Japan Financial News

New Delhi: Japanese apparel retailer Uniqlo is set to open its first store in Mumbai. The store, set to come up in Phoenix Marketcity, Kurla, is scheduled to open on 6 October. “We are delighted to be launching in Mumbai this fall...October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

Foxconn Chairman Liu Young-way held talks with mid-level employees at Japan's Sharp this week and talked about topics including the relationship between the two companies, according to two sources familiar with the matter. Foxconn, the world's largest contract electronics maker, reported a 56% plunge in first-quarter net profit, due to a T$17.3 billion ($553 million) writedown related to its 34% stake in Japanese electronics maker Sharp.

TSMC, the world's largest contract chipmaker, said on Thursday it does not expect any direct impact on its production from China's decision to restrict exports of two metals widely used in semiconductors and electric vehicles. In a move that a top Chinese trade advisor warned was «just a start,» Beijing said on Monday it would limit exports of products made from the minor metals of gallium and germanium to protect national security.

Japan Airlines has come up with a solution that it hopes will convince passengers to travel light — renting clothes.Japan Airlines Co. and Sumitomo Corp. have joined forces to introduce a new service that will revolutionize travel to Japan. Tourists and business travelers visiting the country will soon have the opportunity to travel light and rent clothing during their stay. One set of clothing will cost ¥4,000 to ¥7,000 ($28-$49), and people will be able to rent up to eight outfits for as long as two weeks, in three sizes: small, medium and large. Chosen styles — smart, smart casual and mixed — will be delivered to a traveler’s designated hotel. The primary objective of this initiative is to promote sustainable tourism while providing utmost convenience to visitors. Prior to boarding a Japan Airlines-operated flight, travelers will have the option to choose clothing based on their size and seasonal requirements through a dedicated website. The service will be available for a trial period until August 2024.

U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. Japan's Nikkei share average slumped more than 1%, continuing its retreat from 33-year highs.

«Overall we expect the market to consolidate with a positive bias in the near term, before taking flight to record high levels,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 33 points, or 0.17 per cent, lower at 19,479, signaling that Dalal Street was headed for negative start on Thursday.

By Rae Wee

minutes showed that the central bank was split on pausing interest rate hikes in June and sees more rate hikes at a slower pace going ahead. At the June 13-14 meeting, the Federal Open Market Committee (FOMC)’s decision to hold  interest rate after 10 consecutive increases was to buy time and assess whether further rate hikes would be needed, the minutes showed On the domestic front, the Indian equity indices ended flat on Wednesday after hitting record highs for the last four consecutive sessions. After showing high volatility at high levels, Nifty continued to show consolidation movement on Wednesday and closed the day higher by 09 points.  “Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally.

Japanese Yachiyo Industry, Honda Motors' four-wheeler business, got more analysts becoming optimistic about the auto ancillary giant, stoking a double-digit jump in the company's stock price on Wednesday. Japanese brokerage firm Nomura upgraded the stock by two notches to 'buy' and set a target price that has the potential to deliver another 17% returns from the current levels.

WIMBLEDON : Three protesters arrested for interrupting matches by throwing confetti on court Grigor Dimitrov was about to serve at Wimbledon when two environmental activists jumped out of the stands at Court 18 and disrupted his match by scattering orange confetti and puzzle pieces on the grass. His initial instinct Wednesday? Get involved and try to stop them. “But then I also realized," the three-time Grand Slam semifinalist said, “that’s not my place to do that." Instead, security guards hauled away the woman and man wearing T-shirts from Just Stop Oil — an organization that wants the British government to stop new oil, gas and coal projects — and the two were arrested “on suspicion of aggravated trespass and criminal damage," according to the All England Club.

economic activity fell in June. According to revised figures from the HCOB Eurozone Composite purchasing managers' index, Eurozone economic activity fell to 49.9 points in June, just under the 50-point mark indicating zero growth. The EURO STOXX 50 index closed 0.9% lower, its worst session since end May.

When they first met, they had vastly different roles: One was a Nubian slave, one an Egyptian priestess and one a nobleman soldier. Now, more than three decades after that encounter on the set of “Aida" at New York’s Metropolitan Opera in 1991, the slave and the priestess (singer Rob Maher and dancer Deborah Allton-Maher) are married and the soldier (actor and architect Phil Consalvo) has just designed them a new house on Indian Lake in the Adirondacks in New York state. All three say it was their background collaborating as artists that enabled them to work through contrasting visions, producing a home that is part Japanese tea house, part homey cabin—original in its design yet in tune with properties around it.

By Pratyush Thakur and Shivansh Tiwary

Visakhapatnam to further expand their overall military cooperation. The Indian Navy is hosting the seventh edition of the Japan-India Maritime Exercise (JIMEX) and this edition marks the 11th anniversary of wargame since its inception in 2012.

Climate activists interrupted matches on one of Wimbledon's show courts on Wednesday, scattering orange confetti and jigsaw pieces in the latest protests targeting major sporting events.Just Stop Oil protesters ran onto Court 18 during the first-round match between 21st-seed Grigor Dimitrov and Japanese qualifier Sho Shimabukuro. A man sat down near the net and removed his jacket while a woman was escorted away by officials.

₹300 trillion during intraday trades on Wednesday, helped by FPI buying and broader market gains. The market capitalization of 5,261 companies (excluding DVRs, REITs, InVITs, ETFs and partly paid shares) crossed the ₹300-trillion level in intraday trade, though they closed below the mark at ₹299.9 trillion. Foreign portfolio investors bought a provisional ₹1,603.15 crore even as domestic institutions booked profits and sold a provisional ₹439 crore.

NEW DELHI : Exports by Indian sellers to Amazon marketplaces the world over are on track to surpass $8 billion in 2023, said a top executive at the company. The business update comes over a year after the global e-commerce marketplace had doubled targets to achieve $20 billion in cumulative e-commerce exports from India by 2025. The update is part of Amazon Global Selling, the retailer’s e-commerce exports program, that has grown to more than 1.25 lakh Indian exporters since its launch in 2015.

Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors bet that higher prices for gallium and germanium, which Beijing's export restrictions target, could boost revenues. Germanium is used in high-speed computer chips, plastics, and in military applications such as night-vision devices as well as satellite imagery sensors.

dollar held steady against other major currencies on Wednesday as traders waited for minutes from the Federal Reserve's last policy meeting that could offer clues to the outlook for interest rates. Australia's dollar fell in line with the Chinese yuan after data showed China's services activity expanded at the slowest pace for five months in June, the latest sign of a sputtering post-pandemic recovery in the world's second-largest economy. The dollar index — which measures the U.S.

New Delhi: The seventh edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) hosted by the Indian Navy, is being conducted at/ off Visakhapatnam from 5 -10, July 2023, the ministry of defence said in a statement. This edition marks the 11th anniversary of JIMEX, since its inception in 2012, it added.