Toshiba weighs cutting 5,000 jobs in Japan: TOKYO -- Toshiba is considering cutting its domestic workforce by 5,000, equivalent to about 7% of the total in Japan ...
asia.nikkei.com/Business/Companies/Toshiba-weighs-cutting-5-000-jobs-in-Japan
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The number of visitors to Japan exceeded 3 million for the first time in March, while a weak yen drove tourists to spend a record amount over the first quarter ... Show more asia.nikkei.com/Business/Travel-Leisure/Japan-foreign-tourists-top-3m-in-March-fueling-record-spending-boom
For rich countries, exporting trash to Southeast Asia saves money and outsources a messy problem. But ASEAN is already incapable of managing its own plastic ... Show more asia.nikkei.com/Spotlight/The-Big-Story/Southeast-Asia-s-plastic-tidal-wave-Imported-trash-swamps-region
Young people in China -- raised in an era of rapid economic expansion and rising living standards -- are adopting a more rational approach to spending ... Show more asia.nikkei.com/Spotlight/Asia-Insight/China-s-Gen-Z-turns-frugal-as-economy-doubts-linger
The latest issue of Nikkei Asia magazine is out. Check out what's inside.
READY TO GO GLOBAL
Kishida touts Japan's bolstered defense credentials on historic U ... Show more asia.nikkei.com/Print-Edition/Issue-2024-04-11
Oracle to spend over $8bn to build more data centers in Japan: TOKYO -- Oracle will spend a total of more than $8 billion over 10 years, starting in 2024 ...
asia.nikkei.com/Business/Technology/Oracle-to-spend-over-8bn-to-build-more-data-centers-in-Japan
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In Pictures: Biden hosts Japan's Kishida at glitzy state dinner
Here's a look at some scenes from the dinner, attended by Tim Cook, Jeff Bezos and more.asia.nikkei.com/Politics/International-relations/In-Pictures-Biden-hosts-Japan-s-Kishida-at-glitzy-state-dinner
In pictures: Here is a look at some of the key moments from the U.S.-Japan summit.asia.nikkei.com/Politics/International-relations/In-pictures-U.S.-Japan-summit (Photo by Reuters, Getty Images)
Samsung ramps up U.S. chip investment to $45bn with $6.4bn grant: WASHINGTON/SEOUL/TAIPEI -- The U.S. government will offer up to $6.4 billion in direct funding ...
asia.nikkei.com/Business/Tech/Semiconductors/Samsung-ramps-up-U.S.-chip-investment-to-45bn-with-6.4bn-grant
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Japan to collaborate on Chinese payment services with joint QR code: TOKYO -- Efforts are underway between Japan and other Asian countries to allow mutual access ...
asia.nikkei.com/Business/Retail/Japan-to-collaborate-on-Chinese-payment-services-with-joint-QR-code
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Under a "new phase" for world security, underlined by Russia's invasion of Ukraine, the war in Gaza, and attempts by China to change the status quo ... Show more asia.nikkei.com/Spotlight/The-Big-Story/Kishida-Japan-ready-to-step-up-as-U.S.-global-partner-at-Biden-summit
Quick Glance: Biden criticizes Netanyahu's Gaza war approach
- President Joe Biden criticizes Netanyahu for inadequate humanitarian aid in Gaza.
- The U.S. increases pressure on Israel to achieve a ceasefire, straining the long-standing alliance.
- Disagreements over humanitarian aid and offensive plans in Rafah deepen the divide between the two countries.
- Israel slowly ramps up aid, but logistical issues and security concerns complicate deliveries.
