TOKYO -- When Yuji Takahashi, the CEO of the AI chatbot startup meltly, met with a U.S. venture capital executive in a Tokyo office building, he was given an offer that was hard to refuse.
Mitsubishi Corp. pivots back to natural gas as Iran war slows climate efforts
TOKYO -- Mitsubishi Corp. has moved the goalpost for one of its climate goals as energy supply instability pushes Japan's biggest trading house to expand investment in natural gas and other sources beyond the Middle East.
Iran war-driven surge in oil prices pushes Japan toward yen intervention
TOKYO -- Japanese authorities this week intervened in the currency market for the first time in more than a year and a half, seeking to buffer the yen from the impact of higher energy prices brought about by the Iran war.
Japan bank signs over $2bn in loans for US investments
TOKYO -- A state-backed Japanese lender said Friday that it has signed loan agreements for up to about 350 billion yen ($2.2 billion) with private-sector banks to support three U.S. projects under a bilateral tariff deal.
Japan refiner Taiyo buys oil from Russia as Middle East alternative
TOKYO -- Taiyo Oil said Friday that it is buying crude oil from Russia, part of Japanese efforts to diversify procurement and ensure supply stability amid the turmoil in the Middle East.
Anthropic eyes Japan expansion for Mythos AI, opposed by White House
PALO ALTO, California/WASHINGTON -- American artificial intelligence company Anthropic looks to give more companies and organizations access to its powerful new Claude Mythos model, including in Japan, but faces opposition from the U.S. government.
South Korea's Hanwha builds arms empire as Ukraine, Iran wars spur spending
PHILADELPHIA, Pa. -- Nearly three-quarters of a century after it was founded by 30-year-old gunpowder engineer Kim Chong-hee, the business that began life as Korea Explosives Co. is leading a charge in South Korea's booming defense industry.
KKR bullish on sports investment, Asian stadium deals: co-CEO
NEW YORK -- KKR sees big opportunities to increase its sports investments, and it is looking for more deals in Asia, according to co-CEO Joseph Bae.
Japan's trading houses see benefits from Iran war but set buffers
TOKYO -- Japan's large trading companies are reporting limited impact on their earnings from the Iran War, with some even seeing potential upsides from disruptions to global energy and petrochemical supply chains.
BOJ data hints at over $30bn intervention to support yen on Thursday
TOKYO -- Money market data released by the Bank of Japan on Friday suggests that there were yen-buying interventions worth around 5 trillion yen ($32 billion) on Thursday, backing up the Japanese unit's sharp rally against the U.S. dollar.