Japan's NYK becomes national champion for next-gen shipbuilding
TOKYO --Plans for a using a novel type of energy transport ship were announced on April 24, not one that hauls oil or natural gas, but a vessel that transports electricity in batteries.
Asian news from Tokyo
Japan weighs regulating AI developers, following U.S. and EU
TOKYO/BRUSSELS/WASHINGTON -- Japan is considering regulating large domestic and international AI developers to limit risks to society such as the spread of misinformation, following steps taken by the U.S. and the European Union.
Discord hits BTS agency Hybe's shares, as subsidiary feud festers
TOKYO -- Stock in Hybe, the company behind K-pop sensation BTS, has plunged as a feud with one of its powerhouse subsidiaries sows disharmony at the entertainment giant and signals a new risk to its ownership of several music labels.
China flexes muscle at sea as new aircraft carrier starts trials
TOKYO -- China's newest aircraft carrier, the Fujian, set out for its first sea trials on Wednesday, the latest milestone in Beijing's military buildup as tensions simmer in both the East and South China seas.
Japan's abandoned homes increase 80% in 20 years
TOKYO -- The number of abandoned homes in Japan has climbed roughly 80% in 20 years, latest government data shows, as demographic declines in rural areas exacerbate the problem.
70% of Japan blue chips rake in higher profits on price hikes, soft yen
TOKYO -- Profits are up at more than two-thirds of big Japanese public companies that have released results for the fiscal year ended in March, thanks to a confluence of factors such as a soft yen, successful price hikes and a tourism rebound.
Yen’s plunge raises specter of new Asia currency crisis
TOKYO — The Japanese yen’s 12% plunge this year has traders wondering if the Group of Seven might have a currency crisis within their ranks.