Page 7 - Japan

Japan PM Ishiba hails Trump's order to cut tariffs on autos, other imports

Japan's Prime Minister Shigeru Ishiba welcomed US President Donald Trump's signing of an order to implement lower tariffs on automobiles and other Japanese imports as a step that addressed uncertainty for key industries. The reduction to 15 per cent from the previous 25 per cent was agreed between the two sides on July 22. Tariff negotiations between Japan and the United States were the top priority for the government, and we have put all our effort into achieving an agreement in the best possible way as soon as possible, Ishiba said Friday. The way it was achieved is just excellent. The step on tariffs comes as the Japanese prime minister faces pressure from right-wing rivals within his party to resign over the party's July election loss. In Washington, Japan's top tariff negotiator, Ryosei Akazawa and his US Commerce Secretary Howard Lutnick also signed a joint statement, confirming a USD 550 billion Japanese investment in US projects. Akazawa said Trump's order brings down tar

US commerce secy hails $550 billion trade deal with Japan as 'game changer'

He added, 'We will use the funds to build our energy infrastructure, chip manufacturing, critical minerals mining, and shipbuilding to name a few'

Asian shares slip after US stocks sink, Japan faces political uncertainty

Asian shares declined Wednesday, echoing a fall on Wall Street, as political uncertainty took centrestage in Japan, making for cautious trading on the Tokyo Stock Exchange. Japan's benchmark Nikkei 225 shed 0.2 per cent in morning trading to 42,222.36. The fate of Japanese Prime Minister Shigeru Ishiba has been uncertain for weeks, with calls growing both for him to resign and to remain, after a recent election defeat and the rise of fringe parties have shaken public faith in the ruling Liberal Democratic Party. Confidence was rocked further by a recent comment from Ishiba's ally, Hiroshi Moriyama, who said he was stepping down as party secretary general. The political tremor is domestic, with Prime Minister Ishiba's key power broker signalling his resignation, shaking the foundations of the ruling party, said Stephen Innes, managing partner at SPI Asset Management. Australia's S&P/ASX200 slipped 1.1 per cent to 8,800.60. South Korea's Kospi edged up 0.3 per cent to 3,181.37. Hong

Japanese shipping major MOL in talks with govt to build ships in India

Japanese shipping major Mitsui OSK Liners (MOL), the world's second largest company in terms of fleet size, is in talks with the Indian government to build ships in the country to become part of India's maritime growth story, a top official said on Tuesday. MOL (India) South Asia Middle East Region Executive Officer Capt Anand Jayaraman said MOL (India) has re-registered 13 ships in India (10 under MOL India and 3 under IFSC) out of its total fleet of 935 vessels. "We are a shipowner company...India is where growth is, and the country has also announced a subsidy scheme for the shipping sector," he said in a media briefing. According to Jayaraman, the 141-year-old company is currently the 4th largest shipowner in India, and it aspires to become 2nd largest shipowner in India. "Aligning with the government of India's push, we are discussing with the government to build ships in India...Shipbuilding is a high capital-intensive business. We will work with shipyards," he said. Jayara

Beyond the bullet train: Japan's expanding role in India's infrastructure

India and Japan ramp up ties with a $67 billion investment plan as Tokyo's funding footprint grows beyond bullet trains to metros, freight corridors, bridges, and water projects

PM Modi concludes Japan-China visit, stresses India's stance at SCO Summit

Describing the visit as "productive" in a post on X, PM Modi said he emphasised India's position on key global issues during his engagements

Best of BS Opinion: India's tariff woes will need careful handling

Today's Opinion Page is dominated by the issue of US tariffs, and what India can do to mitigate its effects. How will it impact India's GDP, and is turning to China really a wise call. Read on.

Southeast Asia factories gain momentum as Japan, South Korea face slowdown

In Indonesia, output and new orders increased for the first time in five months and production in Thailand rose at the fastest pace in 13 months, according to S&P Global data

Japanese firms pare growth in capital spending as Trump tariffs hit

Capex on goods excluding software gained for a fifth consecutive quarter in the three months through June, but pace of increase decelerated sharply to 0.2 per cent from 2 per cent in previous period

A bullet train to shared futures: $67 bn Japan boost for India growth

In the past two years alone, India and Japan have signed 170 Memoranda of Understanding (MoUs) worth $13 billion in committed investments

Faltering ties with US drive deeper bilateral ties between India, Japan

Modi's Tokyo visit boosts India-Japan ties with 21 pacts, $67 bn investment push, and deeper cooperation amid US trade tensions and Indo-Pacific challenges

Japanese minister halts visit after Trump demands Japan buy rice from US

Japan has cancelled a planned visit to Washington amid tensions over US demands for Tokyo to increase American rice imports

PM Modi rides bullet train with Ishiba, set to visit semiconductor plant

Ministry of External Affairs Spokesperson, Randhir Jaiswal, said that the gesture of both PMs travelling together symbolises the warmth of the India-Japan friendship

India, Japan condemn Pahalgam terror attack; urge action against LeT, JeM

The two Prime Ministers called for the elimination of terrorist financing channels and their nexus with transnational crime, and a halt to the cross-border movement of terrorists

PM Modi meets 16 Japanese governors; India, Japan sign multiple MoUs

In Tokyo, Prime Minister Narendra Modi urged stronger India-Japan sub-national ties; both sides signed multiple agreements spanning trade, tech, security, and clean energy

$67 bn in 10 years: Japan pledges long-term investment push in India

Modi-Ishiba talks yield 21 outcomes: From defence and critical minerals to high-speed rail and skill training

China on mind, India and Japan deepen economic security partnership

They also proposed annual dialogue of their national security advisers to take stock of security situation facing India and Japan, and have increased consultation between their military leaderships

Japan will invest 10 trillion yen in India over next decade: PM Modi

The announcement comes after Prime Minister Narendra Modi and his Japanese counterpart, Shigeru Ishiba, held talks during the 15th India-Japan Annual Summit in Tokyo

Capital doesn't just grow in India, it multiplies: PM Modi to Japan Inc

At the India-Japan Economic Forum, PMs Modi and Ishiba vowed deeper cooperation in semiconductors, AI, green energy, infrastructure, and skill development

PM Modi likely to secure deal for E10 bullet trains during Japan visit

The E10 Shinkansen high-speed train project is expected to form part of a new transport and mobility partnership between India and Japan