Page 34 - Japan

India to overtake Japan to become 3rd largest global market: Sony MD

Japanese consumer electronics giant Sony expects India to overtake home market and become the company's third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony India Managing Director Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the country and is betting on the premium television segment besides its audio and imaging products to drive the growth. According to him, Sony India is also betting big on the fast growth of the gaming segment and imaging business. "We have travelled a long way. If I go 10 years back, we were quite behind the globe, but now, we are a close number four as a single country business across the globe, which means in a couple of years, maybe we can be number three and to remain in the top three in future I think should be a good position to stay as a Sony company around the globe," Nayyar told PTI in an interview. At present, the US, China and Japan are the top

Biden's shaky debate has overseas allies steeling for Trump's return

Joe Biden's supporters had hoped the debate would erase worries that he was too old to serve, but several lawmakers, analysts and investors also said the event had given Trump a boost

As US inflation cools, Asian stocks head for 5th straight month of gains

Asian markets were little fazed by the first US presidential debate between Democratic President Joe Biden and his Republican rival Donald Trump ahead of the November election

Japanese authorities will take necessary actions on yen decline: Minister

"It's desirable for exchange rates to move stably. Rapid, one-sided moves are undesirable. In particular, we're deeply concerned about the effect on the economy," Suzuki told reporters

Mega deals in India, IPOs in Hong Kong to make Asia an equity deals hotspot

India's total ECM deals jumped 137 per cent in the first half of this year from the same period of last year, with $28.5 billion raised, according to LSEG data

US, Japan, and S Korea vow cooperation to boost security, economies

The meetings were decided by the countries' leaders at an August summit at Camp David

N Korea fires suspected ballistic missile, says Japan; suggests precaution

However, the PMO issued instructions to dedicate efforts to gather and analyse information and provide speedy and adequate information to people

Chinese, Japanese coast guard ships in standoff near disputed islands

The islands, referred to as the Senkakus in Japan and the Diaoyus in China, are claimed by both countries

China's BYD launches third EV in Japan, unveils most expensive model

The expansion of BYD, which stands for Build Your Dreams, in Japan could become a worry for domestic automakers

Global investors turn cautious on once favourite Japanese stocks

Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14

It can happen in Japan only

In a world where urban development often trumps aesthetics, the voluntary demolition of a building in Tokyo to preserve a cherished view sets a rare precedent

Japan's space agency hit by cyberattacks, no sensitive data compromised

Japan's space agency has suffered a series of cyberattacks since last year, but sensitive information related to rockets and satellites was not affected and it is continuing to investigate and take preventive measures, officials said Friday. Chief Cabinet Secretary Yoshimasa Hayashi acknowledged that the Japan Aerospace Exploration Agency, or JAXA, has had "a number of" cyberattacks since late last year. JAXA has investigated the extent of illegal access while shutting down the affected networks and verifying that they did not contain classified information about operations of rockets and satellites and national security, he said. Hayashi vowed to strengthen Japan's ability to counter cyberattacks. Japan has been accelerating a military buildup in response to China's growing military might and is hoping to be able to develop a counterstrike ability, but experts say Tokyo will continue to need to rely heavily on the United States for launching long-range cruise missiles at ...

After rallying to 26-mth high, Asian shares end the week with a whimper

Overnight, the Swiss National Bank cut rates for a second time while the Bank of England opened the door to an easing in August after holding rates steady

Japan imposes trade curbs on Chinese firms for backing Ukraine war

The new sanctions also target firms in India, Kazakhstan, and Uzbekistan

SoftBank founder Masayoshi Son ready for next big tech bet after hiatus

The billionaire warned his next big endeavor could be a big hit or a bad flop, but that SoftBank had no choice but to try

US wants Netherlands, Japan to further restrict chip equipment to China

In a response on Wednesday, Chinese foreign ministry spokesperson Lin Jian said China was opposed to the US "coercing other countries and suppressing China's semiconductor industry"

HUDCO raises $200 mn from overseas lenders for its foray into loan market

Housing and Urban Development Corporation (HUDCO) has raised USD 200 million (JPY 30 billion) in its maiden foray into the syndicated loan market, its arranger said on Tuesday. The state-run body has raised the five-year money as part of its inaugural "social loan", Japan's Sumitomo Mitsui Banking Corporation (SMBC) said. The deal, led by SMBC's Singapore branch, saw an oversubscription with a total of nine lenders, and was upsized from its original launch size of JPY 15 billion to JPY 30 billion after exercising the greenshoe option, an official statement said. The inaugural social loan will enable further expansion of HUDCO's social housing platform to improve the quality of life for the Indian community and enhance infrastructure facilities in urban areas, the statement said. SMBC acted as the sole mandated lead arranger, book runner and social loan coordinator. "We look forward to expanding our reach to the underserved communities and strengthening the local community's access

Spread of deadly 'flesh-eating bacteria' in Japan raises global concerns

Data from Japan's National Institute of Infectious Diseases shows an alarming increase with nearly 1,000 reported cases of Streptococcal Toxic Shock Syndrome this year, exceeding last year's total

Toyota shareholder meeting: Focus remains on level of support for chairman

Toyoda's approval rating fell to 85 per cent last year from 96 per cent in 2022 but he only needs a majority to be re-elected and scandals aside, business has been good

Quad transformed from security dialogue into multifaceted tie-up: Report

The new report titled 'Quad: Diplomacy and Cooperation in the Indo-Pacific' assesses the Quad's achievements and potential amidst the ongoing geopolitical churn