Tokyo governor Yuriko Koike won a landslide victory to secure a third term, official election results showed Monday (Jul 8), in a rare triumph for a woman in Japan's male-dominated politics.

Tokyo governor Yuriko Koike won a landslide victory to secure a third term, official election results showed Monday (Jul 8), in a rare triumph for a woman in Japan's male-dominated politics. The outcome from Sunday's vote is also a relief to unpopular Prime Minister Fumio Kishida's ruling Liberal Democratic Party (LDP), which backed Koike despite her not being a member. Koike, 71, a former minister and television anchor who has governed one of the world's biggest cities since 2016, garnered 42.8 per cent of votes, results showed. Her nearest rival was independent candidate Shinji Ishimaru, 41, the former mayor of Akitakata in western Japan, who secured 24.3 per cent to pull off a surprise second place. Koike's main challenger had been thought to be another woman -- former opposition lawmaker, model and TV anchor Renho, 56, who goes by one name -- but she garnered just 18.8 per cent. Koike declared victory late Sunday, vowing to strengthen Tokyo's welfare, economy and natural disaster management, while acknowledging challenges like inflation and Japan's low birth rate. "With Tokyoites' strong support, I was assigned to lead this great city," Koike told supporters in the megacity of 14 million people. "I have to upgrade efforts of Tokyo's reforms, and as I appealed in my election campaign, I will protect Tokyo residents' lives and livelihoods," she said. Also read | In male-dominated Japan, Tokyo votes for governor as Koike seeks reelection Subsidised epidurals Japan has never had a woman prime minister and a large majority of lawmakers are men, although Tokyo accounts for a 10th of the national population and a fifth of the economy. The Tokyo vote comes after new government data showed the birth rate hit a record low of 1.20 last year, with Tokyo's figure 0.99 -- the first Japan region to fall below one. Koike and her major rivals pledged to expand support for parenting, with the former promising government subsidies for epidurals. "After having their first child, I hear people say they don't want to experience that pain again," Koike said during the election campaign. "I want people to see childbirth and raising children as a happiness, not a risk," she said. A record 56 people were standing in the election, not all of them serious, with one dressing as "The Joker" and calling for polygamy to be legalised. Others campaigned for more golf, poker -- or just to advertise their premises in Tokyo's red-light district. The LDP has governed Japan almost uninterrupted since World War II but the party's popularity rating has sunk to around 20 per cent, partly due to a political funds scandal. Kishida, 66, will face the LDP leadership election later this year before a national vote due by late 2025.

Koike wins Tokyo governor election in rare triumph for women in Japan's male-dominated politics

Japanese worker's average base pay jumped 2.5 per cent in May. This marks the strongest growth in 31 years. This positive trend comes amid annual wage negotiations.

There is a labour shortage. However, inflation continues to outpace wage growth. Consequently, real wages have declined for the 26th consecutive month.

The Bank of Japan (BOJ) is closely monitoring wage growth. This is a key factor in determining when to raise interest rates. BOJ Governor Kazuo Ueda has stressed the need for sustained wage increases to meet the bank's 2 per cent inflation target.

Nominal wages are rising. Inflation is decaying&nbsp;their buying power. Real wages fell 1.4 per cent in May. This follows a 1.2 per cent decline in April. There are signs that the labour shortage is leading to more widespread wage hikes. Companies with 30 or more employees finally saw wage growth outpace inflation for the first time in over two years. However smaller firms are still lagging behind.

The trend is particularly positive for part-time workers. Their wages rose 4 per cent year-on-year in May. This compares to 2.7 per cent increase for full-time employees.

For instance, hotel in Sapporo increased its hourly wages for part-time workers by 15 per cent. This is significantly higher than the 4 per cent raise for full-time staff. The hotel manager attributed this decision. The need to attract part-time workers in a competitive labour market played a crucial role.

A part-time worker at the hotel mentioned the attractive pay. Also, flexible hours were reasons for returning to the workforce. This occurred after a five-year break.

Part-time workers make up a significant portion of Japan's workforce. They account for 30 per cent of the total. But their wages are considerably lower than salaried workers. On average, they earn only a third.

An economist expects the rising wages for part-time workers to eventually boost consumer spending. This will happen by increasing their purchasing power.

(With inputs from Reuters)

Japanese worker's average base pay jumped 2.5 per cent in May. This marks the strongest growth in 31 years. This positive trend comes amid annual wage negotiations.

Japanese worker's average base pay jumped 2.5 per cent in May. This marks the strongest growth in 31 years. This positive trend comes amid annual wage negotiations. There is a labour shortage. However, inflation continues to outpace wage growth. Consequently, real wages have declined for the 26th consecutive month. The Bank of Japan (BOJ) is closely monitoring wage growth. This is a key factor in determining when to raise interest rates. BOJ Governor Kazuo Ueda has stressed the need for sustained wage increases to meet the bank's 2 per cent inflation target. Nominal wages are rising. Inflation is decaying their buying power. Real wages fell 1.4 per cent in May. This follows a 1.2 per cent decline in April. There are signs that the labour shortage is leading to more widespread wage hikes. Companies with 30 or more employees finally saw wage growth outpace inflation for the first time in over two years. However smaller firms are still lagging behind. The trend is particularly positive for part-time workers. Their wages rose 4 per cent year-on-year in May. This compares to 2.7 per cent increase for full-time employees. For instance, hotel in Sapporo increased its hourly wages for part-time workers by 15 per cent. This is significantly higher than the 4 per cent raise for full-time staff. The hotel manager attributed this decision. The need to attract part-time workers in a competitive labour market played a crucial role. A part-time worker at the hotel mentioned the attractive pay. Also, flexible hours were reasons for returning to the workforce. This occurred after a five-year break. Part-time workers make up a significant portion of Japan's workforce. They account for 30 per cent of the total. But their wages are considerably lower than salaried workers. On average, they earn only a third. An economist expects the rising wages for part-time workers to eventually boost consumer spending. This will happen by increasing their purchasing power. (With inputs from Reuters)

Japanese wages see sharpest rise in 3 decades, but real wages remain negative

The Philippines and Japan boosted their defence ties and signed a reciprocal access agreement (RAA) on Monday, saying they were seeking stability in the region, amid rising tensions with China. Watch in for more details!

Japan, Philippines sign landmark defence pact that could counter rising Indo-Pacific tensions

The Philippines and Japan signed a key defence pact on Monday (Jul 8) that will allow the deployment of troops on each other's territory, as they boost ties in the face of China's growing assertiveness.

The Philippines and Japan signed a key defence pact on Monday (Jul 8) that will allow the deployment of troops on each other's territory, as they boost ties in the face of China's growing assertiveness. The Reciprocal Access Agreement (RAA) was finalised in Manila, where Japanese Defence Minister Minoru Kihara and Foreign Minister Yoko Kamikawa are holding talks with their Philippine counterparts Gilberto Teodoro and Enrique Manalo. The accord, which Tokyo and Manila began negotiating in November, provides the legal framework for Japan and the Philippines to send defence personnel to each other's territory for training and other operations. Teodoro and Kamikawa signed the agreement at the presidential palace, presidential communications secretary Cheloy Garafil told AFP. The Philippines and Japan are longtime allies of the United States, which has been strengthening its alliances from Canberra to Tokyo to counter China's growing military might and influence in the region. Chinese officials have accused the United States of trying to create an Asia-Pacific version of NATO. The signing of the RAA comes as China's growing sabre-rattling towards Taiwan and over the South China Sea fuels fears of a potential conflict that could drag in the United States. There have been escalating confrontations at sea between Chinese and Philippine ships as Beijing steps up efforts to push its claims to nearly all of the strategic waterway. The most serious in a number of incidents happened on June 17 when Chinese coast guard personnel wielding knives, sticks and an axe surrounded and boarded three Philippine navy boats during a resupply mission to Second Thomas Shoal in the Spratly Islands. A Filipino sailor lost his thumb in the incident. Tokyo and Beijing are also at loggerheads over Japan-controlled disputed islands in the East China Sea. Japan invaded and occupied the Philippines during World War II, but the two countries have since grown closer due to trade and investment, and more recently, to counter a resurgent China. Japan is a key supplier of security equipment to the Philippines, including patrol vessels for its coast guard and a coastal radar surveillance system. Tokyo's ambassador to Manila, Kazuya Endo, flagged in a speech on Thursday "significant developments" in Japan's defence equipment supplies to the Philippines. Watch | Philippines, Japan ink security deal × 'Linchpin' Tokyo has signed similar reciprocal access agreements with Britain and Australia in recent years. The Philippines has equivalent pacts with the United States and Australia and plans to pursue one with France. The RAA between Manila and Tokyo was important because it would enable the Philippines "to enhance our interoperability with like-minded partners", said Manila-based geopolitical analyst Don McLain Gill. "This would also complement what we are trying to do in terms of enhancing our security partnerships within the US hub and spokes network." The Philippines has been a key focus of US efforts to build an arc of alliances, owing to its position in the South China Sea and proximity to Taiwan, which China claims as its own. Philippine support would be crucial for the United States in the event of any conflict. Leaders from Japan, the Philippines and the United States had their first trilateral summit in April aimed at boosting defence ties in Washington. It was held on the heels of four-way military drills that included Australia in the South China Sea, riling Beijing. Japan, wary about possible future changes in US policy in the region, was also seeking "to play a larger role" as an independent and stabilising force, Gill the analyst, said. "The Japanese would like to impress upon the Americans that Japan is the linchpin of US security presence, military presence here in the region, and of course, the most reliable ally of the United States," said Renato Cruz De Castro, professor for international studies at De La Salle University in Manila.

