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☆ Goldman Sachs just added stocks to its top Asian picks, giving one over 45% upside
▼ + stars: | 2024-04-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. Here are two additions to Goldman Sachs' Asian conviction list, and two removals: China Resources Beer Goldman analyst Leaf Liu said he was positive on the outlook for Chinese beer manufacturer and distributor China Resources Beer . Goldman Sachs has a 12-month price target of 51 Hong Kong dollars ($6.51) on the stock, giving it potential upside of around 46%. NTPC India's power generation company NTPC — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Shionogi, China Medical System Meanwhile, the Wall Street bank removed two pharmaceutical players — Japan's Shionogi and the China-headquartered China Medical System — from its conviction list.

Persons: Goldman Sachs, China Resources Beer, Leaf Liu, CRB, —, National Thermal Power Corporation —, Apoorva Bahadur, Bahadur, Goldman, — Japan's Shionogi, — CNBC's Michael Bloom Organizations: MSCI Asia, China Resources, China Resources Beer Goldman, China Resources Beer, Brands, Star, Heineken, Hong, Franklin FTSE, National Thermal Power Corporation Locations: Asia Pacific, Japan, China, ,, Tianjin, premiumization, Hong Kong, Franklin FTSE China, Shionogi

☆ Saudi Arabia is building the world's first Dragon Ball Z theme park
▼ + stars: | 2024-03-25 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Visitors try out the latest version of Dragon Ball Z Kakarot at the 2019 Gamescom gaming trade fair in Cologne, Germany. Saudi Arabia is set to become home to the first-ever Dragon Ball Z theme park — a 5.3 million square foot entertainment venue announced as part of the kingdom's huge Qiddiya project. Five of the rides at the Dragon Ball Z theme park will be "world firsts," according to the release, one of which will be a 230-foot-high roller coaster called Shenron, named after the series' magical dragon. Vision 2030, the name of this project, a brainchild of Saudi Crown Prince Mohammed bin Salman, has also set a target of 150 million tourists visiting the kingdom annually by 2030. Tourism reached a record for the country in 2023 at 106 million, according to its tourism ministry — an increase of 56% from 2019.

Persons: Prince Mohammed bin Salman, It's Organizations: Toei Animation, Saudi, Public Investment Fund, Nintendo, Tourism Locations: Cologne, Germany, Saudi Arabia, Japan, Riyadh —, Riyadh, City

TOKYO (AP) — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, “have fulfilled their roles,” Bank of Japan Gov. But it had remained cautious about “normalizing” monetary policy, or ending negative borrowing rates, even after data showed inflation at about that rate in recent months. Ueda said there was “a positive cycle” of a gradual rise of wages and prices, while stressing that monetary policy will remain easy for some time. The Japanese central bank's policy is quite different from those of the U.S. Federal Reserve and the European Central Bank.

Persons: “, Kazuo Ueda, Ueda, Harumi Taguchi, Haruhiko Kuroda, ___ Yuri Kageyama Organizations: TOKYO, ” Bank of Japan Gov, Bank of, Analysts, P Global Market Intelligence, U.S . Federal Reserve, European Central Bank, Bank of Japan Locations: Japan, Bank of Japan, U.S, China

☆ Japan's central bank just raised interest rates for the first time in 17 years
▼ + stars: | 2024-03-19 | by ( Yuri Kageyama | Associated Press | ) www.businessinsider.com time to read: +4 min

Read previewTOKYO (AP) — Japan's central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a shift away from ultra-lax monetary policy. The negative interest rate policy, combined with other measures to inject money into the economy and keep borrowing costs low, "have fulfilled their roles," the bank said in a statement. The Japanese central bank's policy is quite different from those of the US Federal Reserve and the European Central Bank. Analysts expect the Bank of Japan to continue to move slowly on further raising interest rates.

