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Mitsubishi Motors eyeing pay cut for 1,300 minivehicle workers

Mitsubishi Motors Corp. officials are in talks with its labor union on a plan to cut wages for some 1,300 employees in charge of minivehicle production at its key plant in Okayama Prefecture, according to sources familiar with the situation. Following revelations of data manipulation related to fuel economy tests ...

May 3, 2016

Japan, China, S. Korea agree to enhance capital flow monitoring

The finance ministers and central bank heads of Japan, China and South Korea on Tuesday agreed to enhance monitoring of capital outflows from emerging economies that suffer from economic deceleration. “Global growth remains modest and uneven, and downside risks and uncertainties to the global ...

May 3, 2016

NTT Docomo to tap VP Yoshizawa as new president

Mobile carrier NTT Docomo Inc. will look to rejuvenate its leadership team by appointing Senior Executive Vice President Kazuhiro Yoshizawa as new president and the successor to current Chief Executive Officer Kaoru Kato, company sources said Tuesday. Yoshizawa, 60, joined Docomo’s predecessor in 1992 ...

May 2, 2016

Takata to log extra ¥20 billion loss over air bag recalls

Takata Corp. said Monday it will book an additional special loss of around ¥20 billion ($188 million) for the year ended March due to costs related to the global recall of its potentially lethal air bag inflators. Automakers are recalling 60 million cars because ...

Cool Biz dress campaign kicks off with earlier end date

May 2, 2016

Cool Biz dress campaign kicks off with earlier end date

The government kicked off its annual Cool Biz campaign Monday to encourage workers to dress more casually to reduce energy use, with ministries and agencies allowing staff to wear polo shirts, aloha shirts and similar attire. Under this year’s Cool Biz campaign, thermostats will ...

Australian programmer confirms he invented bitcoin

May 2, 2016

Australian programmer confirms he invented bitcoin

Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the pseudonym Satoshi Nakamoto. The BBC said Wright gave technical proof supporting ...