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Honda Recalls 1.2 Million Cars, Citing Faulty Battery Sensors

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JAPAN TODAY
 
NEW YORK- Honda announced Thursday a recall of 1.2 million cars sold in the United States, following four engine compartment fires linked to faulty battery sensors.
The Japanese auto giant said the recall affects Accords from the 2013-2016 model years.
Honda said it would replace th...

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Nissan's Ghosn Was Paid Y1.1 Billion in FY 2016

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JAPAN TODAY
 
TOKYO - Nissan Motor Co Chairman Carlos Ghosn was paid 1.10 billion yen in fiscal 2016, the largest remuneration package handed out since the automaker began disclosing such payments, the company said Tuesday.
His package, exceeding the 1 billion yen mark for the third straight year...

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Clouds Gather Over Toshiba’s Restructuring Plans

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THE JAPAN NEWS
 
Uncertainty is growing over Toshiba Corp.’s restructuring, after its U.S. semiconductor business partner Western Digital Corp. filed a request with the International Chamber of Commerce’s International Court of Arbitration to prevent the Japanese company from selling its flash me...

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Macron Win Brings Sigh of Relief From Business Circles

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Japan’s business sector has welcomed the victory of pro-European Union centrist Emmanuel Macron over anti-EU nationalist Marine Le Pen in the French presidential runoff on Sunday.
Many believe that Macron’s win will help ease concerns about European politics....

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Aso Says Yen Is a Stable Currency

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JAPAN TODAY
 
 
YOKOHAMA - Japanese Finance Minister Taro Aso said on Friday the yen was a "stable" currency and could contribute to promoting financial stability in Asia.
Aso was referring to a proposal Japan made earlier in the day to launch bilateral foreign exchange swap arrangements with Sou...

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Survey: Female Workers in Managerial Jobs Rise to 8.3%

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THE JAPAN NEWS
 
About 80 percent of major companies in Japan have increased the proportion of female employees in managerial posts — meaning section chief or higher — since the Law on Promotion of Women’s Participation and Advancement in the Workplace was enforced in April 2016, according to a Y...

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Cash Registers to Have Cash Withdrawal Capability From April 2018

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JAPAN TODAY
 
TOKYO - Some supermarkets and department stores in Japan will have the ability to offer a "cash out" service from April 2018, according to a banking industry body promoting electronic payments.
Cash register operators will be able to offer the service, widely available around the wo...

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Toyota Prius Top Seller in FY2016 For 1st Time in 5 Years

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JAPAN TODAY
 
TOKYO — Toyota Motor Corp’s Prius hybrid was the best-selling car in Japan in fiscal 2016, topping the sales list for the first time in five years, data released by industry bodies showed Thursday.
For the year through March 31, the Prius sold 225,066 units, up 44.3% from a year ear...

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Naha Airport Emerging as Intl Cargo Hub to Increase Transport Efficiency

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THE JAPAN NEWS
 
Efforts are under way to transform Naha Airport in Okinawa Prefecture into a hub for transporting air cargo between Japan and other parts of Asia.
Naha Airport has the advantage of being located close to Southeast Asian countries and coastal regions of China, as well as round-the...

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Toshiba Crisis Shines Light on Japan's Corporate Culture

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JAPAN TODAY
 
TOKYO — The troubles at crisis-hit Toshiba are the latest in a string of business scandals that highlight how the backbone of Japan’s corporate culture—unwavering employee loyalty—can sometimes lead to disaster, analysts say.
The venerable firm’s stock has been sliced in half since ...

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