Japan’s Prime Minister Fumio Kishida (L) and U.S. President Joe Biden (R). File | Photo Credit: AFP Japanese Prime Minister Fumio Kishida on Wednesday pledged to deepen his country’s alliance with the United States under Japan’s new defense policy that breaks from its exclusively self-defense-only stance in the face of growing regional tensions. Mr. Kishida, … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Takahiko Wada and Leika Kihara Publishing date: Nov 24, 2022 • 2 minutes ago • 2 minute read Join the conversation Article content TOKYO — Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years … Read more
Japan came back from an early deficit to upset Germany 2-1 at the Khalifa International Stadium on Tuesday, yet another stunning result in the 2022 World Cup. Former United States men’s national team players Jimmy Conrad and Sacha Kljestan gave their three takeaways from the thrilling match on “World Cup Now.” 1. Conrad: Germany blew … Read more
The internal affairs minister in Japanese Prime Minister Fumio Kishida’s government was forced into resigning over funding problems on Sunday, in a blow to the scandal-prone Cabinet that has already lost two ministers in one month. Minoru Terada has been under fire over several accounting and funding irregularities. In one, he acknowledged that one of … Read more
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Rocky Swift and Mayu Sakoda Article content TOKYO — Japanese medical equipment maker Olympus Corp has largely completed a slew of asset sales and is now keen to do deals, particularly in digital technology and robotics, its chief executive said. “Olympus has tended … Read more
Breadcrumb Trail Links PMN Business Author of the article: Reuters Tetsushi Kajimoto and Kantaro Komiya Article content TOKYO — Japan’s economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took a toll on … Read more
Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Yuri Kageyama Article content TOKYO (AP) — The Japanese economy contracted at an annual rate of 1.2% in the July-September quarter, as consumption declined amid rising prices. Seasonally adjusted real gross domestic product for the world’s third-largest economy shrank 0.3% on-quarter, according to … Read more
(Bloomberg) — Asia’s key earnings may deliver a mixed bag this week, with Chinese retail giant Alibaba expected to widen its profit margin while Japan’s three biggest banks may be left nursing larger paper losses on foreign bond holdings. Most Read from Bloomberg The Japanese megabanks will detail their earnings performance on Monday, and analysts … Read more
(Bloomberg) — Japan is enjoying some success in its battle with speculators targeting the enfeebled yen and the central bank’s stubborn grip on yields, but more tests lie ahead. Most Read from Bloomberg After months of jawboning turned into concrete action in the foreign-exchange market, speculative positioning has been pegged back at least in the … Read more
Breadcrumb Trail Links PMN Business The yen’s recent slump has taken the sheen off Japan as a destination for foreign workers, a worrying sign for an aging economy in desperate need of more people to keep its factories, farms and care homes running. Author of the article: Bloomberg News Isabel Reynolds and Jamille Tran Publishing … Read more