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Panasonic Targets 10,000 Job Cuts Worldwide

  • Category:Other
JAPAN TODAY
 
Japanese electronics giant Panasonic, which supplies batteries to Tesla, said Friday it will target 10,000 job cuts worldwide as part of efforts to boost profitability.
The cuts, which represent around four percent of the group's workforce of nearly 230,000, will be implemented main...

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NTT to Fully Acquire NTT Data Group for Over ¥2 Trillion, Seeks to Speed Merging of Telecommunications, IT Services

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JAPAN NEWS
 
NTT Corp. plans to fully acquire information technology services provider NTT Data group Corp. in a transaction projected to be worth about ¥2.37 trillion, the company announced Thursday.
NTT Data Group is a publicly listed subsidiary of NTT. Following the acquisition, it will likely...

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Japan's Real Wages In March Fall 2.1% On Year, Down For 3rd Month

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JAPAN TODAY
 
Japan's real wages in March fell 2.1 percent from a year earlier, marking the third consecutive monthly decline, as income growth continued to fall behind price hikes, government data showed Friday.
Nominal wages, or the average total monthly cash earnings per worker including base ...

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Japan’s KDDI Introduces Direct Mobile Phone Connections via SpaceX’s Starlink Satellite Network

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JAPAN NEWS
 
KDDI Corp. has started a service for the direct connection of smartphones with the Starlink satellite network of SpaceX of the United States.
It is the first time in Japan that smartphone connection services using satellites has become available. Even in places that were out of the s...

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Indonesia, Japan Discuss US Tariff Policy Challenges

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ANTARA NEWS
 
Indonesian Finance Minister Sri Mulyani Indrawati and Japanese Finance Minister Katsunobu Kato discussed the challenges posed by the US tariff policy in Milan, Italy, on Sunday.
On the sidelines of the ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, Sri Mulyani noted...

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Japan's SMBC Is Closer To Acquiring 51% Stake In India's Yes Bank, Sources Say

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REUTERS
 
Sumitomo Mitsui Banking Corp (SUMFGI.UL) (SMBC) is close to agreement on acquiring a stake in Yes Bank with the Japanese firm eyeing a majority 51% equity in the Indian lender, three sources familiar with the deal said on Tuesday.
If the deal goes through, it could potentially be the la...

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Tariff Talks with U.S. Seen Influencing Japan Upper House Election

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NIPPON
 
Japanese Prime Minister Shigeru Ishiba will have to continue dealing with a host of difficult issues at home and abroad after the country's Golden Week holiday period ends Tuesday.
The course of Japan-U.S. negotiations on the high tariff policy of the administration of U.S. President Don...

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JAL Posts Record High ¥1.84 Tril Revenue Since Its Relisting In 2012

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JAPAN TODAY
 
Japan Airlines Co. said Friday its revenues rose 11.6 percent from the year before to 1.84 trillion yen in the fiscal year ended March, a record high since its relisting in 2012, boosted by robust demand from domestic and international travelers.
The company said it remains vigilant...

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BOJ Looks to U.S. Tariffs as It Times Rate Hikes; Inflation Target Likely to Be ‘Slightly Delayed’

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JAPAN NEWS
 
The Bank of Japan is closely monitoring U.S. tariff policy, as it could impact the timing of Japan’s rate hikes given the significant uncertainty the tariffs inject into the economic and price outlook.
At a press conference on Thursday, BOJ Gov. Kazuo Ueda reaffirmed that the bank wo...

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Hyundai Motor Deploys Zero-emission ELEC CITY TOWN Bus on Japan's Yakushima Island

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ANTARA
 
Hyundai Motor holds handover ceremony with Iwasaki Group on Yakushima Island, Japan, for Hyundai ELEC CITY TOWN electric busesHyundai ELEC CITY TOWN buses are optimized for Yakushima's environment, with Vehicle Dynamics Control and advanced battery management and cooling systemsThe initi...

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