Daily brief
Japan and Europe's defense industries met to strengthen supply chains, with multiple sources reporting on the initiative. Japan also moved to ban Chinese IT equipment from local governments. Separately, Japan is exploring deep-sea mining for rare earths 6,000 meters under the Pacific to reduce dependence on China.
Nippon Express agreed to buy Canada's Metro Supply Chain for $1.25 billion.
Honda will partially suspend gasoline car production in China.
Nidec overstated profits by 160 billion yen in an accounting fraud.
Japan, Russia, South Korea, and others agreed to saury fishing cuts.