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Japan’s Honda To Halt Commuting Allowance, Add For Telework

  • Category:Other
THE JAPAN NEWS
 
Honda Motor Co. plans to abolish fixed commuting allowances and instead switch to the reimbursement of actual expenses from October. The move is in response to the increase of teleworkers within the company.
A new ¥250 telecommuting allowance, intended to reduce the employees’ bu...

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Few Signs of Business Upturn to Cheer Japan’s Small and Medium-Sized Companies

  • Category:Other
NIPPON.COM
 
The Organization for Small & Medium Enterprises and Regional Innovation, Japan has been conducting a survey on the impact of the COVID-19 crisis on small and medium-sized businesses every month since April of this year, targeting 2,000 such businesses.
The results of the July survey ...

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Buffett's Berkshire Hathaway Buys Stakes In 5 Japanese Trading Houses

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JAPAN TODAY
 
 
Billionaire investor Warren Buffett's Berkshire Hathaway Inc said Sunday it has acquired slightly more than 5 percent of shares in five major Japanese trading companies, including Mitsubishi Corp and Mitsui & Co.
The company is planning a long-term investment and may increase its ...

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Japan Companies Seek To Ease Incoming Employees’ Anxiety Through Online Get-Togethers

  • Category:Other
THE JAPAN NEWS
 
As the novel coronavirus continues to spread, an increasing number of businesses are holding online social gatherings and training sessions for new employees scheduled to join the companies next spring.
Many job offers have been made through a solely online screening process this...

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Toshiba's Former Memory Business, Kioxia, Files For IPO In Japan

  • Category:Other
TECH SPOT
 
 Forward-looking: Kioxia hopes to raise significant capital with an IPO set for this October, and stakeholders, Toshiba and Bain Capital, look to cash out. As the world's second-largest NAND flash producer, Kioxia's projected market capitalization of more than $18.9 billion would make...

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Pandemic May Push Japan Banks' Credit Costs To Crisis Levels: BOJ's Suzuki

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JOURNAL PIONEER
 
TOKYO (Reuters) - Japanese financial institutions may see credit costs balloon to levels hit during the global financial crisis if a resurgence in coronavirus infections hammer the economy, Bank of Japan (BOJ) board member Hitoshi Suzuki said.
Suzuki said the BOJ's massive stimu...

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Job Losses Loom As Vanguard Group Closes Hong Kong, Japan Operations

  • Category:Other
BUSINESS STANDARD
 
US asset manager Vanguard Group will close its Hong Kong and Japan operations and cut jobs across both locations as it shifts its Asian headquarters to Shanghai, it said on Wednesday.
The largest mutual fund company, with roughly $6 trillion in assets under management, said in...

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Honda Motor Units To Pay $85 Million To Settle U.S. States' Probe Over Takata Air Bags

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REUTERS.UK
 
NEW YORK (Reuters) - Units of Honda Motor Co (7267.T) have agreed to pay $85 million to settle an investigation by most U.S. states into its use of defective Takata airbag inflators in its vehicles, according to a consent order made public on Tuesday.
The state probes are connected w...

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Coronavirus Crisis Threatens To Unravel Japanese Artist's Kimono Ambitions

  • Category:Other
JAPAN TODAY
 
TOKYO - Japanese artist Hiroko Takahashi fought through sexism and suspicion from traditional kimono artisans to establish a globally known brand that sold hundreds of her original garments every month - until the coronavirus devastation hit.
Takahashi has tried to regroup by sellin...

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Exclusive: UK-Japan Trade Deal In Doubt For Monday's Deadline

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CITY AM
 
Doubts are growing in Whitehall that a UK-Japan trade deal will be completed by next week’s deadline, despite Downing Street saying just yesterday the target would be met.
The Prime Minister’s official spokesman told journalists yesterday that Boris Johnson expected the deal to be close...

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