Indian Prime Minister Modi will visit Japan starting on the 29th to inspect the new high-speed train test model.

date
24/08/2025
According to Kyodo News, the Japanese government announced that Indian Prime Minister Modi will begin a two-day visit to Japan on the 29th. On the 29th, he will hold talks and have dinner with Prime Minister Shizo Abe. They are scheduled to visit Miyagi Prefecture on the 30th. This will be Modi's second visit to Japan since he was invited to the G7 summit in May 2023. During the Japan-India summit talks, it is expected that a target of private investment of 10 trillion yen in India over the next 10 years will be set and included in the outcome document. Both sides are also coordinating changes to the "Joint Declaration on Security Cooperation" established in 2008. Regarding the high-speed railway being constructed in western India, the two leaders may reach a consensus on the use of the "E10 Series" new train developed by the East Japan Railway Company. In Miyagi Prefecture, they plan to inspect the experimental Shinkansen train and a major Japanese semiconductor equipment manufacturer.
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The research report from CITIC Securities indicates that based on the selected global top-tier listed jewelry companies sample, leading luxury goods groups' jewelry business shows strong resilience in the second quarter of 2025 with strong product design capabilities and brand power, steady growth. Looking at different regions, the European and American markets show strong resilience; the Japanese market records a decline due to a high base period, while the Chinese market shows a trend of improvement month-on-month; Indonesia and India's gold and jewelry markets have strong consumer enthusiasm, with leading companies showing good momentum. In terms of product, jewelry companies continue to innovate and enhance their core product design capabilities. In terms of pricing strategy, companies are passing on the short-term impact of raw materials, tariffs, and exchange rates to consumers through price increases, and it is expected that they will maintain a cautious pricing strategy in the future. On the distribution side, companies are advancing the "DTC" strategy to face consumers directly. Looking ahead, leading jewelry companies overall maintain optimistic expectations, continue to increase investment in product capabilities enhancement, distribution channels, and regional expansion, and it is expected that brand momentum will further be released. Based on this, CITIC Securities believes that gold and jewelry companies with strong product capabilities and accelerated overseas expansion are expected to stand out, recommending leading companies in the gold and jewelry industry to maintain a "stronger than the market" rating.
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