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Japan’s record economic plunge wipes out Abe era gains

TOKYO (Reuters) – Japan was hit by its biggest economic slump on record in the second quarter as the coronavirus pandemic emptied shopping malls and crushed demand for cars and other exports, bolstering the case for bolder policy action to prevent a deeper rec... More »

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UAE aims to launch Mars mission on July 20: Dubai Media Office

DUBAI (Reuters) – The United Arab Emirates said on Friday it would launch its mission to Mars on July 20, depending on weather conditions at the launch site in Japan, Dubai’s media office said on Twitter. The launch of the UAE’s Hope Probe from Japan’s Tanegas... More »

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Sosei, AbbVie sign drug discovery deal worth up to $1 bln

(Reuters) – Japan’s Sosei Group Corp will collaborate with AbbVie Inc on a drug discovery partnership that could be worth up to $1 billion. Sosei shares soared 12.4% in Tokyo trading, compared with a 1.2% slide in the broader market. The partnership will initi... More »

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Asia shares rally as BOJ buys more bonds- U.S. crude skids

SYDNEY/HONG KONG (Reuters) – Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, but the recent weak run in the global oil price showed no signs of ending. MSCI’s broad... More »

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Japan tests show 11 dead were infected with coronavirus: media

TOKYO (Reuters) – Japanese police have reported that 11 people whose deaths were deemed to be unnatural in the past month subsequently tested positive for the new coronavirus, media said on Tuesday. Japan, with more than 260 virus-related deaths according to p... More »

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WHO says concerned about rising confirmed cases in Japan

BEIJING (Reuters) – The World Health Organization said on Tuesday that it was concerned about the increasing number of confirmed cases of the new coronavirus in Japan. But Japan is not yet in the stage of a large-scale community outbreak, Takeshi Kasai, WHO Re... More »

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Japan PM to declare state of emergency of up to 6 months: media

TOKYO (Reuters) – Japan will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus, media reported, with the government preparing a stimulus package to soften the blow on an economy already struggling to avoid a recession. More than... More »

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Japan’s coronavirus panel to meet at 0500 GMT: Nikkei

TOKYO (Reuters) – The Japanese government’s advisory panel on the new coronavirus outbreak will meet on Monday at 0500 GMT in preparation for Prime Minister Shinzo Abe to declare a state of emergency, the Nikkei business daily reported. Source: https://www.reu... More »

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Japan has no plan to declare state of emergency April 1: Suga

TOKYO (Reuters) – Japan’s top government spokesman said on Monday there was no truth to rumors the government was planning to declare a state of emergency from April 1 to slow the spread of the coronavirus pandemic. Chief Cabinet Secretary Yoshihide Suga also ... More »

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Japanese comedian Ken Shimura dies from coronavirus

TOKYO (Reuters) – Japanese comedian Ken Shimura, who had been hospitalized after being infected with the new coronavirus, has died, becoming the first Japanese celebrity to die of the virus. His death, late on Sunday, set off widespread grief among fans. Shimu... More »

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Japan says Tokyo Olympics may be postponed due to coronavirus

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said for the first time on Monday that the Tokyo Olympic Games may need to be postponed if the event cannot be held in its “complete form” due to the coronavirus pandemic. The International Olympic Committee... More »

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Japan confirms five more cases of coronavirus in Hokkaido: NHK

TOKYO (Reuters) – Japanese authorities have confirmed five more cases of coronavirus in Hokkaido, public broadcaster NHK said on Monday, days after the northern island declared a state of emergency. The new confirmed infections bring the total in Hokkaido to 7... More »

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Eisai Inc announces U.S. approval for insomnia drug

(Reuters) – Japan-based drugmaker Eisai Co’s U.S. subsidiary announced on Sunday that it had received approval from the U.S. Food and Drug Administration for its insomnia treatment in adult patients. The agency approved the drug, Dayvigo, in doses of 5 mg and ... More »

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Abe opens Tokyo 2020 National Stadium

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe hailed the completion of the National Stadium built for the Tokyo 2020 Olympics on Sunday, his speech at the Kengo Kuma-designed venue praising the efforts to finish on schedule after an early setback. The s... More »

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South Korea, Japan in fresh spat over intelligence deal

SEOUL/TOKYO (Reuters) – South Korea and Japan traded fresh barbs on Monday, just days after agreeing to salvage an important intelligence-sharing pact, highlighting the fragile ties between the former wartime foes and allies of the United States. Officials fro... More »

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High-tech Japan uses AI in song to welcome pope

TOKYO (Reuters) – Few aspects of life escape the touch of high tech in cutting-edge Japan, including an official song written to welcome Pope Francis when he visits Japan from Saturday. Written by Jun Inoue, the song, “Protect all Life – The Signs of the Times... More »

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Japan space probe on its way back after asteroid mission

TOKYO (Reuters) – A Japanese space probe is heading home from an asteroid 250 million km (155 million miles) from Earth after collecting sub-surface samples that could help scientists seeking the origins of life, Japan’s space agency said on Monday. Asteroids ... More »

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Moon, Abe back dialogue to resolve South Korea-Japan dispute

SEOUL (Reuters) – South Korea’s President Moon Jae-in on Monday suggested high-level talks to resolve a deepening political and trade row with Japan during a meeting with Japanese Prime Minister Shinzo Abe, Moon’s spokeswoman said. The two leaders held an 11-m... More »

