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Sony CEO Hirai's strategy questioned by former executive Iba

by Grace Huang

Kazuo Hirai is being criticized by a former Sony Corp. director who says the company’s chief executive officer is abandoning its traditional engineering focus. Sony’s electronics business is central to its long-term success, Tamotsu Iba, 79, a former chief financial officer and vice chairman, wrote in a letter sent to ...

Narita marks 5 million takeoffs, landings

Jun 2, 2015

Narita marks 5 million takeoffs, landings

Narita airport saw its 5 millionth takeoff-and-landing operation on Tuesday, according to records dating back to when the facility opened near Tokyo in 1978. The airport held a ceremony at the boarding gate for the 5 millionth flight, which happened to be for a ...

Jun 2, 2015

Panasonic to sell energy storage in Australia to tap solar surge

Panasonic Corp. will begin selling energy storage systems in Australia to take advantage of the proliferation of solar panels dotting the rooftops of homes in the sunburned country. Sales will begin in October after a feasibility study is conducted with Australian power companies such ...

Jun 2, 2015

Major brewers promoting 'healthy' nonalcoholic beer

Ahead of the summer peak demand season, Japanese brewers are extending the product lines of nonalcoholic beer-like beverages that they claim offer healthful benefits. The popularity of such drinks is on the rise, although the beer market is shrinking amid the country’s falling birthrate. ...

Jun 2, 2015

Skymark's largest creditor submits rival rehab plan to Tokyo court

Bankrupt Japanese carrier Skymark Airlines Inc. said Monday that its largest creditor has submitted a plan for the airline’s rehabilitation to a court, rivaling the one submitted by the debtor late last week. The plan submitted by U.S. aircraft leasing firm Intrepid Aviation opposes ...

Jun 1, 2015

Fiscal council tells Aso to tame spending

An advisory panel to Finance Minister Taro Aso warned in a report Monday that a proposed government fiscal reform plan that relies excessively on a revenue increase derived from economic growth is “too optimistic.” The panel called on the government to improve fiscal health ...