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"Given the fast-changing landscape, I believe those who move fast (with wage hikes) should become competitive." A demand made this year by Rengo, Japan's largest trade union confederation, for pay hikes of "around 5%" resulted in average wage hikes of 3.58% among major companies. Six out of 10 economists in a Reuters poll expect major firms' pay hikes in 2024 to exceed this year's. The key, however, would be whether wage hikes broaden to smaller firms and those in the regional areas. A report by the BOJ's regional branch managers in October warned wage hikes remained uneven among sectors with many firms undecided on next year's pay increments.

Persons: Kim Kyung, Takeshi Niinami, Fumio, Kazuo Ueda, Hisashi Yamada, Rengo, Atsushi Takeda, Kishida, Keita Kondo, Tetsushi Kajimoto, Kentaro Sugiyama, Sam Holmes, Leika Organizations: REUTERS, Rights, Suntory Holdings Ltd, Reuters, Meiji, Life Insurance, Suntory Holdings, Bank, Japan, Hosei University, OECD, UA Zensen, Itochu Economic Research Institute, Thomson Locations: Tokyo, Japan, Ukraine, Saitama

"Given the absence of a growth engine, it wouldn't surprise me if the Japanese economy contracted again in the current quarter. The risk of Japan falling into recession cannot be ruled out," said Takeshi Minami, chief economist at Norinchukin Research Institute. "The weak growth and the spectre of slowing inflation could delay the BOJ's exit from negative interest rates," he said. Japan’s economy contracts in the third quarterThe weak reading reflects lacklustre consumption and capital expenditure, dashing policymakers' hopes for a post-pandemic rebound in domestic activity to offset weaker external demand from China and elsewhere. He said better net exports, underpinned by car shipments and tourism, helped lift growth in the second quarter, belying the weakness in domestic demand.

Persons: Androniki, Takeshi Minami, Stefan Angrick, Angrick, Fumio Kishida, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Norinchukin Research, Gross, Moody's, Thomson Locations: Tokyo, Japan, TOKYO, China

China detained the executive, named in several media reports as Hiroshi Nishiyama, on suspicion of espionage in March, and he was formally arrested last month. Japan's then foreign minister protested the executive's detention with his Chinese counterpart on a visit to Beijing in April. China's foreign ministry did not immediately respond to a request for comment. Half the respondents in a recent survey of Japanese companies doing business in China said they would cut investments this year. It's a very difficult point in time to be navigating that as a decision maker, in business or politics," he said.

Persons: Fumio Kishida, Xi Jinping, Rahm Emanuel, Hiroshi Nishiyama, Japan's, Xi, Masashi Mizobuchi, Nishiyama, Takeshi Niinami, Niinami, Stefan Angrick, Yukiko Toyoda, Kiyoshi Takenaka, John Geddie, Sakura Murakami, Francis Tang, Laurie Chen, Antoni Slodkowski, Andrew Silver, Lincoln Organizations: Economic Cooperation, Kyodo, drugmaker Astellas Pharma, APEC, Reuters, Japanese Chamber of Commerce, Japan Association of Corporate, Suntory, Moody's Analytics, Thomson Locations: Asia, Bangkok, Thailand, TOKYO, BEIJING, China, San Francisco, Tokyo, U.S, Japan, Beijing, officialdom, Shanghai

LONDON (AP) — Health ministers in the Western Pacific nominated a surgeon from Tonga, Dr. Saia Ma'u Piukala, to lead the World Health Organization's regional office at a meeting in Manila on Tuesday. Piukala's nomination for WHO's top job in the Western Pacific comes months after the U.N. health agency fired its previous director, Dr. Takeshi Kasai, following allegations of racism and misconduct first reported by The Associated Press last year. Piukala was most recently Tonga's minister of health and defeated rival candidates from China, the Philippines, the Solomon Islands and Vietnam. Days after the AP report, WHO Director-General Tedros Adhanom Ghebreyesus announced that an internal investigation into Kasai had begun. ___The Associated Press health and science department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.

