Nato defence expenditure (Infographic)

Tokyo, Dec. 20 (Jiji Press)–Japanese electronic device maker Nidec Corp. has announced the resignation of its founder, Shigenobu Nagamori, as chairman amid an accounting scandal. On Friday, Nagamori became honorary chairman without the right to represent the company. He voluntarily stepped aside

New York, Dec. 19 (Jiji Press)–The dollar surged above 157.50 yen in New York trading on Friday, as investors sold the Japanese currency amid uncertainty over the Bank of Japan’s next policy rate hike and deep-rooted concerns about the country’s fiscal deterioration.