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Nissan Plans Large Production Cuts at Key Domestic Plant; Output to be Trimmed to 20% of Capacity in July, August

  • Category:Other
JAPAN NEWS
 
Nissan Motor Co. plans to make large-scale production cuts at its key Oppama plant in Yokosuka, Kanagawa Prefecture, in July and August, according to sources.
The move was prompted by sluggish sales of the Nissan Note, a compact car produced at the factory, the sources said. Nissan r...

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EU Proposes Eel Trade Restriction Despite Japan’s Opposition

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JAPAN NEWS
 
The European Union on Friday proposed making all eel species, including the Japanese eel, subject to regulation under an international treaty to protect endangered species, while Japan opposes the move.
The EU, along with the Dominican Republic, Panama and Honduras, submitted the pro...

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Toyota Global Sales In May Up 6.9%; Record For Month

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JAPAN TODAY
 
Toyota Motor Corp said Friday its global sales for May rose 6.9 percent from a year earlier to 898,721 units, a record high for the month, due to last-minute demand in the United States amid concerns over possible price hikes due to high tariffs imposed by U.S. President Donald Trum...

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Asian Shares Mixed After U.S. Stocks Rise To Brink Of A Record

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JAPAN TODAY
 
Asian shares were mixed on Friday, losing some of their morning gains, after U.S. stocks ran to the brink of another record. U.S. futures and oil prices also logged modest gains.
Investors were watching for further details after President Donald Trump said the U.S. and China had sig...

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Tokyo Monthly Salaries Salaries Half of Those in New York; Survey Shows Significant Shift in 2012

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JAPAN NEWS
 
The average monthly salary in Tokyo is about half of those in New York, according to a report released by the Deutsche Bank Research Institute.
The report notes that while the U.S. economy has grown, Japan’s monthly salaries have dropped to the global average following events such as...

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Nissan Sees ¥200 Bil Net Loss In April-June; Shareholders Grill Management

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NISSAN
 
Nissan Motor Co on Tuesday said it forecasts a net loss of 200 billion yen for the April-June quarter and apologized for the worsening performance as it faced criticism from shareholders at their annual meeting.
New President and CEO Ivan Espinosa, who took over from Makoto Uchida in Apr...

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7,000 Manufacturers Aim to Raise Wages for Foreign Workers with Specified Skilled Worker Status through New Association

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JAPAN NEWS
 
Thirty major industry associations in manufacturing sectors such as steel, electronics and textiles established a cross-industry human resources management organization to secure more highly skilled foreign workers to work in Japan.
About 7,000 companies will join the Japan Associati...

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Japanese Ships Transiting Strait Of Hormuz To Minimize Time In Gulf

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JAPAN TODAY
 
Japan's Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimize the time spent in the Gulf as they continue to transit the Strait of Hormuz following the U.S. strikes on Iranian nuclear facilities.
The shipping companies said they are close...

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Japan’s Banks Pull Staff From Middle East After U.S. Strikes Iran

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JAPAN TIMES
 
Japan’s biggest banks are considering evacuating employees and their families from financial hubs in the Middle East, just days after U.S. airstrikes on Iran increased risks in the region.
Mitsubishi UFJ Financial Group has started to pull the families of staff out of locations incl...

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India PM Modi Eyes Visit To Japan In August For Bullet Train Deal

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JAPAN TODAY
 
The Japanese and Indian governments are arranging for Indian Prime Minister Narendra Modi to visit Japan in late August for talks with Prime Minister Shigeru Ishiba, diplomatic sources said Saturday.
The two leaders are expected to agree on India's adoption of a next-generation shin...

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