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Sogo & Seibu Labor Union Considering Strike Action

  • Category:Other
JAPAN NEWS
 
A labor union of workers of Sogo & Seibu Co., a subsidiary of Seven & i Holdings Co., is considering launching a strike over the parent company’s plan to sell the department store unit, informed sources said Sunday.
By considering the strike action, the union plans to demand the main...

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Higher Land Prices Add To Signs Of Japan's Recovery From Pandemic

  • Category:Other
JAPAN TODAY
 
The average land price in Japan rose 1.5 percent in 2023 from a year earlier for the second consecutive year of increase, government data showed Monday, adding to signs of the economy recovering from the coronavirus pandemic.
A recovery in prices for commercial areas led the overall...

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Govt Asks Households, Businesses in TEPCO Service Area to Conserve Power

  • Category:Other
JAPAN NEWS
 
To prepare for the possibility of an extreme heat wave this summer, the government began asking households and businesses in Tokyo Electric Power Company Holdings, Inc’s service area to start saving electricity on Saturday.
With the peak summer season approaching, concerns over power...

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Japan's Bullet Trains Gearing Up For Automatic Driving

  • Category:Other
JAPAN TODAY
 
Automatically operated shinkansen bullet trains could be right around the bend.
Central Japan Railway Co and East Japan Railway Co aim to commercialize driverless systems around 2028 for the Tokaido Shinkansen and the mid-2030s for the Joetsu Shinkansen, respectively.
But as testing...

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Finance Ministers Of Japan And South Korea Agree To Resume Currency Swap Agreement As Ties Warm

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AP NEWS
 
Japan and South Korea agreed Thursday to revive a currency swap agreement for times of crisis, in the latest sign of warming ties as the countries work to smooth over historical antagonisms.
Japanese Finance Minister Shunichi Suzuki announced the agreement after meeting with his South K...

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Pokemon Go Firm Niantic Slashes Staff

  • Category:Other
JAPAN TODAY
 
The maker of mobile game Pokemon Go has said it will slash 230 jobs, almost one-third of its staff, in another blow to the tech industry.
Niantic boss John Hanke said in an email to staff posted online late on Thursday that the San Francisco-based firm needed to cut costs because of...

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Japanese Finance Minister Warns Against Excessive Yen Weakening

  • Category:Other
JAPAN TODAY
 
Japan will take appropriate steps should the yen weaken excessively, Finance Minister Shunichi Suzuki said on Friday after the currency plumbed seven-month lows against the dollar.
Suzuki warned against investors selling the yen too far as the currency weakened past 145 to the dolla...

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Japan's Toolkit To Combat Sharp Yen Declines

  • Category:Other
REUTERS
 
Japanese authorities are facing renewed pressure to combat the yen's fresh declines driven by market expectations that the Bank of Japan will keep interest rates ultra-low, even as other central banks tighten monetary policy to curb inflation.
Here are possible steps the government and ...

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Subaru to Equip Manual Sports Car with Driver Assist Tech

  • Category:Other
JAPAN NEWS
 
Subaru Corp. will introduce its EyeSight driver assist technology to a manual transmission automobile for the first time.
Normally equipped on automatic transmission models, EyeSight will be installed on Subaru’s upgraded BRZ sports car, which is scheduled to be unveiled this autumn....

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Japan Steps Into Chip Supply Chain With $6.4bn JSR Deal

  • Category:Other
FINANCIAL TIMES
 
 State-backed fund’s buyout of semiconductor equipment maker gives the government more grip on industry
A leading Japanese semiconductor equipment maker has accepted a $6.4bn buyout offer from a state-backed fund in what investors have described as a “stunning” act of government...

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