Mitsubishi Motors Corp.’s announcement on Monday of the closure of a factory that manufactures its Pajero SUV came as a shock to the town of Sakahogi, Gifu Prefecture, where the plant is located. (Japan Times)
Former Nissan executive Greg Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. Both cases had been in limbo after Ghosn fled to Lebanon. (autoblog.com)
Executives at ANA Holdings are blaming the coronavirus pandemic for the airline's worst quarterly result. They say between April and June the carrier suffered a net loss of more than 1 billion dollars.
Duty-free store operator Laox will close half of its locations in Japan, the company said Tuesday, seeing no recovery on the horizon from a plunge in Chinese, South Korean and other Asian tourists. (Nikkei)
Trading began Monday on a new comprehensive derivatives exchange in Osaka, western Japan. The aim is to attract investment from around the world with the one-stop trading platform for financial and commodities futures. (NHK)
On 21st July 2020, the Japanese Ministry of Economy, Trade and Industry (METI) along with the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has confirmed that it will launch auctions four offshore wind sites. (4coffshore.com)
Japan Airlines is expected to report an operating loss of about 120 billion yen ($1.1 billion) for the April-June quarter, swinging from a profit of 21 billion yen during the same period a year ago, Nikkei has learned, due to a sharp decline in passenger demand due to the coronavirus. (Nikkei)
Japan's companies spent less than initially estimated in the first quarter of the year, revised data showed on Monday, suggesting the coronavirus pandemic's hit to the economy was deeper than first thought. (yahoo.com)
As companies close offices in central Tokyo or encourage employees to work from home to stay safe from the coronavirus pandemic, young people are relocating to the suburbs where rents are cheaper, space less at a premium and nature nearer the doorstep.
Toyota Motor has asked suppliers to lower prices on certain parts, citing sluggish sales and a drop in material costs amid the coronavirus, Nikkei has learned, in a move that could hit earnings in the sprawling supply chain of one of the world's largest automakers. (Nikkei)