SoftBank shares plunged nearly 12% in Tokyo on Monday, as investors reacted to an unexpected new risk for one of the company's biggest bets: a possible slowdown in the race to build increasingly powerful AI.&nbsp;The Japanese technology giant has committed $64.6 billion to OpenAI, giving it an expected stake of about 13%. Now, OpenAI CEO Sam Altman has backed calls to slow the pace of frontier AI development and said OpenAI will not go public in 2026. That combination has made SoftBank one of the clearest stock-market proxies for investor confidence in the continued rapid expansion of OpenAI and the wider AI industry.<h2>SoftBank shares fall sharply in Tokyo</h2>SoftBank did not trade for the first 19 minutes of Monday's session as heavy selling pressure built up.&nbsp;When trading began, the shares opened at 5,926 yen, down 9.4% from Friday's close of 6,540 yen. They later fell as low as 5,720 yen before trading around 5,781 yen, down 11.6%. The fall was much steeper than declines in major Asian AI-related stocks. TSMC was down about 1%, while SK hynix fell around 6%. That gap matters. It suggests investors were not simply selling semiconductor stocks. They were also reassessing companies whose valuations depend heavily on the continued acceleration of frontier AI.<h2>Why OpenAI matters so much to SoftBank</h2>SoftBank announced in February that it would invest another $30 billion in OpenAI, taking its cumulative investment to $64.6 billion and its expected ownership to around 13%. The new investment was agreed at a $730 billion pre-money valuation.The remaining investment is structured in three $10 billion tranches. SoftBank completed the first tranche in April, with the second scheduled for July and the third for October. The shares SoftBank receives are preferred shares that are designed to convert into common stock if OpenAI conducts an IPO or related listing. That makes Altman's latest IPO comments particularly important.<h2>No OpenAI IPO this year</h2>Altman said an OpenAI listing in 2026 would be “ill-advised” given the current focus on AI safety. He also backed Anthropic CEO Dario Amodei's call to “pace the frontier” of AI development. Amodei has proposed independent safety evaluators with ongoing access to frontier AI companies, along with greater coordination between governments and AI developers. Altman said OpenAI would adopt the independent-evaluator approach.<h2>For SoftBank, the issue is therefore bigger than one bad trading session</h2>The company is making an enormous investment in a private AI company while the industry's leaders are openly debating whether the technology should move more slowly. SoftBank's October payment to OpenAI is also approaching, with another $10 billion scheduled under the investment agreement. The market's message on Monday was simple: if the AI race slows, companies most exposed to its rapid expansion may have the most to lose.

SoftBank shares plunged nearly 12% in Tokyo as investors reacted to calls to slow frontier AI development. The fall puts fresh focus on SoftBank’s $64.6 billion OpenAI investment, delayed IPO prospects and another $10 billion payment due in October.

SoftBank shares plunged nearly 12% in Tokyo on Monday, as investors reacted to an unexpected new risk for one of the company's biggest bets: a possible slowdown in the race to build increasingly powerful AI. The Japanese technology giant has committed $64.6 billion to OpenAI, giving it an expected stake of about 13%. Now, OpenAI CEO Sam Altman has backed calls to slow the pace of frontier AI development and said OpenAI will not go public in 2026. That combination has made SoftBank one of the clearest stock-market proxies for investor confidence in the continued rapid expansion of OpenAI and the wider AI industry. SoftBank shares fall sharply in Tokyo SoftBank did not trade for the first 19 minutes of Monday's session as heavy selling pressure built up. When trading began, the shares opened at 5,926 yen, down 9.4% from Friday's close of 6,540 yen. They later fell as low as 5,720 yen before trading around 5,781 yen, down 11.6%. The fall was much steeper than declines in major Asian AI-related stocks. TSMC was down about 1%, while SK hynix fell around 6%. That gap matters. It suggests investors were not simply selling semiconductor stocks. They were also reassessing companies whose valuations depend heavily on the continued acceleration of frontier AI. Why OpenAI matters so much to SoftBank SoftBank announced in February that it would invest another $30 billion in OpenAI, taking its cumulative investment to $64.6 billion and its expected ownership to around 13%. The new investment was agreed at a $730 billion pre-money valuation. The remaining investment is structured in three $10 billion tranches. SoftBank completed the first tranche in April, with the second scheduled for July and the third for October. The shares SoftBank receives are preferred shares that are designed to convert into common stock if OpenAI conducts an IPO or related listing. That makes Altman's latest IPO comments particularly important. No OpenAI IPO this year Altman said an OpenAI listing in 2026 would be “ill-advised” given the current focus on AI safety. He also backed Anthropic CEO Dario Amodei's call to “pace the frontier” of AI development. Amodei has proposed independent safety evaluators with ongoing access to frontier AI companies, along with greater coordination between governments and AI developers. Altman said OpenAI would adopt the independent-evaluator approach. For SoftBank, the issue is therefore bigger than one bad trading session The company is making an enormous investment in a private AI company while the industry's leaders are openly debating whether the technology should move more slowly. SoftBank's October payment to OpenAI is also approaching, with another $10 billion scheduled under the investment agreement. The market's message on Monday was simple: if the AI race slows, companies most exposed to its rapid expansion may have the most to lose.

