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Asia-Pacific markets were set to open lower on Friday with Japan's Nikkei 225 futures pointing to a near 4% plunge for the index, extending losses from Thursday, after Wall Street sell-off overnight.
OSAKA -- Nippon Shokubai, the world's largest supplier of absorbent material for disposable diapers, will spend $110 million to expand production capacity in Indonesia by more than 50%, Nikkei has learned.
Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.
Asia-Pacific markets were mixed on Thursday, after comments from U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut could come in September if inflation data remains "encouraging."
JAKARTA -- Southeast Asian countries looking to enter the electric vehicle supply chain must do more to reduce costs if they want to take advantage of the trade friction between China and the West over EVs, Boston Consulting Group's Asia-Pacific chief told Nikkei Asia.
Japan's central bank has raised its benchmark interest rate to "around 0.25%" from its previous range of 0% to 0.1% and outlined its plan to taper its bond buying program.
TAIPEI -- Taiwan Semiconductor Manufacturing Co. will hold a groundbreaking ceremony next month in Dresden, Germany, for its first plant in Europe, the latest milestone as the world's top chipmaker expands its global production footprint, sources briefed on the matter told Nikkei Asia.
TOKYO -- Japan's Isuzu Motors will start selling locally assembled compact electric trucks in North America in August and expand into midsize trucks in 2026, ahead of the U.S. government's implementation of stricter vehicle emissions regulations, starting in 2027, Nikkei has learned.