Hitachi to let foreign employees work remotely from back home: TOKYO -- Hitachi will start allowing foreign employees in Japan to work from their home countries ...
asia.nikkei.com/Spotlight/Work/Hitachi-to-let-foreign-employees-work-remotely-from-back-home
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A Nikkei reporter took a ride in a commercially operated, completely driverless taxi in Beijing, noting the details of its ride quality and safety.asia.nikkei.com/Business/Automobiles/NIKKEI-Film-The-power-of-fully-driverless-taxis-in-China
Gen Z makes up nearly one-fifth of China's population, with their habits set to help shape the country for years to come. Their shift toward frugality is ... Show more asia.nikkei.com/Spotlight/Asia-Insight/China-s-Gen-Z-turns-frugal-as-economy-doubts-linger
Singapore's economy grew 2.7% in Q1 from a year earlier, driven by a recovery in the tourism sector. The country forecasts growth of 1% to 3% in 2024 ... Show more asia.nikkei.com/Economy/Singapore-Q1-GDP-growth-ticks-up-to-2.7-on-strong-tourism-recovery
To beat China EVs on cost, Honda supplier and ArcelorMittal look beyond gigacasting
asia.nikkei.com/Business/Automobiles/To-beat-China-EVs-on-cost-Honda-supplier-and-ArcelorMittal-look-beyond-gigacasting
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TSMC, the world's biggest contract chipmaker, has agreed to increase its U.S. investment by more than 60% and produce the world's most advanced 2-nanometer ... Show more asia.nikkei.com/Business/Tech/Semiconductors/TSMC-expands-U.S.-investment-to-65bn-after-securing-6.6bn-grant
Quick Glance: Billion-Dollar Deal Strengthens US Semiconductor Production and National Security
- The world's largest chipmaker is planning cutting-edge facilities in Arizona with substantial subsidies.
- From 2028, TSMC will produce its most advanced products in Arizona to boost US semiconductor production.
- The $65 billion investment in the US drives 2nm chip production and enhances national security.
- This move supports the goal of relocating 20% of global advanced semiconductor manufacturing onshore by 2030.
China to cap 'healthy' developing Asia's growth in 2024, says ADBSecond-largest economy's downturn could bring 'spillovers to trading partners'asia.nikkei.com/Economy/China-to-cap-healthy-developing-Asia-s-growth-in-2024-says-ADB
Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
China IPOs slow as strict 'broker butcher' rules kick in: HONG KONG -- A slowdown in China's initial public offering market is expected to persist through ...
asia.nikkei.com/Business/Markets/IPO/China-IPOs-slow-as-strict-broker-butcher-rules-kick-in
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Microsoft to invest $2.9 bln to boost AI business in Japan - Nikkei: Microsoft Corp will invest about $2.9 billion over the next two years to boost its ...
reuters.com/technology/microsoft-invest-29-bln-boost-ai-business-japan-nikkei-2024-04-09/
New economic forecasts for China show Beijing's efforts to promote an optimistic narrative have not shaken predictions of a long-term slowdown. asia.nikkei.com/Economy/China-economists-flag-GDP-slowdown-despite-Beijing-s-bright-future-talk
Strong dollar poses question over timing of Japan intervention
Reversal of weakening yen per dollar depends on U.S. economy, analysts say: asia.nikkei.com/Business/Markets/Currencies/Strong-dollar-poses-question-over-timing-of-Japan-intervention
One early morning bus route in South Korea gives us a glimpse into the lives of the working class, providing a journey through inequality in Seoul.asia.nikkei.com/Spotlight/Asia-Insight/South-Korea-s-working-class-unmoved-by-election-campaign-lip-service
According to a recent survey, over half of Southeast Asians now prefer to align with China over the U.S. if ASEAN were forced to choose between the ... Show more asia.nikkei.com/Politics/International-relations/Majority-of-ASEAN-people-favor-China-over-U.S.-survey-finds
Japan spends proportionately more than the U.S. to support its semiconductor sectors.
