Japan's PM Abe and India's premier Modi are set to seal a civilian nuclear cooperation deal, allowing exports of crucial Japanese technology to India. But concerns remain about India's nuclear non-proliferation status.
Japan
OpenAI Opens Tokyo Office, Marking Its Entry Into Asian Market
AI startup OpenAI opened its first Asia headquarters in Tokyo to attract Japanese customers and boost revenue.
Toyota to Take Charge of Car Development at Subsidiary Daihatsu After Safety Test Scandal
Daihatsu's president indicated that Toyota will oversee model certification to rebuild trust following a safety test scandal.
Four Deaths May Be Linked to Dietary Supplements Made by Japan’s Kobayashi Pharmaceutical: Report
Four fatalities and over 100 hospitalizations may have been caused by nutritional supplements from Kobayashi Pharmaceutical.
Bank of Japan Departs From Negative Interest Rate Policy, Boosting Confidence in Economic Growth
The Bank of Japan's decision to abandon its negative interest rate policy, coupled with its first rate hike in 17 years, reflects confidence in Japan's economic growth, driven by significant wage increases. Still, experts anticipate minimal immediate impact on the public.
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Japan is making Philippines feel how reliable they are as it enters deal of maritime defense with Duterte's country.
An earthquake with at least 6.0 magnitude has hit the southwestern part of Japan causing nine deaths and injuring more than 800. Though no Tsunami warning has been served, but more than 100 aftershocks have created panic among the residents of the most hit town Mashiki. Japanese Prime Minister has vowed to do everything in life-saving and rescue operations.
Stocks in the US had a higher opening on Wall Street on the optimistic thought of additional Chinese economic incentive. Global stocks improved after a series of decline in a year, helped by Chinese trade number that showed signs of economic recovery across the world.
Honda, the Japan-based automaker, widened its sales portfolio to a robust 4,500 touch points from nearly 800 outlets. Honda's market share increased to 26% from 15% at the end of March 2011.
Chinese stocks rose on Monday over the belief that lenient inflation data would promote policymakers to elevate the economic condition by additional financial easing. The benchmark Shanghai composite Index in China ended the trading session at 30333.96.
The market share of Nippon Ceramic's 92 cents sensor increased amid the growing interest in the autonomous driving sector. Automakers like Ford Motor and Toyota Motor along with technology companies like Google, Alphabet, and Baidu intend to unveil robot cars within the next five years.
LNG supporters are worried about the continuous fall in the industry amid oil price recovery. Liquefied natural gas prices continue its downhill slide despite a 50% surge in Brent oil prices.
Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Yahoo's Japan subsidiary.
Oil price, Asian stocks and bond yields were trading marginally higher on Friday ending the week on positive mode. Japanese currency Yen continued to rise against US dollar and this also further aided Asian stocks.
