Results for "Japanese companies"

Tokyo officials and Japanese corporations remain hesitant to commit to New Delhi's ambitious investment targets, raising questions about regulatory hurdles and market readiness in bilateral economic negotiations.

Japanese holding company Advasa Holdings completes a direct listing on the Nasdaq stock exchange, marking a novel market entry strategy facilitated by its financial advisors.

As severe temperatures disrupt daily life, Japanese companies and workers are adopting unconventional cooling measures, including portable personal refrigerators, to combat the intense summer weather.

Japanese companies are reportedly seeking new hedging strategies to cope with a prolonged era of yen weakness, adapting to the changing economic landscape.

Smaller Japanese companies are reportedly becoming sponsors for the Los Angeles Dodgers, banking on the 'Ohtani effect' to boost their visibility and business due to Shohei Ohtani's popularity.

Lintec Corp. shares dropped to a three-month low after its largest shareholder announced plans to divest its stake, reflecting a trend among Japanese companies to sell non-core assets for improved capital efficiency.

Japanese companies' earnings have exceeded analyst expectations, leading to increased speculation and bets for a broader market rally in Japan.

Power futures are becoming a more popular tool for Japanese companies to manage risk from fuel-price volatility, with short-term contract trading rising for four consecutive months.

Keidanren's final report indicates that summer bonuses at major Japanese companies averaged over 1.04 million yen per employee, marking the first time they have surpassed 1 million yen since data collection began in 1981.

Facing a job shortage at home, South Korean university graduates are increasingly seeking employment opportunities in Japan, prompting services to connect them with Japanese companies.

Japanese companies specializing in products like toilets, glass fiber, and seasonings are emerging as significant beneficiaries of the AI boom, rather than just those directly involved in AI chip manufacturing.

Japanese companies are marketing personal cooling devices, dubbed 'fridges for humans,' to help residents cope with the ongoing heatwave.

Japanese companies and government employees are permitted to wear shorts to work, relaxing strict dress codes. This measure aims to reduce air conditioning consumption due to extreme heat and high energy costs linked to the Middle East conflict.

The private equity market in Japan is experiencing a boom, yet Japanese companies remain wary of engaging with it. This presents a unique dynamic in the country's financial landscape.

Japan is reportedly considering easing its travel advisory for Iran, a move that comes as other countries resume business in the Middle East. Japanese companies in the region have been advocating for a lower travel advisory.

Japanese companies have issued ¥1 trillion ($6.2 billion) worth of convertible bonds in the first half of the year, marking the highest amount since 2004, as rising interest rates make them an attractive financing option.

Sony is preparing its first sale of dollar-denominated bonds in almost 30 years, a move made more attractive to Japanese companies due to the Bank of Japan's policy tightening, which has raised benchmark interest rates.

During his visit to Japan, Malaysian Prime Minister Anwar Ibrahim expressed his hope for cooperation with Japanese companies in processing rare earths produced in Malaysia.

Japanese companies are encountering an unprecedented number of proposals from activist investors during this year's shareholder meetings, reflecting increased pressure for corporate change.

Discussions are emerging about the potential for Japanese companies to become significant players in the burgeoning space stock market, suggesting new investment opportunities.

Several Japanese companies, including Denki Kogyo, Convano, Tokyo Cosmos Elec, Tanaka, J. E. T., Will Group, Shikoku Kasei Holdings, and Hirakawa Hewtech, have released their parent and/or group financial results for the 2025/26 fiscal year.

Keidanren announced that major Japanese companies have agreed to a 5.46% wage increase in this year's spring labor negotiations, marking the third consecutive year of increases over 5% and the highest average monthly increase since 1976.

The Why How Do Company and Sanki Service have released their group and dividend forecasts, respectively, for the 2025/26 fiscal year. These tables provide financial projections for the upcoming period.

Japanese companies are increasingly viewing Vietnam as a strategic hub for growth, indicating a strong commitment to investment and expansion in the country.

Japanese companies Nippo, Smile Holdings, and Ichiken have published their group financial results for the 2025/26 fiscal year. These reports offer insights into their overall performance and financial health.

The article highlights unexpected Japanese companies, such as the creator of MSG and the world's largest toilet-maker, that are successfully leveraging artificial intelligence to generate significant profits.

