AGP Executive Report
Last update: 9 hours agoAuto Industry: Nissan cut its annual sales outlook to 2.97–3 million vehicles from 3.15 million as China’s downturn and the rapid shift to electric and hybrid cars intensify pressure. The company plans to reduce petrol-car output and expand electrified models. AI Investments: SoftBank reported a $7.1 billion loss, with data-centre costs and financing weighing on results as investors scrutinize its AI bets. In contrast, Anthropic is seeking $3–3.5 billion from Japanese investors through its IPO. Inflation and Rates: Japan’s advisers urged policymakers to prioritize sustained growth now that inflation has reached the Bank of Japan’s 2% goal; the yen weakened toward ¥160 per dollar amid expectations of US rate hikes. Business Momentum: Nippon Express posted an 11.8% rise in quarterly revenue and a 71.3% jump in profit, helped by AI-related semiconductor shipments. Japanese manufacturers’ mood also reached a more than five-year high on chip demand, while machine-tool orders rose 42.5%. Industry Deals: Mitsui joined a bank-backed group in a planned $11.6 billion acquisition of chip-materials maker JSR, underscoring demand for semiconductor supply-chain assets.
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