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TOKYO (AP) — Japan's Prime Minister Fumio Kishida said Monday he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment, in what's seen as a move to lift his dwindling public support. “I'm determined to take unprecedentedly bold measures,” Kishida said, pledging an intensive effort to achieve stronger supply capability in about three years. “The results clearly show that many voters are dissatisfied by the government's delayed economic measures to tackle rising prices," said Jun Azumi, a senior CDPJ lawmaker. “Now is the time for me to focus on that, and I'm not thinking about anything else,” Kishida said, denying that his tax cut proposal was related to elections. The tax cuts would be part of a new economic stimulus package he plans to announce by the end of the month.

Persons: —, Fumio Kishida, Kishida, “ I'm, ” Kishida, “, ”, Azumi Organizations: TOKYO, Liberal Democratic Party, Constitutional Democratic Party of Japan Locations: what's, Nagasaki, Sunday's, Kochi, Tokushima, Ukraine, Israel, China

U.S. futures rose while oil prices fell back. A barrel of benchmark U.S. oil fell 97 cents to $87.11 per barrel. Chinese stocks fell to a 1-year low early Monday as foreign investors sold off holdings. High yields make borrowing more expensive for everyone, and they slow the economy while dragging on prices for stocks and other investments. But higher oil prices threaten to add upward pressure.

Persons: Brent, Taiwan’s Taiex, Fumio, Australia’s, ” Stephen Innes, It’s Organizations: Israel, Foxconn Technology, Fortune, Apple, Nikkei, Dow, Nasdaq, Treasury, Management, Federal, Fed, Enphase Energy, Regions Financial, U.S Locations: HONG KONG, Gaza, Gaza City, Israel, Shanghai, Hong, Taiwan, Seoul, Europe, U.S

☆ India and Japan will be Asia's next power couple
▼ + stars: | 2023-10-19 | by ( Pranav Kiran | ) www.reuters.com time to read: +4 min

Indian Prime Minister Narendra Modi welcomes Japan Prime Minister Fumio Kishida upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Evan Vucci/Pool via REUTERS Acquire Licensing RightsBENGALURU, Oct 19 (Reuters Breakingviews) - India and Japan are edging closer. Prime Minister Narendra Modi and Prime Minister Fumio Kishida's governments form part of the so-called Quad security grouping with the United States and Australia to counter Chinese expansionism in Asia. Now the two countries are setting up an investment fund together. That’s delivering on a pledge by Kishida to invest 5 trillion yen, or some $42 billion, into India over the next five years.

Persons: Narendra Modi, Fumio Kishida, Evan Vucci, Fumio, Kishida, Wood Mackenzie, Sajjan Jindal, India’s, Lakshmi Mittal, JBIC, Una Galani, Thomas Shum Organizations: Indian, Japan, Bharat, REUTERS Acquire, Rights, Reuters, National Investment, Infrastructure Fund, Japan Bank, International Cooperation, Japan External Trade Organization, Nippon Telegraph, Telephone, Reuters Graphics, Teck Resources, Nippon Steel, ArcelorMittal, Japan Fund, Thomson Locations: New Delhi, India, Japan, United States, Australia, Asia, Reuters Graphics India, China, Russia, South, Teck, Indian

☆ Asia's edge isn't just cheap labor, whether it's China, India or Japan, KKR says
▼ + stars: | 2023-10-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note. That investment conclusion comes after a recent trip to Singapore, China and Japan by New York-based Henry H. McVey, chief investment officer of KKR Balance Sheet. "The bid for infrastructure and logistics could accelerate even more meaningfully, we believe, in key markets such as India, China, Indonesia, the Philippines, Vietnam and even Japan," the KKR report said. That includes a $2 billion acquisition of a Mitsubishi-backed real estate manager in spring 2022.watch now"I think there are two big megathemes in Japan," KKR's McVey said in an interview Thursday. The other big trend in Japan, McVey said, is corporate reform that's boosting shareholder returns.

