Page 33 - Japan

Australia's Domino's served with class action on 'misleading' Japan mkt

Echo Law on its website said the class action was in relation to a Domino's announcement made on Nov. 3, 2021

Couche-Tard asks Seven & i for talks as it rejects $38.5 bn offer

Seven & i said the deal was not in the best interest of its shareholders and could face antitrust challenges in the US

Quad summit to take place in Delaware this month, India may host next year

Prime Minister Narendra Modi is set to join the leaders of the US, Japan and Australia at the Quad summit in the US later this month as the influential grouping is likely to deliberate on pressing global challenges including the situation in Ukraine. The summit is likely to take place on September 21 in US President Joe Biden's hometown of Wilmington in Delaware, people familiar with the matter said. There is no official announcement yet on the date and venue of the high-profile summit. It was India's turn to host the Quad summit this year. However, the leaders of the grouping decided to hold the summit at a venue convenient to all in view of constraints of a tight calendar. As per the new plan, India is expected to host the Quad summit next year. Modi, Australian Prime Minister Anthony Albanese and his Japanese counterpart Fumio Kishida are among the world leaders who are travelling to the US to attend the UN's Summit of the Future in New York on September 22 and 23. The Quad su

Japan tries to reclaim its dominance as leader of global tech industry

It has been 40 years since such competitive anxieties about a rising Asian power prompted this kind of embrace of government intervention among the biggest free-market economies

Vaishnaw holds discussions on cooperation in railways, IT during Japan tour

Union minister Ashwini Vaishnaw discussed further enhancing cooperation with Japan in the field of railways, innovation in the digital landscape and focusing on futuristic technological advancements during his visit to Tokyo. Vaishnaw, who holds the portfolios of railways, information and broadcasting, and information technology and electronics, held productive discussions with Tetsuo Saito, Japan's minister of land, infrastructure, transport and tourism on enhancing India-Japan cooperation. Vaishnaw said he discussed enhancing railway cooperation, promoting economic growth and deepening cultural ties with Saito. The meeting with Saito took place on Thursday. "Met with Mr. Tadashi Maeda, MD & Chairman of Japan Bank for International Cooperation, to discuss progress under the India-Japan strategic partnership. Exchanged views on key areas of cooperation and future opportunities," he posted on X on Friday. Vaishnaw also met Taro Kono, the minister for digital transformation of ...

Hisahito becomes 1st Japanese royal male in 40 yrs to reach adulthood

In a big milestone for Japan's royal family, Prince Hisahito turned 18 on Friday, becoming the first male royal family member to reach adulthood in almost four decades. It is a significant development for a family that has ruled for more than a millennium but faces the same existential problems as the rest of the nation a fast-aging, shrinking population. Hisahito, who is set to become the emperor one day, is the nephew of Japanese Emperor Naruhito. His father, Crown Prince Akishino, was the last to do so, in 1985. Hisahito is the youngest of the 17-member all-adult imperial family, which currently has only four men. His status as the last heir apparent poses a major problem for a system that doesn't allow empresses. The government is debating how to keep succession stable without relying on women. The 1947 Imperial House Law, which largely preserves conservative pre-war family values, only allows a male to succeed to the throne and forces female royal members who marry commoners

Japan to give up to $2.4 bn in new support for EV battery production

The government backing included support for investments by Toyota, Nissan Motor

Japan's retail giant Seven & i rejects Couche-Tard's $38.5 bn takeover

Couche-Tard did not immediately respond to a request for comment from Reuters

30 minutes of sleep a day? Japanese man says it's his secret to success

Daisuke Hori, a 40-year-old entrepreneur from Japan, claims to have trained himself to function on just 30 to 45 minutes of sleep per day for the past 12 years

Chinese automaker BYD's push for global expansion faces challenges in Japan

Some Japanese are wary of buying big-ticket Chinese products due to quality concerns

Japan's new norm of working into your 70s may spread to rest of world soon

To coax companies to keep elderly people employed, the government is already providing subsidies to firms employing those aged 65 and older

Era of free mortgages over in Japan with central bank raising interest rate

Japan's central bank had maintained benchmark interest rates near zero since the mid-1990s. As a result, many home buyers have gotten used to paying between 0.3 and 0.4 per cent

7-Eleven's retail empire includes banking, US' now bankrupt Tower Records

The Japanese retailer originated as a clothing store a century ago and evolved into a general merchandiser, selling everything from groceries and sundries, to clothing and home goods

