Page 16 - Japan

India, Japan defy global deal slump in Q1 CY25: GlobalData report

India's booming startup ecosystem and robust consumption trends, along with Japan's steady corporate restructuring and innovation-led deals, are seen as key drivers of their outperformance

Hitachi elevates Managing Director Bharat Kaushal to executive chairman

Japanese conglomerate Hitachi on Thursday announced the elevation of its Indian Managing Director Bharat Kaushal to Executive Chairman. Kaushal is the first Indian Managing Director of Hitchi in India. He will also continue as acting Managing Director, Hitachi India, Corporate Officer, In charge of Regional Strategies (India), Hitachi Ltd. These changes are effective from April 1, 2025, Hitachi India said in a statement. This "strategic leadership transition to drive continued innovation and sustainable growth in India's digital transformation", the company said. Kaushal was appointed as the first Indian Managing Director in 2017 and since then he has been instrumental in demonstrating exemplary leadership and contributing significantly to the company's growth and success. His vision has propelled Hitachi India's expansion across various sectors, including energy, infrastructure, healthcare, e-education, financial inclusion and urban mobility, while fostering strong partnerships w

Japan is living in future; builds 3D printed train station in just 6 hours

According to a NYT report, the components of this station were 3D-printed somewhere else and were assembled on the site at Hatshushima in March 2025, making it the world's first

US plans to deploy long-range drones near Taiwan: Japan's defence minister

Japanese Defence Minister Gen Nakatani said the security environment around the country was becoming increasingly severe

Japan interested in joining Nato command for supporting Ukraine's mission

Japan on Tuesday expressed interest in participating in the NATO command for its Ukrainian mission based in Germany in what would be a major boost in ties with the largely European alliance. Japanese Defence Minister Gen Nakatani announced his country's interest during talks with NATO Secretary General Mark Rutte in Tokyo. After providing the war-torn country with defence equipment and support, Japan now wants to join NATO Security Assistance and Training for Ukraine, or NSATU, headquartered at a US base in the German town of Wiesbaden. Details of the mission, including the possibility of sending any Japan Self Defence Force members to Wiesbaden, were still to be discussed. But any Japanese cooperation was not expected to involve combat, in line with what has been Tokyo's post-World War II tradition of limiting its military's role. Nakatani said Japan wants to further deepen security cooperation with NATO and that participation in the NSATU mission would help Tokyo learn lessons fro

NSE launches 11 new passive funds tracking Nifty indices in Japan, Korea

A total of eleven new passive funds such as Exchange Traded Funds and Index Funds, which track Nifty Indices, were launched in Japan and Korea during FY 2024-25, the National Stock Exchange of India (NSE) said on Tuesday. Of these, 9 funds track the Nifty 50 index, while one tracks the Nifty India Corporate Group Index, Tata Group 25 per cent, and another tracks the Nifty Midcap 50 Index. At present, there are 33 passive funds tracking Nifty Indices outside India with total assets under management (AUM) of USD 4.3 billion. These products have been launched by large global asset managers. "There is a growing demand from global asset managers for India-focused passive investment products. FY 2024-25 has been a landmark year for NSE Indices with the successful launch of eleven passive products based on Nifty indices outside of India," Aniruddha Chatterjee, MD of NSE Indices, said. "We anticipate this trend to continue with numerous India-focused passive products set to be introduced .

Asian shares gain, Japan's Nikkei jumps 6.5% despite US tariffs concerns

Asian markets opened higher on Tuesday, with Japan's Nikkei 225 share benchmark up 5.5% after it fell nearly 8% a day earlier. The rebound followed a wild day on Wall Street as U.S. stocks careened after President Donald Trump threatened to crank his double-digit tariffs higher. The Nikkei 225 had jumped to 32,819.08 a half-hour after the market in Tokyo opened. South Korea's Kospi gained 2% and markets in New Zealand and Australia also were higher. Asian markets plunged on Monday, with stocks in Hong Kong diving 13.2% for their worst day since 1997, during the Asian financial crisis. The S&P 500 ended down 0.2% on Monday as battered financial markets watched to see what Trump will do next in his trade war. If other countries agree to trade deals, he could lower his tariffs and avoid a possible recession. But if he sticks with tariffs for the long haul, stock prices may fall further. The Dow Jones Industrial Average fell 349 points, or 0.9%, and the Nasdaq composite edged up by .

BoJ warns of heightened uncertainty as Trump tariffs rattle markets

While the BoJ statement did not make direct mention of higher US tariffs, it warned that "some firms voiced concern over the impact on output and profits" from US trade uncertainty

3 of 6 people dead after ambulance helicopter crashes in southwest Japan

A medical transport helicopter carrying a patient fell into the sea in southwestern Japan Sunday, leaving three of the six people aboard dead, the Japan coast guard said. The pilot, Hiroshi Hamada, 66; Kazuto Yoshitake, a helicopter mechanic and a 28-year-old nurse, Sakura Kunitake, were rescued by the coast guard earlier in the day after they were found in the waters clinging to inflatable lifesavers. The three suffered hypothermia, as their body temperatures dropped abnormally, but were conscious, an official with the coast guard told The Associated Press, speaking on condition of anonymity in line with regulations. Yoshitake's first name was initially given with a different spelling, but the coast guard corrected it later. The bodies of medical doctor, Kei Arakawa, 34; Mitsuki Motoishi, 86, the patient, and her caretaker Kazuyoshi Motoishi, 68, were later recovered by a Japan Air Self-Defense Force helicopter. Their hearts had stopped, and they were later confirmed dead by a ...

