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Japanese Businesses Strive For Toehold in Russia’s Far East

  • Category:Other
THE JAPAN NEWS
 
KHABAROVSK, Russia — Japanese companies are striving to establish businesses in the Russian Far East (see below), a region where Russian President Vladimir Putin is currently focusing on development.
Russia is trying to lure foreign companies into the region with the aim of devel...

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Japan Inc Turns Contract Workers Into Permanent Staff as Labor Market Tightens

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JAPAN TODAY
 
TOKYO - Japan's labor market is getting so tight that companies are starting to convert contract and part-time workers into full-time, regular employees to prevent them from leaving - a move that could lift wages and spending but squeeze profits.
The trend is a reversal from the dec...

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Banks Seek to Reform Branches

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Major Japanese banks are seeking next-generation branches at a time when the number of customers visiting outlets for settlement services is declining on the back of the growing popularity of internet banking services.
Specifically, they are trying to strengt...

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Toshiba, Western Digital Reach Broad Agreement On Chip Unit Sale

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JAPAN TODAY
 
TOKYO - Toshiba Corp and Western Digital Corp reached a broad accord on the sale of the Japanese conglomerate's chip unit as the U.S. company has agreed to drop its legal actions, sources close to the matter said Monday.
Western Digital CEO Steve Milligan is currently visiting Japan...

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Smartphone Screen Maker Japan Display to Cut 30% of Workforce

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JAPAN TODAY
 
TOKYO - Japan Display said Wednesday it would slash 3,700 jobs, or about 30 percent of its workforce, as the struggling smartphone screen maker warned it lost money again in the latest quarter.
Citing intense competition, the Tokyo-based company said it would cut 3,500 positions at ...

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ANA Profit Jumps On Budget Carrier Boost

  • Category:Other
JAPAN TODAY
 
TOKYO - The parent company of Japanese carrier All Nippon Airways (ANA) said Wednesday its quarterly net profit skyrocketed after it raised its stake in a budget carrier, confirming it is on course for a new record full-year profit.
ANA Holdings has soared in recent years, booking a...

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Japan Vows to Ramp Up Efforts to Export Renewable Energy Technology

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JAPAN TODAY
 
TOKYO - Foreign Minister Fumio Kishida pledged Thursday that Japan will aggressively pursue the export of renewable energy technologies to tap into growth spurred via the worldwide transition to clean energy sources necessitated by the onset of climate change.
Emphasizing that energ...

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Honda Recalls 1.2 Million Cars, Citing Faulty Battery Sensors

  • Category:Other
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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