Latest news with #Tokyo
Yahoo
17 minutes ago
- Business
- Yahoo
Japan's bond market volatility casts shadow over FASB-ASBJ meeting: Trial Balance
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. The Trial Balance is weekly preview of stories, stats and events to help you prepare. Part 1 — FASB and ASBJ meet during rapidly mounting fiscal pressure in Japan As accounting standard-setters from the U.S. and Japan met in Tokyo last week for their 35th bilateral meeting, Japan's bond yields continued to rise as the country adjusted to shifting political dynamics following recent upper house elections. The Financial Accounting Standards Board and the Accounting Standards Board of Japan didn't formally discuss recent bond market changes or their potential impact on U.S. markets and global accounting during their meeting last week, but the volatility provided context for discussions on business combinations, environmental credit programs and each board's agenda consultation process. Japan's 10-year government bond yield recently climbed toward 1.6%, reaching highs not seen since 2008, as political uncertainty and potential fiscal spending fuels global concern. Japan's government debt now exceeds 260% of GDP, the highest among developed economies, adding to concerns about long-term fiscal sustainability as borrowing costs rise. Japan's move to end yield curve control last year has narrowed the yield gap between Japanese and U.S. bonds, putting pressure on U.S. Treasury markets and renewing attention to global interest rate dynamics. These are issues where the boards may look for clear alignment in reporting requirements between U.S. GAAP and Japanese GAAP standards. In the U.S., standards such as ASC 815 on derivatives and hedging and ASC 820 on fair value measurement guide how companies account for these areas. These areas take on added complexity for CFOs as global bond market volatility may reshape how companies apply accounting standards for valuation, risk and financial reporting. The meeting also marked the first attendance by FASB Vice Chair Hillary Salo and Technical Director Jackson Day in their current roles. In addition to the bilateral meeting, FASB leaders joined a public roundtable with ASBJ stakeholders to gather input on active projects and hear feedback from constituents in the region. As interest rate shifts and political changes continue to impact Japan's bond market, the need for stable and comparable financial reporting standards likely remains top of mind for both boards. The boards are expected to meet again in Norwalk, Connecticut, during the second half of 2026.
Arab News
2 hours ago
- Politics
- Arab News
Japan avoids criticizing Israel for bombing and invading Syria
TOKYO: Despite the recent attacks on Gaza and Syria, Japan has notably refrained from condemning Israel's actions. This stance contrasts sharply with Tokyo's more vocal criticisms of military actions taken by other nations, such as Russia. Foreign Minister Takeshi Iwaya reiterated Japan's commitment to peaceful conflict resolution, emphasizing the need for restraint and dialogue. He also expressed appreciation for the efforts of countries working to resolve the situation in Syria. 'As I mentioned previously, we are deeply concerned about the situation in Syria,' Iwaya stated, adding that Israel's attacks on Syria could be 'severely worsening' the situation there. 'We are calling for the steadfast implementation of the ceasefire agreement agreed upon by the involved parties and strongly urging all parties, including Israel, to exercise maximum restraint.' Furthermore, Iwaya emphasized that Syria's territorial integrity, sovereignty, and independence should be respected. He acknowledged that the Syrian government has engaged in dialogue aimed at achieving a political solution and national reconciliation. 'We are committed to demanding that all parties play a constructive role in achieving a peaceful and stable transition in Syria,' he added. Israel's aggressive invasion of Syrian territories and its ongoing bombings of critical Syrian establishments — most recently, airstrikes on the presidential palace and the defense ministry — have raised serious concerns. When Iwaya was asked whether Japan would take a stronger stance, including condemnation and sanctions against Israel like its response to Russia's actions in Ukraine, he reiterated, 'We are committed to demanding that all parties play a constructive role in achieving a peaceful and stable transition in Syria.'
Yahoo
3 hours ago
- Automotive
- Yahoo
Is Japan the Next Big Growth Opportunity for Tesla Stock?
