News

Hirofumi Yoshimura, co-leader of Nippon Ishin, will run for party president to replace Nobuyuki Baba, who is stepping down after the party's disappointing performance in the Lower House election. Yoshimura's candidacy comes amidst calls within the party for him to take the helm and expand its influence beyond its stronghold in the Kansai region.

U.S. stock futures and the dollar saw an increase in Asia as the U.S. presidential election remained too close to call, with early results showing a split between Republican Donald Trump and Democrat Kamala Harris. The uncertainty in the election results led to fluctuations in Treasury yields, futures markets projecting a Federal Reserve interest rate cut, and different reactions in various financial markets.

Nissan reported a financial loss for the latest fiscal quarter, leading to a decision to cut 9,000 jobs and reduce global production capacity by 20%. Chief Executive Makoto Uchida is taking a 50% pay cut to take responsibility for the poor results and has promised a restructuring of the business to be leaner and more resilient.

Researchers from Kyoto University and Arkray Inc. have developed a highly accurate method utilizing artificial intelligence to detect early signs of pancreatic cancer, a notoriously difficult cancer to diagnose in its initial stages. By testing microRNAs in blood samples and combining them with a conventional tumor marker, they achieved a significant increase in detection rates, especially in the earliest stages of the disease.

Honda Motor Co. reported a nearly 20% decline in profits for the first half of its fiscal year, citing reduced sales in China, increased warranty and quality-related expenses, and unfavorable foreign exchange fluctuations. The company lowered its profit forecast for the year to 950 billion yen ($6.2 billion), down from its previous estimate of 1 trillion yen ($6.6 billion).