Persons: Saia Ma'u, Takeshi Kasai, Piukala, ” Kasai, Tedros Adhanom Ghebreyesus, ”, ” Piukala, Temo Waqanivalu Organizations: —, Western Pacific, Health, The Associated Press, WHO, AP, Associated Press, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: Tonga, Manila, Western Pacific, China, Philippines, Solomon Islands, Vietnam, Kasai, Pacific, Western, Syria, Congo

☆ Japan's lunar startup ispace delays NASA-sponsored mission to 2026
▼ + stars: | 2023-09-28 | by ( Kantaro Komiya | Thomson Reuters | Kantaro Writes About Everything Japan'S Economic Indicators To North Korea'S Missiles To Global Regulation On Ai Companies. His Previous Stories Have Been Published In The Associated Press | ) www.reuters.com time to read: +2 min

TOKYO, Sept 28 (Reuters) - Japan's lunar transport startup ispace inc (9348.T) said on Thursday it would postpone a future moon landing mission by a year to 2026 to better prepare for a commission by U.S. agency NASA, as well as deal with component supply delays. Tokyo-based ispace attempted its first lunar landing with the Hakuto-R Mission 1 spacecraft in April, which failed due to an altitude miscalculation. The U.S. unit of ispace, which has partnered with spacecraft software developer Draper to build lunar landers, has also encountered procurement delays for some parts, Hakamada said. Mitsui Sumitomo Insurance Group, a MS&AD (8725.T) unit, paid 3.7 billion yen last month to ispace for Hakuto-R Mission 1's failure. The unsuccessful landing resulted in a steep sell-off, but the shares have since recovered, closing on Thursday at 1,401 yen.

Persons: ispace, Takeshi Hakamada, Draper, Hakamada, Kantaro Komiya, Himani Sarkar, Miral Organizations: U.S, NASA, Financial Times, Mitsui Sumitomo Insurance Group, Tokyo Stock Exchange, Thomson Locations: TOKYO, Tokyo, U.S

Real wages adjusted for inflation fell in July for a 16th straight month in a sign households continued to feel the pinch from rising prices, separate data showed, boding ill for consumption. Exports remained solid in April-June with net external demand contributing 1.8% points to GDP growth, unchanged from the preliminary reading. But shipments to China slumped 13.4% in July to mark the 8th straight month of falls. Japan's economy has seen a delayed recovery from the COVID-19 pandemic this year, as rising living costs faltering global demand cloud the outlook. Given such uncertainties, Bank of Japan policymakers have stressed their resolve to keep monetary policy ultra-loose until the recent cost-driven inflation turns into price rises driven by domestic demand and higher wage growth.

Persons: Kim Kyung, Takeshi Minami, Yoshifumi Takemoto, Sam Holmes Organizations: Food, REUTERS, Norinchukin Research, Private, Bank of Japan, Thomson Locations: Soma, Fukushima Prefecture, Japan, TOKYO, China, Norinchukin

☆ Analysis-China's economic gloom hangs over Japan's long-awaited recovery
▼ + stars: | 2023-09-06 | by ( Tetsushi Kajimoto | Leika Kihara | ) www.reuters.com time to read: +5 min

TOKYO (Reuters) - Policymakers in Tokyo believe China’s deepening economic woes could hit Japan’s fragile recovery, especially if Beijing fails to shore up demand with meaningful stimulus, potentially delaying an exit from ultra-loose monetary policy. China is Japan’s largest trading partner, accounting for 20% of its exports, having replaced the United States in 2020. “Exports to China had already been weak and headwinds to inbound tourism are clearly bad for Japan’s economy,” said Toru Suehiro, chief economist at Daiwa Securities. Firms also promised wage hikes unseen in three decades this year, heightening the case for a retreat from decades of ultra-loose monetary policy. The darkening outlook for Japan’s recovery may push back the timing of a BOJ policy shift.

