INSEAD-Day

Tokyo

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.
  • Tokyo, Japan -- Hundreds of rowdy spectators, many heavily tattooed, roared Monday at a Tokyo arena usually reserved for boxing -- except the contestants were not athletes, but barbers. A dozen Japanese and foreign contestants were taking part in the World Barber Classic, showing off their hairdressing skills surrounded by...
  • OpenAI comes to Asia

    The ChatGPT creator opens first Asian office in Tokyo.
  • Japan’s Moon craft SLIM revives after lunar night

    TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space agency said on Monday. The unmanned Smart Lander for Investigating Moon (SLIM) touched down last month at a wonky angle that left its solar panels facing the wrong way. As...
  • Asian markets up, Tokyo hits record as US tech earnings jump

    Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from US chip giant Nvidia. Highly anticipated earnings results from Nvidia beat expectations late Wednesday, with the firm reporting a quarterly profit of $12.3 billion on record-high revenue driven by demand...
  • Toyota to suspend shipments of 10 models due to testing irregularities

    Tokyo, Japan - Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at an affiliate company. The affiliate, Toyota Industries, did not conduct proper horsepower output testing for the certification of three diesel engine models, the parent group said. The automaker said the...
  • Japan literary laureate admits using ChatGPT for her novel

    TOKYO, JAPAN - The winner of Japan's most prestigious literary award has acknowledged that about "five percent" of her futuristic novel was penned by ChatGPT, saying generative AI had helped unlock her potential. Since the 2022 launch of ChatGPT, an easy-to-use AI chatbot that can deliver an essay upon request within...
  • Tokyo’s Nikkei climbs to its highest level since Mar 1990

    Tokyo, Japan - Tokyo stocks closed higher on Tuesday on the back of gains in US tech stocks, pushing the Nikkei index to a 33-year high. The benchmark Nikkei 225 index climbed 1.16 percent, or 385.76 points, to end at 33,763.18, while the broader Topix index added 0.82 percent, or 19.55...
  • Europe stocks rise, Asia tepid as oil jumps and Bitcoin shines

    Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central banks prepare a series of interest-rate cuts as inflation cools. Oil prices rallied 2.5 percent on supply concerns after Iran dispatched a warship to the Red Sea in response to...
  • Japan quake triggers tsunami waves, residents told to run

    A major 7.5 magnitude earthquake struck the Noto region in Ishikawa prefecture, the US Geological Survey (USGS) said. Japan's weather agency reported a succession of 21 quakes of 4.0 magnitude or stronger hitting the nation's central region in just over 90 minutes. Tsunami waves as high as 1.2 meters (four...
  • Japan’s Nippon to acquire US Steel

    Nippon Steel will also assume the US firm's debt.
  • UN flag at half mast in remembrance of 100 staff killed in Gaza

    In Geneva, the second-largest UN headquarters after New York, the UN flag on Monday flew at half-mast and none of the other flags of the 193 member countries were hoisted along the main alley of the compound.
  • Japan to invest $13 billion on semiconductors and generative AI

    Tokyo, Japan - Japan's government said on Friday that it plans to spend 2 trillion yen ($13 billion) to boost domestic production of strategically important semiconductors and generative AI technology. The planned outlays will include 700 billion yen ($4.6 billion) to support the construction of a Taiwan Semiconductor Manufacturing Company (TSMC)...
  • G7 supports ‘pause’ in Gaza war but stops short of calling for ceasefire

    "We stress the need for urgent action to address the deteriorating humanitarian crisis in Gaza... we support humanitarian pauses and corridors to facilitate urgently needed assistance, civilian movement, and the release of hostages," the ministers said in a joint statement after talks in Japan.
  • Stocks extend global rally as US jobs data cements rate hopes

    Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle. After a tough year for traders, the bank's decision last week to pause on monetary...
  • Robot maker dreams of turning sci-fi into reality

