Topics

Mar 4, 2015

Competition to grow in Japan's ¥10 trillion energy markets

Competition within Japan’s ¥10 trillion electricity and gas retail markets looks certain to increase under full liberalization being pushed by the Cabinet. At a meeting Tuesday, Prime Minister Shinzo Abe’s team approved bills that would promote electricity and gas industry reforms aimed at liberalization. ...

Mar 4, 2015

Seiko winds down Gifu clock plant

Seiko Clock Inc. will close its sole remaining domestic clock-making plant by the end of March, informed sources said Wednesday. Its clock production will take place only in Chinese and Thai factories to which it is already outsourcing production, the sources said. The plant ...

Mar 4, 2015

Itochu selling China Food unit to Asahi group

Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts. Japan’s third-largest trading house will ...

Mar 4, 2015

Skymark to suspend Yonago route from September

Bankrupt Skymark Airlines Inc. said Wednesday it will suspend flights to and from Yonago Kitaro Airport in Tottori Prefecture from Sept. 1 as one measure of many to restore its financial health. The suspension will remain through Oct. 24, but no decision has been ...

Mar 4, 2015

Auto workers double their pay hike demands this year

The umbrella group representing automobile industry unions said 84 percent of its member unions are demanding a base wage hike of about ¥6,000 per month, double the demands they made last year. A tally released Tuesday by the Confederation of Japan Automobile Workers’ Unions, ...

Mar 4, 2015

Ruling camp gives up enacting budget by April start of fiscal year

The Liberal Democratic Party-led coalition has given up on passing the budget before the new fiscal year begins on April 1, according to senior lawmakers. Until the record-high ¥96.34 trillion budget is enacted, the Abe administration will formulate a stopgap budget to cover government ...

Japan blocked record number of imported fakes in 2014

Mar 4, 2015

Japan blocked record number of imported fakes in 2014

Customs officers intercepted a record 32,060 cases of fakes and other items violating intellectual property rights in 2014, the Finance Ministry said Wednesday. The number, which increased 14.0 percent from 2013, marked a record high for the third straight year, the ministry said, adding ...