Stay updated with the latest news and articles about Japanese companies.
The impact of the economic downturn is increasingly evident in the performance of Japanese firms operating in China. Many are encountering intensified competition from local Chinese enterprises and are now contemplating strategic withdrawals from the market. This shift marks a significant development, as it reflects a broader recalibration of business strategies in the face of an increasingly challenging environment.
Morning sessions saw Ueda adopt a hawkish tone, signaling a potential for further interest rate hikes should inflation trends meet expectations. Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, noted that Ueda’s initial remarks reinforced the possibility of tighter monetary policy if inflationary pressures persist.
Ueda's comments were delivered during a session of the Diet, which is currently out of session, to clarify the BOJ’s response to recent market fluctuations. The policy adjustment led to heightened volatility in both the stock and currency markets, with the Nikkei Stock Average witnessing its largest-ever single-day drop, followed by a notable recovery. Concurrently, the yen experienced fluctuations, briefly strengthening to the ¥141 range against the dollar before stabilizing.
The remarkable increase in visitor numbers was notably influenced by school holidays in East Asia and Europe, which contributed to a notable rise in arrivals from these regions. The influx of tourists comes as Japan continues to recover from the pandemic's impact on global travel. As of July, Japan has seen over 21 million visitors this year, placing it on track to exceed the pre-pandemic annual record of 31.9 million set in 2019.
The agreement is a prerequisite for the facility's operational launch and outlines protocols for ensuring safety in the storage of spent nuclear fuel, which will be held at the site until it is reprocessed. This facility marks Japan's first of its kind.
JPMorgan Asset Management's revised approach includes recalibrating its risk assessment models and adjusting investment allocations to better align with anticipated changes in Japan’s monetary policy. The end of the BOJ’s rate hike cycle could lead to significant shifts in asset valuations, borrowing costs, and overall market dynamics. Consequently, JPMorgan is focusing on optimizing its strategies to mitigate potential risks and capitalize on emerging opportunities in a post-rate hike environment.
The Bank of Japan (BOJ) is adjusting its monetary policy in response to these fiscal pressures. The central bank has embarked on an interest rate hike cycle and plans to reduce its purchasing of government bonds, part of its extensive monetary stimulus program initiated over the past decade. This shift is aimed at achieving a 2 percent inflation target but is expected to lead to higher borrowing costs for households and businesses, as well as increased debt-servicing expenses for the government
Despite this exit from the home appliance segment, Hitachi remains positive about its prospects in the commercial air conditioning sector, particularly in response to growing demand from data centers. To sustain its presence in this market, a Hitachi subsidiary specializing in electric appliances will acquire the factory assets of the joint venture.
Showing 10 of 11 articles