Page 37 - Japan

Japan's factory activity expands for first time in year, shows PMI

The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) climbed to 50.5 in May

Why has Japan blocked the iconic view of Mount Fuji? All you need to know

The plan garnered headlines in April when officials, frustrated by the constant influx of mainly foreign visitors littering, trespassing, and breaking traffic rules, announced it

Japan's exports rise for 5th time in April on weak yen, biz mood stalls

In volume terms, however, Japanese shipments fell 3.2 per cent year-on-year in April, down for the third straight month

India rises to 39th position in WEF index for travel, tourism development

Country top performer in South Asia and among the lower-middle-income nations

Saudi King to be treated for lung inflammation hours after undergoing tests

Due to King Salman's health issue, Crown Prince Mohammed bin Salman, the de facto Saudi leader, postponed a visit to Japan that had been scheduled to begin on Monday

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Calendar year 2024 (CY24) will be a good year for 'quality stocks and bonds', according to analysts at Morgan Stanley. Stocks, they said, have priced in a 'perfect landing' scenario

US ambassador to Japan visits southern islands at centre of China tension

The US ambassador to Japan stressed Friday the importance of increased deterrence and his country's commitment to its key ally as he visited two southwestern Japanese islands at the forefront of Tokyo's tension with Beijing. Rahm Emanuel visited Yonaguni, Japan's westernmost island just east of Taiwan, a self-governed island also claimed by China. He later visited another Japanese island, Ishigaki, home to Japan Coast Guard patrol boats defending the disputed East China Sea islands and Japanese fishermen from armed Chinese coast guard ships that routinely enter Japanese waters. Japan has been making a southwest shift of its defense posture, and is further accelerating its military buildup under a 2022 security strategy that focuses on counter-strike capability with long-range cruise missiles. Emanuel was the first US ambassador to visit Yonaguni. Escorted by Mayor Kenichi Itokazu, he looked toward Taiwan, only 110 kilometres (68 miles) away. He met with Japanese Self Defense Force .

BOJ may face more pressure to hike rates amid declining consumer spending

The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates

Use of frozen Russian assets for Ukraine must align with law, says Japan

Finance ministers from the Group of Seven major democracies will meet in Italy next week and will discuss the question of how revenues from the frozen Russian assets should be used

18% of global fund managers overweight on Indian equities: BofA survey

A total of 245 panelists with $642 billion worth of assets under management (AUM), BofA Securities said, participated in the survey held between May 3 and May 9, 2024

Japan's economy contracts, complicating Bank of Japan's rate hike plans

Private consumption, which accounts for more than half of the Japanese economy, fell 0.7 per cent

Japan's Honda raises electrification investment to $65 bn through FY30

The company, a relative latecomer to electric vehicles, first had to ensure it could reliably procure batteries and achieve cost cuts

Honda to scale down production, cut China workforce with voluntary layoffs

Honda's move marks the latest setback for Japan's legacy car brands in China, where the growing dominance of local players such as BYD and a brutal price war are causing them to lose market share

SoftBank's Q4 profit hits $2.11 bn in sign of comeback gaining steam

Monday's result marks the second straight quarter of profit for SoftBank, although for the full year the company remained in the red

G20 summit satisfying, forging friendships most significant: EAM Jaishankar

If closing out the G20 Summit was the most satisfying moment of his career, the most significant was being associated with "enormous changes in some crucial relationships" such as the US, Australia, UAE and Japan during the last five years, Foreign Minister S Jaishankar says. "These relationships have really changed tremendously in the last five years, last decade. And, the growth of the Quad, again that is something that we tried a decade and a half ago, not succeeded, did it a second time. This time it actually, really worked," Jaishankar told PTI in an exclusive interview at the news agency's headquarters. Jaishankar spoke on a range of issues in the nearly hour-long interview including his view of the world in 10 years from now, the challenges faced by India, and the rising profile of the country in the international arena under his watch. Hosting the G20 Summit last year "wasn't just the hard work", because in many ways the "prestige of the country" was riding on it, he said.

Soon, a Japanese Empress?

Amid shirking male heirs, Japanese are opening up to the idea of a reigning Empress. Yet change may be decades away

Vedanta to fully acquire Japanese display glass major AvanStrate

Mining billionaire Anil Agarwal-led Vedanta Ltd of Friday announced that it has acquired an additional 46.57 per cent stake in Japanese glass substrate manufacturer AvanStrate Inc. With this acquisition, Vedanta's total holding in AvanStrate has increased to 98.2 per cent. The transaction is likely to be completed by the first quarter of the current financial year. "The board of directors of Vedanta Limited on Friday... have approved the acquisition of additional stake of 46.57 per cent in AvanStrate Inc (ASI) (an indirect subsidiary of the Company with 51.63 per cent holding) from HOYA Corporation, Japan through Cairn India Holdings Ltd (CIHL), a wholly-owned subsidiary of the company," the mining conglomerate said in a filing to the BSE. Vedanta had bought a controlling stake in the Japanese company in 2017 for USD 158 million. The acquisition of AvanStrate aligns with the company's vision of pivoting towards technology and diversifying into hi-tech manufacturing, while expanding

Honda Motors sees full-year profit rising 2.8%, after it exceeded estimates

Japan's second-largest automaker by volume forecast full-year operating profit would rise to 1.42 trillion yen compared with an average profit estimate of 1.39 trillion yen

Nissan Motor upbeat on annual profit with 5.5% rise despite challenges

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures

Nissan Motor upbeat on annual profit despite challenges from inflation

It also expects foreign exchange moves to boost its annual results, helping to offset inflationary pressures