Countries are doing everything they can to beef up their domestic chip ... Show more asia.nikkei.com/Business/Tech/Semiconductors/Japan-outspends-U.S.-Germany-on-chip-subsidies-as-share-of-GDP
Japan’s Nikkei Snaps Losing Streak as Chip-Sector Stocks Rebound (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240418-181059/
China's GDP growth accelerates to 5.3%, defying expectations: SHANGHAI -- China's gross domestic product growth accelerated to 5.3% on the year in the ...
asia.nikkei.com/Economy/China-s-GDP-growth-accelerates-to-5.3-defying-expectations
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Boeing aims to bring flying cars to Asia by 2030: TOKYO -- U.S. aircraft manufacturer Boeing plans to enter the flying car business in Asia by 2030 ...
asia.nikkei.com/Business/Transportation/Boeing-aims-to-bring-flying-cars-to-Asia-by-2030
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Expo 2025 is set to open in Osaka in just over a year, bringing the event to a city that prides itself on its food, a gregarious sense of humor and a strong ... Show more asia.nikkei.com/Spotlight/Asia-Insight/Japan-s-Expo-2025-Osaka-triumph-or-billion-dollar-folly
Indian business leader hopes more young Indians work in Japan"I know many people today are coming from Thailand and Indonesia, or other countries ... Show more asia.nikkei.com/Spotlight/Japan-immigration/Indian-business-leader-hopes-more-young-Indians-work-in-Japan
Xiaomi has jumped into the EV market with a high-performance model that is priced at less than half that of EVs offered by Tesla and Porsche. asia.nikkei.com/Business/Automobiles/China-s-Xiaomi-jumps-into-EV-market-battle-with-gusto
Quick Glance: Xiaomi's Entry into the EV Market Battle
- Xiaomi's new SU7 model EV offers performance equal to or better than that of their much pricier American and European competitors.
- Xiaomi, one of the world's largest smartphone makers, has entered the electric vehicle market, releasing a model that is priced at less than half of EVs offered by Tesla from the U.S. and Porsche from Germany, despite offering better performance than these prestigious brands.
- Xiaomi CEO Lei Jun passionately discussed his company's first EV, the SU7, unveiling the price of the sporty vehicle and technical specifications that surpass the American and German cars.
- The Xiaomi presentation in Beijing on March 28 lasted three hours, with the climax near the end when the price of the vehicle was displayed on screen, prompting applause from the audience.
Chinese warships at Cambodian base for months, CSIS analysis shows: SYDNEY -- Two Chinese warships have been present at Cambodia's Ream Naval Base for much ...
asia.nikkei.com/Politics/International-relations/Chinese-warships-at-Cambodian-base-for-months-CSIS-analysis-shows
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Over half of Southeast Asians would now prefer to align with China over the U.S., according to one survey.
One academic expert says that underlying data ... Show more asia.nikkei.com/Politics/International-relations/Majority-of-ASEAN-people-favor-China-over-U.S.-survey-finds
Bank of Thailand ignores Srettha's pressure to cut interest rate: BANGKOK -- When Thai Prime Minister Srettha Thavisin convened a meeting last week to ...
asia.nikkei.com/Spotlight/Market-Spotlight/Bank-of-Thailand-ignores-Srettha-s-pressure-to-cut-interest-rate
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Quick Glance: Bank of Thailand Resists Pressure Amid Economic Discussions
- The Thai Prime Minister is urging the Bank of Thailand to cut interest rates to stimulate the economy.
- Anticipating inflation growth, the central bank delegates baht-weakening issues to the government.
- During a meeting to address the flagship stimulus program, the Prime Minister requested the presence of the Bank of Thailand's governor.
Japan’s Nikkei Ends Higher as Profit-Taking in New Fiscal Year Ends (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240404-178517/
Indian business leader hopes more young Indians work in Japan: TOKYO -- An Indian business leader has pledged to promote a sharp increase in the number of ...
asia.nikkei.com/Spotlight/Japan-immigration/Indian-business-leader-hopes-more-young-Indians-work-in-Japan
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Japan's data centers are a hot target for Singapore's real estate investment trusts.
