In a statement US climate envoy John Kerry said, developed countries have pledged a total of $100 billion towards climate financing following new commitments made by Japan. In 2009 developed countries had pledged to provide $100 billion by 2020 to… Read More ›
Japanese
Japan’s economic security revolves around strategic autonomy and indispensability
On Saturday, a top party official from the Japanese government said, Tokyo’s economic security strategy will revolve around the two pillars of “strategic autonomy and indispensability”. The comments come at a time when Japan is facing an increasingly belligerent China…. Read More ›
China’s BYD and CATL defer building dedicated factory for Apple citing political tensions
According to three sources familiar with the knowledge at hand, Apple Inc’s negotiations with China’s BYD and CATL over battery supplies for its planned electric vehicle have stalled after the Chinese company refused to set up teams and build U.S. plants… Read More ›
Japan to tighten regulations on foreign ownership of domestic firms
On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
Renewable energy to power Amazon.com Inc’s data centers
Late on Thursday, Japan’s Nikkei reported, Amazon.com Inc is negotiating to build a renewable power plant in Japan with Japanese power utilities and trading houses, in order to procure clean energy for its local data centers. The tech giant is… Read More ›
Hitachi Ltd acquires U.S. software company GlobalLogic inc for $9.6 billion
On Wednesday, in a statement Hitachi Ltd said it will acquire GlobalLogic Inc, a U.S. software company, for $9.6 billion. The development sees the Japanese industrial conglomerate which has business interests ranging from digital services to electronics hardware, expand its… Read More ›
Japan seeing rise of shareholder activism
On Thursday, Toshiba Corp shareholders voted in favor of an independent investigation into allegations of investors being pressured ahead of last year’s annual general meeting. The development could potentially spur more shareholder activism. This is the fourth time a shareholder… Read More ›
Japan’s Financial Services Agency conducting survey on regional economies to gauge impact of new curbs
According to four sources with direct knowledge of the matter at hand, Japan’s banking regulator is conducting a survey on regional lenders to gauge how new curbs imposed earlier this year in January to help mitigate the effects of the… Read More ›
Toyota Motor Corp to build record 9.2M automobiles in 2021
In a report Japan’s the Nikkei newspaper said, Toyota Motor Corp plans on boosting its global production to record high at 9.2 million vehicles in 2021. The automaker has informed its main suppliers of the plan, which reflects sales momentum… Read More ›
Robert Hale of U.S. hedge fund ValueAct Capital nominated as outside director at Japanese chip and display material maker JSR Corp
In a statement, Japanese chip and display materials maker JSR Corp stated, it would nominate Robert Hale, a partner at U.S. hedge fund ValueAct Capital, to be an outside director. In early 2020, ValueAct Capital became a major shareholder in… Read More ›