Page 60 - Japan

Ageing with no successors: Japan's population sees steepest fall since 1968

On the other hand, there was a 10.7 per cent jump in foreign residents with addresses registered in Japan

Japan's central bank retains interest rate, will fine-tune bond purchases

Japan's central bank opted Friday to keep its benchmark interest rate at minus 0.1% but said it will fine-tune its bond purchases to allow greater flexibility. The Bank of Japan said that extremely high uncertainties for the economy and prices required a more nimble approach than its previous policy. It said it would offer to buy 10-year Japanese government bonds at 1% each business day, instead of the upper limit of 0.5% that was imposed under its yield curve control program. It said its aim is still to keep long-term interest rates near zero percent. The BOJ has been under pressure to adjust its policies as Federal Reserve and other major central banks have raised interest rates to curb inflation. Japan's inflation rate has lagged those in the U.S. and Europe but is now over 3%, adding to those pressures. Meanwhile, the gap between Japan's negative benchmark rate and rates in the U.S. has caused the Japanese yen to weaken against the U.S. dollar, adding to price pressures in Jap

India, Japan explore collaboration in semiconductors, other critical tech

India and Japan on Thursday explored possible collaboration in critical and emerging technologies such as semiconductors, besides ways to expand cooperation in areas of defence equipment and technology. In their wide-ranging talks, External Affairs Minister S Jaishankar and his Japanese counterpart Yoshimasa Hayashi emphasised the crucial role of a strong and enduring partnership between India and Japan in ensuring a free, open, and prosperous Indo-Pacific. The two sides also highlighted the importance of achieving the target of five trillion Yen Japanese investment in India in the period 2022-27, according to the Ministry of External Affairs (MEA). The talks took place hours after Hayashi arrived here on a two-day visit with an aim to review and bolster Indo-Japan strategic ties. In a tweet, Jaishankar described the discussions at the 15th India-Japan Strategic Dialogue as "warm and comprehensive". "Our talks covered enhancing political, defence and security, economic and commerc

India has asked Japan, South Korea to renegotiate FTAs: Piyush Goyal

During FY23, India's trade deficit with Japan rose to $11.03 billion from $8.22 billion a year ago as exports grew at a slower pace as compared to imports

India asking for renegotiation of FTAs with Japan, S.Korea -trade minister

Goyal also termed India's free trade agreement with the Association of Southeast Asian Nations (ASEAN) "ill-conceived" and "unfair" to the Indian industry

Nolan's Oppenheimer could lead to more useful discussions for Japan

Christopher Nolan's blockbuster biopic was released in the US just after the anniversary of the Trinity test, the culmination of the Manhattan Project on July 16, 1945

Population of Japanese citizens falls in all 47 prefectures for first time

While number of registered foreign residents ticked up by about 300,000 to almost 3 million, it was not enough to make up for the shortfall in Japanese nationals. The overall population shrank by 0.4%

Omron Healthcare starts construction of manufacturing unit in Tamil Nadu

The new manufacturing unit is expected to start functioning by March 2025

China urges Japan not to disrupt chip industry after tech curbs take effect

China's government appealed to Japan on Monday not to disrupt the semiconductor industry after curbs on exports of Japanese chip-making technology took effect, adding to technology restrictions Washington and its allies have imposed on China on security grounds. The Japanese restrictions that took effect Sunday limit Chinese access to tools for etching microscopically small circuits on advanced chips for smartphones, artificial intelligence and other applications. The Netherlands also joined the United States in limiting access to chipmaking tools that Washington says could be used to develop weapons. We are deeply dissatisfied and regret the act, said a foreign ministry spokesperson, Mao Ning. She urged Japan to prevent relevant measures from interfering with the normal semiconductor industry cooperation between the two countries. The ruling Communist Party has invested billions of dollars in building Chinese chip foundries but needs Western and Japanese technology to produce the .

