Japan Financial News

Japan’s health ministry has approved Leqembi, a drug for Alzheimer’s decease that was jointly developed by Japanese and U.S. pharmaceutical companies

Tulika Maan missed out of a chance to win a medal after going down to Mongolia's Amaraikhan Adiyasuren in the bronze-medal play-off of the women's +78kg event at Asian Games here on Tuesday. The 25-year-old from Delhi, a silver medallist at the 2022 Commonwealth Games, lost to Adiyasuren 0-10 by ippon at Xiaoshan Linpu Gymnasium here. Earlier, Tulika knocked out Macao's Qing Lam Lai 10-0 in just 15 seconds with an ippon.

Army chiefs and senior officers from 30 countries including the United States met in India Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China. US Army chief Randy George said the region was «critically important», speaking to reporters alongside his Indian counterpart Manoj Pande, and vowed to boost cooperation to «maintain a free and open Indo-Pacific». Generals from Japan and Australia, which make up the «Quad» defence cooperation forum alongside Washington and New Delhi, also took part, as did Britain and France. As the generals met, China's Foreign Minister Wang Yi said that Beijing would oppose the «wanton expansion of military alliances», the latest in a string of warnings as Washington deepens security ties in the Asia-Pacific. Beijing has long said that any effort to establish a NATO-like military alliance in the Asia-Pacific would provoke conflict. Nations present at the two-day conference in New Delhi included Vietnam and the Philippines, both of which have longstanding pending territorial disputes with China. The conference, which launched in 1999, brings together army chiefs and top officers from 30 countries. India's Pande said the region faced challenges on both land and at sea. «These range from territorial disputes over land masses, or in some cases, even over artificially expanded islands to acquire real estate and establish military bases,» Pande added, in an indirect reference to China. India has also had to balance its traditional alliance with Russia — the provider of most of its arms imports, and now a source of cut-price oil — with growing ties to Washington. «The partnership between India and the US armies is vital for

The greenback is once more proving it’s the only haven that matters.

SBI Remit, part of Asian fintech powerhouse SBI, has been tapping Ripple for its international money transfer service since 2017.In 2021 it began using XRP as a bridge between two fiat currencies to perform cross border remittances from Japan to a digital wallet in the Philippines. From this month, the effort will be expanded to bank accounts in the Philippines, Vietnam, and Indonesia.

By Harry Robertson and Tom Westbrook

Binance has announced plans to launch stablecoins denominated in the dollar, euro, and yen in Japan.

The Dollar Strength Index (DXY) achieved its highest level in nearly 10 months on Sep. 22, indicating growing confidence in the U.S. dollar compared to other fiat currencies like the British pound, euro, Japanese yen, and Swiss franc.

BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe's outcome, the head of trade for the European bloc's executive branch said Tuesday.

RCMP in Coquitlam, B.C., confirm they are investigating reports of racist signs being posted in the community.Police said they received reports on Sunday, Sept. 24, that “suspicious signs” had been seen in both Coquitlam and Port Coquitlam.“The file is under investigation to determine if there is any criminality involved,” police said in a statement.Images shared on social media show the signs, which read, “Join us for Whites-only Moms & Tots.”“Are you looking for somewhere your children can play with others that look like them?” the sign stated.“Are they tired of being a minority in their schools or daycares? Escape forced ‘diversity’ and join other proud parents of European children as we create an atmosphere in which our kids can feel like they belong.”Parker Johnson, a board member for Hogan’s Alley Trust and a member of the African Descent Advisory Committee to the Vancouver Police Department, told Global News that he is concerned about the rising tide of hate that these posters could bring, in particular to racialized and Indigenous people.“So while they may seem benign to some — you know, people are just ‘organizing’ — there’s false equivalency between white nationalist organizing and say other, you know, say a Muslim community or a Japanese Canadian community or what have you — gathering to have a conversation, that sort of thing,” he said.Johnson said, in his mind, whether these posters are real or a prank, it doesn’t really matter.“It’s a warning to communities of colour and it also is a way of trying to foment fear and division amongst communities as well,” he said.“Raise the fear and anxiety of white people, but also increase the fear and anxiety of people who are not white.

Crypto exchange Binance is teaming up with Japan’s largest bank, the Mitsubishi UFJ Trust and Banking Corporation (MUTB), to explore the issuance of stablecoins in Japan.

Investing.com-- Most Asian currencies fell slightly on Tuesday, while the dollar steadied at its highest levels for the year on growing bets that U.S. interest rates will rise further this year.

The ability to regrow your own teeth could be just around the corner.

Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer. Asia-Pacific stock benchmarks sagged along with gold, while crude oil continued to drift back from 10-month highs. The yield on 10-year Treasury notes rose to 4.552%, a level not seen since October 2007. The U.S. dollar index — which measures the currency against six major developed market peers, including the euro and yen — ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov.

Investing.com-- Most Asian stocks retreated on Tuesday as the prospect of higher U.S. rates weighed on the technology sector, while persistent concerns over a Chinese economic slowdown also kept investors wary of regional markets. 

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "EVs powered by renewables are key to us achieving carbon neutrality, which is central to our Ambition 2030 vision. Nissan will make the switch to full electric by 2030 in Europe - we believe it is the right thing to do for our business, our customers and for the planet." Uchida added.

equity indices ended flat as sentiment remained fragile on concerns of higher interest rates and faltering economic growth. “We expect weakness to persist in the market amid cautiousness ahead of the monthly F&O expiry this week and economic data like India’s Infrastructure Output for the month of August US and UK Q2 GDP data and US and China manufacturing PMI data to be released," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 26 Here are key domestic and global market cues for Sensex today" Asian markets were trading mostly lower on Tuesday as concerns about China’s property sector re-surfaced.

This along with persistent selling by FIIs, rising crude prices, and a spike in bond yields dampened investors' sentiments. «We expect weakness to persist in the market amid cautiousness ahead of the monthly F&O expiry this week,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded lower by 59.5 points, or 0.30 per cent, at 19,669, signaling that Dalal Street was headed for negative start on Tuesday.

investors looking for better returns are set to buy more into Indian banks as improved margins and stable asset quality make such stocks attractive for bulge-bracket funds, said a report by S&P Global Market Intelligence. The total market value of foreign institutional investors' holdings in Indian banks has risen to ₹8.3 lakh crore as of June 30, from ₹7.7 lakh crore a year ago, said the report. The country's economic growth prospects and the lenders' solid performance are some factors driving the investor interest. Following this trend, more global investors are likely to participate. In its financial stability report, India's central bank said the asset quality of SCBs continued to improve and their GNPA ratio declined to a decade low of 3.9% in March 2023. «More investments in Indian lenders may come from Australia, Europe, Japan, South Korea and the Middle East», said the report.

TOKYO (Reuters) — Japan's business-to-business service prices rose 2.1% in August from a year earlier, accelerating from a 1.7% year-on-year gain in July, central bank data showed on Tuesday.

By Jamie McGeever