Persons: Marko Djurica, Kazuo Ueda’s, ”, Hiroyuki Ogawa, Ogawa, Takeshi Niinami, Toru Suehiro, Ueda, Toyoaki Nakamura, “, Seisaku Kameda Organizations: REUTERS, Bank of Japan’s, Reuters, Japan, Komatsu Ltd, Komatsu, Suntory Holdings, Daiwa Securities, Japan’s Sompo Holdings Locations: TOKYO, Tokyo, Beijing, Japan, United States, China

In a sign of growing pessimism over China, the government also said its monthly economic report for August that "concern over China's outlook" was among risks to Japan's recovery. "Exports to China had already been weak and headwinds to inbound tourism are clearly bad for Japan's economy," said Toru Suehiro, chief economist at Daiwa Securities. "All in all, it's hard to justify tightening monetary policy any time soon." Firms also promised wage hikes unseen in three decades this year, heightening the case for a retreat from decades of ultra-loose monetary policy. The darkening outlook for Japan's recovery may push back the timing of a BOJ policy shift.

Persons: Marko Djurica, Kazuo Ueda's, Hiroyuki Ogawa, Ogawa, Takeshi Niinami, Toru Suehiro, Ueda, Toyoaki Nakamura, Seisaku Kameda, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Bank of Japan's, Reuters, Japan, Komatsu Ltd, Komatsu, Suntory Holdings, Daiwa Securities, Japan's Sompo Holdings, Thomson Locations: Tokyo, Japan, China, TOKYO, Beijing, United States

☆ Japan capex growth weakens with companies wary about China slowdown
▼ + stars: | 2023-09-01 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Capital expenditures climbed 4.5% from a year earlier and fell 1.2% on a seasonally adjusted quarterly basis, finance ministry data showed. If that spreads to bigger cities, that will cool demand for China-bound shipments and capex," said Takeshi Minami, chief economist at Norinchukin Research Institute. If Europe and America, which have held firm so far, cave to inflation pressure, that would further sap Japanese corporate appetite for investment." The capex data will be used to calculate revised gross domestic product figures due on Sept. 8. Corporate recurring profits surged 11.6% during the second quarter from the same period a year ago to hit a record 31.6 trillion yen, while corporate revenues rose 5.8%.

Persons: Takeshi Minami, Minami, Tetsushi Kajimoto, Tom Hogue, Edwina Gibbs Organizations: Norinchukin Research, Thomson Locations: TOKYO, China, Japan, U.S, Europe, America

☆ Japan's core inflation eases, bolstering view BOJ will stand pat
▼ + stars: | 2023-08-18 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

The 3.1% rise in the core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, matched a median market forecast, following a 3.3% increase in the previous month. The so-called core-core inflation index, which excludes fresh food and energy prices and is closely watched by the BOJ as a better gauge of trend inflation, rose 4.3% year-on-year in July, accelerating from the previous month. Still, analysts say an acceleration in service-led inflation is a positive sign that demand-side inflation, which the BOJ is looking to stoke, may be building. Gabriel Ng, economist at Capital Economics, said the key question is whether services inflation can pick up the baton. Food costs were among the major contributors to the overall inflation due to elevated prices of raw materials.

Persons: Takeshi Minami, Gabriel Ng, Ng, Kazuo Ueda, Tetsushi Kajimoto, Sam Holmes Organizations: Bank of Japan, Norinchukin Research, Capital Economics, Reuters, Thomson Locations: TOKYO, stoke

☆ Japan exports fall for first time since 2021, stoking concerns about outlook
▼ + stars: | 2023-08-17 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +4 min

Ministry of Finance (MOF) data out Thursday showed Japanese exports fell 0.3% in July year-on-year, compared with a 0.8% decrease expected by economists in a Reuters poll. However, manufacturers are braced for core orders to slide during the current quarter, partly due to the impact from weak offshore demand. Japan exports fall for first time since 2021However, the spectre of a sharper global slowdown and faltering growth in its major market China have raised concerns about the outlook. GLOOMY OUTLOOK TO KEEP BOJ ON HOLD"The Bank of Japan must be aware of downside risks from the global economy. Separate data showed Japan's core machinery orders rose 2.7% in June from the previous month.

