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Asian news from Tokyo

Nikkei staff writer - JUNTARO ARAI - Developing countries face record interest payments as rates rise - asia.nikkei.com -  Tokyo

Developing countries face record interest payments as rates rise

TOKYO -- The world's developing countries were expected to pay a record $150 billion-plus in interest on external debt in 2023 and again in 2024, according to the World Bank, raising concerns over the potential effect on the global economy.

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Nikkei staff writer - Japan stock buybacks hit $57bn, speeding toward annual record - asia.nikkei.com - Japan -  Tokyo

Japan stock buybacks hit $57bn, speeding toward annual record

TOKYO -- Share buybacks in Japan are running at a record pace this year as listed companies respond to pressure to use capital more efficiently.

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HIROFUMI KANAOKA - Nikkei staff writer - China accounts for half of Japan's chipmaking equipment exports - asia.nikkei.com - Japan -  Tokyo - China

China accounts for half of Japan's chipmaking equipment exports

TOKYO -- At least 50% of Japan's exports of semiconductor manufacturing equipment went to China for a third straight quarter in the three months through March, amid an apparent surge in demand for less advanced gear spurred by U.S.-led trade restrictions.

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Japan to stick to goal of primary budget surplus next fiscal year - asia.nikkei.com - Japan -  Tokyo

Japan to stick to goal of primary budget surplus next fiscal year

TOKYO (Reuters) -- Japan plans to stick to its goal of achieving a primary budget surplus in the next fiscal year, according to a draft of annual policy guidelines for budget planning.

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Jessie Yeung - She thought she found love in a Japanese host club. Then the bills ballooned – and she was coerced into sex work - edition.cnn.com - Japan -  Tokyo

She thought she found love in a Japanese host club. Then the bills ballooned – and she was coerced into sex work

Tokyo CNN —

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Nikkei staff writer - TAMAYO MUTO - Japan, U.S. form working group for joint missile production - asia.nikkei.com - Japan -  Tokyo - county Emanuel

Japan, U.S. form working group for joint missile production

TOKYO -- Japan and the U.S. concluded a series of meetings aimed at promoting defense industry cooperation in Tokyo on Tuesday in which they agreed to set up working groups on joint missile production, ship and aircraft repair, and supply chain resiliency.

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John Lee - Nikkei staff writers - Hong Kong fires back after U.K. judge warns of 'totalitarian' turn - asia.nikkei.com -  Tokyo - China - Hong Kong - Britain - county Lee

Hong Kong fires back after U.K. judge warns of 'totalitarian' turn

TOKYO/HONG KONG -- Hong Kong Chief Executive John Lee fired back on Tuesday after a British former top court judge published a stinging criticism of the erosion of judicial independence in the city.

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Sheila Chiang - Ripple launches new fund to drive blockchain innovation in Japan and South Korea - cnbc.com - Japan -  Tokyo - South Korea

Ripple launches new fund to drive blockchain innovation in Japan and South Korea

Blockchain firm Ripple has launched a Japan and Korea fund, aimed at driving innovation on the XRP Ledger as it continues to expand its presence in Asia-Pacific.

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