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Leo Lewis

Tokyo Bureau Chief

Leo Lewis is the Financial Times’ Tokyo bureau chief. Until the August 2024 market turmoil, he wrote award-winning columns and features as Asia Business Editor; and was previously the FT’s Tokyo correspondent, covering financial markets, investment, banking, and a broad sweep of Japanese industry. His experience of Japan and Asia is extensive – before becoming a journalist and working in London for the Independent on Sunday newspaper, he graduated in Oriental Studies. Roles at The Times (of London) included five years as Beijing bureau chief during a period that covered the rise of Xi Jinping.
Email Leo Lewis @urbandirt  on Twitter (link opens in a new browser window)
  • Saturday, 31 May, 2025
    Japanese government bonds
    Japan faces big decisions on tackling bond market volatility

    Fiscal worries and demographic changes knock demand for super-long bonds

    The old and new buildings of the Bank of Japan headquarters in Tokyo
  • Friday, 30 May, 2025
    Asics Corp
    Football boot makers jump out of kangaroo leather

    Japanese sportswear groups Asics and Mizuno to use alternative materials following decades of activist pressure

    Pelé turns away from the goal after scoring, raising his hands in celebration, leaving an Italian player on the ground
  • Friday, 30 May, 2025
    Nomura Holdings Inc
    Nomura hails progress in weaning staff off smoking

    Japan’s biggest bank says it has cut proportion of smokers to just under 15%

    Signage for Nomura outside the company’s head office in Tokyo
  • Wednesday, 28 May, 2025
    Japanese government bonds
    Japan’s 40-year bond sale draws weakest demand since July

    Long-dated debt sells off as concerns mount over world’s third-largest market

  • Tuesday, 27 May, 2025
    Japanese government bonds
    Japanese bonds rally on hopes of less supply

    Finance ministry survey appears designed to confirm that demand for super long-dated JGBs is low

    A montage featuring the Bank of Japan building and Japanese yen notes
  • Tuesday, 27 May, 2025
    Japanese politics & policy
    European companies hail Japan’s embrace of non-US defence procurement

    Tokyo seeks to widen international partnerships on military equipment as Trump administration rattles confidence

    People stand around a display at the DSEI Japan 2025 event, looking at a model of a futuristic aircraft
  • Sunday, 25 May, 2025
    Trump tariffs
    SoftBank founder Son floats idea of US-Japan sovereign wealth fund

    Washington and Tokyo discuss possibility of fund that would make large-scale US tech and infrastructure investments

    Masayoshi Son
  • Saturday, 24 May, 2025
    Life & Arts
    The pride and pain of Japanophilia

    For all the recent complaints of overtourism, Japan at its best has no fear of crowds

    People walking along a path and gathered in groups near a line of cherry blossom trees
  • Friday, 23 May, 2025
    Japanese economy
    Japan inflation climbs at fastest rate in more than 2 years

    High food prices pile pressure on central bank and unpopular Ishiba government

    People walk through Omotesando shopping street in Tokyo
  • Thursday, 22 May, 2025
    Currencies
    Asian currencies boosted by investor bets on US trade deals

    Expectation of bilateral agreements strengthens Korean won and Taiwan dollar against greenback

    A $100 banknote and a new Taiwan dollar banknote
  • Thursday, 22 May, 2025
    Japan
    Japanese leaders need to give up their rice obsession

    Many more people in the country owe their livelihoods to the car industry than to farming

    Illustration of figure in a suit looking at a giant red rice bowl with only a few grains of rice left in it
  • Wednesday, 21 May, 2025
    News in-depthJapanese business & finance
    Corporate Japan warns of $28bn blow from US tariffs

    Top 100 companies either estimate a big hit to profits or say extreme uncertainty hinders efforts to predict impact

    Koji Sato, chief executive of Toyota Motor, bows as he arrives at a media briefing on the carmaker’s earnings in May
  • Tuesday, 20 May, 2025
    Japanese government bonds
    Japan’s long-term borrowing costs hit record high on demand fears

