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Category: BUSINESS

Posted on 20/11/2024

Japan ramps up tech ambitions with $65 bn for AI, chips

Japan is readying a $65-billion push in microchips and artificial intelligence aimed at reclaiming its status as a global tech leader and meeting the urgent challenges of its ageing, shrinking ... ( read original story ...)

Posted on 20/11/2024

Tokyo Gas shares jump most since 1987 after activist fund discloses major stake

Tokyo Gas shares jumped as much as 15% after Elliott Investment Management said it now held a major stake in the company and may make "important proposals” to the utility. The fund has acquired 5.03% ... ( read original story ...)

Posted on 20/11/2024

Japan exports rebound on China chip-making demand; Trump tariff risks loom

Japan's exports expanded faster than expected in October led by a pick-up in chip equipment demand in China, though fears persist over potential U.S. protectionist trade policies that could hamper ... ( read original story ...)

Posted on 20/11/2024

Asia-Pacific markets are set to open mostly lower; Japan trade and China lending rate in focus

China is expected to leave its benchmark lending rates unchanged Wednesday after cutting them in October, according to a Reuters poll. ( read original story ...)

Posted on 20/11/2024

Seven & i shares soar after report founding family aims to complete buyout this FY

Shares in Seven & i Holdings jumped more than 9 per cent in early Tokyo trading on Wednesday following a media report that the founding family behind the Japanese retailer was aiming to take it ... ( read original story ...)

Posted on 20/11/2024

Japan records trade deficit for the fourth month straight despite export recovery

TOKYO — Japan racked up a trade deficit in October for for a fourth straight month as a weak yen and the rising price of energy kept import costs high. The trade deficit, which amounts to a nation’s ... ( read original story ...)

Posted on 20/11/2024

Can You Start A Business in Japan On ‘Work Visa?’

If you plan to start a business in Japan, acquiring the appropriate resident status—often called a “work visa“—is essential. This visa allows you to engage in your business as a president or manager ... ( read original story ...)

Posted on 20/11/2024

Japan’s Norinchukin eyes investment, posts $3.1 bn loss after sovereign debt sales

Japan's Norinchukin Bank posted on Tuesday a net loss of $3.1 billion in the second quarter after realizing losses on its large holdings of foreign government bonds, which dropped in value as interest ... ( read original story ...)

Posted on 19/11/2024

Japan’s beef bowl economy shows consumer resilience as prices rise

Beef bowls are serious business in Japan. Shares of Zensho Holdings rose 10 per cent on Tuesday to give the local fast-food restaurant operator a market value of nearly $10bn following plans to raise ... ( read original story ...)

Posted on 19/11/2024

Activist investor Elliott takes stake in Tokyo Gas, filing shows

U.S. hedge fund Elliott Management Corp has taken a stake of 5.03% in Tokyo Gas , a regulatory filing showed on Tuesday. ( read original story ...)

Posted on 19/11/2024

Japan’s Norinchukin posts $3.1 bln Q2 loss after selling sovereign bond holdings

Japan's Norinchukin Bank posted on Tuesday a net loss of 481 billion yen ($3.11 billion) for the July-September quarter after selling part of its extensive sovereign bond portfolio. ( read original story ...)

Posted on 18/11/2024

Uniqlo’s chief says fast fashion must change with the times

Japanese clothing retailer Uniqlo is celebrating its 40th year since its founding with booming sales that recently topped 3 trillion yen, or about $20 billion, annually for the first time. ( read original story ...)

Posted on 18/11/2024

Vietnam’s FPT Software discusses its Japan business strategy

Chu Thi Thanh Ha, chair of the Vietnamese software company, discusses expansion plans and how it captures market share in Japan. ( read original story ...)

Posted on 18/11/2024

BOJ chief sees higher chance of wage-driven inflation in Japan

Bank of Japan Governor Kazuo Ueda said on Monday the economy was making progress in achieving sustained inflation backed by rising wages, signalling that conditions for raising interest rates again ... ( read original story ...)

Posted on 18/11/2024

Yen bulls lie in wait for U.S.-Japan yield gap to shrink next year

The likelihood of Bank of Japan interest-rate hikes and further Federal Reserve cuts will drive the yen's recovery, some say. ( read original story ...)

Posted on 18/11/2024

Strong magnitude 6 earthquake rocks Japan 10km under sea level

Japan has been struck by an undersea earthquake measuring magnitude six. The quake’s epicentre was 10km under sea level, off the northeast Coast of Amami-Oshima Island, the country’s meteorological ... ( read original story ...)

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