Seizure of Nippon Steel Assets Requested over Wartime Labor
January 2, 2019
Seoul–South Korean plaintiffs in a wartime labor lawsuit have filed with a local court for the seizure of Nippon Steel & Sumitomo Metal Corp. assets in the country, the plaintiff side announced on Wednesday. The move came after South Korea’s
Japan Emperor Wishes for Better Year for People
January 2, 2019
Tokyo–Japanese Emperor Akihito expressed his wish for a better year in his New Year address to a large crowd of people gathered at the Imperial Palace in central Tokyo on Wednesday. This was the final New Year greeting to the
INTERVIEW: Ex-BOJ Exec Sees Monetary Policy Easing Ahead
January 2, 2019
Tokyo–The Bank of Japan is expected to consider how to ease monetary policy further as the global economy is seen decelerating, former BOJ Deputy Governor Hirohide Yamaguchi has said. “In 2019, the global economy is expected to decelerate mildly after
Climate Change Prompting New Rice Development Race
January 2, 2019
Tokyo–Climate change is a major factor prompting competition to develop new rice brands in Japan in recent years. With the quality of rice grown in years with very hot summers tending to be inferior, efforts are focused on developing new
One Unconscious as Man Slams Car into Pedestrians in Tokyo
January 2, 2019
Tokyo–A man slammed a car into pedestrians in central Tokyo’s Harajuku district early New Year’s Day on Tuesday, leaving eight people injured, including one unconscious. The Metropolitan Police Department arrested the man, who identified himself as Kazuhiro Kusakabe, 21, on
BOJ Could Face Monetary Policy Dilemma in 2019
January 2, 2019
Tokyo–The Japanese economy headed into 2019 amid increasing concerns over a global slowdown stemming partly from U.S.-China trade friction, possibly placing the Bank of Japan in a monetary policy dilemma. Following global financial market turmoil in late 2018, hopes may
Japan to Start Collecting 1,000-Yen Departure Tax
January 2, 2019
Tokyo–Japan will start on Monday collecting a departure tax of 1,000 yen per person leaving the country by aircraft or ship regardless of nationality. Under the law on the International Tourist Tax, which was enacted in April 2018, the levy
EXCLUSIVE: Nissan Funds Allegedly Flowed to Ghosn via Dummy Firms
January 2, 2019
Tokyo–Hundreds of millions of yen in funds had allegedly flowed to former Nissan Motor Co. Chairman Carlos Ghosn and his relatives from the Japanese automaker via overseas dummy firms, informed sources told Jiji Press Monday. The allegations surfaced through an
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