Page 51 - Japan

India-Japan cherish strategic ties based on shared values: MoS MEA in Tokyo

MoS Muraleedharan is paying an official visit to Japan from November 8 to 10. During the visit, MoS Muraleedharan is expected to hold meetings with ministers, business leaders, academia.

Japan's SoftBank makes another bet on WeWork, hoping landlords will too

WeWork's long-term lease obligations of $13.3 billion accounted for more than 70% of its total debt as of end-June

Japan, UK look to boost security ties under new pact on sidelines of G7

Japanese and British foreign and defense ministers are to talk on Tuesday about deepening their military cooperation under a new security pact that allows their militaries to enter each other's turf for joint exercises. Japan and Britain have expanded their cooperation in recent years amid concern about China's growing influence. Japan, whose only treaty ally is the United States, has signed the Reciprocal Access Agreement with Australia and the UK so far, making them semi-allies. The talks in Tokyo among Japanese Foreign Minister Yoko Kamikawa and Defense Minister Minoru Kihara and Britain's Foreign Secretary James Cleverly and Defense Secretary Grant Shapps are the first since the RAA took effect in mid-October. They are meeting on the sidelines of the meeting of foreign ministers from the Group of Seven advanced nations on Tuesday and Wednesday that are expected to focus on the Israel-Hamas war, the Russia-Ukraine war and tension in the Indo-Pacific region. The four ministers' .

G7 FMs to meet in Japan with focus on Israel-Hamas conflict, Ukraine

Foreign ministers from G7 countries will meet in Japan's Tokyo this week to discuss the middle east war and the Ukraine conflict, while making efforts to prevent a regional conflagration.

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

India looks to host Joe Biden, Fumio Kishida in January Quad summit

The next Quad summit may take place in India around January 27 with New Delhi looking at hosting US President Joe Biden, Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese for the in-person deliberations, people familiar with the matter said on Friday. India has already invited Biden to be the Chief Guest for the Republic Day celebrations on January 26 and the Quad summit could take place the next day if everything goes according to plan, they said. It is learnt that it could be inconvenient for India and the US if the summit is held after March and New Delhi has conveyed to three other member nations that it would like to host the Quad leaders in the later part of January. Japan and Australia have sent preliminary communication to New Delhi that they are fine with the proposed date for the summit, the people cited above said, adding that Washington has also sent positive signals. All the deliberations among the Quad countries are now focused on t

Japanese nuclear plant starts 3rd release of treated radioactive wastewater

The tsunami-damaged Fukushima Daiichi nuclear power plant began its third release of treated and diluted radioactive wastewater into the sea on Thursday after Japanese officials said the two earlier releases ended smoothly. The plant operator discharged 7,800 tons of treated water in each of the first two batches and plans to release the same amount in the current batch through November 20. Tokyo Electric Power Company Holdings said its workers activated the first of the two pumps to dilute the treated water with large amounts of seawater, gradually sending the mixture into the Pacific Ocean through an undersea tunnel for an offshore release. The plant began the first wastewater release in August and will continue to do so for decades. About 1.33 million tons of radioactive wastewater is stored in about 1,000 tanks at the plant. It has accumulated since the plant was crippled by the massive earthquake and tsunami that struck northeastern Japan in 2011. TEPCO and the government say

India-Japan pact on semiconductor supply chain gets Cabinet green light

Japanese government-backed semiconductor venture Rapidus is likely to be a major element of the new partnership

Cabinet approves MoC between India, Japan for semiconductor development

The MoC envisages improved collaboration leading to employment opportunities in the field of Information technology (IT)

Coca-Cola sees double-digit volume growth in India in third quarter

The global cola giant reported an 8 per cent year-on-year jump in net revenue to $12 million

India set to be world's third-largest economy by 2030, says S&P Global

By 2030, India's GDP is forecast to surpass Germany's too

India to surpass Japan, be second largest Asian economy by 2030: S&P Global

India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year. India's gross domestic product (GDP) is expected to grow 6.2-6.3 per cent in the fiscal year ending in March 2024, being the fastest-growing major economy this fiscal year. Asia's third-largest economy grew by a stellar 7.8 per cent in the April-June quarter. "The near-term economic outlook is for continued rapid expansion during the remainder of 2023 and for 2024, underpinned by strong growth in domestic demand," S&P Global said. The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth outlook for the Indian economy, helped by a