Persons: —, Kazuo Ueda, Haruhiko Kuroda Organizations: Service, Business, Bank of, Bank of Japan, US Federal Reserve, European Central Bank Locations: Japan, Bank of Japan, U.S, China

☆ Japan Inc set to offer big wage hikes, paving way for end to negative rates
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: +2 min

Some of Japan's biggest companies are expected to formally offer sizeable pay increases at annual talks with unions that wrap up on Wednesday, clearing the way for the central bank to end negative interest rates as early as next week. Some of Japan's biggest companies are expected to formally offer sizeable pay increases at annual talks with unions that wrap up on Wednesday, clearing the way for the central bank to end negative interest rates as early as next week. Economists see substantial wage increases as a prerequisite for the Bank of Japan, or BOJ, to declare that its long-held goals of sustainable wage growth and stable prices are in sight and usher in an end to negative rates in place since 2016. As a result, some analysts expect this year's wage increases at 5% or more, from just under 4% previously. Unions across industries, including automobiles, electronics, metals, heavy machinery and the service sector have all demanded hefty pay hikes.

Organizations: Toyota Motor, Japan's, Bank of Japan, Workers Locations: Toyota, Nagoya, Japan

☆ The whole world is reaching all-time highs. Here’s what’s driving it
▼ + stars: | 2024-02-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

On the surface, it may seem simple — global stocks are rallying, so there must be one universal driver, right? When this happens, the yen should strengthen and improve shareholder value in Japanese stocks, Arone said. "All of that gives you the ingredients you need to push stocks higher — not only U.S. stocks, but global stocks — in the next 12 months or so," he said. "I think that international stocks — Japan, Europe — have more room to go. Similar to Kelly, Kleintop recommended a more broad-based approach to playing this global rally.

Persons: It's, Charles Schwab's, Jeffrey Kleintop, they've, David Kelly, Michael Arone, Kelly, Arone, —, Kleintop, Fred Imbert Organizations: U.S, Dow Jones, Nasdaq, Nikkei, CNBC, Nvidia, Asset Management, Federal Reserve, European Central Bank and Bank of England, Bank of Japan, Tokyo Stock Exchange, State, — Locations: United States, U.S, Europe, Japan, Korea, China, Asia, America, Eastern Europe, — Japan

☆ Goldman Sachs reveals the 'Seven Samurai' — Japan's version of the 'Magnificent Seven' stocks
▼ + stars: | 2024-02-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Investors have been bullish on Japan stocks since last year, repeatedly driving them to record highs. Goldman Sachs has named "Seven Samurai" stocks in Japan, which it says could be an equivalent of the United States' "Magnificent Seven." The "Magnificent Seven" comprises Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla , which were behind much of the gains that drove the S & P 500 up a whopping 24% or so in 2023. In a Feb. 18 report, Goldman answered clients' requests for the Japanese equivalent of the "Magnificent Seven." With that criteria, Goldman has come up with a list of seven stocks, and they are: Screen Holdings, Advantest, Disco, Tokyo Electron, Toyota Motor, Subaru and Mitsubishi.

Persons: Goldman Sachs, Goldman, they've, CNBC's Ying Shan Lee Organizations: Nikkei, Apple, Microsoft, Nvidia, Tesla, Screen Holdings, Tokyo Electron, Toyota Motor, Subaru, Mitsubishi, Tokyo Stock Exchange Locations: Japan, United States, Tokyo

The two sides issued a joint communique, stating Japan's long-term support in helping Ukraine achieve economic stability. Japan hopes the conference will build momentum for international support for Ukraine as the war drags on and attention has diverted to the Gaza situation. The conference is largely about reconstruction and investment in Ukraine, but it’s also about Japan’s national security. Its support for Ukraine comes amid fear of China’s increasingly assertive military actions in the region. Japan, in cooperation with other Group of Seven members, hopes to link the Tokyo conference to a separate Ukraine reconstruction conference to be held in Germany in June.