SoftBank shares plunged nearly 12% in Tokyo as investors reacted to calls to slow frontier AI development. The fall puts fresh focus on SoftBank’s $64.6 billion OpenAI investment, delayed IPO prospects and another $10 billion payment due in October.

SoftBank shares plunge nearly 12% as AI slowdown fears hit its $64.6 billion OpenAI bet

Japan is accelerating plans for a backup capital as concerns grow over the risks of concentrating political and economic functions in Tokyo. Osaka is emerging as the frontrunner, with its government pushing to make the city a secondary capital capable of supporting national functions if Tokyo is crippled by a major disaster. Japan's government has warned that a Tokyo-area earthquake could cause devastating human and economic losses. The debate is also aimed at reducing Tokyo-centric concentration and strengthening national resilience.


Why Japan wants Osaka as a backup capital to Tokyo 

As Tokyo battles a brutal heatwave with temperatures soaring past 35°C, the city government has made a first-ever move — officially allowing male employees to wear shorts to work. It's all part of Governor Yuriko Koike's expanded "Tokyo Cool Biz" campaign, aimed at keeping workers cool while cutting down on air-conditioning use. But not everyone's thrilled. Some women employees have pushed back, jokingly (and not-so-jokingly) calling it "leg hair harassment."


Tokyo allows men to wear shorts to work amid heatwave

Japan's push for cooler workplaces has sparked debate after Tokyo encouraged male office workers to wear shorts during summer under its expanded "Tokyo Cool Biz" campaign. While many welcome the comfort, critics argue the policy exposes a gender double standard, with some women raising concerns over workplace expectations and even coining the term "sunehara" or "leg hair harassment."

Japan: Experts urge heat safety as Japan faces scorching summer

Japan was once known for its relentless ‘corporate warrior’ culture, where long hours, strict bosses and unwavering loyalty defined the workplace. But now, a Tokyo company is reviving elements of that old-school work ethic, and surprisingly, it's attracting young Gen Z employees who believe tougher workplaces help them grow. The trend is reigniting a debate over productivity, workplace culture and whether Japan's next generation is ready to embrace discipline over comfort.


Tokyo startup's high-intensity office culture goes viral 

Japan's parliament has approved a historic revision to the Imperial House Law, reaffirming that only male heirs from the paternal bloodline can inherit the Chrysanthemum Throne. The legislation also allows princesses to retain royal status after marrying commoners and permits the adoption of distant male relatives to help preserve the shrinking imperial family.

Japan: New succession law seeks to preserve Japan's imperial bloodline

A New York Times investigation has alleged that Russia has turned Japan into a key hub for espionage, covert procurement, and the sourcing of critical technology used in the Russia-Ukraine war. The report claims Russian intelligence officers operating under diplomatic and commercial cover have exploited Japan's relatively weak espionage laws to acquire sensitive components. Japan has acknowledged the need to strengthen its intelligence and counter-espionage capabilities, with Parliament approving a new national intelligence coordination body. The report also alleges that procurement networks routed military-use technology through intermediary countries to bypass export controls.

Japan tightens intelligence network after the NYT exposes alleged Russian spy operations

Japanese Prime Minister Sanae Takaichi concluded her visit to India, reaffirming Tokyo's commitment to the strategic partnership envisioned by Shinzo Abe, former Japanese PM. From economic security to infrastructure and shared democratic values, here's how India and Japan continue to shape Asia's future together.

India-Japan summit: How India, Japan may shape Asia's century 

A security scare unfolded at a shopping mall in Tokyo, Japan, after a man reportedly sprayed a mysterious substance inside the premises. The incident triggered panic among visitors and prompted a swift response from mall security and local authorities.

Investigations are underway to determine the nature of the substance and the motive behind the act, as officials continue to assess the situation and ensure public safety.

Bizarre Attack in Japan: A Dangerous Substance Sprayed in Tokyo's Mall Causes Chaos

Tokyo-based Calbee which makes potato chips announced that 14 of its products will have a black-and-white packaging from May 25 onwards. This is owing to the shortage of 'Naphtha', a key ingredient in ink. This is seen as a fallout of the ongoing West Asia crisis.


Japan's Famous Snack Bags Lose Their Colour Due to War-Induced Ink Shortage

Rashmika Mandanna is set to make another major international appearance as she heads to Tokyo to present at the 10th Crunchyroll Anime Awards 2026. The ‘Animal’ star’s participation highlights her growing global popularity and the increasing crossover between Indian cinema and international entertainment platforms. Fans across India and Japan are already celebrating the announcement, with social media buzzing over Rashmika’s return to one of the biggest anime events in the world.


Rashmika Mandanna Heads To Tokyo As Presenter At Anime Awards 2026 

Japanese authorities have arrested alleged sex racket leader Hiroaki Obata following a violent brawl in Tokyo. The incident reportedly exposed links to one of the country’s largest illegal prostitution networks, prompting a wider police crackdown. Investigators are now examining the scale of the racket and possible connections, as the arrest marks a major development in Japan’s ongoing efforts to curb organised crime.


Japan: A Tokyo Brawl Led to the Arrest of Japan's Biggest Sex Racket Leader, Hiroaki Obata 

#Gravitas Japan has seized a Chinese vessel and arrested its captain, after he allegedly ignored repeated calls by Tokyo to stop and tried to flee. This is the first time since 2022 that Japan has seized a Chinese fishing vessel. And it comes at a moment when relations between the two Asian powers are already on edge.


