Page 17 - Japan

Toshiba announces plan to split into 3 firms, shareholder reaction in focus

The third company will own Toshiba's 40.6% stake in unlisted memory chipmaker Kioxia.

Japan's economy seen back in decline on Covid-19, supply issues: Report

Japan's economy likely contracted in the third quarter as curbs to stop a coronavirus resurgence and supply bottlenecks hurt consumption and output, a Reuters poll of economists showed on Thursday

Blizzard-hit SoftBank launches $9-bn buyback after $10-bn Vision Fund loss

Even as the value of its assets slide, the Japanese tech conglomerate said its stock is undervalued and will spend up to 1 trillion yen ($9 bn) buying back nearly 15% of its shares

Explained: Key challenges for Japan PM Fumio Kishida's stimulus plan

Having deployed huge fiscal stimulus last year, Japan risks a drop-off in support needed to support the fragile recovery, finance ministry officials say

Japan cuts economic view after key indicator falls to lowest in a year

The government on Monday lowered its assessment of the index to "weakening" from "improving" in its first downgrade since August 2019

Japan eases many Covid-era border restrictions as cases slump

The easing also means government will begin reissuing visas for long and short-term stays, which will mainly affect foreign students, technical trainee workers and those relocating to Japan for work

Japan household spending falls in Sep as year-end outlook turns less gloomy

Japan's household spending fell in September as consumers remained cautious about the COVID-19 pandemic

Thailand completes Regional Comprehensive Economic Partnership ratification

China and Japan have also completed ratifications of the pact.

Japan's factory activity expands at fastest pace in 6 months in October

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index in Oct rose to 53.2 on a seasonally adjusted basis from 51.5 in the previous month, expanding for the ninth consecutive months.

Theory of China Covid-19 origin a "rumor": former Japanese Prime Minister

Yasuo Fukuda recently expressed his opposition to the theory that the Covid-19 pandemic originated in China

As oil races toward $100, India, US and Japan tell OPEC+ enough is enough

Behind closed doors, an intense campaign is being waged to persuade OPEC+ to speed up its output increases, according to multiple diplomats and industry insiders

CCI rules in favour of NTN Corporation of Japan over cartelisation charges

Commission inquired into charges based on an application filed by NSK as leniency petitioner. Leniency rules protect those who come forward and submit information honestly

Airlines in Japan and South Korea get creative to bring back demand

While one airline will sell 150 unlimited passes to passengers 12 and older, another has sought new streams of revenue by selling its bacon-tomato spaghetti, hamburger steak over rice

Japan's new PM Kishida sends offering to controversial Tokyo shrine

Prime Minister Fumio Kishida donated ritual offerings Sunday viewed by Chinese and Koreans as a symbol of Japanese wartime aggression

Modi speaks to Japan's new PM, discusses robust cooperation in Indo-Pacific

The prime minister conveyed his congratulations and best wishes to Kishida for assuming charge as the premier of Japan, the Prime Minister's Office (PMO) said in a statement

Magnitude 6.1 quake shakes Tokyo area; no danger of tsunami, say officials

A powerful earthquake registering a preliminary 6.1 magnitude shook the Tokyo area on Thursday night, but officials said there was no danger of a tsunami.

5.9 magnitude earthquake hits northeastern Japan, 3 people injured

An earthquake with a magnitude of 5.9 struck northeastern Japan early Wednesday, leaving three people injured, Kyodo News reported.However, there was no threat of a tsunami and no major property damage reported, according to the weather agency and local authorities.The quake occurred at 2.46 am, logging upper 5 on the Japanese seismic intensity scale of 7 in Hashikami, Aomori Prefecture, with the focus in the Pacific Ocean off Iwate Prefecture at a depth of about 56 kilometers, the Japan Meteorological Agency said, the news agency reported.

Japanese stocks extend losing streak as new premier underwhelms

The blue-chip measure closed 2.2% lower, capping its worst longest losing streak since May 2019 and extending its loss from a September high to 9.3%

Japan's new PM to seek fresh mandate to handle coronavirus, economy

Newly elected Japanese Prime Minister Fumio Kishida pledged to push through with a large-scale recovery package to support those hit by the pandemic

Elliott builds Toshiba stake adding pressure to review

Toshiba's board is undertaking the review after an activist-shareholder rebellion earlier this year led to the ouster of the chief executive officer and a board member