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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)
  • Thursday, 2 January, 2025
    US politics & policy
    Why it’s hard to be a friend of America

    Nippon Steel’s bid for US Steel shows the flaws in the ‘friendshoring’ approach

    A general view of the exterior of the US Steel Clairton Coke Plant in Clairton, Pennsylvania
  • Thursday, 2 January, 2025
    FT News Briefing podcast12 min listen
    Activist investors give Japan a wake-up call

    A critical mass of shareholder activists are forcing companies to adjust

  • Tuesday, 31 December, 2024
    Japanese business & finance
    Activists push Japan Inc to its ‘great tipping point’, says Suntory head

    Critical mass of shareholder activists forcing companies to adjust

    Takeshi Niinami is shown standing with arms crossed, smiling, and wearing a tie and pinstriped suit
  • Friday, 27 December, 2024
    Japanese business & finance
    Japan’s Nikkei index heads for best year-end close since 1989

    Equity markets have finally surpassed bubble-era levels during rally led by domestic investors

    A person wearing a mask walks past an electronic stock board displaying the Nikkei index
  • Tuesday, 24 December, 2024
    Nippon Steel
    Nippon’s bid for US Steel in Biden’s hands after deadlock on panel vetting deal

    President has already voiced opposition to Japanese company’s takeover plan

    Aerial view of the US Steel Mon Valley Works Clairton Plant in Pennsylvania, with large industrial buildings and smokestacks emitting steam
  • Monday, 23 December, 2024
    Nissan Motor Co Ltd
    Honda and Nissan unveil plan for $58bn merger by 2026

    Mitsubishi Motors may join holding company to form world’s third-largest carmaker

    Makoto Uchida, Toshihiro Mibe, and Takao Kato stand at podiums during a joint press conference. Company logos are displayed above each executive.
  • Thursday, 19 December, 2024
    ExplainerAutomobiles
    What are the bumps in the road to a Honda-Nissan merger?

    Deal terms, Renault’s position, differing cultures and a possible rival bidder could all upset plans for a combination

    Montage of a Nissan and Honda car
  • Thursday, 19 December, 2024
    Bank of Japan
    Yen sinks after BoJ holds rates amid caution over Trump’s impact

    Japan’s central bank governor says ‘one more notch’ of information needed to justify raising rates

    Kazuo Ueda speaking at a press conference
  • Thursday, 19 December, 2024
    Japanese business & finance
    Corporate Japan is steeling itself for hostile interest

    The volume of shareholder activism and dealmaking by private equity has mushroomed

    Tourists and locals crossing the street at night, Tokyo, Japan
  • Wednesday, 18 December, 2024
    News in-depthNissan Motor Co Ltd
    Consolidate to survive: what the Nissan-Honda merger talks mean for Japan Inc

    Carmakers face problems of Chinese competition, a shrinking domestic market and the threat of tariffs

    The two men stand below their respective company logos during a presentation
  • Wednesday, 18 December, 2024
    FT SeriesDon’t miss – HTSI’s most popular stories
    The ultimate Muji experience – across seven floors

    In Ginza, the Japanese brand distils its vision in a ‘retail theme park’

    Muji’s flagship store in Ginza, Tokyo
  • Wednesday, 18 December, 2024
    IPOs
    Chipmaker Kioxia rises on debut at the end of Bain’s long road to IPO

    Private equity group finally floats Japanese flash memory provider at a valuation far below what it paid in 2018

    Memory card products on display at the entrance to Kioxia’s HQ in Tokyo
  • Wednesday, 18 December, 2024
    Nissan Motor Co Ltd
    Nissan and Honda hold merger talks

    The Japanese carmakers are grappling with fast-growing Chinese rivals and sluggish consumer demand for EVs

    The ‘intelligent factory’ at Nissan Motor’s Tochigi plant, the company’s largest in country, around 105km north of Tokyo
  • Sunday, 15 December, 2024
    Global Economy
    Will the Fed signal pause in rate cuts?

    Market Questions is the FT’s guide to the week ahead

    A Wall Street sign in front of the New York Stock Exchange
  • Friday, 13 December, 2024
    Japanese society
    Tokyo plans 4-day working week to boost births

    World’s largest city begins radical experiment as it tries to tackle demographic crisis

    An urban scene featuring a bustling zebra crossing surrounded by modern buildings and greenery. The focus is on a woman walking under a black umbrella in the foreground, contrasting with the business-clad individuals around her
  • Wednesday, 11 December, 2024
    US politics & policy
    Biden administration split over US Steel deal

    Pentagon, Treasury and state department all conclude $15bn Nippon Steel acquisition poses no national security risk

  • Wednesday, 11 December, 2024
    Private equity
    Bain launches $4.3bn counterbid against KKR for Japan’s Fuji Soft

    Takeover battle between private equity firms could trigger wave of aggressive dealmaking in Tokyo

    Bain Capital logo on a blue screen
  • Wednesday, 11 December, 2024
    South Korea Politics & Policy
    South Korean upheaval rattles US plan to counter China

    Washington’s attempt to build alliance in east Asia could founder if a left-wing president succeeds Yoon Suk Yeol

    A protester holds a sign reading: ‘Arrest Yoon Suk Yeol’
  • Tuesday, 10 December, 2024
    Nippon Life Insurance Co
    Nippon Life in talks to buy Resolution Life for $8.2bn in jumbo insurance deal

    Acquisition would be largest-ever overseas agreement by Japanese insurer

    Nippon Life’s logo is displayed at the company’s headquarters in Tokyo
  • Monday, 9 December, 2024
    News in-depthNomura Holdings Inc
    Scandal of attempted murder shakes Nomura’s doorstep sales army

    Violence against elderly couple comes as Japanese bank tries to convince customers to invest in riskier assets

    Kentaro Okuda
  • Thursday, 5 December, 2024
    Japanese business & finance
    US dealmaker Lichtenstein considers return to a less hostile Japan

    Financier sparked backlash with takeover attempts but country has become more receptive to foreign funds

    Warren Lichtenstein
  • Wednesday, 4 December, 2024
    Geopolitics
    South Korea’s tumult is a symptom of China-US strife

    As the globalisation-friendly world order fades, its new geoeconomic course is fraught with risk

    South Korea’s main opposition Democratic Party leader Lee Jae-myung, bottom center, shout slogans during a rally against President Yoon Suk Yeol at the National Assembly in Seoul, South Korea
  • Wednesday, 4 December, 2024
    The Big Read
    Japan’s audacious bid to become a semiconductor superpower

    The government is backing a start-up that aims to upend the economics and geography of the microchip industry. Does it have a chance of success?

    Montage image of Atsuyoshi Koike
  • Monday, 2 December, 2024
    Retail & Consumer industry
    Fast Retailing shares fall over fears for Uniqlo stores in China

    Fashion retailer is concerned founder’s remarks on Xinjiang cotton could trigger boycott and hit more than 1,000 outlets

    The employee bends down under the mannequins to make an adjustment
  • Friday, 29 November, 2024
    Yen
    Yen strengthens past ¥150 against dollar on BoJ rate rise expectations

    Japanese currency’s rally makes it one of the best performing among G10 group this week

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