Toyota to pay $180 mil in U.S. for failing to report emissions defects
Japan Todayj -- Jan 15
Toyota will pay $180 million to settle U.S. government allegations that it failed to report and fix pollution control defects in its vehicles for a decade.
The company also agreed in court to investigate future emissions-related defects quickly and report them to the U.S. Environmental Protection Agency in a timely manner.
“Toyota's actions undermined the EPA's self-disclosure system and likely led to delayed or avoided emissions-related recalls,” Audrey Strauss, the acting U.S. Attorney in Manhattan said Thursday in a prepared statement.
The Japanese automaker's actions from 2005 to 2015 brought financial benefits and excessive vehicle pollution, the statement said.
The company was accused in a government lawsuit of delays in filing 78 emissions defect reports as required by the Clean Air Act. The reports covered millions of vehicles, and some of them were as many as eight years late, the statement said.
The lawsuit was filed Thursday and settled on the same day, according to the statement.
- Japan Todayj
Japan pearl prices surge as men too don the precious beads
Nikkei - Jan 22
While it has been said that pearls are the queen of gems and the gem of queens, the latest fashion trends in Japan are showing the precious jewels are also fit for kings.
Yen's lost decades: Japanese buying power sinks to near 50-year low
Nikkei - Jan 22
A measure of the yen's strength has fallen to almost its lowest level in half a century as a combination of currency weakness and stagnant prices saps its purchasing power.
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Japan's consumer prices rose last month for the fourth month in a row, mainly on the back of higher energy costs.
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7 Tips On How To Become Your Own Boss
newsonjapan.com - Jan 21
Have you been sitting in your office or cubicle wishing you could be your boss but are scared you lack the necessary skills?
Toyota output to fall short of annual target of 9m vehicles
Nikkei - Jan 19
Toyota Motor's annual vehicle output will fall below the latest target of 9 million for the fiscal year ending March, as the chip shortage in Southeast Asia takes a further toll, the automaker announced on Tuesday.
Bank of Japan lifts inflation forecast, no policy change
The Mercury - Jan 19
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Nikkei - Jan 17
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Uniqlo dangles $8.8m salaries to draw talent in Big Tech showdown
Nikkei - Jan 16
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Yahoo Japan to expand remote work, pay for commutes by plane
Nikkei - Jan 13
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Cozy fit: Beanbag chair maker Yogibo bought by Japanese distributor
Nikkei - Jan 13
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Toyota keeps world's top spot for 2nd year
NHK - Jan 13
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BOJ head: Inflation likely to accelerate gradually
NHK - Jan 12
The governor of the Bank of Japan says he thinks consumer inflation will likely accelerate gradually on rising energy costs.
Social media marketing tips for beginners
newsonjapan.com - Jan 12
Have you recently discovered social media marketing and want to know how it could benefit your business?
Mizuho Bank has another system failure
NHK - Jan 11
Japan's Mizuho Bank has experienced another system failure. Tuesday's incident was the latest in a series that started last year.
Labour shortages in Japan overshadow economic recovery
phnompenhpost.com - Jan 10
Despite a gradual improvement in Japan’s economic conditions, a labour shortage is slowly starting to bite in industries such as restaurants and manufacturing in which many people decided to switch jobs while on furlough amid the Covid-19 pandemic.
