Page 23 - Japan

EAM discusses India-Japan ties, tourism growth, and challenges with China

EAM Jaishankar also reflected on the shared experiences of India and Japan in terms of their proximity to China

Quad growing as an expensive sort of intergovernmental coordination: EAM

External Affairs Minister S Jaishankar said that Trump's views regarding alliances and US' share and burden sharing does not apply to the Quad as everybody pays their fair share in the alliance

US, Japan, and Philippine forces jointly patrol in South China Sea

The United States deployed a reconnaissance aircraft while Japan and the Philippines sent navy ships in a joint patrol in the disputed South China Sea on Friday, two days after the allied forces condemned actions by Chinese coast guard vessels against Philippine patrol ships. The US Indo-Pacific Command said the joint patrol was conducted in the Philippines' exclusive economic zone by allies and partners to uphold the right to freedom of navigation and overflight " and "other lawful uses of the sea and international airspace." Those phrases are used by the US, Japan and the Philippines to oppose China's increasingly aggressive actions in the disputed waters. Two Philippine security officials said the patrol was staged about 40 nautical miles (74 kilometers) from Scarborough Shoal, a fishing area hotly disputed by Beijing and Manila off the northwestern Philippines. The two officials spoke on condition of anonymity because they didn't have authority to discuss such details ...

Japan looks forward to talks with Trump that include cutting auto tariffs

US was Japan's biggest export destination in 2023 with cars and auto parts making up a third of shipments, according to Japan's Finance Ministry

Trump's easing of regulations to trigger Japan outbound M&A: Citi executive

Trump presidency will also spark business reorganisations, which would swell the number of acquisition targets for Japanese firms, Citi Japan Vice Chairman Masuo Fukuda said

Trump pledges to block purchase of US steel by Japanese steel making firm

President-elect Donald Trump is underscoring his intention to block the purchase of US Steel by Japanese steelmaker Nippon Steel Corp, and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. Trump had vowed early in the presidential campaign that he would instantaneously block the deal, and he reiterated that sentiment in a post on his Truth Social platform on Monday night. I am totally against the once great and powerful US Steel being bought by a foreign company and will use tax incentives and tariffs to make US Steel Strong and Great Again, and it will happen FAST! he wrote. As President," he continued, "I will block this deal from happening. Buyer Beware!!! President Joe Biden, like Trump, also opposes Nippon Steel's purchase of Pittsburgh-based US Steel. Biden's White House in September said that it had yet to see a report from the secretive Committee on Foreign Investment in the United States, which was reviewing the transaction for .

Japanese firms eager to set up semiconductor units in India: Deloitte

Japanese firms are keen to set up semiconductor units in India and they have all the expertise and specialisation to partner with domestic firms, Deloitte has said. It also said that skilled workforce, funds and continuation of support measures are key to push growth of the semiconductor sector in India. Japanese firms are "super enthusiastic" about India, Shingo Kamaya, Deloitte AP and SRT Leader, Deloitte Japan said. In July, Japan became the second Quad partner after the US to sign an agreement with India for the joint development of the semiconductor ecosystem and maintain the resilience of its global supply chain. The two countries signed the memorandum for semiconductor design, manufacturing, equipment research, talent development and to bring resilience in the semiconductor supply chain. With around 100 semiconductor manufacturing plants, Japan is among the top five countries to have a semiconductor ecosystem. Japan houses companies that are global leaders in raw form of .

Nomura has room to cut further $187 mn in costs: CEO Kentaro Okuda

The measures come on top of Nomura's existing plan to cut 62 billion yen ($414 million) of costs in the short- and medium-term, which include optimising information technology

Donald Trump reiterates opposition to Nippon Steel's takeover of US Steel

Japanese PM Shigeru Ishiba wrote to Biden, who has referred the deal to a government panel that reviews foreign investments for national security risks, asking him to approve the transaction

China sentences journalist detained at meal with Japanese diplomat to 7 yrs

A court in Beijing on Friday sentenced a prominent Chinese journalist to seven in years in prison for espionage, his family said. Dong Yuyu, a commentator and editor, was taken away by police while meeting a Japanese diplomat at a restaurant in February 2022. He has been in police custody since then. The Beijing Number 2 Intermediate People's Court read the verdict but did not share a copy with Dong's lawyers or family. No announcement was available on the court's website or its Weibo account. The verdict named then-Japanese ambassador Hideo Tarumi and Shanghai-based chief diplomat Masaru Okada as agents belonging to an espionage organization, according the family's statement. Dong had served as the deputy head of the editorial department at Guangming Daily, one of the five major state-owned papers in China. The paper was once considered more liberal than other state-backed papers. Dong also contributed to the Chinese edition of the New York Times. In his published writings, inclu

India, Japan hold first round of talks on economic security, trade

The first round of the India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, was held in Tokyo on Wednesday during which the two sides underscored the need for "closer collaboration" to protect economic interests and build resilient supply chains and critical infrastructure in identified sectors. Both sides also agreed to bring "concrete results" through enhanced holistic collaboration in focus areas, the Ministry of External Affairs said. The MEA said Foreign Secretary Vikram Misri paid his "first official visit to Japan on Wednesday in the current capacity", and had a series of meetings and interactions with senior officials in the government of Japan. His visit "reinforced the strong and enduring friendship" between India and Japan, rooted in shared values, mutual respect, mutual trust and commitment to regional stability, it said. "Foreign Secretary Vikram Misri co-chaired the 1st round of India-Japan Dialogue on Economic Security, including ...

