News

Defense Ministers of Japan and the United States will attend a memorial service together on Iwo Jima, symbolizing reconciliation and the strength of their alliance 80 years after the end of World War II. The joint attendance signifies the transformation of their relationship from former enemies to steadfast allies, promoting peace and stability in the Indo-Pacific region.

Japan's Prime Minister Shigeru Ishiba defended his country's defense budget against pressure from the US, stating that Japan decides its own budget and prioritizes quality over quantity. This comes after the US nominee for under secretary of defense for policy urged Japan to increase its defense spending to counter China.

Asian shares mostly rose on Tuesday, buoyed by another rally on Wall Street and positive sentiment from Warren Buffett's increased investments in Japanese trading companies. Investors are now looking ahead to key monetary policy decisions from the Bank of Japan and the U.S. Federal Reserve, which could impact market direction in the coming days.

Chinese and Korean electric vehicles are making inroads in Japan's market, challenging the dominance of hybrid vehicles and European imports. These foreign automakers are showcasing their latest EV models at the Tokyo Auto Salon, aiming to attract new customers and expand their presence in the Japanese market.

Intuitive Machines' Athena lander touched down on the Moon on Thursday, but its orientation remains unclear, potentially jeopardizing its scientific mission. This marks the second lunar landing this week under NASA's commercial lunar delivery program, with the previous landing by Firefly Aerospace being a complete success.