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TOKYO, Dec 29, 2023 (AFP) – Tokyo’s benchmark Nikkei 225 index gained 28.2 percent in 2023, its best yearly performance in a decade. The Nikkei closed down 0.22 percent, or 75.45 points, at 33,464.17 on Friday, the final trading day of the year ahead of a lengthy New Year’s holiday break. “Warren Buffett’s comments triggered a reappraisal of Japanese equities” in 2023, senior market analyst Masayuki Doshida of Rakuten Securities said, referring to the US […]
Japan’s space agency announced Thursday it will launch its next-generation H3 rocket in February after two failed attempts early this year. The rocket, billed as a flexible and cost-effective new flagship, is scheduled to lift off between 9:22 am and 1:06 pm (0022 and 0406 GMT) on February 15 from the southern island of Tanegashima, the Japan Aerospace Exploration Agency (JAXA) said in a press release. The third launch attempt comes after the spacecraft was […]
TOKYO, Dec 25, 2023 (AFP) – Japan’s SLIM space probe entered the Moon’s orbit on Monday in a major step towards the country’s first successful lunar landing, expected next month. The Smart Lander for Investigating Moon (SLIM) is nicknamed the “Moon Sniper” because it is designed to land within 100 metres (328 feet) of a specific target on the lunar surface. If successful, the touchdown would make Japan only the fifth country to have successfully […]
WASHINGTON, Dec 23, 2023 (AFP) – A proposed deal that would see US Steel Corp bought by Japan’s Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. Unveiling the planned transaction this week, the two companies depicted the deal as a marriage of the holders of top technologies that would boost steel output and accelerate efforts toward decarbonization. But US Steel’s possible sale […]
TOKYO, Dec 23, 2023 (AFP) – Japan loosened arms export controls Friday to enable it to sell domestically made Patriot missiles to the United States, which is seeking to stock up after sending the weapon systems to Ukraine. Washington has supplied Kyiv with the highly-effective Patriot air defence systems as part of the massive Western military aid effort to help President Volodymyr Zelensky’s country fight back against Russia’s invasion. “We welcome the Government […]
TOKYO, Dec 23, 2023 (AFP) – Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise with China and North Korea. The 7.95 trillion yen ($56 billion) draft budget for the 2024-25 fiscal year was approved by the cabinet, in line with Prime Minister Fumio Kishida’s pledge to raise defence spending over the next few years. Japan has a pacifist post-war constitution, which limits its military capacity […]
TOKYO, Dec 22, 2023 (AFP) – Japanese consumer inflation slowed to 2.5 percent year-on-year in November, down from 2.9 percent the previous month, as electricity and gas bills declined, government data showed Friday. The figure for the world’s third-largest economy, which excludes volatile fresh food prices, was in line with market expectations in a Bloomberg survey. It is the lowest increase in prices since July 2022, as electricity and gas bills declined while the cost […]
SEOUL, Dec 21, 2023 (AFP) – South Korea’s highest court upheld on Thursday rulings by lower courts that ordered two Japanese companies to compensate South Korean victims of wartime forced labour. Relations between the two US allies have long been testy due to bitter memories of Japan’s brutal occupation of the Korean peninsula from 1910 to 1945. However, ties have been improving as the conservative government of President Yoon Suk Yeol has sought to bury […]
TOKYO, Dec 21, 2023 (AFP) – Sales of Sony’s PlayStation 5 have crossed 50 million units, the Japanese electronics giant said, pointing to “strong momentum” this year for its flagship gaming console. The PS5 was launched in November 2020, with the world in the grip of the Covid pandemic, and its sales initially suffered because of widespread supply chain problems and a global chip shortage. Still, the PS5 reached the 50-million-unit milestone in almost the […]
TOKYO, Dec 21, 2023 (AFP) – Shares in Japanese auto titan Toyota dived Thursday as a rigged safety test scandal builds at subsidiary Daihatsu, and after it recalled a million vehicles in the United States over airbag safety concerns. Daihatsu said Wednesday it would suspend domestic and overseas shipments of all its vehicles in light of an independent panel’s report that found it had been manipulating tests as long ago as 1989. Toyota expressed its […]
By Simon Sturdee and Harumi Ozawa KARUIZAWA, Japan, Dec 21, 2023 (AFP) – Thousands of bears are being shot in Japan each year as they become more and more of a problem. Junpei Tanaka and his dog Rela, straining at her leash in the woods, have a kinder, smarter way. People moving from rural areas and Japan’s ageing society — plus climate change affecting bears’ food and hibernation time — are prompting ever more of […]
TOKYO, Dec 21, 2023 (AFP) – Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles. The independent probe found the malpractice dated back to 1989 and led Toyota to express its “sincere apologies” and pledge to carry out “a fundamental reform”. The panel was set up […]
