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Japanese Economy Shrinks 0.5% In Third Quarter

  • Category:Other
JAPAN TODAY
 
Japan's economy contracted by a worse-than-expected 0.5 percent in the third quarter, government data showed Wednesday, in a further blow to struggling Prime Minister Fumio Kishida.
The shrinking of the world's number three economy, following two consecutive quarters of growth, was ...

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Indonesia, Japan Plan To Accelerate Energy Transition At IPEF Meeting

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ANTARA
 
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartarto, and Japanese Minister of Economics, Trade, and Industry, Nishimura Yasutoshi, discussed opportunities for economic cooperation and accelerating energy transition between both nations.
The discussion took place on ...

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Japan Chipmaker Rapidus To Open Business Base In Silicon Valley

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NIPPON
 
Japanese chipmaker Rapidus Corp. will open a business base in Silicon Valley by the end of March, its chief executive officer said Monday, as it seeks to expand its sales network in the United States in anticipation of demand growth.
Rapidus CEO Atsuyoshi Koike said Silicon Valley is cri...

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Japan's Cosmo Energy Braces For 'Poison Pill' Anti-Activist Vote

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JAPAN TODAY
 
Japan's Cosmo Energy Holdings could struggle to win shareholder backing for a revised "poison pill" strategy, its chief executive says, as the company seeks to defend itself from activist investors pursuing a hostile takeover.
Japan's third-biggest oil refiner is calling another sha...

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Nissan, Renault Launch 'Rebalanced' Alliance

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JAPAN TODAY
 
French automaker Renault and Japanese partner Nissan officially launched their "rebalanced" alliance on Wednesday as they seek to reset a rocky 24-year-old partnership.
The companies announced an agreement in February to put their partnership, which also includes Japanese automaker ...

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Japan's April-Sept. Current Surplus Triples To Record 12.7 Tril. Yen

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KYODO NEWS
 
Japan's current account surplus in the first half of fiscal 2023 tripled from a year earlier to a record 12.71 trillion yen ($84 billion), lifted by record-high foreign investment returns as falling energy import costs trimmed the trade deficit, government data showed Thursday.
Prima...

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Nippon Steel Drops Patent Lawsuit Against Toyota In Name Of Partnership

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JAPAN TODAY
 
Nippon Steel Corp. has dropped its lawsuit against Toyota Motor Corp. over a patent for a technology used in electric motors, saying wrangling among Japanese companies was not beneficial to keep the nation competitive.
Toyota and Nippon Steel see their partnership as critical in the...

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Toyota Exceeds Global Production of 300 Million Cars

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JAPAN NEWS
 
Toyota Motor Corp. announced Monday that its cumulative global production exceeded 300 million units as of the end of September.
The company passed the milestone 88 years and two months after the company’s predecessor, Toyoda Automatic Loom Works’ Automotive Production Division, ship...

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University Of Tokyo Asks Firms To Stop Pressuring Job-Hunting Students

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JAPAN TODAY
 
The University of Tokyo has called on companies to stop using pressure tactics on job-hunting students to get their preferred candidates to give up considering rival firms.
The request by Japan's most prestigious university comes as such practices have become problematic in recent y...

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Japan’s Fading Rally Drives Some Investors To Cheap China Shares

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TOP NEWS
 
 
Japanese stocks have trounced their Chinese peers this year, but some investors are betting the tide is about to turn.
Headwinds are growing for Japanese equities including deteriorating global growth and concern the era of yen weakness that has bolstered exporters’ earnings may be n...

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