Korea’s economy headed nowhere fast under Yoon
TOKYO – The champagne isn’t exactly flowing as South Korea’s Yoon Suk Yeol commemorates the two-year mark of his presidency.
Asian news from Tokyo
Bread loaves recalled in Japan after ‘rat remains’ were found
TOKYO (AP) — Loaves of bread have been taken off store shelves in Japan after the remains of “a small animal” believed to be a rat were found.
Japanese defense aircraft makes emergency landing after window glitch. No injuries were reported
TOKYO (AP) — A Japanese defense aircraft carrying eight people made an emergency landing at a commercial airport in central Japan Thursday after a cockpit window inadvertently slid open during its training flight, officials said. No damage or injuries were reported.
Panasonic racks up record profit on back of U.S. subsidy
TOKYO -- Japan's Panasonic Holdings reported a record net profit of 443 billion yen ($2.8 billion) for the fiscal year ended in March, on the back of temporary tailwinds including a U.S. government electric vehicle battery subsidy. But the major Tesla supplier is forecasting difficult times ahead as the EV market slows.
Toyota to invest $13bn in EVs, AI and supply chain
TOKYO -- Toyota Motor on Wednesday reported a record net profit of 4.9 trillion yen ($31.8 billion) for the financial year ended March, double that of the previous 12 months, helped by a weak yen and accelerating demand for hybrid vehicles.
Japan Fisheries Agency proposes allowing commercial catching of fin whales
TOKYO (AP) — Japan’s Fisheries Agency on Thursday proposed a plan to allow catching fin whales in addition to three smaller whale species currently permitted under the country’s commercial whaling around its coasts.
Russia builds surveillance bases near northern Japan. Is it ‘punishing’ Tokyo for supporting Ukraine?
Defence Minister Sergei Shoigu announced the new construction on the Kuril Islands on Friday, Russian state news agency TASS reported. The islands, the most southerly of which lie within sight of Hokkaido, were seized by Soviet troops in the closing days of World War II.
BOJ board turns hawkish, with many calling for more rate hikes
TOKYO (Reuters) -- Bank of Japan board members turned overwhelmingly hawkish at their April policy meeting, with many calling for raising interest rates steadily to forestall risks of an inflation overshoot, a summary of opinions at the meeting showed.