"By raising exposure to data centers ... Show more asia.nikkei.com/Spotlight/Market-Spotlight/Singapore-REITs-snap-up-Japan-data-centers-amid-AI-boom
Chinese exodus leaves Cambodia boomtown with 500 'ghost buildings'
An exodus of Chinese real estate companies has left the Cambodian seaside resort of ... Show more #nikkeiasia #nikkei #film #video #Cambodia #China #ghostbuildings #beltandroad
Sri Lanka's debt repayments to be suspended until 2028: NEW DELHI -- Sri Lanka and a group of its creditors are in final negotiations to suspend debt repayments ...
asia.nikkei.com/Spotlight/Sri-Lanka-crisis/Sri-Lanka-s-debt-repayments-to-be-suspended-until-2028
'Godfather of AI' speaks on threat of tech surpassing humanity: TORONTO, Canada -- Artificial intelligence continues to evolve at an astounding pace ...
asia.nikkei.com/Business/Technology/Godfather-of-AI-speaks-on-threat-of-tech-surpassing-humanity
Japanese valuations continue to appeal despite strong run, investors say: Many expect a further rally on the back of still-attractive valuations ...
theglobeandmail.com/investing/article-japanese-valuations-continue-to-appeal-despite-strong-run-investors/
Konica Minolta Jumps on Report of Job Cuts in Office Equipment: Shares of Konica Minolta Inc. jumped as much as 9.2% after the Nikkei reported the office ...
bloomberg.com/news/articles/2024-04-04/konica-minolta-jumps-on-report-of-job-cuts-in-office-equipment
TSMC to partner with Kyushu University on chip personnel, research: FUKUOKA, Japan -- Taiwan Semiconductor Manufacturing Co. is expected to reach a preliminary ...
asia.nikkei.com/Business/Tech/Semiconductors/TSMC-to-partner-with-Kyushu-University-on-chip-personnel-research
China's property crisis hits small regional banks harder than big players: HONG KONG -- China's property crisis is taking a particularly heavy toll on small ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-property-crisis-hits-small-regional-banks-harder-than-big-players
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India kicks off its general election on Friday, with opposition parties struggling to mount a stiff challenge against Prime Minister Narendra Modi's Bharatiya ... Show more asia.nikkei.com/Politics/India-elections/Four-politicians-to-watch-in-Indian-elections-Modi-is-seen-to-win
Quick Glance: Modi's Personality Cult Boosts Third Term Chances
- Experts suggest that India's Prime Minister Narendra Modi is likely to secure a third term in office due to his personality cult.
- Surveys indicate Modi's popularity at 78% approval, portraying him as a strong and capable leader.
- Experts note the lack of a clear opposition platform to effectively counter Modi's ideas and leadership.
- Critics fear Modi's potential to further authoritarianism and undermine India's democratic norms with another term in office.
South Korea ruling party, government reel after electoral drubbing: SEOUL -- A resounding electoral defeat for South Korean President Yoon Suk Yeol's ruling ...
asia.nikkei.com/Spotlight/South-Korea-election/South-Korea-ruling-party-government-reel-after-electoral-drubbing
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Quick Glance: South Korea’s ‘Luke Skywalker’ Triumphs Against President Yoon
- Former minister Cho Kuk aids in leftwing alliance's electoral victory
- Former justice minister Cho Kuk, convicted on corruption charges, played a pivotal role in the defeat of conservative President Yoon Suk Yeol in parliamentary elections.
- Cho calls for Yoon and PPP leader Han Dong-hoon, both former prosecutors, to be held accountable for abuse of power.
- The leftwing alliance narrowly missed the 200-seat mark that would have allowed them to bypass a presidential veto. Yoon now faces over three years as a lame duck, while the country heads towards more than three years of stagnation.
