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NARITA AIRPORT OPERATORS TO REDUCE CHARGES FOR DOMESTIC AND INTERNATIONAL AIRLINES
Highlights –
- Narita Airport operators to reduce charges for domestic and international airlines.
- Narita International Airport will be waiving landing and parking charges.
- Small-sized aircraft for international flights will receive a $...
ANA HOLDINGS CO. TO ACQUIRE $3.8 BILLION IN LOANS FROM BANKS
Highlights –
- ANA Holdings Co. to acquire $3.8 billion in loans from banks.
- Four commercial banks and government-backed banks expected to extend the capital.
- The loan is to bolster the capital base for its airline operator’s earn...
NIPPON STEEL CORP. MAY SELL 2 OF ITS U.S AUTOMOTIVE STEEL PLANTS
Highlights –
- Nippon Steel Corp. may sell 2 of its U.S automotive steel plants.
- Its partner ArcelorMittal S.A jointly owns a company running the two plants.
- Nippon Steel has planned to close one of its plants in western Japan by Septe...
ANA POSSIBLY TO CUT MONTHLY WAGES BY 5% FROM JANUARY
Highlights –
- ANA possibly to cut monthly wages by 5% from January.
- ANA has been restructuring its company as cost-cutting measures due to the pandemic.
- The airline company will also start offering early retirement at the end of next M...
JAPAN REPORTS STEADY RISE IN PRIVATE-SECTOR MACHINERY ORDERS IN AUGUST
Highlights –
- Japan reports steady rise in private-sector machinery orders in August.
- In August private-sector machinery orders increased by 0.2 percent from the previous month.
- Cabinet Office mentioned orders totaled to $7.1 billion....
EMPLOYEES OF ANA CO. TO BE PERMITTED TO TAKE ON SIDE PART-TIME JOBS
Highlights –
- Employees of ANA Co. to be permitted to take on side part-time jobs.
- The employees will be able to work for other companies in their off-duty hours.
- Around 15,000 of ANA Co. employees will be allowed to do so.
- ...
FEASIBILITY STUDY ON DIGITAL CURRENCY TO BE STARTED BY THE BANK OF JAPAN FOR FISCAL 2021
Highlights –
- Feasibility study on digital currency to be started by the Bank of Japan for fiscal 2021.
- The study is said to begin in April 2021.
- BOJ will collaborate with other central banks and fintech firms to study the same. ...
JAPAN TO POSTPONE PROCEEDINGS ON ACCEPTING BIDS FOR HOSTING OF CASINO RESORTS
Highlights –
- Japan to postpone proceedings on accepting bids for hosting of casino resorts.
- The central government has cited the impact of the pandemic for the postponement.
- The government has decided to postpone the proceedings until...
JAPAN’S SUMITOMO BANK TO CHARGE PROCESSING FEES FOR NEW BANK ACCOUNTS
Highlights –
- Japan’s Sumitomo Bank to charge processing fees for new bank accounts.
- Bank accounts that will be open in April 2021 or later and do not use online banking services.
- The bank will collect about $10 annually from acc...
JAPAN’S MITSUBISHI POWER WILL SUPPLY NATURAL GAS-BASED GENERATION EQUIPEMENT TO THAILAND
Highlights –
- Japan’s Mitsubishi power will supply natural gas-based generation equipment to Thailand.
- Mitsubishi Power Ltd. and Thai electric power producer has signed a contract.
- The gas turbine combined-cycle plant is capable ...
INDUSTRIAL OUTPUT ROSE FOR THE MONTH OF AUGUST IN JAPAN
Highlights –
- Industrial output rose for the month of August in Japan.
- The value rose to 1.7 percent in the reporting month.
- The seasonally adjusted index of production at factories and mines stood at 88.7.
- The index for ind...
RAKUTEN INC. COMES UP WITH A NEW UNLIMITED DATA SCHEME FOR $28 PER MONTH PLAN
Highlights –
- Rakuten Inc. comes up with a new unlimited data scheme for $28 per month plan.
- It will provide ultrafast 5G networks under the said plan.
- The low-priced 5G service is expected to be available only in Tokyo and some major ...
TOSHIBA CORP. TO PULL OUT OF LSI CHIP BUSINESS
Highlights –
- Toshiba Corp. to pull out of LSI chip business.
- Toshiba is currently restructuring its company, offering job relocations and early retirement.
- Toshiba estimated the costs of the early retirement program to be around 11.8 ...
NIPPON TELEGRAPH AND TELEPHONE CORP. TO MAKE NTT DOCOMO INC. A FULLY OWNED UNIT
Highlights –
- Nippon Telegraph and Telephone Corp. to make NTT Docomo Inc. a fully owned unit.
- Nippon Telegraph and Telephone Corp. plans to do so through a tender offer.
- The plan will be discussed at their respective board meetings.<...
EARLY RETIREMENT FOR UP TO 600 WORKERS AT MITSUBISHI MOTORS CORP.
Highlights –
- Early retirement for up to 600 workers at Mitsubishi Motors Corp.
- The automaking company is considering the process to start from mid-November.
- The move comes as a part of the company’s restructuring plan.
SUMITOMO MITSUI AND MIZUHO REPORT VOTE COUNTING OF SHAREHOLDERS MEETING MISHANDLED
Highlights –
- Sumitomo Mitsui and Mizuho report vote counting of shareholders meeting mishandled.
- Over 1,346 firms in Japan faced the problem.
- Mitsui will consult over possible compensation for the mishandling of votes.
- Japa...
YUTAKA ELECTRONICS EX-EMPLOYEE ARRESTED FOR STEALING COMPANY TRADE SECRETS
Highlights –
- Yutaka Electronics ex-employee arrested on for stealing company trade secrets.
- Aichi Prefectural Police arrested Hiroyuki Kuroe on suspicion of violating the Unfair Competition Prevention Act.
- Kuroe is suspected to have c...
AUGUST MONTH SAW A RISE IN SUPERMARKET SALES IN JAPAN
Highlights –
- August month saw a rise in supermarket sales in Japan.
- Sales rose by 3.3 percent in the reporting month from a year earlier.
- The report on sales is based on same-store data.
- Food sales climbed by 6.8 percent fr...
JAPAN REPORTS FALL IN DEPARTMENT STORE SALES FOR THE MONTH OF AUGUST; 22.0 PERCENT
Highlights –
- Japan reports fall in department store sales for the month of August; 22.0 percent.
- Japan reported a decline in sales for the 11th straight month.
- The decline was reported to be steeper than the 20.3 percent decrease in J...
JAPAN’S AUGUST CONVINIENCE STORE SALES FALL BY 5.5 PERCENT
Highlights –
- Japan’s August convenience store sales fall by 5.5 percent.
- Decline of sales however improved from a 7.4 percent decrease in July.
- The number of shoppers dropped by 9.3 percent from the previous year.
- Sa...