Major Japanese banks suffer losses over fear of SVB exposure

View of the headquarters of the Silicon Valley Bank (SVB) in Santa Clara, California (US), 13 March 2023. EFE/FILE/George Nikitin

Tokyo, Mar 14 (EFE).- Three of the largest Japanese banks, Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group, recorded significant losses Tuesday along with other Japanese financial entities in the first half of trading on the Tokyo Stock Exchange due to fears of their exposure to the bankruptcy of Silicon Valley Bank (SVB). Tokyo’s main … Read more

Money to stop the birth rate that threatens the future of Japan

An elderly woman walks past a shop in Tokyo, Japan, 09 March 2023 (issued 13 March 2023). EFE-EPA/FRANCK ROBICHON

By Maria Roldan Tokyo (EFE).- Births in Japan reached a new low in 2022, falling below 800,000 for the first time, accelerating a demographic challenge to which the government wants to respond with economic measures many experts consider insufficient. The archipelago is “at a limit moment” regarding its sustainability, said Japanese Prime Minister Fumio Kishida … Read more

Thousands rally in Seoul against South Korean president, Japan gov’t

Thousands of South Koreans demonstrate in Seoul against President Yoon Suk-yeol and against the Japanese government and companies after presenting this week a controversial plan to compensate fifteen people who were enslaved by these companies during World War II. EFE/ Andrés Sánchez Braun

Seoul (EFE).- Thousands of South Koreans demonstrated in Seoul on Saturday against a controversial plan presented this week to compensate people who were subjected to forced labor by Japanese companies during World War II. Several victims or their families have spoken out against the plan, which in principle exempts the two Japanese companies involved from … Read more

Quad foreign ministers denounce Indo-Pacific ‘tension,’ debate Ukraine

US Secretary of State Antony Blinken addresses the media with South Korean Foreign Minister Park Jin(not pictured) at the State Department in Washington, DC, USA, 03 February 2023. EFE-EPA/WILL OLIVER/FILE

New Delhi, Mar 3 (EFE).- The Foreign Affairs chiefs of the Quad, the alliance made up of Japan, the United States, Australia and India, denounced Friday the attempts to “increase tension” in the East and South China seas, without directly naming Beijing, and “debated” their responses to the Ukraine war. “We firmly oppose any unilateral … Read more

Japan’s space agency announces first new astronauts since 2009

Japan's new H3 rocket is seen after the cancellation of its launch at the Tanegashima Space Center located on Tanegashima island, Kagoshima Prefecture, southwestern Japan, 17 February 2023. EFE-EPA/JIJI PRESS JAPAN OUT EDITORIAL USE ONLY/

Tokyo, Feb 28 (EFE).- The Japan Aerospace Exploration Agency (JAXA) announced its first new astronaut candidates since 2009 on Tuesday. World Bank senior disaster risk reduction specialist Makoto Suwa, 46, and Japanese Red Cross Medical Center surgeon Ayu Yoneda, 28 were selected from a record 4,127 applicants in JAXA recruitment’s process conducted since April 2022. … Read more

Sony CFO Hiroki Totoki to become group president

resent President and Chief Executive Officer (CEO) of Sony Group Corp. Kenichiro Yoshida and Newly appointed President Hiroki Totoki (R), Chief Financial Officer (CFO) and Deputy President, EFE/EPA/KIMIMASA MAYAMA

Tokyo, Feb 2 (EFE).- Sony’s Chief Financial Officer Hiroki Totoki is set to become the group’s president and chief operating officer from April 1, the Japanese corporation announced Thursday. Totoki, who also holds the position of executive deputy president at present, will replace Kenichiro Yoshida as president.Yoshida will remain the chief executive officer of the … Read more

Japan asks to limit sale of Covid medicines to prevent hoarding by tourists

Tokyo, Jan 11 (EFE).- The Japanese health ministry has asked shops and pharmacies to check the bulk sale of medicines used to treat Covid, especially to tourists, following reports that several Chinese nationals were buying drugs to send home during their visit to Japan. “There is a lot of news of cases of large purchases … Read more

Japan court rejects aid claim of children of Nagasaki survivors

Tokyo, Dec 12 (EFE).- A Japanese court on Monday rejected a lawsuit filed by children of Nagasaki atomic bomb survivors who were seeking government financial support for their health. The plaintiffs claimed their parents’ exposure to radiation from the 1945 bombing had affected their health, but the Nagasaki District Court judges said that genetic influence … Read more