Asia business new today japan

Here are some of the top business news stories from Japan and Asia today:

Japan

  1. Toyota to invest $13.5 billion in US battery production: Toyota Motor Corp. announced plans to invest $13.5 billion in the United States to produce batteries for its electric vehicles, with the goal of reducing its reliance on foreign suppliers. (Source: Nikkei Asia)
  2. Japan's economy contracts 0.6% in Q1: Japan's economy contracted 0.6% in the first quarter of 2023, according to data released by the Ministry of Finance. The decline was attributed to a decline in exports and a rise in imports. (Source: Reuters)
  3. Sony to acquire US-based game developer Bungie: Sony Interactive Entertainment announced plans to acquire US-based game developer Bungie, the creator of the popular "Halo" franchise, for $3.6 billion. (Source: The Japan Times)

Asia

  1. China's economy grows 4.8% in Q1: China's economy grew 4.8% in the first quarter of 2023, according to data released by the National Bureau of Statistics. The growth was driven by a rebound in manufacturing and construction. (Source: Bloomberg)
  2. South Korea's Samsung Electronics reports record profits: Samsung Electronics reported record profits of 15.8 trillion won ($13.4 billion) in the first quarter of 2023, driven by strong demand for its smartphones and semiconductors. (Source: Yonhap News Agency)
  3. Indonesia's economy grows 5.2% in Q1: Indonesia's economy grew 5.2% in the first quarter of 2023, according to data released by the Central Statistics Agency. The growth was driven by a rebound in manufacturing and services. (Source: The Jakarta Post)

Other news

  1. ASEAN economic ministers to meet in May: The economic ministers of the Association of Southeast Asian Nations (ASEAN) will meet in May to discuss issues such as trade, investment, and economic cooperation. (Source: ASEAN Secretariat)
  2. Japan and US to hold trade talks in June: Japan and the United States will hold trade talks in June to discuss issues such as tariffs, intellectual property, and digital trade. (Source: The Japan Times)