Japan Financial News

A small drone has flown inside one of the damaged reactors at Japan's Fukushima Daiichi nuclear power plant in hopes it can examine some of the molten fuel debris in areas where earlier robots failed to reach

BARCELONA : India should beef up the quantum of its $10 billion financial incentive scheme to attract semiconductor fabrication majors, said Rahul Patel, Qualcomm Technologies’ group general manager for connectivity, broadband and networking. Patel believes India is competing against developed nations like the US, Europe, Japan, and China, who are offering incentives worth tens of billions of dollars. “India is competing against developed nations.

By Aditya Kalra, Munsif Vengattil and Dawn Chmielewski

Climate change may be causing more competition for food in oceans, leading to a reduction in the weight of fish, according to a study. Researchers at the University of Tokyo in Japan found that fish weight in the western North Pacific Ocean dipped in the 2010s due to warmer water limiting food supplies. They attributed the first period of weight loss to greater numbers of Japanese sardines, which increased competition with other species for food. «With higher temperatures, the ocean's upper layer becomes more stratified, and previous research has shown that larger plankton are replaced with smaller plankton and less nutritious gelatinous species, such as jellyfish,» Professor Shin-ichi Ito from the University of Tokyo said.

China’s dominance in electronics exports in some key markets as manufacturers diversify supply chains away from the world’s factory to other parts of Asia, a new study shows. The impact is most pronounced in the UK and US, where geopolitical tensions with China have increased in recent years. India’s electronics exports to the US as a ratio of China’s increased to 7.65% in November last year from 2.51% in November 2021, according to London-based Fathom Financial Consulting. In the UK, the share rose to 10% from 4.79%.

India’s position remained unchanged at 42 at the International IP Index 2024 compared to 2023, with no change even on the index score which stood at 38.64% since 2022, the US Chamber of Commerce said in a report released on Wednesday. The index ranks 55 countries on their intellectual property (IP) regime. The top countries on the index were the USA (95.48%), UK (94.12%), France (93.12%), Germany (92.46%), Sweden (92.12%), Japan (91.26%), Netherlands (91.24%), Ireland (89.38%), Spain (86.44%) and Switzerland (85.98%).

Tech Mahindra on Wednesday said it has signed a Memorandum of Understanding (MoU) at the Mobile World Congress (MWC) 2024 with Taiwanese electronics manufacturing major Pegatron to develop private 5G solutions for global enterprises. The company said the partnership between the organizations would explore «mutually beneficial opportunities» in the fast-growing private 5G space. It said it will leverage purpose-built private 5G product portfolio marketed under Pegatron's 5G business unit, coupled with Tech Mahindra's work in large-scale 5G transformations, to provide end-to-end 5G for Enterprise (5G4E) solutions for global enterprises and manufacturing customers.

20 vehicles equipped with a safety monitor in the driver's seat. Passengers will have the ability to make reservations for the autonomous ride-share service. Nissan intends to engage in safety-related discussions with the government and proceed with a gradual rollout of the program.

A look at the day ahead in European and global markets from Ankur Banerjee

READ HERE: India's GDP growth to moderate in Q3 & Q4; Capex to remain tepid: ICRA's Aditi Nayar The brokerage further informed that its estimates are corroborated with the in-house developed SBI-ANN (Artificial Neural Network) model, with 30 high-frequency indicators. ANN has been trained for the quarterly GDP data from 2011Q4 to 2020Q4 and the in-sample forecast performance of the model in the training period has been precise.

TOKYO (Reuters) — Japan's Toyota Motor (NYSE:TM) said on Wednesday global vehicle production rose by 7% in January, marking a year-on-year increase for the 13th straight month as the automaker benefited from strong U.S. demand.

TOKYO (Reuters) — Toyota Motor (NYSE:TM) did not respond to the trade union's wage demands in the second round of pay talks held on Wednesday, Kyodo news reported.

Investing.com-- Most Asian stocks kept to a tight range on Wednesday amid persistent caution over higher-for-longer U.S. interest rates, with Japanese indexes pulling back from record highs as a tech-driven rally cooled. 

Federal Reserve's easing cycle, while the New Zealand dollar fell sharply after the central bank softened its hawkish stance on rates. New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, reiterating that previous rate hikes had helped dampen prices, but adding that the risk of further rate hikes had been reduced. The kiwi was last at $0.61235, down 0.75% on the day.

Circle, USDC’s issuer, has struck a partnership deal with Coincheck, one of Japan’s biggest crypto exchanges – with a view to securing the stablecoin’s first listing in the nation.

Sensex gained 305.09 points, or 0.42%, to close at 73,095.22, while the Nifty 50 settled 76.30 points, or 0.34%, higher at 22,198.35. “Domestic equities are consolidating in a range with every dip being bought showing strength at lower levels. Overall, we expect the market to trade in range with positive bias.

Stocks drifted lower on Wall Street, pulling the market slightly below the record highs it reached last week

Benchmark U.S. crude oil for April delivery rose $1.29 to $78.87 per barrel Tuesday

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs

Takeda Pharmaceutical is holding talks with Indian regulators to make its dengue vaccine available in the country, the drugmaker's global head of vaccines, Gary Dubin, told Reuters on Tuesday. «We are in talks with regulators and plan to start a clinical trial very soon,» said Dubin. The Japanese drugmaker plans to scale up the production of its dengue vaccine Qdenga through a partnership with Indian vaccine maker Biological E., the companies said earlier in the day.

NSE is now India's second-largest commodity platform… with an asterisk Gupta observes that numerous Foreign Institutional Investors (FIIs) are presently monitoring valuations diligently, conducting thorough research, and strategically investing during significant market corrections. He highlights that FIIs currently harbor a notably optimistic long-term perspective on India's market trajectory, expressing confidence in its resilience.