Topics

Kumamoto farms, forestry suffered ¥23.6 billion damage in quakes

Apr 27, 2016

Kumamoto farms, forestry suffered ¥23.6 billion damage in quakes

The twin quakes that slammed Kyushu this month caused at least ¥23.6 billion of damage to agricultural and forestry businesses in Kumamoto Prefecture, the local government said Tuesday. And that is not counting damage in the worst-hit areas, which the prefectural government has yet ...

Apr 27, 2016

OECD schedules talks in Kyoto on global tax avoidance

The Organisation for Economic Co-operation and Development will hold a meeting in Kyoto in late June to address tax avoidance, government officials said Wednesday. The meeting will come on the heels of the so-called Panama Papers scandal, which cast a spotlight on tax avoidance ...

Apr 27, 2016

Cabinet to allocate funds for reconstruction in Kyushu

Prime Minister Shinzo Abe said Wednesday his Cabinet will approve a supplementary budget next month to help Kyushu overcome the damage caused by twin earthquakes this month. Abe told a meeting with business leaders from Kyushu that the Cabinet aims to approve the budget ...

Apr 27, 2016

Toshiba reduces projected loss for 2015 business year

Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006. ...

Trading houses eye slice of Japan's liberalized electricity market pie

Apr 27, 2016

Trading houses eye slice of Japan's liberalized electricity market pie

Major trading houses are strengthening their electricity businesses to take advantage of growing overseas demand and the liberalization of power retailing in Japan that started this month, industry officials say. Sumitomo Corp. has revised down its consolidated net profit estimate for the year that ...