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"Shunto" Spring Wage Talks Kick Off in Japan

  • Category:Other
NIPPON
 
The Japan Business Federation, or Keidanren, and the Japanese Trade Union Confederation, or Rengo, held a meeting of their leaders Wednesday, effectively starting this year's "shunto" spring wage talks.
Keidanren Chairman Masakazu Tokura and Rengo President Tomoko Yoshino agreed that it ...

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Many Major Japanese Firms Pulling Commercials From Scandal-Hit Fuji TV

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JAPAN TODAY
 
Many major Japanese companies said Monday they are suspending commercials on Fuji Television Network Inc, as the broadcaster faces scrutiny over its alleged involvement in a misconduct scandal involving Masahiro Nakai, a male member of the now-defunct popular idol group SMAP.
Nissan...

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Bank Of Japan Poised To Raise Rates To Highest In 17 Years

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REUTERS
 
The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis.
A tightening in policy would undersco...

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Suzuki Aims to Expand Car Exports from India; Annual Production Capacity to Rise to 4 Million Units by FY30

  • Category:Other
JAPAN NEWS
 
Suzuki Motor Corp. plans to expand exports of its passenger cars from India to Japan, Europe, Southeast Asia and other regions, President Toshihiro Suzuki has said.
“We will take advantage of the economies of scale in India and use this country as an export base,” Suzuki said at a pr...

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Japan Likely to See "Healthy Growth" through 2026: World Bank Exec

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NIPPON
 
World Bank Deputy Chief Economist Ayhan Kose has said that the Japanese economy is expected to "deliver healthy growth" over the next two years driven by increased consumption backed by rising wages.
He also indicated that there is room for the Bank of Japan to raise interest rates.
In i...

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Japan's Major Shipping Firms Boosting Cruise Vessel Biz

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NIPPON
 
Major shipping companies in Japan are boosting their cruise liner operations to meet globally growing demand for trips on luxury ships after the COVID-19 pandemic.
"This is a good opportunity," said Tsunemichi Mukai, president of MOL Cruises Ltd., the cruise ship operating arm of Mitsui ...

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Toyota Subsidiary Hino Makes Deal To Settle Emission Fraud Case In U.S.

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JAPAN TODAY
 
U.S. officials late Wednesday announced a $1.6 billion deal with Toyota subsidiary Hino Motors to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.
Hino used altered emissions test data to get approval to import and sell more than 110,...

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Rival Buyer For U.S. Steel Emerges As U.S. Extends Deadline On Nippon Steel's Bid

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JAPAN TODAY
 
The bid by Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday.
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he w...

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LDP Exec Urges China to Resume Fishery Imports from Japan

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NIPPON
 
An executive of Japan's ruling Liberal Democratic Party on Tuesday urged China to abolish its import restrictions on Japanese fishery products.
Hiroshi Moriyama, secretary-general of the LDP, also requested Beijing to secure the safety of Japanese nationals in China.
Moriyama made the re...

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U.S. Extends Deadline For Nippon Steel To Abandon Takeover To June 18

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JAPAN TODAY
 
U.S. authorities extended a deadline imposed on Nippon Steel Corp and U.S. Steel Corp to abandon their merger plan to June 18, the companies said Sunday, a move that came as they fight to advance the deal in courts.
U.S. President Joe Biden issued an order on Jan 3 to block the $14....

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