Farm minister admits taking ¥200,000 from poultry lobbyist

Jun 28, 2016

Farm minister admits taking ¥200,000 from poultry lobbyist

Agriculture minister Hiroshi Moriyama admitted Tuesday receiving ¥200,000 in cash last year from the head of an industry body while holding a key position in the Liberal Democratic Party on negotiations for the Trans-Pacific Partnership but before he joined the Cabinet. Moriyama said he ...

Japan to adopt international method for fuel-economy testing in 2018

Jun 27, 2016

Japan to adopt international method for fuel-economy testing in 2018

The transport ministry plans to adopt an internationally standardized method of testing car fuel economy, beginning in 2018. The standardized method will cut costs for automakers and help them provide consumers with fuel efficiency figures closer than ever to actual on-road performance, ministry officials ...

Jun 26, 2016

Corporate governance report card

Companies are making good progress in complying with the Tokyo Stock Exchange's corporate governance principles, but the proof will be in the pudding.

Jun 25, 2016

Nissan unit sues South Korea ministry over alleged emissions cheating

A unit of Nissan Motor Co. has sued South Korea’s Environment Ministry over the alleged emissions manipulation for the Qashqai diesel engine car, Nissan group officials said Friday. Nissan Korea Co. filed the suit with the Seoul Administrative Court on Thursday, disputing the ministry’s ...

Mitsubishi Motors sees first loss in eight years amid scandal

Jun 22, 2016

Mitsubishi Motors sees first loss in eight years amid scandal

Mitsubishi Motors Corp. forecast its first loss in eight years after setting aside compensation costs related to manipulating fuel-efficiency ratings and falsifying test data. Net loss in the year ending March 31 will probably be ¥145 billion ($1.4 billion), the company said in a ...