City Tokyo Financial News

India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would provide benefits like potential shifting of production centres in critical sectors and mitigating risks of economic disruptions from supply chain shocks. The agreement was signed in San Francisco, where Commerce and Industry Minister Piyush Goyal is attending the ministerial meeting of the Indo-Pacific Economic Framework For Prosperity (IPEF).

IHH Healthcare has sued Daiichi Sankyo for 20 billion yen for alleged interference in stake buy in Fortis Healthcare. Northern TK Venture Pte Ltd (NTK), a unit of IHH, has filed a claim in Tokyo District Court, seeking damages in excess of 20 billion Japanese yen from Daiichi Sankyo.

By Yukiko Toyoda, Kiyoshi Takenaka and Laurie Chen

By Sam Nussey and Kaori Kaneko

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.49% higher, while Tokyo's Nikkei gained 0.36%. Australia's S&P/ASX 200 index was up 0.61%. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday.

By Tetsushi Kajimoto and Kaori Kaneko

Tom Segura has unveiled the initial stage of his upcoming worldwide stand-up comedy tour, titled «Tom Segura: Come Together.» As disclosed by the comedian, the tour is set to commence on December 30, 2023, in Honolulu, Hawaii, and will culminate on June 15, 2024, in Bangor. Segura during an interview said that this tour is bigger and blacker than any other tours he did. Adding more, the comedian said that the name has been taken, but 'Come Together' effectively conveys the message. The comedian also said that let's unite for an unforgettable night. Segura further said that in one way or another, we're bound to create lasting memories with this event. Currently, the comedian and podcaster is completing the last leg of his recent global tour, "I'm Coming Everywhere."

sports bodies want urgent talks with the IOC about the risk of cuts in their revenue shares and medal events at the 2028 Los Angeles Games because cricket and other newcomers were added to the program. The International Olympic Committee last month approved cricket, baseball/softball, flag football, lacrosse and squash for 2028 and kept boxing, modern pentathlon and weightlifting — three sports whose status had been in doubt. The umbrella group of current Summer Games sports, known by the acronym ASOIF, said Monday the decision to increase to a record 36 sports «has raised several questions» among its members, who collectively shared $540 million of IOC-allocated money at each of the past two Olympics. Most Olympic sports got between $13 million and $17.3 million from the pandemic-delayed Tokyo Games in 2021. For some, that was about half their total income over four years. Adding four team sports in 2028 also is set to break the IOC's preferred limit of 10,500 athletes at a Summer Games and likely will put pressure on the core Olympic sports to cut their quotas of athletes or even medal events.

By Kevin Buckland

Analysts expect the current bullish momentum to continue in the near future, albeit with some hiccups on the way. «We believe India would continue to shine and expect markets to maintain its outperformance in Samvat 2080. Over the next couple of quarters, sector rotation would be an important driver along with the overall market uptrend,» said Motilal Oswal, MD and CEO, Motilal Oswal Financial. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 18.5 points, or 0.09 per cent, at 19,559, signaling that Dalal Street was headed for positive start on Monday.

inflation data from the United States that is expected to offer further clues this week on whether the Federal Reserve has more work to do to tame price pressures. The Japanese yen remained vulnerable, hovering not far from a one-year low against the greenback as markets remained on watch for possible intervention by Tokyo. The focus for most traders will be firmly on U.S. consumer price index (CPI) numbers due on Tuesday after the Fed's policy meeting this month tempered its hawkish stance although Fed Chair Jerome Powell last week hinted that the battle against inflation may not be over yet.

