Trends - Japan - Business Recorder

World

Japan PM Suga aims to meet with Biden as soon as possible

Suga, speaking at a symposium, also said Japan was preparing to implement thorough coronavirus prevention measures for the Summer Olympics next year.

Published 22 Dec, 2020 11:49am

Technology

Japan telco SoftBank bows to government pressure with fee cuts

The announcement, which follows pressure from Prime Minister Yoshihide Suga to reduce fees, marks a shift from offering low-price plans on its budget Ymobile brand while pushing consumers seeking the latest phones or more data onto expensive tariffs.

Published 22 Dec, 2020 10:17am

Markets

Tokyo stocks close lower with wary eyes on virus

The benchmark Nikkei 225 index fell 0.18 percent, or 48.97 points, to 26,714.42.

Published 21 Dec, 2020 11:41am

World

Japan sets record $52 billion military budget with stealth jets, long-range missiles

Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1% from this year.

Published 21 Dec, 2020 11:17am

Markets

Mitsubishi Motors to focus on hybrids in SE Asia, part of regional 'electrification' push

The gasoline-fueled Xpander car has been sold in the region since 2017, starting with Indonesia and later the Philippines, Thailand, Vietnam and Malaysia.

Published 21 Dec, 2020 09:30am

Business & Finance

Hundreds of Japanese IT cos keen to enter Pakistan

The Japanese IT Association said that more than 500 Japanese IT companies will come to Pakistan.

Published 19 Dec, 2020 10:40am

World

Lockheed Martin to help Japan build stealth fighter

Lockheed will partner with project leader Mitsubishi Heavy Industries
The new fighter, which is known as the F-3 or F-X and is expected to cost about $40 billion, will replace the F-2

Published 18 Dec, 2020 12:53pm

Markets

Japan raises GDP outlook for FY2021 on lift from stimulus package

Consumer prices remain subdued due to weak domestic demand and the government' discount travel campaign to support the tourism industry.

Published 18 Dec, 2020 10:41am

World

Pfizer applies for COVID-19 vaccine approval in Japan

Pfizer said in a statement it had made the application to Japan's Health Ministry, along with providing information on tests it has carried out up to now.

Published 18 Dec, 2020 09:44am

World

Japan to develop longer-range anti-ship missiles

The missiles would allow Japan to expand a strategy known as anti-access area denial (A2AD), that is meant to stop foreign forces from operating freely in waters close to home territory.

Published 18 Dec, 2020 09:35am

World

Bird flu spreads to a quarter of Japan prefectures

Both the strain circulating in Asia and one spreading rapidly in Europe originated in wild birds, they said.

Published 16 Dec, 2020 10:08am

World

Japan PM Suga under fire for year-end dinners as coronavirus cases mount

"The prime minister's schedule has a message to the people, so I would like to see due consideration," said Natsuo Yamaguchi, head of the ruling party's junior partner, Komeito.

Published 16 Dec, 2020 09:51am

Business & Finance

Japan posts record run of export declines on soft US, China demand

Imports shed 11.1% in November compared with the same month a year earlier, versus the median estimate for a 10.5% decrease. Japan's trade surplus narrowed to 366.8 billion yen ($3.54 billion), versus the median estimate for a 529.8 billion yen surplus.

Published 16 Dec, 2020 09:48am

Markets

Indian shares hit record highs on Mahindra and Mahindra boost

Automaker Mahindra and Mahindra rose 2.5% on Wednesday and was the top percentage gainer on the Nifty 50.

Published 16 Dec, 2020 09:39am

Markets

Tokyo stocks open higher with eyes on US Fed

Japan has booked a trade surplus of 366.8 billion yen ($3.5 billion) in November, the fifth consecutive monthly surplus, according to data released by the finance ministry before the opening bell, which prompted little reaction from investors.

Published 16 Dec, 2020 09:07am

Markets

Japan's new stimulus package likely to boost GDP most strongly next fiscal year, minister says

The $708 billion stimulus package, which was endorsed by the cabinet last week.

Published 15 Dec, 2020 03:28pm

Markets

Japan must make fiscal reforms as it launches third extra budget, says finmin Aso

"It's true that underlying fiscal conditions will worsen due to the third extra budget," Aso told reporters after the budget was approved by the cabinet.

Published 15 Dec, 2020 03:26pm

Business & Finance

Japan provides Rs1.54bn to Pakistan to mitigate COVID-19 Impact

The agreement will help in the purchase of medical equipment, especially ventilators and oxygen cylinders.

Published 15 Dec, 2020 01:38pm

Markets

EMERGING MARKETS-Asian stocks slip on virus case surge; ringgit weakens

Thailand's 10-year government bond yields are down 4 basis points at 1.22%.

Published 15 Dec, 2020 12:12pm

Sports

Most in Japan oppose holding Olympics in 2021: polls

Postponing the Games and devising coronavirus countermeasures has proved a logistical nightmare for organisers, and carries a steep price tag.

Published 15 Dec, 2020 11:11am

World

Japan to decide on third extra budget to ease COVID-19 pain

The extra budget comes a week before next fiscal year's annual budget draft is due to be decided, both of which will be rolled out together as a 15-month budget.

Published 14 Dec, 2020 03:30pm

Business & Finance

Japan business confidence improves again after virus plunge

Once it hit, there were no mandatory lockdowns in the country, with the government instead asking people to stay at home -- a request that was largely heeded.

Published 14 Dec, 2020 09:52am

Markets

Tokyo stocks open higher on sound business survey

The Dow Jones Industrial Average added 0.2 percent at 30,046.37, while the broad-based S&P 500 declined 0.1 percent and the tech-rich Nasdaq Composite Index shed 0.3 percent.

Published 14 Dec, 2020 08:50am

World

Bird flu outbreak spreads to 20% of Japan's prefectures

The government is calling for extra vigilance because of the growing number of infections in Japan and in Europe, which is in the grip of an outbreak. Japan has suspended poultry imports from seven countries, including Germany.

Published 11 Dec, 2020 11:29am

Markets

Japan's new govt bond issuance to top $1 trillion this fiscal year

The amount would be an increase from roughly 90 trillion yen in new bonds the government had planned to sell in the year ending in March, partly to fund two previous spending packages.

Published 10 Dec, 2020 01:10pm

World

Japan's bird flu outbreak worsens, government orders disinfection of poultry farms

The government on Wednesday called for the disinfection of poultry farms across Japan to contain the outbreak, national broadcaster NHK said.

Published 10 Dec, 2020 10:01am

World

Japan weighs ships for Aegis missile defence system

The distinction is key in Japan, whose pacifist post-war constitution strictly limits the country's military to self-defence, leaving it heavily dependent on the United States for security.

Published 09 Dec, 2020 12:21pm

Markets

Japan's new govt bond issuance to exceed $960bn as COVID-19 hits tax revenues: Nikkei

Tax revenues during the year that ends in March 2021 will likely fall 8 trillion yen short of initial estimates to around 55 trillion yen, the paper said without citing sources.

Published 09 Dec, 2020 11:57am

Business & Finance

Japan's Q3 GDP revised up to annualised 22.9% growth

The revised figure for gross domestic product (GDP) compared with economists' median forecast for 21.5% growth in a Reuters poll.

Published 08 Dec, 2020 10:12am

World

Japan's PM announces $708bn in fresh stimulus

Investment in digital and green initiatives is an area Suga has laid out as his key priorities.

Published 08 Dec, 2020 09:21am