Japan’s Fuji Soft (9749.T), opens new tab said on Thursday that KKR (KKR.N), opens new tab now owns nearly 58% of the company after the second stage of a tender offer, ending a fierce battle with rival Bain Capital to take the software developer private. The two private equity powerhouses had engaged in a protracted […]
Read MoreJapanese Prime Minister Shigeru Ishiba expressed optimism on Sunday that his country could avoid higher U.S. tariffs, saying President Donald Trump had “recognised” Japan’s huge investment in the U.S. and the American jobs that it creates. At his first White House summit on Friday, Ishiba told public broadcaster NHK, he explained to Trump how many […]
Read MoreJapanese Prime Minister Shigeru Ishiba said he agreed with U.S. President Donald Trump that the two countries will leave foreign exchange-rate matters in the hands of their finance ministers. “As was the case during the first Trump administration, we decided to continue close discussions between the Japanese and U.S. finance leaders, who are the experts,” […]
Read MoreJapan’s Economy Minister Ryosei Akazawa said on Monday the country’s underlying inflation was approaching 2%, a goal that is included in the government’s joint statement with the central bank aimed at coordinating policy to beat economic stagnation. Speaking in parliament, Akazawa also said households face even higher inflation that is driven more by cost-push factors, […]
Read MoreJapanese Prime Minister Shigeru Ishiba will hold talks with OpenAI CEO Sam Altman and SoftBank Group (9984.T), opens new tab CEO Masayoshi Son on Monday, the Japanese government said on Friday. U.S. President Donald Trump announced last week that OpenAI, SoftBank and Oracle (ORCL.N), opens new tab will form a joint venture and invest up […]
Read MoreHonda Motor (7267.T), opens new tab said on Wednesday it will boost its investments in three Ohio auto plants by $300 million to have flexibility to build EVs, hybrids and gas-powered vehicles on the same assembly line. The Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now […]
Read MoreThe chairman and president of Japan’s Fuji Television resigned Monday, weeks after a celebrity presenter was accused of sexual assault, causing a public relations storm and the mass exit of advertisers. A leading tabloid magazine reported last month that Masahiro Nakai, a J-pop megastar turned TV host, had performed a sexual act without a woman’s […]
Read MoreThe Bank of Japan raised interest rates on Friday to their highest since the 2008 global financial crisis and revised up its inflation forecasts, underscoring its confidence that rising wages will keep inflation stable around its 2% target. The decision marks the BOJ’s first rate hike since July last year and comes days after the […]
Read MoreA large fire broke out in a commercial building near a famous tourist landmark, Tsutenkaku Tower, in Osaka in western Japan, local TV footage showed on Tuesday. The fire broke out on the first floor of a five-story building and 26 emergency vehicles have been deployed to the site, public broadcaster NHK reported, citing local […]
Read MoreThe Earthquake Research Committee said it has increased its estimate of the probability to between 75 and 82 percent from between 74 and 81 percent previously. A Japanese government panel said Thursday it has slightly raised its estimated probability of a “megaquake” to up to 82 percent in the next 30 years. Such a jolt […]
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