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Corporate Japan Wary Of The Sliding Yen
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FINANCIAL TIMES
Higher energy and materials costs outweigh benefit of weak currency even for big exporters
As Canon kicked off Japan’s corporate earnings season in late April with an upgrade to its annual profit guidance, chief executive Fujio Mitarai welcomed the yen’s sharp decline as “a bi...
Higher energy and materials costs outweigh benefit of weak currency even for big exporters
As Canon kicked off Japan’s corporate earnings season in late April with an upgrade to its annual profit guidance, chief executive Fujio Mitarai welcomed the yen’s sharp decline as “a bi...
- May 20, 2022
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Toyota Group Plant To Resume Operations
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THE JAPAN NEWS
An automobile assembly plant of a Toyota Motor Corp. group company that stopped its operations early Thursday morning due to an industrial water supply trouble in central Japan will operate as usual during the night on the same day, according to Toyota officials.
The Nagakusa pla...
An automobile assembly plant of a Toyota Motor Corp. group company that stopped its operations early Thursday morning due to an industrial water supply trouble in central Japan will operate as usual during the night on the same day, according to Toyota officials.
The Nagakusa pla...
- May 19, 2022
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Japan's 1st-Quarter GDP Shrinks, Hit By COVID Restrictions, Higher Prices
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JAPAN TODAY
Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by COVID-19 restrictions and higher prices.
The world's third-largest economy shrank 0.2 percent quarter-on-quarter in the January-March period, slightly less than the market expectatio...
Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by COVID-19 restrictions and higher prices.
The world's third-largest economy shrank 0.2 percent quarter-on-quarter in the January-March period, slightly less than the market expectatio...
- May 19, 2022
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Tokyo Court Rules COVID-19 Business Order Illegal
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NHK
A Japanese court has ruled a local government broke the law by ordering a restaurant chain to shorten its business hours to curb the spread of the coronavirus.
The Tokyo Metropolitan Government issued the order in March last year, based on legislation allowing governors to issue tougher ant...
A Japanese court has ruled a local government broke the law by ordering a restaurant chain to shorten its business hours to curb the spread of the coronavirus.
The Tokyo Metropolitan Government issued the order in March last year, based on legislation allowing governors to issue tougher ant...
- May 17, 2022
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Suzuki To Build New Plant In Haryana, India
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THE JAPAN NEWS
Suzuki Motor Corp. said Monday that its Maruti Suzuki India Ltd. unit will build an automobile factory in Kharkhoda in Haryana, India, scheduled to go into operation in 2025.
The Japanese automaker will spend about 110 billion rupees ($1.41 billion) to build Maruti Suzuki’s third...
Suzuki Motor Corp. said Monday that its Maruti Suzuki India Ltd. unit will build an automobile factory in Kharkhoda in Haryana, India, scheduled to go into operation in 2025.
The Japanese automaker will spend about 110 billion rupees ($1.41 billion) to build Maruti Suzuki’s third...
- May 17, 2022
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Japan's Top Lender MUFG Expects Profit Fall After Record Year
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CNA
:Japan's largest lender Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it expects a 12 per cent drop in annual net profit due to market volatility and an uncertain economic outlook, after scoring a record profit for the previous year.
MUFG joins Sumitomo Mitsui Financial Group Inc...
:Japan's largest lender Mitsubishi UFJ Financial Group Inc (MUFG) said on Monday it expects a 12 per cent drop in annual net profit due to market volatility and an uncertain economic outlook, after scoring a record profit for the previous year.
MUFG joins Sumitomo Mitsui Financial Group Inc...
- May 16, 2022
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Toshiba In Early Talks With 10 Potential Buyout 'Partners'
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JAPAN TODAY
Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.
The engineering giant was once a symbol of the country's industrial prowess, producing everything from rice ...
Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a move that would be highly unusual in corporate Japan.
The engineering giant was once a symbol of the country's industrial prowess, producing everything from rice ...
- May 15, 2022
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NTT Names Veep Shimada as New President
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THE JAPAN NEWS
Nippon Telegraph and Telephone Corp. said Thursday that it will promote Senior Executive Vice President Akira Shimada to the post of president, effective June 24.
Shimada, 64, will replace Jun Sawada, 66, who will become chairman with the right to represent the holding company.
T...
Nippon Telegraph and Telephone Corp. said Thursday that it will promote Senior Executive Vice President Akira Shimada to the post of president, effective June 24.
Shimada, 64, will replace Jun Sawada, 66, who will become chairman with the right to represent the holding company.
T...
- May 13, 2022
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Toyota Posts Record Full-Year ¥2.82 Tril Net Profit
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JAPAN TODAY
Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.
The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, repor...
Toyota on Wednesday posted a record full-year net profit helped by strong sales and a cheaper yen, but issued cautious forecasts as the pandemic and war in Ukraine disrupt supply chains.
The Japanese auto giant, which kept its crown as the world's top-selling carmaker in 2021, repor...
- May 12, 2022
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Sony Logs Record Full-Year Sales But Net Profit Dips
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JAPAN TODAY
Sony Group Corp on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, while net profit dipped 14 percent from the previous year's record high.
A lockdown-fuelled gaming boom has slowed, but the Japanese gian...
Sony Group Corp on Tuesday reported its best-ever sales in the financial year to March thanks to strong results in movies, electronics and music, while net profit dipped 14 percent from the previous year's record high.
A lockdown-fuelled gaming boom has slowed, but the Japanese gian...
- May 11, 2022
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