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☆ Japan aims for joint EV, chip subsidy rules with U.S. and Europe - Nikkei
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

The Japanese government aims to invest 20 trillion yen ($133.62 billion) in green transformation over 10 years, according to Nikkei. The three countries could also discuss environmental and other requirements to qualify for EV subsidies, Nikkei added. Nishimura also discussed plans to bolster Japanese investment in the so-called Global South, which is comprised of emerging and developing countries mainly in Asia, Africa and Latin America, Nikkei said. His ministry aims to facilitate 2 trillion yen in public and private investment in these countries over five years. ($1 = 149.6800 yen)Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Industry Yasutoshi Nishimura, Issei Kato, Yasutoshi Nishimura, Nishimura, Roushni Nair, Shailesh Organizations: Economy, Trade, Industry, REUTERS, U.S, Nikkei, EV, Thomson Locations: Tokyo, Japan, Europe, Asia, Africa, Latin America, Bengaluru

☆ Analysts' comments on China's export permits for some graphite products
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

Here is what analysts are saying about the measure:IVAN LAM, SENIOR ANALYST, COUNTERPOINT RESEARCH:"In addition to China, other countries and regions also implement graphite export controls. Graphite has a wide range of applications in industry, and the demand for its use is growing. KANG DONG-JIN, ANALYST AT HYUNDAI SECURITIES IN SEOUL:"It's not that China would suddenly stop export graphite, but it would be more intensely regulated and reviewed. It is still unclear how far China would take this graphite export curb, which would determine the supply chains. "With this new graphite export curb, South Korean firms - or South Korea in general, which heavily rely on China for graphite imports, would need to seek alternatives, such as mines from the United States or Australia, but it would likely increase cost burden for many."

Persons: Aly, IVAN LAM, CHRISTOPHER RICHTER, you've, KANG DONG, JIN, Brenda Goh, Daniel Leussink, Heekyong Yang, Miyoung Kim, Nivedita Organizations: REUTERS, Rights, EU, Thomson Locations: Port, Shanghai, China, Rights SINGAPORE, Russia, Ukraine, TOKYO, SEOUL, South Korea, United States, Australia, Tokyo, Seoul

☆ Canada, Japan agree to work more closely on battery supply chains
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Sept 21 (Reuters) - Canada and Japan on Thursday agreed to work more closely together to establishing sustainable and reliable global battery supply chains, the Canadian government said in a statement. The two sides signed a memorandum of cooperation on the supply chains during a visit by Japanese Industry Minister Yasutoshi Nishimura, it said, but gave no details. Canada, home to a large mining sector for minerals such as lithium, nickel and cobalt, wants to woo firms involved in all levels of the electric vehicle (EV) supply chain via a multibillion-dollar green technology. "As worldwide demand shifts increasingly towards cleaner forms of energy, Canada's critical minerals resources and battery supply chains will play a vital role in how we get there," said Natural Resources Minister Jonathan Wilkinson. Reporting by David Ljunggren; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Yasutoshi Nishimura, Jonathan Wilkinson, David Ljunggren, Chizu Organizations: Japanese Industry, Natural, EV, Thomson Locations: OTTAWA, Canada, Japan, Quebec

☆ Japan PM to meet fishing industry leaders over Fukushima water
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +2 min

Japan's Prime Minister Fumio Kishida visits the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan August 20, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERS Acquire Licensing RightsTOKYO, Aug 21 (Reuters) - Japanese Prime Minister Fumio Kishida will on Monday meet fishing industry representatives in a bid to convince them of the safety of treated radioactive water due to be released from the wrecked Fukushima nuclear power plant into the sea. The water has been treated to remove most radioactive elements except for tritium, a hydrogen isotope that must be diluted because it is difficult to filter. Despite such assurances, the prospect of more than a million tons of water being pumped into the Pacific from the nuclear plant owned by Tokyo Electric Power Company (9501.T) has raised alarm. Japanese Industry Minister Yasutoshi Nishimura is due to meet the same fishing industry leaders before the Kishida meeting.

Persons: Fumio Kishida, Yasutoshi Nishimura, Satoshi Sugiyama, Elaine Lies, Muralikumar Organizations: Japan's, Kyodo, REUTERS Acquire, Rights, International Atomic Energy Agency, IAEA, Tokyo Electric Power Company, Citizens, Japanese Industry, Thomson Locations: Okuma, Fukushima prefecture, Japan, Tokyo, China, South Korea

There's no need to identify the country, all you need to do is control the item," a Japanese industry ministry official told Reuters. Two of them, deposition machinery maker Kokusai Electric and Japan's leading chip tool maker Tokyo Electron (8035.T), said they expect Japan's controls to have a limited business impact. COORDINATIONDovetailing Japan's controls with those of the U.S. and the Netherlands will require close coordination. He has met with Japanese trade officials and believes Tokyo is committed to curbing certain exports. Tokyo remains worried that targeting China will provoke damaging retaliation, such as a ban on Japanese electric cars, a third Japanese industry official said.