Japan launches antimonopoly probe into Google's search dominance

The official said the issue was not that Google's service was widely used, it was about fair competition

Kishida plans an income tax cut for households and corporate tax breaks

Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment, in what's seen as a move to lift his dwindling public support. In his speech to start a new Parliamentary session, Kishida said it was time to shift from an economy of low cost, low wages and cost-cutting to one backed by growth led by sustainable wage hikes and active investment. I'm determined to take unprecedentedly bold measures, Kishida said, pledging an intensive effort to achieve stronger supply capability in about three years. He said he is determined to help people ride out the impact of soaring prices for food, utilities and other costs that have exceeded their salary increases, by implementing income tax cuts. He also pledged to introduce corporate tax incentives to promote wage increases, investment and optimisation. Previously, Kishida had been considered relucta

In a letter, Toyota lobbies Centre to cut hybrid car taxes as much as 21%

India taxes EVs at just 5 per cent, while the levy on hybrids is as high as 43 per cent, just below the 48 per cent imposed on petrol cars

How the world once handled war crimes

Professor Gary J Bass delves into the forgotten history of the Tokyo trial after World War II, exploring the complex dynamics of justice, politics, and international law in the aftermath of conflict

UN watches Japanese lab prepare fish samples from damaged nuclear plant

Scientists from the UN nuclear agency watched on Friday as Japanese lab workers prepared samples of fish collected at a seafood market near the Fukushima nuclear plant to test the safety of treated radioactive wastewater released from the damaged plant into the sea. The discharge of wastewater began on August 24 and is expected to continue for decades. It has been strongly opposed by fishing groups and neighbouring countries, including China and Russia, which have banned all imports of Japanese seafood. Japan's government and the plant operator, Tokyo Electric Power Company Holdings, say the discharge is unavoidable because wastewater storage tanks at the plant will be full next year. They say the water produced by the damaged plant is treated to reduce radioactivity to safe levels, and then diluted with massive amounts of seawater to make it much safer than international standards. On Friday, a team from the International Atomic Energy Agency watched as fish samples were prepared a

As auto shipments to US, Europe climb, Japan's exports rise, imports drop

Japan's exports climbed 4.3% in September from a year earlier as shipments of vehicles, machinery and electronics rose while imports of oil and gas fell sharply, the government said Thursday. Exports totaled 9.2 trillion yen ($61 billion) in September while imports fell 16.3% from the year before to 10.9 trillion yen ($72 billion), according to provisional customs data released Thursday. That left a positive balance of 62.4 trillion yen ($410 billion), the first monthly trade surplus in three months. September's increase in exports was the biggest gain since March and was stronger than analysts had expected. The figures suggest strong activity in Japan's vital manufacturing sector despite faltering global demand. Economists said the drop in imports was mainly due to base effects from the year before. In the first half of Japan's fiscal year, from April-September, exports edged up just 1.4% from a year earlier, to a record 50.2 trillion yen ($330 billion) while the trade deficit sh

Exploring tie up with Japanese companies for chip plant in Gujarat: Vedanta

Vedanta's Akarsh K Hebbar during Vibrant Gujarat Global Summit roadshow in Japan had said that it is $80 bn opportunity for cos willing to come and invest in electronics manufacturing hub in Guj

Fukushima nuclear wastewater: Japan criticises Russian ban on its seafood

Japan criticised Russia's announcement that it's joining China in banning the imports of Japanese seafood in response to the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant. Russia said it will start implementing import restrictions on Japanese seafood on Monday, nearly two months after the tsunami-wrecked Fukushima Daiichi nuclear power plant started releasing treated and diluted radioactive wastewater into the ocean. The wastewater discharges, which are expected to continue for decades, have been strongly opposed by fishing groups and neighbouring countries including South Korea, where hundreds of people have protested. China immediately banned all imports of Japanese seafood the day the release began in August, badly hurting Japanese seafood producers and exporters. The Japanese Foreign Ministry said its senior officials notified the Russian Embassy in Tokyo that Japan has been providing transparent and scientific explanations about safety