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☆ Asia markets track Wall Street gains ahead of key U.S. inflation data
▼ + stars: | 2024-05-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024. Asia-Pacific markets opened higher Wednesday, tracking Wall Street gains overnight that saw the Nasdaq Composite index hit a fresh record closing high despite strong inflation data. The producer price index reading for April came in at 0.5%, above the 0.3% that economists polled by Dow Jones had expected. The initial market reaction was negative but stocks subsequently rose as March wholesale prices were revised down to show a 0.1% decline. Markets in South Korea and Hong Kong were shut on Wednesday for a public holiday.

Persons: Dow Jones Organizations: Mitsubishi UFJ Trust, Banking, Nasdaq Locations: Tokyo, Japan, Asia, Pacific, South Korea, Hong Kong

☆ Harvard expert shares the No. 1 lesson to learn from Warren Buffett’s career: 'You can't be really successful' without it
▼ + stars: | 2024-05-14 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Warren Buffett's Berkshire Hathaway raised its stakes in Mitsubishi Corp., Mitsui & Co., Itochu, Marubeni and Sumitomo — all to 7.4%. "To be truly successful, to do anything great, you have to use your strengths,. "So I think you need both to be truly successful," he says. Find what motivates youThere are two types of motivation, George says: extrinsic motivation, like a comfortable salary, and intrinsic motivation, like enjoying a job where you get to help people every day. Becoming more successful can start with figuring out your own intrinsic and extrinsic motivations, says George.

Persons: Warren, Berkshire Hathaway, Warren Buffett, Bill George : Buffett, George, Zach Clayton, Buffett, Forbes, Buffett didn't, Hone Organizations: Mitsubishi Corp, Mitsui & Co, Sumitomo, Harvard University, Berkshire, Harvard Business School, CNBC

☆ A software consultant trading stocks on the side is up 318% in 2024. He shares the stock screener he uses to find the trades he makes.
▼ + stars: | 2024-05-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

He was 13 when he first heard about trading stocks. Finally, he filters for volume with the "50-day average volume"— the average number of shares traded daily over 50 days — above 25,000 shares. He had been watching Nvidia's chart since December, and it had a consistent 200-day moving average trend upward. As of January 3rd, it held above its 50-day moving average, bouncing off resistance points around $8.83 and $8.94 with minor pullbacks. The stock had a strong 150- and 200-day average uptrend.

Persons: Leoš, Benjamin Graham's, William O'Neil, Mark Minervini, Norman Zadeh, Mikulka Organizations: Investor's, Gamestop, US, Business, Apple, Nvidia, Mitsubishi UFJ Financial, Holdings Locations: Prague, IBD

DavidCallanAsia-Pacific markets are mixed on Wednesday, mirroring moves in Wall Street's Tuesday session. Investors in the region will parse through earnings reports including those of Japanese giants Toyota and Mitsubishi, as well as Singapore's UOB. Traders will also brace for key economic data out of China and Japan on Thursday, with China releasing its April trade data and Japan announcing its March pay statistics. Japan's Nikkei 225 slipped 0.33% on its open, while the broad based Topix was down 0.3%. South Korea's Kospi extended gains and rose 0.1% after leading Asian markets on Tuesday.

Persons: HSI Organizations: Toyota, Mitsubishi, Traders, Nikkei Locations: DavidCallan Asia, Pacific, Wall, China, Japan

☆ Activist Jana Partners calls for a strategic review at Wolfspeed. Here’s how it may develop
▼ + stars: | 2024-04-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Activist Commentary: Jana is a very experienced activist investor founded in 2001 by Barry Rosenstein. Wolfspeed is the world's leading producer of silicon carbide, or SiC, and a manufacturer of silicon carbide applications. Jana also recommends that the board commences a review of strategic alternatives, including a possible sale of the company. At Freshpet, Jana also made operational and capital allocation recommendations in addition to reviewing a sale of the company. Here, there has been no such mention of a "Jana Dream Team," but it is a little too early for that.