Electric vehicle (EV) maker Tesla (TSLA) is shifting gears in Japan, a market where EV penetration is still relatively low. The Elon Musk-led automaker plans to double its retail presence in the country by the end of 2026, signaling a major push to capture market share in one of the world's top automotive hubs. Having relied mostly on online-only sales in Japan until now, Tesla is steering toward a more visible presence with plans to open more physical stores in high-traffic shopping and business centers, each of which will be directly operated by Tesla itself. The company aims to grow its store count from 23 to 30 by the end of this year, and add another 20 in 2026, with an eye on eventually hitting 100 locations nationwide. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? This Penny Stock Wants to Become the MicroStrategy of Dogecoin Robinhood Stock Stumbles as S&P 500 Inclusion Is Once Again Off the Table for HOOD Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! That's not all. Tesla also plans to expand its fast-charging network, making EV ownership even more convenient for Japanese consumers. As Japan starts to embrace electrification, can Tesla's bold expansion plans in the region be a key catalyst for the company's overall growth? About Tesla Stock While Tesla remains a prominent name in the EV world, 2025 has been anything but smooth for the brand. CEO Elon Musk's political entanglements, marked by growing ties and then a sudden fallout with President Donald Trump, have created distractions that many believe have dented Tesla's growth and weighed on its stock. Still, the tide may be turning. Recently, Musk posted on X that he's 'back to working 7 days' on Tesla, declaring 'now it's game on' for the company's artificial intelligence (AI) ambitions. That statement marks a clear pivot toward high-margin, scalable areas like autonomous driving, robotics, and software, core pillars of Tesla's long-term vision. At the same time, the company is pressing ahead with its global expansion. Beyond its aggressive push in Japan, Tesla also made headlines this month by confirming plans to open its first showroom in India, on July 15. To start, Tesla will import vehicles from its factories in Shanghai and Berlin, minimizing upfront costs while gauging India's local demand. With sales losing steam in mature markets like the U.S. and Europe, Tesla's push into countries like India and Japan looks like a calculated effort to unlock fresh growth and broaden its global footprint. The company presently commands a hefty market capitalization of about $1.1 trillion. While shares of the EV giant are still down 18.7% year-to-date (YTD), trailing the broader S&P 500 Index ($SPX), which is up around 7.1% in 2025, there's been a noticeable shift in sentiment lately. The stock has recently roared back to life, climbing an impressive 38% over the past three months as Elon Musk's renewed focus on Tesla and its AI ambitions begins to reignite investor enthusiasm. Tesla's Q1 Earnings Miss and Q2 in Spotlight Tesla started fiscal 2025 on a shaky note, with its fiscal 2025 first-quarter earnings report on April 22 falling short across the board. Revenue slipped 9% year-over-year (YOY) to $19.3 billion, missing analysts' expectations of $21 billion. But the bigger shock came from adjusted earnings, which plunged 40% to just $0.27 per share, roughly 63% below what Wall Street was looking for. The company's core automotive business was the main drag, with revenue dropping 20% from $17.4 billion to about $14 billion. Tesla pointed to factory upgrades tied to the Model Y refresh as a factor, but deeper issues loomed. Heavy discounts and declining average selling prices chipped away at profitability, putting pressure on both revenue and margins. Despite the weak quarter, there were a few bright spots. Tesla's energy generation segment jumped 67% to $2.7 billion, while its services business rose 15% to $2.6 billion. Even so, Tesla struck a cautious tone, choosing not to offer updated forecasts and instead saying it would 'revisit our 2025 guidance in our Q2 update.' That next update is just around the corner. Tesla is scheduled to report its Q2 earnings on July 23 after market hours, and all eyes will be on whether the company can show signs of a rebound. Tesla is under pressure as competition ramps up, especially from Chinese EV makers rolling out sleek, budget-friendly models as well as CEO Elon Musk's political controversies this year have hurt the company's brand image. The impact was clear in the company's Q2 delivery update. Earlier this month, Tesla reported 384,122 vehicle deliveries for the second quarter, marking a sharp 13.5% drop from the same period last year and its second straight quarterly decline. Production also edged down slightly to 410,244 vehicles, compared to 410,831 a year ago, signaling ongoing challenges in maintaining momentum. What Do Analysts Expect for Tesla Stock? Overall, Wall Street is playing it safe with Tesla, sticking to a consensus 'Hold' rating as the company navigates through a tough stretch. Of the 40 analysts offering recommendations, 12 advocate for a 'Strong Buy' rating, two give a 'Moderate Buy,' 16 suggest a 'Hold,' and the remaining 10 maintain a 'Strong Sell' rating. While the stock trades premium to its average analyst price target of $296.83, the Street-high target of $500 suggests that TSLA can still rally as much as 52.2% from current levels. Key Takeaways All in all, while Tesla's bold push into markets like Japan offers long-term promise, especially given the country's low EV penetration and growing government support, it won't be without hurdles. An aging population, loyalty to domestic automakers, limited charging infrastructure, and broader macro pressures could continue to weigh on near-term performance. Combine that with the company's recent delivery declines and ongoing margin compression, and it's clear the stock faces a tough road ahead. Japan might just be Tesla's next big test. Success here would show Tesla's ability to win in more established, competitive regions. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
3 hours ago
- Entertainment
- Yahoo
Pokémon Presents July 2025 – All The Big Announcements & Mega Dragonite Takes Flight!