Persons: Toru Hanai, Takeshi Minami, Minami, Marcel Thieliant, Tetsushi, Shri Navaratnam Organizations: REUTERS, Ministry of Finance, Norinchukin Research, Bank of Japan, Manufacturers, Cabinet, Capital Economics, Thomson Locations: Tokyo, Japan, TOKYO, China, Europe, America, Asia

☆ We are offering more less-alcohol and non-alcohol drinks given consumer trends: Suntory CEO
▼ + stars: | 2023-08-14 | 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 EmailWe are offering more less-alcohol and non-alcohol drinks given consumer trends: Suntory CEOTakeshi Niinami, President and CEO of Suntory Holdings, discusses the company’s product strategies amid persistent inflationary pressure and changing consumer trends.

Persons: Takeshi Niinami Organizations: Suntory, Suntory Holdings

☆ Japan wholesale inflation slows again, bolstering case for stimulus
▼ + stars: | 2023-08-10 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

REUTERS/Yuya Shino/File PhotoSummary Wholesale inflation slowest since March 2021Govt subsidy on utility bills weighs on wholesale pricesEasing inflation may keep BOJ stimulus intact for nowTOKYO, Aug 10 (Reuters) - Japan's wholesale inflation eased for a seventh month in July as pressure from high global commodity prices eased, a development economists say is likely to encourage the central bank to keep its monetary stimulus in place. It was the slowest wholesale inflation since March 2021 when prices turned positive to mark 1.0% growth, Bank of Japan (BOJ) data showed. After peaking at 10.6% in December, wholesale inflation has decelerated for seven months in a row. On the month, wholesale prices rose 0.1%, up for the first time in three months. As domestic corporate goods prices continue to slow, consumer prices will also slow from autumn," said Takeshi Minami, chief economist at the Norinchukin Research Institute.

Persons: Yuya, Takeshi Minami, Tetsushi Kajimoto, Sam Holmes, Shron Singleton Organizations: REUTERS, Bank of Japan, Norinchukin Research, Thomson Locations: Tokyo, Japan, TOKYO

☆ Japan exports underwhelm in June, global weakness drags on economy
▼ + stars: | 2023-07-20 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Exports were led by U.S.-bound shipments of cars and mining machinery, while China-bound shipments of steel, chips and nonferrous metal caused a double-digit decline in overall exports to China. "Going forward, it could be hard for Japan to maintain a trade surplus in a stable manner unless exports regain strength and global commodity prices keep import costs low." The overall trade numbers produced a trade surplus of 43 billion yen ($308.11 million), confounding the median estimate for a 90.1 billion yen deficit. U.S.-bound shipments, Japan's major ally, rose 11.7% year-on-year in June, led by shipments of cars, construction and mining machinery, following a 9.4% rise in the previous month. ($1 = 139.5600 yen)Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Takeshi Minami, Tetsushi Kajimoto, Shri Navaratnam, Stephen Coates Organizations: Ministry of Finance, U.S, Norinchukin Research, Thomson Locations: TOKYO, Japan, China, .

☆ Suntory CEO on Japan's economy: We are now facing a tipping point from deflation to inflation
▼ + 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 EmailSuntory CEO on Japan's economy: We are now facing a tipping point from deflation to inflationSuntory Holdings CEO Takeshi Niinami joins 'Squawk on the Street' to discuss how global investors have 'discovered' Japan, whether the central bank of Japan will continue raising rates, and more.

Persons: Takeshi Niinami Organizations: Suntory Locations: Japan

However, there is uncertainty about how long households can weather price hikes and generate inflation driven more by demand, which holds the key to whether BOJ's 2% target can be achieved in a sustainable manner, analysts say. The Tokyo core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 3.2% in June from a year earlier, accelerating from a 3.1% gain in May. While companies offered wage hikes unseen in three decades this year, inflation-adjusted real pay continues to fall in a sign of pain consumers are feeling from the wave of price hikes. BOJ Governor Kazuo Ueda has repeatedly said the BOJ will maintain ultra-loose policy until stronger wage growth keeps inflation sustainably around its 2% target. "The BOJ may revise up its inflation forecast but probably keep policy steady in July," said Takeshi Minami, chief economist at Norinchukin Research Institute.

