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5 Power Firms Slapped with Biz Improvement Orders

  • Category:Other
THE JAPAN NEWS
 
 
The industry ministry issued business improvement orders on Monday to five power companies, including Kansai Electric Power Co., over unauthorized access to customer information of rival companies.
The ministry has found that the scandal could undermine the purpose of the liber...

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Sega To Buy Angry Birds Maker Rovio

  • Category:Other
JAPAN TODAY
 
Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland's Rovio, in a deal worth more than 700 million euros ($770 million), the companies said Monday.
The deal would mark the end the independence of Finnish mobile game makers, which b...

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Japan’s Palm Oil Power Push Is Faltering

  • Category:Other
ECO-BUSINESS
 
Local resistance and high palm oil prices have slowed huge expansion plans for power plants fired by palm oil.
In 2011, Japan faced an unprecedented energy crisis after the Tohoku earthquake had devastated the country and badly damaged the Fukushima Daiichi Nuclear Power Plant.
The...

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Gov't To Approve Plan For Japan's 1st Casino Resort In Osaka

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JAPAN TODAY
 
The government is set to approve a plan by Osaka Prefecture and city to open what will be Japan's first casino resort in 2029, government sources said Wednesday.
The development comes as movement restrictions introduced during the coronavirus pandemic are removed, leading some local...

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Tokyo-Based Space Startup Plans World-First Moon Landing

  • Category:Other
THE JAPAN NEWS
 
A moon lander operated by Tokyo-based ispace Inc. will attempt to land on the moon at around 1:40 a.m. Japan Time on April 26 at the earliest, the startup has announced.
If successful, the space company’s lander would become the world’s first private sector lunar module to land o...

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Virgin Orbit Bankruptcy Casts Shadow Over Japan's Space Dreams

  • Category:Other
JAPAN TODAY
 
The bankruptcy filing by Richard Branson's Virgin Orbit Holdings Inc has dealt a blow to Japan's hopes of building a domestic space industry, with plans for a Kyushu-based spaceport designed to attract tourism on hold for lack of funding.
Oita prefecture, home to Japan's largest num...

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Japan’s New Central Bank Chief Vows To Guide Policy ‘Flexibly’

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CNBC
 
 
Key PointsJapan’s new central bank governor Kazuo Ueda on Monday said on Monday he will guide monetary policy flexibly, amid high economic outlook uncertainty.Ueda added there was no immediate need to revise a statement under which the central bank targets a 2% inflation target at the ea...

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Japan's Crackdown On Truck Driver Overtime Raises Fears Of Economic Breakdown

  • Category:Other
JAPAN TODAY
 
Truck driver Yuichi Tomita has been delivering packages all over Japan for two decades, often clocking 40 straight hours on the road. He says the work is tough but a source of pride, and one he's never thought of quitting - until now.
On April 1, 2024, the government will limit truc...

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Japan Inc. Sells Record Short Bonds Amid BOJ Tightening Bets

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YAHOO FINANCE
 
Japanese companies are selling record amounts of short-term bonds, a sign they’re bracing for the likelihood that the central bank will dismantle its ultra-low interest rate policy.
Issuance of yen corporate notes due in five years or less reached an unprecedented 7.4 trillion yen...

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Japan February Real Wages Fall For Eleventh Month But At Slower Pace

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CNA
 
Japan's real wages fell in February for an eleventh month, labour ministry data showed on Friday, although the rate of the decrease slowed thanks to government energy subsidies aimed at curbing consumer inflation.
While major Japanese firms concluded annual labour talks with the largest pay...

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