China warns Japan of economic retaliation for possible new chip curbs

One fear in Tokyo is that Beijing could react to new semiconductor controls by cutting Japan's access to critical minerals that are essential for automotive production

Tropical storm creeps through Japan, brings heavy rainfall to some spots

Tropical Storm Shanshan brought torrential rain Sunday to Japan's Shizuoka area, 180 km (110 miles) southwest of Tokyo, as weather officials warned the storm would linger for several more days. Shanshan, packing winds of 65 kph (40 mph), made landfall Thursday, leaving landslides, flooded rivers, torn branches and scattered debris in its path. In southwestern Japan, people were busy cleaning up muddied homes and throwing out broken appliances. The storm is so far connected with at least six deaths, including three people who were trapped in a mudslide. It left one person missing and 127 people injured, according to Japanese public broadcaster NHK, which compiles reports from local governments. Shanshan was travelling extremely slowly and barely moving at all as of Sunday morning, the Japan Meteorological Agency said. It triggered rainfall in an extensive area, even in places not in its path, such as the northernmost main island of Hokkaido, according to the agency. Some homes beca

Japan pushes four-day workweek amid labour shortage, faces cultural hurdles

Despite the Japanese govt's support for a shorter workweek since 2021, the concept has been slow to catch on, with few companies offering this flexibility

Japan protests over Chinese survey ship entering its territorial waters

Japan lodged a formal protest via China's embassy against what it called an incursion by a Chinese survey ship into its territorial waters Saturday, the Japanese foreign ministry said. The ministry expressed strong concern after the ship was spotted near Kagoshima Prefecture, southwestern Japan, early in the morning. The Chinese ship, confirmed in territorial waters at 6 am local time, left shortly before 8 am, according to Japan's Defence Ministry, adding it was monitored by a Japanese military vessel and plane. Recently, China's increasingly assertive activity around Japanese waters and airspace has caused unease among Japanese defence officials, also concerned about the growing military cooperation between the Chinese and Russian air forces. This follows Tokyo's protest after a Chinese military aircraft briefly entered Japan'ssouthwestern airspace on Monday. It was the first time the Japanese Self Defence Force detected a Chinese military aircraft in Japan's airspace. Chinese .

Typhoon Shanshan disrupts Japan: Factories closed, 3 dead. Top updates

One of the most powerful storms to hit Japan in recent years, Typhoon Shanshan made landfall in Kyushu on August 29, causing widespread disruptions to transportation and prompting mass evacuations

Japan's defence ministry seeks record budget amidst growing Chinese threat

Japan's Defence Ministry Friday sought a record 8.5 trillion yen (USD 59 billion) budget for the next year to fortify its deterrence on southwestern islands against China's increasing threat, while focusing on unmanned weapons and AI to make up for the declining number of servicemembers as a result of the country's shrinking population. The ministry's request for 2025 marks the third year of Japan's rapid five-year military buildup plan under the government's ongoing security strategy. Japan aims to spend 43 trillion yen (USD 297 billion) through 2027 to double its annual military spending to around 10 trillion yen, making it the world's third-largest military spender after the United States and China. The budget request was approved at the Defence Ministry meeting Friday ahead of a submission to the Finance Ministry for negotiations through December. Japan has been rapidly building up the defense of the southwestern region in recent years amid China's growing military threats and

Slow tropical storm dumps rain around Tokyo after flooding southern Japan

A slow-moving tropical storm had a far-reaching impact in much of Japan on Friday, dumping heavy rain around Tokyo and flooding roads and riverside areas in the south. Flooding was reported in a number of areas in Kanagawa prefecture, west of Tokyo, where floodwater blocked roads, stalling vehicles and traffic. Warnings for heavy rain and potential landslides included the densely populated capital, Kanagawa and nearby Shizuoka prefecture. Muddy water flowed down the Meguro River in one of Tokyo's popular cherry blossom viewing spots, the water significantly swollen from its usual levels, NHK television footage showed. In Hiratsuka town, dozens of cars in a parking lot sat in water just below their windows. A pedestrian waded through floodwater as high as his thighs. In another Kanagawa town, Ninomiya, floodwater from a river stalled vehicles on a street and broken tree branches were stuck on a bridge over the swollen water. Tropical Storm Shanshan made landfall Thursday morning on