Toyota to invest $1 bil. in Grab
NHK -- Jun 14
Japan's Toyota Motor is stepping up its alliance with Southeast Asia's leading ride-hailing firm amid growing interest in such services worldwide.

Toyota plans to invest 1 billion dollars in the Singapore-based company Grab. The carmaker is seeking new opportunities through self-driving technology. It also plans to send 2 senior executives to the company.

Grab offers taxi and other car services in Singapore, Thailand and 6 other Southeast Asian countries through a smartphone app. The firm boasts an overwhelming market share in the region.

The 2 companies formed their tie-up last August.

News source: NHK
Oct 17
Tokyo police arrested on Tuesday some members of a fraud group for allegedly attempting to register a land ownership change using fake documents, in a high-profile case that led Sekisui House Ltd. <1928> to lose billions of yen. (Jiji)
Oct 17
An unmanned store using artificial intelligence instead of cashiers is set to open on a trial basis at a station in Tokyo. (NHK)
Oct 13
The head of NHK said Friday the Japanese public broadcaster aims to lower its subscription fees, possibly from fiscal 2019, after a government panel made it a condition for the company to start simultaneous online streaming of its television programs. (Japan Today)
Oct 12
Major Japanese retailer FamilyMart Uny Holdings Co. said Thursday it will make discount store operator Don Quijote Holdings Co. its affiliate in a deeper capital tie-up amid intensifying competition in the shrinking domestic retail market. (Kyodo)
Oct 11
Accommodation service provider Airbnb says it will review its contract terms with private lodging operators in Japan. (NHK)
Oct 11
A study group at the Ministry of Internal Affairs and Communications held its first meeting Wednesday, where it discussed ways to spur industry competition with the aim of lowering mobile phone fees in the nation. (Japan Times)
Oct 10
Taiwan will hold a referendum during local elections next month on whether to maintain a ban on food products from five Japanese prefectures imposed in the wake of the 2011 Fukushima nuclear disaster, the Central Election Commission said Tuesday. (Japan Times)
Oct 08
The final trading session took place in Tokyo's famed Tsukiji wholesale food market on Saturday before relocation, ending the market's 83-year-old history as "the kitchen" of the metropolitan area. (Jiji)
Oct 06
Japan's Financial Services Agency ordered Suruga Bank <8358> on Friday to stop extending fresh loans for real estate investment for six months, over its improper practices related to such financing. (Jiji)
Oct 05
Japanese telecom firm Softbank is partnering with Toyota for a venture that could help to usher in a new era of mobility. They want to use automated driving to transform the way people move around and the services they enjoy. (NHK)