Some Japanese companies are suspending the sale of certain natto and chilled gyoza products, citing difficulties in stably procuring packaging materials, potentially due to the situation in Iran.

Japanese companies Kao and Ajinomoto are reportedly expanding their operations in chip material production to meet the surging global demand driven by the rapid growth of artificial intelligence technologies.

A growing number of Japanese companies are offering to pay off their employees' student loans as a benefit, aiming to attract and retain talent.

Japanese companies have introduced a new helmet specifically designed to offer protection against bear attacks. The innovative headgear features a robust face guard that covers the jaw.

A KKR unit, KJRM Holdings, plans to significantly increase its real estate acquisitions in Japan, targeting the country's ¥450 trillion property market. This move comes as Japanese companies face pressure to divest non-core assets, creating profit potential for investors.

An increasing number of Japanese companies are offering enhanced benefits to support parents whose children fall ill, addressing challenges faced by employees returning from parental leave.

Japanese firms are increasingly offering pet-friendly benefits to help employees balance work responsibilities with animal care.

Japanese companies held ceremonies to welcome new employees as the fiscal year began, a tradition observed against a backdrop of global turmoil stemming from the Middle East conflict and domestic economic uncertainty.

Japanese resource developer INPEX plans to prioritize selling a specific type of crude oil from its Australian gas fields to Japanese companies, aiming to diversify naphtha procurement.

Japanese companies are considering 'shadow raises' through benefits, discounts, and freebies to increase employee compensation without triggering significant tax hits for either employees or employers.

A press conference outlined Japan's multifaceted participation as the Honored Country at the 90th Thessaloniki International Fair (TIF), announcing the involvement of top Japanese companies.

A Reuters poll indicates that more Japanese companies anticipate profit growth, even amidst the uncertainty caused by the Iran war.

Leading Japanese companies are preparing to offer substantial pay raises to employees, while also closely monitoring the ongoing conflict in Iran.

Japanese companies Rohm and Toshiba are reportedly considering integrating their power semiconductor businesses.

Japanese companies are implementing cross-mentoring programs to increase the proportion of female executives, particularly those promoted internally rather than appointed from external companies.

Japanese companies now own 33 homebuilders that operate in the U.S. Once the most recent deals are closed, they will have close to 6% of U.S. market share.

A trend in Japanese companies involves paying older workers to remain employed without specific tasks, contrasting sharply with Western corporate demands for AI-driven productivity.

Unease among Japanese companies over China's export controls exposes fears that Takaichi admin's erosion of mutual trust harms business interests: expert  Global Times

China has implemented export bans targeting several Japanese companies, escalating trade tensions between the two nations.

By Mary Yang with Tomohiro Osaki in Tokyo China imposed export restrictions on 40 Japanese companies on Tuesday, citing national security concerns, as Beijing escalated a months-long row that has seen Chinese tourism to Japan plummet. The spat between Asia’s top two economies was sparked by comments by Prime Minister Sanae Takaichi in November that […]

China's Ministry of Commerce has taken action against 40 Japanese companies and organizations, justifying the decision by stating their ties to the military pose a threat to national security.

The Chinese government has announced sanctions against 40 Japanese companies and entities, primarily those linked to defense, citing Japan's 'remilitarization' as the reason for the escalating measures.

A survey reveals that 80% of Japanese companies plan to raise wages in the new fiscal year, though some face challenges like difficulty passing on costs and rising raw material prices.