OpenAI seeks to collaborate with Japan's semiconductor industry: TOKYO -- OpenAI, known for its ChatGPT generative artificial intelligence platform ...
asia.nikkei.com/Business/Technology/OpenAI-seeks-to-collaborate-with-Japan-s-semiconductor-industry
The latest issue of Nikkei Asia magazine is out. Check out what's inside.
CHINA'S TECH TRAP
How Beijing's leading tech companies ensnare workers in a maze of ... Show more asia.nikkei.com/Print-Edition/Issue-2024-04-04
Japan eyes hydrogen production using next-gen nuclear reactor: TOKYO -- The Japanese government plans to start field testing clean hydrogen production using ...
asia.nikkei.com/Business/Energy/Japan-eyes-hydrogen-production-using-next-gen-nuclear-reactor
NIKKEI Film: The power of fully driverless taxis in China : ...
asia.nikkei.com/Business/Automobiles/NIKKEI-Film-The-power-of-fully-driverless-taxis-in-China
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Japan to set fiscal 2040 energy mix goal to spur investments: TOKYO -- Japan plans to set fiscal 2040 targets for renewables and other energy sources in the ...
asia.nikkei.com/Business/Energy/Japan-to-set-fiscal-2040-energy-mix-goal-to-spur-investments
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Japan’s Nikkei Climbs 1.5% as Investors Scoop Up Beaten-Down Stocks (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240408-179223/
Japan Considers Emissions Cuts in New Energy Plan, Says Nikkei: Japan will consider slashing emissions 66% by fiscal year 2035, from 2013 levels ...
bloomberg.com/news/articles/2024-04-15/japan-considers-emissions-cuts-in-new-energy-plan-says-nikkei
Japan to raise fines for app store monopolies to 20% of sales: TOKYO -- Japan plans to increase a penalty for monopolistic practices by tech companies ...
asia.nikkei.com/Business/Technology/Japan-to-raise-fines-for-app-store-monopolies-to-20-of-sales
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Watami to buy U.S.-based Sonny Sushi for $6m: TOKYO -- Japan's Watami will acquire U.S.-based Sonny Sushi, which supplies sushi products to supermarkets and ...
asia.nikkei.com/Business/Business-deals/Watami-to-buy-U.S.-based-Sonny-Sushi-for-6m
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Japan, U.S., Philippines to cooperate in clean energy, chips: Kishida: TOKYO -- Japan, the U.S. and the Philippines will work together in areas ...
asia.nikkei.com/Editor-s-Picks/Interview/Japan-U.S.-Philippines-to-cooperate-in-clean-energy-chips-Kishida
Eyeing third term, India's Modi jabs opposition over Sri Lankan islet
Leader accuses Congress party of 'callously' ceding island in 1970s: asia.nikkei.com/Politics/International-relations/Eyeing-third-term-India-s-Modi-jabs-opposition-over-Sri-Lankan-islet
Foreign Investors Snap Up Japanese Stocks for Bargains
japannews.yomiuri.co.jp/news-services/reuters/20240411-179935/
Shin-Etsu to bolster chip supply chain with first Japan plant in 56 years: TOKYO -- Shin-Etsu Chemical will build its first new plant in Japan in 56 years ...
asia.nikkei.com/Business/Tech/Semiconductors/Shin-Etsu-to-bolster-chip-supply-chain-with-first-Japan-plant-in-56-years
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Japan’s Nikkei Slips in Choppy Session as Caution Prevails
japannews.yomiuri.co.jp/news-services/reuters/20240417-180889/
Japan’s Nikkei Ends Higher as Chip Shares Track US Tech Stocks, Fast Retailing Weighs (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240412-180011/
Kobayashi Pharma's supplement sales plunge after deaths from tainted product: TOKYO -- Sales of some Kobayashi Pharmaceutical products have plummeted 30% to 40% ...
asia.nikkei.com/Business/Pharmaceuticals/Kobayashi-Pharma-s-supplement-sales-plunge-after-deaths-from-tainted-product
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South Korea stocks see record foreign buying on appetite for chips: SEOUL -- South Korean stocks saw net purchases by foreign investors triple on the year in ...
asia.nikkei.com/Business/Markets/South-Korea-stocks-see-record-foreign-buying-on-appetite-for-chips
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Japan's labor pool is running dry.
