Image used for representative purposes MUMBAI: Five years after a group of Indian lenders led by SBI stepped in to rescue Yes Bank, Japan’s Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 20% stake in the private lender for Rs 13,483 crore, making it the largest shareholder. The deal, India’s biggest cross-border banking investment, marks…
After maniac Monday, Asian markets bounced back on Tuesday following a brutal global sell-off, with Japan’s Nikkei 225 surging over 6 per cent in early trade after suffering a sharp 8 per cent decline the previous day. The recovery came amid continued volatility sparked by growing fears of an international recession as the US-China trade…
In a remarkable breakthrough, a Japanese patient who had been paralyzed from the neck down for many years has learned to stand unaided once again. It was all done as part of a first-ever clinical trial which used reprogrammed stem cells to treat patients with spinal injuries, offering new hope to patients suffering from paralysis.This…
TOKYO — Twenty minutes from the Tokyo Dome sits another of Japan’s most revered ballparks, the 99-year-old Meiji Jingu Stadium, one of the few fields still in use anywhere that can claim Babe Ruth as a batter. Jingu’s home club, the Yakult Swallows, held a spring exhibition Tuesday afternoon against the Hanshin Tigers, creating a…
The results of a rare, closely watched auction in Japan that ended this week are about to be released. But there were no paintings or antique cars on the auction block. The government is selling 165,000 tons of rice — equivalent to roughly two billion bowls — from its emergency stockpile to make up for…
Ski resorts in Japan are prized for having some of the deepest, lightest powder around. A winter of exceptionally heavy snow — some areas had more than 12 feet of snowpack this week — should be a skier or snowboarder’s dream. The ski terrain in Japan this winter is “super big and super gnarly,” the…
This article is part of a Women and Leadership special report highlighting women who are charting new pathways and fighting for opportunities for women and others. When Gil Won-ok, a Korean woman, died recently at the age of 96, the international community lost an outspoken warrior in the effort to make Japan accountable for its…
Gil Won-ok, one of the last survivors of sexual slavery in brothels for Japan’s World War II troops, who campaigned to bring international attention to the suffering of thousands of women like her, died this week at her home. She was 96. Ms. Gil’s death at her home in Incheon, west of Seoul, on Sunday…
For decades in Japan, it was accepted as gospel: A weak currency makes companies more competitive and bolsters the economy. Part of that promise came true last year: As the yen tumbled to a 37-year low against the dollar, big brands like Toyota Motor reported the highest profits in Japanese history. Stocks soared to record…
In a landmark development, Japan has pledged a massive $1 trillion investment in the United States, covering defense, energy, and strategic industries. The announcement follows high-level talks between U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, focusing on military cooperation and economic collaboration. Japan has committed to doubling its defense spending by 2027,…