Japan PM Announces Exit as Rivals Push for New Leadership
The decision for leadership change within Japan’s Liberal Democratic Party (LDP) comes less than a year after 68-year-old Ishiba took charge of the long-dominant party. Recently, he lost his majority in both houses of parliament, prompting discussions about his future as party leader. According to NHK, Ishiba decided to step
Japan Wins $6.5B Warship Contract with Australia
Japan finalized a groundbreaking A$10 billion ($6.5 billion) contract to build warships for Australia on Tuesday, representing its largest defense export since ending its military export restrictions in 2014. The agreement highlights Tokyo’s move away from postwar pacifism toward countering China’s expanding influence. As part of the agreement, Mitsubishi Heavy
Workers Obtain Another Big Pay Hike in Labour-Starved Japan
Japanese firms have settled on a 5.25% increase in average wage this year, and this is the highest increment in 34 years and the third successive high-growth year. This comes in reaction to extreme labor shortages and attempts to cushion the workers against inflation. The last increase of wages by
Japan Business Sentiment Improves Despite Tariff Concerns
Contrary to popular belief, confidence among Japanese large manufacturers rose unexpectedly in June as compared to March, according to the Bank of Japan’s quarterly Tankan Survey. The headline index for big manufacturers’ business confidence climbed to +13 in June, up from +12 in March, surpassing market forecasts of +10. This
Japanese Hotel Group Metaplanet Plans to Buy Bitcoin Worth $5 Billion
According to the Financial Times, Japanese hotel group Metaplanet has announced plans to purchase $5 billion of Bitcoin. The company is following Michael Saylor’s strategy and becoming a corporate cryptocurrency bank. Metaplanet also decided to increase its Bitcoin treasury by over 20 times, approximately 210 thousand units of the cryptocurrency
Labour Codes in Asia: Want to Know Your Rights? Read Here
A country’s workforce is its backbone. But recently, countless instances have been recorded where the workforce is not given its due and exploited by billion-dollar enterprises. Recently, a case emerged from India where an engineer named Nikhil Somwanshi committed suicide because of the work pressure his company was putting on
Trump’s Energy Council Eyes Asian Backing for Alaska LNG Project
In a major push for U.S. energy dominance, President Donald Trump’s Energy Security Council is planning a high-stakes summit in Alaska in early June. The goal? To secure official commitments from Japan and South Korea for the $44 billion Alaska LNG project, according to a source familiar with the planning.
IMF Downgrades Asian Growth Forecasts Amid Trade Chaos
In a world where markets crave clarity, the latest forecast from the International Monetary Fund (IMF) reads more like a warning signal. On Tuesday, the IMF revised its 2025 economic growth projections for Asia’s powerhouse economies — and it wasn’t pretty. China’s GDP is now expected to grow at just
Google’s Android Search Tactics Declared Illegal in Japan
Japan’s competition watchdog is turning up the heat on Big Tech. On Tuesday, the Japan Fair Trade Commission (JFTC) issued a cease-and-desist order to Google, accusing the tech giant of unfair business practices related to search services on Android devices. This decisive move echoes antitrust actions already underway in the
7-Eleven Owner Rejects $38B Takeover Bid from Canadian Rival
In a bold move, Japan’s Seven & i Holdings, the owner of the global convenience store giant 7-Eleven, has turned down a $38 billion takeover offer from Canadian retail powerhouse Alimentation Couche-Tard (ACT), calling the bid “opportunistically timed” and far below the company’s true value. In a letter to ACT,
