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Asian news from city Tokyo

Nikkei staff writer - AKANE OKUTSU - Australian wool threatened by low prices, industry body CEO says - asia.nikkei.com - Australia - city Tokyo

Australian wool threatened by low prices, industry body CEO says

TOKYO -- Australia's wool supply faces challenges as many producers are considering pulling out of the business as prices dip to about half their pre-pandemic peak, the head of Australian Wool Innovation (AWI) told Nikkei Asia.

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RYO ASAYAMA - Nikkei staff writer - Japan's Aeon to take on 4,000 skilled foreign workers by fiscal 2030 - asia.nikkei.com - Japan - city Tokyo

Japan's Aeon to take on 4,000 skilled foreign workers by fiscal 2030

TOKYO -- Leading Japanese retailer Aeon will take on 4,000 skilled foreign workers groupwide by fiscal 2030 amid severe labor shortages in Japan's food service sector, Nikkei has learned.

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YUICHI SHIGA - Nikkei staff writer - China's BYD launches first EV sedan model in Japan - asia.nikkei.com - Japan - China - city Tokyo

China's BYD launches first EV sedan model in Japan

TOKYO -- Chinese electric vehicle maker BYD released a new model sedan in Japan on Tuesday, hoping to raise its profile in a market dominated by domestic automakers.

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Nikkei staff writers - After U.S. job cuts, Sumitomo Pharma eyes layoffs in Japan - asia.nikkei.com - Japan - city Tokyo

After U.S. job cuts, Sumitomo Pharma eyes layoffs in Japan

TOKYO -- Sumitomo Pharma is considering laying off employees in its home market of Japan as early as this fiscal year, new President Toru Kimura told Nikkei, as the loss of U.S. exclusivity rights on the Latuda schizophrenia drug drags down its earnings.

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Nikkei staff writers - Japan LCC Zipair to add 2 aircraft and routes every year, CEO says - asia.nikkei.com - Japan - city Tokyo

Japan LCC Zipair to add 2 aircraft and routes every year, CEO says

NARITA, Japan -- Budget carrier Zipair Tokyo is planning to expand its international routes and flight capacity by adding two aircraft every year, the airline's chief said.

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MITSURU OBE - Nikkei Asia chief business news correspondent - Japan's rich embrace family offices amid market boom and weak yen - asia.nikkei.com - Japan - city Tokyo

Japan's rich embrace family offices amid market boom and weak yen

TOKYO -- Family offices are on the rise in Japan as business owners and their families seek a one-stop solution to concerns ranging from protecting family assets from inflation to tax planning.

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William Pesek - Masato Kanda - Shunichi Suzuki - 25-year weak yen obsession is blowing up on Tokyo - asiatimes.com - Japan - China - Usa - Washington - Turkey - Egypt - city Tokyo

25-year weak yen obsession is blowing up on Tokyo

Currency traders betting on a rebound in the yen would be wise to look past the officials currently in charge and listen instead to policy veterans who know better.

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Shunichi Suzuki - Nikkei staff writer - Choi Sang - As North Korea and Russia cozy up, Tokyo and Seoul clamp down - asia.nikkei.com - Japan - Russia - South Korea - North Korea - county Cooper - city Tokyo - city Pyongyang - city Moscow - city Sanction - city Seoul

As North Korea and Russia cozy up, Tokyo and Seoul clamp down

SEOUL -- Top Japanese and South Korean finance officials agreed Tuesday to cooperate on improving the effectiveness of sanctions against Russia and North Korea, as well as on tackling illicit funding for weapons development.

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