Ishita Agarwal

Nikkei rallies on U.S. retail sales data, marks best week in over four years

The Nikkei closed the day at 38,062.67, marking a 3.6% increase and its second-largest daily gain of the year. The broader Topix index also saw a notable rise, finishing approximately 3% higher at 2,678.60. For the week, the Nikkei enjoyed a remarkable gain of over 8%, its strongest weekly performance since April 2020. This upturn was fueled by a combination of easing recession fears in the U.S., a halt in the yen’s rapid appreciation, and signs of improved economic growth in Japan.

Foreign Minister Kamikawa mulls bid for LDP presidency as ex-Economic Security Minister gains traction

In her statement, Kamikawa emphasized her readiness to deliberate thoroughly and make a decision independently. "I am prepared to carefully consider my options and take appropriate action based on my conclusions," she asserted. Her remarks suggest that she is seriously contemplating a run for the party’s top position.

Indonesian Government advocates for clean technology in fertilizer production amid environmental concerns

The initiative comes in response to growing concerns about the environmental impact of traditional fertilizer production methods, which are known for their high energy consumption and greenhouse gas emissions. By advocating for clean technology, the government seeks to modernize the industry, enhance efficiency, and mitigate the adverse effects of conventional fertilizer manufacturing on Indonesia’s ecosystems.

Gerindra to unveil Ridwan-Suswono ticket next week, shaping 2024 Indonesian election dynamics

This announcement is anticipated to have considerable implications for the 2024 election, as Gerindra seeks to consolidate its position in a race that is shaping up to be highly contested. Ridwan Kamil, known for his administrative experience and popularity as governor, brings significant regional and public appeal to the ticket. His collaboration with Prabowo Subianto, a seasoned political figure and former presidential candidate, could strengthen Gerindra’s bid by combining governance experience with robust political leadership.

Supporters push for PDI-P and PKB endorsement of Anies Baswedan in Indonesian political arena

The call for support comes as Baswedan, a former Jakarta governor and prominent opposition figure, seeks to solidify his position in the presidential race. His supporters are leveraging political pressure to secure endorsements from PDI-P and PKB, both of which hold significant influence in Indonesian politics. The backing of these parties could be pivotal in boosting Baswedan’s campaign and enhancing his appeal to a broader electorate.

Indonesian auto financing declines 15% in July amid slump in new car sales

The decrease in auto financing reflects broader economic trends impacting consumer confidence and spending. As new car sales falter, financing activities—which are often a key indicator of consumer sentiment and economic health—also show signs of distress. This trend suggests a tightening of household budgets and potentially decreased consumer willingness or ability to make large purchases, such as new vehicles.

Tokaido Shinkansen to suspend Tokyo-Nagoya service on Friday as typhoon Ampil approaches

According to the Japan Meteorological Agency, Typhoon Ampil is projected to move northward on Friday, maintaining its intensity as it progresses toward eastern and northern parts of Japan. The decision to halt Shinkansen operations reflects the severe weather conditions anticipated, including high winds and heavy rainfall, which pose significant risks to rail infrastructure and passenger safety.

Japan Coast Guard urges large vessels to evacuate Tokyo Bay ahead of typhoon Ampil

Typhoon Ampil, which is expected to bring severe weather conditions to Tokyo and surrounding regions, has prompted the Coast Guard to take this precautionary step to ensure maritime safety. The advisory underscores the potential hazards posed by the typhoon, including high winds and rough seas that could jeopardize the safety of large ships and maritime operations within Tokyo Bay.

Nikkei gains as Kishida announces resignation; market anticipates U.S. inflation data

Fumio Kishida bows out of LDP leadership race amidst criticism and plummeting polls

Kishida, who also serves as LDP president, informed senior party officials of his decision through a series of phone calls before publicly declaring his withdrawal. The move reflects Kishida’s acknowledgment of the difficulty in securing a new mandate given his administration's poor performance in recent opinion polls.