City Tokyo Financial News

Japan has approved a $250 billion economic stimulus package centered around initiatives intended to boost incomes

Japan racked up a trade deficit in October for the fourth month in a row, as a weak yen and rising energy prices kept import costs high

SoftBank Vision Fund’s former co-chief executive officer Rajeev Misra, has upped its size by more than $1 billion this month to support its growing operations as it opens offices in countries such as Japan and India, according to people familiar with the matter. The fundraising has increased OneIM’s size to $8 billion, the people said, asking not to be named as the information is not public. The two-year-old fund plans to open an office in New Delhi, adding to its presence in New York, London, Abu Dhabi and Tokyo, they said. OneIM is backed by Abu Dhabi conglomerate Royal Group and Mubadala Investment Co., one of the emirate’s sovereign wealth funds, Bloomberg News reported earlier. The investment vehicle will look for lending and investment opportunities globally, and some of these deals could be in partnership with its existing backers, the people said.

Stocks that rallied over 10% included, Laffans Petro(14.13%), Multibase India(13.44%), Indag Rubber(11.75%), Udayshivakumar Infra(11.72%), Atam Valves(11.52%), PG Electroplast(10.82%), Darshan Orna(10.32%) and Keerthi Ind(10.22%).

Japan’s economy eked out an annual rate of 0.9% growth in the July-September quarter as consumer spending held up

Asian shares are mostly higher after U.S. stocks slipped as the rally following Trump’s election victory cooled further

These high-performing stocks that rallied more than 10% during the session included, Netlink Sol(12.86%), Bemco Hydraulic(12.56%), Mahalaxmi Rub(11.91%), Niyogin Fintech (11.53%), AXISCADES Engg Tech(11.06%), Informed Tech(11.01%), Bang Overseas(10.85%), Natura Hue Chem(10.85%), Sterling Tools(10.55%) and The Anup Engg(10.54%).

Deep in a dark warehouse, the sake sleeps, stored in rows of giant tanks

Japan’s nuclear watchdog has formally disqualified a reactor in the country’s north-central region from starting

SoftBank Group Corp. will be the first Nvidia Corp. customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet growing demand in a country eager to catch up in artificial intelligence. SoftBank’s telecom unit plans to build Japan’s most powerful AI supercomputer to support a wide range of local services, the two companies said Wednesday. That computer will be based on Nvidia’s DGX B200 product, which combines computer processors with so-called AI accelerator chips. A follow-up effort will feature Grace Blackwell, a more advanced version. Nvidia’s chips have become a prized commodity for the world’s biggest tech companies, which use the components to develop and run AI models. The process requires software to be bombarded with data — something accelerator chips are especially adept at handling.

inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. Stock benchmarks in Tokyo and Sydney retreated after the S&P 500 slipped following its biggest five-day advance in a year. The Bloomberg Dollar Spot Index extended its post-election rally, while the yen closed in on the closely watched level of 155.

Japanese technology conglomerate SoftBank Group swung back to profitability in the July-September quarter, boosted by its Vision Fund investments

Asian shares are trading mostly lower, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as president

2028 Los Angeles Games remains on her radar.

Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned

Toyota’s July-September profit has sunk to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales

Honda said its profits slipped nearly 20% in the first half of the fiscal year from the same period the previous year, as sales suffered in China, the Japanese automaker

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale

The Nikkei rose 1.11% to close trade at 38,474.90 points, after opening 0.58% higher.

Japan is planning an automated cargo transport corridor between Tokyo and Osaka to make up for a shortage of truck drivers