Persons: Jana, Barry Rosenstein, Rosenstein, John Palmour, Wolfspeed, Renesas, Ken Squire Organizations: John Palmour Manufacturing, Silicon Carbide, Mitsubishi Electric, 13D Locations: Siler City, N.C, Marcy, N.Y, North Carolina, Mohawk, New York, Germany, Freshpet

☆ Analysis: China’s EV market reshaped by a brutal elimination round
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —A “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV). More than a dozen passenger carmakers disappeared from the market last year, according to statistics from the China Passenger Car Association. Too many playersOvercrowding is another major issue plaguing China’s EV industry. Last month, Xiaomi, a Chinese smartphone brand, launched its electric car, the SU7 sedan. “China’s EV industry has entered a stage of cyclical adjustment after two decades of growth,” he said at a forum in Beijing.

Persons: ”, Tesla, Mark Rainford, Richard Yu, Li Auto, “ They’re, Huawei’s Aito, Lei Jun, BYD, Rainford, Gan Jiayue, Wang Chuanfu, Yin Tongyue Organizations: Hong Kong CNN, Auto China, YouTube, China, “, National Development, Reform Commission, China Passenger Car Association, WM, Mitsubishi Motors, Honda, Hyundai, Ford, Huawei, EV, China Association of Auto Manufacturers, China’s EV, Li, Tesla, Porsche, Geely Auto, Meizu, Chery Auto, International Energy Agency Locations: China, Hong Kong, Beijing, Shanghai, oversupply, Meizu

☆ Warren Buffett's love for Japan may be far from over after $8 billion paper profit
▼ + stars: | 2024-04-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has made billions of dollars from its big investments in Japan, and the Oracle of Omaha's love for the land of the rising sun is only growing deeper. The Omaha-based conglomerate priced 263.3 billion Japanese yen of bonds worth $1.7 billion, marking one of its biggest yen bond sales, according to a regulatory filing released Thursday. The cost of the positions was 1.6 trillion yen ($10.35 billion) and the 2023 yearend market value of the five stakes was 2.9 trillion yen ($18.76 billion), Berkshire revealed in its annual report. Meanwhile, the five Japanese trading companies are all dividend payers, yielding from 1% to more than 3%. Buffett even paid a visit to Japan with his designated successor Greg Abel and met with the heads of the Japanese firms last year.

Persons: Warren, Berkshire Hathaway, Buffett, Chamath Palihapitiya, Greg Abel Organizations: Berkshire, Mitsubishi, Mitsui, Sumitomo ., Tokyo Stock Exchange Locations: Japan, Omaha, Berkshire, Sumitomo . Berkshire

☆ Jeff Bezos and fiancée Lauren Sánchez were among the top tech bosses and business leaders to attend a lavish White House dinner
▼ + stars: | 2024-04-11 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

The former Amazon CEO joined over 200 other guests at a White House state dinner on Wednesday. President Joe Biden hosted the dinner in honor of the Prime Minister of Japan, Fumio Kishida. Other guests in attendance included Apple CEO Tim Cook and JP Morgan's Jamie Dimon. AdvertisementJeff Bezos, founder and former CEO of Amazon, and his fiancée Lauren Sanchez, a former news anchor and philanthropist, joined 200 other guests at a White House state dinner on Wednesday. Jill Biden had the State Floor of the White House transformed into what she dubbed a "vibrant spring garden" for the event.

Persons: Joe Biden, Fumio Kishida, Tim Cook, Morgan's Jamie Dimon, —, Jeff Bezos, Lauren Sanchez, Fumio, Jamie Dimon, Larry Fink, Bill Clinton, Hillary Clinton, Robert DeNiro, Masayoshi Son, Ken Kobayashi, Bezos, MacKenzie Scott, Jill Biden, India Narendra Modi, Sam Altman, Sundar Pichai Organizations: Amazon, House, Japan, Apple, Service, BlackRock, Mitsubishi, The Washington Post, White, Google Locations: India

In the shadow of the Rocky Mountains, with an elevation one mile closer to space than sea level, lies an area that's home to a burgeoning cluster of aerospace businesses. Voyager Space CEO Dylan Taylor traveled to space on a Blue Origin flight in 2021. For Voyager, that's been true. For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. Denver area startup Orbit Fab is building refueling ports for satellites that will allow them to fuel up in space.

