Manatomo Yoneyama, president of Sumitomo Mitsui Trust Bank, speaks during an interview at the bank's headquarters in Tokyo's Chiyoda Ward on May 22. | JIJI Sumitomo Mitsui Trust Bank plans to invest ¥360 billion ($2.2 billion) to ¥380 billion in digital technologies over three years, President Manatomo Yoneyama said in an interview. The bank also plans to spend ¥30 billion to optimize its operations. It will utilize artificial intelligence technology for office tasks and reposition some 900 employees to client-facing roles. The bank made an AI agent, which can handle people's tasks, "100% internally," said Yoneyama, who took the helm of Sumitomo Mitsui Trust in April after working on digital innovation at the bank. He said the bank is "sensing the advantage" of the in-house development, including smooth utilization of data. It aims to sell the AI agent in fiscal 2028.

Former Yomiuri Giants manager Shinnosuke Abe was referred to prosecutors on suspicion of assaulting his eldest daughter, though it is believed the police attached a recommendation for leniency. The Metropolitan Police Department on Tuesday sent papers to prosecutors on Shinnosuke Abe, former manager of the Yomiuri Giants, on suspicion of assaulting his eldest daughter. The MPD is believed to have attached a recommendation for leniency. Abe, 47, has admitted to the allegations, according to investigative sources. In the case referred to prosecutors, Abe is suspected of grabbing his 18-year-old daughter by the collar and pushing her down at his home in Shibuya Ward in the capital at around 7 p.m. on May 25. Police arrested Abe at the scene but released him shortly afterward.

The number of public school students requiring special Japanese-language instruction reached a record high of 84,759 in fiscal 2025. The education ministry plans to launch a model project in fiscal 2027 to provide basic Japanese-language instruction for school life and classes to children of foreign nationals living in Japan. In response to an increase in the number of such children, the ministry aims to establish guidelines for effective language lessons through the project. The number of public school students requiring special Japanese-language instruction, including those who are unable to communicate adequately in daily Japanese conversation, reached a record high of 84,759 in fiscal 2025, which ended in March this year. The number doubled over the past nine years, according to the ministry. Of those students, about 10% were not given sufficient instruction at their schools due to staff shortages and other reasons.

OpenAI, founded in San Francisco in 2015 as a nonprofit research lab, burst into the mainstream with the launch of ChatGPT in November 2022. It has since restructured as a for-profit corporation. SAN FRANCISCO, UNITED STATES - ChatGPT-maker OpenAI on Monday took the first step toward going public, one week after archrival Anthropic announced its own filing, as both companies look to raise the massive sums needed to expand. In a social media post, the Sam Altman-led company said it had confidentially submitted an S-1 registration statement to U.S. securities regulators but had "not decided on timing yet" for any potential debut. OpenAI's move follows a confidential filing by Anthropic, the maker of the Claude chatbot, which announced last Monday that it had taken the same step. In a time of both misinformation and too much information, quality journalism is more crucial than ever.

South Korean President Lee Jae Myung is placing his hopes on former Naver Chief Executive Han Seong Sook to help better use the nation's tech expertise for future growth and ensure its benefits spread more widely through the economy. Han will become the country's second female premier, assuming her appointment is approved by the national assembly, elevating a former technology executive to one of the nation's highest political posts. The tapping of Han underscores Lee's commitment to shoring up future growth of the domestic economy and the need to leverage a wider range of industries. During her five years at the helm of Naver, a company sometimes called the Google of Korea, Han helped broaden its revenue streams beyond its search engine model to also draw on e-commerce, fintech and content generation. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.