    Yields soar after dismal auction, raising concerns that investors could sell foreign assets and bring money home

    An office employee, wearing a face mask and holding an umbrella, walks past the Bank of Japan building in Tokyo
  • Friday, 16 May, 2025
    Japanese politics & policy
    Japan arms itself against foreign cyber attacks with new law

    Tokyo’s cyber strategy has long been stymied by its pacifist constitution and rigid privacy rights

    hands on a laptop
  • Friday, 16 May, 2025
    News in-depthJapanese politics & policy
    Japan to hold out for better trade deal with US

    Prime Minister Shigeru Ishiba’s unpopular government fears concessions could prompt electoral backlash

    US President Donald Trump, right, shakes hands with Japanese Prime Minister Shigeru Ishiba in the White House, Washington, US in February 2025
  • Thursday, 15 May, 2025
    Trump tariffs
    WTO chief warns US bilateral tariff deals could put trade principle at risk

    Comments from Ngozi Okonjo-Iweala highlight concern that pacts may undermine ‘most favoured nation’ equality concept

    Ngozi Okonjo-Iweala with Shigeru Ishiba in Tokyo on May 13 2025
  • Tuesday, 13 May, 2025
    Japanese economy
    Foreigners snap up $57bn in Japan assets in ‘liberation day’ rush

    Investors buy a record amount of Japanese equities and bonds during April

    A person holding up an umbrella is walking past the screen
  • Thursday, 8 May, 2025
    Nintendo Co Ltd
    Nintendo predicts 15mn Switch 2 sales in tariff-hit first year

    Eagerly awaited games console goes on sale in the US next month at a higher than expected $450

    A Nintendo Switch 2 console
  • Thursday, 8 May, 2025
    The Big Read
    Is Japanese anime the next global IP gold mine?

    Japan’s distinctive cartoons are attracting worldwide audiences, Hollywood studios and private equity companies alike. Who will reap the rewards?

    Montage image of Son Goku from the ‘Dragon Ball’ series; Doraemon, the robotic cat; and Totoro from Studio Ghibli’s animated fantasy ‘My Neighbour Totoro’
  • Thursday, 8 May, 2025
    Japanese business & finance
    Has Japan been an ant or a grasshopper?

    Trump’s trade crisis will answer whether the country’s corporates have saved or danced all summer

    An ant faces off with a grasshopper, the
  • Friday, 2 May, 2025
    Japanese business & finance
    Japan says US Treasury holdings could be ‘card’ in trade talks

    Finance minister Katsunobu Kato hints that country’s more than $1tn in Treasuries gives it leverage in negotiations

    Katsunobu Kato
  • Thursday, 1 May, 2025
    Japanese economy
    Bank of Japan slashes growth forecasts on tariff fears

    Central bank holds interest rates at 0.5% but highlights ‘extreme uncertainty’ around trade

    Kazuo Ueda looks down at a news conference
  • Thursday, 1 May, 2025
    Japanese business & finance
    Japan’s share buybacks nearly triple as governance push gains pace

    Companies opt for placating investors over holding dry powder for tariff uncertainties

    A person enters the Tokyo Stock Exchange building. The entrance is adorned with a large graphic featuring Mount Fuji and Japanese text against a backdrop of a red sun.
  • Wednesday, 30 April, 2025
    FT News Briefing podcast11 min listen
    Japanese investors hope for a corporate shake-up

    Toyota Motor’s $42bn bid for a subsidiary has investors upbeat about similar deals

  • Monday, 28 April, 2025
    Toyota Motor Corp
    Japan shares surge after Toyota spurs hopes for wider corporate shake-up

    Investors bet carmaker’s proposed $42bn take-private bid for parts unit could trigger more deals for subsidiaries

    Akio Toyoda speaking at CES 2025 in Las Vegas. Behind him is a large display featuring the Toyota Woven City logo and an image of Mount Fuji.
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