Page 44 - Japan

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

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