Akane Okutsu

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Articles

Japan's October GDP shrinks 0.1% on weak consumption: JCER

Dec 11, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- Japan's economy contracted an annualized 0.1% in October from the previous month, reflecting declines in private consumption and goods exports, according to an estimate released by the Japan Center for Economic Research on Wednesday. The think tank now projects Japan's gross domestic product to expand an annualized 0.4% in the October-December quarter from the previous three months.
South Korea's martial law shock: 5 things to know

Dec 4, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- South Korean President Yoon Suk Yeol imposed martial law on Tuesday night, and then quickly lifted the order after widespread condemnation and protests -- and a vote by lawmakers to rescind it. The declaration to order the military into the streets was the first in South Korea in more than four decades.
Asian buyers, central banks likely to support gold prices amid slump

Nov 24, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- Gold prices are widely expected to rebound next year, according to market analysts, as the precious metal remains attractive as a safe-haven asset, with prices likely to be supported by persistent demand from Asian consumers and central banks. But President-elect Donald Trump's return to the White House will be a source of volatility for gold, the price which has been rising for the past couple of years, lifted by demand for the metal as a hedge against inflation.
JAXA and ESA chiefs talk up collaborations on moon, planetary defense

Nov 21, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- The Japan Aerospace Exploration Agency (JAXA) and the European Space Agency (ESA) are eying potential collaborations in lunar exploration, as well as in other areas, including planetary defense and earth observation, heads of the two space agencies said at an event in Tokyo on Thursday. JAXA President Hiroshi Yamakawa and ESA's Director General Josef Aschbacher spoke at The Future of Space, an annual conference organized by Nikkei.
Ishiba appointed PM by Japan's parliament, will lead minority government

Nov 11, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- Prime Minister Shigeru Ishiba on Monday was appointed by parliament to stay on as Japan's leader, even as his Liberal Democratic Party lost its sole majority in the lower house in last month's snap general election. He will now lead a minority government. Both the upper and lower houses of the Diet voted to name him as prime minister. The LDP and its coalition partner Komeito together failed to win enough seats in the Oct.
Japan’s Newly Elected Lower House to Decide if Ishiba Remains Prime Minister

Nov 10, 2024 | caixinglobal.com | Akane Okutsu

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x (Nikkei Asia) — Prime Minister Shigeru Ishiba is aiming on Monday to win approval from the lower house of parliament to remain as Japan’s leader despite his Liberal Democratic Party losing its majority in the chamber in a snap general election last month. The vote to fill the position of head of government will be cast by members of the House of Representatives, selected on Oct.
Japan's Itochu bets on social media character Opanchu Usagi in China

Oct 21, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- Japanese trading house Itochu aims to build an over 40 billion yen ($270 million) market in China and elsewhere based on Opanchu Usagi, a character hatched by a social media user that has become popular in Japan. Itochu announced Monday that it had obtained the licensing rights for Opanchu Usagi for Asian markets other than Japan and South Korea. The character, whose name translates as "Panty Rabbit," was created by an artist who goes by Kawaisouni.
Oil prices could top $100 per barrel on Middle East-induced short covering

Oct 20, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- Despite slowing demand, fears are mounting that oil prices will top $100 per barrel as tensions in the Middle East multiply, threatening Asia, home to some of the world's largest net oil importers. In the first week of October, Iran fired missiles into Israel, which promised to make Iran "pay" for the attack.
Japan business mood stays flat from the previous quarter: BOJ Tankan

Sep 30, 2024 | asia.nikkei.com | Akane Okutsu

TOKYO -- Business sentiment among Japan's large manufacturers stayed flat from the previous quarter, according to the Bank of Japan's latest Tankan survey, released on Tuesday. The headline diffusion index (DI) among large manufacturers was at plus 13 for the July-September quarter, compared with plus 13 in the April-June quarter. The median forecast in a QUICK survey of economists was plus 13.
Tokyo stocks fall 5%, as investors fear Ishiba may raise taxes

Sep 30, 2024 | asia.nikkei.com | Lisa Kim |Akane Okutsu

TOKYO -- Japanese stocks fell sharply on Monday, as investors reacted to Shigeru Ishiba's election as the leader of the ruling Liberal Democratic Party. The benchmark Nikkei Stock Average closed at 37,919.55, down 1,910.01 points, or 4.8% from the previous trading day's close. Earlier in the session, the average was down as many as 2,031.65 points, or 5.1%, at 37,797.91.