Japan's economic stimulus to balloon to over $350bn

TOKYO -- The Japanese government's economic stimulus package, which is to be compiled on Nov. 19, is expected to swell to more than 40 trillion yen ($350 billion) in fiscal spending, reaching a nearly record level comparable to the one extended last April at the start of the COVID-19 pandemic, Nikkei has learned.


Japanese Nobel laureate settles with Ono Pharma over Opdivo suit

OSAKA -- Japanese Nobel laureate Tasuku Honjo and drugmaker Ono Pharmaceutical reached a settlement on Friday in a lawsuit over the distribution of patent royalties related to cancer immunotherapy Opdivo.


Asia must examine costs of involvement if China annexes Taiwan

TOKYO -- As Asia struggles to grapple with the impact of a possible annexation of Taiwan by China, Japan as a regional leader faces its own nightmares should that scenario unfold. But all nations must count the costs of involving themselves in a conflict if such a situation occurs.


Toshiba announces plan to split into 3 companies

TOKYO -- Toshiba announced on Friday a plan to split itself into three public companies, in a move aimed at sharpening the focus and improving the profitability of key business units.


Toyota revises down December production to about 800,000 vehicles

TOKYO -- Toyota Motor said on Friday it plans to produce about 800,000 vehicles globally in December -- a lower figure than originally expected -- though still higher than the 760,000 produced in the same month last year.


Intel

China chipmaker SMIC keeps expansion on track amid US crackdown

TAIPEI -- Top China chipmaker Semiconductor Manufacturing International Co. says it is on track to triple production capacity in the next few years despite a U.S. blacklisting, as the company aims to capture rapidly growing domestic demand.


Australian miner Kingsgate to restart Thai gold mine operations

BANGKOK -- After a four-year dispute, operations at the Chatree gold mine in Thailand, run by Australia's Kingsgate Consolidated, are scheduled to resume early next year once arbitration talks between the Thai government and the mining company are concluded.


Malaysia GDP slips back into contraction at -4.5% for Q3

KUALA LUMPUR -- Malaysia's economy contracted 4.5% on the year in the third quarter of 2021, the central bank announced on Friday, due to enhanced lockdown measures imposed to stop a deadly third wave of COVID-19.


Philippine digital banks target $140bn retail deposit market

MANILA -- Tonik Digital Bank in the Philippines welcomes new clients with a love letter: "Your traditional banking ends here. Your neobanking romance starts now." The bank calls accountholders "luv" and offers higher interest rates on deposits to help customers "move on and get over your Ex (bank)."


Makeup for men? How male cosmetics become new normal in Japan

TOKYO -- For generations, makeup has been seen as a thing for women only, but maybe not anymore. While wearing makeup has become common for young men in their teens and 20s, more men in their 30s and older are adjusting their skin tone and drawing eyebrows.