JAPAN
Cash-for-marriage scheme: Japan scraps idea to woo women out of city with cash
The Japanese government has abandoned a plan to offer cash payouts and train tickets to encourage Tokyo women to marry and relocate to rural areas. The proposal met with criticism on social media and raised concerns over gender inequality. The scheme aimed to address the rural depopulation crisis by reducing the countryside gender gap.
Japan's defense ministry seeks record budget as it faces growing threat from China
Japan’s Defense Ministry has requested a record 8.5 trillion yen budget for 2025 to strengthen defenses on southwestern islands against China’s threat. The budget focuses on unmanned weapons and AI to address declining troop numbers due to the shrinking population. Japan plans to spend 43 trillion yen through 2027 under a five-year military buildup plan, aiming to become the world’s third-largest military spender.
Japan on high alert. The reason? A lone, possibly sexually frustrated dolphin
A single bottlenose dolphin has been linked to 18 recent attacks on swimmers in Mihama, Japan. Local authorities caution that the dolphin's powerful behavior, possibly due to sexual frustration or play-biting, has caused serious injuries. Experts suggest social isolation or a negative past experience could be contributing to the aggression.
Typhoon hits Japan's Kyushu; three dead, airlines, factories affected
Typhoon Shanshan struck southwest Japan, causing heavy rain and strong winds, disrupting air traffic, and cutting power to over a quarter million homes. Major automakers and a chipmaker halted production, and authorities issued evacuation orders. The storm is moving slowly and is expected to reach further regions, including Tokyo.
Biocon settles with Janssen to commercialise biosimilar products in Europe, Canada, Japan
Biocon Biologics has entered into a settlement and licence agreement with Janssen Biotech Inc, Janssen Sciences Ireland, and Johnson & Johnson to launch Bmab 1200, a biosimilar to Stelara, in Europe, the UK, Canada, and Japan. This deal resolves patent disputes and secures future market entry, pending regulatory approvals.
Japan's Nikkei edges lower as strong yen weighs; Nvidia earnings in focus
Japan's Nikkei share average declined on Wednesday, impacted by a strengthening yen that affected exporters and added caution ahead of Nvidia's earnings. The Nikkei dropped by 0.3%, with a mixed performance among automakers and semiconductor-sector shares. Toyota Motor rose, while chip-testing machinery giant Tokyo Electron pulled back significantly.
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10 Japanese firms interact with Karnataka colleges to enable hiring of Indian talent
The Japan External Trade Organisation (JETRO) organised University Connect in Bengaluru to facilitate connections between Japanese businesses seeking Indian talent and Karnataka's top colleges. The event featured 10 Japanese companies and 7 Indian institutions, aiming to encourage students to explore job opportunities in Japan. JETRO plans to expand its university network in Karnataka to support Japanese businesses in hiring skilled Indian professionals.
Chinese military's airspace violation is utterly unacceptable, Japan says
Japan protested China's military plane intruding over the Danjo Islands near Kyushu. The breach, lasting approximately two minutes, prompted Japan to scramble jets. The Japanese government expressed concerns over the threat to national security and vowed to monitor Chinese military movements closely. Diplomatic talks are ongoing.
Japan's Nikkei falls as Wall Street tech losses weigh
In early trading on Tuesday, Japan's Nikkei share average fell 0.5% to 37,936.68 following declines on Wall Street. Technology stocks led the drop, with companies like Tokyo Electron and Advantest pulling the index down. Broader Topix also dipped 0.2%. The yen's recent strength against the dollar further dampened market mood.
Japan scrambles jets after Chinese aircraft 'violated' airspace
Japan deployed fighter jets following a breach of its airspace by a Chinese military surveillance aircraft, marking a first for such an event. The incident near the Danjo Islands led to Japan issuing warnings and lodging a formal protest with China, raising regional tensions over territorial disputes.
Why 7-Eleven is a national treasure in Japan
7-Eleven stores in Japan are facing a takeover bid from Canadian company Alimentation Couche-Tard. Operating under Seven & i Holdings, these stores are a crucial part of Japanese daily life. The proposal is under review, but analysts predict significant challenges due to regulatory scrutiny and the unique operations of Japanese convenience stores.
Trading in Asian markets is mixed and muted ahead of a key Fed chair speech
Asian markets experienced mixed trading as investors looked forward to guidance from Federal Reserve Chair Jerome Powell on possible rate cuts. Japan's Nikkei 225 rose slightly, while stocks in Australia and South Korea saw minor losses. U.S. markets also faced declines amid mixed economic signals, with Powell's upcoming speech in focus.
Shigeru Ishiba announces bid to succeed Fumio Kishida as Japan's leader
Recently, Ishiba endorsed the Bank of Japan's policy of gradually raising interest rates, saying the normalisation of ultra-loose monetary policy could push down prices and boost industrial competitiveness.
Japan's Nikkei inches higher amid weaker yen, pharma extends rally
Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited due to tech stocks following their U.S. counterparts lower. Export-heavy markets got support from a weaker yen. Market participants await Bank of Japan Governor Kazuo Ueda's and U.S. Federal Reserve Chair Jerome Powell's speeches.
