Japan Financial News

Asian shares are trading mostly lower, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as president

Shigeru Ishiba on Monday unveiled a $65 billion plan to boost the country's chip and artificial intelligence industries via subsidies and other financial incentives. The plan, which will provide support worth 10 trillion yen ($65 billion) or more by fiscal 2030, comes as countries look to strengthen control over their chip supply chains after global shocks including trade tensions between the United States and China. Japan's government intends to submit the plan, including bills to support the mass production of next-generation chips, to the next parliament session, according to a draft of the plan seen by Reuters earlier on Monday.

The Nikkei ended 0.08% higher at 39,533.32, while the broader Topix inched down 0.09% at 2,739.68.

Nvidia CEO Jensen Huang shared his unique approach to living in the moment by revealing a personal choice: he doesn’t wear a watch. In a widely shared Instagram video, Huang discusses Nvidia's guiding philosophy, which aligns with the company’s impressive growth amid the AI revolution. The video caption reads, “Doing more is easy; doing less is hard.” It highlights how Huang and Nvidia prioritize present efforts as a foundation for future success. “Most people don’t know this, but I don’t wear a watch,” Huang explains. “The reason is simple: the present moment matters most. It might sound surprising, but I’m not driven by ambition to achieve more. My goal is to excel in what I’m doing now, not to pursue more; I let the world come to me,” he states. This approach mirrors Nvidia’s outlook, as Huang emphasizes that the company doesn’t adhere to a traditional long-term strategy. “People who know me understand that Nvidia operates without a detailed long-term plan. Our definition of a ‘long-term plan’ is simply, ‘What are we working on today?’” he adds.

Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations

On October 9, he uploaded a video showing himself kissing the Statue of Peace in Itaewon, central Seoul, while also performing an inappropriate dance in front of the monument. The statue honors the tens of thousands of young women who were subjected to sexual slavery by the Japanese military during Korea’s occupation from 1910 to 1945. As reported by The Korea Times, Somali conveyed his remorse for his actions in a video shared by the YouTube channel Jcompany on Thursday. Standing next to the statue, Johnny bowed to the Korean audience and said, “I want to apologise to Koreans. I didn’t understand the significance of the statue.” He further explained that his intent had been to entertain his American audience, but acknowledged that his behaviour was disrespectful. Somali also added in Korean, “I’m truly sorry.”

Finance Minister announced the establishment of E-Commerce Export Hubs (ECEHs) in this year’s budget to enhance merchandise exports through cross-border e-commerce. This initiative was introduced in response to the various challenges faced by Indian MSMEs, including intense competition from other Asian nations such as China and Japan, disruptions caused by the Russia-Ukraine conflict, and other macroeconomic issues. In addition to geopolitical challenges, the fragmented and predominantly B2B-focused Indian regulations that govern e-commerce exports today, impose significant compliance burden on the small businesses. To address these challenges, the proposed ECEH model aims to consolidate various stakeholders within a unified regulatory and logistical framework to streamline and facilitate e-commerce exports.

Sony’s profit surged 69% in July-September on the back of strong sales of its image sensors, games, music and network services

Sumitomo Rubber says it will close its western New York tire manufacturing plant and eliminate all 1,550 union and salaried jobs

Asian shares have advanced after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy

bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. Australian and Japanese shares advanced along with Hong Kong futures, while the Golden Dragon index of US-listed Chinese companies jumped 3.5%. The S&P 500 gained 0.7% and the Nasdaq 100 climbed 1.5%, both setting fresh peaks for a second day. An index of global equities also advanced to a record.

It’s been quite the week — Donald Trump’s victory in the United States election sent stocks soaring and gold plunging yesterday, and today the Federal Reserve announces its rate decision.

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned

Regional Comprehensive Economic Partnership (RCEP), a top official at a government think tank said on Thursday, years after the country decided to walk out of the China-backed Asian trade bloc.

buy call on Maruti Suzuki India Ltd. with a target price of Rs 13,875. The current market price of Maruti Suzuki India Ltd. is Rs 11,222.5. Maruti Suzuki, incorporated in 1981, is a Large Cap company with a market cap of Rs 352704.67 crore, operating in the Auto sector. Maruti Suzuki India's key products/revenue segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Rental Income for the year ending 31-Mar-2024.

Shares have fallen in Asia after U.S. stocks stormed to records as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world

Subscribe to enjoy similar stories. Sequels rarely have the same impact as the original. The second Donald Trump presidency that the good people of America have foisted on themselves, and the world, is likely to prove different.

Toyota’s July-September profit has sunk to less than half of what it was in the same period the previous year, as a production stoppage that followed a certification scandal and recalls dented vehicle sales

Honda said its profits slipped nearly 20% in the first half of the fiscal year from the same period the previous year, as sales suffered in China, the Japanese automaker