AI demand is boosting unexpected Japanese companies — including a toilet maker and a seasoning giant. Smith Collection/Gado/Getty Images A toilet maker and seasoning giant are Japan's unlikely winners in the AI boom. Toto, famous for its bidets, has drawn investor attention because it makes key components for memory chips. Food giant Ajinimoto produces an insulating material used in advanced semiconductor packaging. The AI boom isn't just lifting chipmakers and Big Tech. In Japan, it's flushing gains into a toilet manufacturer and a seasoning giant. As demand for AI chips surges, investors are piling into companies that sit inside the semiconductor supply chain — even if they're better known for bathrooms and soup stock. Toilet maker Toto, famous for its high-tech bidets and heated seats, has drawn investor attention. The company makes electrostatic chucks, which are critical components used in the production of NAND memory chips. Memory prices have climbed sharply in recent months, driven by AI-related demand. Last week, UK-based activist fund Palliser Capital called Toto "the most undervalued and overlooked AI memory beneficiary," according to reports by Bloomberg and the Financial Times. After news broke on Tuesday that Palliser Capital had taken a stake and was pushing Toto to promote its chip-parts business, the toilet maker's stock jumped more than 5%. Its shares are up more than 54% over the past year. It's not just Toto. Japanese food giant Ajinomoto, better known for its umami seasonings and soup bases, has become an unlikely AI infrastructure play. The company produces an insulating material used in advanced semiconductor packaging. Ajinomoto's latest financials point to strength beyond its core food business. For the nine months ended December, the company reported an 8.9% rise in net profit, while operating profit increased 5.6% year-on-year. The gains were partly driven by its "Healthcare and Others" segment which includes electronic materials used in semiconductors, the company said in a February earnings statement. After Ajinomoto posted its earnings on February 5, the company's stock rose 13%. Its shares are up more than 56% over the past year. Not all non-tech companies are benefiting equally from the AI boom. Daikin, best known globally for its air conditioners, supplies high-purity chemical materials used in semiconductor manufacturing. It recently trimmed its outlook, citing uncertainty over US tariffs as a drag on demand. The Japanese air conditioning maker reduced its operating profit forecast by about 5% to 413 billion Japanese yen, or $2.6 billion, for the fiscal year ending in March. "Operating profit was significantly affected by the decline in semiconductor demand, decreasing by 44.6% year over year to ¥18,102 million," the company said in its financial report in February. "Net sales of fluoropolymers fell year over year, despite focused Group efforts to capture strong new demand in the data center field, and was due to the stagnation in the construction markets of the United States and China and the significant overall impact of delays in the recovery of semiconductor demand," it added. The company said it plans to cushion the blow through price increases and cost reductions. Daikin's stock dropped as much as 8.4% in Tokyo following its financial results. Read the original article on Business Insider

Japanese corporations are ramping up investments in India as geopolitical risks in China deepen, a trend highlighted by multiple news outlets.

India’s trade minister led its largest-ever business delegation to Japan, pitching the country as a hub for entrepreneurship and urging Japanese companies to significantly expand their operations there.

Facing punishing summer temperatures, Japanese employers are providing refrigerated rooms for employees to cool down, highlighting growing adaptation measures to climate-driven heatwaves.

Industrial equipment distributor Trusco Nakayama has sold over 300 'Do Hiemon Box' units, described as human-sized refrigerators, to Japanese companies since April, with users reporting improved recovery.

Maxell is re-releasing its iconic UD-60U cassette tape after 50 years, a product once compatible with the Commodore 64, aiming to appeal to retro enthusiasts through a collaboration between two Japanese companies.

Japanese companies reported their largest earnings beat in five years, surprising analysts despite rising oil costs and fueling predictions for a broader market rally.

India's Commerce Minister Piyush Goyal has extended an invitation to Japanese companies to increase their investments in India.

Japanese companies are reportedly slow to adopt artificial intelligence, even though they face acute labor shortages, an aging population, and chronic productivity issues. This situation presents a paradox given the potential benefits AI could offer.

Major Japanese companies are announcing their earnings for the April-June quarter, with many citing the impacts of the Kumamoto earthquake and the situation in the Middle East.

Japan's foreign ministry has created a new division to help Japanese companies without existing bases or sales channels navigate regulations and challenges when entering the Indian market.

Two Japanese companies have introduced personal cooling chambers, dubbed "human refrigerators," to help individuals cope with extreme heatwaves. The new product aims to provide relief as high temperatures become more common.

Japanese companies are reportedly changing chip packaging due to the conflict in Iran, highlighting how global trade and everyday consumer goods are affected by geopolitical events. The war in Iran, alongside the conflict in Ukraine, demonstrates the fragility of global supply chains.

Japanese companies are gradually implementing various measures to combat customer harassment, a growing concern in the workplace. These initiatives include establishing consultation desks for employees and introducing audio and video recording equipment.

Japanese companies are increasingly vocal about their concerns regarding the supply of critical minerals, as China continues to restrict rare earth exports, signaling potential economic challenges ahead.

Iran has begun discussions with Japanese companies regarding oil sales, operating under a temporary US sanctions waiver, with any deal contingent on the waiver's extension.

