Japanese firms are shocked by Donald Trump's Twitter bomb dropped on Toyota Motor Corp. over a planned factory in Mexico, as their concerns about an attack by the U.S. president-elect have become reality.
Trump on Thursday threatened to impose a "big border tax" on Toyota if it builds the factory to manufacture Corolla sedans. Japanese companies doing business in North America are braced for the possibility of becoming Trump's next target.
Trump's tweet was apparently a response to a remark by Toyota President Akio Toyoda that the company will not change the Mexican factory plan.
Following the incoming president's online rage, Toyota published a statement Friday that it has "10 manufacturing facilities, 1,500 dealerships and 136,000 employees" in the United States and that it "looks forward to collaborating with the Trump administration."
Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers packing bento lunch boxes, manning cash registers and delivering goods 24/7. (Japan Today)
The labor ministry referred advertising agency Dentsu Inc. and three officials from its offices in Nagoya, Osaka and Kyoto to prosecutors on Tuesday on suspicion of violating the Labor Standards Law by making employees work overtime beyond legal limits. (Japan Times)
Airbnb estimates that its services contributed 920 billion yen ($8.35 billion) to the Japanese economy in 2016, up 80% from the previous year, as foreign users took advantage of affordable lodging in big cities and rural areas. (Nikkei)
Rakuten Inc announced the official launch of "Rakuten Super English," a comprehensive English learning service utilizing technology to provide a practical English learning and a new style of studying. The launch of Rakuten Super English marks Rakuten's entry into the English education business. (Japan Today)
Toshiba announced on Monday that it will split up its four main businesses into separate wholly owned subsidiaries. The spinoffs will begin in July and 19,000 employees will be transferred to the new companies. (Nikkei)
An event commemorating the 60th anniversary of the release of Nissan Motor Co.'s Skyline - the auto manufacturer's signature car - was held at Roppongi Hills in Minato Ward, Tokyo, on Thursday. (the-japan-news.com)