
Mitsubishi Corp. in talks to buy Aethon Energy of US
TOKYO -- Mitsubishi Corp. is in negotiations to acquire American energy exploration and production company Aethon Energy Management, possibly for more than 1 trillion yen ($6.9 billion), Nikkei has learned, in what would be the Japanese trading house's largest acquisition yet.

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Yomiuri Shimbun
an hour ago
- Yomiuri Shimbun
Japan's Nikkei Stock Average Wall Street Gains, Shrugs off BOJ Decision
Yomiuri Shimbun file photo The Tokyo Stock Exchange TOKYO, June 17 (Reuters) – Japan's Nikkei share average advanced on Tuesday, tracking overnight Wall Street gains, following signs of a potential de-escalation of tensions in the Middle East. The equity market largely shrugged off the Bank of Japan's decision to slow its pace of government bond purchase reductions from next April, and keep interest rates steady, as expected. The Nikkei .N225 rose 0.6% to 38,524.52, as of 0346 GMT, shortly after the central bank's announcement. The broader Topix .TOPX added 0.3%. All three major U.S. stock indexes advanced strongly on Monday as market sentiment improved with Iran seeking a ceasefire with Israel. Meanwhile, the BOJ maintained short-term rates at 0.5% by a unanimous vote at the two-day policy meeting that ended on Tuesday. At the same time, BOJ Governor Kazuo Ueda is likely to reiterate a commitment to raising rates when he holds a press conference at 0630 GMT, despite rising uncertainty from U.S. trade tariffs and global conflicts including in the Middle East. Under its fiscal 2026 plan starting in April, the BOJ will reduce monthly bond buying by 200 billion yen ($1.38 billion) each quarter, reducing the total to around 2 trillion yen by March 2027. Japanese growth shares outperformed, with a Topix index of the securities .TOPXG up 0.5%, compared with a 0.2% rise for value shares .TOPXV. Chip-related stocks were among the Nikkei's top performers. Disco 6146.T was the biggest percentage gainer with a 6.5% surge. Advantest 6857.T climbed 2.8% and Tokyo Electron 8035.T advanced 3.2%. Out of the Nikkei's 225 components, 139 rose, 83 fell and three traded flat.

an hour ago
Japanese, German Leaders Discuss U.S. Tariffs
News from Japan Politics Jun 17, 2025 12:57 (JST) Kananaskis, Canada, June 16 (Jiji Press)--Japanese Prime Minister Shigeru Ishiba met with German Chancellor Friedrich Merz in Kananaskis, western Canada, Monday, discussing how to deal with the high tariff policy of the administration of U.S. President Donald Trump. In the talks, held for about 35 minutes, the two leaders reaffirmed their commitment to strengthening ties in the areas of national and economic security. Ishiba noted that cooperation among the Group of Seven major countries is becoming even more important as the international situation is increasingly severe. Merz agreed. They also exchanged opinions on regional situations, including over North Korea and Ukraine. The Ishiba-Merz meeting took place on the sidelines of the two-day G-7 summit in Kananaskis through Tuesday. The G-7 groups Britain, Canada, France, Germany, Italy, Japan and the United States. [Copyright The Jiji Press, Ltd.] Jiji Press

2 hours ago
Japan Opposition DPFP Pledges Tax Cuts to Boost Take-Home Pay
Tokyo, June 17 (Jiji Press)--The Japanese opposition Democratic Party for the People on Tuesday announced its campaign promises for this summer's election of the House of Councillors, the upper chamber of the country's parliament, with the focus primarily on boosting people's take-home pay through tax cuts. The party promised a temporary reduction in the consumption tax rate to 5 pct from the current 10 pct, the abolition of the provisional gasoline tax surcharge and an increase in the minimum annual taxable income level to 1.78 million yen. "Through wage hikes and the return to the people of national tax revenues that increased due to the yen's weakening, we'll aim to realize 'a summer of increased take-home pay,'" the party said. The DPFP emphasized support for young people and the working generation, proposing to double the budget for child-rearing and education by issuing what the party calls "education government bonds" worth 5 trillion yen annually. It also pledged to reduce income tax for people up to the age of 30 who started working after finishing junior high or high school. The party aims to achieve nominal gross domestic product of 1,000 trillion yen in 2035 through investment tax cuts in growth sectors such as semiconductors and storage batteries, along with measures to stimulate consumption. If successful, tax revenues would rise to 120 trillion yen, significantly improving the government's finances, it explained. [Copyright The Jiji Press, Ltd.]