Japan Seizes Chinese Vessel Amid Heightened Tensions With Beijing

China's Ministry of Commerce announced on January 6, 2026, an immediate ban on exporting all dual-use items-goods with civilian and military applications- to Japanese military end-users or any purposes enhancing Japan's capabilities, prompted by Prime Minister Sanae Takaichi's remarks hinting at Taiwan intervention, which Beijing deems a violation of the one-China principle.


Japan-China tensions: Tokyo calls ban unacceptable & demands immediate withdrawal

In a striking example of how technology is reshaping intimacy, a 32-year-old Japanese woman has held a wedding ceremony with her AI-generated partner. Yurina Noguchi married “Klaus”, a virtual persona she created using ChatGPT, during a traditional-style ceremony in western Japan. The groom appeared on a smartphone screen, with vows generated by AI and read aloud by a wedding planner, while augmented reality glasses were used to stage the ritual and photographs. The marriage has no legal standing, but Noguchi says the emotional bond feels real and more peaceful than past human relationships. Experts say the case reflects Japan’s growing emotional attachment to digital companions, raising ethical questions about loneliness, dependency and the future of human relationships in an AI-driven world. 


Japan Woman Marries AI ChatGPT Partner After Breaking Engagement With Fiance

Police in Thailand say they believe a woman who allegedly trafficked her 12-year-old daughter in Tokyo will be sent to Japan from Taiwan in one or two months for an investigation.


Thai Woman Trafficks 12-year-old Daughter in Tokyo; Japan's Criminal Nexus Back Under Spotlight 

Two airport staff members were killed early Monday (Oct 20) when an Emirates Boeing 747 cargo plane skidded off the runway at Hong Kong International Airport and plunged into the sea, police said. The incident occurred around 4 am local time, shortly after the aircraft arrived from Dubai. Hong Kong police said the two victims were not on board the plane, but were inside a petrol car that went off the runway at the same time. One was pronounced dead at the scene, while the other died later in the hospital.Also read | <a href="https://www.wionews.com/world/trump-insists-gaza-ceasefire-still-in-place-despite-fresh-israeli-strikes-blames-rebels-within-for-violations-1760923155703">Trump insists Gaza ceasefire still in place despite fresh Israeli strikes, blames 'rebels within' for violations</a><h2>What happened?</h2>According to ABC News, police said they believe the aircraft may have struck the ground vehicle as it slid off the runway. Four crew members aboard the cargo plane were rescued and taken to the hospital with minor injuries.Airport Authority Hong Kong said rescue operations were launched immediately, with emergency services and divers deployed to the site. The airport’s Emergency Centre was activated, and the north runway has been closed until further notice. According to flight-tracking site FlightRadar24, the Emirates 747 was travelling at roughly 49 knots when it left the runway and hit the water.Also read | <a href="https://www.wionews.com/trending/-king-trump-trump-shares-ai-generated-video-mocking-protestors-amid-no-kings-protests-1760852945951">‘King Trump’: Trump shares AI-generated video mocking protestors amid ‘No Kings’ protests</a>Video clips and photos circulating online showed part of the aircraft submerged in water near the end of the runway. Watch here:

<blockquote class="twitter-tweet" data-media-max-width="560">Two ground crew dead at HKIA as an Emirates registered 747 leaves runway and skids into the sea.<a href="https://t.co/35eveK3nlf">https://t.co/35eveK3nlf</a> <a href="https://t.co/GNIZOY08Wm">https://t.co/GNIZOY08Wm</a> <a href="https://t.co/rdiYKkd1aZ">pic.twitter.com/rdiYKkd1aZ</a>&mdash; Aaron Busch (@tripperhead) <a href="https://twitter.com/tripperhead/status/1980070233236033843?ref_src=twsrc%5Etfw">October 20, 2025</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

In a statement, Hong Kong's Civil Aviation Department said that the plane “deviated from the North Runway after landing and ditched into the sea”. It added, "Preliminary information indicates that the four crew members on board were rescued and sent to the hospital, while two ground staff were affected and fell into the sea".&nbsp;In a statement, a spokesperson for the Transport and Logistics Bureau, expressing deep concern, said that the Air Accident Investigation Authority will "actively investigate the cause of the accident".&nbsp; &nbsp;&nbsp;

Two people were killed after an Emirates Boeing 747 cargo plane skidded off the runway at Hong Kong Airport and plunged into the sea. Here's all you need to know.

