Page 28 - Japan

Nomura hires Sudhir Nemali as international wealth chief operating officer

Nemali, who has over three decades of wealth management experience, is joining from Deutsche Bank, where he was most recently the chief operating officer for wealth management

Hyundai launches $18,000 compact EV in Japan to penetrate EV-wary market

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

Ramayana: The Legend of Prince Rama gets new release date for this month

India-Japan collaborative animated movie 'Ramayana: The Legend of Prince Rama' is releasing this month. The makers have shared the new date of release on Instragram

Japan's PM heads to Malaysia, Indonesia to boost defence, economic ties

Japanese Prime Minister Shigeru Ishiba on Thursday began a trip to Malaysia and Indonesia as part of an effort to strengthen defence and economic ties with Southeast Asia as China's threats grow in the region. The visit, his first for bilateral talks outside of international meetings, shows Japan's commitment to further those ties even as the US presence in the region may decrease after President-elect Donald Trump takes office later this month. Malaysia and Indonesia are maritime regional powers near vital shipping lanes and are key to Japanese and global security and the economy, and they share concerns over China's increasing assertiveness, officials say. Ishiba, who will meet Friday with Malaysian Prime Minister Anwar Ibrahim, hopes to strengthen security cooperation and discuss efforts to ensure stable supply chains with Malaysia, which is chair of the Association of Southeast Asian Nations this year. On Saturday, Ishiba and Indonesian President Prabowo Subianto will reportedl

Apollo plans to expand in Japan, add staff to its Asia wealth business

The New York-based asset manager aims to add around 10 people in Japan to accelerate its expansion in the country

Japan's new workforce prioritises work-life balance, decline in 'Karoshi'

Japan's annual working hours have dropped from 1,839 in 2000 to 1,626 by 2022, a decrease of 11.6 per cent, with younger workers driving the trend

Toyota backs Japanese space startup Interstellar to mass-produce rockets

As part of the capital and business tie-up, Woven will appoint a director to IST's board and support rocket production by strengthening supply chains and corporate governance, IST said

Blinken on Japan visit as Nippon Steel decision weighs on relations

Ahead of his trip, the State Department said that Blinken wanted to build on the momentum of US-Japan-South Korea trilateral cooperation

Toyota to open futuristic city in Japan, will move in first 100 residents

The initial residents of Woven City will be composed mostly of the carmaker's own employees and their families, and will gradually expand to about 2,000 residents as part of its initial phases

Japan's service activity expands on increased demand, shows PMI data

Final au Jibun Bank Service purchasing managers' index (PMI) grew to 50.9 in December from 50.5 in November, according to the survey compiled by S&P Global Market Intelligence

Tomiko Itooka, Japanese woman who was world's oldest person, dies at 116

Tomiko Itooka, a Japanese woman who was the world's oldest person according to Guinness World Records, has died, an Ashiya city official said Saturday. She was 116. Yoshitsugu Nagata, an official in charge of elderly policies, said Itooka died on December 29 at a care home in Ashiya, Hyogo Prefecture, central Japan. Itooka, who loved bananas and a yogurt-flavoured Japanese drink called Calpis, was born on May 23, 1908. She became the oldest person last year following the death of 117-year-old Maria Branyas, according to the Gerontology Research Group. When she was told she was at the top of the World Supercentenarian Rankings List, she simply replied, Thank you. When Itooka celebrated her birthday last year, she received flowers, a cake and a card from the mayor. Born in Osaka, Itooka was a volleyball player in high school, and long had a reputation for a sprightly spirit, Nagata said. She climbed the 3,067-metre (10,062-foot) Mount Ontake twice. She married at 20, and had two ..

Leaked files show Russia's military preparedness against Japan, South Korea

Leaked documents reveal Russia's military strategy to address its concerns over eastern borders in a potential NATO conflict. This is due to the potential involvement of US assets and regional allies

Noise from music, firecrackers relentless: Japanese tourist on India travel

A Japanese woman shared her India experience, claiming that she was visiting Agra, Rajasthan and Punjab. She complimented India's food and clothing but complained on the "loud environment"

Sun Pharma sells entire stake in Japanese arm to Zaza Industrial Holdings

According to a regulatory filing with BSE, the agreement was signed on December 31, 2024, with the transaction expected to be completed by January 31, 2025

Japan's speaker signs condolence book in memory of former PM Manmohan Singh

On December 31, former Japanese Prime Minister Yoshihide Suga had visited the Indian Embassy in Tokyo and signed the condolence book

Quad members renew pledge towards working for free, stable Indo-Pacific

India and other Quad member nations on Tuesday renewed their firm commitment to work towards a free and open Indo-Pacific that is peaceful, stable and prosperous. The foreign ministers of the member nations of the grouping made the pledge in a joint statement commemorating the 20th anniversary of Quad cooperation. The foreign ministers said the Quad will work together in responding to the future needs of the Indo-Pacific, an assertion that came against the backdrop of China's increasing muscle-flexing in the region. India, the US, Australia and Japan came together 20 years ago to extend assistance in response to the 2004 Indian Ocean earthquake and tsunami. The coalition is now known as Quad. "As four partners, we share a vision of a free and open Indo-Pacific that is peaceful, stable and prosperous, underpinned by effective regional institutions," the joint statement said. The Quad foreign ministers also talked about the centrality of 10-nation grouping Association of Southeast

India, China to Germany and UK: How major economies performed in 2024

While India and US have optimistic outlooks going into 2025, Germany and UK may see sluggish growth

Year ender 2024: Devastating tragedies that sent shock waves across world

From earthquakes to mass shootings: Here are the most devastating global tragedies of 2024

Japan cabinet okays record defence budget of $55 bn amidst regional threat

The Japanese Cabinet on Friday approved a record 8.7 trillion yen ($55 billion) defence budget for 2025 as Japan accelerates building up its strike-back capability with long-range cruise missiles and starts deploying Tomahawks to fortify itself against growing threats from China, North Korea and Russia. The Cabinet-endorsed draft defence budget marks the third year of Japan's ongoing five-year military buildup under the national security strategy adopted in 2022. The defense spending is part of the more than 115 trillion yen ($730 billion) national budget bill also a record that requires parliamentary approval by March to be enacted. Japan is preparing to deploy US-made Tomahawks late in the fiscal year 2025 as part of its ongoing effort to acquire strike-back capability with long-range missiles that can hit distant targets. The budget allocates 940 billion yen ($6 billion) for the so-called standoff defence system that also includes long-range missiles, satellite constellation and

Japan's cabinet approves record $730 billion budget for next fiscal year

But record tax revenue is likely to help reduce new bond issuance to 28.6 trillion yen, the lowest since 2008