    Ryo Yoshida's monster-sized drivable robot is hard to park and the $3-million price tag will crush most wallets.
  • Error-prone AI chatbot dog leads Japan’s elderly astray

    Tokyo, Japan - A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is in the doghouse after providing error-laden responses. Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in a...
  • QatarEnergy inks pact with Marubeni

    QatarEnergy will supply naphtha to Marubeni for 10 years.
  • Saudi Arabia organizes trade mission to Japan to drive non-oil exports

    Riyadh, Saudi Arabia--The Saudi Export Development Authority organized a trade mission to Japan under the theme of "Saudi Made" in Tokyo on Tuesday. The mission comes as part of the Saudi Export Development Authority efforts aimed at developing non-oil Saudi exports, stemming from its role in promoting exporters and their...
  • Japan’s second-oldest museum forced to crowdfund to pay bills

    The museum in central Tokyo, which features a model of a blue whale outside, has previously turned to crowdfunding for three smaller projects, but the 100-million-yen goal was "the highest ever" for the institution, the head of the museum Shinoda said.
  • SoftBank Group Q1 loss $3bn

    The investment giant was hit by a drop in the share prices of major holdings.
  • Iran foreign minister’s Tokyo visit: Japan to raise Russia arms supply

    Tokyo, Japan - Iran's foreign minister visited Japan on Monday for the first time since 2019, in a rare trip to a G7 member country by the Islamic republic's top diplomat. The purpose of the visit by Hossein Amir-Abdollahian to the current chair of the G7 was not announced, but reports...
  • Nissan Q1 net profit $750m

    Results due to better sales in Japan, North America.
  • Japan fund to buy out JSR

    Japan Investment Corporation hopes to finalize the deal by December.
  • UAE and Japan look to boost ‘strategic’ relations with focus on energy

    Tokyo, Japan-- The UAE and Japan have discussed ways to strengthen the strategic partnership with a sharp focus on the energy ties between the two countries. The discussion was held in a meeting between the UAE Foreign Minister Sheikh Abdullah bin Zayed and Japan's Prime Minister Fumio Kishida in Tokyo,...
  • Japan, South Korea eye detente as North Korea threat looms

    Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats. Kishida was in Seoul on the first official bilateral visit by a Japanese leader to South Korea...
  • Tokyo firm loses contact with lander carrying UAE’s moon explorer

    The UAE-made Rashid Rover aboard the Hakuto Mission 1 Lunar lander was nearing its destination on the Moon when the team on the ground lost contact with the spacecraft. The lunar lander was expected to touch down at 8:40 PM UAE time, but ispace said it was unable to verify...
  • Business confidence drops among Japan’s largest manufacturers

    Tokyo, Japan--Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday. The Bank of Japan's closely watched quarterly Tankan survey is considered the broadest indicator of how Japanese businesses are faring. It reports the...
  • Japan plans export control measures for chip equipment

    TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for countries to restrict Chinese access to the technology. The move was immediately slammed by Beijing, which warned against moves that "politicize, instrumentalize and weaponize" trade. It comes as Tokyo confirmed...
  • Toshiba accepts $15bn buyout bid

    The acceptance follows years of turmoil for the company.
  • Abu Dhabi-Japan Economic Council reviews growth in bilateral trade and investments

    TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further enhance partnerships and benefits from investments opportunities. Chairman of Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi and President of Japan Cooperation Center for the Middle East...
  • UAE and Japan look to widen economic, trade, investment ties

    Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of common interest. This came at the Abu Dhabi Business Forum, which was organised by the Abu Dhabi Department of Economic Development following the conclusion of the 9th session of the...
  • UAEIIC, JOIN ink pact to boost investments in Middle East, Africa

    The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region.
  • UAE secured 34% of Japan’s crude oil needs in Jan

    Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply, according to the International Energy Agency.
  • UAE secured 41.5% of Japan’s crude oil needs in November

    Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and Industry.
  • UAE secured 40% of Japan’s crude oil needs in October

