logo
Honda conducts reusable rocket test

Honda conducts reusable rocket test

Qatar Tribune18-06-2025
Agencies
Honda succeeded in a launch and landing test of its prototype reusable rocket on Tuesday, the Japanese company said in a surprise announcement, marking a milestone towards its 2029 goal of achieving a suborbital spaceflight.
Honda R&D, the research arm of Japan's second-biggest carmaker, successfully landed its 6.3-meter experimental reusable launch vehicle after reaching an altitude of 271 meters at its test facility in northern Japan's space town Taiki, according to the company.
While 'no decisions have been made regarding commercialization of these rocket technologies, Honda will continue making progress in the fundamental research with a technology development goal of realizing technological capability to enable a suborbital launch by 2029,' it said in a statement.
Honda in 2021 said it was studying space technologies such as reusable rockets, but it has not previously announced the details of the launch test. A suborbital launch may touch the verge of outer space but does not enter orbit.
Studying launch vehicles 'has the potential to contribute more to people's daily lives by launching satellites with its own rockets, that could lead to various services that are also compatible with other Honda business,' the company added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Auto tariff impasse sends US prices up, demand down
Auto tariff impasse sends US prices up, demand down

Qatar Tribune

time2 days ago

  • Qatar Tribune

Auto tariff impasse sends US prices up, demand down

Agencies No deal before the initial July 9 deadline for U.S. 'reciprocal' tariffs is expected to pressure Toyota Motor Corp and other major carmakers to raise prices to offset higher import costs -- a strategy likely to dent demand and further squeeze profits. Japan-U.S. trade talks have made little headway, dashing Japanese carmakers' hopes for a deal to eliminate or lower an additional 25 percent auto tariff by the expiration of a pause on country-specific tariffs, now extended to Aug 1. Britain and Vietnam are the only countries to have reached a deal with the Trump administration. Japan had sought an agreement covering not just reciprocal tariffs but also auto duties and other trade issues as a package. A total tariff rate of 27.5 percent imposed on April 3 on cars shipped to the U.S. market is threatening to slow overall auto demand, with analysts noting that manufacturers offering attractive hybrid lineups may be better positioned to withstand the impact. 'Automakers, especially those with low sales volumes or in management crisis, will have no option but to raise vehicle prices,' said Hiroki Shibata, managing director at S&P Global Ratings. 'Now that the auto tariffs have been in place for three efforts to raise vehicle prices will be more apparent in the coming months through September,' he said. U.S. President Donald Trump said Monday that the United States will impose a 25 percent tariff on imports from Japan starting Aug 1, slightly higher than the previously set rate of 24 percent. The president said the latest tariff measure will not affect sector-specific tariffs that have already taken effect, such as those on vehicles, auto parts, steel and aluminum. 'It seems the United States has no intention to lower auto tariffs because if it did so, it would keep facing a dilemma of its trade deficit with Japan being left unresolved,' said Junichi Makino, chief economist at SMBC Nikko Securities, noting that autos account for about 70 percent of U.S. imports from Japan. 'The Japanese government may give up on its efforts to reduce auto tariffs and shift to negotiating lowering levies on other items,' Makino said. Among Japan's top three automakers, Toyota is expected to be the least affected by price increases, as demand for its wide range of hybrid models is likely to remain strong in the U.S. market, said Yuta Misumi, associate director at S&P Global Ratings. Hybrid vehicles are gaining popularity in the world's second-largest auto market, with sales jumping 36 percent last year, according to the government-affiliated Japan External Trade Organization. Honda Motor Co has also attracted U.S. customers with its hybrid lineup, and strong sales in the United States are helping offset sluggish performance in China, the world's largest auto market, Misumi said. Nissan Motor Co., meanwhile, is focused on restructuring, including scaling back global production capacity and its workforce, he added. Toyota, the world's top carmaker by volume, disclosed the impact of the tariffs for just the first two months of the year through March 2026, saying its operating profit was reduced by 180 billion yen ($1.24 billion). Nissan said its full-year operating profit could be reduced by up to 450 billion yen, while Honda estimates the impact of the auto tariffs could reach as much as 650 billion yen in the current fiscal year. Starting July 1, Toyota raised U.S. prices by an average of $270 per vehicle for its Toyota brand models and $208 for its upscale Lexus line. Mitsubishi Motors Corp., which initially responded to the higher tariffs by suspending deliveries from U.S. ports to local dealers, lifted prices for some models by an average 2.1 percent. Toyota said the price hikes were part of its annual review, while Mitsubishi Motors said its new prices were not aimed at addressing the auto tariffs. Among other automakers, Ford Motor Co reportedly raised prices of some U.S.-bound models made in Mexico, and Subaru Corp. also raised vehicle prices. S&P Global Ratings in May cut its forecast for 2026 U.S. auto sales by 1 million to 15 million vehicles, citing weaker demand partly due to higher prices. Still, analysts say the quickest and most effective way for carmakers to ease tariff pressure is to pass higher import costs on to customers. Analysts say carmakers could also build new plants in the United States to avoid higher tariffs -- a goal the Trump administration is seeking to achieve through its trade policy. But new plants would require significant investment and years to become operational, and carmakers would also need to reorganize parts of their global supply chains by persuading suppliers to serve the new facilities, analysts say. Higher U.S. labor costs and the need to procure some key components from China are also likely to pose challenges, they say. As the United States will remain a key market, 'the future performance of each company depends on the success of their efforts to mitigate the tariff impact,' Misumi said.

