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SECURITY > Cybersecurity

Japan mulling financial aid for data centers

Tokyo, Oct. 19 (Jiji Press)–The Japanese government is considering giving financial aid to companies that build new data centers that fulfill requirements for withstanding large-scale disasters, officials said Tuesday.     A panel of experts set up by the industry and communications ministries will compile details by the end of the year.     High-performance data centers are considered vital to digitalize….Read more

  • October 19, 2021
  • , Jiji Press , 9:24 p.m.
  • English Press

ECONOMY

BOJ proceeds to second stage of digital currency verification test

The Bank of Japan (BOJ) plans to proceed to the second stage of the digital currency demonstration test in April 2022. Based on the results of the first stage of the test, which started in the spring of 2021, the BOJ will focus the second-stage testing on the exchange of digital currency and cash, as well as reciprocity with private….Read more

  • October 16, 2021
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY

Japan is in fiscal spending phase: Keidanren chief

Regarding the recent magazine article by Administrative Vice Minister for Finance Yano Koji in which he criticized the economic stimulus measures compiled by the ruling and opposition camps as a “pork-barrel” battle, Japan Business Federation (Keidanren) Chairman Tokura Masakazu noted at his regular press conference on Oct. 18 that “fiscal integrity must be upheld, but [Japan] is currently facing a….Read more

  • October 19, 2021
  • , Nikkei , p. 5
  • JMH Translation

ECONOMY

Editorial: Nippon Steel case vs Toyota shows it’s time to take the China risk seriously

On October 14, Nippon Steel Corp. filed patent infringement lawsuits in the Tokyo District Court, asking for compensatory damages of ¥20 billion JPY ($176 million USD) each from Toyota Motor Corp. and Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of the state-run China Baowu Steel Group, which is the largest steelmaker in the world.    Nippon Steel also….Read more

  • October 19, 2021
  • , Japan Forward
  • English Press

ECONOMY

U.S. gov’t urges Kawasaki Heavy to inspect carriages over derailment

WASHINGTON – U.S. transportation authorities have called on Japanese manufacturer Kawasaki Heavy Industries Ltd. to launch a prompt inspection of its carriages over a recent derailment incident in the Washington subway system.   The Washington Metropolitan Area Transit Authority also suspended the use of Kawasaki Heavy’s 7000-series train cars on Monday, saying it will continue subway operations using different carriages….Read more

  • October 20, 2021
  • , Kyodo News , 2:29 a.m.
  • English Press

INTERNATIONAL > East Asia & Pacific

Japanese, ROK business leaders to meet online 

Sankei wrote that some 200 leading Japanese and ROK corporate executives plan to meet remotely on Nov. 2, noting that they are expected to discuss bilateral cooperation in the private sector for economic digitalization and the creation of a carbon-free society amid the prolonged political tensions between the two capitals over the comfort women and forced labor disputes.   

ECONOMY > Trade

EXCLUSIVE: Taiwan TPP negotiator hopeful of Japan’s support

Taipei, Oct. 18 (Jiji Press)–Taiwan hopes that Japan will provide plenty of support for its bid to join the Trans-Pacific Partnership free trade deal, top Taiwanese TPP negotiator Deng Chen-chung said in an interview with Jiji Press on Monday.   The interview was the first with a Japanese media organization for Deng since Taiwan submitted its TPP membership application in….Read more

  • October 18, 2021
  • , Jiji Press , 5:53 p.m.
  • English Press
  • ,

SCIENCE > Environment

Tokio Marine to help companies analyze decarbonization costs

MASAYUKI SHIKATA, Nikkei staff writer   TOKYO — Tokio Marine and Nichido Fire Insurance will launch as early as fiscal 2022 a service that calculates the financial risks companies could face from environmental regulations abroad, helping businesses better plan their strategies amid a growing global push to fight climate change.   While there already are services that predict losses from floods and other….Read more

  • October 19, 2021
  • , Nikkei Asia , 1:03 p.m.
  • English Press

ECONOMY

Japan ministers discuss steps against high crude oil prices

Tokyo, Oct. 18 (Jiji Press)–Japanese cabinet ministers met Monday to discuss measures to address soaring crude oil prices, which are feared impacting the economy and people’s livelihoods.   The meeting at the prime minister’s office came as the global crude oil supply struggles to meet demand, lifting gasoline prices in Japan to the highest level in around seven years last….Read more

  • October 18, 2021
  • , Jiji Press , 8:11 p.m.
  • English Press

ECONOMY

Sharp eyes re-entering U.S. TV market in spring of 2022

OSAKA – Japanese electronics manufacturer Sharp Corp. is considering making inroads into the U.S. television market starting in the spring of 2022 with plans to use a factory of its Taiwan parent company Hon Hai Precision Industry Co., sources familiar with the matter said Monday.   Teaming up with Roku Inc., a U.S. provider of TV streaming platforms, Sharp plans….Read more

  • October 19, 2021
  • , Kyodo News , 4:00 a.m.
  • English Press
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