Two airport staff members were killed early Monday (Oct 20) when an Emirates Boeing 747 cargo plane skidded off the runway at Hong Kong International Airport and plunged into the sea, police said. The incident occurred around 4 am local time, shortly after the aircraft arrived from Dubai. Hong Kong police said the two victims were not on board the plane, but were inside a petrol car that went off the runway at the same time. One was pronounced dead at the scene, while the other died later in the hospital. Also read | Trump insists Gaza ceasefire still in place despite fresh Israeli strikes, blames 'rebels within' for violations What happened? According to ABC News, police said they believe the aircraft may have struck the ground vehicle as it slid off the runway. Four crew members aboard the cargo plane were rescued and taken to the hospital with minor injuries. Airport Authority Hong Kong said rescue operations were launched immediately, with emergency services and divers deployed to the site. The airport’s Emergency Centre was activated, and the north runway has been closed until further notice. According to flight-tracking site FlightRadar24, the Emirates 747 was travelling at roughly 49 knots when it left the runway and hit the water. Also read | ‘King Trump’: Trump shares AI-generated video mocking protestors amid ‘No Kings’ protests Video clips and photos circulating online showed part of the aircraft submerged in water near the end of the runway. Watch here:

Two people were killed after an Emirates Boeing 747 cargo plane skidded off the runway at Hong Kong Airport and plunged into the sea. Here's all you need to know.

Horror at Hong Kong airport: Two killed after cargo plane skids off runway, crashes into sea

Tokyo, New York City, Bengaluru and many more, the tech cities are molding the future of technology and teaching the people how the world works in the various regions. Let's learn more about the innovation and global tech of the cities that have created their name worldwide.

Tokyo, New York City, Bengaluru and many more, the tech cities are molding the future of technology and teaching the people how the world works in the various regions. Let's learn more about the innovation and global tech of the cities that have created their name worldwide.

Top tech cities in the World: Tokyo, New York City, Bengaluru and many more

Kenya's track and field team returned home to a hero's welcome in Nairobi after finishing second behind the United States at the 2025 World Athletics Championships in Tokyo. The team won seven gold medals.


Kenyan athletes return from Tokyo after seven golds 

Japan PM Resigns: Japan PM Shigeru Ishiba Steps Down to Prevent A Split Within Ruling Party

Shigeru Ishiba’s resignation leaves Japan facing a political void and uncertainty over its next leadership.


Japan PM Resigns: Japan PM Shigeru Ishiba Steps Down to Prevent A Split Within Ruling Party

The Tokyo Toy Show 2025 is here — and it's bigger, smarter, and more nostalgic than ever. Held at Tokyo Big Sight, the event showcases a booming ¥1-trillion toy industry led by Tamagotchi Paradise, SHARP’s AI meerkat robot Poketomo, and a new wave of "kidult" innovations. With toys blending tech, nostalgia, and character branding, Japan is redefining play for kids and grown-ups alike.

Tokyo toy show 2025 unveils AI toys, Tamagotchi paradise & ¥1 Trillion market

Prime Minister Modi expressed gratitude for the warmth of the Indian community in Tokyo and highlighted their role in strengthening cultural ties. He is set to meet business leaders to boost India-Japan trade and investment.

Pm Modi receives warm welcome in Tokyo ahead of SCO summit | India-Japan summit 

Tokyo is in the grip of a historic heatwave, with temperatures soaring to 35°C or higher for 10 consecutive days — a first since record-keeping began in 1875. The intense heat is straining healthcare systems, disrupting daily life, and raising concerns about climate resilience in one of the world’s most densely populated cities.

Authorities are urging residents to take precautions as Japan faces one of its most extreme summers on record.

Thousands hospitalized in Tokyo heat 

India's 19-member team will be led by reigning world champion Neeraj Chopra at the upcoming 2025 World Athletics Championships, which will take place in Tokyo, set to take place from September 13 to 21. A key highlight of the team is Animesh Kujur, who has made history by becoming the first male sprinter from India to qualify for the World Athletics Championships. Neeraj Chopra, who is the defending champion in men's javelin throw, has qualified through a wild card entry. He will compete alongside Sachin Yadav and Yashvir Singh in the same event, both of whom earned their spots based on world rankings.&nbsp;Also Read: <a href="https://www.wionews.com/sports/sleeping-giant-in-coma-again-fifa-warns-india-of-fresh-ban-1756307692265">Sleeping giant in coma again? FIFA warns India of fresh ban</a>&nbsp;Other athletes from India who have qualified by meeting entry standards include Avinash Sable (3000m steeplechase), Parul Chaudhary (3000m steeplechase), Gulveer Singh (5000m), and Praveen Chithravel (triple jump). Unfortunately, Sable will not compete due to an injury that ended his season prematurely. Although long jumper Murali Sreeshankar's 8.06m leap earned him gold in his latest competition, he fell short of the required 8.27m mark for qualification. Women's javelin thrower Annu Rani also cut through world rankings with a series of consistent 60m-plus throws this season.&nbsp;Also Read: <a href="https://www.wionews.com/sports/bwf-world-championships-dhruv-tanisha-begin-campaign-with-win-over-irish-duo-1756311642495">BWF World Championships: Dhruv-Tanisha begin campaign with win over Irish duo.</a>&nbsp;The standout story is Animesh Kujur, who holds the national record in both the 100m and 200m. He will compete in the 200m, making it the first time India has fielded an athlete in this event at the global level. Nandini Agasara, the Asian champion in the heptathlon, had secured her place but will miss the Championships due to an elbow injury.<h2>Here’s a look at the 19 athletes representing India at the World Athletics Championships 2025</h2>Wildcard Entry:<ul><li>Neeraj Chopra (Men's Javelin Throw - Defending Champion)</li></ul>Entry Standard Qualifiers:<ul><li>Praveen Chithravel (Men's Triple Jump)</li><li>Gulveer Singh (Men's 5000m)</li><li>Avinash Sable (Men's 3000m Steeplechase)</li><li>Parul Chaudhary (Women's 3000m Steeplechase)</li></ul>World Ranking Qualifiers:<ul><li>Animesh Kujur (Men's 200m)</li><li>Annu Rani (Women's Javelin Throw)</li><li>Sachin Yadav (Men's Javelin Throw)</li><li>Yashvir Singh (Men's Javelin Throw)</li><li>Ankita Dhyani (Women's 3000m Steeplechase)</li><li>Murali Sreeshankar (Men's Long Jump)</li><li>Abdulla Aboobacker (Men's Triple Jump)</li><li>Sarvesh Kushare (Men's High Jump)</li><li>Nandini Agasara (Heptathlon)</li><li>Pooja (Women's 1500m)</li><li>Servin Sebastian (Men's 20km Race Walk)</li><li>Akshdeep Singh (Men's 20km Race Walk)</li><li>Ram Baboo (Men's 35km Race Walk)</li><li>Priyanka Goswami (Women's 35km Race Walk)</li></ul>

