JAPAN UNVIELED ITS NEW SUBMARINE ‘THE TAIGEI’ IN WESTERN JAPAN

Highlights –

• Japan unveiled its new submarine ‘The Taigei’ in western Japan.
• The submarine is an effort to boost Japan’s maritime security amid China’s growing assertiveness.
• The submarine weighs 3,000 tons.

Mitsubishi Heavy Industries Ltd. to cut costs as it faces severe competition

Mitsubishi Heavy Industries Ltd. is considering selling one of Japan's largest shipbuilding plants to cut costs as it faces severe competition from rivals from China and South Korea, informed sources said Thursday.

The corporation considers the sale of Nagasaki's Koyagi plant to...