Page 36 - Japan

Yen rises over 0.5% as carry trades unwind, risk sentiment takes a hit

The yen rose more than 0.5 per cent to an intraday high of 152.835 per dollar, its strongest in 2-1/2-months

Nissan to reboot India ops, lines up product launches over next 30 months

Japanese auto major Nissan is looking to introduce five models over the next 30 months, as it looks to reboot its operations in the fast-growing Indian car market. The company, which is selling just one model in the country currently, is planning to drive in two mid-size SUV models (one five-seater and one seven-seater), one electric SUV and a refreshed version of its compact SUV Magnite. The company has also unveiled the latest version of its premium SUV X-Trail, which will be imported into the Indian market as a completely built-up (CBU) model. "India is an important market for us, and we will be going in for a product offensive over the next two and half years, between FY24 and FY26," Nissan India President Frank Torres told PTI in an interaction. He noted that the company is looking at tripling its sales volume in the domestic and export markets by FY26. "In the next two and half years, we will enhance three times our volume in domestic as well as exports," Torres said. The .

Can AI teach you to smile? Japan's firm uses it for customer satisfaction

Japan's supermarket chain AEON has introduced 'Mr Smile' to accurately assess employees' service attitudes based on facial expressions, voice volume, and tone of greetings

Japan to ease entry for tourists with pre-clearance, speed up immigration

Japan's yen has depreciated, making it a more affordable destination for tourism and shopping than before

Blue Screen of Death: Global outage that led to Windows 10 crash explained

An outage of CrowdStrike has caused a global disruption for users of Microsoft Windows computers, affecting businesses and individuals across Australia, Japan, India and other countries

Japan attracts record 3.14 mn visitors in June as weak yen draws tourists

The number of foreign visitors for business and leisure was 3.14 million last month, exceeding the previous monthly record of 3.08 million set in March

14 students hospitalised in Japan after eating chips made with Bhut Jolokia

Bhut Jolokia is one of the hottest chillies in the world originating in Northeast India, especially in the regions around Assam, Nagaland and Manipur

What are Japan's tactics based on latest suspected forex intervention?

The yen had languished at 38-year lows past 160 per dollar before the suspected bout of intervention making policymakers increasingly worried

Japan turns to AI romance apps amid rising loneliness, falling birth rate

In Japan, the Loverse app offers AI companionship as traditional relationships decline, while government efforts remain focused on addressing the nation's falling birth rates and growing loneliness

India set to advance Indo-Pacific agenda at Quad foreign ministers' meeting

The agenda is set to address China's expanding naval activities in the East China Sea and the South China Sea, alongside concerns over North Korea's nuclear and missile programmes

Laughter the best medicine in Japan: Local govt passes new health law

Explained: Japan's Yamagata prefecture's has introduced a new laughter ordinance aiming to promote better physical and mental health in the community

Japan punishes defence officials for mishandling sensitive data, misconduct

Japan's defence ministry announced disciplinary action on Friday against more than 200 senior officials and service members over mishandling of classified materials and other misconduct, an embarrassment that could undermine Tokyo's efforts to work more closely with United States and other partners. Japan's Defence Ministry and its Self Defence Forces have been under scrutiny over allegations that members of the navy violated the sensitive information protection law, as well as other misconduct such as falsely claiming allowances for special assignments, or wrongfully claiming free meals at base cafeterias. Ministerial staff were also accused of abuses of power. Defence Minister Minoru Kihara apologised, saying the problems significantly damaging to the public trust for the ministry and Japan's defence forces. I'm keenly aware of my responsibility. He blamed a lack of discipline across the organisation. Kihara said the ministry's investigation found that classified information was

What explains Japanese government's non intervention to support yen?