Persons: Henry H, McVey, Frances Lim, KKR's McVey, Fumio, haven't, Warren Buffett, Lim didn't, There's, Nisha Awasthi, Lim Organizations: Visual China, Getty, BEIJING, KKR, Mitsubishi, Hitachi Transport System, Logisteed, Hyatt Regency, Gaw Capital Partners, Wednesday, China Locations: China, Haikou, Hainan, India, Japan, Asia, Singapore, New York, Indonesia, Philippines, Vietnam, Hyatt Regency Tokyo, Gurugram, BlackRock, Mumbai, Pacific, Beijing, Hong Kong, Seoul, Shanghai, Sydney, Tokyo

☆ Japan warns it will take 'appropriate' steps on excessive yen falls
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: +3 min

Japan will take appropriate steps against excessive moves in the yen "without ruling out any options", Finance Minister Shunichi Suzuki said on Wednesday, keeping markets on alert over the chance of yen-buying intervention. Suzuki told reporters he would not comment on whether Tokyo intervened in the exchange rate market overnight to prop up the yen. Japan's top currency diplomat Masato Kanda told reporters early on Wednesday that authorities were looking at various factors, including implied volatility, in determining whether yen moves were excessive. He declined to comment on whether the overnight yen moves were excessive. He added that Japan was acting in accordance with an agreement with its G7 and G20 partners, which includes a commitment to the stance that excessive exchange rate moves are undesirable.

Persons: Shunichi Suzuki, Suzuki, Masato Kanda, that's, Kanda, Fumio Kishida, Yoshimasa Maruyama Organizations: Tokyo Stock Exchange, Tokyo, Bank of Japan, Nikko Securities Locations: Tokyo, Japan, Asia

☆ Japan's top currency diplomat says Tokyo in close contact with US on FX moves
▼ + stars: | 2023-09-20 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

[1/2] Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. Yellen said whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. Last September, Japan conducted its first dollar-selling intervention to prop up the yen in 24 years as the dollar reached around 145 yen to the dollar. Authorities intervened twice in October as the dollar reached close to 152 yen. The Group of Seven (G7) nations require that member states inform their counterparts if they intervene in the currency market.

Persons: Florence Lo, Masato Kanda, Janet Yellen, Yellen, Kanda, Fumio, Tetsushi Kajimoto, Jacqueline Wong, Sam Holmes Organizations: U.S, REUTERS, Rights, Treasury, Authorities, Thomson Locations: Washington, Japan

☆ Japan's top currency diplomat says Tokyo in close contact with U.S. on FX moves
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: +1 min

A man walks past an electronic board showing the closing numbers on the Tokyo Stock Exchange and the Japanese yen rate versus the US dollar (R), along a street in Tokyo on May 1, 2023. Japanese authorities are always in close communication with U.S. counterparts on currencies and share a mutual understanding that excessive volatility is undesirable, Tokyo's top foreign exchange official said on Wednesday. Yellen said whether Washington would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation. "We won't rule out any options if excessive moves persist," Kanda said. To help households cope with higher living costs, Prime Minister Fumio Kishida's government plans a supplementary budget for this fiscal year, which could aggravate the industrial world's heaviest debt burden.

Persons: Masato Kanda, Janet Yellen, Yellen, Kanda, Fumio Organizations: Tokyo Stock Exchange, U.S, Treasury Locations: Tokyo, Washington, Japan

☆ Daiwa Securities Deputy President discusses culture change in corporate Japan and cabinet reshuffle
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDaiwa Securities Deputy President discusses culture change in corporate Japan and cabinet reshuffleKeiko Tashiro of Daiwa Securities discusses the various reforms to Japan's corporate culture and governance, and Fumio Kishida's latest cabinet reshuffle.

