Japan

Japan PM Suga says will work closely with IOC to host Tokyo Olympics

TOKYO (Reuters) - Japanese Prime Minister Yoshihide Suga said he looked forward to working closely with the International Olympic Committee (IOC) to host the Tokyo Olympics next year, following a meeting with Thomas Bach, the president of the IOC.

Bach is in Japan on a two-day visit to meet with Game organisers and discuss a variety of issues facing the event, which was postponed to next year due to the global pandemic.

JAPAN: Bach says Tokyo Olympic “participants” may need vaccinations

TOKYO (AP) — Olympic participants and fans arriving for next year’s postponed Tokyo Olympics are likely to face requirements to be vaccinated to protect the Japanese public, IOC President Thomas Bach said Monday after meeting with new Prime Minister Yoshihide Suga.

It was Bach’s first meeting with Suga and his first trip to Japan since the Olympics were postponed almost eight months ago.

Japan Reports Record-High Daily COVID-19 Cases For Three Consecutive Days

TOKYO, Nov 15 (NNN-NHK) – Japan yesterday reported 1,733 new COVID-19 cases, renewing a record number of daily infections for the third consecutive day, according to the latest figures from the health ministry and local authorities.

The latest rise in cases brought the nation’s total cases to 117,261, not including those connected to the Diamond Princess cruise ship that was quarantined near Tokyo earlier in the year.

The death toll stands at 1,900, with two new fatalities announced yesterday. The death toll includes 13 from the cruise ship.

Japan: Ghosn's legal woes deepen as Nissan sues for $95 million in damages

TOKYO (Reuters) - Ousted Nissan Motor Co 7201.T chairman Carlos Ghosn's legal woes deepened on Friday with the start of a civil trial in Yokohama, Japan, where his former employer is seeking 10 billion yen ($95 million) in damages.

“The legal actions initiated today form part of Nissan’s policy of holding Ghosn accountable for the harm and financial losses incurred by the company due to (his) misconduct,” Nissan said in a statement.

Asian shares drop amid worries over spreading COVID-19 cases

TOKYO (AP) — Asian shares have opened lower as rising cases of coronavirus infections in the U.S., Europe and Asia add to worries that economies will once again be hamstrung by pandemic restrictions on travel and businesses.

Reports of surging COVID-19 cases have had a sobering effect on markets that had advanced on hopes for a vaccine and expectations that pro-business policies will continue after last week’s U.S. elections.

Biden victory to push China closer to Russia, Japanese expert says

TOKYO, November 11. /TASS/: Joe Biden’s presumptive victory in the US presidential election will encourage further strategic rapprochement between Russia and China, Senior Research Fellow at Japan’s Sasakawa Peace Foundation Taisuke Abiru told TASS on Wednesday.

"The Donald Trump administration labels China as a US strategic rival," the expert noted. Washington has been consistently carrying out a tough policy on China. This line is unlikely to change under Biden. In the coming years we will see continued strategic rivalry between the US and China," according to the expert.

Asian shares, US futures surge on relief US election decided

TOKYO (AP) — Asian shares and U.S. futures rose Monday on relief the U.S. presidential election results were finally decided, with Joe Biden the president-elect.

Strong Chinese trade data released over the weekend also helped. Many in the region expect trade tensions to de-escalate under a Biden presidency, a plus for Asian markets and economies.

Japan emperor’s brother proclaimed 1st in line to throne

TOKYO (AP) — Japanese Emperor Naruhito’s younger brother, Crown Prince Fumihito, was formally sworn in as first in line to the Chrysanthemum Throne in a traditional palace ritual Sunday that has been postponed for seven month and scaled down due to the coronavirus pandemic.

The ceremony for the 54-year-old crown prince, better known as Prince Akishino, concludes a series of imperial succession rituals that began in May last year when Naruhito ascended to the throne after their 86-year-old father Akihito abdicated.

Japan Airlines To Raise 1.6 Billion USD By Public Stock Offering

TOKYO, Nov 7 (NNN-NHK) – Japan Airlines (JAL) said, it planned to raise 167.9 billion yen (1.6 billion U.S. dollars) via a public stock offering this year, in order to survive the harsh business environment amid the COVID-19 pandemic.

The fund will also be used to cover replacement costs for its fleet, the company said.

The sharp decline in air travel, battered the airline business and induced the first capital increase since JAL’s relisting in 2012.

Asian shares boosted by stronger China factory data

TOKYO (AP) — Asian shares were mostly higher on Monday buoyed by further signs of recovery in China’s manufacturing sector.

Japan’s benchmark Nikkei 225 added 1.4% to 23,303.42 in morning trading, while South Korea’s Kospi gained nearly 0.9% to 2,287.17. Australia’s S&P/ASX 200 added 0.4% to 5,952.40. Hong Kong’s Hang Seng edged up 0.7% to 24,277.75, while the Shanghai Composite inched down less than 0.1% to 3,221.78.

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