Page 10 - Japan

US tariff of 15% on Japanese cars, auto parts to take effect from today

President Donald Trump signed an executive order to implement the deal earlier this month, setting a maximum 15 per cent tariff on most of Japan's products, including automobiles

SBI, private banks' ₹13,483 cr Yes Bank stake sale to be 'tax-free'

SMBC's 20% stake purchase marks Japan's biggest bank's entry into India and the largest cross-border deal in the country's financial sector

US, South Korea, Japan launch joint air, naval drills in show of strength

The United States, South Korea and Japan opened an air and naval exercise off a South Korean island Monday in their latest joint drill condemned by North Korea as a "reckless show of strength." The exercise called Freedom Edge is aimed at strengthening the countries' combined operational capabilities in the sea, air and cyberspace and is necessary to counter North Korea's growing nuclear and missile threats, South Korea's defence ministry said. The US Indo-Pacific Command said the exercise will include US Marine and Air Force aerial assets and feature enhanced ballistic-missile and air-defence drills, medical evacuations and maritime operations training, making it "the most advanced demonstration of trilateral defense cooperation to date." The exercise off South Korea's southern Jeju Island runs through Friday. The powerful sister of North Korean leader Kim Jong Un earlier condemned the drills in state media, saying they show the countries' confrontational stance toward the ...

Japan's armed forces spot China's biggest aircraft carrier for first time

The ship was sailing about 200 kilometers (120 miles) northwest of a disputed cluster of islands called the Senkaku in Japan and Diaoyu in China

JICA India chief pushes for opening India market further for investment

Japan and India have recognised key sectors like semiconductors, critical minerals, pharmaceuticals, and clean energy that will receive heightened priority for strategic collaboration

Fed rate cut optimism lifts sentiment, yen falls amid political uncertainty

Much of the focus last week was on elevated long-end bond yields across the globe as investors fretted about the state of various countries' finances from Britain and France to Japan

Japan's Q1 economy grows faster than expected on strong consumer spending

Japan's economy expanded at a stronger rate in the fiscal first quarter than previously estimated, despite worries about US tariffs and domestic political uncertainty, according to government data released Monday. The Cabinet Office said Japan's real gross domestic product, the sum value of a nation's goods and services, grew at a seasonally adjusted 2.2% annualised rate in the April-June quarter from the previous quarter. That was better than the preliminary estimate for 1.0% growth, which came out last month, as solid consumer spending and inventories lifted growth more than previously thought. Quarter-on-quarter, Japan's GDP grew 0.5%, up from the initial estimate for a 0.3% rise, which was also what analysts projected, according to RaboResearch. That marked the fifth straight quarter of growth. The annualised number shows what the growth, or contraction, would have been if the quarterly rate continued for a year. US President Donald Trump's move to raise tariffs on Japanese ..

Japan's PM Shigeru Ishiba resigns following party's election loss

Japan's Prime Minister Shigeru Ishiba announced Sunday he will step down following growing calls from his party to take responsibility for a historic defeat in July's parliamentary election. Ishiba, who took office in October, had resisted demands from mostly right-wing opponents within his own party for more than a month. The resignation comes one day before his Liberal Democratic Party will decide whether to hold an early leadership election a virtual no-confidence motion against him if approved. Ishiba said he would start a process to hold a party leadership vote to choose his replacement and that there was no need for Monday's decision.

Japan's stressed bond market, stocks brace for PM Ishiba exit reaction

Yields on super-long Japanese government bonds (JGBs) have already been hovering near record highs due to global concerns about fiscal deficits and domestic political pressure on Ishiba

How Japan will pick its next leader following PM Ishiba's resignation

The process to pick Japan's next leader is more complicated than before

Japan's PM Shigeru Ishiba to resign following party's election loss: Report

Japan's Prime Minister Shigeru Ishiba has expressed his intention on Sunday to step down following growing calls from his party to take responsibility for its big loss in the July parliamentary election. Ishiba, who took office in October, has resisted demands from mostly rightwing opponents within his own party for more than a month. Ishiba's move comes one day before his Liberal Democratic Party will decide whether to hold an early leadership election a virtual no-confidence motion against him if approved.