Persons: Emily Benson, Kevin Wolf, Jim Lewis, Lewis, Joe Biden's administrationis, Tim Kelly Karen Freifeld, Kentaro Sugiyama, Toby Sterling, Yoshifumi, Lincoln Organizations: TOKYO, Reuters, Center, Strategic, International Studies, Tokyo, Advantest Corp, Nikon Corp, Canon Inc, Screen Holdings, U.S . State Department and Commerce Department, Center for Strategic, U.S, U.S . Commerce Department, Thomson Locations: Tokyo, Beijing, Japan, U.S, China, backdown, Washington, Netherlands, Amsterdam

☆ Morning Bid: Tesla delivers surprise, China goes slow
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +3 min

July 3 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Chinese blue chips are a touch firmer, perhaps in the hope a new chief at the central bank will bring stronger stimulus. It was notable last week that Japanese chip shares surged amid reports Washington would restrict sales of AI equipment to China. Key developments that could influence markets on Monday:- European Central Bank policymaker Joachim Nagel speaks at a financial conference- June U.S. ISM manufacturing survey, PMI and auto sales. Equity and bond markets close earlyBy Wayne Cole; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Wayne Cole, Janet Yellen, Central Bank policymaker Joachim Nagel, Christopher Cushing Organizations: Tesla's, P, People's Bank of, Treasury, Nikkei, European, Japan's, ISM, Central Bank, PMI, Equity, Thomson Locations: Wayne, People's Bank of China, News, China, U.S, Washington, Japan

Takeda CFO Costa Saroukos in a 2018 picture. Mr. Saroukos joined Takeda in 2015 as CFO of Takeda’s European and Canadian operations before he was elevated to global CFO in 2018. WSJ: What did you learn from your deal-integration experiences that helped with the Takeda and Shire integration? ” — Costa Saroukos, CFO of TakedaAnother reason speed is important is to avoid losing talent. We broadened CFOinUrpocket to be used globally across 80 countries for the combined Takeda and Shire offices.

☆ Japanese firms sign multi-year agreements to buy LNG from Oman, U.S.
▼ + stars: | 2022-12-27 | by ( Yuka Obayashi | ) www.reuters.com time to read: +3 min

Global LNG supply has been tight since Russia invaded Ukraine and cut gas supply flows to Europe, leading European nations to import record amounts of LNG cargoes, straining global supplies and elevating prices. Mitsui and Itochu confirmed signing basic agreements with Oman LNG, but declined to give details. Other Japanese companies were also in talks with Oman LNG about term contracts, a government official told Reuters without naming the firms. If successful, they could take Japan's LNG imports from Oman above 3 million tonnes a year, he added. The agreements with Oman LNG were signed during a visit to Oman by Japanese industry minister Yasutoshi Nishimura.

☆ Japan's Mitsui, Itochu and JERA to sign new long-term contracts to buy LNG from Oman -NHK
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Dec 27 (Reuters) - Japan's trading houses Mitsui & Co (8031.T), Itochu Corp (8001.T) and Japan's biggest power generator JERA are expected to sign new long-term contracts to buy liquefied natural gas (LNG) from Oman, NHK said on Tuesday. The Japanese companies are expected to buy a total of about 2 million tonnes of LNG, starting from 2025, through around 10-year contracts, public broadcaster NHK said. The Japanese companies will likely make agree on the contracts on Tuesday and Japanese industry minister Yasutoshi Nishimura, who is currently visiting the Middle East, will attend the signing ceremony, NHK said. Japan imported 1.9 million tonnes of LNG in 2021, accounting for 2.6% of Japan's total imports. Other Japanese companies are also in negotiations with Oman to buy LNG, NHK said.

☆ Japan minister signs clean energy cooperation document during Saudi visit
▼ + stars: | 2022-12-25 | by ( ) www.reuters.com time to read: +1 min

Dec 25 (Reuters) - Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia, the Saudi Energy Ministry said on Twitter. The MoC was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and Japanese Industry Minister Yasutoshi Nishimura, who is visiting the kingdom, after a meeting in which they both stressed the importance of supporting the stability of global oil markets through encouraging dialogue and cooperation between producers and consumers, the Saudi state news agency (SPA) reported. The two ministers also highlighted the need to ensure safe supplies from all energy sources to global markets and noted that the kingdom is "the largest dependable source" of crude oil supplies to Japan and "a reliable partner in this aspect" as well, SPA said. Reporting by Nayera Abdallah Editing by Peter Graff and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Japan to seek U.S. flexibility on EV purchase incentives, Kyodo reports
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Andrew KellyTOKYO, Nov 4 (Reuters) - Japan will ask the United States to be more flexible on electric vehicle (EV) purchase incentives for non-American carmakers, Kyodo news agency reported on Friday, citing unidentified government sources. The move follows a statement from South Korea's foreign ministry saying Seoul is seeking a three-year grace period on the U.S. Inflation Act to enable its automakers to continue receiving EV incentives in the United States. The law restricts tax credits for EVs to those assembled in North America. The Biden administration said in mid-August that about 20 models still qualify for tax credits of up to $7,500. The government will seek to make nearly completed cars exported from Japan eligible for the tax credits as long as the final process takes place in the United States, Canada, or Mexico, Kyodo said.

☆ Japan to offer low-interest loans for LNG procurement -Nikkei
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

The state-owned Japan Bank for International Cooperation (JBIC) will provide low-interest loans to electric power utilities and city gas companies to buy the super-chilled fuel from the spot market, the paper said, without citing sources. Spot LNG prices remain at high levels amid a risk of supply disruption from Russia given its war with Ukraine. Japanese utilities buy the bulk of their LNG through long-term contracts, but about 20% comes from the spot market. Asian spot LNG prices have skyrocketed this year, hitting a record high in August, though they since have eased because of high inventory levels and governments' efforts to curb demand in Europe. It would cost Japan more than 1 trillion yen ($6.9 billion) to buy 6 million tonnes of LNG a year from the spot market if shipments from Russia were stopped completely, the Nikkei said.

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