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Softbank-Funded Hotel Firm Oyo Lays Off 10% Of India Staff

  • Category:Other
JAPAN TODAY
 
MUMBAI - Indian hotel giant Oyo said Tuesday it is cutting 1,000 employees, or 10 percent of its local staff, as it battles multiple allegations including bribery and pressure from Japanese backer SoftBank to cut costs.
An Indian newspaper said 2,400 jobs would go in total and that ...

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Japanese Companies Prepare To Profit From Olympic Games

  • Category:Event
JAPAN TIMES
 
Businesses in Japan are gearing up to take the opportunity of the 2020 Olympics and Paralympics this summer to boost their presence and expand sales.
One factor that may be vital to making the events a success is combatting the sweltering heat. Amid fears of another scorching summer...

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Nissan Denies Reported Plans To Split With Renault

  • Category:Other
JAPAN TODAY
 
TOKYO - Japanese auto giant Nissan is "in no way" planning to end its partnership with Renault, the Japanese automaker insisted Tuesday after a report suggested a divorce was possible in the wake of the Carlos Ghosn scandal.
Britain's Financial Times, citing "several people with kno...

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Japan, Vietnam OK To Boost 5G Cooperation

  • Category:Other
THE JAPAN NEWS
 
HANOI (Jiji Press) — Visiting Japanese Internal Affairs and Communications Minister Sanae Takaichi agreed with Vietnamese Prime Minister Nguyen Xuan Phuc on Thursday to strengthen the two countries’ cooperation to promote the development of fifth-generation, or 5G, ultrahigh-spee...

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Toyota to Build City for E-cars in Japan

  • Category:Other
AAWSAT
 
Japanese automaker Toyota has decided to build its own city for some 2,000 people and electric cars only.
The city will be established for testing purposes to experiment self-driving technique, connected vehicles, and other innovations in this field.
The Motor Trend website reported that...

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Japan's Household Spending Continues Drop In November

  • Category:Other
BUSINESS TIMES
 
Weak consumption is adding to the risk economic growth could stall in the final quarter of 2019 or even contract
JAPANESE household spending fell for a second straight month in November and by more than forecast, suggesting that a higher sales tax may weigh on private consumption...

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Tokyo Stocks Plunge, Yen Surges Amid Rising Middle East Tensions

  • Category:Other
JAPAN TODAY
 
TOKYO - Japan's financial markets saw turbulence Monday, the first trading day of 2020, with Tokyo stocks plunging and the yen climbing against the U.S. dollar in the wake of escalating tensions in the Middle East.
The 225-issue Nikkei Stock Average ended down 451.76 points, or 1.91...

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Japan Loves Robots, But Human Work Is Not Easy For Them

  • Category:Other
IRISH TIMES
 
Robots ‘cannot perform tasks requiring judgment or evaluate a change in a situation’Removing the tiny eyes that pockmark potatoes is dull, repetitive and time-consuming work – perfect, it would seem, for robots in a country where the population is declining and workers are increasin...

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Mizuho To Accelerate Digitization Push

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Jiji Press) — Mizuho Financial Group Inc. President Tatsufumi Sakai has expressed his intention to accelerate the group’s efforts to keep pace with digitization in financial services, including steps on money settlements and transfers.
Mizuho will aim to improve its custom...

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Flash-Crash Risks Spark Worry

  • Category:Other
THE JAPAN NEWS
 
TOKYO (Bloomberg) — As Japan enters a six-day New Year break, a sense of anxiety over the possibility of another flash crash is gripping currency traders.
The Financial Futures Association of Japan has already warned of market instability as the holidays create a liquidity vacuum...

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