Japan

Shigeru Ishiba has been elected as Japan’s new prime minister, replacing Fumio Kishida and raising questions about future U.S.-Japan relations. What Happened: Experts predict how Shigeru’s appointment might crop up changes in the relations between Tokyo and Washington, as reported by...

Japanese investment firm Metaplanet Inc. has boosted its Bitcoin (CRYPTO: BTC) portfolio, purchasing an additional 107.91 BTCs valued at around $6.92 million. What happened: The Tokyo Stock Exchange-listed firm disclosed its latest grab Tuesday, reaffirming its conviction in the world's largest...

The major Asian markets diverged on Monday as country-specific catalysts drove the averages to either side of the unchanged line. Amid the development, the U.S. index futures remained unchanged, with a slight positive bias. Geopolitics Weighs On Japan: Japan’s key stock market gauge, the...

In a significant development, acclaimed Japanese mathematician Kenji Fukaya has left his post in the United States to take up a full-time professorship at China’s Tsinghua University. What Happened: Fukaya, formerly a permanent member of the Simons Centre for Geometry and Physics at Stony...

The U.S. national security panel, tasked with reviewing Nippon Steel‘s (OTCPK: NISTF) $14.9 billion bid for U.S. Steel (NYSE:X), is delaying its decision until after the Nov. 5 presidential election. According to Reuters, sources familiar with the matter said that the sensitive merger...

A Chinese aircraft carrier entered Japan’s contiguous waters for the first time on Wednesday, drawing strong rebukes from the Japanese authorities. What Happened: The carrier, accompanied by two destroyers, sailed between Japan’s southern Yonaguni and Iriomote islands. This area extends...

United States Steel Corporation (NYSE:X) CEO David Burritt says he is confident that the company's potential merger with Japan's Nippon steal will go through, despite the Biden administration’s opposition to the deal. In a speech to the Detroit Economic Club Tuesday, Burritt said that the...

As the Federal Reserve transitions from a restrictive monetary policy to a more accommodative stance, investors are questioning how this regime change will impact various asset classes. The central bank’s shift towards lower interest rates can have far-reaching implications across equities,...

Ahead of the November presidential election, the U.S. and Japan are on the verge of finalizing a deal to limit the export of chip technology to China. What Happened: The agreement aims to address loopholes in existing export rules and impose new restrictions reflecting the rapid advancements of...

Japanese company Metaplanet has announced the purchase of 38.6 Bitcoin (CRYPTO: BTC) for 300 million yen (around $2.2 million), boosting its total Bitcoin holdings to 398.8 BTC. What Happened: This acquisition follows Metaplanet’s August announcement that it would raise 10.08 billion yen to...

Agile Energy X Inc., a subsidiary of Japan’s biggest power producer, Tokyo Electric Power Co., is exploring Bitcoin (CRYPTO: BTC) mining to curb the wastage of renewable energy and foster its widespread adoption. What Happened: The Tokyo-headquartered subsidiary plans to power Bitcoin mining...

Panasonic Holdings Corp (OTC:PCRFF) (OTC:PCRFY) has completed preparations for the mass production of its high-capacity electric vehicle batteries. What Happened: The company’s energy unit has renovated its plant in Wakayama, Japan, to produce the 4680 cells, which the Tesla Inc (...

The potential decision by the U.S. to prevent Nippon Steel (OTC:NPSCY) from taking over U.S. Steel (NYSE:X) has sparked apprehension in Japan. What Happened: The White House is said to be close to declaring that President Joe Biden will reject the $15 billion agreement on the grounds of national...

President Joe Biden is preparing to formally block Nippon Steel Corp’s (OTC:NPSCY) nearly $15-billion acquisition of United States Steel Corp (NYSE:X), according to a Wednesday Washington Post report citing three people with knowledge of the matter. The move from the Biden administration...

NVIDIA Corp. (NASDAQ:NVDA) is set to pick up a stake in Tokyo-based startup Sakana AI, making it a significant shareholder. What Happened: Sakana AI announced its Series A funding round, raising approximately 20 billion yen ($137 million). Nvidia appears to be the largest contributor, reported...