Latest news with #YukiKohara
Nikkei Asia
18-07-2025
- Business
- Nikkei Asia
North American investors quadruple Japan stock purchases in 1st half
The Tokyo Stock Exchange saw an influx of foreign investment in the first half of the year. (Photo by Yuki Kohara) AKIRA INUJIMA TOKYO -- Value-hunting North American investors sharply raised their bets on the Japanese stock market in the first half of the year as they sought to diversify their portfolios away from the U.S. North American investors bought 835.4 billion yen ($5.62 billion) worth of Japanese equities on a net basis from January to June, four times the year-earlier level, according to data released by the Tokyo Stock Exchange on Friday.
Nikkei Asia
04-07-2025
- Business
- Nikkei Asia
Chinese rural bank gets state rescue as it warns of up to $265m losses
The logo of Jilin Jiutai Rural Commercial Bank. The institution, hit hard by China's property crisis, says fee reductions and concessions for borrowers under directives to support the economy have been taking a toll. (Photo by Yuki Kohara) LORRETTA CHEN HONG KONG -- Chinese state enterprises have come to the rescue of a troubled rural commercial bank in the nation's northeastern Jilin province, after it warned of losses to the tune of 1.7 billion yuan to 1.9 billion yuan ($237 million to $265 million). China International Capital Corporation Hong Kong, an overseas unit of China's largest investment bank, and state-owned Jilin Financial Holding Group have offered to acquire for cash all of the Hong Kong-listed and domestic shares of Jilin Jiutai Rural Commercial Bank, respectively, according to an exchange filing Thursday evening. The lender, often simply referred to as Jiutai Bank, will also apply for delisting in Hong Kong upon shareholder approval of the acquisition.
Nikkei Asia
03-07-2025
- Business
- Nikkei Asia
ASEAN nations pledge to buy more from US as tariff zero-day nears
ASEAN countries are scrambling to make concessions with Washington to secure lower tariffs from the Trump administration. (Source photos by Yuki Kohara and Ken Kobayashi) NANA SHIBATA, MAI NGUYEN and ISMI DAMAYANTI JAKARTA/HANOI -- From buying dozens of Boeing planes to importing more U.S. soybeans, Southeast Asian countries are doubling down to appease Donald Trump as the deadline for a pause on the U.S. president's hefty tariff threats fast approaches. Trump's 90-day pause on "reciprocal" tariffs beyond a 10% baseline against most countries around the world is set to expire on Wednesday.
Nikkei Asia
03-07-2025
- Automotive
- Nikkei Asia
BYD catching up to Honda, Mitsubishi in Southeast Asia
BYD electric vehicles are displayed at the 46th Bangkok International Motor Show in Bangkok in March. (Photo by Yuki Kohara) YUICHI SHIGA TOKYO -- Facing competition at home, Chinese electric vehicle maker BYD has been expanding into Southeast Asia, with sales now on par with Japanese automakers such as Honda Motor and Mitsubishi Motors. Market share in the region has long been dominated by Japanese automakers, and while Toyota Motor continues to lead in terms of units sold, Mazda Motor and Nissan Motor are among those struggling as the Chinese EV giant increases its presence.
Nikkei Asia
01-07-2025
- Business
- Nikkei Asia
Hong Kong media reshaped by dismissals, audits and red lines
Workers hang Chinese and Hong Kong flags ahead of the July 1 anniversary of the 1997 handover of sovereignty from Britain to China. (Photo by Yuki Kohara) KENSAKU IHARA HONG KONG -- Barry Wood, an international economics correspondent for Radio Television Hong Kong (RTHK), received an unexpected call on May 22 that brought his three-decade career at the broadcaster to an abrupt end. The 81-year-old journalist, based in Washington, said RTHK's news division informed him that his contract would not be renewed. No reason was given, he said -- only that his final day would be the following week, despite his contract running through September.
