Japan To Invest 50 Trillion Yen in Chip Manufacturing
Prime Minister of Japan, Shigeru Ishiba, announced a new plan to revive the nation’s chip manufacturing capabilities. According to CNBC, the proposal plans to invest 10 trillion Yen or $65 billion by the end of the fiscal year 2030 in Japan’s semiconductor and artificial intelligence industries. Moreover, according to the
Japan Unveils Massive $65B Strategy for Chip Development
Japanese Prime Minister Shigeru Ishiba announced a $65 billion initiative on Monday to strengthen Japan’s chip and artificial intelligence sectors through subsidies and various financial incentives. The program, set to deliver support totalling 10 trillion yen (approximately $65 billion) by the fiscal year 2030, reflects a global push by nations
Keppel’s Ambitious Move: Plans To Buy Tokyo Data Hub
On Tuesday, Singapore’s Keppel announced an agreement to acquire an AI-ready data centre facility in Tokyo under development by Japan’s largest property group, Mitsui Fudosan. This deal follows Keppel’s announcement less than two weeks ago of its intention to more than double its data centre assets under management from the
Yoon And Ishiba Strategic Meeting At ASEAN Summit
South Korean President and Japan’s Prime Minister Shigeru Ishiba are set to hold their first meeting on the sidelines of the ASEAN (Association of Southeast Asian Nations) conference. With this summit, both nations seek to deepen security and economic ties. This is the first meeting since Ishiba took office on
Election Results Trigger 4% Dip in Japan’s Stock Market
Japan’s stock market crashed sharply after Japan’s Liberal Democratic Party elected Shigeru Ishiba as the country’s next prime minister. According to the New York Times, Japan’s Nikkei 225 index fell by 4% in early trading sessions of Monday. Mr Ishiba defeated Sanae Takaichi, a disciple of Shinzo Abe who remains
Japan’s Elderly Population Risen To All-Time High
Government data released after the ‘Respect for the Aged Day‘ event showed that Japan’s elderly population had risen to an all-time high of 36.25 million. While the country’s overall population is declining, the segment of those aged above has grown to 29.3% of the population, the highest number in any
South Korean Jobs Data Puts Asia-Pacific Market On Risk
The Asia-Pacific market saw a notable decline on Wednesday as investors used the latest unemployment data from South Korea. The South Korean government released its August unemployment report, showing a slight uptick in job rates, which fueled investors’ uncertainty and led to a cautious approach across regional stock exchanges. This
Nikkei Falls 2.4% as Global Markets React to U.S. Slowdown
Asian share markets experienced a significant slide on Monday, September 9, 2024, amid concerns about a potential U.S. economic downturn, which had already impacted Wall Street. Japan’s Nikkei index felt the effects the most, falling 2.4% more on top of a nearly 6% decline the previous week, driven primarily by
Japan’s Seven & I Rejects Couche-Tard’s $38.5 Billion Offer
One of the major Japanese retailers, Seven & I Holdings Co., plans to turn down the takeover bid that the giant store in Canada proposes, Alimentation Couche-Tard Inc., as the offer price is not high enough for acceptance. The company’s board concluded that the deal didn’t benefit the shareholders, so
Carlyle Group Inc. Delays Asia Buyout Funds
Carlyle Group Inc. put a hold on closing a new pan-Asian buyout as the demand for Japan-focused vehicles has syphoned off investor interest, as per the individuals aware of this matter The Washington-based firm has asked for an extension on closing its 6th regional buyout fund. Since its launch two