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Japanese Factories Embrace Robot Takeover

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Bloomberg) — While people fret about robots taking human jobs, machines in the country are stepping in to fill vacancies amid the worst labor shortage in more than 40 years. That’s creating an opportunity for up-and-coming start-ups focused on automating warehouse tasks.
N...

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Toshiba, WD Agree on Settlement Terms

  • Category:Event
THE JAPAN NEWS
 
Toshiba Corp., which is undergoing business reconstruction, announced Wednesday that it had settled its dispute with Western Digital Corp. of the United States over the planned sale of its memory chip subsidiary, Toshiba Memory Corp.
Toshiba and Western Digital will each withdraw...

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Behind Bitcoin Boom, Japanese Retail Investors Pile In

  • Category:Event
JAPAN TODAY
 
TOKYO - Japan's army of retail investors, no strangers to high risk bets in the past, have emerged as a major force in bitcoin's spectacular rally, now accounting for an estimated 30-50 percent of trading in the cryptocurrency as it spikes to record highs.
Once skeptics, Japanese re...

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Japan-EU Trade Deal Flies in Face of Protectionist Trend

  • Category:Event
THE JAPAN NEWS
 
Japan and the European Union concluded more than four years of negotiations over an economic partnership agreement on Friday that will bring to fruition an enormous and significant free-trade bloc. The two sides intend to use the agreement to promote free trade amid a global spre...

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JAL Invests $10 mil in Supersonic Jet Project

  • Category:Event
JAPAN TODAY
 
TOKYO - Japan Airlines said Tuesday it had invested $10 million in U.S. airline company Boom Supersonic to help revive supersonic flights that could cut journey times in half.
The Japanese airline company will also have the option to buy up to 20 Boom aircraft through a pre-order ar...

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TEPCO to Halve Branches, Reassign Thousands

  • Category:Event
THE JAPAN NEWS
 
Tokyo Electric Power Company Holdings, Inc. plans to halve its 45 branches through mergers and closures, and transfer several thousand of its about 15,000 branch employees to new business sectors, The Yomiuri Shimbun has learned.
The latest management challenge for TEPCO is how t...

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Spring Japan Suspends 10 Pilots Over Safety Regulation Breaches

  • Category:Event
JAPAN TODAY
 
CHIBA - Spring Airlines Japan Co, a subsidiary of Shanghai-based Spring Airlines Co, suspended 10 pilots for breaching safety regulations in the six months through October, company officials said Thursday.
The airline has sent four captains and six copilots for retraining.
The figur...

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Toray Industries Unit Falsified Data on Tire Material Quality

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Major textile maker Toray Industries Inc. said Tuesday it has found that a wholly owned subsidiary manipulated quality data for tire materials and other products supplied to 13 client companies, in the latest blow to the credibility of the manufacturing indus...

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Product Data Tampering Found at Mitsubishi Materials Units

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Mitsubishi Materials Corp. said Thursday that two subsidiaries have falsified product quality data and shipped products that did not satisfy internal and client requirements.
The two subsidiaries of the major nonferrous metal producer are Mitsubishi Cable Ind...

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MUFG Plans to Slash Workforce by 15%

  • Category:Event
JAPAN TODAY
 
TOKYO - Japanese banking giant Mitsubishi UFJ Financial Group plans to shrink its domestic workforce by around 15%, the firm said Tuesday, tightening payrolls as it looks to bolster profits squeezed by ultra-low interest rates.
MUFG announced it would lose some 6,000 of more than 40...

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