Sony dips below 1,000 yen for first time since 1980
News On Japan via Bloomberg -- Jun 04
Sony Corp. (6758) dropped below 1,000 yen in Tokyo trading for the first time since 1980, when the Walkman was new, after Japan's currency gained and the U.S. added jobs at a slower-than-estimated pace.
The shares fell 1.7 percent to close at 996 yen on the Tokyo Stock Exchange. Sony, which recorded an all-time intraday high of 16,950 yen in March 2000, last closed below 1,000 yen on Aug. 1, 1980, according to data compiled by Bloomberg.
Sony, a trendsetter with the portable cassette player, video camera and first compact-disc player, posted four straight annual losses as it failed to develop more hit products, the yen surged and consumers flocked to devices from Apple Inc. and Samsung Electronics Co. A turnaround plan by new Chief Executive Officer Kazuo Hirai has failed to stem a decline that has the company predicting a ninth year of losses as its TV unit.
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May 22
| X Japan waxes lyrical at Madame Tussauds debut |
|  This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times  ) |
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May 21
| Senior Kyodo News official dismissed over improper act |
|  Kyodo News said Monday that it has dismissed Satoshi Kondo, 51, deputy chief of its general administration bureau and former personnel affairs division chief, for meeting individually with a female student searching for a job and doing an inappropriate act.
(Jiji Press ) |
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May 19
| Japan's child kidnapping problem |
|  Dozens of American children are abducted to Japan every year-not by strangers, but by parents after messy divorces. (thedailybeast.com ) |
The Ministry of Land, Infrastructure, Transport and Tourism has announced that it intends to draw up a set of unified rules for the use of baby strollers on buses and trains. (Japan Today 
A man stabbed his ex-wife on a street in Isehara, Kanagawa Prefecture, on Tuesday morning, and then caused a car crash while he was fleeing from the scene. (Japan Today 
Japanese Crown Prince Naruhito will visit Spain for seven days from June 10, the government said Tuesday. (Jiji Press 
Tokyo Metropolitan Police on Monday announced the arrest of a broker of Thai females for violating immigration laws by employing the women as masseuses. (Tokyo Reporter 
The parents of a nightclub worker killed in an arson fire three years ago filed a suit in the Nagoya District Court on Monday seeking damages against top members of the Yamaguchi-gumi organized crime group. (Tokyo Reporter 
Saitama and Okayama prefectural police last week arrested the manager of an online porn DVD operation that specialized in films featuring children. (Tokyo Reporter) 
A 5-year-old boy sustained an injury at a shopping mall in Nagoya on Friday after his hand became trapped in an escalator. (Japan Today