World's largest pension fund posts fourth straight quarterly loss

International hacking group Qilin has claimed responsibility for a ransomware attack on subsidiaries of Keio Railway in late September, publishing images allegedly showing internal company documents and displaying a countdown believed to indicate a deadline for releasing stolen data, while the railway operator said it is investigating the claims.

Japanese stocks rebounded sharply on October 16, with the Nikkei 225 closing 898 points higher at 65,324, a gain of 1.39%, as investors returned to technology, semiconductor and financial shares following six consecutive sessions of losses. The recovery came after a dramatic sell-off the previous day, when the benchmark plunged 3,318 points, its third-largest point decline on record, reflecting growing concerns about the sustainability of global artificial intelligence investment and its impact on corporate earnings.

Burger King Japan has announced that approximately 11.18 million records containing personal information of its official app members were leaked following unauthorized access to its systems between October 2 and October 7.

Tokyo stocks suffered one of their steepest declines on October 15, with the Nikkei 225 plunging 3,318 points, or 4.90%, to close at 64,426, its third-largest point decline on record, as a global selloff in artificial intelligence and semiconductor shares intensified over concerns about rising U.S. interest rates and the financial sustainability of debt-funded AI investment.

Panasonic has announced a recall of approximately 640,000 drum-type washer-dryers after identifying a defect in their automatic detergent dispensing tanks that could cause electrical wiring to deteriorate and potentially catch fire.

Tokyo stocks edged lower on October 14, with the Nikkei 225 closing at 67,744, down 33 points, as an early rebound in semiconductor and artificial intelligence-related shares faded late in the session before the release of U.S. inflation data.

Japanese family restaurant chain Saizeriya has announced its first major price increase since going public in 1998, raising menu prices by an average of 6% from October 29 as soaring ingredient and energy costs force the company to abandon its longstanding policy of keeping prices unchanged.

Japan is expected to fall from fourth to sixth place in the global economic rankings in 2027, overtaken by India and the United Kingdom, according to the latest economic outlook from the International Monetary Fund (IMF), reflecting sluggish domestic growth and the continued weakness of the yen.