16,700 Filipinos and Americans to enhance interoperability in annual Balikatan exerciseThe Philippines has gradually shifted its approach to focusing on ... Show more asia.nikkei.com/Politics/International-relations/South-China-Sea/Philippines-and-U.S.-to-sink-ships-in-South-China-Sea-drills2
Japanese companies navigate workplace revolution as job hunters get choosier
"Both my parents are working and seem devoted to their jobs, which I respect ... Show more asia.nikkei.com/Spotlight/The-Big-Story/Japanese-companies-navigate-workplace-revolution-as-job-hunters-get-choosier
China’s edge in flying cars and an Asian tag-team in AI: The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times
ft.com/content/096fef79-df19-4cf4-9502-a4154550eafc
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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Japan's Sumitomo plans $1.3 billion renewable power storage network, Nikkei reports
reuters.com/sustainability/japans-sumitomo-plans-13-billion-renewable-power-storage-network-nikkei-reports-2024-04-23/
Asahi Kasai to build EV battery component plant in Canada to supply Honda, Nikkei reports
reuters.com/business/autos-transportation/asahi-kasai-build-ev-battery-component-plant-canada-supply-honda-nikkei-reports-2024-04-24/
Japan’s Nikkei Ends 1% Higher after Sharp Fall; Chip-Related Shares Weigh (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240422-181774/
Military spending in East Asia expanded 6.2% on the year to $411 billion in 2023, a new report shows.asia.nikkei.com/Politics/Defense/East-Asia-military-spending-up-6.2-as-China-tensions-mount-report-shows
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
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
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
Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report : TOKYO: Japan’s Mitsui & Co. said on Tuesday nothing has been decided on a liquefied ...
arabnews.com/node/2497696/business-economy
SoftBank will reportedly invest nearly $1 billion in AI push, tapping Nvidia's chips
cnbc.com/2024/04/23/softbank-to-invest-millions-in-ai-push-tapping-nvidias-chips-nikkei.html
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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Japan's small EV battery suppliers feel the heat in race for scaleTokyo urges alliances to stay competitive but companies wary of giving up control amid ... Show more asia.nikkei.com/Business/Business-Spotlight/Japan-s-small-EV-battery-suppliers-feel-the-heat-in-race-for-scale
To beat China EVs, Honda supplier and ArcelorMittal look beyond gigacasting: TOKYO -- Honda Motor group supplier G-Tekt will partner with global steelmaking ...
asia.nikkei.com/Business/Automobiles/To-beat-China-EVs-Honda-supplier-and-ArcelorMittal-look-beyond-gigacasting
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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
Ten killed as two Malaysian military helicopters collide: asia.nikkei.com/Politics/Defense/Ten-killed-as-two-Malaysian-military-helicopters-collide
Quick Glance: Ten killed in collision of two Malaysian navy helicopters
- Ten people died on April 23 after two helicopters collided during a rehearsal for a Royal Malaysian Navy parade.
- The victims, seven men and three women, were all crew members aboard the aircraft.
- The helicopters, a Fennec M502-6 and a HOM M503-3, crashed during a flypast rehearsal.
- An investigation will determine the cause of the incident, and the navy's anniversary celebrations will be postponed.
Japan's benchmark stock index plunged over 3% on Friday after reports of Israel striking Iran's Isfahan with missiles.asia.nikkei.com/Business/Technology/Oracle-to-spend-over-8bn-to-build-more-data-centers-in-Japan
Honda near agreement with Canada on $6bn EV plant : TOKYO -- Honda Motor is set to reach an agreement with the Canadian government on a project to build a new ...
asia.nikkei.com/Business/Automobiles/Honda-near-agreement-with-Canada-on-6bn-EV-plant
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In China, Tesla's Model 3 was discounted 6% to 231,900 yuan ($32,000), the lowest since the redesigned sedan was rolled out last fall. asia.nikkei.com/Spotlight/Electric-cars-in-China/Tesla-price-cuts-in-China-spark-more-EV-discounts
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
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
Large Japanese banks are eager to expand their deposit bases as interest rates begin to rise again, but their efforts could deal a serious blow to their much ... Show more asia.nikkei.com/Spotlight/Datawatch/Japan-s-big-cities-become-magnets-for-inherited-rural-savings
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)
Nikkei Average Dives over 1,200 Points in Morning (Update 1)
japannews.yomiuri.co.jp/business/market/20240419-181238/
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’s Nikkei Rises but US Earnings Caution Caps Gains
japannews.yomiuri.co.jp/news-services/reuters/20240423-181986/
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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Japan’s Nikkei Closes above 38,000 Points as Tech Shares Soar (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240424-182090/
Japan insurers to halve bond purchases, awaiting next BOJ hike: TOKYO -- Japan's top life insurers plan to halve net purchases of Japanese government bonds ...
