News

Nissan's board is considering replacing CEO Makoto Uchida due to the company's weak performance, with CFO Jeremie Papin and CPO Ivan Espinosa among potential successors. The move comes amidst a turbulent period for Nissan, including the collapse of merger talks with Honda and speculation about an investment from Taiwan's Foxconn.

Canadian convenience store giant Alimentation Couche-Tard is exploring the sale of some of its U.S. stores to address regulatory concerns and facilitate a potential $47 billion acquisition of Japan's Seven & i Holdings, the owner of 7-Eleven convenience stores. However, Seven & i remains opposed to the bid, citing U.S. antitrust laws as a major obstacle.

Chief Cabinet Secretary Yoshimasa Hayashi met with Okinawa Governor Denny Tamaki to discuss concerns about sexual assaults by U.S. military personnel and the return of land from U.S. military control to Japan. Tamaki demanded more serious preventative measures against sexual violence and emphasized the excessive burden Okinawa bears in hosting U.S. military bases.

Japan's space agency, JAXA, plans to increase the launch frequency of its H3 rockets to at least seven per year from the Tanegashima Space Center, aiming to achieve one-month intervals and enhance international competitiveness. To achieve this, JAXA is investing in infrastructure upgrades at the space center, including expanding liquid oxygen storage and assembly buildings, and introducing new instruments for faster rocket assembly.

Alimentation Couche-Tard, the Canadian convenience store giant, is facing an uphill battle in its bid to acquire Seven & i Holdings, the Japanese owner of the 7-Eleven chain. The deal, which would be the biggest foreign buyout in Japanese history, is facing antitrust scrutiny in the United States and resistance from Seven & i, which has laid out its own restructuring plan as an alternative.