Japan Financial News

Asian stocks have surged, with Japan’s Nikkei 225 index leading gains after Wall Street romped to records following the Federal Reserve’s big cut to interest rates

Subscribe to enjoy similar stories. TOKYO—The Bank of Japan left its short-term policy rate unchanged Friday as it examines how the economy and markets are digesting its most recent interest-rate increase. The Japanese central bank maintained its target for the overnight call rate at 0.25% after raising it to that level in July.

Bank of Japan kept interest rates steady on Friday and maintained its view the economy remained on track for a moderate recovery. In a widely expected move, the central bank left unchanged its overnight call rate target at 0.25% by a unanimous vote.

Sharp is actively scouting for an Indian partner to set up a display fab under the India Semiconductor Mission's (ISM) scheme for display fabrication facilities, people aware of the developments told ET. Sharp is in talks with several Indian players and top executives from its display vertical have met with potential partners, one of the sources said. «They have received a positive response from some and are in advanced stages of discussion and should announce their partner by the end of the year,» the person said. «Sharp has engaged in setting up display fabs for partners in other countries like China, Korea and Taiwan. In India, too, they are looking at a similar strategy wherein they are looking to partner with a strong Indian player who will take the lead on the project and they will provide their technical expertise,» the person said.

logistics cost will come down to single-digit within the next five years as the country builds a network of world-class highways and expressways, road transport and highways minister Nitin Gadkari said on Thursday. Addressing the 'Deloitte Government Summit', Gadkari said the ministry is constructing several highways and expressways which will help reduce India's logistics cost. «I am confident that within five years our logistics cost will be in single-digit,» he said. The reduction in logistics costs is crucial to enhance India's economic efficiency and global competitiveness.

The six-year-old criminal case of Greg Kelly, an American ensnared in the scandal of Nissan’s former boss Carlos Ghosn has turned a page in a Japanese court, with the judge promising a verdict in February

Markets in Europe and Asia have shot higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates

Hong Kong's air safety authority has found that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that forced a Zurich-bound flight to return to Hong Kong could have caused “extensive damage” to the aircraft

Quad Summit in Delaware will show that the four-nation grouping is more strategically aligned and relevant than ever before, the White House has said. QUAD, comprising Australia, Japan, India and the US, is an initiative of President Joe Biden. In the first 100 days of his presidency, Biden convened a virtual leadership summit of the QUAD countries in 2020. Since then QUAD leaders have been holding an annual summit on a rotation basis. «We believe you'll see… that the Quad is more strategically aligned and more relevant than ever before,» John Kirby, White House National Security Council Strategic Communications Director told reporters at a news conference here on Wednesday.

Subscribe to enjoy similar stories. In 2020, theWall Street Journal reported that two senior executives at SoftBank Group—Nikesh Arora and Alok Sama—had been targeted by internal rivals in a smear campaign. According to the report, these rivals had sent letters to the Japanese investment firm’s board levelling serious allegations against the two executives, triggering investigations into their India-focussed investments.

election processes in seven countries including South Africa, Sweden and Belgium, before recommending simultaneous polls for Lok Sabha and state assemblies in India, according to the committee's report approved by Union Cabinet on Wednesday. The other countries where simultaneous elections are conducted are Germany, Japan, Indonesia and the Phillipines. The panel led by former president Ram Nath Kovind had submitted its report to President Droupadi Mumu in March recommending simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days. According to the report, a comparative analysis of other countries was drawn while dealing with the issue of simultaneous elections. The aim was to study and adopt the best international practices to ensure fairness and transparency in elections.

China accounts for nearly one-third of global exports of electronic devices, and Chinese-made devices have already been raising security concerns. Huawei, the Shenzhen-based Chinese telecom company, has for several years been at the centre of an intense technological rivalry between Beijing and Washington, with US officials warning its equipment could be used to spy on behalf of Chinese authorities, allegations that China has denied.

Japan has posted a trade deficit for a second straight month, as both exports and imports were lower than expected

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Asian shares are mostly higher as investors focus on prospects for the U.S. Federal Reserve’s first cut to interest rates in more than four years

Smaller Southeast Asian markets may continue to do better than larger ones, while a significant rise in the yen might cause volatility in the Japanese market and high-performing chip stocks. Fear of an unwind in the yen carry trade has the potential to hit markets globally.

Asian stocks rose before a Federal Reserve policy decision, with traders still split on the size of an anticipated interest-rate cut. Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.

As part of his new role, Byrne will lead the global equity team and manage several global equity portfolios, reporting to global head of equities Jeroen Bos. The firm recently bolstered its global equity team with the hire of Stephanie Li, who will focus on Asian equities, and Koichiro Nanaumi, who will work on Japanese equities. «I am confident that with a larger and experienced global equity team we are in a strong position, aiming to deliver outperformance for clients and accelerating the further growth of our business,» said Bos. AXA to sell investment management division to BN...

The figures further highlight the slow-burning demographic crisis gripping the world's fourth-biggest economy as its population ages and shrinks. As of September 1, Japan had 95,119 centenarians, up 2,980 year-on-year, with 83,958 of them women and 11,161 men, the health ministry said in a statement.

Subscribe to enjoy similar stories. An average American owns 8 pairs of footwear. The Japanese and Europeans own about 6 each.

India entered the final of the Hero Asian Champions Trophy with a clinical 4-1 win against South Korea in the semi-final here on Monday. India scored through Uttam Singh (13th minute), skipper Harmanpreet Singh (19th, 45th) and Jarmanpreet Singh (32nd), while Korea's lone goal came from through Yang Jihun (33rd)'s penalty corner conversion. India will take on hosts China in Tuesday's final. Earlier in the day, China defeated Pakistan 2-0 via shoot-out in the first semifinal after the two teams finished 1-1 at the end of regulation 60 minutes. In the previous league stage encounter between the two finalists, India prevailed 3-0.