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Giappone
VW offers $1,000 in gift cards, vouchers to 482,000 owners of small diesel cars
Volkswagen is offering $1,000 in gift cards and vouchers as a goodwill gesture to owners of small diesel-powered cars involved in an emissions cheating scandal. The offer announced Monday goes to owners of 482,000 cars in the U.S., many who are angry at the company because they paid extra for ...
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Giappone
Moody’s downgrades Toshiba credit rating
Moody’s downgraded the credit rating of embattled electronics giant Toshiba Corp. on Monday days after the conglomerate announced deep midyear operating losses late last week. The agency slashed the Japanese company’s rating from Baa2 to Baa3 and also changed Toshiba’s outlook from stable to negative. “The rating action was prompted ...
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Giappone
Honda to build new test track in Thailand
Honda Motor Co.’s Bangkok-based center for automotive research and development for Asia and Oceania has announced it is building an all-new automobile test course in Prachinburi province in eastern Thailand. The announcement was made by Fumihiko Ike, Honda’s chairman and representative director, during a ceremony Monday at an industrial park ...
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Giappone
Toshiba investigation panel releases full report detailing five execs’ malfeasance
An independent panel investigating bookkeeping irregularities at Toshiba makes the full text of its report available to the public. The post Toshiba investigation panel releases full report detailing five execs’ malfeasance appeared first on The Japan Times.
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Giappone
Keidanren to OK June start for annual corporate recruitment drives
Keidanren (Japan Business Federation) will allow member firms in 2016 to launch their annual graduate recruitment drives in June, rather than August, Chairman Sadayuki Sakakibara said Monday. The move comes just after the nation’s biggest business lobby decided earlier this year to delay the launch date from April 1 to ...
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Giappone
Dollar hits two-month high near ¥123.50 on jobs data
The dollar hit a two-month high close to ¥123.50 in Tokyo trading on Monday as strong readings in U.S. jobs data for October boosted expectations of an interest rate hike by the Federal Reserve next month. At 5 p.m., the dollar stood at ¥123.38-39, up from ¥121.88-88 at the same ...
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Cina Giappone
Chinese firm to acquire Hoshino Resorts Tomamu in Hokkaido
Shanghai Yuyuan Tourist Mart Co., a Chinese commercial facility management company, said Wednesday it will buy up a Japanese ski resort operated by Hoshino Resorts Inc. for ¥18.3 billion. Through the move, the Shanghai firm aims to boost its earnings by meeting demand from the surging number of Chinese visitors ...
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Cina Giappone
U.N. urges more investment in cutting-edge technologies to drive growth
Japan, the United States but also increasingly China, are among the few nations driving global innovations like 3-D printing, the United Nations said Wednesday, urging more investments in fields expected to carry future economic growth. In a report on the importance of vanguard innovation on economic growth, the World Intellectual ...
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Giappone
Sumitomo Mitsui Construction says it cannot estimate earnings impact of scandal
Sumitomo Mitsui Construction Co. said Wednesday it cannot estimate the impact on future earnings of a scandal that began with falsified data for pilings of a now-tilting condominium building. Speaking at a news conference to announce earnings results, Sumitomo Mitsui Construction Vice President Yoshio Nagamoto apologized for causing worry, saying ...
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Giappone
Abe eager to cut corporate tax rate below 30% at early date
Prime Minister Shinzo Abe vowed Wednesday to further cut Japan’s corporate tax rate in the next fiscal year starting April, paving the way for slashing the rate to below 30 percent to boost investment and wages. Abe told a meeting of the Council on Economic and Fiscal Policy that the ...