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Hitachi To Buy Majority Stake In ABB's Power Grid Arm For $6.4 Bil

  • Category:Other
JAPAN TODAY
 
TOKYO  -  Japan's Hitachi on Monday announced plans to buy a majority stake in the power grid business of Swiss-Swedish engineering giant ABB for $6.4 billion, in what would be its biggest ever buyout.
The deal would make Hitachi the world's largest power grid company, local media s...

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Softbank Corp Shares Slide 10% On Debut After Record Japan IPO

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THE STAR ONLINE
 
TOKYO: SoftBank Corp shares slumped more than 10 percent in their debut on Wednesday, as investor appetite for Japan's biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom gear maker Huawei.
Following its $23.5 billion initi...

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Nissan Board Meets But No Chairman Picked To Replace Ghosn

  • Category:Other
THE JAPAN NEWS
 
 
YOKOHAMA (AP) — Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed.
Nissan Motor Co. Chief Executive Hiroto Saikawa told reporters that...

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Philippines' First LNG Terminal Sought By China And Japan

  • Category:Event
NIKKEI ASIA
 
Manila prepares to import the fuel as its gas fields run dry
MANILA/BEIJING/TOKYO -- The Philippines has become a new front in China and Japan's infrastructure rivalry as companies from both countries bid to build the archipelago's first liquefied natural gas terminal.
In the past f...

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Visitors To Japan In ’18 Set To Hit 30 Million

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — The number of visitors to Japan in 2018 is expected to reach 30 million as early as next week, tourism minister Keiichi Ishii said Friday.
It would be the first time for Japan to have 30 million visitors in a year.
Speaking at a press conference, Ishii said, ...

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Amazon Japan And Mercari Join Japan’s Top Business Lobby Keidanren

  • Category:Other
JAPAN TIMES
 
Amazon Japan, a unit of U.S. online retail giant Amazon.com Inc., and flea market app operator Mercari Inc. joined Keidanren, Japan’s top business lobby, on Friday, the organization said.
Keidanren, mainly consisting of major manufacturers as its members, is apparently looking to re...

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EU-Japan Trade Deal Approved For 2019

  • Category:Other
INDEPENDENT ONLINE
 
INTERNATIONAL – European Union and Japanese plans to form the world’s largest free trade area cleared their final hurdle on Wednesday when EU lawmakers backed a partnership set to enter force early next year.
The European Parliament voted 474 in favour to 156 against the agre...

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Japanese Firms See Trade War, Sales Tax Pressuring Economy In 2019: Poll

  • Category:Other
JAPAN TODAY
 
TOKYO  -  Most Japanese firms expect flat or weaker domestic growth next year and are even more pessimistic about global growth amid concerns over the impact of the U.S.-China trade war and a planned sales tax hike at home, a Reuters poll shows.
"There's no doubt the sales tax incre...

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Tough Market for Streaming, Japan Gets Hi-Res Service From Sony Music

  • Category:Other
BILLBOARD
 
 "I’m not sure this service will be successful," remarks a Sony Music Entertainment Japan executive on "mora qualitas," a collaboration with Rhapsody.
Sony Music’s new Japanese high-resolution streaming service may face an uphill battle in a market that’s been slow to embrace streamin...

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Facing Critical Labor Shortage, Japan Opens Door Wider To Foreign Workers

  • Category:Event
NPR
 
Japanese lawmakers have passed controversial legislation expanding the number of semi-skilled foreign workers who can live and work in the notably insular nation for up to five years.
Japan has been pressed to make the change because of a critical labor shortage that results from its rapidl...

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