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Japan plans to increase its foreign direct investment target to 150 trillion yen ($1.05 trillion) by the mid-2030s, a 20% rise from the previous goal of 100 trillion yen by 2030. This initiative aims to attract foreign firms to key sectors like decarbonisation, stimulate regional economies, and create jobs outside major urban areas. The new targets will be included in upcoming fiscal and economic policy guidelines.
[Bloomberg]
Japanese Prime Minister Shigeru Ishiba is contemplating a visit to Washington to discuss trade tariffs with President Donald Trump ahead of the G7 summit. This comes as Japan seeks to avoid a 24% reciprocal tariff on its exports and an exemption for its automotive industry from a proposed 25% tariff. The negotiations reflect ongoing trade tensions reminiscent of past US-Japan relations, with significant implications for both economies and their strategic alliance.
Matcha is rapidly gaining popularity in the Middle East, particularly in Dubai, Abu Dhabi, and Riyadh, where specialty cafes are blending it with traditional beverages like karak chai. Driven by health-conscious millennials and a booming wellness culture, the matcha market in the region is projected to grow significantly, despite challenges in supply and cultural competition with established coffee traditions. As Japan faces production shortages due to soaring global demand, local businesses are encouraged to foster direct relationships with tea growers to ensure quality and availability.
Nissan's Dongfeng Nissan has achieved significant success in China's EV market with the launch of the N7 sedan, securing 17,215 firm orders within 35 days. Priced starting at RMB 119,900 ($16,650), the N7 features five variants and is built on the Tianyan architecture, catering to local consumer preferences. This model marks a notable comeback for joint-venture automakers in a competitive landscape increasingly dominated by domestic brands.
Nintendo is set to release its upgraded console, the Switch 2, aiming to replicate the success of its predecessor, which sold 152 million units since 2017. With a larger screen and enhanced processing power, strong early sales are anticipated despite challenges like US trade tariff uncertainties.
Nvidia's stock surged while the broader market showed mixed results following a US court's decision to block many of Trump's tariffs. The S&P 500 rose 0.3% in midday trading, the Dow Jones fell by 56 points, and the Nasdaq composite increased by 0.6%, reflecting a shift after an initial rally in Asian markets.
[Bloomberg]
Matcha, once exclusive to Japanese tea ceremonies, is gaining traction in the Middle East, driven by health-conscious millennials and a vibrant cafe culture. While it offers a gentler energy boost compared to coffee, its earthy flavor may challenge traditional preferences. The region's matcha market is projected to grow significantly, aligning with Saudi Arabia's Vision 2030 initiative to diversify its economy and embrace innovative food and beverage trends.
The Asia Economic Summit is poised to be a pivotal event, attracting C-suite executives, investors, and government leaders for a day of strategic discussions and networking opportunities. Attendees will gain insights from main-stage sessions, engage in executive roundtables, and enjoy curated meals designed to foster meaningful connections. Recent funding trends highlight a significant focus on climate tech, with notable investments in startups addressing carbon removal and sustainability.
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Japan targets 1 trillion dollars in foreign investment by mid 2030s
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