Japan's current account surplus jumps in May
Japan's current account surplus jumps in May

Qatar Tribune

time3 days ago

  • Qatar Tribune

Japan's current account surplus jumps in May

Agencies Japan posted a current account surplus of 3.44 trillion yen in May, as its goods trade deficit narrowed amid falling energy prices, the Finance Ministry said Tuesday. The surplus in the current account balance, one of the widest gauges of international trade, grew 16.5 percent from the previous year to the highest figure for May since comparable data became available in 1985, the ministry said in a preliminary report. The resource-poor country's goods trade registered a deficit of 522.3 billion yen, more than halving from a year earlier, with imports decreasing 7.5 percent to 8.56 trillion yen, reflecting lower crude oil prices. Meanwhile, exports also fell 1.4 percent to 8.03 trillion yen, due partly to reduced car shipments to the United States. Although U.S. President Donald Trump's heftier tariffs on auto imports took effect in early April, a ministry official briefing reporters said it is 'extremely difficult' to determine the specific impact of the levies on the export data. Among other key components, the surplus in primary income, which reflects how much Japan earned from overseas investments, stood at 4.26 trillion yen, down 2.7 percent, hit by lower interest earnings as foreign bond yields fell. The services trade balance swung back to a 201.1 billion yen surplus from a 51.6 billion yen deficit, marking the highest figure for May, amid reduced payments for copyright royalties. In the category, the travel surplus came to 629.2 billion yen, also the highest for the month, buoyed by upbeat inbound tourism. A surplus in the travel balance means that spending by foreign visitors in Japan exceeded the amount spent by Japanese residents overseas.

Trump ramps up trade war, imposing new tariffs on 14 nations by August 1st deadline
Trump ramps up trade war, imposing new tariffs on 14 nations by August 1st deadline

Qatar Tribune

time4 days ago

  • Qatar Tribune

Trump ramps up trade war, imposing new tariffs on 14 nations by August 1st deadline

