Chinese tourists buying Gucci make Japan exception to global luxury slump
TOKYO -- Japan has been a bright spot in the worldwide gloom over LVMH, Kering and other luxury groups. A big reason: Chinese tourists taking advantage of a weak yen.
Nikkei staff writers in asian news
Nippon Steel goes straight to the mill to shore up U.S. Steel deal
TOKYO/NEW YORK -- Nippon Steel is on a mission to build grassroots support for its bid to acquire United States Steel, sending one of its top executives to engage directly with employees on the ground.
North Korea avoids contact with South Korea and U.S. at ASEAN talks
VIENTIANE/TOKYO -- North Korea's lack of high-level representation at yet another ASEAN-hosted conference suggests that Pyongyang is avoiding multilateral venues as it pursues closer relations with President Vladimir Putin's Russia.
Mitsubishi Motors to join Honda-Nissan alliance
TOKYO -- Mitsubishi Motors will join the Honda-Nissan alliance, Nikkei has learned. The tie-up, whose members sell more than 8 million vehicles worldwide, will consolidate the domestic market into two forces: the Toyota Motor Group and the Honda-Nissan-Mitsubishi alliance.
Southeast Asia IPO fundraising down 60% in first half as Indonesia slumps
VIENTIANE/MANILA/BANGKOK -- Initial public offerings in Southeast Asia raised 60% less in the first six months of 2024 than a year earlier, as higher interest rates and political transition have made investors tentative.
Toyota to set up EV battery plant on Japan's 'Silicon Island'
NAGOYA, Japan -- Toyota Motor will build a battery plant for electric vehicles in Kyushu, the southernmost of Japan's four main islands, Nikkei has learned. The company aims to position Kyushu, which is home to many auto and chip plants, as a central part of its EV supply chain and an export base to Asia.
Toyota to set up EV battery plant in Japan's 'Silicon Island'
NAGOYA, Japan -- Toyota Motor will build a battery plant for electric vehicles in Kyushu, the southernmost of Japan's four main islands, Nikkei has learned. The company aims to position Kyushu, which is home to many auto and semiconductor plants, as a central part of its EV supply chain and an export base to Asia.
Japan's Eisai eyes blood test for Alzheimer's drug eligibility
TOKYO -- Japanese pharmaceutical company Eisai is developing a blood test to determine whether patients with Alzheimer's disease can benefit from lecanemab, marking another step in its efforts to expand its dementia treatment and care business.