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Yen breaks ¥160 to the dollar amid rising oil prices
Businessjapan-times4h ago

Yen breaks ¥160 to the dollar amid rising oil prices

The Japanese yen has fallen to its weakest level since July 2024, trading at ¥160 to the dollar, a level that could prompt currency market intervention. This depreciation comes as Brent crude oil prices reach $120 a barrel.

Tokyo Mountain Festival Marks Arrival of Spring
Worldjapan-times5h ago

Tokyo Mountain Festival Marks Arrival of Spring

The Hinode Sai, or Sunrise Festival, is being celebrated high above Tokyo on Mount Mitake to mark the arrival of spring. The festival is believed to have originated from wandering ascetics seeking enlightenment.

Businessbloombergstraits-times22h ago2 sources

Japan Confirms Hormuz Transit Amid Iran Talks

Japan's Prime Minister has confirmed the country's continued transit through the Strait of Hormuz, even as diplomatic talks with Iran are ongoing. This statement comes amidst regional tensions.

Japan to Pass Bill Raising Immigration Fees
Worldjapan-times1d ago

Japan to Pass Bill Raising Immigration Fees

Japan is expected to pass a bill that will raise immigration fees. If approved by the House of Councilors, the new fees would be implemented within the current fiscal year, which concludes next March.

Bank of Japan Holds Rates, Raises Inflation Forecast Amid War Worries
BusinessReutersbloombergFT+12cnbcNHK Worldmarketwatchil-sole-24-orejapan-timeschannel-news-asianewsbeastseeking-alpha+4 more1d ago15 sources

Bank of Japan Holds Rates, Raises Inflation Forecast Amid War Worries

The Bank of Japan decided to keep its key interest rates unchanged but raised its inflation forecast, signaling a 'hawkish hold' stance. This decision, influenced by concerns over global conflicts, led to a strengthening of the yen and a split vote among policymakers.

Financebloombergyonhap-englishseeking-alpha2d ago3 sources

Asian Markets Mixed as BOJ Holds Rates Amid Tech Rally and Oil Surge

Asian stock markets are showing mixed performance, with Seoul stocks boosted by a tech rally, while broader markets remain subdued as investors await earnings. The Bank of Japan's decision to hold rates and a surge in oil prices are also influencing market sentiment, testing Wall Street's record momentum.

Magnitude 6.2 Earthquake Strikes Japan's Hokkaido Island
ScienceAPruvaftonbladet+21le-figaroSCMPNHK Worldorfmorgunbladiddelfi-ltdigi24index-hr+13 more2d ago24 sources

Magnitude 6.2 Earthquake Strikes Japan's Hokkaido Island

A powerful earthquake with a magnitude of 6.1 to 6.2 struck Japan's northern island of Hokkaido. Authorities reported no tsunami warning was issued and there were no immediate reports of significant damage or casualties.

BGO Sells Tokyo Office Building for $628 Million
Businessjapan-times2d ago

BGO Sells Tokyo Office Building for $628 Million

Tokyo-based developer Goldcrest has sold the Pasona Square office building in Aoyama for approximately $628 million. The property was acquired by a condo seller in a significant real estate transaction.

Japan PM Takaichi Rules Out Extra Budget for Now
Businessstraits-timeschannel-news-asia3d ago2 sources

Japan PM Takaichi Rules Out Extra Budget for Now

Japanese Prime Minister Sanae Takaichi has stated that she is ruling out an extra budget for the time being. This decision indicates a cautious approach to fiscal policy amidst current economic conditions.

SoftBank Plans US Listing for New AI and Robotics Firm Roze
BusinessReutersFTcnbc+2japan-timeschannel-news-asia1h ago5 sources

SoftBank Plans US Listing for New AI and Robotics Firm Roze

SoftBank is reportedly planning to list its new artificial intelligence and robotics spinout, named Roze, in the United States. The potential US IPO could value the new company at an estimated $100 billion.

BOJ Locks In June Rate Hike
Worldchannel-news-asia8h ago

BOJ Locks In June Rate Hike

The Bank of Japan has committed to a June interest rate hike, a move described as a risky bet on the economic outlook.

Elliott Management Acquires 5% Stake in Nippon Express
Financebloombergjapan-timeschannel-news-asia2d ago3 sources

Elliott Management Acquires 5% Stake in Nippon Express

Nippon Express shares surged after activist investor Elliott Management disclosed it had acquired a 5% stake in the Japanese logistics company. This move marks Elliott's latest significant investment in Japan.

Daiwa to Acquire Orix Bank for $2.3 Billion to Expand Lending
Financejapan-times2d ago

Daiwa to Acquire Orix Bank for $2.3 Billion to Expand Lending

Daiwa Securities Group is set to acquire Orix Bank for $2.3 billion, a move aimed at expanding its lending operations. The merger will create an entity with approximately ¥9 trillion in total assets, with plans to increase deposits by over ¥2 trillion in the next five years.

