Page 9 - Japan

Sumitomo to invest $710 million to build renewable energy projects in India

Sumitomo to invest JPY 100 billion to build renewable energy projects in India

Joe Biden urged to reconsider $14 bn US Steel takeover by Nippon Steel

US Steel closed up 7 per cent in New York on Wednesday after recording the biggest intraday increase since Dec 18 earlier

Couche-Tard considers raising offer price for Seven & i after buyout talks

Seven & i has tapped Nomura to advise its board in preparation for a potential takeover battle with Couche-Tard, the Financial Times separately reported on Thursday

Who's vying to be Japan's next prime minister after Kishida's step down

Here are the leading contenders based on public opinion polls

Vedanta urges govt to talk with Japan, S Korea to end nickel sulphate duty

Vedanta and some smaller firms turn nickel ores imported primarily from Australia, Indonesia and Turkey into nickel sulphate before shipping it to South Korea, Japan and other countries

Bid for 7-Eleven owner shows Japan's governance gains: Suntory CEO Niinami

Niinami, 65, is one of Japan's most influential executives, serving as chair of the Keizai Doyukai business lobby and also as an economic adviser to current and former prime ministers

Nippon Steel's US setback a wake-up for Japan Inc's foreign investments

Some advisers said that the Nippon Steel deal was complicated by the US presidential election, with many Republican and Democratic lawmakers voicing opposition to it

Asia shares rise marginally with focus on US inflation test, Fed meet

Japan's Nikkei last traded 0.4 per cent higher, helped by gains in financial and consumer names

Asian markets dip after Wall Street had its worst week in nearly 18 months

Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The Nikkei 225 index was hovering around its lowest level in almost a month during morning trading, and it slipped 0.5 per cent to close at 36,215.75. Japan's gross domestic product grew by an annualised 2.9 per cent in the second quarter, according to revised data from the Cabinet Office released on Monday. This was below expectations. Any broader risk aversion may have an amplified effect on Japanese equities, with safe-haven flows potentially supporting the yen, which is looked upon as negative for the country's exporters, Yeap Jun Rong, market strategist at IG, said in a commentary. The US dollar was trading at less than 143 Japanese yen in Monday trading. Stocks in Chinese markets also racked up losses after worse-than-expected inflation data disappointed investors. Data from the National Bureau of

Japan's new PM likely to pledge more spending to support economy, growth

The winner of the Liberal Democratic Party's (LDP) leadership race, scheduled on Sept. 27, will become next prime minister due to the party's control of parliament

Australia's Domino's served with class action on 'misleading' Japan mkt

Echo Law on its website said the class action was in relation to a Domino's announcement made on Nov. 3, 2021

Couche-Tard asks Seven & i for talks as it rejects $38.5 bn offer

Seven & i said the deal was not in the best interest of its shareholders and could face antitrust challenges in the US

Quad summit to take place in Delaware this month, India may host next year

Prime Minister Narendra Modi is set to join the leaders of the US, Japan and Australia at the Quad summit in the US later this month as the influential grouping is likely to deliberate on pressing global challenges including the situation in Ukraine. The summit is likely to take place on September 21 in US President Joe Biden's hometown of Wilmington in Delaware, people familiar with the matter said. There is no official announcement yet on the date and venue of the high-profile summit. It was India's turn to host the Quad summit this year. However, the leaders of the grouping decided to hold the summit at a venue convenient to all in view of constraints of a tight calendar. As per the new plan, India is expected to host the Quad summit next year. Modi, Australian Prime Minister Anthony Albanese and his Japanese counterpart Fumio Kishida are among the world leaders who are travelling to the US to attend the UN's Summit of the Future in New York on September 22 and 23. The Quad su

Japan tries to reclaim its dominance as leader of global tech industry

It has been 40 years since such competitive anxieties about a rising Asian power prompted this kind of embrace of government intervention among the biggest free-market economies

Vaishnaw holds discussions on cooperation in railways, IT during Japan tour

Union minister Ashwini Vaishnaw discussed further enhancing cooperation with Japan in the field of railways, innovation in the digital landscape and focusing on futuristic technological advancements during his visit to Tokyo. Vaishnaw, who holds the portfolios of railways, information and broadcasting, and information technology and electronics, held productive discussions with Tetsuo Saito, Japan's minister of land, infrastructure, transport and tourism on enhancing India-Japan cooperation. Vaishnaw said he discussed enhancing railway cooperation, promoting economic growth and deepening cultural ties with Saito. The meeting with Saito took place on Thursday. "Met with Mr. Tadashi Maeda, MD & Chairman of Japan Bank for International Cooperation, to discuss progress under the India-Japan strategic partnership. Exchanged views on key areas of cooperation and future opportunities," he posted on X on Friday. Vaishnaw also met Taro Kono, the minister for digital transformation of ...

Hisahito becomes 1st Japanese royal male in 40 yrs to reach adulthood

In a big milestone for Japan's royal family, Prince Hisahito turned 18 on Friday, becoming the first male royal family member to reach adulthood in almost four decades. It is a significant development for a family that has ruled for more than a millennium but faces the same existential problems as the rest of the nation a fast-aging, shrinking population. Hisahito, who is set to become the emperor one day, is the nephew of Japanese Emperor Naruhito. His father, Crown Prince Akishino, was the last to do so, in 1985. Hisahito is the youngest of the 17-member all-adult imperial family, which currently has only four men. His status as the last heir apparent poses a major problem for a system that doesn't allow empresses. The government is debating how to keep succession stable without relying on women. The 1947 Imperial House Law, which largely preserves conservative pre-war family values, only allows a male to succeed to the throne and forces female royal members who marry commoners

Japan to give up to $2.4 bn in new support for EV battery production

The government backing included support for investments by Toyota, Nissan Motor

Japan's retail giant Seven & i rejects Couche-Tard's $38.5 bn takeover

Couche-Tard did not immediately respond to a request for comment from Reuters

30 minutes of sleep a day? Japanese man says it's his secret to success

Daisuke Hori, a 40-year-old entrepreneur from Japan, claims to have trained himself to function on just 30 to 45 minutes of sleep per day for the past 12 years

Chinese automaker BYD's push for global expansion faces challenges in Japan

Some Japanese are wary of buying big-ticket Chinese products due to quality concerns