The industry ministry said on Tuesday it would extend subsidies worth as much as ¥242.9 billion ($1.64 billion) for Bain Capital-backed Kioxia and Western Digital to expand memory chip production in Mie and Iwate prefectures. The funding provides underpinning for the two companies, which have been hammered by a slump in the market for NAND … Read more
Public prosecutors have questioned former industry minister Yasutoshi Nishimura on a voluntary basis over the slush funds scandal that is rocking the biggest faction of the country’s ruling Liberal Democratic Party, it was learned Saturday. Nishimura is the sixth senior member of the faction to have been questioned by the special squad of the Tokyo … Read more
Japan announced expanded sanctions on Friday over Moscow’s invasion of Ukraine, revealing dozens of newly sanctioned firms and other organizations, including export bans against some outside Russia and its ally Belarus. Tokyo added to its sanctions list 57 organizations in Russia and six others in countries including the United Arab Emirates, Armenia, Syria and Uzbekistan, … Read more
The government is asking liquefied natural gas importers to secure new decadeslong supply deals under efforts to boost energy security. The Ministry of Economy, Trade and Industry has been meeting with Japanese buyers, as well as overseas suppliers, to urge the signing of more long-term LNG contracts, according to people with knowledge of the discussions. … Read more
Kyiv – Two Japanese state ministers, along with a business delegation, have visited Ukraine to examine requests for Japanese contributions to the future reconstruction of the war-torn country, the Foreign Ministry said Monday. Kiyoto Tsuji, a state minister for foreign affairs, and Kazuchika Iwata, a state minister of economy, trade and industry, met with Ukrainian … Read more