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Japan's Nikkei 225 index topped 68,000 for the first time on Wednesday after US stocks pushed further into record territory. The dollar briefly surpassed 160 Japanese yen before slipping back slightly. Oil prices rose more than USD 1 a barrel. Buying of technology shares linked to the boom in artificial intelligence has been driving rallies worldwide. By midafternoon, the Nikkei 225 was up 2.9% at 68,634.74. Shares in computer chip equipment maker Tokyo Electron gained 13.4%, while those for chip testing equipment maker Advantest gained 5.9%. In Hong Kong, the Hang Seng lost 1.7% to 25,596.92, while the Shanghai Composite index added 0.4% to 4,092.53. Australia's S&P/ASX 200 advanced 0.9% to 8,806.40 and Taiwan's Taiex gained 2%. In India, the Sensex lost 1.1%. Markets in South Korea were closed for a holiday. On Tuesday, winners of the artificial-intelligence boom kept driving higher, pushing US stocks to more records. "One thing that stands out in today's market is how littl
Philippine President Ferdinand Marcos Jr. is receiving an exceptional level of hospitality in a four-day state visit to Japan that culminates Thursday. There is a palace banquet, a prestigious national award and a clear message that Tokyo is keen to upgrade ties with a nation it sees as a key defence partner - and major arms customer - at a time of fears over China's military activity in Asia. Marcos' visit ending with his departure Friday has included a greeting by Emperor Naruhito, who gave him the Grand Cordon of the Supreme Order of the Chrysanthemum. On Thursday, Marcos will hold talks with Japanese Prime Minister Sanae Takaichi, which are expected to result in statements further strengthening defence and weapons cooperation. Speaking Wednesday to Japanese lawmakers, Marcos said the emphasis on raising ties to a higher level reflects an "exceptional level of trust" between the nations. Both nations have China firmly in mind as they tighten a military relationship that the Uni
The Japanese economy grew at an annualised rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran. Japan's real gross domestic product, or GDP, the sum value of a nation's goods and services, grew at a seasonally adjusted 0.5% from the previous quarter. It was the second straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. Increased spending by consumers and businesses helped contribute to the stronger than expected results. Higher government spending also supported the expansion. Private consumption rose 0.3% quarter-on-quarter, or at an annualised rate of 1.1%, according to the preliminary data from the Cabinet Office. Public demand rose 0.3% from the previous quarter. Japan's economy contracted in July-September last year, then eked out moderate growth in October-December of 0.2% on-quarter
India and Japan strengthened their strategic partnership in science and technology with the exchange of key agreements in the fields of healthcare innovation and emerging technologies during a high-level bilateral meeting in the national capital.According to an official statement from the Ministry of Science & Technology, on Tuesday, the meeting took place in the presence of Japan's Minister for Science and Technology Policy and Minister of State for Space Policy, Kimi Onoda and Union Minister of State for Science & Technology, Earth Sciences, Jitendra Singh.The discussion expanded cooperation across critical and frontier technologies, with the exchange of a Memorandum of Cooperation (MoC) in the field of health and medical devices between the Japan Agency for Medical Research and Development (AMED), the Indian Council of Medical Research (ICMR), and India's Department of Science and Technology (DST).A Letter of Intent (LoI) on cooperation in Quantum Science and Technology