TOKYO -- Nintendo announced Friday that it will raise prices for the Nintendo Switch 2 in Japan, North America and Europe, citing deteriorating profits due to soaring prices for semiconductor memory and the company's lackluster stock performance.
Editor's Choice: U.S.-China summit tests fragile stability as global tensions rise
Hello from Tokyo. Last week, I visited Nikkei Asia's editorial headquarters in New York on a business trip. The team there, made up of desks and reporters who handle newsroom operations during Asia's nighttime hours, plays a crucial role in our 24-hour news cycle. Since the launch of the Trump administration, the New York team's hard work has enabled us to deliver high-quality journalism to our readers around the clock.
It's been a year since I last visited New
South Korean conservative leader casts US ties as key to national strength
SEOUL -- The leader of South Korea's conservative opposition has reiterated his party's strong fealty to the U.S. ahead of pivotal local elections next month.
Toyota forecasts decrease in net profit for FY26 amid Middle East tensions
TOKYO -- Toyota Motor said on Friday that it expects net profit for the year ending March 2027 to fall by 22% from the previous year to 3 trillion yen ($19.1 billion), reflecting soaring material costs, including those driven by the deteriorating situation in the Middle East.
China's Huayou to buy Africa-focused Australian miner in lithium rush
TOKYO -- Chinese mineral miner Zhejiang Huayou Cobalt has agreed to fully purchase an Australian peer with lithium assets in Africa, expanding its portfolio on the continent.
Sony forecasts double digit profit growth despite chip supply concerns
TOKYO -- Sony Group on Friday predicted full-year profits would grow more than 10%, despite increasing concerns over rising memory chip prices and supply constraints affecting its gaming business.
ASEAN must stay 'agile' to address global headwinds, Marcos urges bloc
CEBU, Philippines -- Philippine President Ferdinand Marcos Jr. urged Southeast Asian nations on Friday to remain "agile" in the face of global uncertainties, as regional economies face the prospect of soaring inflation and slowing growth because of the Middle East crisis.
Southeast Asian banks check Iran war strain on corporate lending
SINGAPORE -- Southeast Asian banks bracing for further impact from the Iran war are also anxious about softening loan activity and rising credit risks for borrowers grappling with the conflict's economic fallout.
Nikkei wins gold at German media festival in 1st for a Japanese newspaper
NEW YORK -- Two Nikkei video features received gold awards Thursday at Germany's 2026 WorldMediaFestivals, marking a first for a Japanese newspaper company.
India's market premium cracks as oil shock meets weak growth
BENGALURU -- Foreign investors were already pulling back from Indian equities before the U.S. war in Iran, deterred by high valuations and few artificial intelligence plays. The Hormuz conflict is now adding pressure as higher oil prices squeeze margins and worsen macro risks.