Persons: Fumio Kishida, Kishida, ” Kishida, “, Denys Shmyhal, ”, it’s, Yoko Kamikawa Organizations: TOKYO, “, Ukraine, of, Japan External Trade Organization, Russia, ”, Seven Locations: Japan, Ukrainian, Ukraine, “ Ukraine, Gaza, East Asia, States, Tokyo, Germany

TOKYO (AP) — Japan has slipped to the world’s fourth-largest economy as government data released Thursday showed it fell behind the size of Germany's in 2023. Japan fell from the second-ranked economy behind the U.S. to the third-largest in 2010 as China's economy grew. The comparisons among nations’ economies look at nominal GDP, which doesn’t reflect some different national conditions, and is in dollar terms. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The gap between developed countries and emerging nations is shrinking, with India certain to overtake Japan in nominal GDP in a few years, Okazaki said.

Persons: Germany’s, Japan’s, Tetsuji Okazaki, ”, Okazaki, Konosuke Matsushita, ___ Yuri Kageyama Organizations: TOKYO, —, Monetary Fund, Japan, University of Tokyo, Honda, Honda Motor Co, Panasonic Corp, Japan Inc Locations: — Japan, Japan, Germany, India, U.S

TOKYO (AP) — Japan's space agency on Tuesday postponed the launch of a second test flight of its new flagship rocket H3 series planned for this week because of bad weather forecast at the launch site. The fiasco triggered disappointment and uncertainty about Japan's space exploration plans, concerns that were compounded after a spacecraft designed by a Japanese company crashed during a lunar landing attempt in April. The launch of the H3 rocket had already been held up more than two years due to an engine development delay. Mitsubishi's H3 project manager Mayuki Niitsu said there is a growing demand for rockets that can stably launch satellite constellations. “We hope to achieve success of the second H3 rocket and show our capability to our potential customers,” he said and added that H3 could be competitive with major global players, such as SpaceX.

Persons: Masashi Okada, Japan's, “, ” Okada, Okada, Mayuki Niitsu, ” Organizations: TOKYO, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Canon Electronics, Seiren, SpaceX Locations: Japan, Japanese, United States, China

TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer. In April, a whistleblower exposed that Daihatsu Motor Corp., which makes small cars and is 100% owned by Toyota, had been cheating on its testing for decades. In 2022, Hino Motors, a truck maker that’s also part of the Toyota group, said it had systematically falsified emissions data dating back as far as 2003. But production has been halted on some of the models, including the 10 models affected by the latest cheating. Sato has acknowledged Toyota group companies need better communication and education about the importance of complying with rules.

Persons: Akio Toyoda, ” Toyoda, Toyoda, Sakichi Toyoda, Kiichiro Toyoda, Akio’s, Koji Sato, that’s, Sato, Daisuke Uchida, ” Uchida, “, ” ___ Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Toyota Industries Corp, Lexus, Volkswagen AG, Reporters, Daihatsu Motor Corp, Hino Motors, Nikkei, Toyota Industries, Cruiser, General Motors Co, Pontiac, Keio University Locations: Hekinan, Aichi Prefecture, Japan, Nagoya, Tokyo, Europe, East, Africa, Asia, North America, United States, California

The U.N. aid agency serving Palestinians in Gaza faced more funding cuts Monday amid accusations that 12 of its employees were involved in the Oct. 7 attack that sparked the Israel-Hamas war. The allegations over the weekend triggered a wave of funding cuts by major donors, including the U.S., Britain and France. UNRWA employs roughly 13,000 Palestinians in Gaza and says it will be forced to halt operations within weeks if funding isn’t restored. The Palestinian Health Ministry said the boy was killed near the Israeli settlement of Tekoa. The official Palestinian news agency Wafa said that Israeli forces opened fire after clashing with Palestinians from the area.

