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Toshiba Faces Grilling From Shareholders

  • Category:Event
THE JAPAN NEWS
 
CHIBA (Jiji Press) — Toshiba Corp. President Satoshi Tsunakawa directly apologized to shareholders on Wednesday for the company’s continuing failure to fix its fiscal 2016 earnings and a delay in sealing a contract to sell its Toshiba Memory Corp. unit.
“We deeply apologize for r...

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Nissan's Ghosn Was Paid Y1.1 Billion in FY 2016

  • Category:Other
JAPAN TODAY
 
TOKYO - Nissan Motor Co Chairman Carlos Ghosn was paid 1.10 billion yen in fiscal 2016, the largest remuneration package handed out since the automaker began disclosing such payments, the company said Tuesday.
His package, exceeding the 1 billion yen mark for the third straight year...

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Toshiba to Further Delay Financial Report

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Toshiba Corp. submitted to regulators on Friday a request to extend the deadline for presenting its fiscal 2016 financial report from the end of this month.
The Kanto Local Finance Bureau gave its approval for the application to reset the deadline to Aug. 10....

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Indonesia Considers Restricting Used Train Car Imports from Japan

  • Category:Event
THE JAPAN NEWS
 
JAKARTA — Moves to restrict imports of used Japanese train cars have surfaced in Indonesia, where Japan-built rolling stock is a mainstay of rail lines.
The Indonesian government began discussing restricting imports in response to calls for putting higher priority on domestic tra...

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BOJ Keeps Policy Unchanged Amid Growing Pressure to Discuss Stimulus Exit Plan

  • Category:Event
JAPAN TIMES
 
With inflation still distant from its target, the Bank of Japan left its monetary stimulus program on cruise control, saying improving private consumption will support a growing economy.
The policy statement Friday came on the heels of the Federal Reserve’s third interest rate incre...

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Nikkei Hits 22-month Closing High

  • Category:Event
THE JAPAN NEWS
 
TOKYO (Jiji Press) — The benchmark Nikkei average advanced further to end at its highest level in about 22 months on the Tokyo Stock Exchange on Tuesday, supported by the yen’s weakening against the dollar and U.S. equities’ advance overnight.
The 225-issue Nikkei average jumped ...

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U.N. Rights Rapporteur Criticizes Passage of ‘Conspiracy Bill’

  • Category:Event
JAPAN TODAY
 
TOKYO - The U.N. special rapporteur on the right to privacy, Joseph Cannataci, has criticized the enactment of a law targeting conspiracies to commit terrorism and other serious crimes on Thursday.
In an email to Reuters, Cannataci said the Japanese government had used "the psycholo...

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Air Bag Maker Takata to File for Bankruptcy This Month, Sources Say

  • Category:Event
JAPAN TODAY
 
NEW YORK/WASHINGTON - Takata Corp, the Japanese company facing billions in liabilities stemming from its defective air bag inflators, is preparing to file for bankruptcy as early as next week as it works toward a deal for financial backing from U.S. auto parts maker Key Safety Syste...

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Calbee to Resume Potato Chip Sales

  • Category:Gourmet
JAPAN TODAY
 
TOKYO - Snack food maker Calbee Inc it will restart selling three brands of potato chips it halted in April from next week, as it is now able to procure enough potatoes.
Calbee had stopped sales of some of its potato chip brands due to a shortage of potatoes in Japan caused by a poo...

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Toyota Chiefs Vow to Work for Future Growth

  • Category:Event
THE JAPAN NEWS
 
TOYOTA, Aichi (Jiji Press) — Toyota Motor Corp. President Akio Toyoda told shareholders Wednesday that he will “work hard for sustainable growth” after the company suffered its first falls in both sales and profit in five years.
The leading automaker reported its business results...

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