Page 3 - Japan

Bank of Japan raises interest rates to highest level since 2008 at 0.5%

The hike is part of the BOJ's plan to gradually increase rates to a neutral level of around 1% to sustain economic stability

JSW Steel seeks syndicated loan of up to $900 mn from international lenders

JSW Steel's loan comes amid a busy period for Indian borrowers, with Reliance Industries and Greenko Energy Holdings's founders also tapping foreign debt as local funding rates remain elevated

Barclays sees heightened competition in India from Japan's biggest banks

Japanese banks including Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Financial Group Inc. are targeting India and the US for expansion

E10 bullet train to debut in India and Japan simultaneously in 2030

The Shinkansen E5, with a top speed of 320 km/hr, was India's earlier plan. However, the transition to E10 model offers a more advanced version with a top speed of 400 km/hr, enhancing speed & safety

India drops to 3rd in trust index; low-income less trusting of institutions

India has slipped one place to third slot when it comes to people's trust in the government, businesses, media and NGOs, while the low-income population is far less trusting than their richer counterparts, a study showed here on Monday. The annual Edelman Trust Barometer, now in its 25th year, released before the start of the World Economic Forum Annual Meeting, also showed that India ranks low at 13th place when it comes to trust of people in other countries, in companies with Indian headquarters. Canada topped this list of foreign-headquartered companies, followed by Japan, Germany, the UK, France and the US, while those ranked higher than India also included Mexico, South Africa, Saudi Arabia, China and Brazil. The overall list for trust of the general population in the government, businesses, media and NGOs was again topped by China, while Indonesia replaced India for the second spot by virtue of an increased score despite the Indian score remaining unchanged. The survey of 28

Jaishankar holds bilateral meetings with counterparts from Japan, Australia

External Affairs Minister S Jaishankar on Sunday held meetings with his counterparts from Australia and Japan here during which they discussed bilateral issues and those pertaining to QUAD. An initiative of the Donald Trump administration in its first term, QUAD comprises Australia, India, Japan and the United States. The outgoing Joe Biden administration elevated it to the leadership level. A QUAD ministerial is expected to be the first order of business in terms of international meetings of Marco Rubio once he is confirmed by the US Congress and sworn in as the Secretary of State, which is reflective of the importance given to this grouping by the second term of the Trump administration. "Delighted to meet FM @SenatorWong, a Quad colleague, in Washington DC today. As always, enjoyed our discussion on the state of the world," Jaishankar posted on X after meeting Australian Foreign Minister Penny Wong. "Good to meet with FM Takeshi Iwaya of Japan. Reviewed the progress in our ...

PFC signs 120 bn yen loan pact with Japan's JBIC for RE project

State-owned PFC on Thursday said it has inked an agreement with Japan Bank for International Cooperation (JBIC) for 120 billion Japanese yen (around Rs 6,600 crore) loan facility. According to a PFC statement, under the agreement signed on Wednesday, JBIC will provide funding of JPY 72 billion, and the balance will be funded by commercial banks. This long-term (up to 20 years ) loan to PFC will be provided under JBIC's initiative 'Global action for Reconciling Economic growth and Environmental preservation' (GREEN). The funds will be utilized by PFC to finance its renewable energy portfolio, advancing India's transition to non-fossil-fuel-based energy sources. This deal marks the largest green financing agreement ever executed by JBIC with any company in India. The loan agreement was signed by Parminder Chopra, Chairman and Managing Director, PFC and Ogawa Kazunori, Senior Managing Director, JBIC in the presence of Takashi Ariyoshi, Minister & Deputy Chief of Mission, Embassy of .

Japan will be country partner in Global Investors Summit Madhya Pradesh

Renewable energy policies include the MP Pump Hydro storage Policy 2025, Madhya Pradesh Biofuel Promotion Policy 2025, and MP Urban Gas Distribution Policy 2024, all of which are expected to be finali

Japan raises visa fees from April 1, extends startup visa duration

Revised fees for Japan visa apply to both physical and online filings for a range of applications

WazirX's $235 mn hack linked to North Korea; US, Japan, S Korea to counter

The US, Japan, and South Korean governments have pledged to counter North Korea by imposing sanctions and strengthening cybersecurity in the Indo-Pacific region

Magnitude 6.9 earthquake hits southwestern Japan; tsunami threat lifted

A strong earthquake with a preliminary magnitude of 6.9 has hit southwestern Japan, the country's Meteorological Agency said Monday. Tsunami warnings were issued for Miyazaki Prefecture, where the temblor was centred, in the southwestern island of Kyushu, as well as nearby Kochi Prefecture, shortly after the quake struck at 9:19 pm local time, according to the agency. The extent of damage was not immediately clear. Japan is frequently hit by earthquakes because of its location along the Ring of Fire, an arc of volcanoes and fault lines in the Pacific Basin.

US, Japanese, Philippine leaders discuss China's behaviour in S China Sea

The three leaders agreed on the importance of continued coordination to advance a free and open Indo-Pacific

Hammer attack at Tokyo University leaves 8 injured, suspect in custody

A 22-year-old sociology student attacked eight people with a hammer during class at Hosei University, Tokyo

Nomura hires Sudhir Nemali as international wealth chief operating officer

Nemali, who has over three decades of wealth management experience, is joining from Deutsche Bank, where he was most recently the chief operating officer for wealth management

Hyundai launches $18,000 compact EV in Japan to penetrate EV-wary market

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs

Ramayana: The Legend of Prince Rama gets new release date for this month

India-Japan collaborative animated movie 'Ramayana: The Legend of Prince Rama' is releasing this month. The makers have shared the new date of release on Instragram

Japan's PM heads to Malaysia, Indonesia to boost defence, economic ties

Japanese Prime Minister Shigeru Ishiba on Thursday began a trip to Malaysia and Indonesia as part of an effort to strengthen defence and economic ties with Southeast Asia as China's threats grow in the region. The visit, his first for bilateral talks outside of international meetings, shows Japan's commitment to further those ties even as the US presence in the region may decrease after President-elect Donald Trump takes office later this month. Malaysia and Indonesia are maritime regional powers near vital shipping lanes and are key to Japanese and global security and the economy, and they share concerns over China's increasing assertiveness, officials say. Ishiba, who will meet Friday with Malaysian Prime Minister Anwar Ibrahim, hopes to strengthen security cooperation and discuss efforts to ensure stable supply chains with Malaysia, which is chair of the Association of Southeast Asian Nations this year. On Saturday, Ishiba and Indonesian President Prabowo Subianto will reportedl

Apollo plans to expand in Japan, add staff to its Asia wealth business

The New York-based asset manager aims to add around 10 people in Japan to accelerate its expansion in the country

Japan's new workforce prioritises work-life balance, decline in 'Karoshi'

Japan's annual working hours have dropped from 1,839 in 2000 to 1,626 by 2022, a decrease of 11.6 per cent, with younger workers driving the trend

Toyota backs Japanese space startup Interstellar to mass-produce rockets

As part of the capital and business tie-up, Woven will appoint a director to IST's board and support rocket production by strengthening supply chains and corporate governance, IST said