Persons: Dylan Taylor, CNBC's Morgan Brennan, Lockheed Martin, Northrop Grumman, RTX, Jeff Bezos, Morgan Brennan, Sen, John Hickenlooper, Hickenlooper, that's, Taylor, Shepard, He's, Northrop, Daniel Faber, Orbit, Faber Organizations: Buckley Space Force, CNBC, Aerospace, Colorado Space Coalition, Voyager, Denver . Voyager, AFP, Getty, Lockheed, Boeing, Northrop, Launch Alliance, BAE Systems, Space, Space Station, Airbus, Mitsubishi, Northrop Grumman, AAA Locations: Colorado, CNBC's, Rocky, Denver, Boulder, California, Silicon Valley

☆ 'Too early to judge': Global carmakers contend with closure at busiest U.S. autos port
▼ + stars: | 2024-03-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The remains of the Francis Scott Key Bridge on March 26, 2024 in Baltimore. Michael A. McCoy | The Washington Post | Getty ImagesThe Baltimore bridge collapse on Tuesday prompted carmakers to assess operations after the closure of the busiest U.S. auto port. Six people who had been working on the bridge were presumed dead on Wednesday, after rescuers failed to find them. The Port of Baltimore, the 11th largest port in the U.S. and its busiest for autos and light trucks, has been closed until further notice. Sweden's Volvo Group said it did not expect a significant impact, but was checking its U.S. production facilities.

Persons: Francis Scott Key, Michael A, carmakers, Dimitris Psillakis, it's, Psillakis Organizations: Francis Scott Key Bridge, McCoy, Washington Post, Getty, Logistics, Mercedes, Benz, CNBC, Baltimore, Volkswagen Group of America, Germany's Volkswagen, VW, Audi, Lamborghini, Bentley, Atlantic, Volvo Group, General Motors, Ford, Toyota, Nissan, Mitsubishi Locations: Baltimore, Port, U.S, East, Brunswick, Georgia

The BOJ will now look to utilize its short-term interest rate as its primary policy tool. It will employ an interest rate of 0.1% to current account balances held by financial institutions at the central bank from March 21, while encouraging the uncollateralized overnight call rate (another interest rate used as a policy lever by the bank) to remain at around 0 to 0.1% — effectively raising interest rates from -0.1% previously. It would resort to "nimble responses" in the form of increased Japan government bond purchases and fixed-rate purchases of JGBs, among other things, if there is a rapid rise in long-term interest rates. Japanese investors have looked elsewhere for better returns given years of artificially depressed interest rates in their home market. The Fed is due to announce its own interest rate decision on Wednesday.

Persons: Japan Alexander Spatari, Kazuo Ueda, Rob Carnell, BOJ, Ueda, Michael Brown, —, JGBs, Vishnu Varathan, Hayden Briscoe, Briscoe Organizations: Japan's, Japan Inc, Asia, ING, CNBC, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Mizuho Financial Group, Bank of America, Barclays, U.S . Federal, UBS Asset Management Locations: Dotonbori, Japan, Japan's, U.S, Mizuho's, Asia

☆ Canon Electronics leads plunge among Japan's Space One shareholder companies after rocket explodes
▼ + stars: | 2024-03-13 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Japan's Canon Electronics shares fell as much as 12.7% on Wednesday after Tokyo-based Space One's small rocket exploded just moments after its maiden launch. If successful, Space One would have been Japan's first company to put a satellite in orbit, according to Reuters. Space One was set up in 2018 by a consortium of Japanese companies including Canon Electronics, IHI Aerospace and construction firm Shimizu , along with the government-owned Development Bank of Japan. Space One's shareholder companies fell after the failed launch. IHI and Shimizu fell about 1%, while the banks edged lower.

