Tag: Kanto

All Passengers on Japan Airlines Jet Evacuated After Plane Collision
World

All Passengers on Japan Airlines Jet Evacuated After Plane Collision

Updated Jan. 2, 2024 7:04 am ETTOKYO—A Japan Coast Guard plane and a Japan Airlines passenger jet collided at Tokyo’s Haneda Airport but all 379 people on board the passenger jet were able to escape, Japan Airlines said.Five of the six people aboard the Coast Guard plane died in the crash, Japanese Prime Minister Fumio Kishida said. He said they were planning to deliver relief supplies to people affected by an earthquake on the Japan Sea coast on New Year’s Day.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s
World

Japanese Investors Return to Overseas Real Estate With Lessons Learned From the 1990s

TOKYO—Big Japanese investors stumbled disastrously into the U.S. commercial real-estate market in the late 1980s, when they bought high-profile properties like New York’s Rockefeller Center not long before the market fell hard.Now some Japanese institutional investors and real-estate companies are back—but this time it isn’t about flaunting trophy purchases. It is about diversifying portfolios for the long term and getting good bargains while the market is slumping.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Toshiba, Rohm to Invest $2.69 Billion to Make Power Devices in Boost to Japan Chip Industry
World

Toshiba, Rohm to Invest $2.69 Billion to Make Power Devices in Boost to Japan Chip Industry

Toshiba and electric-parts company Rohm will invest $2.69 billion in a venture to produce power devices, a move aligned with Tokyo’s drive to ensure a stable supply of semiconductors in Japan.The Japanese companies said Friday they will spend a combined 388.3 billion yen ($2.69 billion) to boost production capacity of silicon carbide and silicon power devices, components used for supplying and managing power in parts such as electric-vehicle powertrains.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
KKR’s Chip Play Will Win Big in Japan
Money

KKR’s Chip Play Will Win Big in Japan

Private-equity giant KKR has scored a win in Japan, and with a chip price rebound probably around the corner, their timing looks impeccable. Investors should consider going along for the ride.Semiconductor equipment maker Kokusai Electric will start trading Wednesday in Tokyo after raising around $720 million in an initial public offering last week. That makes the deal Japan’s largest IPO in almost five years, according to Dealogic. KKR has owned the company—which used to be controlled by Hitachi—since taking it private in 2018. Kokusai is valued at $2.8 billion at its IPO price, potentially netting KKR a return of more than 60% in Japanese yen terms, excluding leverage. Kokusai unloaded its video and communications systems business after KKR’s takeover.Copyright ©2023 Dow Jones & Com...
The Battle Over the Yen
Health

The Battle Over the Yen

The foreign-exchange market for the Japanese yen is working fine, the International Monetary Fund declared last weekend. No it’s not, Japan’s finance ministry shot back on Thursday in what’s become an instructive tussle over exchange rates and monetary policy.A major economic story of the past two years is the chronic weakness of the yen relative to the dollar. Traders appear to be preparing for a push down to ¥151 per dollar, a 33-year low, now that the market has grown more comfortable with ¥150—which also was a 33-year low when the currency hit that level a year ago. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Bank of Japan Raises Economic Assessment for Six of Nine Regions
World

Bank of Japan Raises Economic Assessment for Six of Nine Regions

TOKYO—The Bank of Japan on Thursday raised its economic assessment for six of the nation’s nine regions, including the Tokyo area.The Japanese central bank maintained its view for the other regions, according to its quarterly regional economic report released at the bank’s branch managers meeting held Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8