Japan Financial News

“We foresee NIFTY EPS to post Growth of 16%/13% in FY24/25. We maintained our Dec '23 Nifty target at 20,200 by valuing it at 20x on Dec '24 earnings,” says Neeraj Chadawar, Head — Quantitative Equity Research, Axis Securities. In an interview with ETMarkets, Chadawar said: “In the bull case, we value NIFTY at 22x, translating into a Dec '23 target of 22,200. Our bull case assumption is based on the overall reduction in volatility and the success of a soft landing in the US market” Edited excerpts: We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 mark. Is this too good to be true and we are running ahead of fundamentals? The Indian market performance has shown resilience in the last couple of months.

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

The BOJ sets policy later in the session. The Nikkei newspaper reported, without citing sources, that policymakers will discuss tweaking the yield control policy to allow 10-year government bond yields above a 0.5% cap in some circumstances. The yield leapt to 0.505% in early trade.

United States. State media said Friday Kim attended Thursday evening’s parade with Russian Defense Minister Sergei Shoigu and Chinese ruling party official Li Hongzhong from a balcony looking over the city’s main square.

Dow since 1987. The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Reuters confirmed the central bank may make minor tweaks to extend the lifespan of its yield control policy.

yen strengthened on Friday as speculation mounts that the Bank of Japan could tweak its yield curve control policy later in the day, while the dollar held on to its overnight gains after better-than-expected U.S. economic data. The BOJ is widely expected to keep ultra-low interest rates later on Friday but investors are eyeing the possibility it makes minor tweaks to extend the lifespan of its yield control policy.

Read here: US GDP growth accelerates to 2.4% in Q2 despite Fed rate hikes Meanwhile, the European Central Bank (ECB) raised interest rates by 25 basis points to 3.75%, its highest level since 2001. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4%. The Nikkei 225 declined 1.35% and the Topix fell 1%.

«Market is likely to consolidate given no clarity given by the US Fed on its future course of action, leading to mixed global cues. Overall strength continues in the market, with the likelihood of consolidation at higher levels,» 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 positive startGIFT Nifty on the NSE IX traded 30 points, or 0.15 per cent, higher at 19,794, signaling that Dalal Street was headed for positive start on Friday.

Toyota, Japan’s most-valued company that has had a relatively circumspect local presence in comparison with compact-car leader Suzuki, is considering setting up an ancillary business in India, tapping into New Delhi’s emergence as a manufacturing hub as the world seeks to reduce a hitherto disproportionate China-centric supply reliance. «Toyota wants to bring their supply chain to India,» a person aware of the talks told ET. «That conversation is slowly opening up.

consumer spending and robust business investment. Shares of Honeywell International dropped 5.7% after its revenue fell short of analysts' expectations. Meta Platforms’ stock rose 4.4%.

Tokyo, Japanese pop star Shinjiro Atae bravely disclosed his identity as a gay man. This revelation, warmly embraced by his fans, holds significance in a country where LGBTQ equality lacks legal recognition. At the event in Tokyo, Shinjiro Atae told fans on Wednesday, “What I’m going to tell you now may not be something you expect or hope to hear. Perhaps some of you may need time to understand. For years, I struggled to accept a part of myself… But now after all I have been through, I finally have the courage to open up to you about something.” «I am a gay man,» Atae revealed, and as he choked up, the audience responded with overwhelming support, encouraging him to “hang in there!”. The applause and cheers from his fans reaffirmed the acceptance and love they held for their idol.

trade deal signed under the UPA era is one of the most ill-conceived deals, commerce minister Piyush Goyal said on Thursday at an industry event. In FY23 alone, the trade gap ballooned by 70% to reach $43 billion. India mostly imports capital goods, raw materials and intermediates from Asean, the tariff concessions under the free trade agreements (FTAs) have also been advantageous to many sectors and adversely impacted domestic companies, especially chemicals and metals manufacturers.

Jujutsu Kaisen Season 2 Episode 5 will be the sole episode in the Premature Death sub-arc, which will encompass the widely referred to Gojo's Past arc. Below, you can find a comprehensive list of release times and streaming information for Jujutsu Kaisen Season 2 Episode 5.

Benchmark U.S. crude oil for September delivery rose $1.31 to $80.09 a barrel Thursday

borrowing at a slow pace, reflecting low confidence that's hitting economic growth. Total debt combining the household, corporate and government sectors climbed to 281.5% of gross domestic product in the second quarter, according to Bloomberg's calculations based on data from China's central bank and the National Bureau of Statistics. That was up from 279.7% in the first quarter.

Nirmala Sitharaman Thursday said the government is considering a production-linked incentive (PLI) scheme for the chemicals and petrochemicals sector to promote manufacturing and to reduce import dependency. “We are in favour of having India becoming a manufacturing hub and therefore of course we will consider the PLI also for the chemicals and petrochemicals,” Sitharaman said at the 'Global Chemicals and Petrochemicals Manufacturing Hubs in India' summit, organised by Federation of Indian Chambers of Commerce & Industry's (Ficci). She said global manufacturers in the chemical industry are looking to diversify their production capabilities and India stands out as an alternative destination for manufacturing. The minister said the government is focussed on green growth and industry should keep in view energy efficiency and renewable energy commitments of India and the Hydrogen Mission. “We should remember that India has set its sights on becoming energy independent by 2047 and achieving net zero by 2070. So net zero cannot be achieved unless each industry and each sector contributes to it. “We are very focused on green growth. Carbon intensity has to be reduced and therefore each one of the sectors will have to contribute to this,” she said. The government has approved a Rs 19,744-crore incentive plan to promote the manufacturing of green hydrogen in the country in a bid to cut emissions. The National Green Hydrogen Mission seeks to promote development of green hydrogen production capacity of at least 5 million metric tonnes per annum and renewable energy capacity addition of about 125 GW in the country by 2030.

SBI Research economists in a note on Thursday. «The Indian economy continues to enjoy a period of sustained goldilocks,» SBI Research economists said, pointing out that India will surpass Japan and Germany at the current growth rate and account for a 4% share of global GDP. SBI economists said India will likely grow 8.1% in the first quarter of FY24, pushing the overall growth rate to 6.5%.

Queensland-headquartered telco Pivotel, which specialises in servicing customers outside the catchment of regular mobile phone coverage, has drafted boutique corporate advisor TMT Partners to oversee a capital partner search.

S. Jaishankar held the 15th India-Japan Foreign Ministers' Strategic Dialogue with Yoshimasa Hayashi, Minister of Foreign Affairs of Japan here on Thursday. They explored potential areas of collaboration in critical and emerging technologies, including semiconductors; resilient supply chains; and digital public infrastructure, among others. The meeting provided an opportunity to review the progress made in the India-Japan Special Strategic and Global Partnership. The Ministers engaged in comprehensive discussions covering a wide range of issues of bilateral, regional, and global significance. They highlighted the importance of further strengthening India-Japan partnership based on shared values and principles. The Ministers emphasized the importance of achieving the target of JPY 5 trillion Japanese investment in India in the period 2022-27.

South Korea and North Korea are now two countries — different from one another. The two function differently due to cultural and political differences that have not always existed. For better understanding, let's revisit history — the conflict took place on July 25, 1950, which resulted in the killing of masses, mostly innocents, however, the fight ended on July 27, 1953. But technically the South and North continue to remain at war with the signing of the Korean War Armistice that turned into the world’s longest ceasefire – over seven decades now.

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