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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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Panel Urges ‘Fresh Start’ For Reeling Shoko Chukin Bank

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — An industry ministry panel on Thursday recommended that the government decide whether to fully privatize scandal-hit Shoko Chukin Bank after a four-year reform period.
In its recommendations, the panel said the existing business model of the government-linked...

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New $1.6 bil. Toyota-Mazda Plant to Create 4,000 Jobs for Alabama

  • Category:Event
THE JAPAN NEWS
 
MONTGOMERY, Ala. (AP) — Automakers Toyota and Mazda on Wednesday announced plans to build a mammoth $1.6 billion joint-venture plant in Alabama that will eventually employ about 4,000 people.
Several states had competed for the coveted project, which will be able to turn out 300,...

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Renewable Japan Completes 3.8MW Solar Plant in Hokkaido

  • Category:Event
JAPAN TODAY
 
HOKKAIDO - Renewable Japan Co Ltd has completed a solar power plant with an output of about 3.86MW in Ashibetsu City, Hokkaido.
The plant is scheduled to start to sell electricity later this month.
The plant has 14,568 solar panels on 95,249.05 square meters of land.
The plant is ex...

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Bitcoin Proving Big Hit in Japan

  • Category:Event
JAPAN TODAY
 
TOKYO - Known as "Miss Bitcoin" on Japanese social media, Mai Fujimoto says she invests all of her savings in the virtual currency that has proved a huge hit in Japan.
"I convert all my disposable income into cryptocurrency," the 32-year-old tells AFP. "I've been doing this for near...

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