AGP Executive Report
Last update: 9 hours agoJapan Economy Watch: The government kept its view that the economy is recovering at a moderate pace in August, but warned that the Kumamoto earthquake and heavy rain near Tokyo could disrupt output and supply chains, especially for auto and semiconductor factories. Japan-India Investment Push: Commerce Minister Piyush Goyal said India wants to become a global sourcing partner for Japan and expects Japanese investment momentum to pick up, while Japan also pledged to review ways to reduce the bilateral trade deficit and tackle non-tariff barriers under CEPA. SBI in Indonesia: SBI Holdings plans to buy a 20% stake in Indonesian online broker Ajaib for about $270 million, aiming to deepen cross-border settlement and securities business in Southeast Asia. Renewables Deal (Philippines): PetroEnergy approved selling 35% of its wind assets to SMFL Mirai for P1.7 billion, as it reshapes ownership to increase direct participation in its renewable portfolio. Tech & Markets: Asian stocks were mixed after Wall Street slipped, with Japan’s Nikkei edging down as investors focused on Nvidia’s earnings and the Fed’s Jackson Hole remarks. Robotics & Labor: Japan’s physical AI push got a boost with DEEP Robotics’ DR02 humanoid debut in Tokyo, landing in a market facing acute labor shortages. Culture & Business: Yayoi Kusama, Japan’s polka-dot icon, died at 97, while Uniqlo and other textile firms are looking to scale sourcing and investment in India.
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