India, Japan hold first round of economic security, strategic trade talks

The first round of the India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, was held in Tokyo on Wednesday during which the two sides underscored the need for "closer collaboration" to protect economic interests and build resilient supply chains and critical infrastructure in identified sectors. Both sides also agreed to bring "concrete results" through enhanced holistic collaboration in focus areas, the Ministry of External Affairs (MEA) said. "Foreign Secretary Vikram Misri co-chaired the 1st round of India-Japan Dialogue on Economic Security, including Strategic Trade and Technology, in Tokyo on November 27, 2024 along with Vice Minister, Ministry of Foreign Affairs of Japan, Masataka Okano," the MEA said in a statement. The dialogue, attended by stakeholder ministries, departments and agencies from both the governments, was announced during the India-Japan 2+2 ministerial meeting held in New Delhi on August 20. The meeting in Tokyo provided an ..

Engine of Japan's new small rocket explodes during a test for 2nd time

The engine for a flagship new small Japanese rocket burst into flames Tuesday during a combustion test, but there was no injury or damage to the outside, officials said. The second failure in a row raises concern about the progress of the Epsilon S rocket, whose debut is expected for next year. The test was conducted inside of the restricted area at Japan's Tanegashima Space Center in southwestern Japan, and the Japan Aerospace Exploration Agency is investigating, Chief Cabinet Secretary Yoshimasa Hayashi told reporters. The fire was followed by an explosion and plumes of white smoke. Tuesday's failure comes just over a year after the explosion last year of the same Epsilon S engine during a test, according to JAXA. Last year's explosion was related to damage to the ignition systems of the engine and JAXA has since taken the necessary steps, the agency has said. Development of flagship rockets such as Epsilon S is extremely important from the perspective of ensuring autonomy of ..

Staff of Japanese bank signs pledge to 'commit suicide' if they steal

Shikoku, a Japanese bank, is redefining "strong work ethic" after staff members pledged to "commit suicide" if they were discovered to be involved in any financial irregularities

India aiming to finalise carbon deals with Japan, Singapore, and S Korea

Talks over prospective future deals also are taking place with Germany and Sweden

Japan holds Sado mines memorial despite South Korean boycott amid tensions

Japan held a memorial ceremony on Sunday near the Sado Island Gold Mines despite a last-minute boycott of the event by South Korea that highlighted tensions between the neighbors over the issue of Korean forced laborers at the site before and during World War II. South Korea's absence at Sunday's memorial, to which Seoul government officials and Korean victims' families were invited, is a major setback in the rapidly improving ties between the two countries, which since last year have set aside their historical disputes to prioritize U.S.-led security cooperation. The Sado mines were listed in July as a UNESCO World Heritage site after Japan moved past years of disputes with South Korea and reluctantly acknowledged the mines' dark history, promising to hold an annual memorial service for all victims, including hundreds of Koreans who were mobilized to work in the mines. On Saturday, South Korea announced it would not attend the event, saying it was impossible to settle unspecified .

India, Japan resolve to boost co-development of military hardware: Rajnath

The proposed pact was discussed at a meeting between Defence Minister Rajnath Singh and his Japanese counterpart Gen Nakatani

Japan's core inflation at 2.3% in Oct, slows but stays above BOJ target

Increase in the nationwide core consumer price index (CPI), which includes oil products but excludes fresh food prices, compared with a median market forecast for a 2.2 per cent gain

Important to develop ambitious targets: S Jaishankar on India-Japan ties

Calling Japan a "key contributor" to India's economic development, External Affairs Minister S Jaishankar on Tuesday said it is a bilateral relationship of "great trust" and the two countries need to develop "ambitious targets" and work towards realising them. "In a world under flux, we must deliberate on the urgent need to enhance the quality of our economic cooperation," the minister said in his virtual address at the 7th India-Japan Indo-Pacific Forum and 10th India-Japan Track 1.5 Dialogue. Jaishankar spoke of the breadth of the bilateral relationship and said the India-Japan Special Strategic and Global Partnership serves the cause of "regional peace, international stability and global prosperity". "It is a bilateral relationship of great trust and growing substance. But precisely because we have come so far in the last decade, it is important that we develop ambitious targets and work towards realising them," he said. Japan remains a key contributor to India's economic ...

Sony in talks to buy Japan's media giant behind 'Elden Ring' video game

The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks