Page 40 - Japan

Hidden billions in Tokyo real estate market lure activist hedge funds

In Japan, there's a huge gap -22 trn yen ($143 bn) by one estimate - between how firms value their real estate assets on their books, versus what those properties would fetch if sold in current market

Japanese consortium to invest $370 mn in Natural Gas Transition Platform

The infrastructure investor said the platform will also increase investments to boost the consumption of renewable natural gas or biogas in India and use of green hydrogen using the city gas network

Microsoft backed OpenAI bids for Japan business as it opens Tokyo office

Japan hopes to take advantage of AI as it looks to compete with an increasingly assertive China, accelerate the shift to digital services and alleviate deepening labour shortages

Honda Motors commences work for new warehouse facility in Karnataka

Japanese firm Honda on Monday said it has commenced work for a spare parts warehouse facility in Doddaballapura near Bengaluru, Karnataka. Managed by Honda Cars India, the new facility will support the spare parts operations for all Honda businesses, including Honda Cars India, Honda Motorcycle & Scooter India, and Honda India Power Products, the company said in a statement. The upcoming facility, which will be operational by the first quarter of FY26, will play an important role in the faster availability of spare parts at Honda dealerships, it added. "This is in line with our commitment towards our customers for providing timely and quicker availability of spare parts for their Honda products," Honda Cars India President and CEO Takuya Tsumura stated. The new facility will not only enhance spare parts accessibility in the southern region of the country but also pave the way for future requirements amid rapid electrification, he added. The development project of the facility will

Iran attack on Israel risks provoking an uncontrollable escalation, says G7

Unequivocally condemning in the strongest terms Iran's direct and unprecedented attack against Israel, the G-7 leaders on Sunday said the development risks provoking an uncontrollable regional escalation even as permanent members of the UN Security Council announced to convene an emergency meeting on the issues in New York. With its actions, Iran has further stepped toward the destabilisation of the region and risks provoking an uncontrollable regional escalation. This must be avoided. We will continue to work to stabilise the situation and avoid further escalation, G-7 leaders said in a joint statement after a conference call among them initiated by President Joe Biden. The US assisted Israel in shooting down dozens of drones and missiles fired by Iran in its first direct military assault on the former. Israeli authorities said 99 per cent of the inbound weapons were shot down without causing any significant damage. In this spirit, we demand that Iran and its proxies cease their .

Asia's market reset: 'Expensive' India lures investors avoiding China risks

The powerful rallies in Indian and Japanese equities as China's market has slumped have reset Asia's financial-market landscape

Amid China's aggression, Biden reiterates support for Philippines, Japan

President Joe Biden said Thursday that U.S. defense commitment was ironclad as he gathered Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House on Thursday in the midst of growing concern about provocative Chinese military action in the Indo-Pacific. The United States defense commitments to Japan and to the Philippines are ironclad. They're ironclad," Biden said as he began three-way talks at the White House with Kishida and Marcos. "As I said before, any attack on Philippine aircraft, vessels or armed forces in the South China Sea would invoke our mutual defense treaty. The White House summit was called amid growing concern about provocative Chinese action in the Pacific, which will be a large focus of the leaders' talks. The White House sees the summit as countering China's attempts at intimidation and sending a message that China is the outlier in the neighborhood, according to an administration official. President Joe Biden is ..

Japan's MUFG discusses buying 20% stake in HDFC Bank's IPO-bound arm

The move marks the latest in a string of acquisitions by Japan's top banks in India

Amid tensions with China, US, Japan, S Korea hold drills in disputed sea

A US carrier strike group led by the USS Theodore Roosevelt has held a three-day joint exercise with its allies Japan and South Korea as US President Joe Biden met for talks with leaders from Japan and the Philippines at the White House. The duelling military and diplomatic maneuvers are meant to strengthen the partners' solidarity in the face of China's aggressive military actions in the region. A number of US and South Korean guided missile destroyers and a Japanese warship joined the April 10-12 drill in the disputed East China Sea, where worries about China territorial claims are rising. The Associated Press was one of several news organizations allowed a front-row look at the drills. Rear Adm. Christopher Alexander, commander of Carrier Strike Group Nine, said the three nations conducted undersea warfare exercises, maritime interdiction operations, search and rescue drills and work focused on communication and data sharing. He told journalists Thursday on the Roosevelt that th

