Hon Hai chairman leaves Japan without deal on Sharp
News On Japan via Reuters -- Aug 31
Hon Hai Precision Industry's chairman left Japan on Thursday without finalizing a deal for a stake in Sharp Corp, Jiji news reported, prolonging uncertainty over an alliance that could rescue the loss-burdened Japanese display and TV maker.
Hon Hai chairman and founder Terry Gou had earlier visited Sharp's flagship LCD panel factory in western Japan, the world's most advanced and 38 percent owned by Hon Hai. Another Hon Hai executive said the two companies may spend over $1 billion to boost capacity at the Sakai plant, near Osaka.
The two firms will also use Hon Hai's procurement muscle to help Sharp cut costs, C.C. Lin, Hon Hai's most senior official in charge of the Sakai plant, told reporters after Gou's visit.
Gou, seeking to further tap Sharp's expertise to make more display panels for Apple Inc's iPhones and consumer electronics, is discussing a deal that would make Hon Hai the biggest shareholder of Sharp with at least a 9.9 percent stake.
At the Nagoya Castle compound in central Japan, restoration work has been completed on the entrance and reception room of the main residential building for the first time in 70 years. (NHK )
The government of Japan has bestowed one of that nation's highest honors on a Japanese-American, a former U.S. Soldier and World War II veteran, for his work furthering relationships between the Japanese and Americans. (army.mil )
Osaka District Court accepted a claim on Thursday that losses on betting on horse racing should be deductible from payouts to calculate taxable income. (Jiji Press )
An 18-year-old youth has been arrested on a charge of attempted murder after he allegedly hit a 16-year-old girl in the head with a baseball bat. (Japan Today )
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 )
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 )
At the Nagoya Castle compound in central Japan, restoration work has been completed on the entrance and reception room of the main residential building for the first time in 70 years. (NHK 
) 
Tokyo Metropolitan Police on Wednesday raided an Internet casino in Shibuya Ward for offering illegal gambling. (Tokyo Reporter 
The government of Japan has bestowed one of that nation's highest honors on a Japanese-American, a former U.S. Soldier and World War II veteran, for his work furthering relationships between the Japanese and Americans. (army.mil 
Osaka District Court accepted a claim on Thursday that losses on betting on horse racing should be deductible from payouts to calculate taxable income. (Jiji Press 
Eighty-year-old Yuichiro Miura has become the oldest person to scale Mount Everest, his management office said Thursday. (Japan Times 
An 18-year-old youth has been arrested on a charge of attempted murder after he allegedly hit a 16-year-old girl in the head with a baseball bat. (Japan Today 
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 
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