Summer bonuses at major Japanese companies have surpassed ¥1 million for the first time, according to a Keidanren survey. This milestone reflects a positive trend in corporate earnings and employee compensation.

As Europe undergoes significant rearmament, Asian manufacturers are positioning themselves, with Japanese companies potentially seeing defense goods become a major export.

Japanese firms are intensifying their efforts in diversity, equity, and inclusion (DEI) as a strategy to enhance their human resource management.

Malaysian Prime Minister Anwar Ibrahim has urged Japanese companies to expand investments in Malaysia's AI, digital, and energy sectors, signaling Malaysia's readiness for the next industrial leap.

Several Japanese companies, including Ledax, Ricecurry, People, Kandenko, Trade Works, Ito En, Kanamoto Co Ltd, and Geniee, have released their latest financial results and forecasts for the upcoming fiscal periods. These reports provide updates on their group and parent company performance.

Japanese companies are increasingly implementing liquid cooling technologies in their AI data centers as a strategy to conserve power and enhance operational efficiency.

The Ferghana region is actively discussing and strengthening cooperation with various Japanese companies, including Sumitomo Corporation and Fujikura Kasei, on new projects.

A recent survey found that 70% of companies in Japan do not have formal rules regarding employee conduct on social media, leaving posts to individual judgment despite concerns about information leaks.

Japanese companies Takasho and Sankyu have released their latest financial results. Takasho reported its Q1 group results, while Sankyu provided its 2025/26 group results.

A Reuters poll reveals that one in three Japanese companies are either currently using or actively considering the implementation of AI robots in their operations.

Japanese companies are projected to achieve record profits, demonstrating resilience even amidst economic challenges posed by tensions with Iran.

As financial results announcements peak, approximately 40% of listed companies in Japan are forecasting profit declines or remain undecided on their outlook for the current fiscal year, largely due to the escalating Iran situation and persistently high crude oil prices.

Japan has ended its nearly 60-year ban on exporting lethal weaponry, with the government confirming that Japanese companies will now be able to sell military equipment to 17 countries.

Former Japanese Prime Minister Fumio Kishida visited an LNG receiving terminal in the Philippines, which was built with investment from Japanese companies. He emphasized the increasing importance of simultaneously achieving energy security, economic growth, and decarbonization, especially in light of the Middle East situation.

Companies in Japan are providing easy-to-prepare kids' meals to help ease the burden on working households, allowing parents more time with their children.

A growing number of Japanese companies are now offering to pay off the student loans of their employees, a trend aimed at attracting and retaining talent.

Japanese companies are experiencing a naphtha crunch, impacting their operations despite assurances from the Prime Minister.

Japanese companies are transforming traditional entrance ceremonies into memorable events, aiming to improve new graduate retention rates and address concerns about job-opening ratios and turnover.

Despite a student-favorable job market for next spring's graduates, some major Japanese companies are reducing new graduate recruitment, citing increased operational efficiency due to AI implementation.

Japanese companies have reduced share buybacks for the first time since 2020, a move attributed to uncertainty surrounding U.S. tariff policy under the Trump administration, prompting firms to conserve cash.

Japanese companies are reportedly planning to increase investments in defense technology that also has civilian applications, signaling a strategic shift towards dual-use innovation.

Japanese resource developer INPEX plans to prioritize selling crude oil from its Central Asian fields to Japanese companies, aiming to diversify supply sources amidst global concerns over stable oil supply.

Many major Japanese companies have agreed to meet full wage hike demands, with attention now turning to whether this momentum will extend to smaller companies, which employ the majority of Japan's workforce.

Leading Japanese companies are preparing to offer significant pay raises, with a focus on the ongoing Iran conflict as a key factor influencing their economic outlook.

Japanese companies are increasingly being pressured by activist investors to unwind their traditional cross-shareholdings, a move that could reshape corporate governance in the country.

The Ministry for Communities and Territories Development of Ukraine has discussed with representatives of private Japanese companies the deepening of cooperation in long-term infrastructure projects.

Japanese companies have started holding job seminars for 2027 graduates, driven by intense competition for science and engineering talent due to the rapid spread of artificial intelligence technology.

A survey of 100 major Japanese companies reveals that over 30% have already implemented or are planning to revise employment and personnel allocation due to AI adoption, indicating a growing trend to restructure operations and organizations around AI.

China's Commerce Ministry says the move against Japanese firms will prevent the remilitarisation of Japan.

