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Japan's Major Shipping Firms Boosting Cruise Vessel Biz

  • Category:Other
NIPPON
 
Major shipping companies in Japan are boosting their cruise liner operations to meet globally growing demand for trips on luxury ships after the COVID-19 pandemic.
"This is a good opportunity," said Tsunemichi Mukai, president of MOL Cruises Ltd., the cruise ship operating arm of Mitsui ...

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Toyota Subsidiary Hino Makes Deal To Settle Emission Fraud Case In U.S.

  • Category:Other
JAPAN TODAY
 
U.S. officials late Wednesday announced a $1.6 billion deal with Toyota subsidiary Hino Motors to settle charges it deceived regulators about the amount of emissions spewed by its diesel engines.
Hino used altered emissions test data to get approval to import and sell more than 110,...

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Rival Buyer For U.S. Steel Emerges As U.S. Extends Deadline On Nippon Steel's Bid

  • Category:Other
JAPAN TODAY
 
The bid by Nippon Steel to buy U.S. Steel may have a new lease on life, even as the potential for a new bid for the storied Pittsburgh steelmaker began to emerge Monday.
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he w...

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LDP Exec Urges China to Resume Fishery Imports from Japan

  • Category:Other
NIPPON
 
An executive of Japan's ruling Liberal Democratic Party on Tuesday urged China to abolish its import restrictions on Japanese fishery products.
Hiroshi Moriyama, secretary-general of the LDP, also requested Beijing to secure the safety of Japanese nationals in China.
Moriyama made the re...

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U.S. Extends Deadline For Nippon Steel To Abandon Takeover To June 18

  • Category:Other
JAPAN TODAY
 
U.S. authorities extended a deadline imposed on Nippon Steel Corp and U.S. Steel Corp to abandon their merger plan to June 18, the companies said Sunday, a move that came as they fight to advance the deal in courts.
U.S. President Joe Biden issued an order on Jan 3 to block the $14....

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BYD Surpass Toyota In Japan’s 2024 EV Sales

  • Category:Driving
CAR NEWS CHINA
 
BYD overtook Toyota in its all-electric vehicle sales last year for the first time. 59,736 all-electric vehicles were sold in Japan in 2024, down 33% from the previous year – the first decline in four years.
BYD sold 2,223 electric vehicles in 2024, up 54% from the year before. T...

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Suzuki Exhibits ‘Electric Cart’ Developed with Startup; Company Makes CES Debut

  • Category:Other
JAPAN NEWS
 
Suzuki Motor Corp. made its CES debut in Las Vegas this week, exhibiting a light truck and electric vehicles jointly developed with various startups.
CES is one of the world’s largest technology exhibitions.
President Toshihiro Suzuki spoke to The Yomiuri Shimbun among other media at...

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Apollo Plans To Expand In Japan, Add Staff To Its Asia Wealth Business

  • Category:Other
BUSINESS STANDARD
 
Apollo Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global investment firms pump more resources into the region to capitalise on a surge in deals and assets. 
The New York-based asset manager aims to ...

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Japan’s ¥36.4 Trillion M&A Boom Expected To Grow As Activist Investors Circle

  • Category:Other
JAPAN TIMES
 
Japan’s dealmakers are expecting a busier 2025 after more than ¥36.4 trillion ($230 billion) in mergers and acquisitions last year, underpinned by companies’ changing attitudes around business expansion.
Sitting on ample cash and trading at low valuations, firms in Japan are becomin...

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Resona Bank Apparently Hit by Another Cyberattack

  • Category:Event
JAPAN NEWS
 
Resona Bank was apparently hit by another cyberattack on Tuesday, as its internet banking service for retail customers was temporarily inaccessible.
The bank intermittently experienced a similar situation around the turn of the year.
According to the bank, Tuesday’s glitch began arou...

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