Biden hosts Philippines prez, Japan PM for first ever trilateral meeting

Japan and the Philippines both have separate territorial disputes with China, in the former's case the Senkaku Islands in the East China Sea and in the latter's areas of the South China Sea

Japan PM Kishida urges US to overcome 'self-doubt' about global leadership

PM Kishida's govt has drawn a direct line between supporting Ukraine in its defensive war against Russia as essential to deterring China from launching aggression against Taiwan

US, Japan announce major upgrade to defence alliance to counter China

US President Joe Biden and Japanese Prime Minister Fumio Kishida recently unveiled a historic upgrade of US-Japan defence ties amid China's growing assertiveness

Biden to meet Philippines, Japan leaders to discuss China in Indo-Pacific

President Joe Biden is bringing together Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House on Thursday as the three nations use their first-ever trilateral summit to try to show they are in lockstep about countering China's military assertiveness in the Indo-Pacific. The leaders are expected to announce that their coast guards will hold a joint patrol in the Indo-Pacific in 2024, a follow-up on law enforcement drills carried out last year by the allies in waters near the disputed South China Sea. The US Coast Guard will also welcome Filipino and Japanese coast guard members onto a US Coast Guard vessel during the patrol for training, according to senior Biden administration officials who requested anonymity to preview the talks. The summit comes a day after Biden held one-on-one talks with Kishida and feted the Japanese premier with a glitzy state dinner at the White House, a diplomatic honour meant to recognise Tokyo's growing ..

Uniqlo operator Fast Retailing's Q2 profit climbs 7.2% at $721.80 mn

Fast Retailing left its full-year operating profit forecast unchanged at 450 billion yen

Fumio Kishida to address Congress amid scepticism about US role abroad

Japanese Prime Minister Fumio Kishida will head to Capitol Hill on Thursday for an address to US lawmakers meant to underscore the importance of keeping a strong partnership between the two countries at a time of tension in the Asia-Pacific and scepticism in Congress about US involvement abroad. Kishida was in Washington this week visiting President Joe Biden as the White House completed hosting each leader of the Quad an informal partnership between the US Japan, Australia and India that is seen as important to countering China's growing military strength in the region. Kishida is expected to talk about the future of the relationship between Japan and the US. He will be addressing many Republicans who have pushed for the US to take a less active role in global affairs as they follow the America First" ethos of Donald Trump, the presumptive Republican presidential nominee. The Republican-controlled House has sat for months on a USD 95 billion package that would send wartime fundin

US President Biden, Kishida enlist Amazon, Nvidia to fund AI research

The $50 million project will be a joint effort between the University of Washington in Seattle and Tsukuba University outside Tokyo, according to a senior US official

Biden thanks Japan's Kishida for global partnership at White House summit

A red-coated fife-and-drum corps played "Yankee Doodle" and marched before the two leaders during the elaborate arrival ceremony featuring honor guards from each U.S. military branch

Why is China trying to teach US, UK, Australia and Japan a history lesson?

China has warned that a recent move by the US, UK and Australia could escalate the risk of nuclear proliferation

As China plans 4th aircraft carrier, here's Japan's answer armed with F-35s

China currently operates two conventionally-powered aircraft carriers, with the third expected to conduct sea trials this year

Biden welcomes Japanese PM Kishida as they aim for deeper bilateral ties

US President Joe Biden has welcomed Japanese Prime Minister Fumio Kishida at the White House as the two leaders seek to further boost bilateral ties amid shared concerns about China's increasing assertiveness in the Indo-Pacific region. Biden and the First Lady Jill Biden have welcomed Kishida and his wife Yuko Kishida at the White House on Tuesday and treated them to a seafood dinner at a city restaurant. Biden has invited the Japanese Prime Minister for a State Dinner on Wednesday as part of the efforts to strengthen ties with countries in the Indo-Pacific region. President Biden last year hosted Prime Minister Narendra Modi for a State visit. "This (Kishida's) official state visit will build on the immense progress between our two nations that we've made towards creating a safer and more secure Indo-Pacific, as well as mutual prosperity for our peoples," US National Security Advisor Jake Sullivan said. The Indo-Pacific is a biogeographic region, comprising the Indian Ocean and