Persons: Yoshiki Shinke, Teikoku Databank, Kazuo Ueda, Ryozo Himino, Takeshi Minami, Takahiko Wada, Leika, Satoshi Sugiyama, Kantaro, Sam Holmes Organizations: Bank of Japan, Dai, Research, Reuters, BOJ, Norinchukin Research, Thomson Locations: Tokyo, TOKYO

Ministry of Finance data showed on Thursday that exports rose 0.6% year-on-year in May, for the 27th straight month of rises, led by 66% growth in car shipments. Reuters GraphicsThis year, domestic demand may temporarily outpace slumping exports as a key driver of growth, said Takeshi Minami, chief economist at Norinchukin Research Institute. Separate government machinery orders data, also released Thursday, underlined the struggles faced by manufacturers though the overall numbers suggested the services sector is providing some cushion to the economy. U.S.-bound exports, another key market for Japanese exports, grew 9.4% in the year to May on double-digit gain in car shipment. "For the outlook of Japanese exports, the U.S. Fed's rate-hike pause is a positive news that will further vitalise American private consumption", said Kazuma Kishikawa, economist at Daiwa Institute of Research.

Persons: Darren Tay, Takeshi Minami, Kazuma Kishikawa, Tetsushi Kajimoto, Riddhima Talwani, Shri Navaratnam Organizations: Ministry of Finance, Capital Economics, Reuters, Norinchukin Research, Bank of Japan, Daiwa Institute of Research, Thomson Locations: TOKYO, Taiwan, South Korea, Japan, China, U.S

☆ Japan's Kitano says he held back in bloody samurai film 'Kubi'
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

CANNES, May 26 (Reuters) - Japanese director Takeshi Kitano said that he held back in showing too much blood and gore in "Kubi", his new ultraviolent samurai film that features beheadings faster than can be counted. Kitano said that the violence reflected how battles were fought at the time and that the film actually held back. "The way they fought ... it's very barbaric, so we tried to limit ourselves from showing too much," said Kitano. The samurai of "Kubi" are, in Kitano's eyes, not so different from the yakuza crime syndicate members portrayed in his previous film that showed at Cannes, 2010's "The Outrage". The samurai are trying to get to the top of the food chain by being the toughest fighters, "but they are not smart.

☆ Japan’s Ispace reveals why its lunar lander crashed
▼ + stars: | 2023-05-26 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

“While the lander estimated its own altitude to be zero, or on the lunar surface, it was later determined to be at an altitude of approximately 5 kms (3.1 miles) above the lunar surface,” according to Ispace’s news release. The company received valuable data to fine-tune its lunar lander design for another attempt, Hakamada said. The lunar lander was carrying the Rashid rover — the first Arab-built lunar spacecraft, which was developed by Mohammed bin Rashid Space Centre in Dubai, United Arab Emirates. Even before the failed landing attempt, Ispace had been bracing for mishaps. That same year, the Indian Space and Research Organisation lost contact with a lunar lander shortly before it was slated to touch down on the moon.

☆ Japanese Moon Lander Crashed Because It Was Still Three Miles Up, Not on the Ground
▼ + stars: | 2023-05-26 | by ( Kenneth Chang | ) www.nytimes.com time to read: +3 min

The Beresheet lander, from an Israeli nonprofit named SpaceIL, launched to the moon in 2019, but it crashed. The Indian Space Research Organization attempted to land a lunar spacecraft the same year, too, and that vehicle, Vikram, also crashed. Only China has landed robotic spacecraft on the moon recently, with three successes in three attempts over the past decade. Ispace had obtained insurance for the lander, and the financial impacts on the company would be small, Mr. Hakamada said. The Indian space agency also announced this week that Chandrayaan-3, a follow-up to its moon landing attempt in 2019, could launch as early as July 12.

