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.
Prudential 'still very committed' to Japan market: CEO
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.
Japan extends lifespan of public-private ICT fund by 10 years
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.
Japanese airlines boosted by surge in Golden Week bookings
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.
Editor's Choice: Energy crisis drives India toward EVs as Asia's auto map shifts
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
EU anti-dumping moves against China too little, too late, critics say
LONDON -- Some European Union trade defense measures targeting Chinese steel and other imports are starting to bite, but critics question their ability to tackle the bloc's trade imbalance with the world's second-largest economy.
The US must tackle nontariff barriers in Asia and beyond
Kurt Tong, managing partner at The Asia Group, was formerly U.S. ambassador for the Asia-Pacific Economic Cooperation (APEC). He is an adviser to the American Association of the Indo-Pacific.
From VW to Nissan, automakers bet on 'in China, for global' strategies
HONG KONG/BEIJING -- Foreign marques are racing to showcase new models made with Chinese technology at a high-profile auto show in the country this week, after waking up to the reality that they cannot afford to lose relevance in the world's biggest car market.
India's Russian oil imports double, likely to remain high in May
NEW DELHI -- A U.S. renewal of a temporary waiver for countries to buy Russian oil is set to benefit India, which in March became one of the top buyers of Russian crude as a consequence of the Iran war.
Vietnam prepares crypto market debut as players line up
HANOI -- Companies are lining up resources to tap one of the world's most active crypto markets as Vietnam gears up to launch its first crypto exchange in the second quarter of this year.