Historic defence pact signed by Philippines and Japan. Key details revealed

Japan-Philippines sign landmark defence pact

Polls opened Sunday (Jul 7) to elect a new Tokyo governor with incumbent Yuriko Koike challenged by opposition figure Renho, two prominent women in Japan's male-dominated political sphere.

Polls opened Sunday (Jul 7) to elect a new Tokyo governor with incumbent Yuriko Koike challenged by opposition figure Renho, two prominent women in Japan's male-dominated political sphere. Japan has never had a woman prime minister and a large majority of lawmakers are men, but Tokyo, accounting for a tenth of the national population and a fifth of the economy, has been run since 2016 by former television anchor Koike, 71. While few now tout the former defence and environment minister as a possible future prime minister, as many once did, polls suggest that the media-savvy conservative will win a third straight term in the metropolis of 14 million people. This will be some relief ahead of national elections due by late 2025 to the ruling Liberal Democratic Party (LDP) of deeply unpopular Prime Minister Fumio Kishida which backs Koike, even though she broke away from the LDP in 2017. Kishida, whose public support rate has been dwindling to around 20 per cent, partly due to a political funds scandal revealed late last year, will also face the LDP leadership election later this year. The Tokyo vote comes after new government data showed the birth rate hit a record low of 1.20 last year, with Tokyo's figure 0.99 -- the first Japan region to fall below one. Also read | Tokyo govt to launch dating app amid plummeting birth rate: 'Gentle push to find one' Pledges of family support Both Koike and her nearest rival Renho, who goes by one name, have pledged to expand support for parenting, with Koike promising subsidised epidurals. "After having their first child, I hear people say they don't want to experience that pain again," Koike said, according to local media. "I want people to see childbirth and raising children as a happiness, not a risk," said the incumbent, who has campaigned with an AI version of herself. Renho, meanwhile, pledged to support young people "and expand their life choices." "I will implement genuine long-term fertility measures," said Renho, who is backed by Japan's main opposition parties. "I will also realise transparent fiscal reforms, where everyone can check the situation." A dark horse in the race could be independent candidate Shinji Ishimaru, 41, a former mayor of Akitakata in western Japan, recent polls also suggested, with some swing voters preferring him over Koike and Renho. "If you look away, interest-based politics and pork-barrel projects will rear their ugly heads," he said in a speech Saturday, stressing his financial expertise as a former banker. A record 56 people are standing in the election, not all of them serious, with one dressing as "The Joker" and calling for polygamy to be legalised. Others are campaigning for more golf, poker or just to advertise their premises in the red-light district. Local media speculate that the turnout may be up given that early votes cast through July 5 reached 1.65 million, up 20 per cent from 1.38 million in 2020. Overall turnout was 55 per cent in the last vote, down from nearly 60 per cent when Koike was first elected in 2016. Ballot boxes will close at 08:00 pm (1100 GMT).

In male-dominated Japan, Tokyo votes for governor as Koike seeks reelection

A private sector survey data shows that Japanese services activity in June contracted for the first time since August 2016, largely because of easing domestic demand. Notwithstanding the contraction, business confidence and hiring indicators rub off a positive note.

The service sector has turbocharged Japan's economy and so far has cushioned the blow from a poor performance in the manufacturing sector. The final au Jibun Bank Service Purchasing Managers' index (PMI) slid to 49.4 in June from 53.8 in May, bringing a 21-month streak of growth to an abrupt halt, the S&amp;P Global Market Intelligence survey showed. The PMI was weaker than the preliminary figure of 49.8 and the first reading below the 50.0 threshold separating expansion from contraction since August 2022.

Trevor Balchin, economics director at S&amp;P Global Market Intelligence, commented June's decline in new business simply reflects a pause in growth, rather than any great fall in demand.&nbsp;

"Looking beyond the headline figure, the picture is less concerning," Balchin said.

Consumer services, finance and insurance, and real estate and business services were all seeing a fall in demand, but transports and storage together with information and communication rose in June. Meanwhile, the weak yen-the currency has lost over 12 per cent so far this year-boosted foreign demand for Japanese services.

While still broadly positive, at a slower pace, the 12-month outlook for employment and business confidence grew. At the same time, rising wages and food and fuel costs, along with the weaker yen, firmed up the input price increases, driving through the fastest rate of inflation since last August.

Companies continued to pass on price hikes to consumers against the backdrop of higher wages and material costs, and the pace of growth of average prices charged remained close to record levels seen in April and May.

The composite PMI, which combines manufacturing and services activity figures, fell to 49.7 in June from 52.6 in May indicating the first reading below the 50.0 level in seven months.

The economy now approaches a critical juncture, dependent as it has been on services to balance out a weak manufacturing sector, following the recent Japanese service sector contraction. In addition, the au Jibun Bank Service PMI final reading dropped to 49.4 in June, which signals no growth, even though business confidence and hiring indicators showed resilience and thus held some potential for recovery. However, these might be constrained by rising input costs and inflation. As these continue to be passed on to consumers from companies, the economic landscape will balance inflationary pressures with sustainable growth.

A private sector survey data shows that Japanese services activity in June contracted for the first time since August 2016, largely because of easing domestic demand.

A private sector survey data shows that Japanese services activity in June contracted for the first time since August 2016, largely because of easing domestic demand. Notwithstanding the contraction, business confidence and hiring indicators rub off a positive note. The service sector has turbocharged Japan's economy and so far has cushioned the blow from a poor performance in the manufacturing sector. The final au Jibun Bank Service Purchasing Managers' index (PMI) slid to 49.4 in June from 53.8 in May, bringing a 21-month streak of growth to an abrupt halt, the S&P Global Market Intelligence survey showed. The PMI was weaker than the preliminary figure of 49.8 and the first reading below the 50.0 threshold separating expansion from contraction since August 2022. Trevor Balchin, economics director at S&P Global Market Intelligence, commented June's decline in new business simply reflects a pause in growth, rather than any great fall in demand. "Looking beyond the headline figure, the picture is less concerning," Balchin said. Consumer services, finance and insurance, and real estate and business services were all seeing a fall in demand, but transports and storage together with information and communication rose in June. Meanwhile, the weak yen-the currency has lost over 12 per cent so far this year-boosted foreign demand for Japanese services. While still broadly positive, at a slower pace, the 12-month outlook for employment and business confidence grew. At the same time, rising wages and food and fuel costs, along with the weaker yen, firmed up the input price increases, driving through the fastest rate of inflation since last August. Companies continued to pass on price hikes to consumers against the backdrop of higher wages and material costs, and the pace of growth of average prices charged remained close to record levels seen in April and May. The composite PMI, which combines manufacturing and services activity figures, fell to 49.7 in June from 52.6 in May indicating the first reading below the 50.0 level in seven months. The economy now approaches a critical juncture, dependent as it has been on services to balance out a weak manufacturing sector, following the recent Japanese service sector contraction. In addition, the au Jibun Bank Service PMI final reading dropped to 49.4 in June, which signals no growth, even though business confidence and hiring indicators showed resilience and thus held some potential for recovery. However, these might be constrained by rising input costs and inflation. As these continue to be passed on to consumers from companies, the economic landscape will balance inflationary pressures with sustainable growth.