In recent years, koi have become hugely popular in Asia, with exports doubling over the past decade

China continues to battle its property demons while it is Italy's turn to be in the eye of the ratings agencies. Here is your week-ahead primer from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Danilo Masoni in Milan and Alun John and Dhara Ranasinghe in London. 1/ INFLATION WATCH A slew of Federal Reserve policymakers including boss Jerome Powell say they are still not sure that rates are high enough to finish the battle with inflation. Traders, anticipating roughly three quarter-point Fed rate cuts next year, will now turn their attention to Tuesday's inflation data to confirm their view on the outlook. The October consumer price index is expected to have climbed 0.1% on a monthly basis, according to a Reuters poll. September's CPI rose 0.4% on a surprise surge in rental costs, but also showed a moderation in underlying inflation pressures. A sharper cooling could fan the peak rate talk, fuelled by October's employment report, which pointed to an easing in labor markets. A federal government shutdown meanwhile looms if lawmakers in Washington are unable to pass a measure to at least temporarily fund operations before a Nov.

Canada, Melanie Joly, has said that she is in close contact with her Indian counterpart, S Jaishankar, adding that it is a difficult moment in relationship between the two nations that has spanned decades. Melanie Joly held a virtual news conference on Thursday to discuss her participation in the recent G7 foreign ministers' meeting, which took place in Tokyo. During the conference, Joly discussed Canada's diplomatic standoff with India, especially at a time when relations between the two countries remain strained. She said, «When it comes to India, I have mentioned it many times...I am in close contact with my counterpart, S Jaishankar, and we know this is a difficult moment in a relationship that spanned decades, so therefore I am confident that we will be able to get through this difficult period, as we know that we have many interests also that we can work together in common.» Highlighting the issue of 41 Canadian diplomats withdrawn from India, she stated that Canadian diplomats had to leave India because their immunities were taken back. «Of course we talk about our relationship within the Indo-Pacific with all our friends and like-minded...and of course...we are preoccupied by Induia's decision to get rid of the diplomatic immunities of 41 of our Canadian diplomats which put their safety at risk,» she said. «And, we are happy to see that there is clear language in the declaration (G7 declaration) reaffirming the importance of the Vienna Convention and the diplomatic immunities that are part of this,» she added. On being asked by the reporters if the dispute is settled now, the Canadian Foreign Minister added by saying, «Well, first and foremost, I have said it many times that Canadian diplomats had to leave

By Takaya Yamaguchi

markets remained range-bound for the third day in a row and ended marginally lower on Thursday. «Overall we expect the ongoing recovery to continue and any dips can be used as buying opportunity,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 41.5 points, or 0.21 per cent, at 19,380.5, signaling that Dalal Street was headed for negative start on Friday.

Sony has reported that its profit in the July-September quarter slipped 29% from a year earlier, as damage from a strike in the movie sector offset boosts from a favorable exchange rate

Honda has reported that its profit jumped 34% in the July-September quarter from a year earlier as a cheap yen helped boost the Japanese automaker’s overseas strong earnings thanks to healthy demand, especially in the U.S. Honda’s profit rose to 254 bi...

Japanese technology company SoftBank Group has reported it racked up a huge loss in the July-September quarter, as some of its investments soured

Nissan has reported that its profit zoomed more than 10-fold in the last quarter from a year before, boosted by a weak Japanese yen and strong vehicle sales around the world

Iran on Thursday rejected a G7 statement which called on Tehran to stop supporting Hamas militants and taking actions that «destabilise» the Middle East. Tehran's comment came a day after foreign ministers from the G7 group of advanced economies, meeting in Tokyo, expressed support for «humanitarian pauses and corridors» in the Israeli-Hamas war. Israeli air strikes have pounded the Palestinian territory of Gaza since Hamas gunmen stormed across the heavily militarised border on October 7 to kill more than 1,400 people, most of them civilians, and seize around 240 hostages, according to Israeli officials. The subsequent Israeli bombing campaign in Gaza has killed more than 10,500 people, two-thirds of them women and children, according to the Hamas-run health ministry. The G7 also called on Iran to «refrain from providing support for Hamas and taking further actions that destabilise the Middle East, including support for Lebanese Hezbollah and other non-state actors.» On Thursday, Iran's foreign ministry spokesman Nasser Kanani «strongly condemned» the statement by the group which includes the United States, Britain, Germany, Canada, Italy, France, and Japan. He said Iran has engaged in «non-stop efforts to stop military attacks of the Zionist aggressor regime (Israel) on the defenceless citizens» in Gaza.