Toyota Motor Corporation has raised its operating profit forecast for the financial year ending in March, even as it braces for a ¥1.45 trillion (£7.6 billion) hit from tariffs on vehicles exported to the United States. The world’s largest carmaker now expects operating profit of ¥3.4 trillion (£17.8 billion), up from an earlier projection of
SoftBank Corp. and OpenAI are joining forces to roll out new artificial intelligence services for Japanese businesses next year, marking a major step in Japan’s push to harness AI across industries. The initiative, launched under the new joint venture SB OAI Japan, aims to provide enterprise-grade AI tools that accelerate business operations, including advanced voice
Nissan Motor Co. has sold its Yokohama headquarters for 97 billion yen ($630 million) to a consortium led by Taiwanese autoparts maker Minth Group, as part of a wider plan to shore up its finances. According to a Bloomberg exclusive, the move is a strategic step in Nissan’s ongoing restructuring as it faces its toughest
Japan’s SBI Group, managing over $78.65 billion (¥12.1 trillion) in assets, has deepened its blockchain ambitions through a strategic alliance with Chainlink Labs. The partnership aims to accelerate the adoption of tokenised real-world assets, cross-chain payments, and stablecoin verification across Asia. It also signals how traditional financial institutions are preparing to integrate blockchain infrastructure into
The Japanese yen continued its downtrend this week, moving to its lowest level since February this year. The USD/JPY exchange rate was trading at 154.70, up sharply from the year-to-date low of 139.86. So, what next go the yen and will the Bank of Japan intervene? Why the Japanese yen is failing The Japanese yen
The Japanese yen continued its recent crash on Thursday as its run as one of the worst-performing currencies accelerated. The USD/JPY exchange rate jumped to a high of 158, up by over 12% from its lowest level in April this year. It has jumped to its highest level since January last year. Japanese yen crashes
The Japanese yen continued its freefall after Japan approved a bigger-than-expected stimulus and after a report showed that inflation remained stubbornly high in October. The USD/JPY exchange rate was trading at 157.18, a few points below this week’s high of 157.73. Japan passes a big stimulus package The USD/JPY exchange rate has been in a
Japan is moving ahead with a new spending plan to reinforce its long-term strategy for artificial intelligence and semiconductor development. The government has outlined an extra budget of about ¥252.5 billion, reports Bloomberg, which is smaller than last year’s package but reflects a shift in approach. Instead of relying on large one-off allocations, Japan wants
Juventus Football Club shares rose sharply after Exor, the Agnelli family’s holding company, rejected an unsolicited takeover proposal from cryptocurrency issuer Tether, underscoring growing financial-sector interest in elite European football clubs. Shares in the Turin-based club climbed 13% in European morning trading on Monday, recovering some of their losses earlier in the year. Despite the
Japan’s biggest banks are accelerating their push into India, with Mitsubishi UFJ Financial Group Inc. moving closer to a minority investment in Shriram Finance Ltd, as per a Bloomberg exclusive. The potential transaction reflects rising foreign interest in India’s fast-growing credit market, particularly among lenders looking to tap demand beyond traditional corporate banking. As competition