The Chinese government has blocked exports of dual-use technology to 20 Japanese companies, citing their involvement in Tokyo's military rearmament efforts.

China is reportedly targeting Japanese companies, accusing Japan of 'remilitarization,' which could escalate economic and political tensions.

China's government announced measures targeting 40 Japanese companies and entities, primarily linked to defense, to counter Japan's 'remilitarization'.

China has imposed restrictions on exports to Japanese companies, citing concerns over Japan's 'remilitarization' as the reason for the move.

Japanese companies Skylark and Watami are planning to establish new production facilities in Southeast Asia.

Facing a severe domestic labor shortage, Japanese firms are increasingly recruiting foreign nationals, even as government officials move to tighten immigration and work visa regulations.

Several Japanese corporations are focusing their investment strategies on northern Vietnam, prioritizing infrastructure projects, disaster resilience initiatives, and local workforce training programs.

Major Japanese companies are restructuring their financial risk management approaches to cope with what analysts predict will be a prolonged period of a depreciating yen.

Japanese companies are increasing efforts to assist individuals with hearing difficulties by developing new earphones and testing specialized vans.

Indian Commerce and Industry Minister Piyush Goyal held discussions with senior executives of leading Japanese companies, including Sumitomo, in Tokyo on Monday, aiming to expand Indian investment across key sectors.

Japanese companies reported their best earnings beat in five years, despite rising oil costs, leading to optimism that robust profit growth across various sectors could broaden the market rally beyond AI-related stocks.

Japanese companies are implementing measures such as summer shifts to avoid peak heat, air-conditioned rest areas, and body temperature stickers to protect employees from heatstroke.

Japanese companies have already sold more corporate bonds with investor protection this year than in all of 2025, as lower-rated borrowers increasingly opt for the bond market over traditional bank loans.

Several Japanese companies, including Mitsubishi Motors, Otsuka Corporation, and Shionogi & Co., have reported their latest GAAP EPS and revenue figures, with some reaffirming or updating their future outlooks.

Sumitomo Mitsui Financial reported GAAP EPS of ¥131.59 and revenue of ¥2.85B, while Murata Manufacturing announced GAAP EPS of ¥44.70 and revenue of ¥502.26B, updating its FY 2027 outlook. Sumitomo also reported GAAP EPS of ¥39.92 and revenue of ¥1949.36B, reaffirming its FY 2027 outlook.

Japanese companies, including a toilet manufacturer, a glass fiber producer, and an MSG maker, are experiencing significant benefits from the artificial intelligence boom, despite not being directly involved in chip manufacturing.

During a meeting with Japanese companies in Beijing, Ambassador Kenji Kanasugi advised them to be mindful of strengthening export regulations, referencing the arrest of two Japanese citizens related to rare earth exports.

Japanese companies are increasingly splitting their shares to make them more accessible to individual investors with limited funds, a trend that has continued for four years amidst a rising stock market.

Japanese companies are facing increased pressure to enhance job opportunities and conditions for disabled workers after the statutory minimum employment rate was raised to 2.7%.

Iran has initiated discussions with Japanese companies to resume oil sales, taking advantage of a US sanctions exemption that allows it to explore new markets.

The Japanese government has launched a new cross-ministerial body to review foreign investment in Japanese companies, with the primary goal of preventing leaks of technology and information critical to national security.

A series of 'voice phishing' incidents have resulted in approximately 1.3 billion yen in fraudulent transfers from over 30 companies using internet banking in Japan. Police are investigating the scam, where employees were tricked into installing remote control software.

Wage gains at smaller Japanese companies are at risk as the Iran war continues to drive up costs, with many firms lacking the pricing power to pass these increases on to customers.

Japanese companies have received a record number of shareholder proposals from activist investors this year, with 139 proposals submitted to 51 firms as of Friday, surpassing the previous year's total.

Japanese companies have commenced recruitment activities for university students graduating next spring, adhering to government rules that set June 1st as the start date, with companies highlighting improved working environments.

A government paper reveals that only approximately 30% of Japanese companies have implemented substantial measures for economic security, such as diversifying procurement sources and enhancing cybersecurity.

Japanese companies are demonstrating that environmentally friendly 'waterless printing' technology can also achieve high-quality results.

