Japan Financial News

Netflix. The OTT platform has just released a new trailer for the live-action adaptation of the Manga series by Eiichiro Oda.

SYDNEY (Reuters) -The United States commissioned a warship in Sydney, Australia, on Saturday, the first time a U.S. Navy vessel joined active service at a foreign port, as the two close allies step up their military ties in response to China's expanding regional reach.

Nykaa have dominated the sector in the recent past, it is increasingly seeing consolidation of brands or bigger conglomerates making an entry. The latest is Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain.

Australia and the United States rehearsed precision missile strikes during war games on Saturday as Canberra overhauls its military strategy in favour of long-range firepower. A series of live-fire drills were held at the Shoalwater Bay military complex in the northeastern region of Queensland, showcasing the American-made HIMARS missile system recently sold to the Australian Defence Force. More than 30,000 troops will take part in the biennial Talisman Sabre exercises over the next two weeks, including soldiers from Japan, France, Germany, and South Korea.

MSCI India moving up 13%, when MSCI World index was up only 4% and MSCI EM down 1%. India is the second-best performing market since April 2023, coming behind the Japanese Nikkei which is up 15%, tipping NASDAQ which is up 12%. (Source: Bloomberg) India’s economic and earnings growth strength, coupled with a possible recession in the US are the two key reasons behind India’s outperformance and we are hopeful that this outperformance should continue due to 3 reasons.

COMEX gold rose during the first half of the week as recent data from the US, particularly the CPI and retail sales, showed that price pressures are cooling, warranting a smaller Fed action than previously expected. Investors are now expecting the US Fed to hike rates by 25 bps in July and pushed back against any rate hikes in the September FOMC meeting. Data released on Tuesday showed that US retail sales and industrial production missed estimates, a potentially welcome sign for the Fed as it seeks to cool inflation.

The White House announced on July 21, that prominent artificial intelligence (AI) companies, such as OpenAI, Google and Microsoft, have made commitments to create AI technology that is safe, secure and transparent. Additionally, the White House acknowledged other companies like Amazon, Anthropic, Meta and Inflection for also committing to AI safety.

Pew Research Center released a comprehensive study exploring the views of Chinese Americans on China and other countries. The study revealed that Japan, Taiwan, and South Korea were viewed favorably by the majority of Chinese Americans. However, only 41% of Chinese Americans had a favorable view of China, while 54% held an unfavorable opinion of their ancestral homeland.

Toyota Motor revealed their ambitious plan to utilize regenerative fuel cell technology for propelling a manned lunar rover. This cutting-edge approach opens up exciting possibilities for harnessing the moon's water ice as a potential energy source in the days to come. Japan, under the leadership of Prime Minister Fumio Kishida, has significantly amplified its space exploration aspirations.

Benchmark U.S. crude oil for September delivery rose $1.42 to $77.07 a barrel Friday

NEW DELHI/MUMBAI : Global anime brand Crunchyroll sees India as the second largest anime market in the world after the US and expects 60% of the global growth in the next few years in the category to come from the country. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp. “India is still a nascent market for us but we’re seeing really strong fandom for anime across the country, and not just in metros but also from tier-two and three towns.

New Delhi: With state run ONGC Videsh Ltd (OVL) yet to get the equity rights for its shares in Sakhalin-1, the overseas arm of Oil and Natural Gas Corporation (ONGC) has not received any dividend payments, said two people aware of the development. The issue of India’s most lucrative energy equity buy overseas has been raised with Rosneft and at various levels in the Russian government but is yet to be resolved. The stake sale was purchased ONGC’s subsidiary for $331 million in 2001 that has yielded manifold returns.

India became the first country to make CSR mandatory, and today, more than 80% companies in India have CSR programmes. This is more than what is reported from Malaysia, Japan, South Korea, Thailand, Singapore and the Philippines, even though they are more prosperous than India. Yet, India's CSR programmes are underestimated at the global level.

Consumer price inflation is expected to overshoot the Reserve Bank’s tolerance mark of 6 per cent again in July and August due to the sky high vegetable prices, a Japanese brokerage said on Friday.

o9 Solutions, with its massive raise of $116 million this week, helped correct declining startup funding values in the period from July 15 to July 21. Accordingly, late-stage startups made the bulk of funding during the week, raising a total of $193.1 million, while early-stage startups raised $20.9 million and seed stage ones received $20.7 million.

Ati Motors, maker of autonomous industrial robots, on Friday announced the close of its new funding round of $10.85 million. The Series A round was led by True Ventures. Athera Ventures Partners joined as a new investor, while existing investors Blume Ventures, Exfinity Ventures and MFV Partners also participated.

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(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase (NYSE:JPM) in paragraph 5)

By Leika Kihara and Takahiko Wada

LONDON (Reuters) — The peak holiday season is gearing up, but school's not quite out for summer in financial markets.

Beijing and other cities braced for severe flooding on Friday as summer storms rolled across many parts of China, while inland regions baked in intense heat, threatening to shrink the country's biggest freshwater lake. Wild weather swings have gripped China since April, causing deaths, damaging infrastructure and wilting crops as well as raising fears of its ability to cope with climate change. Historically, China enters its peak rainy season in late July, but extreme weather has made storms more intense and unpredictable, exposing heavily built-up megacities with poor or insufficient drainage to potentially deadly floods. In Beijing, authorities have deployed this week over 2,600 people to drain dozens of pumping stations in advance and clear thousands of water drainage outlets along roads. Several bus routes plying the suburbs and mountainous areas were halted. Authorities in the neighbouring city of Tianjin also ramped up flood control efforts in the Hai basin, a major northern drainage system. By contrast, scant rainfall in Jiangxi province has resulted in Poyang Lake, the country's largest body of fresh water, ebbing to its lowest level for this time of the year since records began in 1951.