Persons: ”, Ryo Ujiie, “, Vikram, Takeshi Hakamada, ” Mr, Hakamada, Ispace Organizations: Draper Laboratory of Cambridge, NASA, Lunar Reconnaissance, Indian Space Research Organization, Technology, Pittsburgh, Houston Locations: China

☆ Japan's export growth hits two-year low on weak China demand
▼ + stars: | 2023-05-18 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

It also marked the weakest gain since February 2021 when exports declined 4.5%. Exports have expanded every month since the February 2021 decline, helped in part by a weaker yen that makes Japanese products competitive. "The global economy will slow further in the latter half of this year, so you cannot count on either domestic or external demand, leaving Japan's economy in a soft patch." By destination, Japanese exports to China, the country's largest trading partner, dropped 2.9% in April year-on-year, dragged by declines in cars, car parts and steel shipments. Likewise, Japan's shipments to Asia fell 6.3% year-on-year in April, down for a fourth straight month.

☆ Japan's wholesale inflation slows, may ease pressure on BOJ
▼ + stars: | 2023-05-15 | by ( Leika Kihara | ) www.reuters.com time to read: +2 min

The data may diminish market expectations that broadening inflationary pressure will prod the Bank of Japan to seek an early exit from ultra-low interest rates. "Having said that, we'll likely see price growth slow as import-driven inflationary pressure is already subsiding." Analysts are closely watching moves in wholesale prices, considered a leading indicator of consumer price trends, for clues on whether consumer inflation will heighten enough for the BOJ to phase out its massive stimulus. Japan's core consumer inflation hit 3.1% in March and an index excluding fuel costs rose at the fastest annual pace in four decades in a sign of broadening price pressure. BOJ Governor Kazuo Ueda has said the central bank will keep monetary policy ultra-loose unless the recent rise in consumer inflation is driven more by robust domestic demand, and accompanied by higher wage growth.

☆ Japanese ispace moon landing attempt falls short at 'very end,' CEO says
▼ + stars: | 2023-04-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Earth rises above the surface of the moon, as seen from the company's lander in lunar orbit in April 2023. Japanese lunar exploration company ispace attempted to land its first cargo mission on the moon on Tuesday, but lost communication with the spacecraft and has deemed the attempt unsuccessful, CEO Takeshi Hakamada said. "We have not been able to confirm a successful landing on the lunar surface," Hakamada said, speaking from Tokyo, Japan. The Tokyo-based company's Mission 1 lunar lander was aiming to softly touch down around 12:40 p.m. "We have to assume that we could not complete the landing on the lunar surface," Hakamada said.

[1/6] Takeshi Hakamada, "ispace" 's founder and chief executive, is pictured at a venue to watch landing of the lander in HAKUTO-R lunar exploration program on the Moon, in Tokyo, Japan, April 26, 2023. REUTERS/Kim Kyung-HoonTOKYO, April 25 (Reuters) - Japanese startup ispace (9348.T) said its attempt to make the first private moon landing had failed on Tuesday after losing contact with its Hakuto-R Mission 1 (M1) lander, concluding it had most likely crashed on the lunar surface. The M1 lander appeared set to autonomously touch down about 12:40 p.m. Eastern time (1640 GMT Tuesday) after coming as close as 295 feet (90 meters) from the lunar surface, a live animation of the lander's telemetry showed. The company said in a statement Wednesday in Japan that it believes the spacecraft may have made a "hard landing" on the lunar surface. The M1 also carried an experimental solid-state battery made by NGK Spark Plug Co (5334.T), among other objects to gauge how they perform on the moon.

☆ Japanese company ispace fears its probe crashed into the moon, failing to snag the first private lunar landing
▼ + stars: | 2023-04-25 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

Japanese company ispace fears its lunar lander crashed into the moon on Tuesday. The HAKUTO-R M1 lunar lander dropped out of communications at the very end of its landing attempt. That operation was conducted by nonprofit SpaceIL, in its own attempt to claim the first private moon landing. Beresheet's engine went out as it descended, then SpaceIL lost communication with the spacecraft, indicating it had crashed into the lunar surface. NASA/GSFC/Arizona State University; Business InsiderJust months later, India's first attempt to land on the lunar surface met a similar fate.

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