Page 39 - Japan

Asia stocks rally as US Fed rate cut bets gather momentum; ECB in focus

The shifting Fed expectations lifted oil prices and dragged Treasury yields to their lowest in two months after data this week hinted the US labour market was easing

BOJ must be vigilant to yen's impact on economy, says Dy Guv Himino

However, he said it was inappropriate for central banks to directly target exchange rates in setting monetary policy

China sees silver lining in property sector, Japan comparisons still loom

International Monetary Fund estimates fundamental demand for housing in China to average 950 million square metres over the next 10 years

Toyota, Mazda halt shipments as Japanese auto safety scandal widens

The irregularities were also found in applications from Honda, Suzuki and Yamaha Motor, the ministry said

Japan auto safety test scandal widens, Toyota halts some shipments

The ministry ordered Toyota, Mazda and Yamaha to suspend shipments of some vehicles. It said it will conduct an on-site inspection at Toyota's central Aichi prefecture headquarters on Tuesday

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 ...