Search result for JAPAN BUSINESS
JAPAN BUSINESS FEDERATION TO HAVE MASAKAZU TOKURA AS THE NEW HEAD
Highlights –
- Japan Business Federation to have Masakazu Tokura as the new head.
- Chairman of Sumitomo Chemical Co., Masakazu Tokura will replace Hiroaki Nakanishi.
- Nakanishi is reported to be battling lymphoma.
- Nakanishi has...
KEIDANREN REPORTS ONLY 37% OF FIRMS MET WITH GOVT.’S TELEWORKING REQUESTS
Highlights –
- Keidanren reports only 37% of firms met with govt.’s teleworking requests.
- In the Tokyo metropolitan area, the number of people commuting decreased by 40 percent.
- Feb. 7 is the supposed date for the end date of the ...
BOJ SURVEY SHOWS BUSINESS SENTIMENT IMPROVES FOR THE 2ND QUARTER IN DECEMBER
Highlights –
- BOJ survey shows business sentiment improves for the 2nd quarter in December.
- The survey however is pessimistic due to rising COVID-19 cases in the country and otherwise.
- The index for large nonmanufacturers rose to minus...
BUSINESS LOBBIES IN JAPAN AIM TO HAVE WOMAN FOR EXECUTIVE POSITIONS
Highlights –
- Business lobbies in Japan aim to have women for executive positions.
- The biggest business lobbies are aiming for 30% of the above positions by 2030.
- Japan occupies the last place in the World Economic Forum’s gender...
JAPANESE COMPANIES TO LAUNCH TESTS TO CREATE INFRASTRUCTURE FOR CASHLESS PAYMENTS
Highlights –
- Japanese companies to launch tests to create infrastructure for cashless payments.
- More than 30 major companies will launch the tests from fiscal 2021.
- Japan’s three megabanks and East JR Co. issued smart card to ex...
JAPAN SIGNED RCEP TRADE DEAL ALONG WITH 14 AISA-PACIFIC PARTNERS
Highlights –
- Japan signed RCEP trade deal along with 14 Asia-Pacific partners.
- Several Japanese business leaders welcomed the signing of the world’s largest trade deal.
- RCEP covers 46% of Japan’s total trade.
- Ja...
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 $...
NITORI HOLDINGS CO. TO LAUNCH TAKOVER BID OF SHIMACHU TO DCM
Highlights –
- Nitori Holdings Co. to launch takeover bid of Shimachu to DCM.
- The deal is said to be worth up to $1.5 billion.
- On the Tokyo stock bourse, Shimachu shares ended at 4,195 yen.
- If the takeover is successful by DC...
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....
JAPAN’S OPPOSITION PARTY CDP AND OTHERS CRITICIZE THE CENTRAL GOVT. ‘GO TO EAT’ PROGRAM
Highlights –
- Japan’s opposition party CDP and others criticize the central govt. ‘Go to Eat’ program.
- The central government of Japan had introduced the reward system program to increase restaurant demands.
- The gover...
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...
CABINET OFFICE OF JAPAN REPORTS STEADY IMPROVEMENT IN BUSINESS SENTIMENT
Highlights –
- Cabinet Office of Japan reports steady improvement in business sentiment.
- The diffusion index of confidence in the likes of taxi drivers and restaurant staff showed improvement.
- The Cabinet Office reportedly polled 2,050 ...
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 ...
BOJ REPORTS KEY INDEX MEASURING CONFIDENCE AMONG COMPANIES RISE IN SEPTEMBER
Highlights –
- BOJ reports key index measuring confidence among companies rise in September.
- The index last rose in December 2017.
- The index for large nonmanufacturers improved to minus 12 from minus 17.
- The BOJ surveyed 9,53...