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Tag Archives: Japanese

Japanese cement export volumes increased by 10% in 2014 to 9.5Mt

TOKYO: Fiscal 2015 export price negotiations between major Japanese cement producers and customers in Asia have concluded with prices remaining virtually unchanged from the high level of fiscal 2014 on the back of robust demand, according to a Nikkei report. Annual contract prices are negotiated each spring by cement producers led by Ube-Mitsubishi Cement, Taiheiyo Cement and SumitomoOsaka Cement. This ... Read More »

Electronics firm Sharp seeks Japanese support for LCD spin-off business

TOKYO: Electronics firm Sharp plans to ask Japan’s public-private investment fund to back a spin-off of some of its liquid crystal display business. The Osaka-based maker of Aquos TVs will seek investment from Innovation Network Corp of Japan (INCJ) in a separate subsidiary that will take over its business in smaller LCD panels used in smartphones and tablet computers, a ... Read More »

Japan’s largest automaker Toyota sells 684,000 hybrids in 2014

TOKYO: Japanese Hybrid’s sales increased 50 percent due to Toyota in 2016, every two cars sold in Japan next year to be a gasoline-electric hybrid. Japan’s largest automaker sold 684,000 hybrids last year, according to the Nikkei Asian Review. With the next version of the best-selling Prius due out later this year, Toyota expects to push that number to 760,000 ... Read More »

Vietnam benefits from new Japanese investment

HANOI: Vietnam benefited from new Japanese investment, Although Japan has regained growth momentum, the economic policies of Prime Minister Abe continue to be challenged. Bionomics includes three main pillars: loosening monetary policy, boosting public spending, and deep and wide economic growth policy.  According to the Japanese government, in the second quarter of 2014, Japan’s GDP fell by 7.3%. The real ... Read More »

Japanese and S Korean companies pulled out of China due to trilateral free trade pact

TOKYO: Japanese and South Korean companies have pulled out of China in large numbers just as the three countries begin formal talks on a trilateral free trade agreement which may be concluded later this year. The number of Japanese companies moving their manufacturing bases out of China has been on the rise and contract manufacturing in China has fallen from ... Read More »

Japanese, German companies supplying auto parts to Hyundai face anti-trust probe

TOKYO: Japanese and German companies supplying auto parts to Hyundai Motor Group are facing an anti-trust probe over allegations of price-rigging, the Fair Trade Commission (FTC) said. It said it is investigating five auto parts manufacturers headquartered in Japan and Germany to determine whether they colluded to supply parts at higher-than-market prices. If price-fixing occurred, it would have added hundreds ... Read More »

Japanese, German companies supplying auto parts to Hyundai face anti-trust probe

TOKYO: Japanese and German companies supplying auto parts to Hyundai Motor Group are facing an anti-trust probe over allegations of price-rigging, the Fair Trade Commission (FTC) said. It said it is investigating five auto parts manufacturers headquartered in Japan and Germany to determine whether they colluded to supply parts at higher-than-market prices. If price-fixing occurred, it would have added hundreds ... Read More »

Japanese PM Shinzo Abe plans to lower corporate tax rate by 2.5%

TOKYO: One of the highest among major economies, Japan’s government is considering lowering the corporate tax rate by 2.5 percentage points next fiscal year to increase corporate competitiveness. Shinzo Abe Japanese Prime Minister had been planning to lower the corporate tax rate over several years to around 20 percent from more than 35 percent currently. Abe wants to make a ... Read More »

Japanese SMFG to purchase $334m Citigroup business

TOKYO: Japanese bank holding company Sumitomo Mitsui Financial Group Incorporation will announce as soon it will buy Citigroup Inc’s Japanese consumer banking business. Japan’s second biggest bank SMFG by market value will buy the business for about 40 billion yen ($334 million). Japanese Other companies are interested in acquiring Citigroup’s card unit, but the bank has no plans to negotiate ... Read More »

Philips resolves patent dispute with Nintendo over motion tracking system

AMSTERDAM: Philips Dutch technology group resolve patent dispute with Nintendo over the motion and gesture tracking systems use in the Japanese company’s gaming consoles. The Philips said the two companies had sealed a deal to cross license portions of each other’s patent portfolios and that it would terminate patent infringement proceedings against Nintendo in Germany, Britain, France and the United States. ... Read More »

BMW preparation plug-in hybrid versions of core models

LONDON: To the formal observer, there’s a kind of division in the world of fuel sipping. The Japanese, Koreans and Americans have embraced electrification by way of hybrid powertrains, while the Germans bend towards diesel technology. BMW is actively pushing to change that impression, as it’s announced that it will take a break from niche-busting MPVs and lifted, four-door coupes ... Read More »

Indonesia Customs arrests Japanese man, seizes 2kg methamphetamine

JAKARTA : A Japanese 73 year old man has been arrested on Indonesia’s Sumatra Island for carrying methamphetamine, a National Police spokesman said. Spokesman Ronny Sompie identified the man as Masaru Kawada, 73, but the Japanese mission in Indonesia has neither confirmed his name nor age yet. Sompie said Kawada, from Aichi Prefecture, was arrested by customs officials at the ... Read More »

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