World Athletics Championships 2025 Neeraj Chopra to lead Indias 19 member contingent

India's 19-member team will be led by reigning world champion Neeraj Chopra at the upcoming 2025 World Athletics Championships, which will take place in Tokyo, set to take place from September 13 to 21. A key highlight of the team is Animesh Kujur, who has made history by becoming the first male sprinter from India to qualify for the World Athletics Championships. Neeraj Chopra, who is the defending champion in men's javelin throw, has qualified through a wild card entry. He will compete alongside Sachin Yadav and Yashvir Singh in the same event, both of whom earned their spots based on world rankings. Also Read: Sleeping giant in coma again? FIFA warns India of fresh ban Other athletes from India who have qualified by meeting entry standards include Avinash Sable (3000m steeplechase), Parul Chaudhary (3000m steeplechase), Gulveer Singh (5000m), and Praveen Chithravel (triple jump). Unfortunately, Sable will not compete due to an injury that ended his season prematurely. Although long jumper Murali Sreeshankar's 8.06m leap earned him gold in his latest competition, he fell short of the required 8.27m mark for qualification. Women's javelin thrower Annu Rani also cut through world rankings with a series of consistent 60m-plus throws this season. Also Read: BWF World Championships: Dhruv-Tanisha begin campaign with win over Irish duo. The standout story is Animesh Kujur, who holds the national record in both the 100m and 200m. He will compete in the 200m, making it the first time India has fielded an athlete in this event at the global level. Nandini Agasara, the Asian champion in the heptathlon, had secured her place but will miss the Championships due to an elbow injury. Here’s a look at the 19 athletes representing India at the World Athletics Championships 2025 Wildcard Entry: Neeraj Chopra (Men's Javelin Throw - Defending Champion) Entry Standard Qualifiers: Praveen Chithravel (Men's Triple Jump) Gulveer Singh (Men's 5000m) Avinash Sable (Men's 3000m Steeplechase) Parul Chaudhary (Women's 3000m Steeplechase) World Ranking Qualifiers: Animesh Kujur (Men's 200m) Annu Rani (Women's Javelin Throw) Sachin Yadav (Men's Javelin Throw) Yashvir Singh (Men's Javelin Throw) Ankita Dhyani (Women's 3000m Steeplechase) Murali Sreeshankar (Men's Long Jump) Abdulla Aboobacker (Men's Triple Jump) Sarvesh Kushare (Men's High Jump) Nandini Agasara (Heptathlon) Pooja (Women's 1500m) Servin Sebastian (Men's 20km Race Walk) Akshdeep Singh (Men's 20km Race Walk) Ram Baboo (Men's 35km Race Walk) Priyanka Goswami (Women's 35km Race Walk)

The World Athletics Championships 2025 will be held in Tokyo, Japan. The biennial athletics competition will be held from 13-21 September

World Athletics Championships 2025: Neeraj Chopra to lead India's 19-member contingent

Two boxers in Japan have died from brain injuries they incurred in separate bouts during the same event in Tokyo, officials said. Super featherweight Shigetoshi Kotari and lightweight Hiromasa Urakawa, both 28, fought on the same card in Tokyo's Korakuen Hall on August 2. Both were later rushed to hospital where they had brain surgery.&nbsp;Kotari, who battled to a draw after 12 rounds against fellow Japanese fighter Yamato Hata lost consciousness soon after and "passed away at 10:59 pm on August 8," his M.T boxing gym said on its website Saturday.&nbsp;"He did his best to fight his way through the surgery and treatment he had been receiving at a Tokyo hospital due to acute subdural haematoma," the gym's post said.&nbsp;Also read | <a href="https://www.wionews.com/sports/neeraj-chopra-arshad-nadeem-s-clash-at-the-silesia-diamond-league-will-not-happen-1754803045299">Neeraj Chopra, Arshad Nadeem's clash at the Silesia Diamond League will not happen</a>&nbsp;Urakawa was stopped in the eighth and final round against Yoji Saito and "tragically succumbed to injuries sustained during his fight", the World Boxing Organization (WBO) said in an Instagram post on Sunday.&nbsp;Urakawa died on Saturday night, according to local media reports.&nbsp;"This heartbreaking news comes just days after the passing of Shigetoshi Kotari, who died from injuries suffered in his fight on the same card," the WBO said, adding it extends "our deepest condolences to the families, friends, and the Japanese boxing community."&nbsp;Tsuyoshi Yasukochi, secretary-general of the Japan Boxing Commission, told local media after their hospitalisation that it was likely "the first time in Japan two fighters underwent skull-opening surgery for injuries stemming from the same event".&nbsp;Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Super featherweight Shigetoshi Kotari and lightweight Hiromasa Urakawa, both 28, fought on the same card in Tokyo's Korakuen Hall on August 2.

