Asian Automobile Industry Struggles Under Trump Regime
Shares of Japanese automakers and South Korean battery manufacturers fell on 21-01-2025 following U.S. President Donald Trump’s statement that he could soon impose a 25% tariff on Canada and Mexico, along with his decision to revoke the previous administration’s executive order on electric vehicles. However, Chinese manufacturers saw a different
7-Eleven Owner’s Foreign Takeover Sparks Alarm in Japan
In the recent turn of events, the economic minister of Japan flagged the potential foreign acquisition of its retail giant Seven & i. According to Reuters, the Japanese Economy Minister, Ryosei Akazawa, was the first senior official to comment on the $47 billion buyout offer by Canada’s Alimentation Couche-Tard. Moreover,
Japan’s High-Speed Fibre is Heading to the USA!
Recently, Tokyo announced that it will promote light-based telecommunications technology to U.S. tech giants. According to Nikkei Asia, the Ministry of Internal Affairs and Communication will extend its support to Japanese companies like Nippon Telegraph & Telephone and tech group Fujitsu, which are candidates for participation in opening a demonstration
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