Trump signs order on US-Japan trade deal, applies 15% baseline tariff

The order mentioned that Japan would also purchase US-made commercial aircraft, as well as United States defence equipment

Japan PM Ishiba hails Trump's order to cut tariffs on autos, other imports

Japan's Prime Minister Shigeru Ishiba welcomed US President Donald Trump's signing of an order to implement lower tariffs on automobiles and other Japanese imports as a step that addressed uncertainty for key industries. The reduction to 15 per cent from the previous 25 per cent was agreed between the two sides on July 22. Tariff negotiations between Japan and the United States were the top priority for the government, and we have put all our effort into achieving an agreement in the best possible way as soon as possible, Ishiba said Friday. The way it was achieved is just excellent. The step on tariffs comes as the Japanese prime minister faces pressure from right-wing rivals within his party to resign over the party's July election loss. In Washington, Japan's top tariff negotiator, Ryosei Akazawa and his US Commerce Secretary Howard Lutnick also signed a joint statement, confirming a USD 550 billion Japanese investment in US projects. Akazawa said Trump's order brings down tar

US commerce secy hails $550 billion trade deal with Japan as 'game changer'

He added, 'We will use the funds to build our energy infrastructure, chip manufacturing, critical minerals mining, and shipbuilding to name a few'

Asian shares slip after US stocks sink, Japan faces political uncertainty

Asian shares declined Wednesday, echoing a fall on Wall Street, as political uncertainty took centrestage in Japan, making for cautious trading on the Tokyo Stock Exchange. Japan's benchmark Nikkei 225 shed 0.2 per cent in morning trading to 42,222.36. The fate of Japanese Prime Minister Shigeru Ishiba has been uncertain for weeks, with calls growing both for him to resign and to remain, after a recent election defeat and the rise of fringe parties have shaken public faith in the ruling Liberal Democratic Party. Confidence was rocked further by a recent comment from Ishiba's ally, Hiroshi Moriyama, who said he was stepping down as party secretary general. The political tremor is domestic, with Prime Minister Ishiba's key power broker signalling his resignation, shaking the foundations of the ruling party, said Stephen Innes, managing partner at SPI Asset Management. Australia's S&P/ASX200 slipped 1.1 per cent to 8,800.60. South Korea's Kospi edged up 0.3 per cent to 3,181.37. Hong

Japanese shipping major MOL in talks with govt to build ships in India

Japanese shipping major Mitsui OSK Liners (MOL), the world's second largest company in terms of fleet size, is in talks with the Indian government to build ships in the country to become part of India's maritime growth story, a top official said on Tuesday. MOL (India) South Asia Middle East Region Executive Officer Capt Anand Jayaraman said MOL (India) has re-registered 13 ships in India (10 under MOL India and 3 under IFSC) out of its total fleet of 935 vessels. "We are a shipowner company...India is where growth is, and the country has also announced a subsidy scheme for the shipping sector," he said in a media briefing. According to Jayaraman, the 141-year-old company is currently the 4th largest shipowner in India, and it aspires to become 2nd largest shipowner in India. "Aligning with the government of India's push, we are discussing with the government to build ships in India...Shipbuilding is a high capital-intensive business. We will work with shipyards," he said. Jayara

Beyond the bullet train: Japan's expanding role in India's infrastructure

India and Japan ramp up ties with a $67 billion investment plan as Tokyo's funding footprint grows beyond bullet trains to metros, freight corridors, bridges, and water projects

PM Modi concludes Japan-China visit, stresses India's stance at SCO Summit

Describing the visit as "productive" in a post on X, PM Modi said he emphasised India's position on key global issues during his engagements

Best of BS Opinion: India's tariff woes will need careful handling

Today's Opinion Page is dominated by the issue of US tariffs, and what India can do to mitigate its effects. How will it impact India's GDP, and is turning to China really a wise call. Read on.

Southeast Asia factories gain momentum as Japan, South Korea face slowdown

In Indonesia, output and new orders increased for the first time in five months and production in Thailand rose at the fastest pace in 13 months, according to S&P Global data