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Giappone
Nissan faces uphill battle to help Mitsubishi Motors regain trust: Ghosn
Nissan Motor Co. President Carlos Ghosn said Friday the company will help Mitsubishi Motors Corp. under their planned tie-up to regain public trust damaged by a fuel economy scandal, although it will not be easy. “The biggest challenge is to support Mitsubishi changing itself and growing and being profitable, and ...
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Giappone
Mitsubishi Motors fuel efficiency scandal may have been organized from top down
It’s learned that a product development head consented to data fabrication in consultation with a testing subsidiary manager. The post Mitsubishi Motors fuel efficiency scandal may have been organized from top down appeared first on The Japan Times.
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Giappone
Greenback falls below ¥109 as stocks slide
The dollar fell below ¥109 in Tokyo trading on Friday, pressured by a slide in stocks. The dollar was at ¥108.78-79 at 5 p.m., down from ¥108.93-94 at the same time Thursday. The euro was at $1.1344-1344, down from $1.1407-1408, and at ¥123.40-45, down from ¥124.26-27. The dollar rose above ...
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Giappone
Nikkei snaps four-day winning streak with 234-point drop
The Nikkei average snapped its four-day winning streak Friday, pressured by selling to lock in gains ahead of the release of overseas economic data. It lost 234.13 points, or 1.41 percent, to close at 16,412.21 on the Tokyo Stock Exchange following Thursday’s rise of 67.33 points. The Topix index finished ...
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Giappone
Alibaba, SoftBank team up on Japan-focused cloud computing venture
Alibaba Group Holding Ltd. teamed with its largest shareholder SoftBank Group Corp. to form a cloud computing service venture targeting Japanese customers as the Chinese e-commerce giant expands one of its fastest growing businesses. The venture known as SB Cloud Corp. will open a new data center in Japan to ...
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Giappone
Mobile carriers stream to higher profits
Japan’s top three mobile carriers NTT Docomo Inc., KDDI Corp. and SoftBank Group Corp. posted higher operating profits in fiscal 2015, thanks in part to greater use of data streaming on smartphones. NTT Docomo saw operating profit rise 22.5 percent to ¥783 billion, the first increase in four years, while ...
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Giappone
‘Ample space’ for monetary easing, Kuroda says
Bank of Japan Gov. Haruhiko Kuroda said Friday the bank has “ample space” for additional monetary easing, reminding the market that further stimulus is possible despite the central bank’s decision to stand pat last month. “There is no doubt that ample space for additional easing” remains in terms of quantity, ...
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Giappone
MUFG, Hitachi agree on financial tie up, eye leasing merger
Mitsubishi UFJ Financial Group Inc. and Hitachi Ltd. said Friday they will form a capital and business alliance in financial services, with an eye to integrating their leasing companies in the future. Japan’s largest lender hopes the alliance will help expand business in the area of financing infrastructure development because ...
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Giappone Thailandia
Honda opens new plant in Thailand
Honda Motor Co.’s Thai unit on Thursday officially opened a new assembly and engine plant around 120 km northeast of Bangkok. Construction of the plant at the Rojana Industrial Park began in 2013, with the automaker investing 17.15 billion baht (around $485 million). It will have a maximum production capacity ...
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Giappone
How a confession turned into ¥237.4 billion bargain for Nissan
Two days before Mitsubishi Motors Corp. went public with news it had overstated the fuel economy of its cars, Chairman Osamu Masuko visited Nissan Motor Co. President Carlos Ghosn for a mea culpa. It did not take long for talk to turn from an apology to a deal. Three weeks ...