Japan's service sector stumbles: a wake-up call for economic strategy

The Japanese Supreme Court on Wednesday (Jul 3) ruled that the Eugenic Protection Law, which was scrapped in 1996, was 'unconstitutional'. The government had used the draconian law to forcibly sterilise around 16,500 people in order to "prevent the generation of poor quality descendants." The top court also nullified a 20-year statute of limitations in this case, paving the way for thousands of victims to receive compensation from the government.

"For the state to evade responsibility for damages payments would be extremely unfair and unjust, and absolutely intolerable," the court said.

<h2>More about the law</h2>

The law, which came into effect in 1948, allowed the government to use physical restraint, anaesthesia and even "deception" to forcibly sterilise the people. In total, 25,000 people were sterilised, including 8,500 those whose consent was taken on paper.

But lawyers argue those people were likely "de facto forced" because of the pressure individuals faced.

<h2>Victims speak up</h2>

The grave injustice of the past first came to limelight in 2018 when an elderly woman sued the government over a procedure that she had undergone at the age of 15 under the controversial law.

This suit paved the way for more similar cases against the government.

Also read:&nbsp;<a data-ved="2ahUKEwiq6PH8_IqHAxUKdmwGHfzRC64QxfQBKAB6BAgQEAE" href="https://www.wionews.com/business-economy/japans-service-sector-stumbles-a-wake-up-call-for-economic-strategy-737296" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/business-economy/japans-service-sector-stumbles-a-wake-up-call-for-economic-strategy-737296&amp;ved=2ahUKEwiq6PH8_IqHAxUKdmwGHfzRC64QxfQBKAB6BAgQEAE">Japan`s service sector stumbles: a wake-up call for economic strategy</a>

One victim, who uses the pseudonym Saburo Kita, was quoted by the news agency AFP as saying that today she wanted to tell her parents that they had won.

"There are people who couldn't be here today. There are those who died as well. I want to visit the grave of my parents and tell them we've won," Kita said.

<h2>Govt issued apology</h2>

The Japanese government in 2019 had passed a legislation apologising "wholeheartedly" for the defunct law and declaring compensation of 3.2 million yen (around $20,000 today) per victim.

But survivors didn't find it enough and took the matter to court.

Also read:&nbsp;<a data-ved="2ahUKEwiq6PH8_IqHAxUKdmwGHfzRC64QxfQBKAB6BAgHEAE" href="https://www.wionews.com/videos/japan-renews-its-banknotes-for-the-first-time-in-20-years-737435" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/videos/japan-renews-its-banknotes-for-the-first-time-in-20-years-737435&amp;ved=2ahUKEwiq6PH8_IqHAxUKdmwGHfzRC64QxfQBKAB6BAgHEAE">Japan renews its banknotes for the first time in 20 years</a>

Judges in lower courts agreed that the law violated the country's constitution but voiced mixed opinions on whether the victims could be compensated given that the 20-year window for pursuing damages had closed.

Now, the Supreme Court has ended this debate with a historic ruling, welcomed by the victims.

"We cannot forgive the irresponsibility of the government and its lack of human rights awareness, as well as the fact that what is now described as the biggest human rights violation in Japan's post-war history was left unaddressed for such a long time," one group of victims said in a statement.

(With inputs from agencies)

The Japanese Supreme Court on Wednesday (Jul 3) ruled that the Eugenic Protection Law, which was scrapped in 1996, was 'unconstitutional'. The government had used the draconian law to forcibly sterilise around 16,500 people in order to "prevent the generation of poor quality descendants.

The Japanese Supreme Court on Wednesday (Jul 3) ruled that the Eugenic Protection Law, which was scrapped in 1996, was 'unconstitutional'. The government had used the draconian law to forcibly sterilise around 16,500 people in order to "prevent the generation of poor quality descendants." The top court also nullified a 20-year statute of limitations in this case, paving the way for thousands of victims to receive compensation from the government. "For the state to evade responsibility for damages payments would be extremely unfair and unjust, and absolutely intolerable," the court said. More about the law The law, which came into effect in 1948, allowed the government to use physical restraint, anaesthesia and even "deception" to forcibly sterilise the people. In total, 25,000 people were sterilised, including 8,500 those whose consent was taken on paper. But lawyers argue those people were likely "de facto forced" because of the pressure individuals faced. Victims speak up The grave injustice of the past first came to limelight in 2018 when an elderly woman sued the government over a procedure that she had undergone at the age of 15 under the controversial law. This suit paved the way for more similar cases against the government. Also read: Japan`s service sector stumbles: a wake-up call for economic strategy One victim, who uses the pseudonym Saburo Kita, was quoted by the news agency AFP as saying that today she wanted to tell her parents that they had won. "There are people who couldn't be here today. There are those who died as well. I want to visit the grave of my parents and tell them we've won," Kita said. Govt issued apology The Japanese government in 2019 had passed a legislation apologising "wholeheartedly" for the defunct law and declaring compensation of 3.2 million yen (around $20,000 today) per victim. But survivors didn't find it enough and took the matter to court. Also read: Japan renews its banknotes for the first time in 20 years Judges in lower courts agreed that the law violated the country's constitution but voiced mixed opinions on whether the victims could be compensated given that the 20-year window for pursuing damages had closed. Now, the Supreme Court has ended this debate with a historic ruling, welcomed by the victims. "We cannot forgive the irresponsibility of the government and its lack of human rights awareness, as well as the fact that what is now described as the biggest human rights violation in Japan's post-war history was left unaddressed for such a long time," one group of victims said in a statement. (With inputs from agencies)

Japan Supreme Court says forced sterilisation law was ‘unconstitutional’, allows people to claim compensation

Japan began circulating its first new banknotes in 20 years on Wednesday (July 3), featuring three-dimensional portraits of the founders of financial institutions and a women's university in an attempt to frustrate counterfeiters.

Japan renews its banknotes for the first time in 20 years

The pace of the rally of Japan's stock market is now expected to slow down in the second half of 2024, giving investors a greater likelihood of shifting investments to rival markets.

A Bloomberg survey of asset managers and strategists called for a benchmark Topix index rise of around 2.9 per cent to 2,890 by year-end, while the Nikkei 225 Stock Average will climb about 4.8 per cent to 41,489. That would be a serious deceleration from the gain of about 18 per cent these indices made in the first half of this year. The broader Topix even climbed to a 34-year high, above its March highs, with the financial sector leading the gains.

Concerns about further yen weakness weighed on sentiment. Consumer and business spending wilted, and around a third of Bank of Japan watchers surveyed by Bloomberg expect a July rate increase. Released Friday morning, Tokyo's June inflation data came in higher - enough to keep a possible interest rate hike on the table, in theory, for the upcoming Bank of Japan meeting.

“I don’t think we will see out-performance from Japanese stocks from here,” said Kyle Rodda, a senior market analyst at Capital.Com Inc. “Given the rally we saw at the start of the year, the underlying trends in the economy and policy lend themselves to more downside than upside risks.”

The yen slipped to 161 per dollar, bringing it close to levels not seen since 1986. Further predictions had it slumping as low as 170 per dollar. While a weaker yen benefits exporters, a weaker yen also contributes to inflation through higher import costs, hence suppressing real wages, which becomes a critical factor for the growth of Japanese equities.

Currency risks and a slowing economy are making some foreign investors look for opportunities outside Japan. The Topix trades at a price to earnings ratio of about 17 times, while 14 times for the Shanghai Stock Exchange Composite index. It is reported that for a fifth week, foreign investors sold Japanese cash equities in a row, which is the longest streak since March of the previous year.

“We think Japan may lag China, but still do quite well to broader Asia,” said Alexander Cousley, an investment strategist at Russell Investments Group LLC. “Valuations are there, with Chinese equities notably cheaper than Japanese and global equities.”

That said, many still remain positive on Japan with companies such as BlackRock Inc. staying overweight on Japan equities. In June, a survey by Bank of America showed Japan is still the most favoured market in the region. Using forward earnings, the MSCI Japan index is expected to rise 16 per cent in the next 12 months, while the MSCI World index is expected to rise by 8.5 per cent, based on Bloomberg data.

“Earnings for Japanese companies, which have already outperformed the underlying economy, are expected to improve even further and lead the developed world at about 11%–13% this year,” Alexander Wolf, head of Asia Investment Strategy at JP Morgan Chase Bank NA wrote in a note this month.

The pace of the rally of Japan's stock market is now expected to slow down in the second half of 2024, giving investors a greater likelihood of shifting investments to rival markets.