Persons: Keiko Tashiro, Fumio Kishida's Organizations: Daiwa, Daiwa Securities Locations: Japan

☆ Feeling the heat: 44% of Japan firms see earnings hit from extreme weather - Reuters poll
▼ + stars: | 2023-09-13 | by ( David Dolan | ) www.reuters.com time to read: +2 min

REUTERS/Satoshi Sugiyama/File Photo Acquire Licensing RightsTOKYO, Sept 14 (Reuters) - Some 44% of Japanese companies see extreme weather events around the globe hitting earnings, a Reuters survey showed, highlighting the impact of scorching heat waves and torrential rains on firms in the world's third-largest economy. Disaster-prone Japan is no stranger to extreme weather events, including typhoons, floods and blistering heat. "Infrastructure is likely to be disrupted due to extreme weather conditions, which could result in emergency spending and lower productivity," wrote a manager at a company in the transport sector. The monthly Reuters Corporate Survey of 502 large and medium-sized non-financial Japanese firms, in which 248 responded, showed a majority of non-manufacturers had already felt or expected to feel the effects of extreme weather on their earnings. Flooding has been a particular headache for Japanese companies.

Persons: Satoshi Sugiyama, Japan Inc's, Fumio, David Dolan, Jacqueline Wong Organizations: Mitsubishi Motor, Rights, Reuters Corporate Survey, Reuters, Nikkei Research, Investment, Thomson Locations: Kurashiki, Japan

☆ Japan's new cabinet reflects PM's focus on gender, defence
▼ + stars: | 2023-09-13 | by ( Sakura Murakami | ) www.reuters.com time to read: +3 min

[1/3] Japan's Prime Minister Fumio Kishida speaks during the leaders talk of the ASEAN-Indo Pacific Forum (AIPF) in Jakarta, Indonesia September 6, 2023. Top government spokesperson Hirokazu Matsuno said the role of defence minister went to Minoru Kihara, a pro-Taiwan politician who has visited the island in the past and belongs to a Japan-Taiwan interparliamentary group. Kihara will also oversee the bolstering of Japan's military as part of a plan to double defence spending over five years by 2027. China claims Taiwan as its own territory and will be sensitive to any shift in Japan's stance on the democratically governed island. "Even if the foreign and defence minister posts change, there won't be any change or impact on Japan's diplomatic policy."

Persons: Fumio Kishida, Adek Berry, Yoko Kamikawa, Hirokazu Matsuno, Minoru Kihara, Kihara, Takashi Kawakami, Shigenobu Tamura, Tim Kelly, Yoshifumi, Sakura Murakami, Chang, Ran Kim, Kantaro, Clarence Fernandez, Stephen Coates Organizations: ASEAN, Pacific, Rights, Liberal Democratic Party, Takushoku University, LDP, NHK, Thomson Locations: Jakarta, Indonesia, Taiwan, Japan, Tokyo, China, East Asia, United States

☆ Japan PM to Include Five Women in Cabinet - Media
▼ + stars: | 2023-09-12 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida's cabinet will include five female ministers, the same number as in two previous administrations, Japanese media reported on Wednesday, as the premier seeks to boost his sagging ratings with fresh faces. About 43% of respondents disapproved of Kishida's leadership while 36% approved, according to a poll by public broadcaster NHK conducted last week. Yoko Kamikawa, a former justice minister who oversaw the execution of the Aum Shinrikyo doomsday cult that carried out a deadly sarin gas attack on the Tokyo subway in 1995, will become foreign minister, the media outlets said. The number of women in cabinet is the same as previous cabinets led by former premiers Junichiro Koizumi and Shinzo Abe. Kishida has also appointed pro-Taiwan politician Minoru Kihara to head the defence ministry, while retaining Shunichi Suzuki as finance minister and Yasutoshi Nishimura as economic minister, the media outlets said.