    94.7 percent of 84.58 million barrels imported by Japan originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman.
  • SoftBank Q2 net profit at $21.4b

    Firm's reduction of stake in Alibaba partly helped.
  • Mazda pulls out of Russia JV

    Firm to transfer it equity interest to JV partner Sollers.
  • Fast Retailing posts yearly net profit at US$1.86bn

    Firm owns Uniqlo, Comptoir des Cotonniers clothing brands.
  • UAE, Japan sign comprehensive strategic partnership pact

    Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the Prime Minister of Japan Fumio Kishida have signed the UAE-Japan comprehensive strategic partnership agreement.
  • Bahrain and Japan resolve to boost ties in various fields

    The two leaders also agreed to explore opportunities that would aid the advancement of Bahrain and Japan’s strategic partnership in various fields.
  • Saudi delegation discuss energy, climate action at Tokyo conference

    A delegation from Saudi Arabia’s King Abdullah Petroleum Studies and Research Center (KAPSARC), participated in Tokyo’s 43rd International Association for Energy Economics (IAEE) conference. KAPSARC's experts shared insights on global energy and environmental concerns, disseminating solutions to help shape future energy policies and encourage climate action. The insights included the...
  • Tokyo equities post gains on US rally with eyes on BoJ

    Tokyo stocks opened higher on Wednesday as investors took heart from US rallies and other positive factors while awaiting a Bank of Japan policy decision later this week. A majority of analysts expect the Japanese central bank to keep its current easing policy but "speculation is lingering over a possible...
  • Tokyo equities climb up ahead of key US inflation report

    Tokyo stocks opened higher on Wednesday ahead of a key US inflation report and with worries growing over rising Covid-19 cases in Japan and abroad. The benchmark Nikkei 225 index was up 0.53 percent in early trade, while the broader Topix index edged up 0.43 percent.
  • Tokyo stocks rise on back of US Fed resolve to fight inflation

    Tokyo shares opened higher Thursday after minutes from a Federal Reserve meeting showed that US central bankers are determined to fight inflation despite recession worries. The dollar was at 135.86 yen, compared with 135.93 yen on Wednesday in New York.
  • Tokyo equities open lower as recession fears persist

    Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as lingering recession fears caused a rout on European bourses. The benchmark Nikkei 225 index was down 0.79 percent, or 209.58 points, at 26,213.89 in early trade, while the broader Topix index was down 0.69 percent.
  • Tokyo equities climb up on back of Wall Street gains

    Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the economic impacts of inflation. The dollar fetched 135.02 yen in early Asian trade, against 135.28 yen in New York late Friday.
  • European equities retreat before US inflation data

    European stock markets retreated at the open Friday following losses in Tokyo, with all eyes on US inflation data and its impact on the outlook for interest rate rises. London's benchmark FTSE 100 index dropped 0.5 percent to 7,442.31 points.
  • Tokyo shares climb up after Wall Street gains

    Tokyo stocks opened higher on Thursday following gains on Wall Street, despite ongoing worries over inflationary pressure due to the war in Ukraine. Global markets perked up after the US Federal Reserve released its minutes in which policymakers, as investors expected, agreed that they need to raise rates by 50...
  • Tokyo stocks open lower after US stocks slide

    Tokyo stocks opened lower on Wednesday after US stocks mostly retreated on concerns about growth following a profit warning from the owner of Snapchat that shocked the tech sector. The benchmark Nikkei 225 index was down 0.13 percent, or 36.02 points at 26,712.12 in early trade.
  • North Korea fired intercontinental missile, claim South Korea, Japan

    Pyongyang has launched nearly a dozen weapon tests this year in defiance of UN sanctions. However, long-range and nuclear tests such as the one conducted on Thursday have been paused since leader Kim Jong Un met then-US president Donald Trump for a bout of diplomacy that collapsed in 2019.
  • Asian markets rise again as traders wait for US inflation data

    Signs of lower tensions between Russia-Ukraine have put investors at ease.