Japan Financial News
28.08 / 03:19
Japan postpones Moon landing; here’s why SLIM mission's rocket launch has to wait
NASA, and other organizations. This dual launch underscores Japan's commitment to advancing space research and exploration.
28.08 / 02:53
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Biden's commerce secretary is the latest Cabinet member to visit China in a bid for improved ties
Commerce Secretary Gina Raimondo is the latest member of President Joe Biden’s Cabinet to visit China as his administration tries to mend the deteriorating ties between the world’s two largest economies
28.08 / 02:53
28.08 / 02:53
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Fukushima residents are cautious after the wrecked nuclear plant began releasing treated wastewater
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
28.08 / 02:51
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Asian shares edge higher, data-packed week ahead
Beijing on Sunday announced it would halve the stamp duty on stock trading in the latest attempt to boost the struggling market and revive investor confidence. The help was needed given profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month. Chinese blue chips shed 2% last week to hit its lows for the year so far, and all eyes will be on the official PMI for August out on Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.2%, having eked out minor gains last week to break a three-week losing streak. Japan's Nikkei rose 0.9%, underpinned in part by the persistent weakness of the yen. S&P 500 futures edged up 0.1% and Nasdaq futures 0.2%, extending last week's modest rise. The market did manage to weather a slightly hawkish outlook from Federal Reserve Jerome Powell, who reiterated they might have to raise rates again but promised to move «carefully». «We take this to mean that the FOMC does not intend to hike at the September meeting,» wrote analysts at Goldman Sachs. «We continue to expect that the FOMC will ultimately decide that further policy tightening is unnecessary, making the hike at the July FOMC meeting the last of the cycle.» Futures imply around an 80% chance of a steady outcome at the Sept. 20 meeting, and a 54% probability of a hike by year end. DOWNSIDE RISK ON JOBS Much will depend on the flow of U.S.
28.08 / 02:39
28.08 / 01:55
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Weekend
5 things that changed for market over the weekend: Gift Nifty, US Fed, China stimulus, to global cues for Sensex today
Indian stock market is likely to open higher on Monday led by positive global cues amid gains in Asian and US peers. This week, investors will eye a host of stock market triggers including the much-awaited annual general meeting (AGM) of oil-to-telecom conglomerate Reliance Industries, macroeconomic data, global cues, and more. In the week gone by, Indian stock market consolidated in a range and settled lower for the fifth successive week, the longest streak since April 2022, amid weak global cues.
28.08 / 01:53
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Japan suspends launch of rocket carrying moon lander because of winds
Japan's space agency suspended a planned launch on Monday of an H-IIA rocket that was to carry a moon lander into space, according to operator Mitsubishi Heavy Industries (MHI). The launch was cancelled because of unsuitable wind conditions in the upper atmosphere, MHI's launch services unit said in a post on social media site X, formerly known as Twitter, 24 minutes before the planned launch time. The H-IIA No. 47 rocket was to be launched from Japan Aerospace Exploration Agency (JAXA)'s Tanegashima Space Center in southern Japan at 9:26 a.m.
28.08 / 01:25
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Fukushima Water Row: Japan receives over 1,000 abusive calls from Chinese citizens
BBC. Authorities informed that the abusive calls had begun since the release of Fukushima water into the Pacific and the callers usually speak in Chinese, English, and Japanese language. The callers strongly oppose Japan's move to release treated radioactive nuclear water.
28.08 / 01:03
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China’s worsening economic slowdown is rippling across the globe
China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc.
28.08 / 00:37
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SoftBank India scores over $5.5 billion exits since 2018
MUMBAI : Late-stage technology investor SoftBank Investment Advisers has made more than $5.5 billion in exits from its Indian portfolio since it began operations in November 2018 in Mumbai, said Sumer Juneja, the firm’s managing partner. Of the total, about $1.5 billion was booked in the last 12-18 months, said Juneja, also the firm’s head for Europe, Middle East and Africa. Another $1.5 billion is liquid and in tradable equities, he said in an interview.
28.08 / 00:19
27.08 / 18:35
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Industrial policies have returned. What’s new?
₹1.97 trillion production-linked incentive (PLI) scheme. On the face of it, the PLI scheme has nothing to do with tweaking tariffs. It is focused on incentivizing companies to increase domestic production across 14 sectors, rather than manufacture products outside India.
27.08 / 18:35
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Indian tourists to Australia past pre-covid level
Indian students are now studying in Australia. “There are no direct flights from Mumbai.
27.08 / 16:53
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PM warns of new colonialism
NEW DELHI : A new model of colonialism may arise if countries with large reserves of critical and rare earth minerals do not consider these resources as a global responsibility, Prime minister Narendra Modi on Sunday said, sounding what he called a “serious warning". Addressing the B20 Summit of business representatives from G20 countries, Modi said while critical and rare earth minerals are the need of the entire world, they are unevenly distributed globally—some countries have large quantities of these minerals while others do not have them at all.
