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Fraud Suspected in Over 30% of Bigmotor Insurance Claims

  • Category:Other
JAPAN NEWS
 
Investigations by four major Japanese nonlife insurance companies have so far found that fraud is suspected in about 17,000, or over 30%, of about 53,000 insurance claims filed by scandal-tainted used car dealer Bigmotor Co., it was learned Saturday.
The insurance companies — Tokio M...

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Concern Over Losses Won't Affect Monetary Decision, BOJ Chief Says

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JAPAN TIMES
 
Bank of Japan Gov. Kazuo Ueda said considerations over the central bank's finances would not prevent it from phasing out its massive monetary stimulus when the appropriate time comes.
While Ueda said there was "still a distance to go" before the BOJ exits ultra-loose monetary policy...

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New Wave Of Price Hikes, Tax-Related Rule Changes Await Japan In October

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JAPAN TODAY
 
Japanese households will see their budgets further squeezed by a new wave of price hikes scheduled for October on food and services, while freelancers and those self-employed may have to shoulder higher tax burdens under a new invoice system.
The persisting effects of a weaker yen, ...

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Honda to Release 1st Mass-Produced EV in N. America in 2024

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JAPAN NEWS
 
A U.S. unit of Japanese automaker Honda Motor Co. said Thursday that it will release its first mass-produced electric vehicle model in North America at the start of 2024.
The Honda Prologue SUV, which will hit the U.S. and Canadian markets, is jointly developed with U.S. automaker Ge...

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Japan May Slip From IMF's No. 2 Shareholder Status

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KYODO NEWS
 
Japan may no longer be the International Monetary Fund's second-largest shareholder after maintaining the position for about three decades when the multilateral lender completes its quota reform by the end of this year, officials and documents suggested recently.
Using the current fo...

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Maker of Dassai Sake Holds Ceremony for Completion of New York Brewery; Brand Name in U.S. is Dassai Blue

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JAPAN NEWS
 
 
Asahi Shuzo Co., known for its Dassai sake brand, held a ceremony Saturday to celebrate the completion of its new brewery in New York State, and will begin selling Dassai Blue — a junmai daiginjo sake — at retailers and restaurants in the state on Monday.
More than 400 people, incl...

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Ticket Fares for New Hokuriku Shinkansen Line Extension Revealed

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JAPAN NEWS
 
East Japan Railway Co. and West Japan Railway Co. submitted Friday to the Land, Infrastructure, Transport and Tourism Ministry the fares for the extension of the Hokuriku Shinkansen line between Kanazawa, Ishikawa Prefecture, and Tsuruga, Fukui Prefecture, set to open on March 16, 20...

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PAL Indonesia Explores Defense Industry Cooperation With Japan

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ANTARA NEWS
 
PT PAL Indonesia is exploring cooperation with Japan by highlighting the company's capacity and capabilities in building warships and other defense industries.
CEO of PT PAL Indonesia Kaharuddin Djenod  said in Surabaya, East Java, on Friday, that the presentation was delivered in f...

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Toshiba Is Set To Delist In Japan After 74 Years As Part Of $14 Billion Deal

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CNN
 
Toshiba said on Thursday that a $14 billion tender offer from private equity firm Japan Industrial Partners (JIP) had ended in success — a deal which paves the way for the embattled industrial conglomerate to go private.
The JIP-led consortium saw 78.65% of Toshiba shares tendered, giving t...

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Toshiba Says $14 Bn Offer To Go Private Set To Succeed

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DIGITAL JOURNAL
 
Toshiba said on Wednesday that a $14 billion tender offer to take the troubled Japanese conglomerate private is set to succeed.
The announcement comes after a takeover scheme to delist Toshiba launched last month by a Japan Industrial Partners-led consortium closed on Wednesday....

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