Persons: Shimizu Organizations: Canon Electronics, Reuters, IHI Aerospace, Development Bank of Japan, Mitsubishi, Mizuho Financial Group Locations: Tokyo, Japan, Shimizu

☆ Japan's market is hitting record highs. What to know about the rally and how to play it
▼ + stars: | 2024-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

U.S. equities aren't the only ones on a bull run — the Japanese stock market is also enjoying an upward climb. "It is the case that the Japanese stock market remains almost exclusively driven by foreign money," Jefferies head of global equity strategy Christopher Wood wrote in a March 7 note. According to Wood, foreign investors now own almost a third of the Japanese stock market, a dramatic rise from the 4% level in 1989, when the asset bubble reached its peak. Morgan Stanley noted that quality stocks have outperformed the broader market so far in 2024. Transitioning out of deflation Rate policy has been another big factor in the recent market rally.

Persons: Jefferies, Christopher Wood, Wood, Goldman Sachs, Morgan Stanley, Makoto Furukawa, Ryota Sakagami, Citi's Sakagami Organizations: Nikkei, Global, Retailing, Holdings, Toyota Motor, Subaru, Mitsubishi, Citi, Japan, U.S, Bank of Locations: Japan, U.S, Tokyo, Bank of Japan

☆ China's BYD is the world's biggest electric car maker — but it's not coming to America anytime soon
▼ + stars: | 2024-03-09 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Read previewJapanese and Korean carmakers cracked the US market long ago — but don't expect Chinese EV seller BYD to repeat that feat. Advertisement"It'd be very difficult for a Chinese EV maker to enter the US market," Seth Goldstein, an equity strategist at Morningstar, told Business Insider. The bill, a key part of US President Joe Biden's economic agenda, offers tax credits worth up to $7,500 for EV makers, excluding any "Foreign Entity of Concern." BYD isn't the only company turning its back on the US EV market. Given that EV sales growth is stalling in US, it's perhaps little wonder companies like BYD are not too bothered.

Persons: —, There's, Tesla, We're, Stella Li, BYD, Seth Goldstein, I'm, Suzuki, Jim Farley, Will Roberts, Goldstein, Roberts, Joe Biden's, Joe Biden, Demetrius Freeman, Rho Motion's Roberts, you'd, Li, carmakers Organizations: Service, Yahoo Finance, Business, Morningstar, Toyota, Motors, Nissan, Mazda, Lexus, Honda, Mitsubishi, Korea's Hyundai, Kia, North, Ford, EV, Rho, Energy, Treasury, Washington Post, Cox Automotive, Apple Locations: Korean, North America, —, China, North American, Russia, Iran, North Korea, Brazil, Thailand, Americas, Asia, South America

☆ Gridcog wants to make planning commercial renewable projects easier. Check out the 13-slide pitch deck it used to raise $4.2 million.
▼ + stars: | 2024-03-04 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewA startup helping Shell, Origin Energy, and Mitie spin up renewable energy projects has just raised £3.3 million, around $4.2 million, in funding from London-based AlbionVC. Gridcog, founded in 2020 in Australia but now headquartered in London, has built a software platform for modeling and simulating renewable energy projects. It helps customers figure out where best to put solar, energy storage, and EVs, and optimize those plans for commercial and climate goals. "With energy projects, there can be hundreds or even thousands of ways of building them," said Gridcog's UK and European head Genna Boyle. Renewable energy capacity needs to double to reach net zero in the energy sector by 2050, per the International Energy Agency.