27.08 / 15:59
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PM Modi lauds India's 4X400 m relay team for reaching finals in World Athletics Championships
Muhammed Anas, Amoj Jacob, Muhammed Ajmal and Rajesh Ramesh for qualifying for the final of the men's 4X400 m relay team event at the ongoing World Athletics Championships and setting a new Asian record in the process. Indian men's 4x400m relay team qualified for the final with a new Asian record at the ongoing World Athletics Championships 2023 in Budapest, Hungary. «Incredible teamwork at the World Athletics Championships! Anas, Amoj, Rajesh Ramesh and Muhammed Ajmal sprinted into the finals, setting a new Asian Record in the M 4X400m Relay. This will be remembered as a triumphant comeback, truly historical for Indian athletics,» tweeted PM Modi. The Indian team comprising Muhammed Anas, Amoj Jacob, Muhammed Ajmal and Rajesh Ramesh clocked 2:59:05 to finish second overall in the heats at Budapest. The Indian men's 4x400m relay team clocked a new Asian record and progressed to the final on Saturday. They broke the Asian record of 2:59.51, set by Japan at the world championships in Oregon last year. The Indian team finished behind the USA in a nine-team heat 1.
27.08 / 15:59
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At Japanese nuclear plant, controversial treated water release just the beginning of decommissioning
Fukushima Daiichi nuclear plant's central control room in northeastern Japan, the treated water transfer switch is on. A graph on a computer monitor nearby shows a steady decrease of water levels as treated radioactive wastewater is diluted and released into the Pacific Ocean. In the coastal area of the plant, two seawater pumps are in action, gushing torrents of seawater through sky blue pipes into the big header where the treated water, which comes down through a much thinner black pipe from the hilltop tanks, gets diluted by hundreds of times before the release. The sound of the treated and diluted radioactive water flowing into an underground secondary pool was heard from beneath the ground during Sunday's first plant tour for media, including The Associated Press, since the controversial release began. «The best way to eliminate the contaminated water is to remove the melted fuel debris,» said Tokyo Electric Power Company Holdings spokesperson Kenichi Takahara, who escorted Sunday's media tour for the foreign press. But Takahara said the scarcity of information from inside the reactors makes planning and development of the necessary robotic technology and a facility for the melted fuel removal extremely difficult. «Removal of the melted fuel debris is not like we can just take it out and be finished,» he said. The projected decades-long release of treated water has been strongly opposed by fishing groups and criticized by neighboring countries.
27.08 / 12:33
Reuters
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China's 'aggressive behaviour' in South China Sea must be challenged - U.S. Navy official
MANILA (Reuters) — China's «aggressive behaviour» in the South China Sea, including the use of water canon by its coast guard against a Philippine vessel, must be challenged and checked, the commander of the U.S. Navy's Seventh Fleet said on Sunday.
27.08 / 09:23
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PM Modi warns of new colonialism model over control of critical minerals
renewable energy, energy storage, telecommunications, defence and healthcare. In June this year, India became a member of the coveted critical minerals club - the Mineral Security Partnership. The announcement was part of a joint statement by prime minister Modi and president Joe Biden during the former's recent US visit.
27.08 / 05:51
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Why Japan is releasing Fukushima water into Pacific? Explained
Fukushima nuclear power plant, according to a report published by the news agency Reuters. Japan began dumping the water from the plant north of Tokyo into the sea on Thursday despite objections both at home and abroad from fishing communities and others worried about the environmental impact.
27.08 / 05:37
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G20 Summit: ITC Maurya, Taj Palace and other hotels selected for top world leaders
G20 summit, close to 3,500 rooms across big and small hotels in Delhi and Gurgaon have been booked, reported TOI. To cater to the needs of the leaders, over 10,000 hospitality professionals have been instructed to be present across 30 prominent hotels across central and south Delhi, Aerocity and Gurgaon. Delhi Police, Ministry of External Affairs and other embassies have already started security drills almost two months ago, according to TOI quoting a Hyatt Regency Hotel spokesperson. Hotel Arrangements for World Leaders Several luxury hotels across Delhi and other nearby locations have been selected to host the leaders. US President Joe Biden is expected to stay at ITC Maurya while Chinese President Xi Jinping is set to be hosted by Taj Palace. Other hotels such as Shangri La's Eros expected to have UK PM Rishi Sunak and German delegation, The Imperial may host the Australian PM and Indonesian delegation, Taj Mahal to have UAE delegation; Leela Palace expects Saudi Arabia delegation, The Lalit to have Canadian and Japanese delegations, The Claridges expects French president Emmanuel Macron and The Oberoi will host Russian delegation. During the stay, several preparations are in place to give the world leaders a taste of the Indian culture. «Indian musicians, especially the ones good at playing dhol, tabla, sitar, sarod and shehnai, are being signed up for welcoming the guests and also for playing soft music through the day in lobby,» explained a hotel manager. Another hotel's representative explained that from 'organising a traditional Indian welcome with a popular local music or dance performance and signature Indian welcome drinks to stocking the rooms with specially curated amenities, such as Indian coffee, teas,
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