Page 36 - Japan

Japan Airlines signs a codeshare pact with IndiGo to expand its services

Japan Airlines on Monday said it has entered into a codeshare arrangement with IndiGo, which would help the Japanese carrier expand services to 14 destinations of the domestic carrier's network. At present, Japan Airlines operates its services to Delhi and Bengaluru from Tokyo. It offers daily flight services to the national capital from Haneda Airport, while its thrice-a-week services to Bengaluru are operated from Narita Airport. "Japan Airlines (JAL) and IndiGo have agreed on codeshare partnership which will benefit the customers by providing more travel options between Japan and India," a statement said. The codeshare partnership will allow Japan Airlines to strengthen its connectivity into India initially, while enabling more travel options for IndiGo customers on JAL's extensive domestic and international network in later phases, the statement said. The partnership will enable codeshare on India routes that connect to JAL-operated flights from/to Delhi and Bengaluru, as per t

Earthquakes shake Japan, collapse five homes damaged in January quake

Earthquakes early on Monday again struck Japan's north-central region of Ishikawa, still recovering from the destruction left by a powerful quake on January 1, but the latest shaking caused only minor damage. A magnitude 5.9 temblor on the northern top of the Noto Peninsula was followed minutes later by a 4.8 and then several smaller quakes within the next two hours, the Japan Meteorological Agency said. There was no danger of a tsunami. Two houses that had been damaged in the January 1 quake collapsed in Wajiima city but no injuries or other damage was reported so far, according to the Fire and Disaster Management Agency. JMA seismology and tsunami official Satoshi Harada said Monday's quakes were believed to be aftershocks of the magnitude 7.6 earthquake on January 1. Seismic activity has since slightly subsided but Harada urged people to be cautious, especially near buildings that were damaged earlier. Shinkansen super-express trains and other train services were temporarily ..

Japan billionaire cancels moon trip due to uncertainty over SpaceX rocket

Japanese billionaire Yusaku Maezawa on Saturday canceled his planned flight around the moon on a SpaceX vehicle because of uncertainty about when it may be possible. The tycoon in 2018 launched plans for the lunar flyby voyage. He bought seats for eight traveling companions in 2022 for what would be his second space journey after his 12-day trip to the International Space Station (ISS) on a Russian Soyuz spacecraft in 2021. Maezawa was aiming the moon trip for 2023, a target seen by most space observers as overly optimistic given the progress of SpaceX's Spaceship mega-rocket project. would have been the first private flight around the moon. That project became unfeasible, said the mission organizer on Saturday in a statement posted on its website. Without clear schedule certainty in the near-term, it is with a heavy heart that Maezawa made the unavoidable decision to cancel the project. To all who have supported this project and looked forward to this endeavor, we sincerely ...

GDP growth slows down in USA and Japan; remains same in Germany

The OECD expects the US and China, the two largest economies, to slow down in 2025

Japan spent $62 bn to support yen after it fell to 34 yr low last month

The finance ministry disclosed figures Friday for the period between April 26 and May 29

Toyota's global volumes fall in April as sales drop in China and Japan

Toyota's Japan sales were hit by a temporary halt to production of the Prius model at its Tsutsumi plant for quality checks and a partial halt of production at a line at a Toyota Auto Body plant

Sony stresses PlayStation user engagement as hardware sales taper off

PS5 users are spending around 25 per cent more than during the previous PS4 console's lifecycle, boosted by add-on content and services, including the PlayStation Plus subscription option

Higher US bond yields push Yen to 4-week low ahead of key inflation data

The Aussie dollar was down 0.47% at $0.6618, even after Australian consumer price inflation unexpectedly rose to a five-month high in April

Bank of Japan's underlying inflation measures all fall below 2% in April

The weighted median inflation rate, among the three indicators closely watched as a gauge on whether price rises are broadening

Automakers Toyota, Subaru, and Mazda commit to developing new engines

The announcement is the latest example that showcases Toyota's close ties with Subaru and Mazda

North Korea appears to have fired missile into sea, say Japan, South Korea

North Korea had earlier notified Japan's coast guard about its plans to launch "a satellite rocket" during a launch window from Monday through June 3

China's Qiang praises 'restart' of engagement with Japan, South Korea

They may also agree to resume three-party free trade agreement negotiations, which have been stalled since 2019, according to Japanese media reports

