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Line, The Year's Biggest Tech IPO, Struggles To Show Its Growth Plan Can Work
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JAPAN TODAY
TOKYO — In delaying its IPO by two years, Japanese messaging app company Line Corp bought time to correct weak financial reporting controls, work on its business plan, bolster staffing - and left billions of dollars on the table as its valuation shrivelled.
Line’s initial public off...
TOKYO — In delaying its IPO by two years, Japanese messaging app company Line Corp bought time to correct weak financial reporting controls, work on its business plan, bolster staffing - and left billions of dollars on the table as its valuation shrivelled.
Line’s initial public off...
- June 28, 2016
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Nikkei Plunges Almost 8% in Brexit Selloff
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JAPAN TODAY
TOKYO — Tokyo’s benchmark stock index nosedived almost 8% Friday as Britain’s decision to leave the European Union sparked an avalanche of selling and wild swings on currency markets.
The Nikkei 225 plunged 7.92%, or 1,286.33 points, to 14,952.02 in its biggest one-day fall since Ja...
TOKYO — Tokyo’s benchmark stock index nosedived almost 8% Friday as Britain’s decision to leave the European Union sparked an avalanche of selling and wild swings on currency markets.
The Nikkei 225 plunged 7.92%, or 1,286.33 points, to 14,952.02 in its biggest one-day fall since Ja...
- June 28, 2016
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Scandal-hit Mitsubishi Motors Forecasts Y145 Bil Loss
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JAPAN TODAY
TOKYO — Mitsubishi Motors on Wednesday warned it is on track to lose 145 billion yen ($1.4 billion) this fiscal year in the wake of a mileage-cheating scandal that slammed the brakes on sales.
The expected shortfall would reverse a year-earlier profit and mark the automaker’s first ...
TOKYO — Mitsubishi Motors on Wednesday warned it is on track to lose 145 billion yen ($1.4 billion) this fiscal year in the wake of a mileage-cheating scandal that slammed the brakes on sales.
The expected shortfall would reverse a year-earlier profit and mark the automaker’s first ...
- June 25, 2016
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IMF Urges 'Reloaded' Abenomics for Japan Growth Targets
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JAPAN TODAY
TOKYO — The IMF said Monday that Japanese Prime Minister Shinzo Abe’s eponymous economic revitalisation plan needs to be “reloaded” with steps to increase incomes and achieve labour reforms to meet ambitious growth and inflation targets.
Abe swept to power in late 2012 on a pledge t...
TOKYO — The IMF said Monday that Japanese Prime Minister Shinzo Abe’s eponymous economic revitalisation plan needs to be “reloaded” with steps to increase incomes and achieve labour reforms to meet ambitious growth and inflation targets.
Abe swept to power in late 2012 on a pledge t...
- June 24, 2016
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Kuroda Dismisses Talk of ‘Helicopter Money’
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THE JAPAN NEWS
There is growing concern outside Japan over whether the Bank of Japan will adopt so-called helicopter money as part of its monetary easing policy, since the bank’s current easing policy is seen as bearing little fruit.
Helicopter money is thought to stimulate demand by distributi...
There is growing concern outside Japan over whether the Bank of Japan will adopt so-called helicopter money as part of its monetary easing policy, since the bank’s current easing policy is seen as bearing little fruit.
Helicopter money is thought to stimulate demand by distributi...
- June 20, 2016
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Fitch Cuts Outlook on Japan Over Sales Tax Delay
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JAPAN TODAY
TOKYO — Fitch on Monday cut its outlook for Japan, citing Tokyo’s decision to postpone a sales tax hike seen as critical to paying down one of the world’s biggest national debts.
The company said it was changing its view to negative from stable but left Japan’s “A” credit rating unc...
TOKYO — Fitch on Monday cut its outlook for Japan, citing Tokyo’s decision to postpone a sales tax hike seen as critical to paying down one of the world’s biggest national debts.
The company said it was changing its view to negative from stable but left Japan’s “A” credit rating unc...
- June 20, 2016
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Free Wi-Fi Coming To McDonald’s Japan Branches
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JAPAN TODAY
TOKYO — For a couple of years now, McDonald’s Japan has been looking with envy at Starbucks’ and other coffee houses’ ability to draw in customers throughout the day to sip and snack even outside of peak dining hours. In response, the burger chain has remodeled many of its locations...
TOKYO — For a couple of years now, McDonald’s Japan has been looking with envy at Starbucks’ and other coffee houses’ ability to draw in customers throughout the day to sip and snack even outside of peak dining hours. In response, the burger chain has remodeled many of its locations...
- June 18, 2016
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Govt Seeks To Reduce Solar Panel Waste
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THE JAPAN NEWS
By Tatsuya Nozaki / Yomiuri Shimbun Staff Writer
With the rapid proliferation of solar panels, the Environment Ministry has released guidelines aimed at creating a system on the reuse or recycling of old ones.
Since the introduction of the Feed-in Tariff (FIT) system (see below) ...
By Tatsuya Nozaki / Yomiuri Shimbun Staff Writer
With the rapid proliferation of solar panels, the Environment Ministry has released guidelines aimed at creating a system on the reuse or recycling of old ones.
Since the introduction of the Feed-in Tariff (FIT) system (see below) ...
- June 18, 2016
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Toyota Rolls Out New Plug-in Prius
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THE JAPAN NEWS
TOKYO (AP) — A top engineer at Toyota says the automaker plans to get as bullish as its rivals in pushing plug-in hybrids with the introduction of its new Prius Prime.
Toyota Motor Corp. leads the industry in hybrids, which switch between a gas engine and an electric motor. It ha...
TOKYO (AP) — A top engineer at Toyota says the automaker plans to get as bullish as its rivals in pushing plug-in hybrids with the introduction of its new Prius Prime.
Toyota Motor Corp. leads the industry in hybrids, which switch between a gas engine and an electric motor. It ha...
- June 17, 2016
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BOJ Holds Off On More Easing With U.K. Vote, Election Ahead
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THE JAPAN NEWS
TOKYO (Bloomberg) — The Bank of Japan refrained from expanding monetary stimulus as Gov. Haruhiko Kuroda and his board continue to gauge the economic impact of their unpopular negative-rate policy ahead of an election next month.
With the uncertain outlook for global markets also...
TOKYO (Bloomberg) — The Bank of Japan refrained from expanding monetary stimulus as Gov. Haruhiko Kuroda and his board continue to gauge the economic impact of their unpopular negative-rate policy ahead of an election next month.
With the uncertain outlook for global markets also...
- June 17, 2016
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