News - Page 10

Tokyo, May 13 (Jiji Press)–The yield on the most recent issue of 10-year Japanese government bonds, regarded as the country’s benchmark long-term interest rate, rose to as high as 2.600 pct in Tokyo interdealer trading Wednesday morning. The reading was the highest

Tokyo, May 13 (Jiji Press)–Mathias Cormann, secretary-general of the Organization for Economic Cooperation and Development, has expressed concern over the Japanese government’s plan to temporarily lower the consumption tax on food items to zero, calling it not cost-effective. While acknowledging that “we

Kyoto, May 13 (Jiji Press)–Major Japanese motor maker Nidec Corp. said Wednesday that improper activities, such as changing materials, manufacturing processes and designs without customer approval, are suspected for some of the firm’s products. There are believed to be more than 1,000

Osaka, May 13 (Jiji Press)–About one year after launching sweeping management reforms aimed at restoring profitability, major Japanese electronics manufacturer Panasonic Holdings Corp. is entering a decisive stage in its turnaround efforts. Over the past year, Panasonic has worked to revamp its

Seoul, May 13 (Jiji Press)–A South Korean court has sentenced a man to five years in prison for drunken driving that left a Japanese tourist in her 50s dead and her daughter in her 30s seriously injured in Seoul last year. The

Kyoto, May 13 (Jiji Press)–Major Japanese motor maker Nidec Corp. said Wednesday that improper activities, such as changing “materials, processes and designs without customer approval,” are suspected for some of the firm’s products. The company said it has begun contacting and providing

Kyoto, May 13 (Jiji Press)–Japanese chipmaker Rohm Co. has reported a record consolidated net loss of 158.4 billion yen for the fiscal year that ended in March, hit by slowing demand for electric vehicles. The figure was larger than a net loss

Tokyo, May 13 (Jiji Press)–The Legislative Bureau at Japan’s House of Representatives and others have drafted an outline of an emergency clause that may be included in the Constitution as part of a planned reform of the country’s fundamental law. The draft

Tokyo, May 13 (Jiji Press)–The yield on the most recent issue of 10-year Japanese government bonds, regarded as the country’s benchmark long-term interest rate, rose to as high as 2.580 pct in Tokyo interdealer trading Wednesday morning. The reading was the highest

Tokyo, May 13 (Jiji Press)–Major Japanese bearing makers NSK Ltd. and NTN Corp. have announced a basic agreement to integrate their operations. The two companies, listed on the Tokyo Stock Exchange’s top-tier Prime section, will establish a joint holding company in October