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Japan Govt Rejects Nagasaki Casino Resort Plan over Funding Concerns

  • Category:Other
JAPAN NEWS
 
The central government announced Wednesday that it decided not to approve Nagasaki Prefecture’s plan to develop an integrated resort (IR) featuring a casino over doubts about the feasibility of securing huge funds required for the project.
Such a resort plan in the nation will be car...

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Toyota Global Output Hits New 1-Year High On Overseas Demand

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JAPAN TODAY
 
Toyota Motor Corp said Wednesday its global output from January to November reached 9.23 million vehicles, soaring to a new single-year record with still one month left in 2023, helped by robust demand in North America and Europe.
The all-time high came as the automaker's worldwide ...

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Daihatsu Suspends Production In Japan After Safety Test Scandal

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THE GUARDIAN
 
Toyota subsidiary has admitted falsifying data on some models for more than 30 years
Production was suspended at the last operating domestic factory of Japanese automaker Daihatsu on Tuesday, as the Toyota subsidiary grapples with a safety testing scandal affecting 64 models going ...

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Japan Issues Business Improvement Order To Four Non-Life Insurers

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CNA
 
Japan ordered four major non-life insurance companies to improve business practices in connection with anti-competitive activity that aimed to keep premiums high, Finance Minister Shunichi Suzuki said on Tuesday.
The order was issued to Aioi Nissay Dowa Insurance, Sompo Japan Insurance, Tok...

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Japan Labor Productivity Ranks 30th among OECD Nations; Observers Blame Failure to Invest in Human Resources

  • Category:Other
JAPAN NEWS
 
Japan’s labor productivity in 2022 ranked 30th among 38 member nations of the Organization for Economic Cooperation and Development, according to the Japan Productivity Center.
Labor productivity measures the output of goods and services a worker produces in a certain amount of time....

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Kishida Asks Firms To Achieve Larger Pay Hikes In 2024 Than This Year

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JAPAN TODAY
 
Prime Minister Fumio Kishida on Monday asked Japanese firms to raise wages at a faster pace than this year, as the world's third-largest economy is at a crossroads in completely emerging from deflation.
"I'd like to seek your cooperation in realizing pay hikes that will exceed this ...

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U.S. TV Commercials to Promote Japan Scallops

  • Category:Other
JAPAN NEWS
 
Television commercials were set to be aired on U.S. news channel CNN starting Tuesday to promote scallops and other fishery products from Japan, Jiji Press learned Monday.
As China’s blanket import ban remains in place on fishery products from Japan over the releases of tritium-conta...

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Japan Government Lifts Economic Growth Estimates

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REUTERS
 
Japan's government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is likely to more than offset weak domestic consumption, the Cabinet Office said.
In the twice-yearly economic outlook, the real economic g...

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Japanese Officials Begin On-Site Inspection Of Daihatsu HQ

  • Category:Other
JAPAN TODAY
 
Japanese officials on Thursday started an on-site inspection at the headquarters of Toyota subsidiary Daihatsu, the transport ministry said, after an investigation found it had rigged safety tests and was forced to suspend all shipments of its vehicles.
The independent probe found t...

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US Steel To Be Bought By Japan's Nippon In $15bn Deal

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BBC
 
Japanese steel giant Nippon has announced plans to buy US Steel in a deal worth nearly $15bn (£12bn).
The purchase would create one of the world's biggest steel companies outside of China and resolve questions about the future of the storied US firm.
It has been looking for a buyer since Au...

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