Persons: Austria, — Biden, Jordan — Israel, Washington, Sebastian Fischer, Jordan, ” Fischer, Wafa, —, ’, Israel, “, Bassem, Awadi, Magen David Adom, ”, Austria “, Israel ” Organizations: The Associated Press, UNRWA, Ministry, US, UN, JORDAN BERLIN —, Foreign, U.S, BANK, West Bank —, West Bank, Palestinian Health Ministry, EU, BRUSSELS, The European Union, European Commission, BAGHDAD, Government, Hamas, JERUSALEM, BERLIN —, Foreign Ministry, Japanese Foreign Ministry Locations: Gaza, Israel, U.S, Britain, France, Hamas, Iran, Jordan, Qatar, Egypt, israel, GERMANY, JORDAN BERLIN — Germany, Tehran, BANK RAMALLAH, West, Tekoa, West Bank, Dura, Hebron, Silwad, Yamoun, Jenin, IRAQ, Syrian, Iraq, Syria, Palestine, Haifa, Tel Aviv, AUSTRIA, BERLIN — Austria, Vienna, Austria, JAPAN, GAZA TOKYO, Japan

☆ A new space photo of Japan's first spacecraft to land on the moon shows why it's not generating any power
▼ + stars: | 2024-01-25 | by ( Mari Yamaguchi | Associated Press | ) www.businessinsider.com time to read: +5 min

Japan became the fifth country in history to reach the moon when the Smart Lander for Investigating Moon, or SLIM, touched down on the Moon early on Saturday. One of the lander's main engines lost thrust about 50 meters (54 yards) above the moon surface, causing a harder landing than planned. 275 images from spaceTwo probes on Japan's SLIM moon lander. Japan followed the United States, the Soviet Union, China and India to reach the moon surface. A spacecraft designed by a Japanese company crashed during a lunar landing attempt in April, and a new flagship rocket failed its debut launch in March.

Persons: —, Smart, SLIM, Eugene Hoshiko, Shinichiro Sakai, Sakai, JAXA LEV, LEV, toymaker Tomy, Daichi Hirano Organizations: Service, Business, AP, Japan Aerospace Exploration Agency, JAXA, Sony, Doshisha University, Mitsubishi Locations: Japan, United States, Soviet Union, China, India, Japanese

Japan became the fifth country in history to reach the moon when the Smart Lander for Investigating Moon, or SLIM, touched down on the Moon early on Saturday. Improved accuracy would give scientists access to more of the moon, since probes could be placed nearer to obstacles. One of the lander's main engines lost thrust about 50 meters (54 yards) above the moon surface, causing a harder landing than planned. For the pinpoint landing, Sakai said, he would give SLIM a “perfect score.”“We demonstrated that we can land where we want,” Sakai said. Japan followed the United States, the Soviet Union, China and India to reach the moon surface.

Persons: Smart, SLIM, touchtown, Shinichiro Sakai, ”, Sakai, ” “, ” Sakai, “, ” LEV, toymaker Tomy, LEV, Daichi Hirano Organizations: TOKYO, Japan Aerospace Exploration Agency, JAXA, Sony, Doshisha University, Mitsubishi Locations: Japan, United States, Soviet Union, China, India, Japanese

Here’s a look at high-profile recent and upcoming attempts, and what they might mean, ahead of Japan’s moon landing. Just this week, however, a U.S. company, Astrobotic Technology, said its lunar lander will soon burn up in Earth’s atmosphere after a failed moonshot. Another U.S. company, Intuitive Machines, plans to launch its own lunar lander next month. ___CHINAChina landed on the moon in 2013 and last year launched a three-person crew for its orbiting space station. China built its own space station after it was excluded from the International Space Station, in part because of U.S. objections over the Chinese space program’s intimate ties to the military.