Zypp Electric raises $15 million funding from Japanese firm ENEOS

EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Japanese firm ENEOS. The series C funding comprises USD 15-million in equity closure, as part of its ongoing USD 50-million round, which comprises USD 40-million in equity and USD 10-million in debt, the company said in a statement. The fresh capital raised under Series C, in which other investors existing investors 9unicorns, IAN fund, venture catalysts, WFC and others also participated, will be utilised to expand Zypp's fleet from 21,000 to 2-lakh electric scooters and extend its services to 15 cities across India by 2026, it added. The fresh investment will help Zypp in the last-mile delivery space with sustainable EV solutions, said Akash Gupta, Co-founder and CEO of Zypp Electric. "We are eager to expand our fleet and enhance our tech platform, driving significant growth across India. These funds will be utilised to drive the company towards the full path of growth along with earni

BOJ to proceed cautiously with inflation targeting frameworks: Ueda

'While many of the challenges we face are similar to those encountered by our counterparts, some are uniquely difficult for us,' the BOJ chief added

Leaders of S Korea, China, Japan to resume trilateral meeting in Seoul

Leaders of South Korea, China and Japan were set to meet Monday for their first trilateral meeting in more than four years as they seek to improve long-complicated relations that are key to regional peace. No major breakthrough was expected during the gathering in Seoul. But experts said just restarting the countries' highest-level annual meeting was a positive sign for cooperation among the three Northeast Asian neighbours. On the eve of the meeting, South Korean President Yoon Suk Yeol, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida had rounds of bilateral meetings among themselves to discuss how to boost economic and other cooperation. But some thorny topics were also brought up, like North Korea, Taiwan and the South China Sea. After meeting with Li, Kishida told reporters that he expressed serious concerns about the situations in the South China Sea, Hong Kong and China's northwestern Xinjiang region. He said Japan was closely monitoring developments on ...

North Korea informs Japan of plan to launch satellite rocket by June 3

Japan said Monday that North Korea has informed it of a plan to launch a satellite by June 3. Japan's coast guard said it has been notified by North Korea about its planned launch of a "satellite rocket" beginning Monday through midnight June 3. The launch plan likely refers to the North's efforts to launch its second military spy satellite into space. South Korea's military said Friday it detected signs that North Korea is engaging in activities believed to be preparations to launch a spy satellite at its main Tongchangri launch facility in the northwest. Last November, North Korea sent its first military reconnaissance satellite into orbit as part of its efforts to build a space-based surveillance network to deal with what it calls US-led military threats. North Korean leader Kim Jong Un later told a key governing party meeting that the country would launch three additional military spy satellites in 2024. The UN bans North Korea from conducting satellite launches, considering

Trilateral talks: South Korea, Japan push China on SCS, Taiwan issues

Chinese and Japanese leaders were set to arrive in Seoul and meet with South Korea's president separately on Sunday, a day before they gather for their first trilateral meeting in more than four years. No major announcement is expected from Monday's trilateral South Korea-China-Japan meeting. But just resuming their highest-level, three-way talks is a good sign and suggests the three Asian neighbours are intent on improving their relations. A trilateral leaders' meeting was supposed to take place annually following their inaugural gathering in 2008. But the meeting has stalled since the last one in December 2019 in Chengdu, China because of the COVID-19 pandemic and complex ties among the three countries. After their arrivals in Seoul on Sunday, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida are to hold bilateral talks with South Korean President Yoon Suk Yeol to discuss ways to promote cooperation and other issues, according to South Korean officials. Li and ...

Nomura gives 150% salary hike to its top executives as earnings boom

The moves come after the Japanese firm spent several years improving risk controls after losing almost $3 billion in 2021 on the collapse of investment firm Archegos Capital Management

South Korea's SK Group to boost ties with Japan's chip equipment makers

SK Group affiliates include SK Hynix, the world's No.2 memory chip maker

Leaders of South Korea, China, Japan to meet Monday for trilateral talks

Leaders of South Korea, China and Japan will meet next week in Seoul for their first trilateral talks in more than four years to discuss how to revive their cooperation, South Korea's presidential office said Thursday. After their inaugural stand-alone trilateral summit in 2008, the three countries' leaders were supposed to hold such a meeting every year. But the summit has been suspended since the last one in December 2019, in China, because of the COVID-19 pandemic and often complicated ties among the Asian neighbors. The trilateral meeting between South Korean President Yoon Suk Yeol, Chinese Premier Li Qiang and Japanese Prime Minister Fumio Kishida will take place in Seoul on Monday, Kim Tae-hyo, Seoul's deputy national security director, told a news conference. Chinese President Xi Jinping will not be attending. Li and Kishida were scheduled to arrive in South Korea on Sunday. They will meet Yoon individually on Sunday afternoon before attending a welcoming dinner banquet wit