Latest Tokyo News
Asia slightly higher despite Wall Street slump, virus fears
TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus pandemic, as reflected in the overnight fall on Wall Street. Japan's benchmark Nikkei 225 was little changed but inched up less than 0.1% in...
New Japanese PM gets word out: He supports Tokyo Olympics
TOKYO (AP) — Japan’s new prime minister has gotten the word out to the president of the International Olympic Committee that he is behind next year’s delayed Tokyo Games. Yoshiro Mori, the head of the local organizing committee and also a former prime minister, said Prime Minister Yoshihide...
Asian stocks retreat on lack of new Fed action
Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans. Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated. Wall Street's benchmark S&P 500 index...
Yoshihide Suga named Japan's prime minister, succeeding Abe
TOKYO (AP) — Japan's Parliament elected Yoshihide Suga as prime minister Wednesday, replacing long-serving leader Shinzo Abe with his right-hand man. Suga bowed deeply several times when the results were announced, as fellow governing party lawmakers applauded in parliament's more powerful lower house. He...
New Japanese Cabinet retains most key ministers
TOKYO (AP) — New Japanese Prime Minister Yoshihide Suga, elected by parliament on Wednesday after pledging to pursue his predecessor Shinzo Abe's policies, formed a 20-member Cabinet that retains many previous ministers. Here are some key appointees: ___ DEFENSE MINISTER: Nobuo Kishi (new) — Former...
End of Abe era leaves Japan still searching for way forward
MITO, Japan (AP) — Among the challenges awaiting newly appointed Japanese Prime Minister Yoshihide Suga is the urgent challenge of how to keep the world’s third largest economy growing as its population ages and shrinks. Yoshihide Suga, Abe’s former chief spokesman, was appointed prime...
Japan's new PM Yoshihide Suga, self-made and strong-willed
TOKYO (AP) — Before he got Japan's top government job, Yoshihide Suga was known as a “shadow" prime minister and the right-hand man for his long-serving predecessor. When Shinzo Abe announced last month he would resign due to ill health, his chief Cabinet secretary, Suga, said he would come forward...
Asian shares mostly higher after Wall Street gains
Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. Benchmarks rose modestly in Tokyo, Hong Kong and Seoul but the Shanghai Composite index was almost flat. Investors are awaiting the outcome of the U.S. Federal Reserve...
Analysis: With Abe's exit, Seoul seeks to mend Japan ties
SEOUL, South Korea (AP) — It took a bombshell resignation before Japanese Prime Minister Shinzo Abe heard anything nice from South Korea. The rare praise came after years of diplomatic rows and testy confrontations between Abe and South Korean President Moon Jae-in, and only after the Japanese prime...
Tokyo, IOC dismiss study showing Olympic costs rising
TOKYO (AP) — The CEO of the Tokyo Olympics and the IOC member in charge of Japan's games have dismissed a new study from the University of Oxford that finds Tokyo is the most expensive Summer Games since 1960. Tokyo, postponed to 2021 because of the coronavirus pandemic, is only a small part of economist...
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