Persons: Japan’s, Peregrine, Astrobotic, Narendra Modi’s, China’s, Russia’s Luna Organizations: TOKYO, UNITED STATES NASA, Astrobotic, NASA, Private, SpaceX, International Space Station, International, Soviets, Elon Locations: Japan, United States, Soviet Union, India, China, U.S, ___ INDIA India, United States . New Delhi, CHINA China, USSR, Asia, RUSSIA, Russia

LOS ANGELES (AP) — Japan's Sekisui House Ltd. is buying Denver-based homebuilder M.D.C. Holdings Inc. for $4.9 billion in a deal that would make the Japanese company the fifth-largest builder of new homes in the U.S. The companies said Thursday that they reached a definitive agreement for Osaka-based Sekisui to acquire M.D.C. Holdings for $63 per share. The all-cash offer translates to a roughly 19% premium over M.D.C. Holdings' closing stock price Wednesday. Political Cartoons View All 253 ImagesIn addition to the U.S. and Japan, Sekisui House has operations in Australia, the U.K., China and Singapore. Among the U.S. home construction brands it now operates are Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes.

Persons: Toru Tsuji, Sekisui, homebuilders Organizations: ANGELES, Sekisui, Holdings Inc, U.S, M.D.C, Holdings, M.D.C . Holdings, . Holdings, Richmond American Homes, Woodside Homes, Holt Homes, Chesmar, Hubble Homes, Residential Holdings Locations: Denver, Osaka, California , Florida , Texas, Japan, Australia, China, Singapore, U.S, Woodside, Sekisui

TOKYO (AP) — Japan signed a deal with the United States on Thursday to purchase up to 400 Tomahawk cruise missiles as part of its ongoing military buildup in response to increased regional threats. In November, the U.S. approved a $2.35 billion sale of two types of Tomahawks — 200 Block IV missiles and 200 upgraded Block V versions. Political Cartoons View All 253 ImagesJapan and the United States agreed to expedite the deployment “in response to the increasingly severe security environment,” Kihara said. The government quickly approved a shipment of Japanese-made Patriot missiles to the United States to complement the U.S. inventory. “There is a new Japan emerging, a more competent Japan,” he said.

Persons: Fumio, spender, Minoru Kihara, Japan Rahm Emanuel, ” Kihara, Emanuel, Japan's, ” Organizations: TOKYO, —, China . Defense, U.S, Kihara, United, Japan’s, “ Locations: — Japan, United States, Japan, China, North Korea, Australia, Britain, Tokyo, South Korea, U.S

☆ Japan Airlines names former cabin attendant as first female president
▼ + stars: | 2024-01-18 | by ( ) edition.cnn.com time to read: +2 min

Tokyo — Japan Airlines has named its first female president, a former cabin attendant who rose through the ranks to senior management, taking a deeply symbolic step in a country struggling to close a vast gender gap at work. “There are female employees out there who are struggling with their career steps or going through big life events,” Tottori told a news conference. Airline safety is under a fresh spotlight after a collision between a JAL plane and a Japanese Coast Guard aircraft at Tokyo’s Haneda airport this month. JAL has said Tottori acquired a “high level of insight and field experience” in safety operations and service. The current president, Yuji Akasaka, will become chairperson while continuing to hold a representative director title, the airline said in its statement.

Persons: Mitsuko Tottori, Yuji Akasaka, Yoshiharu Ueki Organizations: Japan Airlines, JAL, OECD, Airline, Japanese Coast Guard Locations: Tokyo, Tottori, Japan, Haneda

☆ China's bragging about being the first to build a next-generation nuclear reactor. Here's how it compares to reactors in countries like the US, Japan, and Russia.
▼ + stars: | 2023-12-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China on Wednesday said the Shidaowan nuclear reactor is officially contributing to the power grid. AdvertisementChina on Wednesday announced that it's started commercial operations at the world's first next-generation nuclear reactor. AdvertisementThe Fukushima plant in Japan had six reactors producing 4.69 gigawatts, while Russia's BN-1200 reactor in Beloyarsk produces 1,200 megawatts. But it's already missed its 2020 target of producing 58 gigawatts with nuclear reactors, instead producing 53 gigawatts. Nuclear reactors in the US can generate up to 95.86 gigawatts of electricity, per the IAEA.

