AGP Executive Report
Last update: 11 hours agoAuto Industry: Honda raised its full-year operating-profit forecast 20% to ¥780 billion, citing strong U.S. hybrid demand and a weaker yen, despite another $3 billion in EV restructuring charges. The automaker also plans a $3 billion Ohio plant focused on hybrids and gasoline vehicles. AI Investment: SoftBank swung to a ¥1.12 trillion ($7.1 billion) quarterly loss after a writedown tied to its Ohio data-center project, as concerns over the returns and financing of its AI bets weigh on investors. Satellite Connectivity: Rakuten’s satellite joint venture could receive up to ¥148 billion in government support to build a direct-to-smartphone network, targeting domestic service by March 2029. Monetary Policy: Bank of Japan policymakers are weighing the timing and pace of further rate increases, with a December hike seen as increasingly possible.
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