To start the day off right, The Pokémon Company brought a Summer Pokémon Presents July 2025 showcase, and here are all of the announcements. While today is not Pokémon Day, The Pokémon Company scraped together a slew of new announcements to share with fans regarding the latest developments in the Pokémon franchise. Typically, for the past three years Pokémon Presents showcases would land on February 27, the same day Pokémon Red and Green was released in Japan in 1996. But that's not the case for 2025, as Pokémon Day has come and gone (alongside a Presents showcase), and The Pokémon Company took the time in between February's showcase and today to reveal the Pokémon Legends: Z-A release date in a small announcement alongside this second dose of Pokémon Presents July 2025. While May revealed Pokémon Legends: Z-A's release date, today's presentation brought much more with it. But without further delay, here are all of the developments revealed at the Pokémon Presents July 2025 showcase. Pokémon Presents July 2025 Announcements Pokémon World Championships 2025 The dates for the upcoming Pokémon World Championships 2025 have been revealed as well as the promo card guests will receive for attending. Each player who competes in the world championships event will receive a world championships Parardise Resort 2025 who aren't attending in person will be able to watch all of the Pokémon World Championships 2025 action directly on the official Pokémon Youtube or Official Twitch channel. The Pokemon World Championships will take place from August 15 until August 17. Pokémon Concierge A trailer for the upcoming season of the Netflix Original, Pokémon Concierge was revealed, and it puts Haru face to face with her mysterious ex that she fled from by coming to the Pokémon heartwarming series returns in 2025, bringing a brand new group of stories and new Pokémon to the island. Pokémon Concierge returns in September 2025. Pokémon Tales: The Misadventures of Sirfetch'd and Pichu A brand new Pokémon stop motion series was then announced from the previously revealed Wallace and Gromit stop motion studio, Aardman x Pokémon collaboration. A small teaser trailer was shown of a Wooloo eating an apple while other rowdy Pokémon antics proceeded in the background, but what that has to do with Sirfetch'd or Pichu remains a mystery. The series is set to launch in 2027. Poképark Kanto To fulfill the wish of bringing a new area for people and Pokémon to exist together, The Pokémon Company unveiled PokéPark Kanto. This new area in Japan brings an actual Pokémon enclosure to the real world, and allows people to co-exist alongside their favourite creatures. The park will be located on in a forest behind Yomiuriland in the Tama area of Tokyo, Japan. PokéPark Kanto will feature a range of Pokémon-themed attractions and events designed to immerse visitors in the Pokémon world. Ticket sales are planned for Poképark Kanto at the end of 2025, with a grand opening scheduled for 2026. Pokémon Friends A new puzzle game was revealed at the Pokémon Presents July 2025 showcase, and it features a new brain teasers to give fans that 'Aha!' moment when you figure it out. After solving puzzles, you can snag a nifty new plush to decorate your base with in the new brainteaser title filled with Pokémon, Pokémon Friends is available today on Nintendo Switch, iOS and Androids. Pokémon Scarlet & Violet A new tera raid event will kick off, featuring the treasures of ruin in their shiny variants: Wo-Chien, Chien-Pao,Ting-Lu, and Chi-Yu. This time there's a catch, the global Pokémon community has to work together to defeat these shiny creatures one million times each to obtain the ability to catch these shiny variants. The raid event schedule is as follows: Shiny Wo-Chien: July 22, 2025, to August 3, 2025. Shiny Chien-Pao: August 3, 2025, to August 17, 2025. Shiny Ting-Lu: August 17, 2025, to August 31, 2025. Shiny Chi-Yu: August 31, 2025, to September 14, 2025. Fans can also grab a nifty new tracksuit in Scarlet and Violet by entering the following Mystery Gift code: STRACKSU1T for Pokémon Scarlet, and VTRACKSU1T for Pokémon Violet. After players defeat each shiny legendary Pokémon, they will then be obtainable via mystery gift just like the tracksuit later on. Pokémon Champions The upcoming Pokémon Colliseum successor, Pokémon Champions revealed you can link the title to Pokémon Home and bring beloved creatures from any title into the game. Pokémon Champions allows player to engage in single, and double battles for a variety of different strategies to