Persons: Fumio Kishida's, Kishida, Yoko Kamikawa, Sanae, Junichiro Koizumi, Shinzo Abe, Minoru Kihara, Suzuki, Yasutoshi Nishimura, Sakura Murakami, Miral Fahmy Organizations: NHK Locations: TOKYO, Tokyo, Taiwan

☆ Japan PM Kishida spoke about Fukushima water release with G20 leaders
▼ + stars: | 2023-09-09 | by ( Katya Golubkova | ) www.reuters.com time to read: +3 min

Japanese Prime Minister Fumio Kishida attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. Japan started releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the Pacific Ocean last month, and faced harsh criticism from China which immediately banned all seafood imports from Japan. Japan says the water release is safe, noting that the International Atomic Energy Agency (IAEA) has also concluded that the impact it would have on people and the environment was "negligible." "Prime Minister Kishida explained that the data monitored since last month's (water) discharge has been made public in a prompt and highly transparent manner. The Fukushima water release was among topics at Kishida's meetings with Turkish President Tayyip Erdogan, Dutch Prime Minister Mark Rutte, Australian Prime Minister Anthony Albanese and Indian Prime Minister Narendra Modi on the sidelines of the G20 summit, Japan foreign ministry said in separate statements.

Persons: Fumio Kishida, Evelyn Hockstein, Kishida, Joe Biden, Rishi Sunak, Emmanuel Macron, Saudi Arabia's Mohammed bin Salman, Hikariko Ono, Ono, Li Qiang, Tayyip Erdogan, Mark Rutte, Anthony Albanese, Narendra Modi, Katya Golubkova, Chizu Organizations: Global Infrastructure, REUTERS, International Atomic Energy Agency, British, World Trade Organization, IAEA, Dutch, Australian, Indian, Thomson Locations: New Delhi, India, DELHI, Japan, China, Saudi, Indonesia

TOKYO (AP) — Fishermen and residents of Fukushima and five other prefectures along Japan’s northeastern coast filed a lawsuit Friday demanding a halt to the ongoing release of treated radioactive wastewater from the wrecked Fukushima nuclear plant into the sea. Three reactors at the Fukushima Daiichi nuclear plant melted after a magnitude 9.0 earthquake and tsunami in 2011 destroyed its cooling systems. “The intentional release to the sea is an intentional harmful act that adds to the (nuclear plant) accident," said another lawyer, Hiroyuki Kawai. He said the ocean is a public resource and it is unethical for a company to discharge wastewater into it. China banned all imports of Japanese seafood in response to the release, while Hong Kong and Macau suspended imports from 10 prefectures including Fukushima.

Persons: Kenjiro Kitamura, Hiroyuki Kawai, Fumio, Kishida Organizations: TOKYO, —, Tokyo Electric Power Company Holdings, Nuclear, Authority, TEPCO, International Atomic Energy Agency, Groups Locations: Fukushima, Tokyo, China, Hong Kong, Macau, South Korea, Indonesia

☆ Japan PM Kishida plans Sept 13 cabinet reshuffle, coalition partner says
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Japan's Prime Minister Fumio Kishida speaks during the leaders talk of the ASEAN-Indo Pacific Forum (AIPF) in Jakarta, Indonesia September 6, 2023. Adek Berry/Pool via REUTERS/File photo Acquire Licensing RightsTOKYO, Sept 8 (Reuters) - Japanese Prime Minister Fumio Kishida plans to reshuffle his cabinet on Sept. 13, the head of the junior partner in Kishida's ruling coalition said on Friday. On Thursday, there was further bad news when former ruling Liberal Democratic Party member Masatoshi Akimoto was arrested on suspicion of taking bribes. 56% of people thought Kishida should renew his cabinet and shake up the senior executives of the ruling party. Reporting by Kantaro Komiya, Sakura Murakami, Kiyoshi Takenaka; editing by John Stonestreet and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Fumio Kishida, Adek Berry, Natsuo Yamaguchi, Kishida, Masatoshi Akimoto, Akimoto, Kantaro Komiya, Sakura Murakami, Kiyoshi Takenaka, John Stonestreet, Susan Fenton Organizations: Japan's, ASEAN, Pacific, Rights, Public, NHK, Liberal Democratic Party, Asahi, Yomiuri, Thomson Locations: Jakarta, Indonesia, India

