Japan calls Russia’s denial of alleged airspace intrusion ‘extremely regrettable’

Japan calls Russia’s denial of alleged airspace intrusion ‘extremely regrettable’

Japan’s Chief Cabinet Secretary Yoshimasa Hayashi described Russia’s denial of an alleged airspace violation late last month as “extremely regrettable” during a press conference in Tokyo on Thursday. Moscow had earlier claimed one of its military aircraft did not violate Japanese airspace near the northernmost prefecture of Hokkaido, with Maria Zakharova, director of the Russian … Read more

Yen plunges but currency experts not rethinking Japan’s rate policy

Yen plunges but currency experts not rethinking Japan’s rate policy

Japanese 10,000 yen banknotes arranged in Tokyo, Japan, on Saturday, Oct. 7, 2023. Shoko Takayasu, Bloomberg | Bloomberg | Getty Images Despite dovish comments from Japanese Prime Minister Shigeru Ishiba leading to a sharp plunge in the yen, currency experts aren’t budging from their Bank of Japan policy expectations for the longer term. The yen … Read more

Shocking moment US World War 2 bomb explodes on runway at Japanese airport – leaving huge crater as flights halted

Shocking moment US World War 2 bomb explodes on runway at Japanese airport – leaving huge crater as flights halted

THIS is the shocking moment a World War Two bomb explodes on an airport runway – bringing flights to a screeching halt. An airport in Japan shut on Wednesday after a bomb buried under Miyazaki Airport unexpectedly blasted a hole in the runway. 4 This was the shocking moment a bomb exploded at Japanese airportCredit: … Read more

Bomb dropped by U.S. in World War II explodes at airport in Japan, causing runway damage and cancellation of 80 flights

Bomb dropped by U.S. in World War II explodes at airport in Japan, causing runway damage and cancellation of 80 flights

An unexploded U.S. bomb from World War II that had been buried at a Japanese airport exploded Wednesday, causing a large crater in a taxiway and the cancellation of more than 80 flights but no injuries, Japanese officials said. Land and Transport Ministry officials said there were no aircraft nearby when the bomb exploded at … Read more

Shigeru Ishiba elected Japan’s prime minister by Parliament after predecessor’s administration was rocked by scandals

Shigeru Ishiba elected Japan’s prime minister by Parliament after predecessor’s administration was rocked by scandals

Tokyo — Japan’s parliament formally elected Shigeru Ishiba, head of the governing Liberal Democratic Party, as the country’s new prime minister Tuesday. Ishiba was chosen as the party’s leader Friday to replace Fumio Kishida, who stepped down along with his Cabinet earlier in the day to pave the way. Shigeru Ishiba, president of the Liberal … Read more

South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows

South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows

Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images South Korea’s factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown … Read more

Japan’s new outsider leader will face challenges to his dissenting policies

Japan’s new outsider leader will face challenges to his dissenting policies

Newly-elected leader and sitting chairperson of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks during a press conference following his election in the party leadership elections on September 27, 2024 in Tokyo, Japan. Pool | Getty Images News | Getty Images Shigeru Ishiba, the man set to become the next leader of Japan, has made … Read more

VP of China-based AIIB says bank has proven doubters ‘100 per cent wrong’

VP of China-based AIIB says bank has proven doubters ‘100 per cent wrong’

In the more than 10 years since its inception, the Asian Infrastructure Investment Bank (AIIB) – a Beijing-headquartered multilateral development lender representing 110 member states – has proved critics “100 per cent wrong”, a senior executive said, adding its door will “always” be open to new entrants as well as private capital. Danny Alexander – … Read more

‘Golden Week’ bookings show changes in how Chinese are traveling

‘Golden Week’ bookings show changes in how Chinese are traveling

Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel … Read more

Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win

Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win

Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Japan’s Nikkei 225 tumbled over 4% on Monday, following a mixed set of economic data out of Japan and as traders reacted to the election of incoming Prime Minister Shigeru Ishiba. Japan’s August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% … Read more