Japan

Japan, Australia Sign Defence Treaty With Eyes On China

Japan and Australia on Thursday signed a “landmark” treaty to strengthen defence ties, saying the accord would contribute to regional stability, as China expands its military and economic clout. While Australian Prime Minister Scott Morrison did not mention Beijing directly in a statement released ahead of the signing, the agreement is seen as another step …

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Markets wrap: Asia stocks decline after selloff in U.S. tech shares on likelihood of Fed rate hikes

Elsewhere, Oil fell for the first time in four days. Bitcoin tumbled to below $43,000, the lowest since its early-December weekend flash crash. Stocks in Asia dropped Thursday after a selloff in U.S. technology shares and Treasuries accelerated once Federal Reserve minutes signaled interest-rate hikes may be more aggressive than many had expected. An MSCI …

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Arson Suspect In Japan Fire That Killed 25 Dies In Hospital

A 61-year-old man suspected of starting a fire that killed 25 people at a Japanese mental health clinic died in hospital on Thursday, police said. Morio Tanimoto had been in critical condition, suffering from burns and carbon monoxide poisoning following the deadly attack in Osaka on December 17. “The suspect died today,” an Osaka police …

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Asian shares rise, yen falls as traders shrug off Omicron fears

A variety of asset classes from oil to Japan’s Nikkei Stock Average are now trading at around one-month highs Asian shares gained on Tuesday, cruising in the slipstream of another record-setting day on Wall Street amid strong retail figures, while the safe-haven yen lost ground as traders stayed in riskier currencies and asset classes like …

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Japan Unveils Record Annual Budget And Defence Spend

Japan’s government on Friday unveiled its biggest ever full-year budget, including record defence spending to counter intensifying regional security threats. Cabinet ministers approved a draft national budget of a whopping 107.6 trillion yen ($940 billion) for the 2022-23 fiscal year, including 5.4 trillion yen for defence. Both figures have been increasing steadily for a decade …

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No Spooky Sights Yet At ‘Haunted’ Residence, Japan PM Says

Japan’s Prime Minister Fumio Kishida said Monday he’s sleeping soundly after becoming the first premier in nine years to inhabit the official residence, which is reputedly haunted by ghosts. The prime piece of real estate in central Tokyo stood empty during the terms of Kishida’s most recent predecessors, Yoshihide Suga and Shinzo Abe. The residence …

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Business Sentiment Cautious In Japan As Virus Fears Linger

Japan’s major manufacturers remain cautious about the economy’s trajectory, with business sentiment flat for the quarter as concerns about the pandemic linger, a key survey showed Monday. Among major non-manufacturers however, there was an improvement in confidence about the world’s third largest economy, offering glimmers of hope. The Bank of Japan’s Tankan business survey — …

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