☆ Japan makes record defence spending request amid tension with China
▼ + stars: | 2023-08-31 | by ( Sakura Murakami | ) www.reuters.com time to read: +3 min

The plan, announced last year, seeks to double defence spending to 2% of gross domestic product by 2027 as it faces an increasingly assertive China and an unpredictable North Korea. The defence ministry plans to set aside more than 900 billion yen for ammunition and weapons, including new ship-based air-defence missiles, according to the budget request. Some 600 billion yen will be used to strengthen logistics capabilities to deploy weapons and resources to southwest island chains during an emergency. Japan will also put 75 billion yen towards jointly developing interceptor missiles with the United States to counter hypersonic warheads, and 64 billion yen for building next-generation fighter jets with Britain and Italy. The record defence spending by the staunch U.S. ally comes after decades of pacifist policies.

Persons: Fumio Kishida, Joe Biden, Yoon Suk, Camp David, Evelyn Hockstein, Fumio, Sakura Murakami, Robert Birsel, Gerry Doyle Organizations: U.S, South, REUTERS, Rights, Ministry of Finance, Thomson Locations: Camp, Thurmont , Maryland, U.S, China, North Korea, Japan, United States, Britain, Italy, Taiwan, Ukraine, Asia

☆ Japan considering extending gasoline subsidies to year-end - sources
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Gasoline fuel guns are pictured in front of fuel boards at a gasoline station in Tokyo, Japan September 20, 2022. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsTOKYO, Aug 29 (Reuters) - Japan's government is considering extending until year-end fuel subsidies to keep gasoline prices below 180 yen a litre, while working on a supplementary budget to finance broader measures, three people with direct knowledge of the matter said. Earlier, the sources had said the fuel subsidies would be funded by the supplementary budget. Last week, Prime Minister Fumio Kishida instructed ruling party officials to consider steps to extend the fuel subsidies which were introduced in January 2022 to help ease cost of living pressures. Gasoline prices have been rising steadily in Japan due to the weaker yen and higher global prices.

Persons: Kim Kyung, Komeito, Toshimitsu Motegi, Shunichi Suzuki, Fumio Kishida, Yoshifumi Takemoto, Tetsushi Kajimoto, Katya Golubkova, Muralikumar Anantharaman Organizations: REUTERS, Rights, Liberal Democratic Party, Finance, Thomson Locations: Tokyo, Japan

☆ Japan budget requests likely to top 110 trln yen as rates rise - Nikkei
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +3 min

FILE PHOTO-An office employee walks in front of the bank of Japan building in Tokyo, Japan, April 7, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsTOKYO, Aug 25 (Reuters) - Japanese ministries' budget demands for the next fiscal year will likely top 110 trillion yen ($753 billion), the Nikkei business daily reported on Friday, with rising interest rates expected to boost debt servicing costs. This fiscal year's budget stood at 114 trillion yen. It would be the third straight year that budget requests exceed 110 trillion yen and may top a record 111.6 trillion yen requested for fiscal 2022. It's only natural for debt-servicing costs to rise under such circumstances," said Takuya Hoshino, senior economist at Dai-ichi Life Research Institute.

Persons: Androniki, Takuya Hoshino, Fumio, Tetsushi Kajimoto, Diane Craft, Jacqueline Wong Organizations: REUTERS, Rights, Nikkei, Bank of, Dai, Research, Thomson Locations: Japan, Tokyo, China, North Korea

☆ North Korea to launch satellite over Yellow Sea -Japan Coast Guard
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Aug 22 (Reuters) - North Korea has said it will launch a satellite between Aug. 24-31 in the direction of the Yellow Sea and East China Sea, the Japanese Coast Guard said on Tuesday. The Coast Guard added that the satellite, if launched, was likely to fall outside of Japan's exclusive economic zone. North Korea launched a satellite on May 31 that ended up plunging into the sea. The new "Chollima-1" satellite launch rocket failed because of instability in the engine and fuel system, state news agency KCNA reported. It prompted emergency alerts and brief evacuation warnings in parts of South Korea and Japan but no danger or damage was reported.

