Japan Financial News

Project Samudrayaan. As per a TOI report, this ambitious project aims to plunge three individuals 6,000 meters beneath the ocean's surface in a homegrown submersible, all in the pursuit of precious metals and minerals, notably cobalt, nickel, and manganese. Dubbed «Matsya 6000,» this submersible has been in development for nearly two years and is now primed for its inaugural sea trials, slated to unfold in early 2024 off the Chennai coast in the Bay of Bengal.

Japan's Financial Services Agency (FSA) released its financial administrative policy for the fiscal year 2023 on August 29, outlining key areas of focus. The policy aims to ensure that Japan's economic activities and public life remain stable amidst changing socio-economic conditions and are geared towards future growth. 

Russia-Ukraine crisis, India worked very closely with Brazil, South Africa and Indonesia. I want to say that it was the emerging markets which played a very key role. There was very tough, very ruthless negotiations for several days non-stop," said India’s G20 Sherpa Amitabh Kant during a press briefing.

The Nikkei fell 0.43% to close at 32,467.76 after rising as much as 0.4% earlier in the session. The index initially tracked Wall Street's gains at the end of last week. In an article in the Yomiuri newspaper published over the weekend, BOJ Governor Kazuo Ueda said the central bank could end its negative interest rate policy when achievement of its 2% inflation target was in sight, signalling possible rate hikes. «The impact was directly reflected in today's market, with financial stocks leading the gains, while real estate stocks were beaten down,» said Takehiko Masuzawa, trading head at Phillip Securities Japan. «But the market was not in a broad sell-off.

As India handed over the G20 Presidency to Brazil, the member nations have committed to harnessing artificial intelligence (AI) technology in a responsible manner in addition to planning for a future involving crypto assets and central bank digital currencies (CBDC).

On Comex, Gold futures were trading at $1,946.60 per troy ounce on Monday, up by $3.90 or 0.20% while Silver futures were at $23.300, higher by $0.126 or 0.540%. The October Gold futures had ended with losses of Rs 91 or 0.15% per 10 gram at Rs 58,907 on Friday while the December Silver futures closed lower at Rs 71,538, down by Rs 232 per kg or 0.32%. «The gold price will continue to trade in a broader range of $1,905 to $1,935. From a technical perspective, Comex gold has strong support at $1,915.

Fumio Kishida on Sunday stated that the New Declaration from the G20 Summit was significant as all G20 members including Russia have agreed on such terms as «all states must refrain from the threat or use of force to seek territorial acquisition.» Addressing a press meet at the end of G2O Summit, Kishida said it was «significant» that all G20 members including Russia have agreed on such terms as «all states must refrain from the threat or use of force to seek territorial acquisition.» However, he did not get into the specifics of the language of New Declaration whose formulation on Ukraine had a marked difference from the Bali formulation as it did not mention Russia by name. On the safety of Japan's release of treated radioactive water from the Fukushima nuclear power plant Kishida said, «Many countries already viewed the process of discharge as safe and transparent. I feel now that such understanding has spread further.” Meanwhile, PM Narendra Modi and Brazil President Luiz Inácio Lula da Silva held a substantive dialogue here on Sunday and underscored the need for open, unimpeded and reliable food supply chains and called upon the international community to ensure that agricultural trade is not affected by unilateral restrictions and protectionist measures, duly taking into consideration the Multilateral trade rules. The two leaders expressed satisfaction over the formation of Joint Technical Committees to facilitate trade in agriculture and animal husbandry products, officials said. Modi and Lula agreed that economic exchanges between Brazil and India have the potential for further growth, taking advantage of the scale of their respective economies and the potential for forging industrial partnerships.

The chief executive of Mexican fast-food chain Guzman y Gomez, Steven Marks, says he is “not going anywhere” and will keep his grip on the ASX-hopeful as it eyes an initial public offering as soon as next year.

Japan’s Casio has become the latest megabrand to take the NFT plunge with the release of “Virtual” G-Shock tokens based on its popular watches.