Two boxers in Japan have died from brain injuries they incurred in separate bouts during the same event in Tokyo, officials said. Super featherweight Shigetoshi Kotari and lightweight Hiromasa Urakawa, both 28, fought on the same card in Tokyo's Korakuen Hall on August 2. Both were later rushed to hospital where they had brain surgery. Kotari, who battled to a draw after 12 rounds against fellow Japanese fighter Yamato Hata lost consciousness soon after and "passed away at 10:59 pm on August 8," his M.T boxing gym said on its website Saturday. "He did his best to fight his way through the surgery and treatment he had been receiving at a Tokyo hospital due to acute subdural haematoma," the gym's post said. Also read | Neeraj Chopra, Arshad Nadeem's clash at the Silesia Diamond League will not happen Urakawa was stopped in the eighth and final round against Yoji Saito and "tragically succumbed to injuries sustained during his fight", the World Boxing Organization (WBO) said in an Instagram post on Sunday. Urakawa died on Saturday night, according to local media reports. "This heartbreaking news comes just days after the passing of Shigetoshi Kotari, who died from injuries suffered in his fight on the same card," the WBO said, adding it extends "our deepest condolences to the families, friends, and the Japanese boxing community." Tsuyoshi Yasukochi, secretary-general of the Japan Boxing Commission, told local media after their hospitalisation that it was likely "the first time in Japan two fighters underwent skull-opening surgery for injuries stemming from the same event". Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Super featherweight Shigetoshi Kotari and lightweight Hiromasa Urakawa, both 28, fought on the same card in Tokyo's Korakuen Hall on August 2.

SHOCKING! Two Japanese boxers die of brain injuries at same Tokyo event

Tom Cruise launched the global tour for Mission: Impossible – Dead Reckoning: Final Chapter in Tokyo, reflecting on the years of preparation and his dedication to performing daring stunts. Director Christopher McQuarrie praised Cruise’s commitment to delivering an epic finale.

Tom Cruise kicks off ‘Mission: Impossible – Final Reckoning’ tour in Tokyo

The tourists and Japanese locals marveled at Tokyo's cherry trees at the peak of the annual blossom season that traditionally represents fresh starts, but also life's fleeting impermanence. Crowds flock to the city's top locations to take photos and hold picnics under the elegant dark branches bursting with pink and white flowers, known as Sakura in Japanese.

Tokyo's cherry blossoms draw crowds at peak bloom

Japan celebrates the Setsubun Festival with a unique tradition of throwing beans to drive away evil spirits and bring in good fortune for the year ahead. The lively event is marked by vibrant rituals and cultural significance, offering a glimpse into Japanese customs and beliefs.

Japan’s Setsubun festival: A bean-throwing tradition to welcome fortune

Ever wondered where your old gadgets disappeared to? A museum in Tokyo is preserving these ‘extinct’ media devices, offering a nostalgic glimpse into the history of technology. Here is the full report.