Persons: Fumio, KCNA, Elaine Lies, Deepa Babington, Stephen Coates Organizations: Japanese Coast Guard, Twitter, Coast Guard, North, Thomson Locations: TOKYO, North Korea, East China, Japan, South Korea, United States

☆ Japan's Kishida to meet fishermen on Fukushima water release plan
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] 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 20 (Reuters) - Japanese Prime Minister Fumio Kishida said he will meet fishermen as soon as Monday to seek their understanding of the government's plan to release radioactive water from the wrecked Fukushima nuclear plant into the Pacific. He said his government would make every effort to ensure the safety of the water release and counter reputational damage. Releasing the water is a key step in decommissioning the Fukushima Daiichi plant and revitalising Fukushima, he added. The prime minister declined to say when it would begin.

Persons: Fumio Kishida, Kishida, Tom Bateman, Yuka Obayashi, William Mallard Organizations: Japan's, Kyodo, REUTERS Acquire, Rights, Tokyo Electric Power, Tepco, International Atomic Energy Agency, IAEA, Thomson Locations: Okuma, Fukushima prefecture, Japan, South Korea, China

☆ Iran foreign minister to visit Saudi Arabia on Thursday -state TV
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

Iranian Foreign Minister Hossein Amirabdollahian is seen before a meeting with Japanese Prime Minister Fumio Kishida (not in picture) at Kishida's official residence in Tokyo, Japan August 7, 2023. REUTERS/Issei Kato/Pool/file photo Acquire Licensing RightsDUBAI, Aug 17 (Reuters) - Iran Foreign Minister Hossein Amirabdollahian will visit Saudi Arabia on Thursday, Iran state TV reported on Thursday. In June, Saudi Arabian Foreign Minister Prince Faisal bin Farhan met with Iranian officials in Tehran on his first visit to the country after the resumption of diplomatic ties with the Islamic republic in March. In March, Iran and Saudi Arabia agreed in a China-brokered deal to end a diplomatic rift and reestablish relations following years of hostility that had endangered regional stability in the Gulf, as well as in Yemen, Syria and Lebanon. Saudi Arabia broke ties with Iran in 2016 after protesters attacked its embassy in Tehran in retaliation for Riyadh's execution of a prominent Shiite cleric.

Persons: Hossein Amirabdollahian, Fumio Kishida, Issei Kato, Prince Faisal bin Farhan, Tom Hogue Organizations: Iranian, Japanese, REUTERS, Rights, Saudi Arabian Foreign, Dubai Newsroom, Thomson Locations: Tokyo, Japan, Iran, Saudi Arabia, Saudi, Tehran, China, Yemen, Syria, Lebanon

☆ Japanese vice minister quits as PM Kishida's ratings slide
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +2 min

Tokyo prosecutors raided the office of ruling Liberal Democratic Party lawmaker Masatoshi Akimoto on suspicion that he took bribes amounting to tens of millions of yen, according to public broadcaster NHK. The foreign ministry later announced that Akimoto had stepped down from his post as a vice minister. The resignation comes after Kishida's approval rating slid to its lowest since he took office in 2021. Errors that have recently come to light with the card have included health insurance information linked to the wrong social security account and welfare payments made to the wrong person. State broadcaster NHK and other media have reported that Tokyo prosecutors suspect Japan Wind Development Co paid bribes to Akimoto.