In Japan, companies provide a unique service where individuals can hire people to attend social events with them, ranging from fake guests to 'friends'.

Japanese companies Shibaura Machine and IHI have released their group results for the 2025/26 fiscal year. These financial reports provide insights into their performance and outlook.

Japan's stock market is experiencing an upswing, with hopes surrounding the tech sector and the AI boom outweighing concerns about raw materials. Several Japanese companies have seen significant share price increases due to the AI trend.

Japanese companies are reportedly changing product packaging due to unstable ink procurement influenced by the Middle East situation. Agriculture Minister Suzuki acknowledged these changes as 'preventive measures' by companies, stating that the necessary ink solvent is currently being supplied.

The Japanese government confirmed a strategic shift last week, allowing Japanese companies to sell military equipment to 17 countries with which Japan has military cooperation agreements, ending a policy dating back to 1967.

Japanese Foreign Minister Motegi met with Angolan President Lourenço to encourage Japanese companies to participate in Angolan crude oil transactions, addressing worries about stable oil supply due to the situation in Iran.

Montenegrin Prime Minister Milojko Spajić announced on X that the arrival of over 30 representatives from renowned Japanese companies like Kawasaki, Mitsubishi, and Itochu signifies trust, stability, and a new phase of economic cooperation for Montenegro.

More than 200 Japanese companies have paid ransomware attackers, with 60% of them still failing to recover their data despite the payments.

Japanese companies are increasing their efforts to boost services and improve communication for people with hearing difficulties. These initiatives aim to create a more inclusive environment and enhance accessibility.

Japanese conglomerate Rakuten has made a move into the XRP cryptocurrency market, signaling a broader trend of Japanese companies targeting the burgeoning crypto sector.

Japanese companies Itochu and Sankyu have announced plans to jointly acquire SWTS, a plant repair firm based in Singapore.

Japan's merger and acquisition activity remains strong, with over 900 deals targeting Japanese companies in the first quarter of the year, a trend expected to persist according to Alvarez & Marsal's Aversano.

Japanese companies are introducing artificial intelligence at their new-hire ceremonies, featuring digital executives and future projections to welcome new employees.

Starting April 1st, Japanese companies will have a new 'effort obligation' to support employees who are balancing work with medical treatment, reflecting an increase in people working while undergoing therapy due to advancements in medical technology.

Several Japanese companies are reportedly weighing the possibility of merging their power chip businesses, a move that could consolidate the industry.

ANA (All Nippon Airways) is adopting bond-type shares, becoming the latest Japanese company to turn to this financing method.

Preliminary data from Japan's top union group indicates that Japanese companies have agreed to an average wage increase of 5.26% for their employees.

Today marks the concentrated response day for Japan's annual Spring Labor Negotiations (Shunto), with major companies in sectors like automotive and electronics announcing high-level wage increases, including full demands. The focus remains on whether wage hikes will outpace inflation, especially for small and medium-sized enterprises amidst concerns over the deteriorating Iran situation.

Japanese companies operating in China are revising their strategies, including opening new stores focused on lower-priced products, as the Chinese economy slows down and deflation concerns emerge.

A former Google AI researcher has established an AI robotics startup in Tokyo, which is currently in discussions with major Japanese companies like Toyota, Sony, Honda, Nissan, and Mitsui Chemicals to integrate AI into manufacturing processes.

A growing number of companies in Japan are integrating artificial intelligence into their job interview processes, streamlining recruitment and potentially enhancing candidate evaluation.

Japanese companies are implementing wage increases, with some adopting 'bold strategies' to secure funds, as spring labor negotiations aim for significant pay hikes across various employment types.

Its record-breaking offering is highlighting the quest of Japanese companies for cheaper funding than increasingly expensive traditional debt.

Beijing is reportedly targeting Japanese companies with new restrictions on the export of dual-use technologies.

China has escalated its dispute with Japan by banning the export of dual-use products to 20 Japanese companies linked to the defense industry, aiming to curb Japan's 'remilitarization' and 'nuclear ambitions'.

China has added several Japanese companies to its export control lists, a move that comes amidst escalating tensions between the two nations.

Some Japanese companies have sued the U.S. government over the tariffs, seeking a refund.

Prime Minister Ilie Bolojan stated that over 400 Japanese companies operating in Romania contribute significantly to the country's development and modernization, speaking at a reception for Japan's National Day.