The pace of the rally of Japan's stock market is now expected to slow down in the second half of 2024, giving investors a greater likelihood of shifting investments to rival markets. A Bloomberg survey of asset managers and strategists called for a benchmark Topix index rise of around 2.9 per cent to 2,890 by year-end, while the Nikkei 225 Stock Average will climb about 4.8 per cent to 41,489. That would be a serious deceleration from the gain of about 18 per cent these indices made in the first half of this year. The broader Topix even climbed to a 34-year high, above its March highs, with the financial sector leading the gains. Concerns about further yen weakness weighed on sentiment. Consumer and business spending wilted, and around a third of Bank of Japan watchers surveyed by Bloomberg expect a July rate increase. Released Friday morning, Tokyo's June inflation data came in higher - enough to keep a possible interest rate hike on the table, in theory, for the upcoming Bank of Japan meeting. “I don’t think we will see out-performance from Japanese stocks from here,” said Kyle Rodda, a senior market analyst at Capital.Com Inc. “Given the rally we saw at the start of the year, the underlying trends in the economy and policy lend themselves to more downside than upside risks.” The yen slipped to 161 per dollar, bringing it close to levels not seen since 1986. Further predictions had it slumping as low as 170 per dollar. While a weaker yen benefits exporters, a weaker yen also contributes to inflation through higher import costs, hence suppressing real wages, which becomes a critical factor for the growth of Japanese equities. Currency risks and a slowing economy are making some foreign investors look for opportunities outside Japan. The Topix trades at a price to earnings ratio of about 17 times, while 14 times for the Shanghai Stock Exchange Composite index. It is reported that for a fifth week, foreign investors sold Japanese cash equities in a row, which is the longest streak since March of the previous year. “We think Japan may lag China, but still do quite well to broader Asia,” said Alexander Cousley, an investment strategist at Russell Investments Group LLC. “Valuations are there, with Chinese equities notably cheaper than Japanese and global equities.” That said, many still remain positive on Japan with companies such as BlackRock Inc. staying overweight on Japan equities. In June, a survey by Bank of America showed Japan is still the most favoured market in the region. Using forward earnings, the MSCI Japan index is expected to rise 16 per cent in the next 12 months, while the MSCI World index is expected to rise by 8.5 per cent, based on Bloomberg data. “Earnings for Japanese companies, which have already outperformed the underlying economy, are expected to improve even further and lead the developed world at about 11%–13% this year,” Alexander Wolf, head of Asia Investment Strategy at JP Morgan Chase Bank NA wrote in a note this month.

Japan’s stock rally expected to slow: investors eye rivals as yen weakens and economy slows

In response to an impending cargo transportation problem, Japan has revealed plans to build a network of advanced, automated conveyor belts to move products more than 500 miles between Tokyo and Osaka.

Japan plan's a 500km conveyor belt to solve looming cargo logistics crisis

North Korea has successfully conducted an important test aimed at developing missiles carrying multiple warheads, state television KRT said on Thursday (June 27), a claim rejected by South Korea as "deception" to mask a failed launch.

North Korea claims successful test to develop multiple warhead missile

Japan is planning to build a 300-mile conveyor belt (autoflow-road network) between Tokyo and Osaka for better efficiency in transportation.&nbsp;

They aim to deal with two problems with this high-tech road. First, an automated belt will help reduce greenhouse gas emissions to a great extent. Secondly, it will also help Japan deal with the shortage of delivery drivers they are currently facing. This automated road will ensure smooth cargo transportation across Japan.&nbsp;

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<h2>The pressing problem of shortage of delivery drivers</h2>

Japan is currently facing a shortage of delivery drivers due to the rapid ageing of the population. This is a significant problem for Japan as it slows down the transportation system of the nation.&nbsp;

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According to Nomura Research Institute, it is estimated that conventional freight transportation will drop to 1.4 billion tonnes in 2030 compared to 1.43 billion tonnes in 2020.&nbsp;

In a grim situation like this, an automated road is what Japan needs. This conveyor belt would function 24 hours a day, with pallets holding up to one tonne of cargo. It is said that this automated belt would replace the job of 25,000 drivers per day.&nbsp;

<h2>An initiative towards reducing greenhouse gas emissions&nbsp;</h2>

According to the plan devised for the Autoflow-Road, the conveyor belts will be installed beneath highways, on ground tracks, along motorways, etc. This is an attempt to reduce greenhouse gas emissions and increase efficiency in transportation.&nbsp;

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"The Autoflow-Road will not only address the logistics crisis but also help to reduce greenhouse gas emissions. We would like to speedily proceed with discussions on the matter,"&nbsp;Transport Minister, Tetsuo Saito said during the unveiling ceremony.&nbsp;

(With inputs from agencies)&nbsp;

Japan is planning to build a 300-mile conveyor belt (autoflow-road network) between Tokyo and Osaka for better efficiency in transportation. They aim to deal with two problems with this high-tech road.

Japan is planning to build a 300-mile conveyor belt (autoflow-road network) between Tokyo and Osaka for better efficiency in transportation. They aim to deal with two problems with this high-tech road. First, an automated belt will help reduce greenhouse gas emissions to a great extent. Secondly, it will also help Japan deal with the shortage of delivery drivers they are currently facing. This automated road will ensure smooth cargo transportation across Japan. Also read | Abraham Lincoln's wax statue melts amid soaring temperatures, see pics The pressing problem of shortage of delivery drivers Japan is currently facing a shortage of delivery drivers due to the rapid ageing of the population. This is a significant problem for Japan as it slows down the transportation system of the nation. Watch | Germany cracks down on terror propagation According to Nomura Research Institute, it is estimated that conventional freight transportation will drop to 1.4 billion tonnes in 2030 compared to 1.43 billion tonnes in 2020. In a grim situation like this, an automated road is what Japan needs. This conveyor belt would function 24 hours a day, with pallets holding up to one tonne of cargo. It is said that this automated belt would replace the job of 25,000 drivers per day. An initiative towards reducing greenhouse gas emissions According to the plan devised for the Autoflow-Road, the conveyor belts will be installed beneath highways, on ground tracks, along motorways, etc. This is an attempt to reduce greenhouse gas emissions and increase efficiency in transportation. Also read | UK: Families outraged as driver not charged after fatal school crash in Wimbledon "The Autoflow-Road will not only address the logistics crisis but also help to reduce greenhouse gas emissions. We would like to speedily proceed with discussions on the matter," Transport Minister, Tetsuo Saito said during the unveiling ceremony. (With inputs from agencies)

Japan to build 300-mile conveyor belt amid driver shortage due to ageing population

Japanese currency yen fell to its lowest level since 1986. This has alerted traders on a possible intervention by the central bank. Japan's Ministry of Finance and Central Bank spent $62 billion in late April and early May to stabilise the currency when it fell below 160. This might have given some temporary relief, but the currency has already dropped 5 per cent since May. The sluggish export numbers and rising imports are hurting the currency's value among investors. The trade deficit stands at $38 billion in the last fiscal year. &nbsp;

Japan is currently following the US Fed's 'hawkish stance' on keeping interest rates on hold, at least for now. The US is currently 'observing' the movements of key economic indicators. This strategy is possibly hurting the yen, which is now facing the test of a rising dollar and a growing deficit. The dollar index rose 0.3 per cent to 105.99, the highest since May.

The recently concluded Bank of Japan meeting hinted at a July rate hike. Now the anticipation of an early stimulus is growing as the country faces a potential currency crisis amid rising debt.

Japan's central bank made a historic pivot in April when it raised rates for the first time since 2007. The country abandoned its decade-long policy of keeping negative interest rates on its bond yields. The idea was initially to counter inflation and boost growth. However, the growing US-Japan bond yield deficit led to this shift. The returns on investing in Japanese government bonds are relatively lower than other currencies. This has led to a currency plunge of more than 13 per cent in 2024.

In 2023 alone, the currency has recorded three-decade lows against the US dollar. It is also one of the worst-performing currencies of 2024.

Japanese currency yen fell to its lowest level since 1986. This has alerted traders on a possible intervention by the central bank. Japan's Ministry of Finance and Central Bank spent $62 billion in late April and early May to stabilise the currency when it fell below 160.