G20 Summit drew to a close. The two day event involving the world's biggest economies was hosted in New Delhi amid an increasingly convoluted geopolitical landscape. Indeed the successful adoption of the G20 Leaders' Declaration has been dubbed a ‘coup’ for host PM Modi.

By Jamie McGeever

Fumio Kishida said he plans to reshuffle his cabinet as early as Wednesday, and will compile a package of «drastic» economic measures soon after to boost the country's fragile recovery. «I'm thinking of conducting a personnel change of party leadership and of the cabinet as early as the 13th,» Kishida told a press conference in New Delhi on Sunday, on the sidelines of a G20 summit meeting. «On economic measures, I want them to protect the people's lives from price hikes and to reinforce the trend of wage increases and investment expansion.

Japanese PM Fumio Kishida on Sunday said the New Delhi Declaration was significant as all members, including Russia, agreed that «states must refrain from the threat or use of force to seek territorial acquisition». However, he did not get into the specifics of the language of declaration. On the safety of Japan's release of treated radioactive water from the Fukushima nuclear power plant, he said, «Many countries already viewed the process of discharge as safe and transparent.

Joe Biden insisted Sunday he does not want to «contain» China, as the two powers face deepening divisions on trade, security and rights. Biden said he had met Chinese Premier Li Qiang at the G20 summit in New Delhi — a meeting the White House had not announced — and discussed «stability». The president revealed the encounter in Hanoi, where earlier in the day he agreed a deal to deepen ties with Vietnam as Washington looks to bolster its network of allies around Asia and the Pacific in the face of Beijing's rising influence. Washington and Beijing are at loggerheads on a range of global issues, and Biden accused China of seeking to bend the international order to its will. «One of the things that is going on now is China is beginning to change some of the rules of the game, in terms of trade and other issues,» Biden told a news conference. Washington has invested heavily in building alliances as part of its Indo-Pacific strategy, including the Quad security dialogue with India, Australia and Japan, and the AUKUS pact with Britain and Australia. But he insisted the United States is not seeking to box China in, but rather to establish clear ground rules for relations. «I don't want to contain China.

Narendra Modi's initiatives to combat climate change, with Japanese Prime Minister Fumio Kishida praising him for the concept of "Mission LiFE", sources said. During the G20 meetings and sessions, several leaders lauded Modi's efforts to tackle climate change and extended support to his initiatives. «India's vision of 'One Earth, One Family, One Future' is a beacon, which infuses hope for humanity — with inclusivity, equity and prosperity for humanity that touches all of us.

G20 leaders are paying their respects at a memorial site dedicated to Indian independence leader Mahatma Gandhi on the final day of this year's summit

China weakened last month, underscoring the precarious nature of the nation’s recovery. Separate data showed the euro-area economy barely expanded in the second quarter, which may feed policymakers’ worries about stagflation taking hold. Meantime, South Africa’s economy grew by more than expected in the period, driven by finance and manufacturing. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:

Prime Minister Narendra Modi on Saturday held meetings with his counterparts from the UK and Japan on the sidelines of the ongoing G-20 summit here, with trade and investment being the key focus of talks. However, the much-awaited trade and investment pact with the UK looked to face further delays, going by the statements of Modi and British prime minister Rishi Sunak after their bilateral meeting.

G20 Leaders' Summit hosted in the national capital, according to a report published by the news agency ANI. The Heads of State of countries including UAE, Bangladesh, Egypt, China, Australia, UK, Argentina, Indonesia, France, Germany, Netherlands, Turkey, Japan, Italy, Spain, South Africa, Republic of Korea, Canada and Singapore will depart from Delhi on Monday. The Central government has assigned responsibilities to Union Ministers of State to see off the foreign delegates after the summit.

Tales of Arise anime adaptation. They are eager to uncover the fate of a potential Tales of Arise anime adaptation. Tales of Arise, the critically acclaimed JRPG, has captured the hearts of gamers worldwide with its compelling narrative and stunning visuals.