Toshiba shareholders OK memory biz split
March 31, 2017
Shareholders of struggling Japanese electronics and machinery maker Toshiba Corp. on Thursday approved the company’s plan to split off its lucrative flash memory business as a way to remedy its balance sheet. The approval was given at an extraordinary general
10 major electricity firms to raise rates in May
March 31, 2017
Tokyo- Japan’s 10 major electricity suppliers will raise their rates in May, according to their billing plans announced Thursday. The May bills for an average household will rise by 153-213 yen from the previous month, marking the fourth straight month of
Unemployment rate drops to 22-year low, household spending slumps
March 31, 2017
TOKYO- Japans unemployment rate dropped to 2.8 percent in February from a month earlier, marking a 22 year low, government data released on Friday showed. Separate data from the Ministry of Health, Labor and Welfare showed that the job availability in
Government adopts measures to address gambling addiction
March 31, 2017
TOKYO- The Japanese government adopted an outline of measures to address gambling addiction on Friday. The move is apparently part of efforts to prepare for a possible lifting of the country’s ban on casinos. Parliament enacted a law in December to
Legoland Japan considered boon to local tourism
March 30, 2017
Nagoya- Local government and business officials pin high hopes on an outdoor Legoland theme park set to open in Nagoya, Aichi Prefecture, central Japan, on Saturday. Legoland Japan is considered to be a boon to tourism in the Chubu central region
Companies ask government to ease impact of Brexit
March 30, 2017
TOKYO- Japanese companies asked their government on Wednesday to work to minimize the impact of Britain’s exit from the European Union, or Brexit, on their businesses, as Britain formally notified the EU of its withdrawal the same day. The Japanese industry
Toshiba warns of one trillion yen annual loss on Westinghouse bankruptcy
March 30, 2017
TOKYO- Toshiba Corp. said Wednesday its consolidated net loss for the current business year could total 1,010 billion yen, far exceeding its February estimate of 390 billion yen, due to its debt guarantee for US subsidiary Westinghouse Electric Co., which filed
LDP urges govt’s to mull capacity to attack enemy bases
March 30, 2017
TOKYO- Japan’s ruling Liberal Democratic Party on Wednesday decided recommendations that urge the government to promptly consider creating a capability to attack the missile bases of any enemy. The recommendations also call for studying the introduction of new defense equipment, such
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