Japanese currency yen fell to its lowest level since 1986. This has alerted traders on a possible intervention by the central bank. Japan's Ministry of Finance and Central Bank spent $62 billion in late April and early May to stabilise the currency when it fell below 160. This might have given some temporary relief, but the currency has already dropped 5 per cent since May. The sluggish export numbers and rising imports are hurting the currency's value among investors. The trade deficit stands at $38 billion in the last fiscal year. Japan is currently following the US Fed's 'hawkish stance' on keeping interest rates on hold, at least for now. The US is currently 'observing' the movements of key economic indicators. This strategy is possibly hurting the yen, which is now facing the test of a rising dollar and a growing deficit. The dollar index rose 0.3 per cent to 105.99, the highest since May. The recently concluded Bank of Japan meeting hinted at a July rate hike. Now the anticipation of an early stimulus is growing as the country faces a potential currency crisis amid rising debt. Japan's central bank made a historic pivot in April when it raised rates for the first time since 2007. The country abandoned its decade-long policy of keeping negative interest rates on its bond yields. The idea was initially to counter inflation and boost growth. However, the growing US-Japan bond yield deficit led to this shift. The returns on investing in Japanese government bonds are relatively lower than other currencies. This has led to a currency plunge of more than 13 per cent in 2024. In 2023 alone, the currency has recorded three-decade lows against the US dollar. It is also one of the worst-performing currencies of 2024.

Japanese yen hits lowest level since 1986

Japan's government is calling for increased supervision of US troops stationed in the country after a US soldier was charged over the alleged sexual assault of a Japanese teenager in Okinawa.

The prosecutors in the southern island region charged the US soldier in March, top government spokesman Yoshimasa Hayashi told reporters on Tuesday (June 25).

According to the local media, the 25-year-old man allegedly assaulted her on 24 December and he was identified through security camera footage after the girls' family reported it.

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The Japanese government expressed regret to US Ambassador Rahm Emanuel over the incident and called for stronger oversight of behaviour by military personnel, Hayashi said.

Okinawa, despite comprising just 0.6 percent of Japan's land area, accommodates approximately 70% of all US military bases and facilities in the country. The islands are home to more than half of the 54,000 US soldiers serving in Japan.

Residents have faced numerous issues stemming from these bases, including pollution, noise, and helicopter crashes, leading to widespread complaints about bearing the primary burden of hosting troops.

Notably, in 1995 gang rape of a 12-year-old girl by three US soldiers in Okinawa prompted widespread calls for a change of a 1960 pact that outlined the legal status of Japan-based US military personnel.

Okinawa governor Denny Tamaki said, “The act committed against a minor not only instills fear among local residents coexisting with US bases but also violates the dignity of women.”

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"The extreme burden of hosting military bases is an everyday matter for us, and is intolerable," he added.

A nationwide poll conducted by broadcaster NHK in 2022 revealed that 80% of Japanese view the current disproportionate distribution of United States forces as wrong or somewhat wrong.

(With inputs from agencies)

Japan's government is calling for increased supervision of US troops stationed in the country after a US soldier was charged over the alleged sexual assault of a Japanese teenager in Okinawa.

Japan's government is calling for increased supervision of US troops stationed in the country after a US soldier was charged over the alleged sexual assault of a Japanese teenager in Okinawa. The prosecutors in the southern island region charged the US soldier in March, top government spokesman Yoshimasa Hayashi told reporters on Tuesday (June 25). According to the local media, the 25-year-old man allegedly assaulted her on 24 December and he was identified through security camera footage after the girls' family reported it. Also read: Japan-UK royalty ties: Japanese Emperor & Empress begins UK visit The Japanese government expressed regret to US Ambassador Rahm Emanuel over the incident and called for stronger oversight of behaviour by military personnel, Hayashi said. Okinawa, despite comprising just 0.6 percent of Japan's land area, accommodates approximately 70% of all US military bases and facilities in the country. The islands are home to more than half of the 54,000 US soldiers serving in Japan. Residents have faced numerous issues stemming from these bases, including pollution, noise, and helicopter crashes, leading to widespread complaints about bearing the primary burden of hosting troops. Notably, in 1995 gang rape of a 12-year-old girl by three US soldiers in Okinawa prompted widespread calls for a change of a 1960 pact that outlined the legal status of Japan-based US military personnel. Okinawa governor Denny Tamaki said, “The act committed against a minor not only instills fear among local residents coexisting with US bases but also violates the dignity of women.” Also read: Japan joins US in sanctioning China over support for Russia's war "The extreme burden of hosting military bases is an everyday matter for us, and is intolerable," he added. A nationwide poll conducted by broadcaster NHK in 2022 revealed that 80% of Japanese view the current disproportionate distribution of United States forces as wrong or somewhat wrong. (With inputs from agencies)

US soldier charged in Japan's Okinawa for rape of minor

In a scientific breakthrough, Japanese scientists have found a way to attach artificially created living skin to robot faces for more realistic smiles and facial expressions.

Japanese scientists create living robot skin with human cells

The price Japanese companies charge each other for services increased 2.5 per cent in May compared to last year, indicating that businesses are passing on rising labour costs to their clients. This is according to Reuters.

This rise, however, is slower than the 2.7 per cent gain observed in April. 
The Bank of Japan (BOJ) data also showed that an index measuring service prices with high labour content remained unchanged at 2.5 per cent year-on-year.

According to a report by Associate Press, even though this growth in business service prices, Japan's economy contracted at an annualised rate of 1.8 per cent in the first quarter of 2023. This is a slight improvement from the initial estimate of a 2.0 per cent decline. The revision can be attributed to an upward adjustment in private sector investments, which went from -0.5 per cent to -0.4 per cent, according to data provided by the Cabinet Office.

Japan's GDP, a measure of the nation's economic output, remained negative due to a decrease in exports and consumption compared to the previous quarter. The economy also witnessed a 0.5 per cent decline on a quarter-to-quarter basis in the January-March period.

Slow wage growth and rising import prices due to the weakening yen against the US dollar have been hurdles for the Japanese economy. The dollar has recently been trading at nearly 157 yen, compared to 140 yen a year ago.

While the weak yen has boosted tourism, it has also made imports more expensive, impacting a nation that relies heavily on energy imports. Stagnant consumer spending, which makes up half of Japan's economic activity, has further burdened the economy.

Another factor weighing on the economy is the ongoing scandal involving deceptive vehicle testing by major automakers, including Toyota, which has damaged Japan's reputation for quality. The scandal has led to production halts on some models.

Government officials have raided the headquarters of several automakers, including Honda and Mazda, investigating their testing practices. Toyota's chairman recently apologised for the widespread fraudulent testing, which involved the use of incorrect data and improper testing procedures. While the safety of the vehicles was not compromised, the companies aimed to expedite the testing process.

Investors are closely following the upcoming meeting of the Bank of Japan's monetary policy board. The central bank raised interest rates earlier this year for the first time since 2007, but only marginally, to a range of 0 per cent to 0.1 per cent. S&amp;P Global Market Intelligence highlighted concerns about the weak yen and rising input costs faced by Japanese manufacturers.

Japan's unemployment rate remains low at around 2.6 per cent, one of the lowest among major economies. However, the country faces a serious labour shortage due to its declining birth rate, which hit a record low last year, along with a decrease in marriages.

Analysts warn that these demographic trends could pose a long-term threat, potentially weakening Japan's global influence and even impacting its security in the future, given the country's already low per capita output.

The International Monetary Fund (IMF) predicts that Japan's GDP will fall to the fifth-largest globally by next year, surpassed by India.

(With inputs from Reuters and Associate Press)

The price Japanese companies charge each other for services increased 2.5 per cent in May compared to last year, indicating that businesses are passing on rising labour costs to their clients.

