Japan Financial News

Japan may be at an inflection point in its 25-year battle with deflation as price and wage rises show signs of broadening, the government said on Tuesday, signalling its conviction the economy was nearing an end to prolonged stagnation. The optimistic view echoes that of the Bank of Japan (BOJ), which has said corporate price- and wage-setting behaviour was changing, and could pave the way for phasing out the country's massive fiscal and monetary support. «Japan has seen price and wage rises broaden since the spring of 2022.

TOKYO (Reuters) -Toyota Motor Corp has suspended operations at a dozen factories in Japan due to a system failure, public broadcaster NHK reported on Tuesday.

By Leika Kihara

Glance, a smart lock screen platform from InMobi, is launching in Japan. It will partner with leading telecom carriers and Android smartphone brands in the country, Piyush Shah, president of Glance, told ET. Singapore-headquartered Glance has already expanded in Indonesia and is now eyeing the US market.

TOKYO (Reuters) — Japan's jobless rate rose to 2.7% in July from the previous month, government data showed on Tuesday.

By Jamie McGeever

Benchmark U.S. crude oil for October delivery rose 27 cents to $80.10 a barrel Monday

Fish auction prices at a port south of the Fukushima Daiichi nuclear power plant are mixed amid uncertainty about how consumers may respond a day after treated and diluted radioactive wastewater began to be released into the sea

NEW DELHI : Schools, hotels, restaurants and even companies in Japan have been recipients of some rather galling calls lately. Callers from China swearing at people across the sea have clogged Japanese phone lines.

Beijing on Monday over what he said were instances of stones being thrown at diplomatic missions and schools in China, following the release of wastewater from the Fukushima nuclear plant. Last week, China banned all seafood imports from its neighbour after Japan began releasing cooling water from the stricken Fukushima plant in an operation that Tokyo and the UN's nuclear watchdog have said is safe. Since then, Japanese businesses ranging from bakeries to aquariums have received reportedly thousands of sometimes abusive crank calls from Chinese numbers. «There have been numerous harassment calls believed to originate from China and instances of stones being thrown into the Japanese embassy and Japanese schools.

Japan's space agency suspended a planned launch on Monday of rocket carrying what would be the country's first spacecraft to land on the moon, with operator Mitsubishi Heavy Industries (MHI) citing high winds. Although the H-IIA rocket, the Japanese flagship launch vehicle, has a 98% launch success rate, unsuitable wind conditions in the upper atmosphere forced a suspension 27 minutes before the planned liftoff. «High-altitude winds hit our constraint for a launch… which had been set to ensure no impact from debris falling outside of pre-warned areas,» said MHI H-IIA launch unit chief Tatsuru Tokunaga. Strong winds of nearly 108 kph (67 mph) were observed at an altitude of 5,000-15,000 metres (16400-49200 ft), Japan Aerospace Exploration Agency (JAXA) safety manager Michio Kawakami said. Multiple typhoons around Japan could have affected the wind conditions, he added. The new launch date has not been decided, but will be no sooner than Thursday because of necessary processes such as re-fuelling, Tokunaga said. MHI and JAXA have said a launch could take place as late as Sept. 15.

FIBA Basketball World Cup, the USA have registered two initial wins, cruised past Greece, and have clinched the group round. Canada defeated France, who were eliminated on Sunday after yet another defeat at the hands of Latvia. Steve Kerr has coached Team USA and led by Anthony Edwards, Jalen Brunson, Jaren Jackson Jr. and Mikal Bridges led them. The US finished seventh in 2019 and they hope for a better result this year.

Chandrayaan 3 near the south pole, a bizarre video has surfaced in which a purported student of a madrassa in Pakistan asserts that the moon and sun revolve around the earth. In the video, which has now gone viral on social networks, a reporter asks the'student' if science and English are taught in the madrassas. She then asks the student if the earth is round or flat, and the teenager says neither.

Tiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform Zomato by selling its entire stake via bulk deals on Monday. Under the transaction, the US hedge fund has offloaded 12.3 crore shares or 1.47% stake in the company on BSE at Rs 91.01 apiece, earning about Rs 1,123 crore. Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction. Meanwhile, another Russia-based fund Apoletto Asia has sold 3.19 crore shares in a separate deal on NSE, according to exchange data. Earlier, it was reported that Japanese tech giant SoftBank was likely to offload Zomato shares as the lock-in for the post-Blinkit deal ended on Friday. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year.

TOKYO (Reuters) -A labour union of Seven & i Holdings department store unit Sogo & Seibu threatened on Monday to go on strike at a flagship store depending on the outcome of talks with management over the subsidiary's sale, the Nikkei business daily reported.

free trade in the belief that it would liberalize China. But Biden maintained much of his predecessor’s tough policies toward Beijing. Tariffs remained in place.

₹200 per kg since June, while those for onions, another staple in Indian cooking, have risen 80% in some areas like New Delhi. Food inflation for July hit a staggering 11.5%, far more than 4.6% in June and marking a three-year high. As purse strings tighten, the pain felt by India's clothing and shoe retail sector - worth an estimated $62 billion in 2022 according to Euromonitor International.

Team Global Express has appointed UBS in a broad-ranging advisory role – include defence strategies and canvassing preliminary inbound interest – two weeks after Street Talk first reported it was asking investment banks to pitch for the job after catching the attention of cashed-up overseas buyers.

SoftBank Group Corp. will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology. The investor is helping portfolio companies adopt AI and has been setting up meetings for the founders it backs with the leading players in the field, said Sumer Juneja, managing partner overseeing Europe, Middle East, Africa and India investments at SoftBank’s Vision Fund, in an interview in Mumbai.

Zomato share price rallied over 5% in early morning trade on Monday amid reports of a block deal in the shares. Zomato shares jumped as much as 5.56% to a high of ₹96.00 apiece on the BSE. As per CNBC-TV18 report, around 3.2 crore Zomato shares worth ₹288 crore changed hands in the block deal window at ₹90.10 per share.

Investing.com-- Most Asian currencies moved little on Monday as markets weighed hawkish yet somewhat reiterative comments on monetary policy from the Federal Reserve, while the dollar retained recent gains and came close to a three-month high.