The country "has nearly reached the limit of being able to offset the decline in workers with women and older ... Show more asia.nikkei.com/Spotlight/Work/Japan-is-running-out-of-people-on-sidelines-of-job-market
Japan's Terra Charge starts selling EV chargers in India: MUMBAI -- Terra Charge, a Tokyo-based provider of electric vehicle charging services ...
asia.nikkei.com/Business/Automobiles/Japan-s-Terra-Charge-starts-selling-EV-chargers-in-India
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Analysis: Xi Jinping's latest purge hints property crisis has reached inner circle
asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-Xi-Jinping-s-latest-purge-hints-property-crisis-has-reached-inner-circle
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Following an economic slowdown, Beijing began to prioritize creating a more favorable business environment but this meant less emphasis on workers' rights ... Show more asia.nikkei.com/Spotlight/The-Big-Story/China-s-tech-workers-trapped-in-jobs-by-noncompete-contracts
Japan’s Nikkei Ekes Out Gains as Profit-Taking, Yen Risk Weigh (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240402-178085/
Japan’s Nikkei drops 1%on Uniqlo owner tumble, Wall Street slide (UPDATE 1)
japannews.yomiuri.co.jp/news-services/reuters/20240403-178306/
Japan's Dai-ichi Life keeps unsolicited bids on table in growth plan: CEO : TOKYO -- More unsolicited acquisitions are an option for Dai-ichi Life Holdings as it ...
asia.nikkei.com/Business/Insurance/Japan-s-Dai-ichi-Life-keeps-unsolicited-bids-on-table-in-growth-plan-CEO
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International community must make every effort to end Gaza fighting: Six months have passed since Hamas, the militant group that controls the Palestinian ...
asia.nikkei.com/Opinion/The-Nikkei-View/International-community-must-make-every-effort-to-end-Gaza-fighting
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South Korean parties target 'semiconductor belt' ahead of election: SEOUL -- With South Korea's parliamentary election less than a week away ...
asia.nikkei.com/Spotlight/South-Korea-election/South-Korean-parties-target-semiconductor-belt-ahead-of-election
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Analysis: Why Xi and Biden chose the same day to send a message on Taiwan: Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei ...
asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-Why-Xi-and-Biden-chose-the-same-day-to-send-a-message-on-Taiwan
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Microsoft will pour billions of dollars into Japan AI data centers : Microsoft's largest investment in Japan includes AI training for 3 million workers and a $9 ...
businessinsider.com/microsoft-invest-billions-into-japan-ai-data-centers-2024-4
Nikkei leads Asia higher as yen slips; commodities on a roll: Asian shares rallied on Thursday as U.S. rate cuts remained on the menu, even if their timing was ...
reuters.com/markets/global-markets-wrapup-1-2024-04-04/
Trump's grip on Republican Party 'temporary': ex-U.S. Speaker Ryan: WASHINGTON -- Retired U.S. Congressman Paul Ryan sees an end to former President Donald ...
asia.nikkei.com/Editor-s-Picks/Interview/Trump-s-grip-on-Republican-Party-temporary-ex-U.S.-Speaker-Ryan
The latest issue of Nikkei Asia magazine is out. Check out what's inside.
CHINA'S TECH TRAP
How Beijing's leading tech companies ensnare workers in a maze of ... Show more asia.nikkei.com/Print-Edition/Issue-2024-04-04
Japan's official statistics miss the depth of the labor shortage: TOKYO -- Japan's official job statistics no longer reflect the true state of the ...
asia.nikkei.com/Spotlight/Datawatch/Japan-s-official-statistics-miss-the-depth-of-the-labor-shortage
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