Persons: —, it's, It's Organizations: Service, Wednesday, Tsinghua University, China National Nuclear Corporation, National Energy Administration, Russia's, Xinhua, International Atomic Energy Agency, US, Nuclear Locations: China, Shandong, Port Gibson , Mississippi, Japan, Beloyarsk, Oarai, Fukushima, India

Search operations widened Friday with additional U.S. military personnel joining the effort, while Japanese coast guard and military ships focused on an undersea search using sonar. Japanese officials say they asked the U.S. military to halt Osprey flights in Japan except for those involved in the search operations. A total of 44 Ospreys have been deployed at U.S. and Japanese military bases in Japan. Denny Tamaki called on Japan’s defense and foreign ministries to request the U.S. military to suspend all Osprey flights in Japan, including in search operations. “I have serious doubts about Osprey safety even for their search and rescue operations.”

Persons: —, Sabrina Singh, Hirokazu Matsuno, Minoru Kihara, Ricky Rupp, ” Kihara, Rupp, Yoko Kamikawa, Japan Rahm Emanuel, United States “, Denny Tamaki, Tamaki, “, ” Organizations: TOKYO, Pentagon, U.S, Ospreys, U.S ., Defense, U.S . Forces Japan, Osprey, United, U.S . Air Force Special, Command, Yokota Air Base, Fifth Air Force, 353rd, Operations, U.S . Marine Corps Air, Iwakuni, Kadena Air Base, Gov Locations: Japan, U.S, Okinawa, United States, Yamaguchi prefecture

TOKYO (AP) — Japan plans to suspend its own Osprey flights after a U.S. Air Force Osprey based in Japan crashed into waters off the southern coast during a training mission, officials said Thursday. A U.S. Air Force Osprey based in Japan crashed during a training mission Wednesday off of the country’s southern coast, killing at least one of the eight crew members. The cause of the crash and the status of the seven others on board were not immediately known, Japanese coast guard spokesperson Kazuo Ogawa said. Coast guard aircraft and patrol boats found one male crew member, who was later pronounced dead by a doctor, Ogawa said. While the U.S. Marine Corps flies most of the Ospreys based in Japan, the Air Force also has some deployed there.

Persons: Taro Yamato, Kazuo Ogawa, Denny Tamaki, Ogawa, Hirokazu Matsuno, Hiroyuki Miyazawa, ___ Copp Organizations: TOKYO, U.S . Air Force, Ospreys, Defense Ministry, Gov, NHK, U.S . Air Force Special, Command, Yokota Air Base, 353rd, Operations, U.S . Marine Corps Air, Iwakuni, Kadena Air Base, Japanese, Defense, U.S . Forces Japan, Fifth Air Force, Yokota, U.S . Marine Corps, Air Force, Air Force Special Operations Command, Osprey, Marine Corps, Navy, Marine Corps Osprey, U.S . Marine, Marines Locations: Japan, Tokyo, U.S, Okinawa, Kagoshima, Kyushu, Coast, Yakushima, Yamaguchi prefecture, Australian, Washington

Heavy fighting broke out around the Indonesian Hospital, which has housed thousands of patients and displaced people for weeks. More than 250 patients with severely infected wounds or other urgent conditions remain stranded at Shifa Hospital days after Israeli forces entered the compound. Four other babies died in the two days before the evacuation on Sunday, according to Mohamed Zaqout, the director of Gaza hospitals. NETANYAHU EXTENDS CENTRAL BANK GOVERNOR’S TERMTEL AVIV, Israel — Israeli Prime Minister Benjamin Netanyahu says he has decided to grant the country’s central bank chief a second term. Jordan will build the hospital in southern Gaza to help with the territory's health crisis.

