Japan Financial News

Sumitomo Mitsui Banking Corporation (SMBC), Japan's second largest bank by assets, has closed a $120 million aircraft financing loan to Air India to help it purchase of an A350-900 aircraft delivered by Airbus. SMBC was the sole bank in the transaction and the transaction was orchestrated with the assistance of Air India’s wholly owned subsidiary in Gujarat International Finance Tec-City (GIFT City), AI Fleet Services Ltd, the bank said. SMBC Singapore branch was involved in the transaction. The aircraft purchase was part of Air India’s order of 470 aircrafts placed earlier this year. «Through an innovative GIFT City structure, we have successfully completed this aircraft secured debt facility amid a fast-growing Indian market, marking the bank’s first aircraft finance lease transaction of its kind,» said Hiroyuki Mesaki, country head, SMBC India. Nipun Aggarwal, chief commercial officer at Air India said the A350-900 aircraft is among the first deliveries of the Tata Group's large aircraft order.

Daihatsu-developed models currently in production, both in Japan and overseas," said the auto company in a statement following a report by an independent panel. Reportedly, established earlier this year to examine a safety scandal initially revealed in April, the committee has identified additional irregularities. The investigation discovered new issues in 174 aspects across 25 test categories, supplementing the previously uncovered misconduct in April and May related to door components and side-collision tests, as stated by Toyota.

SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India's purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement.

TOKYO (Reuters) — Toyota Motor (NYSE:TM) unit Daihatsu will widen a production halt as a scandal over the rigging of safety tests affects more models beyond the six ones identified so far, the Nikkei newspaper said on Wednesday.

Day trading guide for today: The Nifty 50 and Sensex, leading benchmark indices, reached new all-time highs of 21,505.05 and 71,623.71, respectively, during intraday trading on Tuesday, December 19. The Nifty 50 concluded with a 34-point gain, equivalent to a 0.16% increase, closing at 21,453.10. Simultaneously, the Sensex wrapped up at 71,437.19, marking a 122-point upswing, translating to a 0.17% rise.

By Stella Qiu

global market cues. The Asian markets traded higher while the US stocks ended with gains overnight amid upbeat sentiment over easing monetary policy by the central bank going ahead. Catch Live Market Updates here However, a spike in crude oil prices on concerns over disruption in the Red Sea would weigh on investor sentiment.

TOKYO (Reuters) -Japan's exports in November fell for the first time in three months dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies may deal another blow to the trade-reliant economy as domestic demand slows.

delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future. The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners (JIP) which also includes financial services firm Orix, utility Chubu Electric Power, and chipmaker Rohm. The $14 billion takeover puts Toshiba in domestic hands after protracted battles with overseas activist investors that paralysed the maker of batteries, chips, and nuclear and defence equipment.

By Brigid Riley

FIFA Club World Cup 2023 final in Saudi Arabia after defeating Japanese club Urawa Red Diamonds. The reigning Premier League and UEFA Champions League champion will face Brazilian club Fluminese in the summit clash. Ahead of the FIFA Club World Cup 2023 final, there will be a third-place match between Al Ahly and Urawa Red Diamonds. That match will take place on Friday, December 22 at 9.30 am (ET).

Not only is "Godzilla Minus One" poised to surpass Shin Godzilla as Japan's highest-grossing film, but it has also claimed the title of the highest-grossing Japanese movie in US history, securing various box office records. As the film continues to exceed box office expectations, fans are eager to learn about its home release.

Nick Sketch, who will be based at CBAM’s London City and Mayfair offices, brings with him nearly 40 years’ experience in the investment industry.

Inflation fell in twenty-one EU member states, remained stable in three and rose in three.

gold watch is its ability to complement virtually any skin tone. From fair to deep, the warm, radiant hue of rose gold enhances natural beauty. With their dual function as both a watch and a piece of jewellery, rose gold watches make the perfect gift for the woman in your life.

Futures positioning is currently extended and one-sided after a massive rally in stocks since late October. With profit levels accumulating, there is a potential for short-term profit-taking and headwinds, Citi strategists write.

As 2023 draws to a close, investors are shifting their focus to the upcoming fiscal year.

By Elizabeth Howcroft

Sean Taylor (pictured), incoming CIO of Matthews.

The Japanese currency fell on the latest announcement from the BoJ and is still down 9.5% this year against the dollar, though it has bounced back from historic lows over the past month on expectations of policy tightening.

Global NCAP, Bharat NCAP is poised to initiate its first round of vehicle testing from the specified date. Formally launched in August, it serves as India's independent vehicle assessment program. India joins the ranks of the United States, China, South Korea, and Japan as the fifth country globally to have its own domestic car crash test facility.