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70 % of Japan Companies to Raise Pay Scales in FY 2024

  • Category:Other
JAPAN NEWS
 
About 70 pct of companies in Japan will implement pay scale increases in fiscal 2024, a survey by the Finance Ministry showed Monday.
According to the survey, the proportion of companies planning to raise their pay scales stood at 70.7 pct, up by 6.3 percentage points from the previo...

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Honda To Build Major EV Plant In Canada

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JAPAN TODAY
 
Japanese auto giant Honda will open an electric vehicle plant in eastern Canada, a Canadian government source familiar with the multibillion-dollar project told AFP on Monday.
The federal government as well as the province of Ontario, where the plant will be built, will both provide...

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Japan Records Trade Deficit For Third Straight Fiscal Year Despite Recovering Exports

  • Category:Other
JAPAN TODAY
 
Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak.
The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released Wednesday.
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Hankyu Corp. Unveils First New Train in 11 Years; Retaining Maroon Color

  • Category:Other
JAPAN NEWS
 
Hankyu Corp. unveiled to the press on Tuesday a new train model to be introduced on its Kyoto Line between Osaka-umeda and Kyoto-kawaramachi stations.
The train model will have cars dedicated to a new premium seating service that will be rolled out this July. This is the first time i...

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Japan, U.S., Philippines to Strengthen Nickel Supply Chains; Reduce Reliance on China for Critical Minerals

  • Category:Other
JAPAN NEWS
 
Japan, the United States and the Philippines agreed to forge ties to strengthen supply chains of nickel — a critical mineral essential for the batteries used in electric vehicles — at a trilateral summit at the White House on Thursday.
The Philippines is the world’s second-largest pr...

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Honda Postpones Mini-EV Launch to Autumn Due to Parts Supply Delay

  • Category:Other
JAPAN NEWS
 
Honda Motor Co. announced on Friday that it will postpone the launch of its mini commercial electric vehicle (EV), which had been scheduled to go on sale this spring, to autumn due to a longer-than-expected delay in parts procurement.
Pre-orders will begin in May, and the price and r...

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Microsoft To Invest Us$2.9 Billion In Ai And Cloud Infrastructure In Japan While Boosting The Nation’s Skills, Research And Cybersecurity

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MICROSOFT
 
Today, Microsoft announced it will invest US$2.9 billion over the next two years to increase its hyperscale cloud computing and AI infrastructure in Japan. It will also expand its digital skilling programs with the goal of providing AI skilling to more than 3 million people over the n...

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Ride-Sharing Services Start in Tokyo; Kanagawa, Aichi, Kyoto, Others To Follow Suit

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JAPAN NEWS
 
Ride-sharing services kicked off in Tokyo on Monday. Individuals who have employment contracts with the taxi companies managing the services began offering paid rides using private vehicles.
A ceremony in Edogawa Ward, Tokyo, marked the occasion before the ride-sharing vehicles — spo...

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BOJ To Cut Monetary Stimulus If Inflation Trend Nears 2%: Ueda

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JAPAN TODAY
 
Bank of Japan chief Kazuo Ueda said Tuesday the central bank will further reduce monetary stimulus if the country's basic inflation rate nears 2 percent as expected.
Ueda told a parliamentary session that the BOJ will examine upcoming data to confirm the strength of wage growth in l...

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Why Japan Is Not Giving Up On U.S. Steel Deal

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JAPAN NEWS
 
 
 
Days after U.S. President Joe Biden joined his election rival Donald Trump in voicing concern about a Japanese purchase of U.S. Steel, the manufacturer began touting the benefits of the deal on billboards near its factories from Alabama to Pennsylvania.
The billboards may be the ...

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