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May 18, 2024
 

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VW SCANDAL

BUSINESS / Companies
May 25, 2016
Mitsubishi Motors books ¥19.1 billion charge over fuel efficiency scandal
Mitsubishi Motors Corp. Wednesday added a ¥19.1 billion special loss to its fiscal 2015 earnings due to the recent fuel efficiency manipulation scandal.
Japan Times
BUSINESS / Companies
May 13, 2016
Mitsubishi Motors fuel efficiency scandal may have been organized from top down
It's learned that a product development head consented to data fabrication in consultation with a testing subsidiary manager.
BUSINESS / Companies
May 12, 2016
Nissan in talks to own third of scandal-stung MMC for $1.8 billion
Nissan Motor Co is in advanced talks to take a roughly one-third stake in Mitsubishi Motors Corp with a $1.8 billion investment, as Mitsubishi struggles with a fuel-economy data scandal, two sources said.
Japan Times
BUSINESS
Apr 21, 2016
Sources say VW may offer to buy back nearly 500,000 U.S. diesel cars
Volkswagen AG and U.S. officials have reached a framework deal under which the automaker would offer to buy back almost 500,000 diesel cars that used sophisticated software to evade U.S. emission rules, two people briefed on the matter said on Wednesday.
Japan Times
JAPAN
Mar 19, 2016
Ex-Toshiba chief questioned over falsified financial reports
Hisao Tanaka is believed to have denied any wrongdoing. The securities watchdog also plans to question two of the ex-president's predecessors.
Japan Times
BUSINESS / Companies
Mar 18, 2016
Toshiba sees finances improving after narrowing its business
Toshiba Corp. said its profitability will improve in the next fiscal year as it scales back on products such as personal computers and home appliances.
Japan Times
JAPAN / Media / BIG IN JAPAN
Mar 5, 2016
Bunshun editor Manabu Shintani returns in a blaze of scoops
Shukan Bunshun magazine has been making headlines since late January thanks to a string of major scoops on no fewer than seven topics.
Japan Times
JAPAN / Politics
Feb 4, 2016
Olympics minister denies cash-for-favors allegation involving English teacher dispatch agency
Toshiaki Endo has admitted taking cash from the founder of a Tokyo teacher dispatch agency but said he did nothing wrong.
JAPAN / Politics
Feb 4, 2016
Amari received ¥8 million more in payments, says construction firm worker
Akira Amari's aides were given ¥8 million more than what the former economy minister admitted to when he announced his shock resignation from Cabinet last week, an employee of the construction firm at the center of the graft allegations has claimed.
JAPAN / Politics
Jan 28, 2016
Amari to respond to graft allegations
Japan's economy minister, Akira Amari, plans to deny allegations that he received cash for favors when he holds a press conference Thursday afternoon, sources said Wednesday.
BUSINESS / Companies
Jan 27, 2016
Struggling Toshiba may spin off ailing Japan nuclear power business
Scandal-hit Toshiba Corp. will consider splitting off its flagging nuclear power business in Japan and rebuilding it as a separate company as part of a sweeping restructure following an accounting scandal, sources said.
Japan Times
JAPAN / Politics
Jan 21, 2016
Amari vows to answer claims over ¥12 million in undeclared funds
Scandal-hit economic minister Akira Amari vows to answer allegations that he and two secretaries received large undeclared donations and hospitality.
Japan Times
JAPAN / Crime & Legal
Jan 15, 2016
Illegal cutlet sale scandal widens to include more supermarkets, retailers
An Aichi Prefecture waste disposal company accused of on-selling meat cutlets that it was supposed to throw away has been linked to the illegal sale of thousands more food packages.
Japan Times
BUSINESS / Companies
Dec 10, 2015
Toshiba to end TV production, shrink staff, sell assembly plants overseas
Toshiba Corp. is planning to withdraw from TV manufacturing by selling its factories abroad, a source has said.
BUSINESS / Companies
Dec 7, 2015
Toshiba shareholders sue former executives over cooked books as firm fined record ¥7.37 billion
A group of shareholders file a suit against Toshiba Corp. and its former executives, seeking ¥300 million in damages over illicit accounting practices.
Japan Times
BUSINESS / Companies
Dec 7, 2015
Outspoken Takata investor sold all stock after losing trust in management
Takata Corp. has lost the confidence of one of its biggest former shareholders, which said the company cut off access to management and downplayed risks as its air bags spurred a record auto-safety recall.
BUSINESS
Nov 17, 2015
Nissan reports first Takata air bag injury in Japan
Nissan Motor Co. has found that an air bag made by Takata Corp. ruptured abnormally and injured a passenger in a Nissan vehicle last month, the transport ministry said, announcing the first such case in Japan.
BUSINESS
Nov 11, 2015
Takata air bag crisis hands Autoliv chance to go big in Japan
Swedish car safety equipment maker Autoliv could capitalize on the crisis engulfing its rival Takata Corp. by finally extending its global leadership to the one major auto hub it has been unable to dominate — Japan.
BUSINESS / Companies
Nov 9, 2015
Toyo Tire falls into red for January-September amid data scandal
Toyo Tire & Rubber Co. fell into the red with a group net loss of ¥4.3 billion for the January-September period of fiscal 2015 as a data falsification scandal involving its products forced it to book a massive special loss.
Japan Times
BUSINESS / Companies
Nov 7, 2015
Toshiba posts ¥90.5 billion operating loss for April-September period, sues executives over scandal
Toshiba sues its former management over improper accounting practices that spanned roughly seven years, and is seeking a total of u00a5300 million in damages.
Japanese stripper bids to have her porn movies taken off internet
Plaintiff Miyuki Ariga (left) speaks at a news conference along with her lawyer, Yoshitomo Morohashi, after filing a lawsuit at the Tokyo District Court on Monday.
U.S. envoy to Japan makes landmark visit to front-line island near Taiwan
U.S. Ambassador to Japan Rahm Emanuel meets with members of the Self-Defense Forces stationed on Yonaguni, Okinawa Prefecture, on Friday.
Japan to review romanization system for first time in 70 years
An advisory panel to the education ministry will consider how the Japanese language should be transcribed into the Latin alphabet, including unifying different romanization styles currently in use.
Japanese billionaire sues Meta over investment scams using his image
Entrepreneurs Yusaku Maezawa (second from right) and Takafumi Horie (third from right) attend a study session on fake social media ads and investment scams at the Liberal Democratic Party headquarters in Tokyo on April 10.
Japan’s economy contracts as consumers and firms cut spending
Japan's gross domestic product shrank at an annualized pace of 2% in the three months through March.
Can AI-generated inventions be patented? A Tokyo court says no.
The Tokyo court's ruling comes amid ongoing debates on how to regulate generative AI and is part of a transnational class action lawsuit.
A new initiative rethinks old Tohoku crafts
The colored patterns of Tsuguru "nuri," made in Aomori Prefecture, are achieved by applying multiple coatings of lacquer, which are later polished down to reveal layers of colors beneath.
Xi and Putin mark ‘new era’ amid efforts to counter U.S. ‘containment’
Russian President Vladimir Putin and Chinese President Xi Jinping attend an event in Beijing on Thursday. During Putin's visit, the leaders showed off their growing alignment amid efforts to push back against the U.S.-led world order.
Unraveling the Japanese prose of Yukio Mishima
Author Yukio Mishima accepts the Arts Festival Award in the drama category at the 20th Arts Festival Award Ceremony on Jan. 22, 1966.
New Taiwan president to set tone for ties with China at inauguration
Taiwan President-elect Lai Ching-te arrives at the CyberSec 2024 Exhibition in Taipei on Wednesday.

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