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 leadership change comes amidst a turbulent period for Nissan, including the collapse of merger talks with Honda and speculation about an investment from Taiwan's Foxconn.

Asian markets surged on Monday, following a strong rally in US stocks and positive economic data from China. The US stock market rebounded on Friday after experiencing its first "correction" since 2023, with gains attributed to stronger-than-expected earnings, progress in the Senate to prevent a government shutdown, and a rebound in Big Tech stocks.

Opposition leaders in Japan are demanding Prime Minister Shigeru Ishiba's explanation for gifting 100,000 yen certificates to 15 rookie lawmakers, citing potential violations of the Political Fund Control Law and the involvement of high-ranking officials in the politically-charged dinner meeting. The controversy has further tarnished the LDP's image amidst existing criticism over unreported political funds.

Narita Airport is preparing for expansion to accommodate increasing flight demand, aiming to raise its annual takeoff and landing cap to 340,000 in October 2023 and eventually to 500,000. However, the plan faces challenges such as human resource shortages, safety concerns, and noise pollution from surrounding communities.

Japan's new energy policy prioritizes nuclear power and renewables to meet rising electricity demand and achieve decarbonization goals, despite concerns about safety and waste disposal. The government aims to increase nuclear's share to 20% and renewables to 40-50% by 2040, while reducing reliance on thermal power.