
German drugmaker Boehringer eyes Japan as Asia hub with $346m investment
The plant, in the country's northeastern prefecture of Yamagata, currently produces the diabetes and kidney disease treatment drug Jardiance, mainly for the domestic market.

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The Mainichi
12 hours ago
- The Mainichi
Australia to choose frigates from Japan or Germany within days: report
SYDNEY (Kyodo) -- Australia is expected to decide this week on whether to partner with Japan or Germany in building its new fleet of general purpose frigates, The Australian newspaper reported Monday, citing multiple defense industry sources. According to the report, the government of Prime Minister Anthony Albanese is poised to decide within days on whether to replace Australia's aging Anzac-class frigates with Mogami-class vessels designed by Japan's Mitsubishi Heavy Industries Ltd. or German shipbuilder ThyssenKrupp Marine Systems' MEKO A200s in a program worth up to AU$10 billion ($6.4 billion) over the next decade. The cutting-edge Mogami-class frigates used by Japan's Maritime Self-Defense Force are widely considered to have the edge as they are newer and better armed, The Australian reported. The Japanese frigates are also able to operate with a smaller crew of around 90 personnel, compared with around 120 on the German vessels. However the Mogami-class frigates are believed to be at least 20 per cent more expensive than the German vessels and riskier due to Japan's lack of experience in building warships overseas, according to The Australian. The German vessels would offer familiarity as the MEKO A200 is a modern version of the Australian navy's Anzac-class frigates. The frigate plan calls for 11 vessels, with the first three to be built abroad and the remainder at Western Australia's Henderson shipbuilding precinct, according to the Australian government. The procurement is part of a planned increase in Australia's fleet over the next decade, amid China's growing military clout in the Indo-Pacific region.


Nikkei Asia
5 days ago
- Nikkei Asia
China's JD.com to buy German retailer Ceconomy for $2.5bn
After completing the takeover of Ceconomy, says it will expand the German retailer's platform across Europe. (Source photos by Reuters) LORRETTA CHEN HONG KONG -- said it has reached an agreement with German retailer Ceconomy to acquire it at 4.6 euros a share in a 2.2 billion euros ($2.5 billion) deal. The proposed takeover marks the Beijing-based e-commerce operator's expansion into the European market as competition among online marketplace players heats up at home.


Japan Today
5 days ago
- Japan Today
Toyota likely to retain top spot in 1st-half global sales for 6th straight year
Toyota Motor Corp said Wednesday its group companies sold a record 5.54 million vehicles worldwide in the first half of 2025, outperforming German rival Volkswagen AG and likely retaining top spot in global sales for the sixth straight year. Global sales in the January-June period, including those of its small-car manufacturing unit Daihatsu Motor Co and truck-making subsidiary Hino Motors Ltd, rose 7.4 percent from a year earlier, setting a new group sales record for the first time in four years. Toyota last saw record first-half global sales of 5.47 million units in 2021, but its sales had since been negatively impacted by a global semiconductor shortage and a production suspension due to a series of certification scandals. Volkswagen sold 4.41 million vehicles in the same period, up 1.3 percent from the year before, according to the German company. In the first half, Toyota group's domestic sales surged 27.4 percent to 1.05 million cars, rebounding from a sharp decline in 2024 after it was found that safety test data had been rigged. Overseas sales also climbed 3.6 percent to 4.50 million units, a record high, driven by strong demand for hybrid vehicles across the world. Toyota's sales alone in the key U.S. market, including those of its luxury Lexus brand, rose 4.2 percent to 1.24 million vehicles amid last-minute demand fueled by concern over potential price hikes stemming from higher tariffs imposed by President Donald Trump. Although the Trump administration raised auto tariffs by 25 percentage points to 27.5 percent in April, Tokyo and Washington agreed last week to lower the rate to 15 percent. In China, where competition has intensified with electric vehicle rivals such as BYD Co, Toyota sales alone climbed 6.8 percent to 837,744 units, boosted by promotional measures linked to government subsidies. In June, the Toyota group's global sales grew 2.7 percent from a year earlier to 937,246 vehicles, as those of Daihatsu surged 22.4 percent to 60,241 units after a tumble the previous year due to the certification misconduct. In the U.S. market during the reporting month, sales of Toyota alone edged up 0.1 percent to 193,248 vehicles, with a company official saying the last-minute demand has "begun to settle down." © KYODO