Persons: —, Genna Boyle, you've, Boyle, Gridcog, Pete Tickler, Fabian Le Gay Brereton, Tickler Organizations: Service, Shell, Origin Energy, Business, International Energy Agency, Power, Energy, Mitsubishi Heavy Industries Locations: London, Australia, New Zealand

☆ This analyst predicted the Nikkei would cross 40,000. Here's where he thinks it'll go next
▼ + stars: | 2024-03-04 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Koll was referring to the asset and equity bubble Japan saw in the late 80s, which resulted in the Nikkei hitting its 1989 highs. In July last year, Koll told CNBC's "Street Signs Asia" he expected the Nikkei to hit 40,000 "over the next 12 months." watch nowWhen asked what drives his optimism, Koll told CNBC on Monday that it was in part due to Japan's ability to be a "capital value-creating superpower." There is no question that Japanese 'salarymen CEOs' created more fundamental economic value than Wall Street's superstar CEOs. He said Japanese CEOs are the "undisputed global champions of delivering on the hard part, true economic value creation."

Persons: Jesper Koll, Koll, CNBC's, Fumio Kishida, Wall, Warren Buffett, Berkshire Hathaway Organizations: Nikkei, Monex Group, CNBC, Bank, Monex, Wall, Berkshire, Mitsubishi, Mitsui, Sumitomo Locations: Tokyo, Japan, Itochu

☆ Warren Buffett: Berkshire’s boom days may be over as his company approaches $1 trillion in value
▼ + stars: | 2024-02-26 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Berkshire Hathaway neared a $1 trillion market valuation Monday after a record-breaking year, but CEO Warren Buffett warned in his annual letter to investors that more skyrocketing performances are likely a thing of the past. Berkshire Hathaway (BRK.B) saw its shares jump nearly 2%, to $429, on Monday morning after closing with a market cap of $905 billion on Friday. Only a handful of companies worldwide has ever reached the $1 trillion milestone, among them tech giants Amazon, Apple and Microsoft. Berkshire has about $167.6 billion in cash and equivalents, breaking last quarter’s record-high $157.2 billion. For the year, operating earnings rose to $37.3 billion, after setting a record of $30.8 billion in 2022.

Persons: Berkshire Hathaway, Warren Buffett, ”, Buffett, “ Organizations: New, New York CNN, Berkshire, Apple, Microsoft, Mitsubishi, Mitsui, Sumitomo Locations: New York, Omaha , Nebraska, Berkshire, Omaha, United States, ”

☆ Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size
▼ + stars: | 2024-02-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. Berkshire Hathaway 's Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The 93-year-old Buffett said Berkshire's group of diversified, quality businesses should provide "slightly better" performance than the average U.S. company, but anything more than that is unlikely. 'With our present mix of businesses, Berkshire should do a bit better than the average American corporation and, more important, should also operate with materially less risk of permanent loss of capital," Buffett said. "Anything beyond 'slightly better,' though, is wishful thinking."

Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Apple —, Buffett, — Organizations: Berkshire, BNSF Railway, Apple, Oracle, Occidental Petroleum, Berkshire ., Mitsubishi, Mitsui, Sumitomo Locations: Omaha , Nebraska, Omaha, Dairy, Berkshire, Alleghany, U.S

☆ 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

☆ Here's how to play Japan stocks, finally hitting a new high after 34 long years
▼ + stars: | 2024-02-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Japan's Nikkei 225 index , a price-weighted index of 225 Japanese stocks, has also hit an historic high. A few months before that, on December 29, 1989, Japan's Nikkei 225 Index hit an historic high that stood until this week. That's about the amount the U.S. stock market dropped at the start of the Great Depression, from 1929 to 1932. .N225 5Y mountain Nikkei 225 Index in past five years. The Japanese stock market took 20 years.

Persons: it's, Japan's, Minoru Isutani, Arnold Palmer, Richard Ferris, Peter Ueberroth, Clint Eastwood, Nori, Bart Wakabayashi Organizations: Nikkei, CNBC, Japan's Nikkei, Mitsubishi, Rockefeller Center, Lone Cypress Company, Sumitomo Bank, Taiheiyo, Lone Cypress, Toyota, Honda, Sony, Hitachi, Nintendo, Sumitomo Mitsui, Japan Hedged Equity, Dow Jones, Tokyo Stock Exchange, Retailing, Softbank, Vision Fund, Foreign, Bank of Japan, White Oak Capital, Reuters Locations: Tokyo, New York, Japanese, California, Japan, U.S, Singapore

