NAGOYA, Japan -- Japanese auto parts supplier Denso will withdraw a proposal to take over Kyoto-based semiconductor maker Rohm, Nikkei has learned, due to the two sides unable to see eye-to-eye on an offer.

TOKYO -- Tokyo Electric Power Co. Holdings has decided to appoint the chief of a Japanese sovereign wealth fund as its next chairman, its first time picking a finance veteran for the post.

TOKYO -- Mitsubishi Estate has acquired a Singapore-based operator of furnished rental housing, stepping up its push into overseas markets for mid- to long-term stays, as demand rises among expatriates and other visitors.

TOKYO -- Sumitomo Mitsui Trust Bank has formed a capital tie-up with U.S.-based investment firm Hunter Point Capital (HPC), part of the Japanese lender's push to bring investments into alternative assets such as domestic real estate and private equity.

TOKYO -- Google and Microsoft will participate in bidding to select clients for a data center SoftBank Group is building in the U.S., Nikkei has learned, with a decision expected as early as this month.

TOKYO -- Japan is set to launch an electric-vehicle battery traceability program as early as fiscal 2027 to record such information as origin, materials used and the state of degradation, facilitating the reuse of old batteries and the recovery of critical minerals.

NEW YORK/TOKYO -- Prudential Financial intends to maintain a footprint in the Japanese market "for decades to come," CEO Andrew Sullivan said, despite the fraudulent practices at a local subsidiary impacting the U.S. company's pretax adjusted operating profit by up to $575 million this year.

TOKYO -- Japan has pushed back the sunset clause for its public-private Japan ICT Fund (JICT) by 10 years to fiscal 2045 after the upper house passed a revised law on Thursday. The move is intended to enable long-term investment in projects such as subsea cables and data centers in Southeast Asia and other overseas markets.

TOKYO -- Japan's airline bookings for its Golden Week holiday have increased this year, despite concerns about potential flight schedule changes and rising ticket prices caused by the Iran war.

Hello from Tokyo. Nearly two months have passed since the U.S. and Israel launched a surprise attack on Iran. With the prospects for further ceasefire negotiations still uncertain, oil supplies to energy-hungry Asia remain disrupted.

As the energy crisis drags on, changes in consumer behavior are emerging in India, which has overtaken Japan to become the world's No. 3 auto market. Fears of soaring fuel bills triggered by the Iran war have stoked Indian consumers' interest in electric vehicles . Sales posted a noticeable