Toyota aims to produce 2 million vehicles a year by early 2020s, which is a jump of more than 50% its current capacity. As per a source from Toyota Motor Corp, the Japanese carmaker will boost production capacity at its… Read More ›
Japanese
U.S. economic growth could result in faster interest rates hike
Part of the reason why global markets are jittery is due to the chatter of U.S. economic data, for the second quarter, that is streaming in, which could easily cross current analysts’ forecasts of 4.1%. A higher growth rate is… Read More ›
Foreign investors sold Japanese equities worth $7.06 billion in May-June 2018
Having purchased substantially in the first half of the month, foreign investors turned net sellers once the Trump Administration raised the ante, escalating the trade dispute into a potential trade war against Chinese imports to the U.S. aimed at balancing… Read More ›
Japan’s Taiyo Nippon Sanso Corp to buy Praxair Inc’s European businesses for $5.9 billion
The purchase is contingent on the planned Praxair-Linde deal going through which is subject to regulatory approval. On Thursday, Japan’s Taiyo Nippon Sanso Corp disclosed that it had agreed to acquire some of Praxair Inc’s European businesses for $5.9 billion… Read More ›
Compression issues in Rolls Royce engine lead to Japanese Airline ANA Holdings canceling 113 domestic flights
Rolls Royce has stated progress on fixing compression issues with its Trent 1000 engines C and Trent 1000 engines B have been slow due to a global shortage of replacement parts. On Wednesday, Japanese airline ANA Holdings Inc disclosed it… Read More ›
Japan selects Lockheed Martin Corp’s advanced radar worth upwards of $4 billion for its missile defense system
The move will not only ease U.S. concerns of Japan’s trade surplus with Washington but will also strengthen the country’s defenses against its foes. Japanese military planners see North Korea as an immediate source of danger and perceive China’s growing… Read More ›
Banks are to report suspicious transfers by JVs with North Korea: Japan’s Financial Services Agency
The move is aimed at ensuring Japanese lenders comply to norms prescribed by the Financial Action Task Force which will review Japanese lending practices in 2019. A critical report will place Japanese lenders out of the global banking network. On… Read More ›
Japan hit by 6.1 Richter scale earthquake, industrial production affected
Factory production, including those of Panasonic, Daihatsu Motor Co, a unit of Toyota Motor Corp, Sharp Corp, in Osaka and in its surrounding regions have been affected. Early on Monday, Japan’s news daily NHK reported that an earthquake measuring 6.1… Read More ›
Japan to join EU, Canada and Mexico in WTO against U.S. steel tariffs
Under the WTO’s dispute settlement process, holding consultations is the first step. It is not clear whether the U.S. will agree to such a request. As per a source in the Japanese government with direct knowledge of the matter at… Read More ›
New tariffs on cars and trucks will negatively impact U.S. consumers: Japan’s automakers association
In a cautionary move, Japan has warned the U.S. that any imposition of new tariffs will negatively impact U.S. consumers and its auto industry. On Friday, Japan’s automakers association (JAMA) came down heavily on U.S. overtures to explore the possibility… Read More ›
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