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Sharp to sell once-iconic LCD factory in Japan to Foxconn
LCD TVs made at the factory were once known as the "Kameyama Model" and played a significant role in burnishing the Sharp brand globally.
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Yomiuri Shimbun
13 minutes ago
- Yomiuri Shimbun
Japanese Warships Visit New Zealand's Capital for the First Time in a Half-Century
WELLINGTON, New Zealand (AP) — Japanese warships docked in New Zealand 's capital Friday for the first time in more than 50 years amid efforts by Tokyo to deepen its strategic ties in the South Pacific Ocean. Two destroyers with more than 500 crew on board sailed into Wellington harbor accompanied by the New Zealand navy ship HMNZS Canterbury. The JS Ise and destroyer JS Suzunami were on an Indo-Pacific deployment and arrived from Sydney, where Japan's military took part this month in war games involving New Zealand, Australia and other countries. The Wellington visit was a ceremonial one, but it came as Japan, whose only treaty ally is the United States, has increasingly sought to deepen bilateral military cooperation amid ongoing regional tensions. 'Our defense force are developing cooperative work, not only with New Zealand and Australia but also many Pacific Island countries,' Japan's envoy to Wellington, Makoto Osawa, told reporters Friday. 'Our main goal is the free and open Indo-Pacific.' The ambassador's remarks followed the announcement Tuesday by Australia's government that Japanese firm Mitsubishi Heavy Industries had won the bid for a contract to build Australian warships, beating out a German firm. While officials in Canberra said the Japanese proposal was the best and cheapest, they also hailed it as the biggest defense industry agreement between the countries. New Zealand too has sought to shore up its strategic and military relations in Asia as part of a foreign policy reset in recent years that the government says has turned more attention on Pacific cooperation and security. Officials in Wellington announced in July that work had started on a defense logistics agreement with Japan, intended to make it easier for the countries' militaries to work together. Japanese naval vessels do not often make visits so far south in the Pacific Ocean, but the rich and strategically important waters of New Zealand, Australia and smaller Pacific Island countries are increasingly contested by the world's major powers, making it the site of a fierce battle for influence between Beijing and Western nations. Although remote, New Zealand has recently been drawn into more fraught questions of regional security. In February, live firing exercises by Chinese naval frigates in the Tasman Sea between New Zealand and Australia drew alarm from those countries' governments after flights were forced to divert at short notice. The last port visit to Wellington by a Japanese naval vessel was in 1973, New Zealand's military said.
The Mainichi
43 minutes ago
- The Mainichi
Japan McDonald's Happy Sets wasted in Pokemon card frenzy
TOKYO (Kyodo) -- McDonald's Co. (Japan) has found that its campaign to give away Pokemon trading cards with its Happy Set combo meals prompted some customers to buy the meals in bulk solely to obtain the cards for resale, while discarding the food. The fast-food chain, which revealed the blunder on Monday in a press release, had limited purchases of the Happy Set -- known as the Happy Meal outside of Japan -- to five per person and implemented measures to prevent the reselling of the cards at higher prices ahead of the three-day promotion from Saturday. But the company admitted that its preparations were "insufficient" and issued an apology. The campaign ended on the first day as many outlets ran out of the cards. Before the launch, McDonald's had also asked Japanese online flea market operator Mercari Inc. to help deal with listings of the trading cards, a highly sought-after collectible item. The fast-food chain said it will implement stricter measures in the future such as denying entry to people who attempt to buy large quantities of the combo meals.
Asahi Shimbun
3 hours ago
- Asahi Shimbun
Analysts react to Japan's Nikkei scaling record high
Traders clap as the Nikkei index closes at an all-time high, at the dealing room of Nomura Securities in Tokyo on Aug. 12. (REUTERS) Japan's Nikkei gauge of blue-chip stocks powered to a record high on Tuesday, taking its cue from all-time peaks scaled by many global markets this year. Here are analysts' comments about the rally in Japanese stocks: SHOICHI ARISAWA, GENERAL MANAGER OF THE INVESTMENT RESEARCH DEPARTMENT AT IWAICOSMO SECURITIES, TOKYO "The speed of the rally in the past few days is too fast. It is surprisingly fast particularly because we have not seen any new positive market-moving catalysts. "Japanese shares were lagging behind other countries, particularly in Europe. European shares rose because investors shifted their focus away from the U.S. "Japan has become a target now because the country's corporate outlook is good and the impact of U.S. tariffs seems not as serious as the market had expected. There will be more companies which will revise up their outlook due to the limited impact of the U.S. tariffs. The yen remains weak, which is also positive for Japanese companies." MATT SIMPSON, SENIOR MARKET ANALYST, CITY INDEX, BRISBANE "Whether we call it the Trump pump or the Taco trade, it's all the same really. Asian indices are broadly higher on headlines of the U.S. and China extending their trade truce by 90 days. "The Topix may have been first to its record it just seemed a matter of time before the Nikkei joined the club." TAKAMASA IKEDA, SENIOR PORTFOLIO MANAGER AT GCI ASSET MANAGEMENT, TOKYO "The Nikkei was not able to hit a record until today because chip-related shares and auto shares dragged the index. The Nikkei could soon peak as technology shares that led the Wall Street's rally have slowed down." NORIHIRO YAMAGUCHI, ECONOMIST, OXFORD ECONOMICS, TOKYO "Japanese equities are rising sharply due to a combination of positive factors, including the extension of U.S.-China tariff talks, the correction of tariff structures on Japanese product by the U.S., and the weak yen. "Trading volumes are low because it is the Obon holiday in Japan now. This is a time when equity prices tend to fluctuate significantly both up and down. Volatility is likely to remain high for the time being." HIROYUKI UENO, CHIEF STRATEGIST AT SUMITOMO MITSUI TRUST ASSET MANAGEMENT, TOKYO "The Nikkei could cross the 43,000 level. Investors who did not expect this sharp rise are scooping up stocks in a hurry. "U.S. economy is better than the market had expected earlier this year. And if the Fed starts cutting rates, shares are only going to go up. The Japanese corporate outlook is also better than the market had expected." YUTAKA MIURA, SENIOR TECHNICAL ANALYST, MIZUHO SECURITIES, TOKYO "Investors are buying back Japanese shares following a strong performance for U.S. equities over the long weekend." "A break above 43,000 for the Nikkei would open the possibility of a move to between 43,500 and 44,000, but there is a strengthening sense that the market is overheated." MASAYUKI KUBOTA, STRATEGIST AT RAKUTEN SECURITIES, TOKYO "In this environment where the value of money is declining, global investors are buying assets like gold, bitcoin, and stocks. Within that context, Japanese shares are relatively undervalued, and Japanese companies are increasing their buybacks."
