Asian markets were mixed on Tuesday, with Chinese markets retreating after a broad rally on Wall Street fueled by hopes the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week. The S&P 500 jumped 1.8% on Monday, but remains down 1.9% for the year due to concerns that a trade war could hinder economic growth and increase inflationary pressures.
Despite billions in government subsidies fueling industrial park development in Fukushima, most workers haven't returned, leaving the region struggling to recover from the nuclear disaster. The government's continued support is crucial, but long-term solutions are needed to attract and retain young people.
Japan's auto industry is bracing for potential US tariffs on imported vehicles, with concerns about production adjustments and the impact on the US economy. The industry emphasizes its significant contributions to the US through employment and investment, highlighting the importance of the US market as the top export destination.
The Osaka Kansai Expo features the world's first hydrogen-powered vending machine, generating its own electricity through a chemical reaction between oxygen and hydrogen, resulting in zero carbon emissions and reduced energy consumption. This innovative technology offers a glimpse into a more sustainable future for vending machines, potentially paving the way for wider adoption as hydrogen infrastructure develops.
Toyota has postponed the construction of a lithium-ion battery factory in Fukuoka Prefecture, Japan, citing sluggish demand for electric vehicles in the global market and higher construction costs due to rising material and labor expenses. The company is also considering delaying the release of its first next-generation electric vehicle model, a sedan from the luxury Lexus brand, to ensure the quality of new technologies involved.