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Monex to Buy Hacked Crypto Exchange Coincheck for Y3.6 Billion

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JAPAN TODAY
 
TOKYO - Japanese online brokerage firm Monex Group Inc will buy Coincheck Inc, the exchange at the center of a 58 billion yen ($530 million) digital money heist, for 3.6 billion yen, the latest move by a mainstream finance firm into the cryptocurrency market.
Monex, Japan's No.3 onl...

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Japan-made Trains Arrive in Jakarta For 1st Subway

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THE JAPAN NEWS
 
JAKARTA (Jiji Press) — The first batch of new Japanese-made train cars to be used for Indonesia’s first subway system arrived at a North Jakarta port on Wednesday.
This marked the first import in some 20 years of new train cars into the Southeast Asian country, where many used tr...

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ANA, JAL Look For Non-alliance Tie-ups

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THE JAPAN NEWS
 
All Nippon Airways Co. and Japan Airlines Co. are expanding their business tie-ups with overseas airlines beyond their respective international airline alliances.
As the industry’s competitive environment has been drastically changing due to the rise of low-cost carriers and the ...

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Execs Punished Over False Data

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Mitsubishi Materials Corp. said Wednesday that its president and chairman will receive no monthly pay for three months beginning April to take responsibility for product quality data manipulation at its group companies.
At a press conference, the president, A...

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Gov't Asks Court to Fine Nissan Over Uncertified Vehicle Checks

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JAPAN TODAY
 
TOKYO In a rare move Monday, Japan's transport ministry recommended that a court fine Nissan Motor Co for failing to heed warnings last year to stop using uncertified factory staff to inspect its cars.
The ministry in September ordered Nissan to correct its business practices after ...

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New Cassette Player Matches High-res Audio

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THE JAPAN NEWS
 
A new CD radio cassette player has been released that can give the music on a cassette tape the same sound quality as high-resolution audio.
Combining the latest high-resolution audio technology with cassette tapes, Toshiba Lifestyle Electronics Trading Co. installed a mechanism ...

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January Core Machinery Orders Rise 8.2 Percent Month/Month

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JAPAN TODAY
 
TOKYO - Japan’s core machinery orders rose 8.2 percent in January from the previous month, government data showed on Wednesday.
The rise in core orders, a highly volatile data series regarded as a good indicator of capital spending in the coming six to nine months, was more than the...

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Major Companies to Grant Larger Pay-scale Hikes in 2018

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Many major companies, including automakers and electronics makers, on Wednesday proposed raising their pay scales for the fifth straight year, with the hikes surpassing those of the previous year on the back of robust earnings.
In the fifth year of the govern...

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Kobe Steel Admits Data Fraud Went On for Nearly 5 Decades; CEO to Quit

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JAPAN TODAY
 
TOKYO - Kobe Steel Ltd admitted on Tuesday its data fraud has been going on nearly five decades and also revealed new cases of cheating, highlighting the challenges facing the 112-year-old company mired in compliance failures and malfeasance.
Japan's third-biggest steelmaker said it...

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Toyota Says U.S. Tariffs Will Substantially Increase Car Prices

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JAPAN TODAY
 
TOKYO - Japanese car giant Toyota on Friday warned that U.S. steel and aluminium tariffs would harm automakers and "substantially" increase the price of cars sold in America.
The firm was reacting after U.S. President Donald Trump announced tariffs of 25 percent on steel and 10 perc...

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