Japan will finance the withdrawal of dozens of companies located in China

U.S. 08/08/20, 17:13

The Japanese government offered 87 Japanese companies located in China subsidies totaling $653 million to encourage them to relocate to Japan or distribute in Southeast Asia. The aim is to reduce dependence on the Chinese Communist Party (CCP). The pandemic caused by the CCP Virus has wreaked havoc on global supply ...

US backs Japan over CCP provocations in the East China Sea

U.S. 07/31/20, 18:40

Tensions in the East China Sea escalated this week after a sea area claimed by Japan was occupied by Chinese fishing boats that began operations. United States and Japanese naval forces are joining to address the disputed Senkaku Islands, which are identified by the Chinese Communist Party (CCP) as the Diaoyu ...

World shares mostly higher; China plans stimulus measures

Business 12/25/19, 22:33

Global markets edged higher on Thursday though trading was subdued after the Christmas holidays. Chinese markets surged after the government announced a relaxation of residency restrictions for small and medium cities that boosted property stocks. The Shanghai Composite index jumped 0.9% to 3,007.35. Heavyweight property shares led a late rally after ...

Toyota 2Q profit up 1% on healthy global sales

Asia & Pacific 11/07/19, 03:54

Japan's top automaker Toyota said Thursday its net profit edged 1% higher in July-September as vehicle sales grew around the world. Toyota Motor Corp.'s profit for the second fiscal quarter totaled 592 billion yen ($5.4 billion), up from 585 billion yen last year. Toyota, which makes the Prius hybrid, Corolla subcompact and ...

Japan’s SoftBank tumbles into losses over costly investments

Business 11/06/19, 05:10

Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork. SoftBank's founder, Masayoshi Son, said he was regretting "mistaken investment moves." He said the situation at WeWork was under control, and he ...

US to send security envoy, commerce secretary to ASEAN meet

Asia & Pacific 10/30/19, 03:08

U.S. national security adviser Robert C. O'Brien and Commerce Secretary Wilbur Ross will represent President Donald Trump at two regional summits in Thailand this weekend, the White House announced, a move that would widely be viewed in the region as a snub. The decision to send O'Brien, who is a presidential ...

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