Persons: Yemen’s, Egypt’s, ”, Mohamed Zaqout, “, Hirokazu Matsuno, Yemen’s Houthi, Abraham Ungar, Ungar, Matsuno, NYK, BILL, Itamar Ben, ” Gil Dikman, Gvir, Ophir Katz, Benjamin Netanyahu’s, Netanyahu, NETANYAHU, Benjamin Netanyahu, Amir Yaron, Yaron, Bezalel Smotrich, Israel —, Gila Gamliel, Gamliel, Israel’s, Gamliel’s, GAZA KHAN YOUNIS, JERUSALEM —, Elad Aderi, Aderi Organizations: Health Ministry, Indonesian Hospital, World Health Organization, Shifa, West Bank, Israel’s, Palestinian, Crescent, Galaxy Leader, Ray Car Carriers, Associated Press, Houthi, Galaxy Maritime Ltd, British military’s United Kingdom Maritime Trade Operations, Israel Defense Forces, Firefighters, National, National Security, CENTRAL BANK, Gov, Finance, BE, Intelligence, Jerusalem Post, Palestinian Authority, Street Journal, Monday, Israel Democracy Institute Locations: Gaza, Gaza City, Israel, Gaza's, China, Pakistan, israel, EGYPT, Gaza’s, Egypt, Palestinian, JAPAN, Japan, Iran, Bahamas, Philippines, Bulgaria, Ukraine, Mexico, Romania, Gulf of Oman, Saudi Arabia, Oman, India, Hodeida, British, ISRAEL, Lebanon, Biranit, JERUSALEM, Israel’s, TEL AVIV, Israeli, GAZA, Jerusalem, United States, U.S, JORDANIAN, Jordanian, Rafah, Jordan

TOKYO (AP) — Japan’s economy slipped into a contraction in the third quarter, decreasing at an annual pace of 2.1% as consumption and investments shrank, the government reported Wednesday. The third quarter's performance was far worse than what had been expected, according to the financial services company ING, which had forecast an annual contraction of 0.5%. Political Cartoons View All 1247 ImagesPrivate consumption shrank an annualized 0.2% during the quarter, while corporate investment decreased 2.5%. Economic activity in the previous two quarters got a boost from recovering exports and inbound tourism. Public demand, which includes government spending, rose at an annual pace of 0.6% in the latest quarter.

Persons: ” Robert Carnell, ING's, Fumio Kishida, ___ Yuri Kageyama Organizations: TOKYO, ING, Auto, Bank of Japan Locations: Asia, Pacific, Japan

☆ Japanese scientists want to send a wooden satellite into space
▼ + stars: | 2023-11-07 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +7 min

Murata wondered if he “could build a wooden house on the moon or Mars,” and decided to test the theory — by creating a wooden satellite. Wooden satellites would be better for the planet while still providing the same functionality as their metal counterparts, says Murata. Now, they are working with Japan’s space agency (JAXA) and NASA to send the prototype satellite, called LingoSat, into orbit early next year. Engineers at Kyoto University are building a wooden satellite that will be launched into space in a joint mission with JAXA and NASA. Finnish startup Arctic Astronautics designed the WISA Woodsat, a wooden satellite that was supposed to be launched into space in 2021.

Persons: that’s, Koji Murata, Murata, ”, It’s, Jari Mäkinen, ” Mäkinen, Yarjan Abdul Samad, Samad, Tatsuhito Fujita, Fujita Organizations: CNN, Kyoto University, National Oceanic, Atmospheric Administration, “, JAXA, NASA, Murata, Engineers, Kyoto, NOAA, Astronautics, Khalifa University, United Arab Locations: Japan, East Asia, United Arab Emirates

☆ Analyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018
▼ + stars: | 2023-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst explains why he hasn't been bullish on Kokusai Electric — Japan's largest IPO since 2018Mio Kato, founder of research services firm LightStream Research, says Kokusai Electric's long-term outlook isn't as competitive as companies like Tokyo Electron when it comes to technology.

Persons: Mio Kato, Kokusai Organizations: LightStream Research Locations: Tokyo

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