Tag - maglev



Japan Times
Mar 6, 2018
Ministry considers barring contractors involved in maglev bid-rigging from designated bidders' list
The infrastructure ministry said Tuesday it will consider excluding contractors involved in bid-rigging related to the Tokyo-Osaka maglev train project from its list of designated bidders.
Japan Times
JAPAN / Crime & Legal
Mar 3, 2018
Arrested former Taisei exec denies maglev bid-rigging allegations
The former director says he was not in a position to engage in price-fixing even though he spent more than 10 years dealing with the maglev project.
JAPAN / Crime & Legal
Mar 2, 2018
Taisei and Kajima hit by arrests over maglev bid-rigging scandal
The former and current executives of building giants Taisei and Kajima are suspected of colluding with other contractors on bids for the u00a59 trillion maglev project.
JAPAN / Crime & Legal
Feb 28, 2018
Japanese prosecutors to build case over maglev train bid rigging
Prosecutors are set to build a bid-rigging case in connection with construction work on the Tokyo-Osaka maglev train line involving the nation's four major contractors, sources close to the matter said Wednesday.
Japan Times
BUSINESS / Companies
Jan 23, 2018
Obayashi president to step down 'to renew the top management' at scandal-tainted firm
Obayashi Corp., one of the country's four largest general contractors, said Tuesday that its president, Toru Shiraishi, will step down in a bid to shake up management as the firm faces allegations of bid-rigging involving construction related to the ¥9 trillion maglev rail project.
Japan Times
JAPAN / Crime & Legal
Jan 17, 2018
Contractors claim no illegality in their maglev train bidding and will not seek leniency deal
Three major construction companies being investigated for suspected bid rigging on a magnetically levitated train line project claim they did not engage in any illegal behavior and do not plan to seek leniency in exchange for admitting to the allegation, sources familiar with the matter said Tuesday.
JAPAN / Crime & Legal
Dec 26, 2017
Ex-Taisei executive suspected of being mediator in collusion over Tokyo-Osaka maglev train project
Prosecutors investigating four major contractors over alleged collusion on bids for work on the Tokyo-Osaka maglev project suspect that a former executive of Taisei Corp. gathered information from the train operator before bidding and acted as a mediator, investigative sources said Tuesday.
JAPAN / Crime & Legal
Dec 21, 2017
Major Japanese contractors subject to antitrust investigation over maglev project suspected of rigging additional tunnel bids
Four major Japanese contractors under investigation for antitrust violations related to construction of the Tokyo-Osaka maglev train link are also suspected of deciding which firm would win five other projects in future bidding, a source close to the matter said Wednesday.
Dec 20, 2017
Major contractor eyes plea bargain system as route to evade criminal prosecution
Major Japanese construction company Obayashi Corp., which is at the heart of a scandal over collusion in bidding for a maglev train link project, has decided to take a rare and pre-emptive step: Come clean about its role, and possibly evade criminal prosecution.
JAPAN / Crime & Legal
Dec 19, 2017
Obayashi admits antitrust violation over maglev bid
Major construction company Obayashi Corp. has admitted to an antitrust violation over bidding for work on the Tokyo-Osaka maglev train project, sources said Tuesday.
Japan Times
JAPAN / Crime & Legal
Dec 18, 2017
Tokyo prosecutors raid contractors Kajima and Shimizu over maglev contracts
Kajima and Shimizu join the list of major contractors targeted by prosecutors over shady dealings linked to Japanu2019s giant maglev project.
Japan Times
JAPAN / Crime & Legal
Dec 13, 2017
Probe into maglev bid obstruction at Obayashi Corp. extends to two more firms
Prosecutors questioned executives from Shimizu Corp. and Taisei Corp. on a voluntary basis following alleged bidding obstruction by Obayashi Corp. in connection with the maglev train project, sources said Wednesday.
Japan Times
JAPAN / Crime & Legal
Dec 11, 2017
Prosecutors question execs at Obayashi and other top contractors over suspicious maglev deals
The fraud investigation targeting Obayashi Corp. is spreading to the nationu2019s other major general contractors as prosecutors scrutinize deals related to the u00a59 trillion maglev project.
Japan Times
Dec 9, 2017
Obayashi's HQ searched for evidence of fraud linked to maglev bids
Prosecutors have raided Obayashi Corp.'s headquarters and other locations to investigate possible fraud in bidding on contracts for a ¥9 trillion ($79 billion) maglev train project, people close to the matter said Saturday.
Japan Times
Apr 1, 2017
Subliminal ads fast-tracked for maglev trains in Japan
A team of researchers at Shizuoka University is hitching a ride on Japan's bullet train technology, aiming to transmit targeted advertising at high speeds.
Japan Times
Oct 23, 2016
Ancient capitals spar over future train routes as tourism battle heats up
Thanks to new shinkansen lines built over the past years, once off-the-beaten-path cities such as Kanazawa, Ishikawa Prefecture, and Otaru, Hokkaido, are having tourism booms, proving high-speed trains can bring more cash to local businesses.
Japan Times
JAPAN / Politics
Sep 22, 2016
Japan's shrinking population not burden but incentive: Abe
Prime Minister Shinzo Abe said Japan's aging, shrinking population was not a burden, but an incentive to boost productivity through innovations like robots, wireless sensors and artificial intelligence.
Aug 19, 2016
Japan preps ¥3 trillion injection to expedite JR Tokai maglev project by eight years
The government is poised to offer ¥3 trillion ($29.6 billion) in loans to Central Japan Railway Co. (JR Tokai) in an attempt to expedite high-speed maglev services between Tokyo and Osaka by up to eight years, government sources said.
Japan Times
Jul 22, 2016
Abe's maglev decision reflects political calculus over economics
Few doubt Prime Minister Shinzo Abe's decision to invest public funds in a $90 billion high-tech maglev railway makes political sense. Whether it makes equally good economic sense is less clear.
BUSINESS / Economy
Jul 21, 2016
Japan plans ¥20 trillion stimulus package to shore up economy, brace for Brexit
The Japanese government is arranging to compile a stimulus package of at least ¥20 trillion ($188 billion) to help the domestic economy emerge from deflation and fend off the possible adverse effects of Brexit, sources said Wednesday.


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