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TOKYO -- Honda Motor plans to invest 10 trillion yen ($65 billion) in electrification and software development over the decade up to the financial year ending March 2031 as it prepares to join the rapid shift to electric vehicles in highly competitive auto markets like China's, the carmaker said on Thursday.
TOKYO -- Nomura Holdings is pivoting away from the traditional brokerage business in favor of private assets, putting them at the center of a planned 40 trillion yen ($260 billion) increase in assets under management over the next several years.
PALO ALTO, California/TAIPEI/TOKYO -- Chinese EV makers including BYD are rushing to ship vehicles to Mexico and Brazil in preparation for tariff hikes and other trade restrictions, Nikkei Asia has learned. That comes as Washington announced 100% tariffs on Chinese EVs on Tuesday, a move that is expected to be followed by more trade actions aimed at electric vehicles from China by the U.S. and its allies.
TOKYO -- Nippon Life Insurance said Thursday it has agreed to spend over $3.8 billion for a 20% stake in U.S. life insurance provider Corebridge Financial, the move representing a full-fledged entry into the promising American insurance market in response to poor growth prospects at home.
TOKYO -- The Japanese yen strengthened to 153.57 against the dollar during Tokyo trading hours on Thursday after data released the day before showed U.S. consumer inflation cooled in April, stoking investor speculation the U.S. Federal Reserve could cut its policy rate in the fall.
Those spongy lumps of uncertain origin in instant cup noodles? Turns out consumers in Japan love them just as much as the main attraction.
TOKYO (AP) — The Japanese economy shrank at an annual rate of 2% in the first quarter of this year, as consumption and exports declined, the government said Thursday.
SEOUL -- South Korean President Yoon Suk Yeol's policy of rapprochement with Japan is coming under increasing pressure stemming from a dispute involving prominent technology companies from both countries.