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Suzuki to Expand Dealership Network in India by 70%

TOKYO - Suzuki plans to increase its car dealerships in India by 70% to around 6,800 stores by the fiscal year 2030, according to a report by the Nikkei. The automaker has been contracting with local companies to expand its network, adding approximately 200 dealerships annually in recent years.

Starting from the fiscal year 2025, Suzuki aims to accelerate its pace, opening an average of 500 stores per year. The company is targeting nationwide network expansion by establishing outlets in regional cities, where rising income levels are expected amid India's growing population.

Source: テレ東BIZ

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Typhoon No. 15 continued moving west across central Japan on August 12, but heavy rain, strong winds and thunderstorms remained a threat far from the storm's center, with intense rainfall reported in parts of Tokyo and damage including fallen and broken trees in Ibaraki and Tochigi prefectures.

Hiroko Saito was 19 years old when she left Japan for North Korea in June 1961 with her Korean husband and their one-year-old daughter, persuaded by assurances that they were heading to a "paradise on earth" and that she could return to Japan after three years. Instead, she would spend four decades in North Korea, enduring chronic hunger, the deaths of her husband and children and a desperate struggle to survive before finally escaping and returning home in 2001.

Transport disruption caused by Typhoon No. 15 was easing across eastern Japan on the morning of August 12, with most major railway and airline services returning to normal after dozens of flight cancellations and widespread rail disruption during the storm's landfall in Ibaraki Prefecture the previous evening.

Japan's H3 Rocket No. 9 successfully placed the Michibiki No. 7 navigation satellite into its planned orbit after lifting off from the Tanegashima Space Center in Kagoshima Prefecture at 4:23 a.m. on August 11, marking the country's second consecutive successful H3 launch.

The Tokaido Shinkansen operated its first overnight service ahead of the Obon holiday period, offering travelers a 15,000 yen trip from the Tokyo area to Kyoto and Shin-Osaka while allowing them to save on hotel costs and arrive earlier than the first regular morning trains.

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Sony Group and Taiwan Semiconductor Manufacturing Co. announced on August 11 that they have formally agreed to jointly produce next-generation image sensors, with total investment expected to reach about 1 trillion yen and mass production scheduled to begin in Kumamoto Prefecture in 2029.

Japan's street-level economic sentiment improved for a third consecutive month in July, supported by sharply hotter weather after the end of the rainy season and the start of the summer vacation period, with stronger sales of products including men's parasols and air conditioners.

Tokyo stocks rose on August 10, with the Nikkei 225 closing at 66,376.25, up 1.2%, as investors bought electronics, metals and artificial intelligence-related shares, while fresh signs of a more hawkish Bank of Japan debate kept attention on the yen, bond yields and the timing of the next rate increase.

Japan recorded a current account deficit of 92.3 billion yen in June, its first shortfall in 17 months, as a sharp increase in import costs outpaced growth in exports.

Several Bank of Japan policymakers have signaled support for accelerating interest rate increases, with one member warning that the pace of hikes could become faster than financial markets currently expect as the central bank pays greater attention to upside inflation risks.

A repeat of the sharp yen appreciation seen in the summer of 2024 is unlikely under current conditions, with persistently high U.S. interest rates and continued structural pressure on Japan's currency making another rapid surge difficult, according to UBS wealth management chief investment officer Daiju Aoki.

Japanese companies delivered a wave of strong earnings on August 7, with Fujikura, Recruit Holdings, INPEX and several other major groups raising forecasts as artificial intelligence investment, higher resource prices and resilient consumer demand lifted profits.

Tokyo stocks ended slightly lower on August 7, with the Nikkei 225 closing at 65,606.71, down 76.55 points, or 0.12%, as selling in chip-related and artificial intelligence-linked shares outweighed solid buying in the broader market and a late recovery led by Fujikura.