face opposing trainers with. Pokémon Champions allows trainers to easily train individual stats, making EV training a sinch, and customizing Pokémon for the battlefield has never appeared simpler. The new Pokémon Champions title will launch sometime in 2026. Pokémon Legends: Z-A As the final announcement in the Pokémon Presents July 2025 presentation, a new trailer was shown for Pokémon Legends Z-A, showcasing Mega Evolution in action and revealing brand new story beats for what trainers will be able to accomplish in Lumiose City. After arriving in Lumiose City, you will be invited to join Team MZ, the self proclaimed protectors of Lumiose City. Trainers will notice Luimiose City is different on its day and night cycle. In the daytime, trainers can find and catch new Pokémon, and by night, trainers will have to contend with other battlers. Lumiose City offers many ways to have fun outside of Pokémon Battling, as a character from Pokemon X and Y's post-game story, Emma, was shown in her best Looker cosplay (a detective outfit), and Professor Mabel (a name shared with an admin of the villainous Team Flare from Kalos) will provide research opportunities. Listening to fans frustration with the lack of customization options in Scarlet and Violet, Pokémon Legends: Z-A will feature a wealth of fashion options, letting fans dress their character how they please. Trainers can also travel around the confines of Lumiose City and help inhabitants with problems and net sweet rewards by doing so. Trainers will learn Rogue Mega-Evolved Pokémon will litter the city, demanding the player deal with these creatures with your own Mega Evolution and recruit Team MZ to help out. Mega Dragonite has been revealed for the first time, and it features Dragonair design traits, such as wings on its head and a blue orb on its tail. This confirms what fans have thought, there will be new Mega Evolutions in Legends Z-A. Pokémon Legends Z-A releases on October 22, 2025. That wraps the entire Pokémon Presents July 2025 presentation. Fans looking for more information can head to the official Pokémon site for more details on any of the announcements. 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France 24
3 hours ago
- Sport
- France 24
Janeth Chepngetich books world championships slot with upset win
The 26-year-old held off challenges from two world record holders, Agnes Jebet Ngetich and Beatrice Chebet. Janeth Chepngetich is no relation to women's marathon world record holder Ruth Chepngetich, whose provisional suspension for doping earlier this month has cast a shadow over Kenya's preparations for Tokyo. "I had set a strategy from the beginning. I wanted to control the pace and offer a chance to my competitors (to see if they would mount a challenge)," Chepngetich told reporters. "But in the end I managed to nail the victory." Chepngetich won in a time of time of 30min 27.02sec as she made up for narrowly missing out on qualification for the Paris Olympics last year when she finished fourth in the trials. Chebet, who also set a new world record for the women's 5,000m at the Prefontaine Classic in Eugene two weeks ago, was happy with her third place which guaranteed her a third World Championships appearance. Ngetich is a world record holder in the 10km road run. In the women's 3,000 metre steeplechase, Olympic bronze medallist Faith Cherotich was back to her winning ways after losing to Bahraini rival Winfred Yavi in Eugene. The 21-year-old won in 9:09.44, well ahead of second-placed Doris Lemngole (9:24:69) with Caren Chebet in third with 9:34.91. In the men's steeplechase, world under-20 champion Edmund Serem atoned for his elder brother Amos Serem's absence through injury when he won the race in 8:38.91. "It was a difficult moment for me knowing that brother Amos would have also taken part in these trials. But winning here today is a consolation for him too. I am going to Tokyo to win a medal for him," said Serem. The 2023 Diamond League winner Simon Kiprop Koech was second in 8:39.97, while the world and Olympic bronze medallist Abraham Kibiwott was third Phanuel Kipkosgei Koech, the 18-year-old who is a rising star in the 1,500m pulled out of his race with fatigue as he had only just returned from London where he beat Britain's reigning world champion Josh Kerr in the Diamond League meet. Koech will still be included in the Tokyo squad, but the 1,500m of Tuesday was won by Reynold Cheruiyot in a slow time of 3:48.86, with 2019 world champion Timothy Cheruiyot taking second spot in 3:49.07, and Brian Komen just behind.
