Latest news with #MITSURUOBE
Nikkei Asia
a day ago
- Business
- Nikkei Asia
Japan wary of Trump's rice push with auto tariffs still up in the air
The Japanese government has been releasing its rice stockpiles to bring down prices ahead of an upper house election later this month, but the idea of increasing rice imports is unlikely to go down well with rural voters. © Reuters YURIKA YONEDA and MITSURU OBE TOKYO -- Japan on Wednesday insisted "it won't sacrifice the farm sector" in response to U.S. President Donald Trump's accusations about restrictions on access to the Japanese rice market. It means that a tariff of 341 yen ($2.4) per kilogram of rice will remain in place for now, a rate that has been in place since Japan opened its market in 1999 and allowed importers to bring in rice as long as they pay a 341-yen tariff per kilo.
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
Labor shortages crimp Japan's booming property industry
In Japan, high construction costs driven by labor shortages are eating into developers' margins. (Photo by Sae Kamae) MITSURU OBE TOKYO -- Labor shortages are threatening to undermine Japan's otherwise booming property development industry by causing delays and overruns in construction projects, from government buildings to apartment blocks to logistics facilities. ESR, a Hong Kong-based real asset owner and manager that operates warehouses across Asia, is experiencing the effects firsthand.
Nikkei Asia
10-05-2025
- Business
- Nikkei Asia
Mitsubishi Heavy vows to retake GE's No. 1 turbine maker title
MITSURU OBE TOKYO -- Shares of Mitsubishi Heavy Industries hit an all time high and eclipsed the 10-trillion-yen ($69 billion) mark on Friday, riding on surging demand for gas turbines. The demand has been so strong that the Japanese company could not keep up and had to turn down some requests, said CEO Eisaku Ito. As a result, it lost its title as the No.1 supplier of large gas turbines to GE in 2024 after two years on top.
