Page 22 - Japan

Trump to hold rally for Nippon in Pennsylvania as it partners with US Steel

President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in US Steel, which he says will keep the iconic American steelmaker under US-control. Though Trump initially vowed to block the Japanese steelmaker's bid to buy Pittsburgh-based US Steel, he changed course and announced an agreement last week for what he described as partial ownership by Nippon. It's not clear, though, if the deal his administration helped broker has been finalized or how ownership would be structured. Trump stressed the deal would maintain American control of the storied company, which is seen as both a political symbol and an important matter for the country's supply chain, industries like auto manufacturing and national security. Trump, who has been eager to strike deals and announce new investments in the US since retaking the White House, is also trying to satisfy voters, including blue-collar workers, who elected him as

China to resume seafood imports halted over Fukushima discharge, says Japan

China will resume Japanese seafood imports that it banned in 2023 over worries about Japan's discharge of wastewater from the damaged Fukushima Daiichi nuclear power plant into the sea, a Japanese official said Friday. The issue has been a significant political and diplomatic point of tension for the wary Asian powers. Agriculture Minister Shinjiro Koizumi said the two sides reached an agreement after Japanese and Chinese officials met in Beijing and the imports will resume once the necessary paperwork is done. China did not immediately comment. China blocked imports of Japanese seafood because it said the release would endanger the fishing industry and coastal communities in eastern China. Japanese officials have said the wastewater must be released to make room for the nuclear plant's decommissioning and to prevent accidental leaks. They say the treatment and dilution will make the wastewater safer than international standards and its environmental impact will be ...

Japanese washlet bidets gain ground in US despite tariffs, cultural gaps

An industry report last year showed that more than two in five renovating homeowners in the United States are choosing to install toilets with speciality features, including bidet toilet seats

CBI arrests 6, busts 2 illegal call centres for cheating Japanese citizens

The CBI arrested six people and dismantled two illegal call centres for allegedly cheating Japanese citizens using tech support scams, officials said Thursday. After registering the case as part of its crackdown on cybercriminals in Operation Chakra V, the Central Bureau of Investigation (CBI) worked closely with the Japan National Police Agency and Microsoft to identify the syndicate members and their locations. "This collaborative international engagement proved critical in identifying the perpetrators and tracing the operational structure of the syndicates, ultimately leading to the successful crackdown in India," the CBI said in a statement. Once the locations were identified, the CBI teams swooped down on 19 locations in Delhi, Haryana and Uttar Pradesh on Wednesday during which six alleged gang members were arrested and two illegal call centres were dismantled. The arrested were identified as Ashu Singh from Delhi, Kapil Ghakhar from Panipat, Rohit Maurya from Ayodhya, Shubha

Japan expands military build-up against China with US stand in doubt

For the first time, Japan sent destroyers through the Taiwan Strait on two occasions in recent months

Japan loses world's top creditor spot to Germany after 34-year reign

Japan's net external assets hit ¥533.05 trillion ($3.7 trillion) in 2024, a 13% rise from last year, but it was surpassed by Germany, which now leads in net external assets

Softbank's Masayoshi Son floats idea of US-Japan sovereign wealth fund

Son has discussed the plan with US Treasury Secretary Scott Bessent, although it hasn't been formally proposed, the report said.

India beats Japan, now fourth-largest economy: NITI CEO Subrahmanyam

IMF projects India's GDP to cross Japan's in FY25; NITI Aayog chief says India will surpass Germany in 2.5-3 years to claim third-largest economy spot

In the works: Motherson Group's offer to acquire Marelli Holdings

Indian group's offer to be placed before lenders on Monday

Viral manga revives quake fears, Japan tourism hit ahead of summer peak

Bookings to Japan from key Asian markets like Hong Kong and Taiwan drop sharply as viral posts revive a comic book prediction of a July 2025 quake, prompting airlines to cut flights

Ishiba calls for investment focus, not tariffs, in Trump call before talks

Japan's Prime Minister Shigeru Ishiba said Friday that he held telephone talks with US President Donald Trump and agreed to hold productive" discussions at an upcoming tariff talks between the two sides. Investment, not tariffs, Ishiba told reporters after the talks. He said Japan's position to keep pushing Washington to drop all recent tariff measures is unchanged and that he stands by plans to push for Japanese investment to create more jobs in the US in exchange. The two leaders held talks just after Economic Revitalization Minister Ryosei Akazawa, Japan's chief tariff negotiator, headed to Washington for a third round of talks with his US counterparts. In the earlier rounds of talks, the US had not agreed to the Japanese requests. Ishiba said he reminded Trump that Japan's position was for the US administration to scrap all recent tariffs on imports from Japan, to which the US president made no specific response. I expressed my expectations for productive discussion to be held,

India not just future-ready, but shaping that future: FS Misri in Tokyo

Speaking on India's economic landscape at the event, Misri highlighted that India continues to be a highly attractive destination for global capital,

Japan's agriculture minister resigns after inappropriate remark on rice

Japan's agriculture minister said Wednesday that he has submitted his resignation over his inappropriate remark on rice that angered the public. Taku Eto said Prime Minister Shigeru Ishiba accepted the resignation. Eto came under fire earlier this week after saying that he never had to buy rice thanks to his supporters' gifts, triggering an uproar at a time when consumers are struggling with rice shortage and skyrocketing price.

Buying a car in Maharashtra? Proof of parking space may soon be mandatory

If you can't park it, you can't register it. Maharashtra government is likely to mandate proof of parking space for new vehicle registrations; aims to curb congestion and illegal parking in cities

Nissan plans to close 2 car plants in Japan and overseas, including Mexico

Overseas, Nissan is considering ending production at plants in South Africa, India and Argentina, and cutting the number of factories in Mexico

China announces anti-dumping duties on US, EU, Japan and Taiwan

The commerce ministry's findings conclude a probe launched in May 2024, shortly after the U.S. sharply increased tariffs on Chinese electric vehicles, computer chips and other imports

Yes Bank expects Japan's SMBC to maintain at least 20% stake, says CEO

SMBC on Friday said it had signed a definitive agreement to take a 20 per cent stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger

What is Yutori, the Japanese way to fight burnout, balance life and work

In a world that glorifies hustle, the Japanese philosophy of Yutori offers a powerful reminder to slow down, create space, and strike a balance between work and self-care

Nissan to halt operations at some domestic plants for restructuring

Details regarding which specific factories will be affected and whether they will be temporarily suspended or permanently closed are expected to be finalised at a later date

Global free trade is in 'crisis', says WTO chief during Japan visit

Global free trade is in crisis, the head of the World Trade Organisation chief said Tuesday while meeting Japanese Prime Minister Shigaru Ishiba on Tuesday. Ngozi Okonjo-Iweala, director-general of the World Trade Organisation, told Ishiba that she has high expectations for Japan as a champion of open markets as US President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies. Trade is facing very challenging times right now and it is quite difficult, she said. We should try to use this crisis as an opportunity to solve the challenges we have and take advantage of new trends in trade. Japan, as a champion of the multilateral trading system must help maintain, strengthen and reform the WTO, the Japanese Foreign Ministry cited her as saying. They met a day after the United States and China said they had agreed to slash recent sky- high tariffs for 90 days to allow time for negotiations. Japan is among many countries yet to reach a deal with the Tr