Persons: Masatoshi Akimoto, Amit Dave, Fumio Kishida, Akimoto, Hirokazu Matsuno, Sakura Murakami, Robert Birsel Organizations: Land, Transport, Speed, Kalupur, REUTERS, Liberal Democratic Party, NHK, Yomiuri, State, Development, Reuters, Thomson Locations: Infrastructure, Tourism, Ahmedabad, Mumbai Ahmedabad, India, TOKYO, Tokyo, The Tokyo

☆ Insight: BOJ makes bold shift as yen risks grow too big to ignore
▼ + stars: | 2023-08-03 | by ( Leika Kihara | ) www.reuters.com time to read: +9 min

The BOJ's decision shook markets on Friday and contrasted sharply with Ueda's more cautious comments in recent months about the dangers of retreating too quickly from accommodative Kuroda-era policies. "There's also a small but probable risk of inflation overshooting in Japan, which gave the BOJ reason to act." NEW PRIORITIESThe BOJ's policy decision last week signalled to investors that it would now allow the 10-year government bond yield to move closer to 1% before it intervenes. 'BIT BY BIT'The shift in thinking gained momentum at the BOJ's June policy meeting, but not enough to turn the tide. It was a test case, or a preliminary exercise, toward future policy normalisation," said former BOJ board member Takahide Kiuchi.

Persons: Issei Kato, Kazuo Ueda, Haruhiko Kuroda, Fumio, accommodative Kuroda, Ueda, YCC, There's, Hirokazu Matsuno, Seiji Adachi, Asahi Noguchi, Ryozo Himino, Shinichi Uchida, Uchida, Masato Kanda, Kanda, Takahide, Leika Kihara, Takaya Yamaguchi, Takahiko Wada, Kentaro Sugiyama, Yoshifumi, Sam Holmes Organizations: Bank of Japan, REUTERS, TOKYO, Bank, Ueda, Reuters, BIT, Asahi, Nikkei, Thomson Locations: Tokyo, Japan

☆ Kishida's Gulf tour: 'Primary goal' is for Japan to secure enough energy, says Jefferies
▼ + stars: | 2023-07-19 | 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 EmailKishida's Gulf tour: 'Primary goal' is for Japan to secure enough energy, says JefferiesThan Ha Pham, managing director of Jefferies, discusses Japanese Prime Minister Fumio Kishida's Middle East visit and says his agenda is to mend ties with the region and procure enough energy, especially LNG, for the short to mid term.

Persons: Jefferies, Ha Pham, Fumio Organizations: Japanese Locations: Japan

TOKYO, July 19 (Reuters) - Japan needs to rapidly expand computing power as it vies to become a global leader in artificial intelligence, said Hideki Murai, a special AI adviser to Prime Minister Fumio Kishida. "The government's key priority is computing power. We feel a real sense of crisis about that," Murai, a ruling Liberal Democratic Party lawmaker who heads the government's AI strategy team, told Reuters in an interview on Tuesday. Japan, the world's third-largest economy, has been slow to invest in the field, and lags the United States in AI computer infrastructure. Some 3,000 companies in Japan have access to a supercomputer at the government's National Institute of Advanced Industrial Science and Technology (AIST) offering 0.8 exaflops of computing power.

Persons: Hideki Murai, Fumio Kishida, OpenAI, Murai, Shohei Ohtani, Tim Kelly, Sam Nussey, Miho Uranaka, Sam Holmes Organizations: Liberal Democratic, Reuters, government's National Institute of Advanced Industrial Science, Technology, Microsoft, Japan's Ministry of Economy Trade, Industry, SoftBank Corp, AIs, Japan, Major League, European Union, Thomson Locations: TOKYO, Japan, United States, AIST, European

☆ Political scientist discusses China-Japan ties and Saudi Arabia
▼ + stars: | 2023-07-18 | 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 EmailGetting 'buy-in' from Saudi Arabia may help Japan push back on China influence: Political scientistJeffrey Hornung of Rand Corporation discusses Japanese Prime Minister Fumio Kishida's trip to the Middle East says Saudi Arabia is a "very important actor" in increasing Japan's political influence.

Persons: Jeffrey Hornung, Fumio Organizations: Rand Corporation, Japanese Locations: Saudi Arabia, Japan, China, East

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