the city's growing black market for property.
The disguised listings were a response

Nippon Yusen to order 12 LNG-fueled car transporters for $912m
TOKYO -- Japan's maritime shipper Nippon Yusen will invest over 100 billion yen ($912 million) in 12 new vehicle transporters fueled by liquefied natural gas, as auto manufacturers seek to reduce carbon dioxide emission in their supply chains, Nikkei has learned.
Nippon Yusen's order is the biggest in Japan for LNG-fueled ships. Such ships are expected to produce 25% less carbon dioxide emissions compared with current transporters fueled by petrol.
Carmakers have been trying to reduce emissions in
East Asia must adapt to retain its economic advantages
Marthe M. Hinojales is an economist and Vanne Khut is a researcher at the ASEAN+3 Macroeconomic Research Office.
Global value chains have long formed the backbone of economic growth and trade, especially in East Asia.
Cheaper manufacturing costs from lower wages and an abundance of raw materials strongly appealed to Western multinationals seeking to set up their bases overseas.
Supported by strong foreign direct investment inflows, East Asia's regional economies witnessed rapid economic growth over the past several decades. Other economies have attempted to replicate this growth strategy -

Asia takes stock of Israel PM Bennett after 12 years of Netanyahu
TOKYO -- Asia woke up on Monday to find that a fixture of international politics, Israeli Prime Minister Benjamin Netanyahu, had been ousted from power after a 12-year run.
Following four elections since 2019, an awkward coalition of right-wingers, liberals and an Islamist Arab party finally cobbled together a razor-thin advantage in the Knesset, Israel's parliament. Naftali Bennett, a 49-year-old nationalist and tech millionaire who has described himself as "more right-wing
Southeast Asians jumping on NFT bandwagon to boost incomes
JAKARTA/MANILA -- Ever since digital artist Beeple sold his NFT artwork at Christie's for $69 million in March, nonfungible tokens have been in vogue. Skeptics see the blockchain-based technology as just another fad, but proponents believe it could change the world of finance.
And while the talk of revolution may be overblown, NFTs are indeed changing the lives of some Southeast Asians, from those struggling to make ends meet to budding artists who are using the tokens to earn valuable extra income.
Gilbert Jalova