The price Japanese companies charge each other for services increased 2.5 per cent in May compared to last year, indicating that businesses are passing on rising labour costs to their clients. This is according to Reuters. This rise, however, is slower than the 2.7 per cent gain observed in April. The Bank of Japan (BOJ) data also showed that an index measuring service prices with high labour content remained unchanged at 2.5 per cent year-on-year. According to a report by Associate Press, even though this growth in business service prices, Japan's economy contracted at an annualised rate of 1.8 per cent in the first quarter of 2023. This is a slight improvement from the initial estimate of a 2.0 per cent decline. The revision can be attributed to an upward adjustment in private sector investments, which went from -0.5 per cent to -0.4 per cent, according to data provided by the Cabinet Office. Japan's GDP, a measure of the nation's economic output, remained negative due to a decrease in exports and consumption compared to the previous quarter. The economy also witnessed a 0.5 per cent decline on a quarter-to-quarter basis in the January-March period. Slow wage growth and rising import prices due to the weakening yen against the US dollar have been hurdles for the Japanese economy. The dollar has recently been trading at nearly 157 yen, compared to 140 yen a year ago. While the weak yen has boosted tourism, it has also made imports more expensive, impacting a nation that relies heavily on energy imports. Stagnant consumer spending, which makes up half of Japan's economic activity, has further burdened the economy. Another factor weighing on the economy is the ongoing scandal involving deceptive vehicle testing by major automakers, including Toyota, which has damaged Japan's reputation for quality. The scandal has led to production halts on some models. Government officials have raided the headquarters of several automakers, including Honda and Mazda, investigating their testing practices. Toyota's chairman recently apologised for the widespread fraudulent testing, which involved the use of incorrect data and improper testing procedures. While the safety of the vehicles was not compromised, the companies aimed to expedite the testing process. Investors are closely following the upcoming meeting of the Bank of Japan's monetary policy board. The central bank raised interest rates earlier this year for the first time since 2007, but only marginally, to a range of 0 per cent to 0.1 per cent. S&P Global Market Intelligence highlighted concerns about the weak yen and rising input costs faced by Japanese manufacturers. Japan's unemployment rate remains low at around 2.6 per cent, one of the lowest among major economies. However, the country faces a serious labour shortage due to its declining birth rate, which hit a record low last year, along with a decrease in marriages. Analysts warn that these demographic trends could pose a long-term threat, potentially weakening Japan's global influence and even impacting its security in the future, given the country's already low per capita output. The International Monetary Fund (IMF) predicts that Japan's GDP will fall to the fifth-largest globally by next year, surpassed by India. (With inputs from Reuters and Associate Press)

Japan's business service prices rise as companies pass on labour costs

The US Justice department is deliberating whether Boeing can avoid criminal charges for breaching a 2021 settlement linked to the 737 max 8 crashes in 2018 and 2019. Although a decision is expected by month-end, prosecutors have not yet finalized their stance. Options include a deferred prosecution agreement or a plea deal where Boeing would admit wrongdoing and possibly appoint an independent monitor to oversee safety protocols.

US weighs charges against Boeing

Japan's Royals Emperor Naruhito and empress Masako are on a weeklong state visit to the United Kingdom. The visit underscores age-old bonds between the royal families besides ties between Japan and Britain. Watch in for more details!

Japanese emperor Naruhito and empress Masako arrive in UK for 3 day state visit

Nuclear powered US aircraft carrier Theodore Roosevelt arrived in South Korea yesterday. The deployment comes ahead of the three-way military exercise 'Freedom Edge' between Japan South Korea and the United States. Watch in for more details!

US, Japan & South Korea drills: Nuclear-powered US aircraft carrier arrives in Busan

Japan-UK royalty ties: Japanese Emperor & Empress begins UK visit | World News | WION

US, Japan & South Korea to start military exercise in June

Global trade tensions are rising as the US Pushes allies to join its fight against china's economic practices. But why are Japanese firms hesitant on china tariffs? Take a look at this report to find out.

Japanese companies oppose tariffs on Chinese imports

Boeing, one of the world's leading aerospace giants, is struggling to find a new CEO amid ongoing scrutiny over safety issues. Current CEO David Calhoun announced his resignation for the end of the year in march, aiming to rejuvenate Boeing's tarnished reputation. However, several high-profile candidates have declined the top job offer, according to a report by the wall street journal.

Boeing in Crisis: Urgency mounts for Boeing's CEO appointment

The United States Treasury Department on Thursday (June 20) added Japan to its "monitoring list" of major trading partners whose currency practices "merit close attention".&nbsp;

A semi-annual report, it evaluates countries with substantial trade surpluses that actively engage in foreign exchange markets to gain trade advantages.&nbsp;

The latest report, as per AFP, stops short of labelling any nation a "currency manipulator".

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<h2>What is a currency "monitoring list"?</h2>

The United States "monitoring list" report evaluates countries with substantial trade surpluses that actively engage in foreign exchange markets to gain trade advantages.&nbsp;

According to the Treasury, Japan met two of the three criteria for "enhanced analysis." These included "having a material current account surplus and a significant bilateral trade surplus with the United States."

However, Japan did not meet the third criterion: being "engaged in persistent one-sided intervention in the foreign exchange market."

Alongside Japan, the monitoring list includes China, Taiwan, Malaysia, Singapore, Vietnam, and Germany. Previously, India was also a part of this list.

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In a statement, the Treasury Department clarified that none of these countries met all three criteria necessary for enhanced analysis.

"No major US trading partner manipulated the rate of exchange between its currency and the US dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade during the four quarters through December 2023," the Treasury statement read.

<h2>Why was Japan added to the list?</h2>

Japan's recent inclusion in the list follows its intervention in the currency markets beginning in April. This intervention sought to support the yen, which had plummeted in value — from around 115 per dollar before Russia's invasion of Ukraine in February 2022 to nearly 160.&nbsp;

The sharp decline in the yen's value was in part attributed to the Central Bank of Japan's decision to maintain ultra-low interest rates even as central banks increased theirs.

Since initiating these measures, Japanese authorities have spent approximately $62 billion to bolster their currency, according to government data released late last month.

(With inputs from agencies)

The United States Treasury Department on Thursday (June 20) added Japan to its "monitoring list" of major trading partners whose currency practices "merit close attention".

The United States Treasury Department on Thursday (June 20) added Japan to its "monitoring list" of major trading partners whose currency practices "merit close attention". A semi-annual report, it evaluates countries with substantial trade surpluses that actively engage in foreign exchange markets to gain trade advantages. The latest report, as per AFP, stops short of labelling any nation a "currency manipulator". Also read | TikTok fights back: ByteDance appeals against potential ban in US, calls it 'unconstitutional' What is a currency "monitoring list"? The United States "monitoring list" report evaluates countries with substantial trade surpluses that actively engage in foreign exchange markets to gain trade advantages. According to the Treasury, Japan met two of the three criteria for "enhanced analysis." These included "having a material current account surplus and a significant bilateral trade surplus with the United States." However, Japan did not meet the third criterion: being "engaged in persistent one-sided intervention in the foreign exchange market." Alongside Japan, the monitoring list includes China, Taiwan, Malaysia, Singapore, Vietnam, and Germany. Previously, India was also a part of this list. Also read | IDF handed over legal powers in West Bank to pro-settler civil servants: Report In a statement, the Treasury Department clarified that none of these countries met all three criteria necessary for enhanced analysis. "No major US trading partner manipulated the rate of exchange between its currency and the US dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade during the four quarters through December 2023," the Treasury statement read. Why was Japan added to the list? Japan's recent inclusion in the list follows its intervention in the currency markets beginning in April. This intervention sought to support the yen, which had plummeted in value — from around 115 per dollar before Russia's invasion of Ukraine in February 2022 to nearly 160. The sharp decline in the yen's value was in part attributed to the Central Bank of Japan's decision to maintain ultra-low interest rates even as central banks increased theirs. Since initiating these measures, Japanese authorities have spent approximately $62 billion to bolster their currency, according to government data released late last month. (With inputs from agencies)

US adds Japan to currency 'monitoring list'; stops short of labelling it 'currency manipulator'

Japan imposed trade restrictions on several companies in China, India, Kazakhstan, and Uzbekistan for allegedly aiding Russia's war in Ukraine, according to a statement released by the Japanese foreign ministry on Friday, as reported by Reuters.

This is the first time Japan has imposed sanctions on Chinese companies concerning the ongoing conflict.

The sanctioned entities include Asia Pacific Links Ltd., based in Hong Kong and accused of supplying microchips for Russian drones, and Yilufa Electronics Limited based in China.

These sanctions mirror measures previously taken by the United States and prohibit Japanese companies from exporting goods to the targeted firms.

The US has accused China of aiding Russia's military efforts in Ukraine by providing drone and missile technology.

Last week, the US expanded its sanctions on Russia, including Chinese companies that sell semiconductors to Moscow.

Additionally, China and Russia reportedly are implementing detailed measures to ensure uninterrupted bilateral financial transactions, potentially exposing some Chinese financial institutions to future sanctions.

(With inputs from Reuters)

Japan imposed trade restrictions on several companies in China, India, Kazakhstan, and Uzbekistan for allegedly aiding Russia's war in Ukraine, according to a statement released by the Japanese foreign ministry on Friday, as reported by Reuters.