A robot's attempt to get a sample of the melted fuel at Japan's damaged nuclear reactor is suspended
The work was stopped when workers noticed that five 1.5-meter (5-foot) pipes used to maneuver the robot were placed in the wrong order and could not be corrected within the time limit for their radiation exposure, the plant operator Tokyo Electric Power Company Holdings said.
Japan lifts Mount Fuji barrier after tackling tourist overcrowding
Mount Fuji’s views are once again visible after Fujikawaguchiko temporarily removed a barrier that had been installed in May to manage the chaos caused by international tourists trying to photograph the volcano. The large screen was set up in response to local complaints about overcrowding and littering.
Japan's Aug factory activity declines slow, PMI shows
Japanese factory activity saw a slower contraction in August, with the manufacturing PMI rising to 49.5, while the service sector expanded to 54.0. Despite these mixed signals, rising price pressures and labor constraints remained concerns. The composite PMI, combining manufacturing and services, reached its highest level since May at 53.0.
Japan Airlines to enhance air connectivity on Tokyo-Bengaluru route
Japan Airlines will increase flights from Tokyo to Bengaluru to five per week starting late October, up from three, due to rising demand. Currently, JAL is the sole carrier offering direct flights from Bangalore, using Boeing B787-8 aircraft. This expansion aims to enhance connectivity and support regional economic growth, as noted by BIAL's COO.
Japan's Nikkei rebounds on softer yen, tech gains
Japan's Nikkei index climbed 1.8%, driven by a softer yen and gains in tech stocks following U.S. economic optimism. Key performers included SoftBank, which rose 3.1%, and Fast Retailing, up 3.6%. Investors remain focused on upcoming remarks by Federal Reserve Chair Jerome Powell for clues on future rate movements.
Japan ruling LDP to hold leadership election on Sept 27, Fuji TV says
Japan's ruling Liberal Democratic Party (LDP) is finalizing plans to hold its leadership election on Sept. 27, according to Fuji TV. The elected party leader is expected to become Japan's Prime Minister, given the LDP's majority in the lower house.
Evacuation ordered in northern Japan, flights and trains canceled in Tokyo as a typhoon approaches
Typhoon Ampil threatened northern Japan, prompting the evacuation of thousands over concerns of flooding and mudslides. Flights and trains in the Tokyo area were canceled, and Disneyland closed early. The typhoon had sustained winds of 162 kph and was forecasted to move north, potentially weakening to a tropical storm by Sunday.
Japan lifts 'megaquake' warning, tells people to 'go back to normal'
Japan has lifted a week-long alert that warned of a potentially catastrophic "megaquake" affecting the Nankai Trough region, advising residents to return to normal activities. The warning, which led to widespread panic and precautionary measures including holiday cancellations and emergency stockpiling, was prompted by a magnitude 7.1 earthquake that caused 15 injuries.
Japan economy rebounds in Q2 with better-than-expected growth
Japan's economy grew by 0.8 percent in the second quarter after a shrinkage in the first, boosted by production and investment. Earlier, Prime Minister Fumio Kishida announced his resignation amid falling poll ratings and internal party dissent.
Fumio Kishida to step down: What you need to know about Japan picking its next prime minister
Japan's Prime Minister Fumio Kishida announced his resignation, triggering a contest among Liberal Democratic Party (LDP) candidates. Scandals and economic issues marred his three-year tenure. Key contenders include Shigeru Ishiba and Toshimitsu Motegi. The LDP will hold its leadership election in September to choose his successor, who will become Japan's next premier.
Megaquake advisory in Japan: What does it mean?
Japan is on high alert after its first megaquake advisory, issued post a 7.1 magnitude quake off Kyushu. Increasing the likelihood of a massive quake in the Nankai Trough, the advisory has led to public confusion and preparation. Authorities recommend stocking emergency supplies and reviewing evacuation plans.
Vinesh Phogat scripts history; becomes first Indian woman wrestler to enter Olympics final
Vinesh Phogat made history on Tuesday as the first Indian woman wrestler to reach an Olympic final, securing her spot by defeating Cuba's Yusneylis Guzman Lopez 5-0 in the 50kg semifinals. Earlier, she had caused a major upset by overcoming Japan's four-time world champion Yui Susaki 3-2 in the quarter-finals despite a 0-2 deficit.
Wrestler Vinesh Phogat cries after stunning win against 4 time world champion Yui Susaki in Olympics
Olympics 2024 Wrestling: Vinesh Phogat, representing India in the 50kg wrestling category, triumphed over Yui Susaki of Japan, a four-time world champion, to advance to the Olympic Games quarterfinals. Indian wrestler. Trailing 0-2, Phogat made a brilliant comeback in the final seconds, winning 3-2 and advancing to the Olympic quarterfinals after a tumultuous year which followed filled with accusations against the Wrestling Federation of India (WFI).
Vinesh Phogat defeats four-time wrestling world champion Yui Susaki of Japan, enters Paris Olympics quarter finals
Trailing 0-2 after conceding penalty points for passivity, the Indian wrestler came back brilliantly in the last five seconds to take down the top seed by clinching three points to win 3-2.
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