German drugmaker Boehringer eyes Japan as Asia hub with $346m investment
TOKYO -- German drugmaker Boehringer Ingelheim plans to invest a total of 300 million euros ($346 million) in its plant in Japan from 2023 to 2028 as it moves to make the facility a production base for Asia and Oceania.
The plant, in the country's northeastern prefecture of Yamagata, currently produces the diabetes and kidney disease treatment drug Jardiance, mainly for the domestic market.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Japan Today
4 hours ago
- Japan Today
Olympic leader Bach's $350,000 pay package in 2024 trails far behind soccer's elected leaders
FILE - IOC President Thomas Bach, right, greets Kirsty Coventry after she was announced as the new IOC President at the International Olympic Committee 144th session in Costa Navarino, western Greece, Thursday, March 20, 2025. (AP Photo/Thanassis Stavrakis, File) By GRAHAM DUNBAR The International Olympic Committee paid its president Thomas Bach $350,000 in income and expenses in 2024, his final full year in office. The sum included a salary-like payment — or 'indemnity' in Olympic language — of 275,000 euros ($317,000), according to its annual report Friday. That is a relatively small figure compared to soccer bodies that, like the IOC, are based in Switzerland and count annual revenue in billions. Bach on Monday will formally hand over to president-elect Kirsty Coventry, who will start an eight-year initial term as the Olympic body's first female leader, and first from Africa. The IOC has classed the 71-year-old Bach as a volunteer on a full-time executive mission who 'should not have to finance activities related to his function from his personal savings.' Bach's earnings were less than 10% of what soccer gives its top elected officials. FIFA paid its president Gianni Infantino $5.2 million in taxable salary and bonus last year, plus other expenses. He is also among the 109 IOC members and can claim $7,000 each year for office costs and $450 daily allowance when on Olympic business. UEFA president Aleksander Čeferin received almost $4.3 million in taxable income last year, including $300,000 from FIFA as one of its vice presidents. It is unclear if the 41-year-old Coventry will be a salaried president of the IOC instead of officially a volunteer. The two-time Olympic champion in swimming left her job as sports minister of Zimbabwe after winning the seven-candidate IOC election in March. The presidential indemnity likely will be reviewed later this year, the IOC said Friday. Bach's annual payment has been decided by the IOC's ethics commission on the stated principle 'the president should not financially benefit from his position.' The German lawyer held a series of business consultancies and board of director seats before being elected in 2013 to lead the IOC. The IOC paid Bach 225,000 euros ($259,000) in 2020. It rose to 275,000 euros ($317,000) in the year of his re-election, 2021, then was frozen for the rest of his second term of four years until reaching the maximum 12 years in office. International sports bodies have typically published details of leadership pay as part of governance reforms, particularly after corruption scandals in soccer. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Nikkei Asia
19 hours ago
- Nikkei Asia
German drugmaker Boehringer eyes Japan as Asia hub with $346m investment
TOKYO -- German drugmaker Boehringer Ingelheim plans to invest a total of 300 million euros ($346 million) in its plant in Japan from 2023 to 2028 as it moves to make the facility a production base for Asia and Oceania. The plant, in the country's northeastern prefecture of Yamagata, currently produces the diabetes and kidney disease treatment drug Jardiance, mainly for the domestic market.
Japan Today
3 days ago
- Japan Today
Ishiba says disagreements remain with U.S. on tariffs; Trump calls Japan 'tough'
By Tim Kelly Japanese Prime Minister Shigeru Ishiba said his country has not reached a comprehensive tariff agreement with the United States as some disagreements persist between the two nations. Ishiba, talking to reporters after the Group of Seven leaders' summit in Canada on Tuesday, emphasised the importance of securing a trade deal that benefits both countries while safeguarding Japan's national interests. Ishiba, who was at his first G7 summit as prime minister, held tariff talks U.S. President Donald Trump on Monday, but the meeting ended without an agreement to lower or eliminate the 25% tariff Trump has imposed on Japanese auto imports. Ishiba said U.S. tariff measures were impacting the earnings of many Japanese companies, including those in the automobile sector, while causing a significant impact on the global economy. "Both Japan and the United States have continued sincere discussions, exploring the possibility of an agreement until the last moment," he said. But Ishiba added there still remain points of disagreement between the two sides. Trump on Tuesday said Japan was being "tough" in trade talks. But he also said there was a chance of a trade deal between Washington and Japan. "They're tough, the Japanese are tough, but ultimately you have to understand we're just going to send a letter saying 'this is what you're going to pay, otherwise you don't have to do business with us'. But there's a chance," he said. Ishiba's news conference in Calgary, Canada was held following a gathering of G7 leaders at the nearby Kananaskis mountain resort in the Canadian Rockies. Ishiba also met other leaders for bilateral talks including his first meeting with German Chancellor Friedrich Merz. The Japanese leader also discussed security relations with South Korean President Lee Jae-myung before heading back to Tokyo. The summit ended without a joint statement of support from the group for Ukraine after U.S. President Donald Trump expressed support for Russian President Vladimir Putin and left the event a day early to address the Israel-Iran conflict. On the Middle East, Ishiba said he had told G7 leaders that Iran's nuclear development was "never tolerable" while stressing the importance of diplomatic efforts through dialogue. Ishiba will participate in the NATO Summit in the Netherlands next week, he added. © Thomson Reuters 2025.