Japan imposed trade restrictions on several companies in China, India, Kazakhstan, and Uzbekistan for allegedly aiding Russia's war in Ukraine, according to a statement released by the Japanese foreign ministry on Friday, as reported by Reuters. This is the first time Japan has imposed sanctions on Chinese companies concerning the ongoing conflict. The sanctioned entities include Asia Pacific Links Ltd., based in Hong Kong and accused of supplying microchips for Russian drones, and Yilufa Electronics Limited based in China. These sanctions mirror measures previously taken by the United States and prohibit Japanese companies from exporting goods to the targeted firms. The US has accused China of aiding Russia's military efforts in Ukraine by providing drone and missile technology. Last week, the US expanded its sanctions on Russia, including Chinese companies that sell semiconductors to Moscow. Additionally, China and Russia reportedly are implementing detailed measures to ensure uninterrupted bilateral financial transactions, potentially exposing some Chinese financial institutions to future sanctions. (With inputs from Reuters)

Japan joins US in sanctioning China over support for Russia's war

Japan is currently witnessing a sharp rise in a disease caused by a rare "flesh-eating bacteria", Bloomberg reported on Saturday (Jun 15). The bacteria can kill people within 48 hours. It has been spreading after the country relaxed Covid-era restrictions.&nbsp;

The National Institute of Infectious Diseases (NIID) mentioned that there had been 977 cases of streptococcal toxic shock syndrome (STSS) this year as of June 2, a number that is more than the record 941 cases reported last year. NIID has been monitoring the disease's occurrences since 1999.&nbsp;

Streptococcal toxic shock syndrome is a serious complication of group A Streptococcus infection with a high mortality rate. Expert-based reports have noted that rapid detection, early intensive care support and surgical management are vital while treating these patients. &nbsp;

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Group A Streptococcus (GAS) typically causes swelling and sore throat in children known as "strep throat". The first symptoms of STSS often include fever and chills, muscle aches, nausea and vomiting.&nbsp;

Once the first symptoms start, low blood pressure develops in about 24 to 48 hours. Once this happens, STSS quickly gets much more serious with serious conditions like: hypotension (low blood pressure), organ failure (other signs that organs are not working), tachycardia (faster than normal heart rate) and tachypnea (rapid breathing).&nbsp;

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Watch:&nbsp;China's humanoid robots that mimic human expressions

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The report mentioned that some types of bacteria can lead to symptoms developing rapidly, including limb pain and swelling, fever and low blood pressure. These symptoms can be followed by necrosis, breathing problems, organ failure and death. People over 50 are more prone to the disease.&nbsp;

"Most of the deaths happen within 48 hours. As soon as a patient notices swelling in foot in the morning, it can expand to the knee by noon, and they can die within 48 hours," said&nbsp;Ken Kikuchi, a professor in infectious diseases at Tokyo Women's Medical University, according to&nbsp;Bloomberg,

Kikuchi said that 2,500 cases could occur in Japan this year at the present pace of infections, with a "terrifying" 30% death rate. He also advised everyone to treat any open wounds and practise good hand hygiene.&nbsp;

(With inputs from agencies)&nbsp;

Japan is currently witnessing a sharp rise in a disease caused by a rare "flesh-eating bacteria", Bloomberg reported on Saturday (Jun 15). The bacteria can kill people within 48 hours.

Japan is currently witnessing a sharp rise in a disease caused by a rare "flesh-eating bacteria", Bloomberg reported on Saturday (Jun 15). The bacteria can kill people within 48 hours. It has been spreading after the country relaxed Covid-era restrictions. The National Institute of Infectious Diseases (NIID) mentioned that there had been 977 cases of streptococcal toxic shock syndrome (STSS) this year as of June 2, a number that is more than the record 941 cases reported last year. NIID has been monitoring the disease's occurrences since 1999. Streptococcal toxic shock syndrome is a serious complication of group A Streptococcus infection with a high mortality rate. Expert-based reports have noted that rapid detection, early intensive care support and surgical management are vital while treating these patients. Also read: Scientifically speaking, THIS is how much time one should spend peeing Group A Streptococcus (GAS) typically causes swelling and sore throat in children known as "strep throat". The first symptoms of STSS often include fever and chills, muscle aches, nausea and vomiting. Once the first symptoms start, low blood pressure develops in about 24 to 48 hours. Once this happens, STSS quickly gets much more serious with serious conditions like: hypotension (low blood pressure), organ failure (other signs that organs are not working), tachycardia (faster than normal heart rate) and tachypnea (rapid breathing). Also read: Want a better deal? Your facial expressions matter most while negotiating Watch: China's humanoid robots that mimic human expressions × The report mentioned that some types of bacteria can lead to symptoms developing rapidly, including limb pain and swelling, fever and low blood pressure. These symptoms can be followed by necrosis, breathing problems, organ failure and death. People over 50 are more prone to the disease. "Most of the deaths happen within 48 hours. As soon as a patient notices swelling in foot in the morning, it can expand to the knee by noon, and they can die within 48 hours," said Ken Kikuchi, a professor in infectious diseases at Tokyo Women's Medical University, according to Bloomberg, Kikuchi said that 2,500 cases could occur in Japan this year at the present pace of infections, with a "terrifying" 30% death rate. He also advised everyone to treat any open wounds and practise good hand hygiene. (With inputs from agencies)

'Deaths happen within 48 hours': Rare flesh-eating bacteria spreads in Japan

Bianca Censori and her 'naked fashion' continue to dominate the headlines. From Los Angeles to Paris, Bianca has turned heads with her bold fashion statements, and now she has taken it to Tokyo,&nbsp;the capital city&nbsp;of Japan.&nbsp;

After travelling to Japan in an economy&nbsp;section of the flight, Censori and husband Ye the rapper went on a shopping spree in Tokyo.

For her day out in Japan, Censori and Ye walked holding hands. However, what made everyone's jaw drop was her choice of&nbsp;outfit.

A new addition to her list of wackiest and craziest looks, Censori, 29, showed up wearing a G-string bodysuit, ditching her pants.

She walked around Ginza Six, Tokyo&nbsp;with her husband, carefree as she flaunted&nbsp;her bare butts in the rubber Yeezy sleeper.

<a href="https://www.wionews.com/entertainment/jennifer-garners-beau-john-miller-feels-its-not-her-job-to-fix-ex-bens-marriage-731953">Jennifer Garner’s beau John Miller feels it's ‘not her job to fix’ ex-Ben Affleck's marriage</a> 
 
<img alt="B" data-entity-type="file" data-entity-uuid="1db47528-a71e-4620-be72-b1d8687b71fb" src="//cdn.wionews.com/sites/default/files/inline-images/happy%2030th%20birthday%20-%202024-06-15T141734.784.png" />

She received a major backlash from the Japanese public who found the outfit&nbsp; objectionable and called for a penalty for "public indecency". According to The Penal Code of Japan, she may face a fine of up to 300,000 yen ($1,905).

Reacting to her choice of outfits, as per Mirror, one user wrote, "'As a Japanese national I am disgusted. This is bad behaviour. I don't understand the need to blatantly expose yourself like this. It is unacceptable."

<a href="https://www.wionews.com/entertainment/blake-lively-message-to-it-ends-with-us-book-fans-we-did-our-best-to-honour-the-book-731921">Blake Lively message to It Ends With Us book fans: 'We did our best to honour the book'</a>

Another wrote, "Absolutely no need and should be charged with indecency. An insult to the Japanese culture."

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Breaking: Billionaire Kanye West wears personalised ‘Ye’ robe and takes a nap as he and his wife Bianca Censori take an economy flight to Japan <a href="https://t.co/2CfE3vK9vQ">https://t.co/2CfE3vK9vQ</a> <a href="https://twitter.com/hashtag/Bianca?src=hash&amp;ref_src=twsrc%5Etfw">#Bianca</a> <a href="https://twitter.com/hashtag/BiancaCensori?src=hash&amp;ref_src=twsrc%5Etfw">#BiancaCensori</a> <a href="https://twitter.com/hashtag/billionaire?src=hash&amp;ref_src=twsrc%5Etfw">#billionaire</a> <a href="https://t.co/BjbtWVo1Pq">pic.twitter.com/BjbtWVo1Pq</a>
— WhatsNew2Day (@whatsn2day) <a href="https://twitter.com/whatsn2day/status/1801224069872037993?ref_src=twsrc%5Etfw">June 13, 2024</a></blockquote>
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Before their awkward fashion outing in Tokyo, the couple were spotted flying in the economy class earlier this week. Both of them were wearing bizarre outfits.&nbsp;

The clip showed the couple sitting in economy class. The Melbourne-born Censori was wearing a breezy sheer bodysuit, that covered her from neck to toe, while Kanye wore a white robe.