Japan to urge US for tariff cut but no results 'overnight', says PM Ishiba

Ishiba said Trump's decision to slap tariffs on imports from Japan was 'extremely disappointing and regrettable'

Japan's Nikkei sinks to 18-month low as tariff fears trigger market fall

Asian shares nosedived on Monday after the meltdown Friday on Wall Street over US President Donald Trump's tariff hikes and the backlash from Beijing. US futures also signaled further weakness. The future for the S&P 500 lost 4.2% while that for the Dow Jones Industrial Average shed 3.5%. The future for the Nasdaq lost 5.3%. Tokyo's Nikkei 225 index lost nearly 8% shortly after the market opened and Australia's S&P/ASX 200 tumbled more than 6%. South Korea's Kospi lost 4.4%. Oil prices sank further, with US benchmark crude down 4%, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel. On Friday, Wall Street's worst crisis since COVID slammed into a higher gear. The S&P 500 plummeted 6% and the Dow plunged 5.5%. The Nasdaq composite dropped 5.8%. The losses came after China matched President Donald Trump's big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts

Global leaders vow countermeasures as Trump imposes 'reciprocal tariffs'

Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump's prior 25 per cent fentanyl-related duties remain in place on their goods

US defence secy calls Japan indispensable amid rising Chinese aggression

US Defense Secretary Pete Hegseth called Japan on Sunday an "indispensable partner" in deterring growing Chinese assertiveness in the region and announced upgrading the U.S. military command in Japan to a new "war-fighting headquarters." Hegseth, who is on his first Asia trip with Japan as his second stop, also stressed the need for both countries to do more to accelerate the strengthening of their military capability as the region faces China's assertive military actions and a possible Taiwan emergency. Japan is our indispensable partner in deterring Communist Chinese military aggression, Hegseth said at the beginning of his talks with Japan's Defense Minister Gen Nakatani in Tokyo. "The US is moving fast, as you know, to reestablish deterrence in this region and around the world." His comments come as an assurance at a time when Japan has been worried about how US engagement in the region may change under President Donald Trump's America First policy, Japanese defense officials ..

JICA may soon sign pact to support India's semiconductor manufacturing push

Substantial JICA financing could support Tata's chip unit plans in Gujarat and Assam

S Korea, China, Japan agree to promote regional trade as Trump tariffs loom

The countries' three trade ministers agreed to 'closely cooperate for a comprehensive and high-level' talks on a South Korea-Japan-China FTA

Ireda secures 26 billion Japanese Yen ECB facility from SBI, Tokyo

State-owned IREDA on Friday said it has secured a 26 billion Japanese Yen External Commercial Borrowing facility from SBI's Tokyo Branch, including a green shoe option of 10 billion Japanese Yen. This five-year unsecured facility is set to strengthen IREDA's global market presence, the company said in a statement. "IREDA has signed a facility agreement today for raising external Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a green shoe option of JPY 10 billion. "The landed cost (after hedging) is expected to be below 7 per cent, making it more cost-effective than similar-tenure loans in the domestic market," it said. The company's Chairman & Managing Director Pradip Kumar Das said the facility will enable the company to diversify its resource base and optimize costs, enhancing our lending operations to support India's renewable energy sector. The transaction reflects the strong confidence of global investors in IREDA's financial stability and ...

'Huge opportunity': Japan delegation meets PM Modi, keen to invest in India

The meeting was marked by optimism and enthusiasm, with the Japanese business leaders expressing their eagerness to invest in India and forge stronger ties

Japan considering 'all options' to address US auto tariffs, says PM Ishiba

Analysts say the move could deal a heavy blow on Japan's economy given its reliance on auto exports to the United States

India, Japan likely to sign pact on sharing emission-reduction credits

Once finalised, carbon credits will be tracked through a registry, with joint committees managing projects and certifying credits issued based on reports

What is Unification Church and why did a Japanese court order it dissolved?

A controversial South Korean church with powerful political connections faces dissolution in Japan after a Tokyo court ordered a revocation of its legal status after the government accused it of manipulative fundraising and recruitment tactics that sowed fear among followers and harmed their families. The Tokyo District Court's ruling would end the Unification Church's tax-exempt status in Japan and force it to liquidate its assets. The church said it is considering an immediate appeal to the country's highest court. The Unification Church has faced hundreds of lawsuits in Japan from families who say that it manipulated members into draining their savings to make donations, but for decades it largely escaped official scrutiny and maintained close links with the governing Liberal Democratic Party. That changed in 2022, when former Prime Minister Shinzo Abe was assassinated. The man accused of shooting Abe allegedly was motivated by the former prime minister's links to the church and