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Seven & i's New Head Keen On Advisory Role for Departing CEO Suzuki

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JAPAN TODAY
 
TOKYO — The incoming head of Japan’s Seven & i said he is keen for his predecessor Toshifumi Suzuki, who resigned last month after a power struggle, to become an adviser to the $90 billion retail conglomerate - an olive branch that could help mend a divided board.
The gesture by Ryu...

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Suzuki’s Kingdom / Hands-on Leaader Helped Seven-Eleven Japan Leap Forward

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THE JAPAN NEWS
 
The Yomiuri Shimbun
This is the fifth installment of a series.
“Annual sales of Seven Premium-brand products surpassed ¥1 trillion for the first time,” Ryuichi Isaka, president of Seven-Eleven Japan Co., proudly declared on March 30.
Isaka, 58, was speaking at a spring event to e...

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Toshiba Hires New President to Steer Past Accounting Scandal

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JAPAN TODAY
 
TOKYO — Scandal-hit Toshiba on Friday appointed a new president to steer the vast conglomerate past a huge accounting scandal that has hammered its reputation.
Company veteran Satoshi Tsunakawa, 60, a senior vice president who joined Toshiba in 1979, will replace incumbent chief Mas...

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Recent Rise In Yen Extremely Worrying

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JAPAN TODAY
 
TOKYO — Japan’s finance minister says the recent sharp rise in the yen is “extremely worrying”, adding Tokyo will take action when necessary.
The remarks, which suggest Tokyo’s possible market intervention, came after the Japanese unit surged to an 18-month high against the dollar i...

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Tokyo Stocks Suffer Setback On Yen’s Surge

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — Tokyo stock prices took another plunge on Monday, with investor sentiment bruised by the yen’s ascent to an 18-month high against the dollar, which fueled worries about corporate earnings.
On the Tokyo Stock Exchange, a flurry of selling sent the benchmark Ni...

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Mitsubishi Motors Has Cash To Weather Scandal, But Brand Battered

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JAPAN TODAY
TOKYO — Mitsubishi Motors’ (MMC) market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages.
The scope of its cheating also now seems mor...

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G-7 Agree To Work For Stable Energy Supply

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THE JAPAN NEWS
 
KITAKYUSHU (Jiji Press) — The Group of Seven energy ministers vowed to lead efforts to ensure stable energy supply, in a joint statement released after their two-day meeting in the city of Kitakyushu through Monday.
“We commit to continue to take a leading role in enhancing globa...

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Japan's Major Companies Taking On More Foreign Employees

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JAPAN TODAY
 
TOKYO — Japan’s major corporations are increasingly moving to employ foreign nationals on permanent contracts, judging that the benefits of diversification are worth the challenges.
Convenience store operator Lawson is among them, awarding between 10 and 30 percent of its graduate p...

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BOJ Maintains Monetary Easing Policy, Delays Inflation Target

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THE JAPAN NEWS
 
TOKYO (Jiji Press) — The Bank of Japan maintained its massive monetary easing policy on Thursday, expressing confidence that inflation is on track to achieve its 2 percent target. The central bank’s board voted to continue applying the interest rate of minus 0.1 percent on part o...

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Fuel Efficiency Wars Behind Data Scandal

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THE JAPAN NEWS
 
The Yomiuri Shimbun
Competition in minivehicle fuel efficiency is said to have been intensified by the launch of Daihatsu Motor Co.’s Mira e:S in September 2011. The model’s mileage was 30 kilometers per liter (kpl) of gasoline. At the time of its launch, the sales point of the m...

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