Mitsubishi Heavy Industries: A 'must win' corporate turnaround for Japan
News On Japan via Forbes -- May 27
My last post was about how Mitsubishi Heavy Industries (Nasdaq: MHVYF ) needs a "cost killer" like Renault/Nissan's Carlos Ghosn to achieve the goal of halving costs of its H2A commercial rocket launches and to really make this a globally competitive business.
The day after the post came a report in the Nihon Keizai Shimbun (May 25, 2012) that MHI has encountered quality problems in its MRJ (Mitsubishi Regional Jet) program that will delay deliveries by a year. According to the report, the company is transferring 30-40 development engineers from other group companies to its Mitsubishi Aircraft Industries subsidiary in an emergency effort to resolve the problems and avoid further delays.
|| UNESCO register adds archive of pre-modern Japan mission to Spain |
| || A collection of materials related to a 17th century mission sent by a Japanese feudal lord to Europe and the world's oldest autographic diary left 10 centuries ago by a Japanese regent have been selected for the UNESCO Memory of the World registry, the Japanese education ministry said Wednesday. (Global Post ) |
|| Local govts wary of Mt. Fuji 'traffic jam' |
| || Mt. Fuji, the tallest mountain in Japan, will likely see its summer "traffic jam" of climbers worsen this year thanks to its expected addition to the UNESCO World Heritage List. (Yomiuri ) |
|| 'Abenomics' not raising low-end prostitution prices in Tokyo |
| || In May, Akira Ikoma, the editor of a guide to men's entertainment called Ore no Tabi (My Journey), said that "Abenomics" had caused a spike in prices at high-end soapland bathhouses in Tokyo. However, the same editor tells Shukan Post (June 28) that the initiative is not impacting the low-end market in the same way. (Tokyo Reporter ) |
|| Ex-Aum death-row inmates to testify in open court |
| || Tokyo District Court decided on Monday to open planned examinations of three witnesses who are former senior members of the Aum Shinrikyo doomsday cult and now death-row inmates, during an upcoming trial of another former senior Aum member. (Jiji Press ) |