Shotaro Tani

5 days ago | asia.nikkei.com | Shotaro Tani

TOKYO -- Asia's dependence on oil and gas from the Middle East makes it highly vulnerable to any closure of the Strait of Hormuz, a vital waterway for oil and gas shipments that is now in Iran's crosshairs. Whether Iran could close off the chokepoint, through which around 20% of the world's oil and gas passes, in a conflict has been debated for decades.

2 weeks ago | asia.nikkei.com | Shotaro Tani

TOKYO -- Japan's economy shrank at an annualized 0.7% in April versus the previous month due to sluggish domestic demand and an increase in imports, according to an estimate released by the Japan Center for Economic Research (JCER) on Wednesday. The Nikkei-affiliated think tank said that if the economy remains at a similar level in May and June, real gross domestic product could fall by an annualized 4.2% in the April-June period compared to the preceding quarter.

3 weeks ago | asia.nikkei.com | Shotaro Tani

TOKYO -- Japanese trading house Marubeni has signed its first-ever deal to buy "green ammonia" on a long-term basis, as the Warren Buffett-backed company doubles down on the gas that it deems critical to decarbonization. Marubeni announced Tuesday that it has signed the offtake deal with Shanghai-based Envision Energy, the world's second-largest wind turbine manufacturer, from its plant in Inner Mongolia.

4 weeks ago | asia.nikkei.com | Shotaro Tani

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4 weeks ago | asia.nikkei.com | Shotaro Tani

TOKYO -- Foreign companies are piling into battery energy storage in Japan as they seek to gain an early-mover advantage in a market they expect to grow along with the use of renewable energy.