Japan Financial News

Animoca Brands Japan, in collaboration with its KLKTN subsidiary, has announced a partnership with Cool Cats Group to venture into the Japanese anime market through web3 integration.

TOKYO—Struggling to compete with homegrown electric-vehicle makers in China, Japanese automakers are looking at whether to cut their losses and focus resources on warding off Chinese rivals in other stronghold markets. During the first half of their fiscal year—the period from April to September—Honda, Nissan, Mazda, Mitsubishi Motors and Subaru reported year-over-year declines in auto sales in China. Toyota’s China sales volumes were little changed from a year earlier but the automaker flagged the market as one of particular concern.

global Internet outage just for a single day? Have you ever thought about it? According to a new report, if the internet goes down globally for even just a single day, it would cost $43 billion, with the US and China making up almost half of the sum together, which is $21 billion. If an internet outage occurs just for a single day, the US alone would face huge losses of around $11 billion. China is estimated to lose nearly $10 billion, according to the VPN service provider AtlasVPN. Meanwhile, the UK would lose around $3 billion, and Japan is expected to lose approximately $2.7 billion.

HSBC analysts believe that global equity markets will see a 15% increase by the end of 2024.

An underwater volcano is erupting so forcefully off the coast of Japan that it’s led to the formation of a new island.

SHANGHAI (Reuters) — Japan's Toyota Motor (NYSE:TM) has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition.

Global Advanced Metals is up for sale after a maverick run offloading three undeveloped West Australian mines that went on to become world-class lithium assets.

A look at the day ahead in European and global markets from Tom Westbrook:

Investing.com-- Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone.

(Reuters) — WeWork, the SoftBank (TYO:9984) Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

Investing.com-- Asian stocks retreated on Tuesday after four straight days of gains as investors awaited more economic cues from China and Australia, while South Korean shares saw a heavy dose of profit taking. 

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank, the Japanese technology group that owns about 60% of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey leases in bankruptcy.

TOKYO (Reuters) — The head of the tax panel for the Japanese political party Komeito, a junior coalition partner with the ruling Liberal Democratic Party (LDP), said on Tuesday a thorough debate is needed on a controversial plan to cut income tax.

«Overall we expect the market to remain positive over the next few days ahead of the Diwali festival over the weekend. Action could be seen in broader market with niche segments in stronger momentum,» 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 muted start GIFT Nifty on the NSE IX traded lower by 16 points, or 0.08 per cent, at 19,464, signaling that Dalal Street was headed for muted start on Tuesday. India VIX: India VIX, which is a measure of the fear in the markets, rose 2.04% to settle at 11.10 levels. US stocks gain U.S. stocks closed slightly higher on Monday as investors awaited guidance from a host of Federal Reserve policymakers later in the week on the central bank's policy path, with a large amount of bond supply also due to hit the market. Asian shares dip Asian stocks edged lower as fresh doubts emerged on whether the Federal Reserve has finished tightening policy, with gains in US shares limited by a rise in bond yields.

TOKYO (Reuters) — Japan's real wages slipped in September for an 18th month, government data showed on Tuesday, with rising prices squeezing consumers' purchasing power, and likely to add to pressure from labour groups for higher wage increases.

Japanese automaker, Toyota Motor Corp. (NYSE:TM) announced that they are recalling 1.9m RAV4 compact SUVs in the US due to a defect that could potentially lead to a fire.

Trading in shares of WeWork has been halted as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection

Investing.com -- Stock futures on Wall Street inch higher to begin the trading week, with investors digesting the implications of recent economic data on future Federal Reserve policy decisions and looking ahead to a fresh batch of corporate earnings. Elsewhere, China's Ant Group wins approval from Beijing to release its AI model to the public, while the cash pile at Warren Buffett's Berkshire Hathaway (NYSE:BRKa) swells to a record high.

By Tetsushi Kajimoto

TOKYO (Reuters) — Japan's services activity expanded at the slowest pace this year in October, a business survey showed on Monday, reinforcing concerns that the key sector propelling economic growth is continuing to soften.

(Reuters) — Japanese trading house Itochu on Monday posted a 14.5% drop in six-month net profit but raised its full-fiscal year profit forecast on stronger non-resource business development expectations and weaker yen.