Page 56 - Japan

Japan's MUFG, Sumitomo face climate votes at AGMs as activism grows

Mitsubishi UFJ Financial Group, Japan' biggest bank, and Sumitomo Corp, one of the country's largest trading houses, are being targeted with climate resolutions from activist shareholders at their AGM

India needs to focus on improving project preparedness: JICA

JICA is the world's largest bilateral development agency, with India being it's most prominent partner in the world

BOJ forms panel to help guide central bank digital currency experiment

Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said it has formed a committee bringing together policymakers and lobbyists to help with the project

North Korea missile launch tests Biden, alarms Japan ahead of Olympics

Thursday's launches came just days after North Korea fired several cruise missiles in an exercise that Biden said was not provocative but "business as usual."

Torch relay for Tokyo Olympics kicks off its 121-day journey across Japan

The torch relay for the postponed Tokyo Olympics began its 121-day journey across Japan on Thursday and is headed toward the opening ceremony in Tokyo on July 23

Japan urges support for fire-hit Renesas as global chip woes deepen

A chip plant owned by Renesas Electronics Corp was hit by fire last week and replacing damaged machines could take several months.

Japan calls for Renesas help from equipment makers at home and overseas

Japanese government has called and emailed equipment makers in Japan and overseas to request they provide parts and machinery to help Renesas, restore chip production at its fire-damaged plant

With eye on post-Covid world, Japan step up calls for higher minimum wage

Japanese policymakers are stepping up calls to raise the country's minimum wage as part of a strategy to ensure households can boost consumption and revitalise the economy when curbs are removed

Japan spends billions on technology for absent Tokyo Olympic fans

Japan's top telecommunications company is getting 7.3 billion yen about $67 million in taxpayer money to design mobile tracking software to curb the spread of coronavirus during the Tokyo Olympics

Japan car makers scramble to assess impact of Renesas auto chip-plant fire

The effect on car makers could spread beyond Japan to other auto companies in Europe and the United States

Japan ends coronavirus state of emergency in Tokyo despite virus surge

Japan ended the coronavirus state of emergency in Tokyo and its surrounding prefectures despite growing concerns about a resurgence of new infections and increasing cases of new strains of the virus

Japan to accept no more than 90,000 foreign citizens at Tokyo Olympics

The Japanese government expects that the number of foreign citizens who will attend the upcoming Olympic and Paralympic Games in Tokyo will not exceed 90,000, Japanese media reported on Saturday

Top US lawmakers and experts support historic QUAD leadership summit

Top US lawmakers and experts applauded the first Quad summit of leaders from the US, India, Australia and Japan and supported the move of Biden to address the challenge posed by China in Indo-Pacific

The Quad might have finally found a mission amid Covid-19 pandemic

The Quad's priority should be the same as the rest of the region's: promoting growth and development that is healthy and less dependent on China

Bank of Japan fine-tunes massive stimulus in long drive to boost prices

BOJ said it would allow long-term interest rates to move up and down by 0.25% around its 0% target, instead of by the current implicit band of 0.2%

BOJ widens yield target band, pledges to buy risky assets only when needed

The Bank of Japan widened the band at which it allows long-term interest rates to move around its target, as part of a raft of measures to make its ultra-easy policy more sustainable

Toshiba shareholders score landmark win with vote for independent probe

Toshiba shareholders voted in favour of an independent investigation into allegations that investors were pressured ahead of last year's AGM- a victory expected to spur more shareholder activism

Govt not recognising same-sex marriage is unconstitutional: Japan court

A Japanese court on Wednesday ruled for the first time that the government's failure to recognise same-sex marriage is unconstitutional as it violates the right to equality

Japan mulls lifting Covid emergency as strain on healthcare system eases

Japanese officials are thinking about lifting the coronavirus state of emergency currently in place for Tokyo and three neighbouring prefectures, as the strain on the healthcare system is easing

Japan exports fall faster than expected as China, US demand weakens

Japanese exports fell much faster than expected in February as US and China-bound shipments weakened, a source of concern for the world's third-largest economy as it tries to prop up growth