Wildfires Rage in Northern Japan, Firefighters Deployed
EnvironmentReutersdelfi-ltstraits-times+1japan-times2d ago4 sources

Wildfires Rage in Northern Japan, Firefighters Deployed

Large wildfires are currently raging across northern Japan, prompting the deployment of hundreds of firefighters to combat the blazes. One notable effort involves a tsunami survivor actively battling a wildfire to protect his hometown in Iwate Prefecture.

Financenikkei-asiaseeking-alpha3d ago2 sources

Japan's Nikkei Index Reaches New Record High

Japan's Nikkei stock average surged, eclipsing the 60,000 mark and setting a new record high. This rise contributed to generally higher trading across Asian indexes.

Citi's Japan Banking Head Aims for Expansion
Financejapan-times4h ago

Citi's Japan Banking Head Aims for Expansion

Citi's Japan banking head is pursuing double-digit revenue growth in client-driven businesses and aims for the bank to be among the top three foreign banks in key Japanese operations.

TXT to Livestream Concerts Globally
CultureKorea Herald5h ago

TXT to Livestream Concerts Globally

K-pop group Tomorrow X Together (TXT) announced they will offer live viewings of their upcoming concert in Nagoya, Japan, to fans in 53 regions worldwide, including Korea, the US, and Canada.

Japan Zoo Employee Accused of Incinerating Wife's Body
CultureBBCle-figaroSCMP+6morgunbladidindex-hr24urchannel-news-asiamalay-mailmyjoyonline17h ago9 sources

Japan Zoo Employee Accused of Incinerating Wife's Body

A zoo employee in Japan is under police investigation for allegedly disposing of his wife's body in an animal incinerator at the facility. The incident has led to the zoo in Hokkaido delaying its reopening as authorities search for remains.

Analysis: Remilitarized Japan Poses Threat Beyond China
PoliticsSCMP1d ago

Analysis: Remilitarized Japan Poses Threat Beyond China

An analysis suggests that Japan's increasing remilitarization could have broader implications and pose threats not only to China but also to regional stability. The article discusses the exercise of navigation rights by the US and its allies.

Denso Reports FY2026 Growth, UPS Plans Revenue Rebound
BusinesswsjYahoo1d ago2 sources

Denso Reports FY2026 Growth, UPS Plans Revenue Rebound

Denso has announced growth in its fiscal year 2026 revenue and profit, indicating a positive financial performance. Meanwhile, UPS is actively planning a return to growth after experiencing a decline in its profit and revenue.

Bots Outperform Humans in Prediction Market Trading
Financebloombergjapan-times1d ago2 sources

Bots Outperform Humans in Prediction Market Trading

Reports indicate that most human traders in prediction markets are losing money, while automated bots are consistently racking up gains. This trend highlights the growing influence of AI in financial forecasting.

Nissan shares rise after carmaker revises profit forecast
Businessjapan-times2d ago

Nissan shares rise after carmaker revises profit forecast

Nissan revised its financial forecast from an anticipated loss to a profit, causing its shares to rise. The carmaker cited the removal of U.S. emissions-related charges, a favorable foreign-exchange impact, and improved cost performance for the positive outlook.

Takaichi Sends Letter to Philippine President via Ex-PM Kishida
Worldjapan-times2d ago

Takaichi Sends Letter to Philippine President via Ex-PM Kishida

Amid lingering tensions in the Middle East, Takaichi has entrusted former Prime Minister Kishida with a letter for the Philippine president. The move aims to accelerate cooperation between Japan and the Philippines, particularly in energy and other fields.

Nissan Raises Fiscal Year Profit Forecast
Financechannel-news-asia2d ago

Nissan Raises Fiscal Year Profit Forecast

Nissan announced it would revise its financial outlook, moving from a previously forecast loss to an expected profit for the fiscal year. The automaker raised its operating profit forecast.

CJ Olive Young to Host K-Beauty Festival in Japan
CultureKorea Herald3d ago

CJ Olive Young to Host K-Beauty Festival in Japan

CJ Olive Young is expanding its global reach by launching its first K-beauty festival tour in Japan next month. The 'Olive Young Festa Japan 2026' will take place from May 8 to 10 at Makuhari Messe in Chiba.

Japan Deploys 1,400 Firefighters to Battle Raging Northern Wildfires
EnvironmentSCMPrzeczpospolitatvn24+10publicoYahoohotnewsirish-timesstraits-timesDawnjapan-timesjerusalem-post+2 more3d ago13 sources

Japan Deploys 1,400 Firefighters to Battle Raging Northern Wildfires

Over 1,400 firefighters have been deployed to northern Japan, including Iwate prefecture, to combat extensive wildfires that have been burning for days and forced thousands of residents to evacuate.