Latest news with #Ishiba
The Mainichi
an hour ago
- Politics
- The Mainichi
Japan PM to visit Netherlands from Tuesday for NATO summit
TOKYO (Kyodo) -- Prime Minister Shigeru Ishiba will be in the Netherlands for three days from Tuesday to attend a NATO summit, the government said Friday, as Japan aims to deepen its partnership with the military alliance. It will be the fourth straight year that a sitting Japanese prime minister has participated in a NATO summit. Japan is not a NATO member but is one of the alliance's Indo-Pacific partners. Ishiba also plans to hold bilateral talks with leaders of NATO members and those of its partners while in the Hague for the summit, Chief Cabinet Secretary Yoshimasa Hayashi said. U.S. President Donald Trump is among the expected attendees at the two-day summit from Tuesday. "Given the severe security environment we face, and based on the shared view that the security of the Euro-Atlantic and that of the Indo-Pacific are inseparable, Japan, along with other partners from the region, will discuss how we can cooperate with NATO in concrete terms," Hayashi said. At a meeting in Tokyo in April, Ishiba and NATO Secretary General Mark Rutte underlined the need to strengthen the Japan-NATO partnership amid security threats from Russia and China and agreed to push for defense industry cooperation.
Kyodo News
an hour ago
- Business
- Kyodo News
Kyodo News Digest: June 19, 2025
KYODO NEWS - 23 hours ago - 23:00 | All, World, Japan The following is the latest list of selected news summaries by Kyodo News. ---------- Nippon Steel confident management freedom ensured in U.S. Steel deal TOKYO - Nippon Steel Corp.'s top executive Eiji Hashimoto said Thursday that the U.S. government's role set under its $14.1 billion buyout of United States Steel Corp. "will not hamper" the U.S. unit's business going forward. At a press conference in Tokyo, Hashimoto said $11 billion of investment in U.S. Steel operations -- 10 times more than the initial plan -- and a golden share issued to the U.S. government that allows it to veto key management decisions among other conditions are rational, even as analysts view them as downside risks to U.S. Steel's management. ---------- Japan PM Ishiba rules out lower house dissolution for now: lawmaker TOKYO - Prime Minister Shigeru Ishiba on Thursday ruled out dissolving the powerful House of Representatives for now, ensuring that elections for both chambers of parliament will not be held on the same day in July, party executives said. The decision comes as Yoshihiko Noda, head of Japan's main opposition party, said he will not submit a no-confidence motion against Ishiba's Cabinet, arguing that such a move would stall progress on key political issues. ---------- Japan to send 2 defense force planes for possible Mideast airlift TOKYO - Japan will send two Self-Defense Forces airplanes to eastern Africa for a possible operation to evacuate its nationals from the Middle East, Defense Minister Gen Nakatani said Thursday, amid the escalating Israel-Iran conflict. Nakatani told reporters that two C-2 transport aircraft with a total of about 120 crew members will fly to an SDF base in Djibouti and be on standby there, following a request from Foreign Minister Takeshi Iwaya earlier that day. ---------- Japan imperial couple commemorates A-bomb victims in Hiroshima HIROSHIMA - Japan's Emperor Naruhito and Empress Masako on Thursday visited Hiroshima to pay their respects to atomic bomb victims ahead of the 80th anniversary of the end of World War II. In their first trip to the city since the emperor's accession in 2019, the imperial couple laid white flowers and bowed deeply at a cenotaph in Hiroshima Peace Memorial Park, which holds the names of around 340,000 victims of the Aug. 6, 1945, atomic bombing. ---------- Chief organizer of Nobel Prize A-bomb survivors group steps down TOKYO - Sueichi Kido, 85, officially stepped down as secretary general of Japan's Nobel Peace Prize-winning atomic bomb survivors group Nihon Hidankyo at its annual meeting on Thursday due to ill health. Kido was 5 years old when he was exposed to the atomic bombing of Nagasaki in the final days of World War II. In 2017, he assumed the post that effectively leads the group's efforts to abolish nuclear arms and was among the delegation that accepted the Nobel Prize in Oslo in December. ---------- New Zealand pauses Cook Islands funding over deepening China ties SYDNEY - New Zealand has suspended millions of dollars in funding to the Cook Islands, the government said Thursday, as relations between the two countries deteriorate over the South Pacific island nation's deepening ties with China. A spokesman for Foreign Minister Winston Peters said in a statement that New Zealand has paused NZ$18.2 million ($10.9 million) in development assistance funding for the 2025-2026 financial year, noting such support depends on a "high trust bilateral relationship." ---------- Kyodo