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Toyota's Q1 Profit Dented by Yen Rally, North American Sales Drop

  • Category:Other
JAPAN TODAY
 
TOKYO — Toyota on Thursday posted a nearly 15 percent drop in its April-June net profit, hit by a sharp rally in the yen and falling North American vehicle sales.
The world’s biggest automaker also trimmed its full-year profit and sales forecasts, underscoring the negative impact th...

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Helicopter Money Talk Takes Flight as BOJ Runs Out of Room

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Reuters) — The Bank of Japan’s review of its monetary stimulus program promised for September has revived expectations it could adopt some form of “helicopter money,” printing money for government spending to spur inflation.
The BOJ disappointed market hopes on Friday that...

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JAL's Three-month Profit More Than Halves

  • Category:Other
JAPAN TODAY
 
TOKYO — Japan Airlines said Friday its three-month net profit more than halved as savings from a decline in fuel costs could not make up for weak travel demand at home and abroad.
Falling oil prices have helped the carrier’s bottom line—fuel is often an airline’s single-biggest expe...

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Takashimaya Opens Store in Vietnam

  • Category:Shopping
THE JAPAN NEWS
 
HO CHI MINH CITY (Jiji Press) — Takashimaya Co. opened a store in Ho Chi Minh City on Saturday, becoming the first Japanese department store operator to have an outlet in Vietnam after the end of the Vietnam War.
Takashimaya aims to lure middle-class and wealthy consumers in the ...

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Canon Slashes Profit Forecast Due to Strong Yen

  • Category:Other
JAPAN TODAY
 
TOKYO — Canon chopped its annual profit forecast Tuesday as the camera and copier maker warned that a sharp rise in the yen was taking a bite out of its bottom line.
The company said it now expected weaker sales and a net profit of 180 billion yen ($1.7 billion) this year, down 10 p...

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Abe Unveils Y28 Tril Economic Stimulus Package

  • Category:Other
JAPAN TODAY
 
TOKYO — Japan launched an economic stimulus package worth more than 28 trillion yen ($266 billion) on Wednesday, days before the central bank is expected to unveil its own growth-boosting measures.
Prime Minister Shinzo Abe announced the program in a speech in Fukuoka, giving few de...

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Taxi Industry Prepares For Fiercer Competition

  • Category:Driving
THE JAPAN NEWS
 
The taxi industry is improving its services to prepare for fierce competition with emerging on-demand ride-hailing services and other start-up companies.
Taxi companies in Tokyo have recently submitted an application to the Land, Infrastructure, Transport and Tourism Ministry to ...

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Nintendo Shares Plunge 16% On Pokemon Go Warning

  • Category:Other
JAPAN TODAY
 
TOKYO — Nintendo shares dived Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits for the Japanese video game giant.
The stock plunged about 16% to 23,720 yen in early trading after it more than doubled in a huge rally followin...

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High-end Hotels See Construction Boom In Tokyo

  • Category:Other
THE JAPAN NEWS
 
Luxury hotels are set to open in Tokyo with the aim of attracting an increasing number of tourists visiting Japan and affluent people such as corporate managers who visit the metropolis on business.
On Wednesday, Nagano Prefecture-based Hoshino Resorts Inc. opened
Hoshinoya Tokyo...

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Pepper Robot Gets New Job Selling Insurance

  • Category:Other
THE JAPAN NEWS
 
A major life insurance company will deploy humanoid robots nationwide this autumn, using them to wait on customers at its offices and sending them out on sales calls.
Meiji Yasuda Life Insurance Co. has announced plans to deploy 100 Pepper robots, made by SoftBank Group Corp., at...

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