Tohoku industries regrouping but some coastal areas are missing out

Mar 5, 2015

Tohoku industries regrouping but some coastal areas are missing out

Manufacturers from outside Tohoku are launching plants in the region, underpinning the reconstruction work following the damage left by the devastating 2011 earthquake and tsunami. “This year, reconstruction will become more evident in (tsunami-hit) coastal areas,” said Kazuhiro Morimoto, head of the Ministry of ...

Jan 7, 2015

Ready for your My Number ID? Many Japanese firms aren't

Companies have been slow in preparing for the launch of the My Number social security and tax identity system a year from now, despite its expected wide-ranging impact on employers. Slated for introduction in January 2016, the numbers will help simplify the administration of ...

Dec 29, 2013

Small firms lack contingency plans for major earthquake in Tokyo

While major businesses are prepared to keep their head offices running if a huge earthquake strikes Tokyo, smaller businesses are lagging with their contingency plans, posing a threat to the supply chains of the big manufacturers. The Central Disaster Management Council says there is ...

Japan Inc. doubles profit on quick cost-cutting moves

Nov 18, 2013

Japan Inc. doubles profit on quick cost-cutting moves

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Companies that made tough decisions about exiting businesses, closing factories and revamping management led to a doubling of corporate earnings last quarter, now at the highest level since 2007. Net income jumped to about ¥5.5 trillion at more than 1,280 of the largest listed ...