News endorses executive director Sawai as president TOKYO - Kyodo News formally endorsed Executive Director Toshimitsu Sawai, who previously served as chief editor of the Foreign News Section, as its president on Thursday. At an organizational meeting, Sawai, 62, who became executive director in June 2021, said, "As the media environment grows increasingly challenging in many ways, I feel a strong sense of responsibility." ---------- Knife, armor from Japan's largest ancient keyhole-shaped tomb found OSAKA - A gold-plated iron knife and armor fragments, believed to have been made with advanced 5th-century techniques, have been confirmed as coming from Japan's largest ancient keyhole-shaped tomb mound, a university said Thursday. The Daisen Kofun in Osaka Prefecture is under control of the Imperial Household Agency as the mausoleum of Emperor Nintoku, who is said to have reigned in the 4th century, but academic debate continues about who was actually buried there. Video: Hydrangea festival at Kumano Nachi Taisha shrine in western Japan
The Star
3 hours ago
- Business
- The Star
Rice prices double in Japan as inflation accelerates
A customer purchases a bag of government stockpiled rice on sale in a section of convenience store chain Seven-Eleven Japan in Tokyo on June 17, 2025. The price of rice went up 101 per cent on-year in May. - AFP TOKYO: Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday (June 20), posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. The vote for parliament's upper house, due next month, is crucial for Ishiba after public support for his government tumbled to its lowest level since he took office in October, partly due to frustration over the cost of living. In May, Japan's core inflation rate, which excludes volatile fresh food prices, hit 3.7 per cent - its highest level since January 2023 - interior ministry data showed. The figure narrowly beat market expectations and was up from a 3.5 per cent year-on-year rise logged in April. Rice was more than twice as expensive as a year previously - despite the government releasing its emergency stockpile of the staple grain to try to bring its price down. A supply chain snarl-up has caused a shortage of rice in shops, with the grain's price up 101 per cent on-year in May, compared to the eye-watering 98 per cent rise in April. The government began releasing stockpiles in February in an attempt to drive down prices, something it has only previously done during disasters. Electricity bills were 11.3 per cent higher in May, and gas fees rose 5.4 per cent, according to Friday's data. Excluding energy and fresh food, Japan's consumer price index (CPI) rose 3.3 per cent, compared to April's 3.0 per cent. To help households combat inflation, Ishiba has pledged cash handouts of 20,000 yen (US$139) for every citizen, and twice as much for children, ahead of the election. The 68-year-old leader's coalition was deprived of a majority in the powerful lower house in October as voters vented their anger at rising prices and political scandals. It was the worst election result in 15 years for the Liberal Democratic Party (LDP), which has governed Japan almost continuously since 1955. Earlier this week the Bank of Japan kept its interest rates unchanged and said it would taper its purchase of government bonds at a slower pace, as trade uncertainty threatens to weigh on the world's number four economy. "Policy flip-flops and delayed pass-through from producers to consumers mean inflation will slow only gradually in the coming months," said Stefan Angrick of Moody's Analytics. "This will keep a sustained pickup in real wages out of reach, and with it a meaningful uptick in consumption." Factors behind the rice shortages include an intensely hot and dry summer two years ago that damaged harvests nationwide. Since then some traders have been hoarding rice in a bid to boost their profits down the line, experts say. The issue was made worse by panic-buying last year prompted by a government warning about a potential "megaquake" that did not strike. Going forward, US tariffs are expected to weigh on Japan's growth, with economists predicting a slowdown ahead. Intensifying fighting between Iran and Israel was also adding pressure for energy prices to head north, posing a further risk to the Japanese economy. - AFP
Eyewitness News
6 hours ago
- Business
- Eyewitness News
Rice prices double in Japan as inflation accelerates