Tokyo museum display 'extinct' gadgets

US President Joe Biden is poised to officially block Nippon Steel's proposed USD 14.9-billion purchase of US Steel, a person familiar with the matter said on Friday, dealing a probably fatal blow to the contentious merger plan.
The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach consensus.
His decision could come as soon as Friday, despite the concerns of some of his senior advisers that it could hurt ties with key Asian ally Tokyo, according to the Washington Post, which first reported the news.
The newspaper cited two administration officials who were not authorized to speak publicly about the matter.
Shares of US Steel were down 7.8 per cent in pre-market trade following the reports. Japan's stock market was closed on Friday for a public holiday.
Spokespersons for the White House and Nippon Steel declined to comment.
<a href="https://www.wionews.com/business-economy/us-steel-shares-plummet-amid-white-house-action-against-nippon-steel-takeover-756003" rel="dofollow">Also read: U.S. Steel shares plummet amid White House action against Nippon steel takeover</a>
US Steel directed Reuters to its Thursday statement that it hoped "Biden will do the right thing and adhere to the law by approving a transaction that so clearly enhances US national and economic security."
Nippon paid a hefty premium to clinch the purchase of the No.2 US steel producer in a December 2023 auction, but the deal faced opposition from the powerful United Steelworkers union (USW), as well as politicians.
Biden has previously said he wants US Steel to stay domestically owned and run, while President-elect Donald Trump has vowed to block a foreign takeover of the storied American firm after he takes office on January 20.
<h2>Risky business</h2>
In a November letter, Japanese Prime Minister Shigeru Ishiba urged Biden to approve the merger so as to avoid marring recent efforts to strengthen ties between the two countries, Reuters has exclusively reported.
A spokesperson for Ishiba could not be reached for comment on Friday and Japan's trade ministry declined to comment, saying there had been no formal announcement of a decision.
Japan is a key US ally in the Indo-Pacific, where China's economic and military rise has raised concerns in Washington, along with threats from North Korea.
<a href="https://www.wionews.com/business-economy/eu-approves-nippon-steels-149-bn-acquisition-of-us-steel-despite-opposition-718804" rel="dofollow">Also read: EU approves Nippon Steel&rsquo;s $14.9 bn acquisition of US Steel despite opposition</a>
It is also the top investor in the United States and Keidanren, its biggest business lobby, has previously aired concerns that the review was facing political pressure.
Blocking the deal may dissuade international investors from bidding for politically sensitive US companies with a unionized workforce in the short term, said Alistair Ramsey, vice president of steel research at consultancy Rystad Energy.
"Big bids are a risky idea less than 12 months from a presidential election, but big steel producers with traditional operating furnaces, such as Nippon Steel, see the U.S. as an excellent place to produce steel in the long term, despite the market depression there," he added.
Nippon has vowed to fight in the courts any decision to halt the deal, but lawyers including Nick Wall, M&amp;A partner at Allen &amp; Overy, have said mounting any such legal challenge against the US government would be tough.
The two companies had sought to assuage concerns over the merger. Nippon offered to move its US headquarters to Pittsburgh, where the US steelmaker is based and promised to honor all agreements in place between US Steel and USW.
This week, a source familiar with the matter said Nippon Steel had also proposed giving the US government veto power over any potential cuts to US Steel's production capacity, as part of its efforts to secure Biden's approval.
"It is difficult to fully understand the risks involved in Nippon Steel's potential acquisition of US Steel," said a Japanese government official, who spoke on condition of anonymity, as did the other sources.
"Nippon Steel has done everything to eliminate risks related to economic securities, including committing not to reduce production."
Nippon Steel faces a USD 565-million penalty payment to U.S. Steel following the deal's collapse, set to prompt a major rethink of its overseas-focused growth strategy.
With the acquisition of US Steel, Nippon Steel aimed to raise its global output capacity to 85 million metric tons a year from 65 million now, nearing its long-term goal of taking capacity to 100 million tons.
US Steel has previously said the deal's failure would put at risk thousands of jobs and it might be forced to close some steel mills, an assertion the USW union called baseless threats and intimidation.
But Atilla Widnell, managing director at Singapore-based trade consultancy Navigate Commodities, said any decision to block the deal was "misguided".
"Nippon Steel is a bona fide operator of overseas assets with a strong and successful track record," said Widnell.
"Even more so, US Steel has acknowledged its assets are in dire need of new large-scale investment and it will not be able to sustain its operational capacity and production in its current state."
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

World: His decision could come as soon as Friday, despite the concerns of some of his senior advisers that it could hurt ties with key Asian ally Tokyo.

US President Joe Biden is poised to officially block Nippon Steel's proposed USD 14.9-billion purchase of US Steel, a person familiar with the matter said on Friday, dealing a probably fatal blow to the contentious merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach consensus. His decision could come as soon as Friday, despite the concerns of some of his senior advisers that it could hurt ties with key Asian ally Tokyo, according to the Washington Post, which first reported the news. The newspaper cited two administration officials who were not authorized to speak publicly about the matter. Shares of US Steel were down 7.8 per cent in pre-market trade following the reports. Japan's stock market was closed on Friday for a public holiday. Spokespersons for the White House and Nippon Steel declined to comment. Also read: U.S. Steel shares plummet amid White House action against Nippon steel takeover US Steel directed Reuters to its Thursday statement that it hoped "Biden will do the right thing and adhere to the law by approving a transaction that so clearly enhances US national and economic security." Nippon paid a hefty premium to clinch the purchase of the No.2 US steel producer in a December 2023 auction, but the deal faced opposition from the powerful United Steelworkers union (USW), as well as politicians. Biden has previously said he wants US Steel to stay domestically owned and run, while President-elect Donald Trump has vowed to block a foreign takeover of the storied American firm after he takes office on January 20. Risky business In a November letter, Japanese Prime Minister Shigeru Ishiba urged Biden to approve the merger so as to avoid marring recent efforts to strengthen ties between the two countries, Reuters has exclusively reported. A spokesperson for Ishiba could not be reached for comment on Friday and Japan's trade ministry declined to comment, saying there had been no formal announcement of a decision. Japan is a key US ally in the Indo-Pacific, where China's economic and military rise has raised concerns in Washington, along with threats from North Korea. Also read: EU approves Nippon Steel’s $14.9 bn acquisition of US Steel despite opposition It is also the top investor in the United States and Keidanren, its biggest business lobby, has previously aired concerns that the review was facing political pressure. Blocking the deal may dissuade international investors from bidding for politically sensitive US companies with a unionized workforce in the short term, said Alistair Ramsey, vice president of steel research at consultancy Rystad Energy. "Big bids are a risky idea less than 12 months from a presidential election, but big steel producers with traditional operating furnaces, such as Nippon Steel, see the U.S. as an excellent place to produce steel in the long term, despite the market depression there," he added. Nippon has vowed to fight in the courts any decision to halt the deal, but lawyers including Nick Wall, M&A partner at Allen & Overy, have said mounting any such legal challenge against the US government would be tough. The two companies had sought to assuage concerns over the merger. Nippon offered to move its US headquarters to Pittsburgh, where the US steelmaker is based and promised to honor all agreements in place between US Steel and USW. This week, a source familiar with the matter said Nippon Steel had also proposed giving the US government veto power over any potential cuts to US Steel's production capacity, as part of its efforts to secure Biden's approval. "It is difficult to fully understand the risks involved in Nippon Steel's potential acquisition of US Steel," said a Japanese government official, who spoke on condition of anonymity, as did the other sources. "Nippon Steel has done everything to eliminate risks related to economic securities, including committing not to reduce production." Nippon Steel faces a USD 565-million penalty payment to U.S. Steel following the deal's collapse, set to prompt a major rethink of its overseas-focused growth strategy. With the acquisition of US Steel, Nippon Steel aimed to raise its global output capacity to 85 million metric tons a year from 65 million now, nearing its long-term goal of taking capacity to 100 million tons. US Steel has previously said the deal's failure would put at risk thousands of jobs and it might be forced to close some steel mills, an assertion the USW union called baseless threats and intimidation. But Atilla Widnell, managing director at Singapore-based trade consultancy Navigate Commodities, said any decision to block the deal was "misguided". "Nippon Steel is a bona fide operator of overseas assets with a strong and successful track record," said Widnell. "Even more so, US Steel has acknowledged its assets are in dire need of new large-scale investment and it will not be able to sustain its operational capacity and production in its current state." Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

