Kobe Steel to secure 70 B. yen by selling assets
October 28, 2017
TOKYO- Kobe Steel Ltd. has shown creditor financial institutions a plan to secure some 70 billion yen mainly by selling some assets earlier than scheduled, informed sources told Jiji Press on Friday. The steelmaker aims to strengthen its financial base
DP head Maehara to resign before diet session
October 28, 2017
TOKYO- Democratic Party leader Seiji Maehara said Friday that he will resign before a special Diet session starts on Wednesday, to take responsibility for a split of the major Japanese opposition party just before Sunday’s general election. Maehara announced the
Japanese less interested in Senkakus, Takeshima: Govt surveys
October 28, 2017
TOKYO- Japanese people have grown less interested in the Senkaku Islands in Okinawa Prefecture and the islets of Takeshima in Shimane Prefecture, claimed by China and South Korea, respectively, Cabinet Office surveys showed Friday. According to the surveys, conducted in
Subaru admits improper vehicle inspections for over 30 years
October 28, 2017
TOKYO- Subaru Corp. said Friday that unqualified workers engaged in final vehicle inspections at a domestic factory for over 30 years, dealing an additional blow to the Japanese manufacturing industry’s reputation for product quality. Subaru will recall about 255,000 vehicles
Niigata governor remains cautious about TEPCO N-Plant restart
October 27, 2017
Niigata Governor Ryuichi Yoneyama indicated on Friday that he remains cautious about a restart of Tokyo Electric Power Company Holdings Inc.’s Kashiwazaki-Kariwa nuclear power plant in the central Japan prefecture. Meeting at Yoneyama’s office in the city of Niigata, TEPCO
Abe calls for 3% pay hike in 2018 “Shuntoˮ wage talks
October 27, 2017
Japanese Prime Minister Shinzo Abe on Thursday called on companies to accept a 3 percent pay hike in the “shunto” labor-management negotiations next spring, even larger than the average hike of about 2 percent a year before. “I hope that
Nikkei tops 22,000 for 1st time in over 21 years
October 27, 2017
The benchmark Nikkei average surged on the Tokyo Stock Exchange Friday on the strength of brisk corporate earnings, surpassing the 22,000 threshold for the first time in almost 21 years and four months. The 225-issue Nikkei average gained 268.67 points,
Subaru, too, lets unqualified workers check vehicles
October 27, 2017
Like Nissan Motor Co., Subaru Corp. used unqualified workers for inspections of finished vehicles at its plant in Gunma Prefecture, eastern Japan, informed sources said Friday.Subaru detected the misconduct during an in-house investigation launched at the transport ministry’s direction to
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