TOKYO - Rice prices doubled last month in Japan as core inflation accelerated, official data showed Friday, posing a threat to Prime Minister Shigeru Ishiba ahead of July elections. The vote for parliament's upper house, due next month, is crucial for Ishiba after public support for his government tumbled to its lowest level since he took office in October, partly due to frustration over the cost of living. In May, Japan's core inflation rate, which excludes volatile fresh food prices, hit 3.7 percent - its highest level since January 2023 - interior ministry data showed. The figure narrowly beat market expectations and was up from a 3.5 percent year-on-year rise logged in April. Rice was more than twice as expensive as a year previously - despite the government releasing its emergency stockpile of the staple grain to try to bring its price down. A supply chain snarl-up has caused a shortage of rice in shops, with the grain's price up 101 percent on-year in May, compared to the eye-watering 98 percent rise in April. The government began releasing stockpiles in February in an attempt to drive down prices, something it has only previously done during disasters. Electricity bills were 11.3 percent higher in May, and gas fees rose 5.4 percent, according to Friday's data. Excluding energy and fresh food, Japan's consumer price index (CPI) rose 3.3 percent, compared to April's 3.0 percent. CASH HANDOUTS To help households combat inflation, Ishiba has pledged cash handouts of 20,000 yen ($139) for every citizen, and twice as much for children, ahead of the election. The 68-year-old leader's coalition was deprived of a majority in the powerful lower house in October as voters vented their anger at rising prices and political scandals. It was the worst election result in 15 years for the Liberal Democratic Party (LDP), which has governed Japan almost continuously since 1955. Earlier this week the Bank of Japan kept its interest rates unchanged and said it would taper its purchase of government bonds at a slower pace, as trade uncertainty threatens to weigh on the world's number four economy. "Policy flip-flops and delayed pass-through from producers to consumers mean inflation will slow only gradually in the coming months," said Stefan Angrick of Moody's Analytics. "This will keep a sustained pickup in real wages out of reach, and with it a meaningful uptick in consumption." Factors behind the rice shortages include an intensely hot and dry summer two years ago that damaged harvests nationwide. Since then some traders have been hoarding rice in a bid to boost their profits down the line, experts say. The issue was made worse by panic-buying last year prompted by a government warning about a potential "megaquake" that did not strike. Going forward, US tariffs are expected to weigh on Japan's growth, with economists predicting a slowdown ahead. Intensifying fighting between Iran and Israel was also adding pressure for energy prices to head north, posing a further risk to the Japanese economy.
eNCA
6 hours ago
- Business
- eNCA
Rice prices double as Japan's core inflation hits 3.7%
TOKYO - Japan's core inflation rate accelerated to 3.7 percent in May, posing a threat to Prime Minister Shigeru Ishiba's leadership ahead of July elections. Rice prices were more than twice as high as they were a year previously, despite the government releasing its emergency stockpile of the staple grain. Frustration over inflation threatens to deal a blow to Ishiba's ruling Liberal Democratic Party next month, when an election for parliament's upper house is due. Friday's data, which excludes volatile fresh food prices, beat market expectations and was up from the 3.5 percent year-on-year rise logged in April. Prices rose for a variety of food products, including non-fresh items, ranging from coffee to chocolate. Electricity bills were 11.3 percent more expensive, and gas fees rose 5.4 percent. Ishiba has pledged cash handouts of 20,000 yen ($139) for every citizen -- doubling it for children -- to help households combat inflation ahead of the July elections. The race is crucial to Ishiba after public support for his government tumbled to its lowest level since he took office in October, which observers say was partly caused by a surge in inflation and soaring rice costs. Rice shortages, caused by a supply chain snarl-up, mean the price of the grain was up 101 percent in May, compared to the eye-watering 98 percent rise seen in April. The government began releasing stockpiles in February in an attempt to drive down prices -- something it has only previously done during disasters. A mosaic of factors lies behind the rice shortages, including an intensely hot and dry summer two years ago that damaged harvests nationwide. Since then some traders have been hoarding rice in a bid to boost their profits down the line, experts say. The issue was made worse by panic-buying last year prompted by a government warning about a potential "megaquake" that did not strike. Going forward, US tariffs are expected to weigh on Japan Inc, with economists predicting a slowdown ahead. Intensifying fighting between Iran and Israel was also adding pressure for energy prices to head north, posing a further risk to the Japanese economy. Earlier this week the Bank of Japan kept its interest rates unchanged and said it would taper its purchase of government bonds at a slower pace, as trade uncertainty threatens to weigh on the world's number four economy.