Japanese, US, and South Korean officials condemn North's weapons plans

Senior officials from Japan, the US and South Korea condemned North Korea over its recent ICBM-class ballistic missile launches and vowed to step up their trilateral cooperation to strengthen deterrence and sanctions against the North, while stressing the need for dialogue with Pyongyang. Their meeting Thursday in the central Japanese city of Karuizawa comes days after North Korea's solid-fuel ICBM launch last week, which landed in the water off the western coast of Japan's northern main island of Hokkaido and one day after the launch of two missiles on Wednesday. The US special representative for North Korea, Sung Kim, also said that the United States was working hard to gather information about an American soldier who fled to the North earlier this month. The US was seeking to ensure his safety and return him home, Kim said. Pvt Travis King, 23, had been held in South Korea on assault charges and was released on July 10 after serving his time. He was taken to the airport Monday bu

EAM S Jaishankar lauds former Japanese PM Shinzo Abe for envisioning QUAD

External Affairs Minister S Jaishankar on Thursday lauded former Japanese prime minister Shinzo Abe for envisioning the QUAD, and said it was the "only way" the countries concerned could have reacted to the present global situation. Jaishankar said Abe tried to engage with India with a certain purpose. "Abe was actually a person who foresaw a world beyond alliances...Japan is a country whose security and prosperity is secured by its alliance institutions. So that is the bedrock on which Japanese policies are based. The genius of Abe was to understand that, and yet to know...look for options, explore possibilities, he said. He was speaking at the launch of the book, "The Importance of Shinzo Abe, India, Japan and the Indo-Pacific", edited by Sanjaya Baru, who served as the media advisor to then Prime Minister Manmohan Singh between 2004 and 2008. Jaishankar credited Abe for the creation of QUAD, a strategic security dialogue between Australia, India, Japan and the United States. "S

Japan keen to invest Rs 2.95 trn in India across sectors; signs chip pact

Discussions were also held on the recent developments in the steel industry, the current global situation and its challenges, the minister added

India, Japan sign pact for semiconductor development: Ashwini Vaishnaw

India and Japan on Thursday signed an agreement to develop the semiconductor ecosystem, including research and manufacturing, Union minister Ashwini Vaishnaw said on Thursday. The agreement was signed between Vaishnaw and Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura in the national capital. "Japan and India have signed a memorandum for semiconductor design, manufacturing, equipment research, talent development and to bring resilience in the semiconductor supply chain," Vaishnaw said. The nations will create "implementation organisation" that will work on government-to-government and industry-to-industry cooperation, Vaishnaw added.

Japan keen to make investments worth 5 trillion yen in India: Scindia

Japan is keen to make investments of around 5 trillion Japanese yen in India across various sectors including steel, Union Minister Jyotiraditya Scindia said on Thursday. The steel minister made the remarks after a meeting with a Japanese delegation led by NISHIMURA Yasutoshi, Minister of Economy, Trade and Industry of Japan, in the national capital. "We had a very detailed discussion...about the common strategies that we can develop in terms of the path forward, exchange of best practices, exchange of new technologies, Japanese investment in India which would be close to 5 trillion yen...over the next few years not only in the steel sector but other sectors as well," Scindia told PTI in reply to a question on the discussions held in the meeting. The meeting was very positive. It will provide many areas and platforms where India and Japan will work closely together with regards to the steel sector, he said, adding the delegation discussed tremendous growth prospects in India in the

India passport ranking improves, jumps five spots in Henley Passport Index

Singapore replaced Japan to become the country with the most powerful passport. India also jumped five positions, ranking 80th. Indians can travel to 57 destinations without any visa

Japan has immense opportunities for Indian apparel exporters: AEPC

Decline in Chinese garment exports to Japan provides an immense opportunity for the Indian apparel industry to boost shipments to the island nation, AEPC said on Wednesday. The Apparel Export Promotion Council (AEPC) said a strong Indian garment industry with its unique offerings has a huge scope for Japanese trading companies to source from India. Members of the council are participating in the 12th edition of the India Tex Trends Fair in Tokyo. Speaking at the inauguration of the fair, AEPC Chairman Naren Goenka said over 180 Indian exhibitors are participating in the fair. Apparel imports into Japan have witnessed a positive mark in the last three years. Japan's total import from the world, which was USD 28.49 billion in 2018, has now risen to USD 46.72 billion, he said adding Japan is the fourth largest garment importer in the world after the US, Germany and France. Out of the total garment import of USD 23 billion by Japan, India's share is just one per cent. We hold a stron

A Japanese company bans late-night work. A baby boom soon follows

We set out to boost productivity but had no idea it would have an impact on the birthrate, says Fumihiko Kobayashi, Executive vice-president, Itochu

Is Japan China's future?

China could be staring at the start of a deflationary phase similar to the one Japan experienced in the early 1990s

Singapore passport world's most powerful, replacing Japan: Henley Index

The US, which once topped the ranking nearly a decade ago, slid two places to eighth place

Tokyo's heat smashes 150-year trend as extreme weather bakes globe

The hottest place in country was Kiryu, a city about two hours north of Tokyo, where the maximum temperature hit 39.7C over the weekend. Japan's all-time record is 41.1C