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Giappone
Abe to decide on second stage of tax hike after election: sources
Prime Minister Shinzo Abe plans to wait until after this summer’s Upper House election before deciding whether to go ahead with the second stage of a consumption tax hike as scheduled, sources close to Abe have said. A second-stage 2 percentage point hike, to 10 percent, is planned for April ...
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Giappone
Monthly machinery orders rise 5.5% in sign of higher business investment
The nation’s core private-sector machinery orders rose a seasonally adjusted 5.5 percent in March from the previous month, following a 9.2 percent decline in February, the government said Thursday. The orders, widely viewed as a leading indicator of future capital spending, totaled ¥895.1 billion, the Cabinet Office said. The orders ...
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Giappone
Mitsubishi Motors scandal was an accident waiting to happen
It’s a familiar Japanese corporate ritual: a deep bow before the cameras to atone for wrongdoing. And when it comes to the art of public mea culpa, few companies can top scandal-prone Mitsubishi Motors Corp. On Wednesday, President Tetsuro Aikawa announced his resignation effective June 24, to take responsibility for ...
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Giappone
Japanese firms jumping on 2020 Paralympics bandwagon
As Tokyo prepares to host the 2020 Summer Olympics and Paralympics, an increasing number of Japanese companies are throwing their support behind athletes with disabilities. From hiring athletes to developing clothing for them, a wide range of firms are getting involved. Toyota Motor Corp., one of the top sponsors of ...
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Giappone
Trump talks tough on firms that outsource but also invested in them
Donald Trump has been tough on American companies that have moved jobs to other countries. That hasn’t stopped the presumptive Republican presidential nominee from investing in them. Trump has denounced units of United Technologies Corp., Ford Motor Co. and Mondelez International Inc. on the campaign trail — and has received ...
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USA Giappone
Contentious TPP will only bring modest gains to U.S., report concludes
A contentious trade deal between the United States and 11 Pacific Rim nations would give the U.S. economy a modest boost, an independent federal agency reported Wednesday. The U.S. International Trade Commission said the Trans-Pacific Partnership would increase economic growth and create jobs. But the gains would be vanishingly small: ...
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USA Giappone
Rare 1865 ‘Alice’ edition to go on block at Christie’s, may fetch $3 million
A first print-run of Lewis Carroll’s “Alice’s Adventure in Wonderland” is heading to auction where it could fetch as much as $3 million. It’s one of only six 1865 copies in private hands. Christie’s New York is offering it on June 16. The book contains 42 original drawings by the ...
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Giappone
LinkedIn tells 100,000 users to change passwords over data leak from 2012 hack
The professional social network LinkedIn told members Wednesday that data from some 100 million users stolen in a 2012 hack had been leaked online, and recommended a change in passwords. LinkedIn had said in 2012 that some 6.5 million user records may have been breached, but this week learned that ...
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Giappone
SoftBank’s Pepper robot becomes Android friendly
SoftBank Robotics Corp. said Thursday it has expanded opportunities for app developers to use Google’s Android platform for its humanoid robot Pepper. It hopes to encourage more programmers to develop apps for the device. An Android-ready Pepper model will go on sale in July, though only for developers, and on ...
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Giappone
Dollar tops ¥110 in Tokyo on Fed hopes
The dollar climbed above ¥110 in Tokyo trading on Thursday, attracting buying after minutes of the U.S. Federal Reserve’s policy-setting meeting in April suggested that the Fed could hike interest rates. At 5 p.m., the dollar stood at ¥110.07-07, up from ¥109.43-43 at the same time Wednesday. The euro was ...