Massive interest rate differentials between the U.S. and Japan have been weighing the yen down, putting monetary policy at the centre of the currency's woes

Women politicians' share rises in Japanese politics, but challenges remain

Eight years ago, Yuriko Koike became the first woman to lead Tokyo, beating her male predecessor. She won her third term as governor on Sunday, and one of her closest rivals was a woman. Multiple women competing for a top political office is still rare in Japan, which has a terrible global gender-equality ranking, but Koike's win highlights a gradual rise in powerful female officials and a society more open to gender balance in politics. That said, even if a woman eventually becomes prime minister, politics here is still overwhelmingly dominated by men, and experts see a huge effort needed for equal representation. There are growing expectations for women to play a greater role in politics, said parliamentarian Chinami Nishimura, a senior official with the main opposition Constitutional Democratic Party of Japan. In politics or parliament, which are still largely considered men's work, it is extremely meaningful for women to show their presence and have our voices heard. Nishimura,

Japan, Philippines sign defense pact in face of shared alarm over China

Japan and the Philippines signed a key defence pact on Monday allowing the deployment of Japanese forces for joint drills in the Southeast Asian nation that came under brutal Japanese occupation in World War II but is now building an alliance with Tokyo as both face an increasingly assertive China. The Reciprocal Access Agreement, which similarly allows Filipino forces to enter Japan for joint combat training, was signed by Philippine Defense Secretary Gilberto Teodoro and Japanese Foreign Minister Yoko Kamikawa in a Manila ceremony witnessed by President Ferdinand Marcos Jr. It would take effect after ratification by the countries' legislatures, Philippine and Japanese officials said. Kamikawa called the signing a groundbreaking achievement" that should further boost defence cooperation between the countries. The Japanese and Philippine officials expressed serious concern over the dangerous and escalatory actions by China in Second Thomas Shoal, the scene of a recent confrontation

Japan, Philippines sign defence pact in the face of shared alarm over China

Japan and the Philippines signed a key defence pact Monday allowing the deployment of Japanese forces for joint military exercises, including live-fire drills, to the Southeast Asian nation that came under brutal Japanese occupation in World War II but is now building an alliance with Tokyo as they face an increasingly assertive China. The Reciprocal Access Agreement, which similarly allows Filipino forces to enter Japan for joint combat training, was signed by Philippine Defence Secretary Gilberto Teodoro and Japanese Foreign Minister Yoko Kamikawa in a Manila ceremony witnessed by President Ferdinand Marcos Jr. It would take effect after ratification by the countries' legislatures, Philippine and Japanese officials said. Kamikawa called the signing of the defence agreement a groundbreaking achievement" that should further boost defence cooperation between Japan and the Philippines. A free and open international order based on the rule of law is the foundation of regional peace and

Japan May household spending falls, high prices squeeze purchasing power

Consumption is among key factors the Bank of Japan (BOJ) is scrutinising to gauge the strength of Japan's economy and decide how soon to raise interest rates

Officials from Quad countries review progress made since May 2023 summit

Senior officials from Quad member countries have reviewed the progress made by various Quad Working Groups in achieving the commitments made at the grouping's summit in May 2023, the Ministry of External Affairs (MEA) said on Thursday. The officials, who met through video conference on Wednesday, also discussed new ideas to further the grouping's collaboration in delivering public good in the Indo-Pacific region in areas such as health security, humanitarian assistance and disaster relief, climate resilience, and countering terrorism, the ministry said in a statement. Senior officials from the Ministry of External Affairs of India, Department of Foreign Affairs & Trade of Australia, Ministry of Foreign Affairs of Japan and Department of State of the US met to review the progress made by various Quad Working Groups in achieving the commitments made at the May 2023 Quad Leaders' Summit, it said. "They also discussed new ideas to further the Quad's collaboration in delivering public .

Japan to have a shortage of 1 million foreign workers in 2040: Think tank

Foreign workers are crucial to Japan's economy as they help to fill a severe labour shortage

Court orders Japan govt to compensate forcibly sterilised disabled people

In a landmark decision, Japan's Supreme Court ordered the government Wednesday to pay suitable compensation to about a dozen victims who were forcibly sterilised under a now-defunct Eugenics Protection Law that was designed to eliminate offspring of people with disabilities. An estimated 25,000 people were sterilised between the 1950s and 1970s without consent to prevent the birth of poor-quality descendants" under the law, described by plaintiffs' lawyers as the biggest human rights violation in the post-war era" in Japan. The court said the 1948 eugenics law was unconstitutional and rejected the government's claim that the 20-year statute of limitations should prevent it from paying restitution. Wednesday's decision involved 11 of the 39 plaintiffs who fought at five lower courts across Japan to get their case heard by the country's top court. Cases involving the other litigants are still pending. The plaintiffs, a number of them in wheelchairs, held up signs saying thank you and