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Uniqlo Eyes Expansion Into India

  • Category:Shopping
THE JAPAN NEWS
 
NEW DELHI/MUMBAI (Bloomberg) — Fast Retailing Co., operator of the Uniqlo casual-wear brand, has applied to open stores in India as Asia’s largest clothing chain increases its reliance on overseas markets.
The Japanese company submitted an application on Nov. 21 seeking governmen...

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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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Toshiba to Remove Times Square Advertising In Cost-cutting Move

  • Category:Other
JAPAN TODAY
 
TOKYO - Toshiba Corp will remove its corporate logo from its prominent position atop the One Times Square building overlooking New York's iconic tourist hub as part of cost-cutting efforts, sources close to the matter said Wednesday.
In addition to terminating its contract for the T...

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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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Honda Recalls 800,000 Minivans Over Faulty Seats

  • Category:Event
JAPAN TODAY
 
TOKYO - Honda is recalling about 800,000 of its Odyssey minivans in the United States over faulty parts blamed for 46 minor injuries, the company said, just a month after settling a huge lawsuit on other defects.
The recall, which affects the 2011-2017 models sold in the U.S., may l...

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Toshiba Board to OK Plan to Raise ¥600 bil. to Stay on TSE

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Reuters) — Toshiba Corp. will decide on Monday to raise some $5 billion from overseas investors, allowing the troubled conglomerate to remain a publicly traded company even if the sale of a key business is delayed, two people with direct knowledge of the process said.
Tosh...

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Toyota to Sell EVs in China From ’20

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Bloomberg) — Toyota Motor Corp. will introduce electric vehicles in China from 2020 and is considering selling battery-powered autos developed by its local partners under the Japanese marque as Beijing prepares to tighten environmental regulations.
“To respond comprehensiv...

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Beaujolais Nouveau Released in Japan Amid Declining Demand

  • Category:Gourmet
JAPAN TODAY
 
TOKYO - The Beaujolais Nouveau 2017 vintage went on sale in Japan on Thursday, but with people's tastes maturing, the traditional celebration of the French wine's seasonal release is on the decline.
As imports of the wine from the Beaujolais region are expected to fall for the fifth...

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GDP Sees 1.4% Annualized Rise, Marking Longest Growth in 16 Years

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Japan’s gross domestic product expanded for the seventh straight quarter in July-September, the longest growth in 16 years, led by strong exports on the back of the global economy recovery, government data showed Wednesday.
The country’s GDP enjoyed such a lo...

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Toshiba Sells TV Business to China's Hisense

  • Category:Event
JAPAN TODAY
 
TOKYO - Struggling Japanese conglomerate Toshiba said Tuesday it has decided to sell its television business to China's Hisense Group as part of its efforts to restore its balance sheet.
Toshiba agreed with the Chinese group to sell 95 percent in shares of its unit Toshiba Visual So...

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