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Japan to participate in U.S. moon landing plan: Kyodo

TOKYO (Reuters) – Japan has decided to participate in a U.S. plan for putting astronauts back on the moon by 2024 and the government will officially inform the United States within this year, the Kyodo News agency reported on Thursday. The decision was made by... More »

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Blackstone to launch tender offer for Japan’s Unizo

TOKYO (Reuters) – Private equity firm Blackstone Group (BX.N) said on Tuesday it would launch a tender offer for Japan’s Unizo Holding (3258.T) at 5,000 yen ($46) a share, firing back after its earlier bid for the hotel chain was rebuffed. Blackstone said in a... More »

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Kimono runway show lights up Tokyo fashion week

TOKYO (Reuters) – Rock met kimonos as Tokyo kicked off its fashion week with a dazzling runway show that put a modern twist on the traditional Japanese garment. Models hit the runway in kimono-inspired outfits ranging from colorful shoulderless minidresses wit... More »

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SoftBank’s Claure announces investment in Mexican startup Kavak

MEXICO CITY (Reuters) – Japan’s SoftBank will invest in Mexican used car platform Kavak, the group’s chief operating officer Marcelo Claure said on Monday, adding to SoftBank’s growing portfolio in Latin America. “We are proud to join with and invest in Kavak ... More »

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Supertyphoon Hagibis gives new wind to Philippine disco band

MANILA (Reuters) – For a four-decade-old Philippine disco band, the namesake supertyphoon bearing down on Japan has brought a sudden rush of interest in its macho act. Known as the Philippines’ “Village People”, all-male band Hagibis has been going since 1979.... More »

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Japan culls 753 hogs to contain swine fever outbreak

TOKYO (Reuters) – Japanese officials have culled 753 pigs in Saitama Prefecture north of Tokyo after detecting an outbreak of swine fever, the Yomiuri newspaper said on Sunday. The cull, which took place on Saturday, was necessary after it was determined that ... More »

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More plant protein tied to longer life

(Reuters Health) – People who eat more plant-based protein may live longer than those who get more protein from meat, a Japanese study suggests. Researchers followed almost 71,000 middle-aged Japanese adults for an average of almost two decades. Compared to pe... More »

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Japanese researchers build robotic tail to keep elderly upright

TOKYO (Reuters) – Millions of years after the ancestors of humans evolved to lose their tails, a research team at Japan’s Keio University have built a robotic one they say could help unsteady elderly people keep their balance. Dubbed Arque, the grey one-meter ... More »

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Japan’s SoftBank chases more deals with Mexican startups

MEXICO CITY (Reuters) – Japan’s SoftBank Group Corp (9984.T) is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company’s interest in Mexico as ... More »

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Grab to invest $2 billion in Indonesia using funds from SoftBank

JAKARTA (Reuters) – Southeast Asian ride-hailing firm Grab on Monday said it will invest $2 billion into Indonesia over five years using capital received from Japan’s SoftBank Group Corp, which wants to increase its exposure to the region’s most populous marke... More »

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Explainer: What’s behind Japan’s support of whaling?

TOKYO (Reuters) – Japan has for decades been steadfastly defiant about hunting whales despite widespread anger, including from key allies like the United States. After roughly 30 years of what it has called scientific research whaling, which saw several hundre... More »

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Raw, fried or on a bun: the many ways Japan eats whale

MINAMIBOSO, Japan (Reuters) – Whale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale jerky feature on the menu at the restaurant Yoko Ichihara runs – and that’s just a small sample of the ways Japan eats whale. Though Japan’s governme... More »

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Safe havens emerge in China, South Asia as recession risks grow

HONG KONG/SYDNEY (Reuters) – Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold. But in Asia, investors are exploring new sanctuaries, from C... More »

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UBS looks to Sumitomo Mitsui tie-up to crack Japanese wealth

ZURICH/TOKYO (Reuters) – UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years. The deal, signed by the banks’ CEOs in Zurich, will create... More »

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Richard Branson takes satellite launch business to Japan with…

TOKYO (Reuters) – Sir Richard Branson’s Virgin Orbit said on Thursday it plans to bring its satellite launch system to Japan in partnership with airline operator ANA Holdings Inc, which will provide maintenance and possibly aircraft. Virgin Orbit’s LauncherOne... More »

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U.S. agriculture secretary urges Japan to reach trade deal

TOKYO (Reuters) – U.S. Secretary of Agriculture Sonny Perdue urged Japan on Monday to move swiftly to clinch a trade deal with Washington on farm products and other goods, in a way that would treat his country fairly as “premier customer.” “President (Donald) ... More »

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Exclusive: Philip Morris suspends social media campaign after…

(Reuters) – Cigarette maker Philip Morris International Inc has suspended a global social media marketing campaign in response to Reuters inquiries into the company’s use of young online personalities to sell its new “heated tobacco” device, including a 21-yea... More »

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Walmart Japan’s new CEO: Seiyu ‘absolutely’ not for sale

TOKYO (Reuters) – The newly appointed chief executive of Walmart Inc’s Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S. retail giant was looking for a buyer. “I’m not here to sell a busin... More »

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Toyota, Japan space agency join forces to develop moon rover

TOKYO (Reuters) – Toyota Motor Corp, one of the world’s largest automakers, and Japan’s space agency said on Tuesday they had agreed to cooperate in developing a manned lunar rover that runs on fuel cell technologies. Although Japan has no plan currently to ma... More »