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Asian news from Tokyo

Nikkei staff writer - YOHEI HIROSE - Japan's smaller companies gain leeway to raise pay on steady profits - asia.nikkei.com - Japan -  Tokyo

Japan's smaller companies gain leeway to raise pay on steady profits

TOKYO -- Japan's small and midsize businesses have growing room to raise wages, official data published Monday suggests, stoking hopes of hikes across a wider range of companies this year.

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Nikkei staff writer - Philippines - Japan furniture seller Nitori to open first Philippines store in Manila - asia.nikkei.com - Japan -  Tokyo - Philippines -  Manila

Japan furniture seller Nitori to open first Philippines store in Manila

TOKYO -- Japanese furniture retailer Nitori Holdings said Monday it is expanding into the Philippines with a store set to open next month, extending the company's push into Asian countries beyond its home market.

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Japan and U.S. stock rallies fueled by tech on AI boom - asia.nikkei.com - Japan -  Tokyo - Usa

Japan and U.S. stock rallies fueled by tech on AI boom

TOKYO -- As  Japanese and U.S. shares reach new highs fueled by the tech sector, strong earnings have allayed concerns about overheating, but the concentration of money in a handful of stocks has invited comparisons to the 1990s dot-com boom.

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Nikkei staff writers - Japan's Nikkei average closes above 40,000, led by booming chip stocks - asia.nikkei.com - Japan -  Tokyo

Japan's Nikkei average closes above 40,000, led by booming chip stocks

TOKYO -- Japan's benchmark Nikkei Stock Average reached the key milestone of 40,000 on Monday, mainly led by gains in semiconductor stocks, which have been boosted by expectation of higher demand for generative artificial intelligence.

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Mitsubishi Corp. to invest in Canadian lithium project - asia.nikkei.com - Japan -  Tokyo - Canada - China - Usa - county Canadian - county Ontario

Mitsubishi Corp. to invest in Canadian lithium project

TOKYO -- Japanese trading house Mitsubishi Corp. is teaming with a Canadian miner to develop a lithium mine in Ontario, looking to create a supply chain that does not rely on Chinese refining amid geopolitical tensions.

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Nikkei staff writers - Sumitomo Pharma to cut 400 jobs at U.S. subsidiary - asia.nikkei.com -  Tokyo

Sumitomo Pharma to cut 400 jobs at U.S. subsidiary

TOKYO -- Sumitomo Pharma will lay off about 400 employees at its U.S. subsidiary in March, the company announced on Monday, on slow sales and the end of the exclusivity period for its schizophrenia drug Latuda.

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South Korea's plan to boost stock market disappoints investors - asia.nikkei.com -  Tokyo - South Korea

South Korea's plan to boost stock market disappoints investors

TOKYO -- The South Korean financial regulator's new plan to shore up the stock market has disappointed investors who expected more concrete changes. 

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MARI YAMAGUCHI - 24 fishermen rescued from half-submerged ship in rough seas off Japanese island, but 1 found dead - apnews.com - Japan -  Tokyo - Indonesia - county Pacific

24 fishermen rescued from half-submerged ship in rough seas off Japanese island, but 1 found dead

TOKYO (AP) — A Japanese coast guard helicopter rescued 24 fishermen as they desperately clung to the deck of a tilting, half-submerged ship being pounded by high waves Monday morning off an island chain southwest of Tokyo. One crewmember thrown from the rocking ship into the rough seas before the arrival of the rescuers was found dead.

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