asia.nikkei.com/Business/Insurance/Japan-insurers-to-halve-bond-purchases-awaiting-next-BOJ-hike
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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Boeing wants to have flying cars by 2030: A company executive revealed the plans in a new interview
qz.com/boeing-wisk-autonomous-flying-cars-asia-2030-1851420651
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
Japan's Sumitomo plans $1.3bn power storage network for renewables: TOKYO -- Japanese trading house Sumitomo Corp. will spend 200 billion yen ($1 ...
asia.nikkei.com/Spotlight/Environment/Climate-Change/Japan-s-Sumitomo-plans-1.3bn-power-storage-network-for-renewables
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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
East Asia military spending up 6.2% as China tensions mount, report shows: TOKYO -- Military spending in East Asia expanded 6.2% on the year to $411 billion in ...
asia.nikkei.com/Politics/Defense/East-Asia-military-spending-up-6.2-as-China-tensions-mount-report-shows
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In Pictures: Japan's special residence visas give foreign children 'new lives': TOKYO -- Jasmine, a high-school student born in Japan to African parents ...
asia.nikkei.com/Spotlight/Japan-immigration/In-Pictures-Japan-s-special-residence-visas-give-foreign-children-new-lives
Japan tech prowess and Mideast money to keep driving Asia M&A: Citi exec: TOKYO -- The mergers and acquisitions market in Asia will grow in 2024 ...
asia.nikkei.com/Editor-s-Picks/Interview/Japan-tech-prowess-and-Mideast-money-to-keep-driving-Asia-M-A-Citi-exec
Chip stocks face correction as TSMC cuts industry outlook: TOKYO -- Semiconductor stocks worldwide are retreating from their recent surge as investors ...
asia.nikkei.com/Business/Tech/Semiconductors/Chip-stocks-face-correction-as-TSMC-cuts-industry-outlook
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Hyundais and houses: Japan electronics chain to sell EV-home bundles: TOKYO -- Yamada Holdings, the operator of Japan's largest home electronics retail ...
asia.nikkei.com/Business/Automobiles/Hyundais-and-houses-Japan-electronics-chain-to-sell-EV-home-bundles
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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
SK Hynix partners with TSMC to develop advanced AI chips: SEOUL/TAIPEI -- SK Hynix and Taiwan Semiconductor Manufacturing Co. aim to jointly develop advanced ...
asia.nikkei.com/Business/Technology/SK-Hynix-partners-with-TSMC-to-develop-advanced-AI-chips
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India opens world's biggest elections with lower house votingResults of the multistage poll will be tallied by early Juneasia.nikkei.com/Politics/India-elections/India-opens-world-s-biggest-elections-with-lower-house-voting
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/
Japan's Dai-ichi Life wants to maximize advantages of being listed: 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-wants-to-maximize-advantages-of-being-listed-CEO
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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
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 Kubota sees 'no need' for pessimism if Trump wins, executive says: TOKYO -- The heavy machinery industry could experience potential upsides ...
asia.nikkei.com/Editor-s-Picks/Interview/Japan-s-Kubota-sees-no-need-for-pessimism-if-Trump-wins-executive-says
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Japan’s Nikkei Snaps Losing Streak as Chip-Sector Stocks Rebound (Update 1)
japannews.yomiuri.co.jp/news-services/reuters/20240418-181059/
Japan's Sekisui House buys U.S. homebuilder MDC for $4.9bn: OSAKA -- Japanese homebuilder Sekisui House said Friday that it completed a roughly $4 ...
asia.nikkei.com/Business/Business-deals/Japan-s-Sekisui-House-buys-U.S.-homebuilder-MDC-for-4.9bn
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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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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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Japan and Brazil to sign decarbonization deal at May summit: TOKYO -- Japanese Prime Minister Fumio Kishida is expected to sign a cooperation deal on ...
asia.nikkei.com/Politics/International-relations/Japan-and-Brazil-to-sign-decarbonization-deal-at-May-summit
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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.
India opens world's biggest elections with lower house votingResults of the multistage poll will be tallied by early Juneasia.nikkei.com/Politics/India-elections/India-opens-world-s-biggest-elections-with-lower-house-voting
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
Analysis: The ulterior motive behind Xi Jinping's latest military reforms: Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei ...
asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-The-ulterior-motive-behind-Xi-Jinping-s-latest-military-reforms
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China accelerates purge at state-owned companies to fight graft: BEIJING -- China has replaced more than three times as many top executives at state-owned ...
asia.nikkei.com/Business/Business-trends/China-accelerates-purge-at-state-owned-companies-to-fight-graft
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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/
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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Japan, Europe to link industrial data platforms for EV battery materials: FRANKFURT -- Japan and Europe will cooperate in recycling EV batteries by establishing ...
asia.nikkei.com/Spotlight/Supply-Chain/Japan-Europe-to-link-industrial-data-platforms-for-EV-battery-materials
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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
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
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