Japanese firms eye business opportunities in Russia

Sep 6, 2016

Japanese firms eye business opportunities in Russia

Japanese companies are keeping their eyes peeled for emerging business opportunities in Russia following Prime Minister Shinzo Abe’s announcement of an eight-point cooperation plan with the country in May. To help realize the plan, Japanese firms aim to accelerate investments in resource development and ...

Aug 12, 2016

First-quarter profit fell by 16% for major Japan firms

Major nonfinancial companies saw year-on-year profits fall by 15.9 percent in the first quarter, thanks largely to the pricey yen, data show. Combined sales shrank 5.9 percent, according to the tally for April to June. The figures cover the 1,219 firms listed on the ...

Kishida urges Britain to ensure stable environment for Japanese firms

Jun 30, 2016

Kishida urges Britain to ensure stable environment for Japanese firms

Japan and Britain have agreed to work closely following the latter’s vote to leave the European Union, including addressing worries among Japanese companies of problems they may face, Japan’s Foreign Ministry said. In talks by phone on Wednesday, Foreign Minister Fumio Kishida requested that ...

Jun 1, 2016

Crisis management driving Japan Inc. deals as firms divest

The nation’s companies are targeting mergers and acquisitions abroad as the third-largest economy stagnates, yet it is crisis management that is driving deal volume in the country this year, not international expansion. Announced acquisitions involving Japanese firms as the target or asset seller in ...

Dec 3, 2015

Japan unions plan to dial back wage demands by half

A labor group whose members include Toyota Motor Corp., Hitachi Ltd. and Panasonic Corp.’s unions said they will seek half the minimum wage increase in 2016 compared with its plans entering this fiscal year. The Japan Council of Metalworkers’ Unions said its members intend ...