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Toyota Forecasts Record Net Profit For Full Fiscal Year

  • Category:Event
JAPAN TODAY
 
TOKYO - Japanese car giant Toyota on Tuesday revised its earnings forecast, saying it expected to see a record annual net profit thanks to a weaker yen and U.S. tax cuts.
Japan's top carmaker expects to bank a net profit of 2.4 trillion yen ($22 billion) for the fiscal year to March...

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Nikkei Ends at Largest Loss Since 2016 After Dow's Record Point Fall

  • Category:Event
JAPAN TODAY
 
TOKYO - Tokyo stocks tumbled on Tuesday in a global stock rout with the Nikkei index posting its biggest decline since June 2016, on panic selling after the steepest single-day point drop on Wall Street overnight.
The 225-issue Nikkei Stock Average ended down 1,071.84 points, or 4.7...

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TEPCO Battles On To Supply Power

  • Category:Event
THE JAPAN NEWS
 
Tokyo and the surrounding area has been experiencing tight power supply conditions after record-breaking cold weather. In addition to the cold weather, there have been problems at thermal power plants and a reduction in solar power generation due to the solar panels being covered...

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Imported White-meat Fish Hooks Bigger Slice of Market

  • Category:Event
THE JAPAN NEWS
 
Following historically poor domestic catches of salmon and walleye pollack, supermarkets and other retailers in Japan are increasingly turning to imported white-meat fish to fill the void on their shelves.
Walleye pollack is a leading variety of white-meat fish, and salmon is ver...

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Consumer Centers Receive Increasing Inquires About Virtual Currencies

  • Category:Event
JAPAN TODAY
 
TOKYO - Japan's consumer affairs centers received more than 2,000 inquiries over issues related to bitcoin and other virtual currencies last year, about a 3.4-fold increase from the previous year, people familiar with the matter said Wednesday.
While cryptocurrencies have been incre...

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JR East Chooses New President

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — East Japan Railway Co. plans to promote Vice President Yuji Fukasawa to the presidency, informed sources said Saturday.
Fukasawa, 63, will succeed Tetsuro Tomita, 66, who will become chairman of JR East. The appointments will take effect on April 1, according...

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Japan's Record Exports to Asia Raise Hopes for Fourth-quarter Growth

  • Category:Event
JAPAN TODAY
 
TOKYO - Japan's exports grew for a 13th straight month in December, led by record demand from China and Asia as a whole, raising the prospects for vigorous economic growth in the fourth quarter.
The Ministry of Finance (MOF) said on Wednesday that exports rose 9.3% in December from ...

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Chief of Contractor Obayashi to Resign Amid Maglev Bid Rigging Probe

  • Category:Event
JAPAN TODAY
 
TOKYO - Major Japanese contractor Obayashi Corp said Tuesday its president, Toru Shiraishi, will resign in March, in a move seen as taking the blame for alleged bid-rigging over a Tokyo-Osaka maglev train line that also involves three other firms.
Obayashi, which has been investigat...

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Japan's Retailers Struggle to Raise Prices, Even as Economy Gains Momentum

  • Category:Event
JAPAN TODAY
 
TOKYO - Japan's economy is gathering steam, profits are at record levels and companies are poised to raise wages — yet retailers and restaurant chains are struggling to lift prices for fear of losing customers conditioned by nearly two decades of deflation.
This predicament could un...

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SoftBank Group Soars on Listing Reports

  • Category:Event
JAPAN TODAY
 
TOKYO - Shares in Japan's SoftBank Group soared nearly 6% Monday on reports it could list its mobile unit, potentially raising some $18 billion in one of the country's biggest public offering.
In a statement, SoftBank group insisted no decision had been made, but acknowledged the li...

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