Since Censori's marriage to Ye, she has often dominated the headlines with her eccentric looks.&nbsp;

Meanwhile Ye, earlier known as Kanye West, has been sued by a former assistant of sexual harassment, wrongful termination and breach of contract.

Bianca Censori and her 'naked fashion' continue to dominate the headlines. From Los Angeles to Paris, Bianca has turned heads with her bold fashion statements, and now she has taken it to Tokyo, the capital city of Japan.

Bianca Censori and her 'naked fashion' continue to dominate the headlines. From Los Angeles to Paris, Bianca has turned heads with her bold fashion statements, and now she has taken it to Tokyo, the capital city of Japan. After travelling to Japan in an economy section of the flight, Censori and husband Ye the rapper went on a shopping spree in Tokyo. For her day out in Japan, Censori and Ye walked holding hands. However, what made everyone's jaw drop was her choice of outfit. A new addition to her list of wackiest and craziest looks, Censori, 29, showed up wearing a G-string bodysuit, ditching her pants. She walked around Ginza Six, Tokyo with her husband, carefree as she flaunted her bare butts in the rubber Yeezy sleeper. Jennifer Garner’s beau John Miller feels it's ‘not her job to fix’ ex-Ben Affleck's marriage She received a major backlash from the Japanese public who found the outfit objectionable and called for a penalty for "public indecency". According to The Penal Code of Japan, she may face a fine of up to 300,000 yen ($1,905). Reacting to her choice of outfits, as per Mirror, one user wrote, "'As a Japanese national I am disgusted. This is bad behaviour. I don't understand the need to blatantly expose yourself like this. It is unacceptable." Blake Lively message to It Ends With Us book fans: 'We did our best to honour the book' Another wrote, "Absolutely no need and should be charged with indecency. An insult to the Japanese culture." Breaking: Billionaire Kanye West wears personalised ‘Ye’ robe and takes a nap as he and his wife Bianca Censori take an economy flight to Japan https://t.co/2CfE3vK9vQ #Bianca #BiancaCensori #billionaire pic.twitter.com/BjbtWVo1Pq — WhatsNew2Day (@whatsn2day) June 13, 2024 × Before their awkward fashion outing in Tokyo, the couple were spotted flying in the economy class earlier this week. Both of them were wearing bizarre outfits. The clip showed the couple sitting in economy class. The Melbourne-born Censori was wearing a breezy sheer bodysuit, that covered her from neck to toe, while Kanye wore a white robe. Since Censori's marriage to Ye, she has often dominated the headlines with her eccentric looks. Meanwhile Ye, earlier known as Kanye West, has been sued by a former assistant of sexual harassment, wrongful termination and breach of contract.

Bianca Censori's 'butt bearing' outfit triggers backlash, netizens call it 'insult of Japanese culture'

Let's shift our attention to how markets opened this morning. Asian stocks fell, weighed down by japanese and chinese shares. Meanwhile, the Yen weakened as markets awaited the outcome of the bank of Japan's two-day policy meeting.

Investors shrugg off wall street's bullish sentiment

Take a look at all the news from the world of technology.

Social media platform X makes likes private to enhance user privacy

A speculative new paper suggests that advanced "cryptoterrestrials"&nbsp;could be living secretly on Earth or in its near environs, like the moon.

This study, which is yet to be peer-reviewed, is the work of researchers at the Harvard Human Flourishing Program and Montana Technological University.

<h2>What are Cryptoterrestrials?</h2>

The paper introduces the term "cryptoterrestrials" to refer to an ancient human culture—more technologically advanced than our own—that survived the cataclysms and has lived since in hiding.&nbsp;

It suggests&nbsp;the existence of a&nbsp;bizarre group of "intelligent beings concealed in stealth here on Earth (e.g., underground), and/or its near environs (e.g., the moon)."&nbsp;

The study has been accepted for publication in Philosophy and Cosmology.

Also read |&nbsp;<a href="https://www.wionews.com/science/earths-upper-atmosphere-might-have-answers-to-the-mystery-of-dark-matter-new-study-suggests-730404">Dark matter might not remain a mystery for long as scientists come up with novel idea</a>

The authors suggest that these hidden Earth-dwellers may actually be responsible for all the unidentified aerial phenomena (UAP) typically attributed to extraterrestrial beings, aka aliens.

<h2>Human cryptoterrestrials</h2>

They suggest that one potential category of these beings are "human cryptoterrestrials," which are a "technologically advanced ancient human civilisation that was largely destroyed long ago (e.g., by flood), but continued to exist in remnant form."

Possible habitation sites, as per the paper, may be hidden within the Earth in places like volcanoes or deep oceanic trenches.&nbsp;

Astonishingly, this is nothing new. In 1993, Dr. Shirley Wright, known for having been personal assistant to Albert Einstein, claimed that the pilots aboard the now topical Roswell UFO crash incident of 1947 were "advanced human" beings living inside&nbsp;Earth.

Also read |&nbsp;<a href="https://www.wionews.com/science/scientists-for-first-time-spot-alien-type-creatures-living-in-darkest-depths-of-our-ocean-729947">Scientists for first time spot alien-type creatures living in darkest depths of our ocean</a>

The work also considers alternative crypto terrestrial possibilities, including highly advanced non-human primates or reptilian entities that are believed to hide their aerial craft within mountains.&nbsp;

Locations such as Popocatépetl volcano, Mexico, and Mount Shasta in California, long associated with UFO sightings, were proposed as potential residences for these clandestine creatures.&nbsp;

Unidentified Submersible Objects (USOs) operating at supersonic speeds have also encouraged speculation on these cryptoterrestrial beings living under&nbsp;water.

The paper even goes so far as to quote some contentious statements from Harvard astrophysicist Avi Loeb that the Moon might even be a base for extraterrestrials.

(With inputs from agencies)

A speculative new paper suggests that advanced "cryptoterrestrials" could be living secretly on Earth or in its near environs, like the moon. This study, which is yet to be peer-reviewed, is the work of researchers at the Harvard Human Flourishing Program and Montana Technological University.

A speculative new paper suggests that advanced "cryptoterrestrials" could be living secretly on Earth or in its near environs, like the moon. This study, which is yet to be peer-reviewed, is the work of researchers at the Harvard Human Flourishing Program and Montana Technological University. What are Cryptoterrestrials? The paper introduces the term "cryptoterrestrials" to refer to an ancient human culture—more technologically advanced than our own—that survived the cataclysms and has lived since in hiding. It suggests the existence of a bizarre group of "intelligent beings concealed in stealth here on Earth (e.g., underground), and/or its near environs (e.g., the moon)." The study has been accepted for publication in Philosophy and Cosmology. Also read | Dark matter might not remain a mystery for long as scientists come up with novel idea The authors suggest that these hidden Earth-dwellers may actually be responsible for all the unidentified aerial phenomena (UAP) typically attributed to extraterrestrial beings, aka aliens. Human cryptoterrestrials They suggest that one potential category of these beings are "human cryptoterrestrials," which are a "technologically advanced ancient human civilisation that was largely destroyed long ago (e.g., by flood), but continued to exist in remnant form." Possible habitation sites, as per the paper, may be hidden within the Earth in places like volcanoes or deep oceanic trenches. Astonishingly, this is nothing new. In 1993, Dr. Shirley Wright, known for having been personal assistant to Albert Einstein, claimed that the pilots aboard the now topical Roswell UFO crash incident of 1947 were "advanced human" beings living inside Earth. Also read | Scientists for first time spot alien-type creatures living in darkest depths of our ocean The work also considers alternative crypto terrestrial possibilities, including highly advanced non-human primates or reptilian entities that are believed to hide their aerial craft within mountains. Locations such as Popocatépetl volcano, Mexico, and Mount Shasta in California, long associated with UFO sightings, were proposed as potential residences for these clandestine creatures. Unidentified Submersible Objects (USOs) operating at supersonic speeds have also encouraged speculation on these cryptoterrestrial beings living under water. The paper even goes so far as to quote some contentious statements from Harvard astrophysicist Avi Loeb that the Moon might even be a base for extraterrestrials. (With inputs from agencies)

'Cryptoterrestrials' living among us? Harvard researchers suggest ancient races are hiding in volcanoes

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