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Toshiba Suspends Spin-Off Plan; Weighs Going Private

  • Category:Other
JAPAN TODAY
 
Troubled Japanese conglomerate Toshiba has said it is suspending its plan to split into two after last month's shareholder vote against the idea and will now weigh the possibility of going private.
The firm announced in a statement Thursday that its management team will lead discuss...

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Japan's Current Account Recovered From Major Deficit In February

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JAPAN TIMES
 
Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for policymakers amid a deterioration in economic fundamentals.
Soaring fuel costs and a weak yen have expanded the nation’s ...

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Amid Deepening Yen Weakness, A Mixed Blessing Sours For Japan

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JAPAN TIMES
 
A weaker yen has long been considered a boon for Japan’s economy, helping blue-chip exporters such as Toyota Motor Corp. But that narrative is increasingly in question as the yen’s recent plunge aggravates the impact of surging commodity prices, hitting some businesses and consumers...

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IMF Cuts Japan's 2022 Growth Outlook; Warns Of Risks From Russia's War In Ukraine

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JAPAN TODAY
 
The International Monetary Fund has slashed Japan's economic growth forecast for 2022 to 2.4 percent from its earlier estimate of 3.3 percent, citing elevated uncertainty stemming from Russia's war in Ukraine.
"Escalation of the Ukraine conflict poses significant downside risks to t...

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KBRI Helps Expedite Indonesia-Japan Business Cooperation

  • Category:Event
ANTARA NEWS
 
Japanese private enterprises Rise Holdings and J. Shangri-La Medical Holdings inked two business agreements in the health sector with their local partner in Indonesia, Pelangi Mitra Selaras. The agreements were facilitated by Indonesian Embassy (KBRI) in Tokyo.
Jakarta (ANTARA) - Th...

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Japan’s Central Bank Will Be ‘Alarmed’ If Yen Crosses 130 Per Dollar, Says Ex-Vice Minister

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CNBC
 
Key PointsThe Bank of Japan will be “alarmed” if the dollar-yen level crosses above the 130 level, according to Eisuke Sakakibara, a former vice minister of finance for international affairs.The Japanese yen has weakened for weeks amid expectations the Bank of Japan would be slower than ot...

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China's COVID-19 Policy, Yuan's Rise Vs Yen May Beset Japan's Economy

  • Category:Other
JAPAN TODAY
 
Japan's economy, which has already been facing downward pressure against a backdrop of the Ukraine crisis and the yen's depreciation, may also be plagued by China's radical "zero COVID" policy and the yuan's rising trend.
With energy and commodity prices increasing globally in the w...

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Video Game Maker Capcom Promises To Increase Worker Salaries By 30 Percent

  • Category:Other
SORA NEWS
 
New hires to get paid more too following very profitable year.
Since April is the start of the business year in Japan, it’s also when companies announce many of their major policy changes, and video game developer Capcom just made one announcement that’s going to make a lot of people ...

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TEPCO Plans To Hire Outside Specialists For Counterterrorism

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THE JAPAN NEWS
 
Tokyo Electric Power Company Holdings Inc. plans to hire outside specialists to counter terrorism in response to the discovery of multiple serious flaws in anti-terrorism measures at its Kashiwazaki-Kariwa Nuclear Power Station, according to the firm.
TEPCO announced Wednesday th...

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Companies Revive In-Person Ceremonies As New Recruits Start Work

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JAPAN TODAY
 
New recruits at companies, public offices, and other organizations in Japan began work Friday, the start of the fiscal year, with some firms reviving in-person ceremonies for the first time since the outbreak of the coronavirus pandemic more than two years ago.
Toyota Motor Corp, ba...

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