Tag: japan
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Japan plans sovereign AI model, 10 million AI robots
TOKYO: Japan plans to develop a homegrown artificial intelligence model and have 10 million AI-equipped robots operating in more than a dozen sectors by 2040, the government said.The country will reportedly invest around US$6 billion in the homemade AI model, which will be developed by Noetra, a consortium of
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Japan spent $74 billion propping up the yen. Investors say the real battle is with the Fed
Yen intervention alone is unlikely to reverse losses while wide U.S.-Japan rate differentials keep supporting the dollar, said analysts.
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Commentary: Football’s Asian century is still on hold
World Cup 2026 has shown that the future of football is not in Asia yet, says Gearoid Reidy for Bloomberg Opinion.
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Apollo’s Athene names ex-Goldman executive as Japan head to drive reinsurance push
TOKYO, July 1 : Athene, the insurance business of Apollo Global Management, has appointed Larik Hall as head of Japan, as the U.S. asset manager ramps up operations in the country, according to a company document reviewed by Reuters.Hall, previously a managing director at Goldman Sachs Ayco, will lead efforts
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Familiar failings leave Japan at World Cup crossroads
DALLAS, June 30 : Despite coach Hajime Moriyasu’s pre-tournament declarations that his team should challenge for the title, Japan will travel home from the World Cup having been knocked out in a fashion that has become all too familiar.The 2-1 loss to Brazil in Houston on Monday carried echoes of Japan’s elim
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Some rising market risks to watch out for in the second half
The rapid growth of leveraged ETFs has introduced a relatively new source of market risk that can mechanically amplify both rallies and selloffs.
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Rakuten satellite project to receive up to $912 million in Japan govt grant
TOKYO, June 30 : The Japanese government will grant up to 148 billion yen ($912 million) to Rakuten Group to help it build a satellite communications network, industry group Communications and Information Network Association of Japan said on Tuesday. Rakuten, an e-commerce, financial and telecommunications
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Analysis:Tokyo keeps powder dry as ‘line in the sand’ on yen shifts
TOKYO, June 30 : The yen’s break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate more yen weakness, with 165 increasingly viewed as the next line in the sand for official intervention.Unlike past rounds of dollar selling, analysts say
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Japan police investigate another suspected fatal bear attack
TOKYO: Japanese police are investigating another suspected fatal bear attack, a local official told AFP on Tuesday (Jun 30), as the number of such deaths remains unusually high.Bear attacks have been on the rise in Japan in recent years, something scientists attribute to a spike in the animals’ population and
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Japan says ready to act as yen hits 40-year low
TOKYO: Japan’s finance minister said on Tuesday (Jun 30) that authorities were ready to take “appropriate action” after the yen hit a 40-year low against the dollar.The currency has been sliding for years
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