SoftBank Group swung to a quarterly profit, riding on gains from its bets on Nvidia and startups in a boon for founder Masayoshi Son’s bets on artificial intelligence technologies. https://www.japantimes.co.jp/business/2025/08/07/softbank-profit-ai-bet/?utm_medium=Social&utm_source=mastodon #business #masayoshison #softbank #nvidia #tsmc
Toyota Motor has lowered its annual guidance as it warned of a ¥1.4 trillion hit to operating income from U.S. tariffs that have rattled the global automotive industry. https://www.japantimes.co.jp/business/2025/08/07/companies/toyota-cuts-outlook/?utm_medium=Social&utm_source=mastodon #business #companies #toyota #carmakers #cars #tariffs #donaldtrump #honda
The Greek government plans to develop a home-grown industry that will mass produce drone and anti-drone systems — part of a €30 billion program aimed at modernizing the country's armed forces by 2036. https://www.japantimes.co.jp/business/2025/08/07/tech/anti-drone-greek-defense-industry/?utm_medium=Social&utm_source=mastodon #business #tech #greece #turkey #drones #tech #defense
Tokyo Electron said Thursday it’s fired an employee at its Taipei unit after the island’s government arrested six people suspected of stealing trade secrets from TSMC. https://www.japantimes.co.jp/business/2025/08/07/companies/tokyo-electron-tsmc-tech-stealing/?utm_medium=Social&utm_source=mastodon #business #companies #tokyoelectron #tsmc #chipmakers
Sony Group has raised its earnings forecast following a strong showing from its entertainment divisions that outweighed the threat of new U.S. tariffs on chips. https://www.japantimes.co.jp/business/2025/08/07/companies/sony-outlook-entertainment-demand/?utm_medium=Social&utm_source=mastodon #business #companies #sony #tech #playstation #music #japanesefilm #tariffs #donaldtrump
The United States imposes a 15% 'reciprocal' tariff on most Japanese goods as the two sides disagree about the method of its calculation. https://www.japantimes.co.jp/business/2025/08/07/economy/reciprocal-tariff-effective/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent
Japan’s civil servants are set to receive the biggest pay increase in 34 years, a move that could further reinforce the virtuous cycle of wage and price growth long sought by the Bank of Japan. https://www.japantimes.co.jp/business/2025/08/07/japan-public-worker-pay-hike/?utm_medium=Social&utm_source=mastodon #business #wages #inflation #japaneseeconomy #boj #nationalpersonnelauthority
South Korea's top trade envoy has said that Samsung Electronics and SK Hynix won't be subject to 100% U.S. tariffs on chips, with the country benefiting from favorable rates on chips under its deal with Washington. https://www.japantimes.co.jp/business/2025/08/07/tech/south-korea-samsung-sk-hynix-tariffs/?utm_medium=Social&utm_source=mastodon #business #tech #southkorea #samsung #skhynix #us #donaldtrump #trade #tariffs #republicans #semiconductors
Japan's inheritance tax is high, unforgiving and sometimes avoidable for foreigners who are residents in the country. https://www.japantimes.co.jp/business/2025/08/07/economy/japanese-inheritance-tax/?utm_medium=Social&utm_source=mastodon #business #economy #foreignworkers #expats #taxes #inheritancetax #foreignresidents #immigration #permanentresidency
Major Japanese firms have agreed to increase monthly pay through pay scale hikes and regular raises by 5.39%, or ¥19,195, on average in this year's wage negotiations, a tally by the Japan Business Federation shows. https://www.japantimes.co.jp/business/2025/08/07/companies/japan-large-firms-pay-hikes/?utm_medium=Social&utm_source=mastodon #business #companies #wages #keidanren #shunto
Airbnb issued a better-than-expected outlook for the third quarter as it saw encouraging summer travel demand, but warned that growth rates may not keep up later this year due to tough year-ago comparisons. https://www.japantimes.co.jp/business/2025/08/07/tech/airbnb-outlook-growth/?utm_medium=Social&utm_source=mastodon #business #tech #airbnb #tourism #tech
Yomeishu Seizo, a Japanese medicinal liqueur manufacturer, is considering going private and has received acquisition proposals from several investment funds. https://www.japantimes.co.jp/business/2025/08/07/companies/japan-liquor-maker-yomeishu-going-private/?utm_medium=Social&utm_source=mastodon #business #companies #yomeishuseizo #stocks #acquisitions
U.S. President Donald Trump says he will impose a 100% tariff on semiconductor imports, though companies moving production back to the United States will be exempted. https://www.japantimes.co.jp/business/2025/08/07/tech/trump-chips-tariff-apple/?utm_medium=Social&utm_source=mastodon #business #tech #timcook #semiconductors #apple #us #donaldtrump #trade #tariffs
Honda raised its annual profit forecast even as its quarterly figure took a hit from U.S. President Donald Trump’s tariffs on cars and car parts imported to the United States. https://www.japantimes.co.jp/business/2025/08/06/companies/honda-raises-profit-forecast/?utm_medium=Social&utm_source=mastodon #business #companies #honda #carmakers #us #tariffs #trade
The Bank of Japan must be cautious about raising interest rates given the expected hit from U.S. tariffs on the fragile economy, ruling party heavyweight Ken Saito said. https://www.japantimes.co.jp/business/2025/08/06/economy/ldp-heavyweight-ken-saito-warns-against-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #inflation #boj #tariffs #us
The vision for EU naysayers in Switzerland of a nimble nation trading freely with the rest of the world isn’t looking so good anymore as the U.S. slapped 39% tariffs on their exports. https://www.japantimes.co.jp/business/2025/08/06/economy/switzerland-trump-tariff-shock/?utm_medium=Social&utm_source=mastodon #business #economy #switzerland #eu #europe
U.S. President Donald Trump said the $550 billion of investment pledged by Japan is 'our money' and that he is free to deploy it as he wishes. https://www.japantimes.co.jp/business/2025/08/06/economy/trump-money-is-ours/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent
Liberal Democratic Party member Taro Kono added his voice to those calling for the Bank of Japan to tighten monetary policy to bolster the yen. https://www.japantimes.co.jp/business/2025/08/06/economy/kono-urges-boj-to-tighten-monetary-policy/?utm_medium=Social&utm_source=mastodon #business #economy #tarokono #ldp #boj #inflation
Australia’s internet watchdog says social media firms are still "turning a blind eye” to online child sex abuse material on their platforms, singling out YouTube as having been unresponsive to its inquiries. https://www.japantimes.co.jp/business/2025/08/06/tech/australia-regulator-youtube-child-abuse/?utm_medium=Social&utm_source=mastodon #business #tech #youtube #australia #socialmedia #children #childabuse #apple #google #alphabet #meta #snap #whatsapp
Mazda swung to a consolidated net loss of ¥42.1 billion in the April-June period due to steep U.S. tariffs and a stronger yen. https://www.japantimes.co.jp/business/2025/08/06/companies/mazda-net-loss/?utm_medium=Social&utm_source=mastodon #business #companies #mazda #carmakers #tariffs #donaldtrump #us #yen