City Tokyo Financial News

Nikkei share average climbed nearly 3% on Friday and notched its best week in more than four years, as strong U.S. retail sales data soothed fears of a recession in the world's largest economy and Japan's top trading partner. The Nikkei closed 3.6% higher at 38,062.67, locking in its second-largest daily gain for the year, while the broader Topix finished up about 3% at 2,678.60.

Here's breaking down the pre-market actions:

Japan’s economy grew at an annual rate of 3.1% last quarter, rebounding from the contraction in the previous quarter

Blue Eye Samurai" season 2 on Netflix is happening after the anime show has been renewed for the second season. «Blue Eye Samurai» won six Annie Awards and three wins in Emmy juried categories, as per a report on WhatsOnNetflix. However, Netflix is yet to make any announcement regarding the release date of «Blue Eye Samurai» season 2. Japanese anime «Blue Eye Samurai» have recently made Netflix's global top 10 most-viewed lists. Japan's entertainment industry must «catch the wave» of global streaming hits like 'Shogun', according to one of the stars of new Amazon television show «Like A Dragon: Yakuza.»

Air India on Thursday announced the cancellation of its scheduled flight from Delhi to Narita, Japan, on Friday, citing severe weather warnings at Tokyo. Passengers with confirmed bookings for flights AI306 and AI307 on the Delhi-Narita-Delhi route on August 16 are eligible for a one-time waiver on rescheduling or can opt for a full refund in case of cancellation. The airline shared this update via a post on X and said that the decision to prioritize passenger safety amid the weather warnings in Tokyo.

In a major setback toVinesh Phogat, the Court of Arbitration for Sport (CAS) ad hoc division on Wednesday dismissed the appeal filed by Indian wrestler against her disqualification from Olympic Games final. Vinesh Phogat had filed an application for a silver medal in the women's 50kg event at the Paris Olympics after she was disqualified before the final match due to exceeding the 50kg weight limit.The CAS released a statement to render its verdict which read, "The application field by Vinesh Phogat on August 7 has been dismissed."In a statement, IOA President PT Usha expressed "shock and disappointment at the decision of the Sole Arbitrator at the CAS to dismiss wrestler Vinesh Phogat's application against the United World Wrestling (UWW) and the International Olympic Committee (IOC)."Last week, during the weigh-in, Vinesh was found to be 100 grams over the limit.

Ashwini Ponnappa on Tuesday said she received little to no individual financial assistance from the sports ministry in the build up to Paris Olympics and even her request for a coach was turned down ahead of the just-concluded Games. The Sports Authority of India (SAI) had come out with a document, detailing the financial support provided to the Paris-bound Indian athletes. It mentions that Ashwini was provided Rs 4,50,000 under TOPS and Rs 1,48,04,080 under Annual calender for Training and Competition (ACTC), which included the procurement of Game Ready recovery equipment, international competitions and sparring partner in the Tokyo cycle. «I'm absolutely shocked… I don't mind not getting money but telling the nation that I got money is ridiculous. I haven't received it. Like if you're talking about national camp, then that 1.5 Crore is spent on all the campers,» Ashwini told PTI.

Olympics and baseball is heading toward another reconciliation in 2028. That leads to the inevitable discussion of what the rosters could look like. Commissioner Rob Manfred said last month he was open to the possibility of major leaguers participating, but recent history suggests some obstacles. Baseball was dropped after the 2008 Games, returned in 2021 in Japan, then was left out this year in Paris.

A Japanese business executive who had been detained in Myanmar for more than a month has been released

TOKYO—Eight decades ago, when Japan’s kamikaze pilots were crashing their planes into American ships and its soldiers were dying from the Aleutian Islands to Guadalcanal, all were given the same promise: Upon death, their souls would be enshrined at Tokyo’s Yasukuni Shrine. The shrine was the symbol of the religious-military state that sought to mobilize the population to fight in the name of a divine emperor.

capital market, the condition is not good this week either. Tokyo stock exchange was the first to crash and the Nikkei Index plummeted by 12.4% on Monday. It was followed by a fall in the cryptocurrency market across the world, which represents the overall bearish sentiment spreading across the world economy, though it may not be directly related to the stock markets. The economic crisis can be understood by the fact that the Dow Jones Industrial Average closed down more than 1,000 points, registering a drop of 2.6%, the tech stock index Nasdaq tanked by 3.4% and the S&P 500 fell 3%.

