Page 10 - Japan

Japan economy grew last quarter on better spending, exports

Japan's real gross domestic product, or GDP, which measures the value of a nation's products and services, grew 1.3 per cent from the previous quarter

Toshiba sets March date for initial vote on conglomerate's break-up plan

The final vote to determine whether to break up Toshiba won't happen until next year but the meeting will be an important gauge of shareholder support for the board's restructuring plan

Japan's Nikkei lose most in 3 weeks on Ukraine, US inflation risks

The Nikkei share average lost 2.23% to close at 27,079.59, posting its biggest daily percentage drop since January 27 and touching below the 27,000 level for the first time since January 31

Japan embassy staff to leave Ukraine as tensions rise between Moscow, Kiev

The Japanese Embassy in Kiev on Sunday said that most of its staff will leave Ukraine as tensions have been rapidly mounting over a possible Russian invasion

US, Japan, South Korea meet in Hawaii to discuss North Korean threat

Some experts say North Korea is using weapons tests to put pressure on President Joe Biden's administration to resume long-stalled nuclear negotiations

1st batch of Quad-supported vaccines to be delivered in first half of 2022

The first batch of COVID-19 vaccines under the Quad initiative will be delivered in the first half of 2022, the foreign ministers of the grouping said

Quad a tool to contain China, stoke confrontation: Beijing

China, which has territorial disputes with many countries in the strategic Indo-Pacific region, has been opposing the Quad alliance since its formation

Japan approves Pfizer Covid-19 oral pills amid surging infections

Japan has granted fast-track approval to US drug maker Pfizer Inc.'s COVID-19 pill, the heath minister said Thursday, as the country struggles to slow fast-spreading omicron infections. The approval came less than a month after Pfizer applied in mid-January, an exceptional speed in a country where foreign drug approvals usually take much longer. Health Minister Shigeyuki Goto said the availability of Pfizer's Paxlovid pill gives high-risk patients, including elderly people and those with underlying health issues, greater treatment options. The approval comes as surging cases among elderly patients are starting to overwhelm hospitals in Tokyo and other metropolitan areas, and delayed booster vaccinations have reached only about 8% of the population. Most of Japan's 47 prefectures are currently under a mild version of a state of emergency. On Friday, Prime Minister Fumio Kishida announced plans to extend current restrictions in Tokyo and 12 other areas for three more weeks until Mar

Quad should stop driving wedges between regional countries, says China

External Affairs Minister S Jaishankar will participate in the fourth Quad foreign ministers' meeting on February 11 in Melbourne along with his counterparts from Australia, Japan and the US

US, Japan reach deal to cut tariffs on Japanese steel, fight excess output

The new deal, which excludes aluminum, will take effect on April 1 and requires Japan to take "concrete steps" to fight global excess steel manufacturing capacity

Japan's tech giant Toshiba plans to split; sell stake in Carrier

Embattled Japanese technology giant Toshiba plans to split into two companies, one focused on infrastructure and the other on devices, in its latest effort to placate unhappy shareholders. As part of the proposed plan, Tokyo-based Toshiba Corp. intends to sell its joint venture stake in Toshiba Carrier Corp. to the U.S.-based Carrier Group, for about 100 billion yen ($877 million). Toshiba is also selling Toshiba Elevator and Building Systems Corp. and Toshiba Lighting & Technology Corp., it said Monday. The proposal is still subject to shareholder and regulatory approval. Toshiba scrapped its earlier proposal for a three-way split, which was not popular with some shareholders. Toshiba once was one of Japan's most revered brands but has been struggling since the Fukushima nuclear disaster in March 2011. A tsunami sent three reactors into meltdowns, spewing radiation over an area that's still partly a no-go zone. Toshiba is involved in the decommissioning effort, which will take ...

Japan will consider ways to help LNG market if supplies disrupted

Industry Minister declined to confirm media reports that the United States had asked Japan if it could divert some of its LNG imports to Europe if Russia were to cut supplies

Japan's 5-year govt bond yield scales zero on policy expectation

The selling of JGBs forced 5-year yields above zero percent for the first time in six years, and came on the heels of the Bank of England's rate rise on Thursday

Japan service sector shrinks at fastest pace in 5 months, firms shed staff

Companies less optimistic that activity would rise over the next year, with positive sentiment reaching a five-month low: PMI survey.

Japan eyes tighter curbs on some companies to counter cyberattacks

The move would be part of Prime Minister Fumio Kishida's initiative to defend Japan's economic security mainly against China

Japan's industrial output dropped 1% MoM in December 2021

Japan's industrial output dropped in December 2021 from a month earlier, the government said in a report on Monday

Japan's factory output shrinks more than expected as risks emerge

Retail sales posted their third straight month of year-on-year gains in December as low coronavirus cases encouraged shoppers

Nikkei posts worst week in 2 months, despite Apple-inspired rebound

Nikkei declined 2.93%, its fourth straight weekly drop, as Japanese stocks joined a global sell-off.

Japan's Mitsubishi, energy body join Gates' nuclear project

The memorandum of understanding signed Wednesday calls for cooperation in developing advanced nuclear technologies

Japan's corporate service price index hits a two-decade high in December

The services producer price index rose 1.1% in December from a year earlier, marking the 10th straight month of increases