Agencies U.S. President Donald Trump ramped up his trade war on Monday by informing 14 nations, from powerhouse suppliers and allies such as Japan and South Korea to minor trade players, that they now face mostly sharply higher tariffs from a new deadline of Aug. 1. The imposition of levies starting at 25% on U.S. imports rattled Wall Street, with the S&P 500 Index falling sharply, although markets in Asia were taking the news in their stride. In letters so far to 14 countries, Trump hinted at opportunities for additional negotiations, even while warning that reprisals would draw a like-for-like response. 'If, for any reason, you decide to raise your tariffs, then, whatever the number you choose to raise them by, will be added on to the 25% that we charge,' Trump told Japan and South Korea in letters released on his Truth Social platform. The higher tariffs take effect from Aug. 1, and notably will not combine with previously announced sectoral tariffs, such as those on automobiles and steel and aluminum. Countries have been under pressure to conclude deals with the U.S. after Trump unleashed a global trade war in April that roiled financial markets and sent policymakers scrambling to protect their executive order on Monday extends to Aug. 1 the Wednesday deadline for negotiations. Asked if the deadline was firm, Trump replied, 'I would say firm, but not 100% firm. If they call up and they say we'd like to do something a different way, we're going to be open to that.' It was unfortunate that Trump was hiking tariffs on imports from Japan and South Korea, two of the closest U.S. allies, but there was still time for a breakthrough in negotiations, said former U.S. trade negotiator Wendy Cutler. 'While the news is disappointing, it does not mean the game is over,' added Cutler, the vice president of the Asia Society Policy Institute. Trump said the U.S. would impose tariffs of 25% on goods from Tunisia, Malaysia and Kazakhstan, with levies of 30% on South Africa, Bosnia-Herzegovina, climbing to 32% on Indonesia, 35% on Serbia and Bangladesh, 36% on Cambodia and Thailand and 40% on Laos and Myanmar. A deal with India was close, Trump added. Japanese Prime Minister Shigeru Ishiba said some progress had been made on avoiding higher tariffs, of up to 35%, that Trump had suggested recently. 'We have received a proposal from the United States to swiftly proceed with negotiations towards the newly set August 1 deadline, and that, depending on Japan's response, the content of the letter could be revised,' Ishiba told a Cabinet meeting on Tuesday. South Korea said it planned to step up trade talks with the United States, and that exemptions or reductions in auto and steel tariffs must be included in any trade deal. Thailand said it was confident it could get a competitive tariff similar to those in other countries. In neighboring Malaysia, the trade ministry said it acknowledged U.S. concerns on trade imbalances and market access, while believing that constructive engagement and dialogue remained the best path forward. In Indonesia, Southeast Asia's largest economy, an official said Jakarta still had room to negotiate on tariffs, and its top negotiator would meet U.S. trade representatives in Washington. A Bangladesh team in Washington was scheduled to have further trade talks on Wednesday, an official said. The U.S. is the main export market for Bangladesh's readymade garments industry, which accounts for more than 80% of its export earnings and employs 4 million people. 'This is absolutely shocking news for us,' Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, told Reuters on Tuesday. 'We were really hoping the tariffs would be somewhere between 10-20%. This will hurt our industry badly.' South African President Cyril Ramaphosa said the 30% U.S. tariff rate was unjustified, since 77% of U.S. goods face no tariffs in his country. Ramaphosa's spokesperson said his government would continue to engage with the U.S. U.S. stocks fell in response to Monday's news, with the S&P closing down about 0.8%, although Asian share markets were mostly resilient, with Japan's Nikkei recouping early losses and South Korean stocks jumping 1.8%. 'There's going to be a lot of volatility as the headlines start to emerge, as more of these letters come out, and as the negotiations really come to the fore ahead of that Aug. 1 deadline,' said Tapas Strickland, head of market economics at National Australia Bank. Earlier on Monday, U.S. Treasury Secretary Scott Bessent said he expected several trade announcements in the next 48 hours. Only two deals have been struck so far, with the U.K. and Vietnam. China has until Aug. 12 to reach a deal with the White House to prevent Trump from reinstating additional import curbs after Washington and Beijing agreed in June on a tariff framework. On Tuesday, China warned the United States against reinstating tariffs on its goods, and said it could retaliate against countries striking deals with the U.S. to cut China out of supply chains. Vietnam and China agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam's government said on Tuesday. The European Union will not be receiving a letter setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday. The EU still aims to reach a trade deal by Wednesday after European Commission President Ursula von der Leyen and Trump had a 'good exchange,' a commission spokesperson said. The EU has been torn over whether to push for a quick and light trade deal or leverage its economic clout for a better outcome. Trump also threatened leaders of developing nations in the BRICS grouping meeting in Brazil with an additional 10% tariff if they adopt 'anti-American' policies.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store