Olympics reading the US, China, Japan, Australia, France, the Netherlands, Britain, South Korea, Italy and Germany, one is bound to ask: why do some countries fare better than others? Discussions usually attribute wins and losses to individual abilities, training and dedication. These factors are undoubtedly crucial. But there could be other determinants like economic prosperity. In each of the last three Summer and Winter Olympic Games, the top 10 medal-winning countries have been high-income countries based on World Bank's income-level classifications, with the exception of China (upper-middle income) in Tokyo 2020 Olympics, and OAR (Olympic Athletes from Russia — upper-middle income) in PyeongChang 2018 Winter Olympics. However, research has found a range of determinants beyond economic prosperity — team size, growth rate, expenditure on health, population, etc — to have a significant impact. We investigated the association between the total medal count for each country at the Beijing 2022 Olympics and their GDP per capita (PPP). A moderate positive relationship is observed with a correlation coefficient of 0.62.

On July 31st, 2024, Tokyo became the epicenter of crypto innovation as it hosted PlasmaCon, an event that brought together luminaries from the world of blockchain technology. Organized by INTMAX, the one-day conference centered around Plasma tech, exploring its potential as a scaling solution for Ethereum and delving into topics like privacy, statelessness, and the future of blockchain.

Paris 2024 Olympics witnessed a historic showdown between two of the world’s leading javelin throwers, Arshad Nadeem from Pakistan and Neeraj Chopra from India. The intense rivalry between these athletes, both hailing from South Asia, has been closely followed in recent years, and their latest encounter did not disappoint. Arshad Nadeem made history by winning Pakistan's first-ever individual Olympic gold with a record-breaking throw of 92.97 meters. Neeraj Chopra, the defending Olympic champion from Tokyo 2020, put up a strong fight with a season-best throw of 89.45 meters, earning him the silver medal. Nadeem’s final throw in the competition was also an impressive 91 meters, further solidifying his victory. Neeraj Chopra's Rise to Stardom

PARIS – Canada’s record performance at the Olympic Games in Paris did not happen without thorns, but athletes provided unforgettable sporting moments.

Toyota is promising to strengthen oversight of its vehicle certifications so the scandal that surfaced recently over improper tests will never recur

Wrestlers of various age groups are arriving at the Chhatrasal Akhada for nighttime training. They stay in the adjacent sports hostel. Coaches Jaibir Dahiya, Anil Mann, and Pradeep Dahiya are waiting for them.

Canadian beach volleyball players Melissa Humana-Paredes and Brandie Wilkerson will settle for silver at the Paris Games.

Paris 2024 Olympics, India's Reetika Hooda faced off against the top-seeded Aiperi Medet Kyzy of Kyrgyzstan in the women’s 76kg freestyle wrestling event. The match ended in a narrow defeat for Hooda, with the score tied at 1-1. However, Medet Kyzy advanced due to scoring the last equalizing point, as per wrestling rules.

Days at the Morisaki Bookshop, translated by Eric Ozawa. An international bestseller and winner of the Chiyoda Literature Prize (named after the district that is home to Tokyo’s beloved Jimbocho neighbourhood of bookshops), Yagisawa’s book is the story of 25-year-old Takako, who, after having broken up with her boyfriend and quit her publishing job, comes to live with her maternal Uncle Saturo, the owner of the Morisaki bookshop.

men's marathon in Paris on Saturday as Eliud Kipchoge's bid for a third gold went up in smoke. Tola clocked an Olympic record of 2hr 06min 26sec for victory, finishing 21 seconds ahead of Belgium's Bashir Abdi, whose silver marked an upgrade from his bronze garnered at the Covid-hit Tokyo Games three years ago. Kenya's Benson Kipruto, winner of Tokyo, Boston and Chicago marathons in recent years, rounded out the podium, a further 13sec adrift.