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Japan Business Failures Grow 6.6% in 2022

  • Category:Other
JAPAN NEWS
 
The number of corporate bankruptcies in Japan in 2022 rose 6.6% from the previous year to 6,428, the first increase in three years, credit research firm Tokyo Shoko Research Ltd. said Friday.
Total liabilities left by failed companies increased 2.6% to ¥2.33 trillion, the first rise ...

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Toyota Pushes Zero-Emission Goals By Converting Old Models

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YAHOO NEWS
 
To accelerate the global move toward sustainable vehicles, Toyota is suggesting simply replacing the inner workings of vehicles already on the roads with cleaner technology like fuel cells and electric motors.
“I don’t want to leave any car lover behind,” Chief Executive Akio Toyoda ...

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Mcdonald's Japan To Hike Prices For Third Time In 10 Months

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JAPAN TODAY
 
 
The Japanese operator of McDonald’s restaurants has announced its third price hike in less than a year in the latest sign of compounding inflationary pressures on the nation’s consumers.
McDonald’s Holdings Company Japan said it would raise prices on about 80% of its menu from Jan...

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Uniqlo Owner Gives Japan Inc A Jolt With 40% Wage Hike

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REUTERS
 
Uniqlo parent Fast Retailing Co Ltd (9983.T) on Wednesday said it would raise wages by as much as 40%, a clear sign that Japan's rock-bottom salaries may be starting to budge after decades of deflation and cost-cutting.
The move by the casual clothing giant is likely to heighten focus o...

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New Car Sales In Japan Sank To A 45-Year Low In 2022, Data Shows

  • Category:Other
ASAHI
 
New car sales in 2022 fell to their lowest level since 1977 mainly due to a protracted shortage of semiconductors that delayed production, according to auto industry organizations.
The data also shows the number of Japanese cars sold in the United States last year was lower than the previ...

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Japan Marks 1st Business Day Of The Year

  • Category:Other
JAPAN TODAY
 
Japan's central and local governments, alongside many businesses, marked the year's first day of work Wednesday as the country refrained from implementing travel restrictions despite a rise in the number of COVID-19 cases.
"Everyone is exhausted from working for about three years on...

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Yen Set For Turnaround In 2023 After Slide To 32-Year Low Against Dollar

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JAPAN TODAY
 
The yen is set to gain ground in 2023 in a sharp turnaround from a plunge to a 32-year low against the U.S. dollar, keeping Tokyo stocks subdued coupled with a gloomy global economic outlook.
The Japanese currency is expected to rise toward 120 yen against the dollar from its curren...

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Japan Start-Up Seeks To Expand Abroad With Exoskeleton Business

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KYODO NEWS
 
A start-up founded by a researcher at Tokyo University of Science that developed a wearable exoskeleton to support heavy lifting is hoping to make further inroads overseas in nations that have aging populations like Japan.
Set up by Hiroshi Kobayashi, a professor at the university, i...

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Apple Japan Charged ¥14 Billion In Back Taxes

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JAPAN NEWS
 
Tax authorities have charged Apple Japan about ¥14 billion in back taxes over sales of iPhones and other devices that were incorrectly exempted from consumption tax for two years through Sept. 30, 2021, it has been learned.
According to sources, the Tokyo Regional Taxation Bureau con...

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Japan’s Per-Capita GDP Falls To 20th In OECD

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JAPAN NEWS
 
Japan placed 20th in terms of per-capita gross domestic product among the member countries of the Organization for Economic Cooperation and Development, the Cabinet Office has said.
Japan fell from the previous year’s 19th position, overtaken by France.
Japan’s per-capita nominal GDP...

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