More fake inspections found at Mitsubishi Electric
TOKYO, Oct 20 (NHK) -
An independent panel investigating fraudulent inspections at Japan's Mitsubishi Electric has uncovered dozens more cases.
The company has announced punishments for more executives to hold them accountable for the widening scandal.
The panel was set up last year, following the revelation of irregularities involving product inspections. It released its final report on Thursday with the results of investigations of all Mitsubishi Electric factories in Japan.
Seventy new cases were found at 11 facilities including a factory in Hyogo Prefecture. Managers at the factory intentionally revised the test results of its products and submitted false documents to customers for more than 20 years.
The total number of cases has now risen to 197 at 17 factories, or nearly 80 percent of the company's domestic plants.
...continue reading
Japan consumers cling to 'COVID savings' as anxiety grips country
Nikkei - Feb 05
People in Japan are hoarding the cash they accrued during the pandemic despite an easing of restrictions, with savings actually increasing to 62 trillion yen ($478 billion), or more than 10% of the country's gross national product.
Japan's food exports hit new high on seafood, whisky demand
Nikkei - Feb 04
Japan's food exports soared to a 10th straight annual record in 2022, as the economic reopening from the pandemic in many countries sparked renewed interest in dining out.
BOJ suffers unrealized losses of 8.8 tril. yen in government bonds
NHK - Feb 04
The Bank of Japan's unrealized losses on government bonds reached 8.8 trillion yen, or about 68 billion dollars in December.
World's largest pension fund posts fourth straight quarterly loss
UPI - Feb 04
Japan's massive public pension fund continued its longest ever losing streak, reporting on Friday a $14.2 billion loss for the third quarter, its fourth straight quarter of negative returns.
Is Japan's lagging EV market ready for takeoff?
macaubusiness.com - Feb 03
Despite boasting an early start with electric vehicles (EVs), Japan has been seen as a laggard in the EV market over the past decade when the rest of the world is actively riding on the transformative shift.
Japan's Z Holdings, Yahoo and Line announce merger
Nikkei - Feb 03
Japan's Z Holdings announced that it will merge with its two wholly owned subsidiaries -- internet portal Yahoo Japan and messenger app LINE -- in an effort to revamp operations and speed up decision-making.
Japan trading house says workers can be YouTubers to top up $100,000 salaries
The Peninsula - Feb 01
A major Japanese trading company has relaxed its rules to allow employees to pursue side careers, such as being a YouTuber or an artist, aiming to retain younger workers who are demanding more flexible work rules.
A $500 million bet on reinvigorating Japan’s aging ski industry
Bloomberg - Feb 01
Niseko sits on the western edge of the island of Hokkaido, where Siberian winds sweeping across the Sea of Japan drop heavy snow almost daily during the winter months.
Tokyo Disney operator to raise workers' pay by 7 percent
NHK - Feb 01
The operator of Tokyo Disney Resort is the latest major employer in Japan to announce wage hikes. Average pay will rise by 7 percent from April.
Japan's job availability in 2022 improved for first time in four years
Japan Times - Jan 31
Japan’s average job availability in 2022 improved for the first time in four years as economic and social activities revived with the easing of COVID-19 restrictions, government data showed Tuesday.
BYD forecasts huge profit ahead of flagship Atto launch in Japan
stockhead.com.au - Jan 31
Shenzhen-based automaker, Tesla hunter and global electric vehicle hopeful, China’s BYD Co, has forecast a bumper 2022 of pure profit.
The 20 Year Fall Of Japan's Sharp Corporation
Asianometry - Jan 31
Since the beginning of the century, Sharp has found itself increasingly trapped in a single incredibly competitive business.
Toyota world's top-selling automaker for third year running
Japan Today - Jan 30
Toyota Motor Corp was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.
Dentsu officials admit involvement in bid-rigging for Tokyo Games test events
NHK - Jan 30
NHK has learned that several officials of leading Japanese ad agency Dentsu have admitted to their involvement in bid-rigging for the test events of the Tokyo Olympics and Paralympics.
Japan embraces Web3 while other countries are hesitant
bollyinside.com - Jan 28
Web3 promotion continues to be a cornerstone of Japan’s national strategy as lawmakers and regulators from the U.S. to Europe to Asia voice growing caution regarding cryptocurrencies.
Japan launches whale meat vending machines
WION - Jan 28
Japan firm launched a whale meat vending machines to push sales. He is selling whale meat cans at prices from 1,000 yen to 3,000 yen.