US President Biden to block US Steel sale to Japan's Nippon Steel, says source

The Japanese government has approved a record defence budget this fiscal year amid increasing security threats.
The country&rsquo;s defence ministry said Japan was facing its "most severe and complex" security environment since World War II. Of the total $730 billion budget for the year starting April 2025, over $55 billion have been earmarked for defence spending. The increased budget conforms to Prime Minister Shigeru Ishiba&rsquo;s assertion that more spending on defence was necessary to deal with fresh challenges in the neighbourhood.
It must be noted that Japan is bound by its pacifist post-war constitution, which severely limits its ability to undertake major defence measures. However, Tokyo had updated its defence policy in 2022, in the backdrop of rising security threats from China. In that year, Japan vowed to double its defence spending to comply with the NATO standard of two per cent of GDP by the year 2027.
The government said Japan will use the increased defence funding to boost its Self-Defense Forces (SDF) and improve ties with allies such as the US. Japan is also mulling developing a system to track satellite data to be better prepared to monitor and tackle missile threats from North Korea.
Also read: <a href="https://www.wionews.com/world/japan-airlines-hit-by-cyberattack-flights-may-be-affected-8566978">Japan Airlines hit by cyberattack, flights may be affected</a>
"Strengthening our defence capabilities is something we're actively working on," Ishiba said at an event organised by the Yomiuri newspaper on Thursday.
"Now matter how great our military tanks or vehicles are, it's pointless if we don't have enough people to move them," said the prime minister, who has vowed to fix a shortage of new troops.
<h2>Focus on declining birth rate</h2>
The budget has also focused on resolving the other biggest crisis facing Japan today: The falling birth rate. Japan remains one of the world&rsquo;s oldest societies, with 29.3 per cent of population aged 65 or more. The government will now spend more on social welfare spending and economic planning.
(With inputs from agencies)

World | It must be noted that Japan is bound by its pacifist post-war constitution, which severely limits its ability to undertake major defence measures. However, Tokyo had updated its defence policy in 2022

The Japanese government has approved a record defence budget this fiscal year amid increasing security threats. The country’s defence ministry said Japan was facing its "most severe and complex" security environment since World War II. Of the total $730 billion budget for the year starting April 2025, over $55 billion have been earmarked for defence spending. The increased budget conforms to Prime Minister Shigeru Ishiba’s assertion that more spending on defence was necessary to deal with fresh challenges in the neighbourhood. It must be noted that Japan is bound by its pacifist post-war constitution, which severely limits its ability to undertake major defence measures. However, Tokyo had updated its defence policy in 2022, in the backdrop of rising security threats from China. In that year, Japan vowed to double its defence spending to comply with the NATO standard of two per cent of GDP by the year 2027. The government said Japan will use the increased defence funding to boost its Self-Defense Forces (SDF) and improve ties with allies such as the US. Japan is also mulling developing a system to track satellite data to be better prepared to monitor and tackle missile threats from North Korea. Also read: Japan Airlines hit by cyberattack, flights may be affected "Strengthening our defence capabilities is something we're actively working on," Ishiba said at an event organised by the Yomiuri newspaper on Thursday. "Now matter how great our military tanks or vehicles are, it's pointless if we don't have enough people to move them," said the prime minister, who has vowed to fix a shortage of new troops. Focus on declining birth rate The budget has also focused on resolving the other biggest crisis facing Japan today: The falling birth rate. Japan remains one of the world’s oldest societies, with 29.3 per cent of population aged 65 or more. The government will now spend more on social welfare spending and economic planning. (With inputs from agencies)

Japan approves $55bn mammoth defence budget as it gears up to take on China threat

tokyo

Tokyo, News on Tokyo, stories on Tokyo, articles on Tokyo, Tokyo stories at Wion, Tokyo news, Tokyo latest news