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."
Mori Building, a leading urban landscape developer, will start constructing two new skyscrapers at Toranomon Hills, one for business beginning in February and the other for residences beginning in March. (Japan Today)
Toshiba Corp. has sought financial assistance from the state-owned Development Bank of Japan as it expects an asset impairment loss of up to 700 billion yen ($6.17 billion) from its U.S. nuclear business, sources close to the matter said Thursday. (Kyodo)
Dentsu Inc. decided Thursday to promote Senior Vice President Toshihiro Yamamoto to president, replacing Tadashi Ishii who will step down to take responsibility for the overwork-related suicide of a young employee. (Japan Times)
Yahoo Japan, the country's biggest online auction site, is rebuffing calls to end online ivory trading despite Yahoo Inc CEO Marissa Mayer's misgivings over facilitating a business blamed for the illegal slaughter of African elephants. (Japan Today)
A Japanese hotel chain has come under fire from Chinese people following a posting on a Chinese microblogging site arguing that books in rooms of the chain's hotels deny the 1937 Nanjing Massacre by then Imperial Japanese Army. (Jiji)