AGP Executive Report
Last update: 9 hours agoPrices & Consumers: Tokyo core inflation stayed at 2.6% in October, while shoppers’ shift away from convenience stores signals pressure on household budgets. The Bank of Japan is expected to hold rates at 1.25% but leave the door open to further hikes. Manufacturing: Ricoh plans a new Kanagawa inkjet-head factory that could more than double production capacity, using automation and AI. Fujifilm will also expand data-tape output fivefold as AI drives storage demand. Semiconductors: Rapidus and HCLTech opened two engineering centres as Japan works to strengthen domestic chip capabilities. Energy: Japan’s industry ministry and Siemens Energy will cooperate on floating offshore wind; Ricoh has also announced plans for gigawatt-scale perovskite solar production. Autos: Suzuki has overtaken Honda as Japan’s No. 2 automaker by global sales, while Toyota’s sales and production fell for a third straight month. Chinese EV makers are gaining ground in South Korea, but have made limited headway in Japan. Defense Industry: Japan and the U.S. agreed to establish a Japanese facility for final assembly and inspection of AMRAAM missiles, expanding local production capacity.
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