News

Japan is scrambling to avoid a 25% tariff on its auto exports to the US by exploring options like relaxing non-tariff barriers and increasing imports of American products. However, with no exemption granted and economists predicting significant economic pain, the future of the Japanese auto industry remains uncertain.

Asian markets showed mixed performances on Friday as investor uncertainty over U.S. trade policies, particularly those tied to President Trump’s actions, influenced global equities. The report detailed fluctuating stock indices across Asia and Wall Street along with shifts in commodity prices, reflecting a complex economic environment impacted by varied regional developments.

Toyota Motor Corporation has postponed the construction of a lithium-ion battery factory in Fukuoka Prefecture due to sluggish demand for electric vehicles in the global market and higher construction costs. The company is also considering pushing back the release date of its first next-generation EV model to ensure the quality of new technologies.

Asian stock markets tumbled amid concerns over U.S. President Trump's plan to impose a 25% tariff on auto imports, sparking steep declines in major indices across Tokyo, Seoul, Hong Kong, and Shanghai. The potential for further tariffs and the likelihood of a policy rate hike by the Bank of Japan added to the market instability, while differing impacts were seen among automakers, with U.S. electric vehicle companies faring better.

Starbucks recently hosted a barista experience event in Nagoya, where manager Yuta Tanaka demonstrated precise coffee-making techniques to a group of senior participants. The initiative is part of a broader strategy by Starbucks Coffee Japan to broaden its customer base and foster closer ties with the local community through engaging, hands-on activities.