Government panel to launch review of JAL bailout

Aug 20, 2014

Government panel to launch review of JAL bailout

A new government panel is due to begin a review of the financial support given to Japan Airlines, or JAL, as part of a bailout package under the previous administration. The review, which will start next month, is taking place in response to criticism ...

May 14, 2014

Fukushima fund also tasked with decommissioning

The Diet enacted a revised law Wednesday that will give a state-backed fund dealing with compensation issues related to the Fukushima No. 1 nuclear plant disaster the added task of working to decommission the plant. The revamped entity could be launched this summer, in ...

Oct 28, 2013

Toyota sales top GM's during third quarter

Toyota Motor Corp. outsold General Motors Co. and all other carmakers for the second time in three quarters, in the latest example of how Japan’s largest manufacturers are benefiting from “Abenomics.” Toyota and its subsidiaries sold 2.5 million vehicles worldwide in the July-September period, ...

Renesas in talks with overseas firms to sell mobile chip operations

Mar 22, 2013

Renesas in talks with overseas firms to sell mobile chip operations

The president of struggling Renesas Electronics Corp. said Thursday that the chipmaker is in talks with overseas companies on selling its loss-making mobile device chip operations as part of efforts to streamline its business. Tetsuya Tsurumaru said, however, that the company has not ruled ...

Mar 19, 2013

Eurozone urges Cyprus to shield small savers

The eurozone told Cyprus on Monday to ditch the part of a hugely controversial €5.8 billion ($7.5 billion) grab on savings that stung even the smallest of account holders in exchange for a €10 billion sovereign bailout deal, according to a statement issued after ...

Mar 19, 2013

Cyprus president desperately seeks to stop bank run

Amid fears of a run on bank accounts in Cyprus, President Nicos Anastasiades is trying to persuade lawmakers to back an EU bailout deal that slaps a levy on bank savings. Anastasiades, in an address to the nation Sunday night, said that rejecting the ...