☆ Uber Eats to begin self-driving robot deliveries in Japan
▼ + stars: | 2024-02-20 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Uber announced Tuesday that its Uber Eats business is partnering with Mitsubishi Electric and delivery robotics company Cartken to begin transporting food using self-driving robots in Japan. The sidewalk robot deliveries are set to start by the end of March in a select area of Tokyo, according to the companies. Uber Eats said Japan will be the first international site of its autonomous delivery operations, which have so far been limited to a few cities in the United States. The news out of Japan marks the latest joint effort by Uber Eats and Cartken, which already offer sidewalk robot deliveries in Miami and in Fairfax, Virginia. Uber Eats has also partnered with robotics companies Motional, Nuro and Serve Robotics to pilot autonomous deliveries in other U.S. cities.

Persons: Uber, Uber Eats, Cartken, Anjali Jindal Naik, Cartken's Organizations: Mitsubishi Electric, Google, Robotics Locations: Japan, Tokyo, United States, Oakland , California, Miami, Fairfax , Virginia, U.S

☆ Uber Eats is launching robot deliveries in Japan
▼ + stars: | 2024-02-20 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Uber Eats customers in Japan can soon have an autonomous robot deliver their food on the streets of Tokyo. Japan will be the first international market to have autonomous delivery available on the Uber Eats platform. Uber Eats is launching robot delivery services in Japan. Uber Eats and Cartken first partnered to launch autonomous robot delivery services in parts of Miami in 2022, and expanded robot delivery to Fairfax, Virginia, last year. “In the future, we will work with buildings and factory infrastructure, which is one of our strengths, so autonomous robots will be able to deliver inside various facilities.”

Persons: Uber, Cartken, Shoji Tanaka, ” Tanaka, ” Organizations: CNN, Mitsubishi, Mitsubishi Electric, Cartken’s, Germany, Development Division Locations: Japan, Tokyo, Miami, Fairfax , Virginia

TOKYO (AP) — A new Japanese flagship H3 rocket lifted off from a space station in southwestern Japan on Saturday in a key second test flight a year after its failed debut launch. The H3 rocket blasted off from a launch pad at the Tanegashima Space Center two days after its originally scheduled liftoff which was delayed due to bad weather. The rocket's initial flight has been smooth as planned, the Japan Aerospace Exploration Agency, or JAXA, said in its livestreaming. The launch is closely watched as a test for Japan’s space development after H3 failed in its debut flight last March. JAXA and its main contractor Mitsubishi Heavy Industries have been developing H3 as a successor to its current mainstay, H-2A, which is set to retire after two more flights.

Organizations: TOKYO, Space, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Associated Press Locations: Japan

☆ Japan Takes Another Shot at Next-Generation H3 Rocket Launch
▼ + stars: | 2024-02-14 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +5 min

The Japan Aerospace Exploration Agency (JAXA) plans to launch its second H3 on Saturday from its Tanegashima Space Center in southern Japan. The setbacks of the H3 and another small rocket, Epsilon, have caused widespread delays in Japanese satellite launches. Saturday's H3 launch carries a dumbbell-shaped 2.6-ton dummy mass simulating a satellite payload. Launch operator Mitsubishi Heavy hopes to launch six H3s a year once stable production is established. Another objective is to win orders from global clients, as satellite launch demands have skyrocketed thanks to affordable commercial vehicles such as SpaceX's reusable Falcon 9.

Persons: Kazuto Suzuki, Masayuki Eguchi, Lockheed Martin, Masashi Okada, Okada, Ko Ogasawara, Ogasawara, Kairos, Kantaro Komiya, Gerry Doyle Organizations: SLIM, University of Tokyo, Japan Aerospace Exploration Agency, JAXA, Mitsubishi Heavy Industries, Mitsubishi, Epsilon, Canon Electronics, U.S, European Space Agency, United Launch Alliance Vulcan, Boeing, Lockheed, Tokyo University of Science, Technologies Locations: TOKYO, Japan, United States, India, Tokyo

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

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