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 ...

Domestic firms concerned about slumping consumption

Aug 18, 2015

Domestic firms concerned about slumping consumption

Domestic companies are becoming increasingly concerned about the slump in private consumption that was confirmed in weak April-June gross domestic product data, although corporate earnings in the period turned out to be strong thanks to the yen’s depreciation and falling crude oil prices. The ...

Japanese firms face difficulties grasping damage from Tianjin blasts

Aug 16, 2015

Japanese firms face difficulties grasping damage from Tianjin blasts

Japanese companies operating in Tianjin were facing difficulties on Saturday grasping damage to their facilities from devastating explosions that rocked an industrial port in the northern China city earlier in the week. Entry to areas around the site of Wednesday’s blast has been restricted, ...

Japanese firms keen to make inroads into Cuba

Aug 14, 2015

Japanese firms keen to make inroads into Cuba

Japanese companies are keen to make inroads into Cuba after the country last month fully restored diplomatic relations with the United States after more than five decades of enmity, informed sources say. Cuba is just 150 kilometers from the United States. In addition, demand ...

Aug 4, 2015

Major Japanese firms post robust profit growth in April-June

Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen’s decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax ...